PNB LAPBT Interest Rate and Charges

Punjab National Bank is known to provide one of the best rates of mortgage loans in India. With a branch network across India, the PNB Loan Against Property Balance Transfer interest rate is very competitive. It also allows a Loan Against Property Balance Transfer if you meet the required eligibility criteria. It tries to provide feasible property loans so that you and your family can fulfill your immediate and long-term commitments.

At Finserv MARKETS, transfer the Loan Against Property Balance Transfer at low rates of interest. 

PNB Loan Against Property Balance Transfer Features

You can avail of the PNB Loan Against Property Balance Transfer if you meet every other eligibility criterion. If you're interested in the LAP balance transfer to PNB, then you will get to enjoy the following competitive features:

  • You are offered a loan tenure to a maximum of 25 years.

  • You have the freedom to utilize the received funds for any type of financial need.

  • There is the availability of a high amount of loan.

  • There are no charges for prepayment.

  • The documentation procedure is very simple and only the basic documents are required.

  • The loan processing is hassle-free and swift.

  • With a loan against property from the Punjab National Bank, you will find a competitive interest rate on the loan amount. 

PNB Loan Against Property Balance Transfer Processing Fees and Other Charges 

Interest rates

9.50% p.a. – 10.15% p.a. (for both salaried and self-employed applicants)

Repayment Tenure

  • Up to 180 months (for salaried applicants)

  • Up to 300 months (for self-employed applicants)

Processing Fee

1% of the loan amount

*The charges are subject to policy changes of PNB Housing Finance, from time to time. 

How is the PNB Loan Against Property Balance Transfer Interest Rate Calculated

The PNB Loan Against Property Balance Transfer interest rate is connected to the Base Rate. The PNB Loan Against Property Balance Transfer interest rate is calculated by the addition of Spread and the Base Rate. The Spread is decided based on your CIBIL score and the required amount of loan. If you want to make sure that your Loan Against Property Balance Transfer interest rate is low, then one way to do so is by improving and maintaining your credit score. 

Documents Required for PNB Loan Against Property Balance Transfer

There are two different criteria under which the eligibility is levied upon, for those who are self-employed and those who are salaried employees. The documents required for PNB Loan Against Property Balance Transfer are:

  1. Identity Proof: PAN/Voter ID/Aadhaar Card

  2. Address proof: Aadhaar Card/Passport/Driving License

  3. Latest Degree to validate educational qualification

  4. Salary slips of last 3 months (applicable for salaried applicants)

  5. Certificate & Proof of business existence (applicable for self-employed applicants)

  6. Form 16 for the last 2 financial years (applicable for salaried applicants)

  7. ITR for the last 3 financial years (applicable for self-employed applicants)

  8. Self-attested photocopy of the Title Documents of the Property and Approved Plan

Punjab National Bank understands the need for financial help at several points in life. One of the features of the PNB loan against property includes the freedom of spending the received funds during any financial crisis. The documentation is very simple and you can easily apply for the mortgage loan online on Finserv MARKETS. Finserv MARKETS makes availing of property loans convenient and quick.

Frequently Asked Questions

  • ✔️What are those properties that are considered as collateral for a Loan Against Property Balance Transfer from Punjab National Bank?

    Residential properties that are self-occupied and commercial properties like offices and shops can be considered as collateral.

  • ✔️What is the maximum amount of loan for PNB Loan Against Property Balance Transfer?

    The maximum loan amount that you can avail from the PNB Loan Against Property Balance Transfer is up to Rs. 5 Crores.

  • ✔️Is there an option to make part-prepayment on a PNB loan against property?

    Yes, there is an option to make part-prepayment on a PNB loan against property and there is no imposed fee on a floating interest type.

  • ✔️How do I apply for a PNB Loan Against Property Balance Transfer?

    To apply for a PNB Loan Against Property Balance Transfer, you can visit Finserv MARKETS.