Swift Approval | Affordable Interest Rates | Contactless Processing
✓ Loan Against Property from ₹15 Lakhs to ₹5 Cr ✓ Multiple Lending Partners ✓ Attractive Interest Rates
Loan Against Property (LAP) from PNB Housing is here to help you fulfil all your financial requirements. Whether it is business expansion, a child’s education, travel or a medical emergency, a loan against property will help you in the best way possible.
In fact, the PNB Housing Finance loan against property interest rate starts at 9.24% p.a., and you can avail up to ₹15 Crores. To get started and enjoy these benefits, apply for a PNB Housing Finance loan against property on Bajaj Markets today!
To learn more about the Punjab National Bank Housing Finance loan against property, its processing charges, eligibility terms, and more, read on.
Charges |
Particulars |
Interest Rate |
9.24% p.a. onwards |
Processing Fee |
1% of the loan amount |
Loan Tenure |
|
Prepayment Charges |
Nil |
Disclaimer: The charges are subject to policy changes of PNB Housing Finance.
Knowing the interest rates of different lenders helps you make an informed choice. To help you choose the right lender, here is a comparison of the PNB Housing Finance LAP interest rates with various partners on Bajaj Markets.
Name of the Partner |
Interest Rate |
10.10% p.a. |
|
14.00% p.a. |
|
10.60% p.a. |
|
15% p.a. |
|
9.45% p.a. |
|
14.75% p.a. |
|
13.90% p.a. |
Disclaimer: The interest rates for each lending partner are subject to change at the financial institution’s discretion.
You can compute your EMI using the PNB Housing Finance loan against the property calculator on Bajaj Markets. Enter the principal amount, repayment tenure, and the applicable Punjab National Bank Housing Finance loan against the property interest rate.
Note that these are the three main factors deciding your EMI amount. You can tweak these parameters to help you arrive at a suitable EMI. This way, you can plan your finances better.
PNB Housing Finance Loan Against Property - Features & Benefits
Loan Amount
Get a PNB Housing Finance Loan Against Property of up to ₹15 Crores to fund your requirements.
Flexible Repayment Tenure
Repay your loan in easy EMIs with flexible tenures ranging up to 240 months for salaried and self-employed applicants.
Balance Transfer Options
You can avail a balance transfer facility with minimal documentation on Bajaj Markets.
Low Rates of Interest
Avail a loan at attractive PNB Housing Finance LAP loan interest rates starting from 9.24% p.a.
High Fund Ratio
You can get up to 70% funding with a PNB Housing Finance loan against property.
Here are the essential PNB Housing Finance loan against property eligibility criteria you must meet to avail this financing option:
You must be between 21-70 years
Your net monthly income must be above ₹18,000
You must have a work experience of at least 3 years, if you are a salaried professional and a total business vintage of at least 5 years, if self-employed.
Once you meet the required eligibility criteria, you must submit the following PNB Housing Finance loan against property documents after approval.
The paperwork needed is as follows:
Identity proof: PAN card/Voter ID/Aadhaar card
Address proof: Aadhaar card/Passport/Driving licence
Latest degree certificate to validate your educational qualification
Salary slips of the last three months (applicable for salaried applicants)
Certificate & Proof of business existence (applicable for self-employed applicants)
Form 16 for the last two financial years (applicable for salaried applicants)
ITR for the last three financial years (applicable for self-employed applicants)
Self-attested photocopy of the title documents of the property and approved plan
How to Apply for PNB Housing Finance Loan Against Property Online
Applying for a PNB Housing Finance loan Against Property is simple on Bajaj Markets. Here’s what you need to do:
-
Enter Your Details
Enter your personal and income details and get instant loan eligibility.
-
Choose Your Lending Partner
Select PNB from the list of lending partners.
-
Estimate Borrowing Power
Know the loan amount you can avail.
-
Mention the Requirement & Property Details
Fill in the desired loan amount and property details.
-
Unlock Final Details
Find out your loan details along with the LAP rate of interest at PNB Housing Finance, associated charges, and the net disbursal amount.
PNB Housing Finance Loan Against Property FAQs
The maximum loan tenure available under PNB LAP is 240 months for salaried and self-employed applicants.
You need to provide the registered mortgage of the property.
It is an online computational tool that estimates your EMI based on the data you enter. Ensure you provide the right PNB Housing Finance loan against the property interest rate to get the correct EMI amount.
Knowing the EMIs payable you need to pay beforehand helps you plan your finances better. This further helps zero in on the right lender based on interest rates.
You can repay your loan EMIs through post-dated cheques and ECS.
You can avail the credit facility at applicable PNB Housing Finance loan against property rates of interest starting from 9.24% p.a.
You must pay a processing charge of 1% of the loan amount.
Yes, you can get a top-up loan from PNB at rates linked to the prime lending rate of the financial institution.
No. You must provide income proof to avail a loan against property from PNB Housing Finance.
Your eligibility for a loan against the property increases if your income increases. Additionally, having a co-applicant can further improve your loan eligibility.
