Opt for a PNB Housing Finance Loan Against Property on Bajaj Markets to leverage your property value for urgent financial requirements. You can get funding of up to 70% of the property value and enjoy lucrative interest rates starting at 9.24% p.a.
You can choose a flexible tenure of up to 240 months and repay comfortably. Enjoy minimal prepayment charges and processing fees when you opt for this facility.
Here is the PNB Housing Finance Loan Against Property interest rates and other charges:
9.24% p.a. onwards
1% of the loan amount
Disclaimer: The charges are subject to change at the discretion of the lender.
at % interest rate for months
Here are the eligibility criteria you need to meet:
Age: 21-70 years
Monthly income: Above ₹18,000
Work experience: 3+ years for salaried and a total business vintage of at least 5 years for self-employed
Here are the general documents you need to submit to apply for a loan against property from PNB Housing Finance:
Identity proof: PAN card/voter ID/Aadhaar card
Address proof: Aadhaar card/passport/driving licence
Latest educational degree certificate
Salary slips of the last three months (applicable for salaried applicants)
Form 16 for the last two financial years (applicable for salaried applicants)
Certificate and proof of business existence (applicable for self-employed 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
After checking your eligibility, here are the steps you can follow to apply for LAP from PNB Housing
Click on the ‘Apply Now’ button on this page
Enter your personal details as required in the online application form
Enter the required loan amount and your preferred repayment tenure
Submit the digital form for verification
A representative will get in touch with you for further processing
The maximum loan tenure available is 240 months for salaried and self-employed applicants.
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 Property interest rate to get the correct EMI amount.
You can get loans at interest rates 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.
Salaried individuals can claim tax deductions of up to ₹2 Lakhs in interest payments under Section 24(B) if funding is used for residential purposes. If you take the loan for business purposes, then it is eligible for tax benefits under Section 37(1).
You can get the loan against all existing residential or commercial immovable properties.
PNB Housing Finance provides property and loan repayment insurance to cover your loan against property under unfortunate circumstances.