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A home loan statement is a crucial document that contains all the details about your loan. Every lender generally offers this statement annually, allowing you to stay up-to-date on your borrowings. 

 

Read on to know what a PNB Home Loan statement includes, how to get it, and more.

What is the PNB Housing Finance Home Loan Statement?

PNB Housing Finance issues a home loan statement to its customers, which encapsulates the details regarding the loan. The PNB Housing Finance home loan statement specifically mentions all the crucial elements of the loan, such as:

  • Home Loan Terms: These include the loan amount, interest rate, repayment tenure with the starting and end dates, interest rate, etc.

  • Home Loan Account Details: These details entail the opening and closing balances and the transactions made during a financial year

  • Balance Due: It tells you about the outstanding balance, including the due interest and principal amount   

  • EMIs Payable: It shows the amount you have to repay as monthly instalments to clear your loan 

 

PNB Housing Finance authorities and the borrower mutually decide these terms at the time when the lender sanctions the home loan. The PNB Housing Finance Home Loan statement is also identified as a PNB Housing Finance Home Loan provisional certificate and is issued at the beginning or end of the financial year. 

 

You can use the PNB Housing Finance Home Loan statement for a new loan application or to calculate the debt-to-income ratio. You can also request a PNB Housing Finance Home Loan provisional certificate from PNB Housing Finance authorities online or offline for any of these purposes.

How to Download the PNB Housing Finance Home Loan Statement?

To get a PNB Housing Finance Home Loan statement online, you will have to –

  • Go to the official net banking website of PNB Housing Finance 

  • Log in to your account using your credentials

  • Select the ‘Inquiries’ option from the menu

  • Click on the ‘Home Loan Provisional Certificate’ tab from the dropdown list 

  • Enter your PNB Housing Finance Home Loan details to generate the loan statement

  • Check the PNB Housing Finance Home Loan statement that will appear on your screen

 

You also have the option to read your PNB Housing Finance Home Loan statement online, print hard copies, or download an e-copy on your device.

How to Get a PNB Housing Finance Home Loan Statement Offline?

In case you are unable to generate a PNB Housing Finance Home Loan statement online, the lender also renders offline services. To get a PNB Housing Finance Home Loan statement offline, you will have to:

  • Go to the closest PNB Housing Finance branch and ask for a home loan statement form

  • Get the application form and enter all the primary details like name, DOB, residential address, loan account number, loan tenure, etc.

  • Submit the required documents, like PAN card, voter ID, Aadhar card, etc., for verification purposes

  • Submit the application to the PNB Housing Finance branch to get the home loan statement

Why is a PNB Housing Finance Home Loan Statement Required?

You can use the PNB Home Loan statement for various purposes, including the following: 

  • Financial Planning

The PNB Housing Finance Home Loan statement helps you keep a record of loan funds. The statement mentions the EMIs and outstanding principal amounts that you need to pay to the lender. This helps you plan expenses and revenues accordingly.

  • Keeps Updated 

You can generate a PNB Housing Finance Home Loan provisional certificate at the beginning or end of every financial year. It allows you to keep track of the debt-to-income ratio, EMIs due, etc. Every housing loan statement comes with updated information, helping you to manage funds efficiently.

  • Showcases Goodwill 

PNB Housing Finance home loan statements remain useful documents even after you settle the loan completely. You can use this statement as proof of your repayment capacity and goodwill in the future for new loan applications. 

A clean and healthy record established through a home loan statement increases the chances of loan approval.

  •  Saves Tax

You can also use PNB Housing Finance Home Loan statements in your financial book while filing for taxes. The Government offers tax relaxations to people who have borrowed money from banks and financial institutions to construct or purchase a home.

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Now that you know how to download the PNB Housing Finance Home Loan Statement, you can easily record the details of the loan agreement. If you’re looking for additional funds, consider applying for a home loan on  Bajaj Markets. Here, you can explore different types of loan products that can cater to your various needs. 

FAQs on the PNB Housing Finance Home Loan Statement

How much tax exemption can I get by using the PNB Housing Finance Home Loan statement when filing for Income Tax?

By attaching the PNB Housing Finance Home Loan statement, you can avail of tax exemptions under different sections of the Income Tax Act of 1961. As per Section 80C, you can enjoy a tax deduction of up to ₹1.5 Lakhs on the principal component. 

 

Additionally, you can also avail tax benefits of ₹2 Lakhs on interest payments of the home loan under Section 24 and up to ₹50,000 u/s 80EE.

What are the charges that I will need to pay to get a PNB Housing Finance Home Loan account statement?

There are no associated charges if you download a soft copy of the PNB Housing Finance home loan account statement online. However, for an ad-hoc request for a home loan account statement at the PNB Housing Finance branch or by email, you will have to pay ₹500 with the GST.

How frequently can I receive the PNB Housing Finance Home Loan statement?

The PNB Housing Finance authorities provide home loan provisional certificates annually. You can receive the statement either at the start or the end of a financial year.

How to get a PNB Housing Finance Home Loan account statement offline?

You can get the PNB Housing Finance home loan account statement offline by visiting the nearest branch and filing an application form. You will also have to attach certain documents to prove your identity in order to receive the statement. 

How to check the PNB Housing Finance Home Loan balance?

You can check the outstanding balance by checking the PNB Housing Finance Home Loan account statement provided by the lender. You can also download the same from the lender’s website or get a physical copy from the branch.

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