PNB Loan Against Property: Eligibility Criteria

Quick Approval | Affordable Interest Rate | Flexible Repayment Tenure

✓ Loan Against Property from ₹2 Lakhs to ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.75%


Punjab National Bank Loan Against Property can be applied against either a residential or commercial property. This loan can be taken for personal needs. The PNB Loan Against Property eligibility criteria has a fixed set of parameters against which you can check your eligibility for the property loan from PNB, only at Finserv MARKETS.

PNB Loan Against Property Eligibility Criteria

  • The age of applicant must be between 21-70 years.
  • The net monthly income of the applicant must be above Rs. 18,000.
  • Salaried applicants must have a work experience of at least 3 years and self-employed applicants must have a total business vintage of at least 5 years.

CIBIL Score for PNB Loan Against Property

You need to remember that your credit history can play a pivotal role to decide the loan amount that you can avail. Your credit history is the credit report that is based on your credit information. It is recorded by CIBIL by taking into account your current and previous transactions of loans.

Financial institutions take into account your credit score to determine whether you are eligible for a given loan. If you want to improve your CIBIL score, then one way to do that is by making consistent payments on your secured loans. You must have 650 as minimum CIBIL score to be eligible for any property loan.

Documents required to apply for PNB Loan Against Property

In case you want to apply for the PNB bank Loan Against Property, the following are the required documents and the details that you require to fill in the given application form for a loan: 

  • Applicant's name

  • Birth certificate

  • Address proof

  • Purpose of the loan

  • Business proof

  • Income proof

  • Repayment mode

  • Processing fee

  • Tenure period

If you're considering taking a Loan Against Property from the Punjab National Bank, then do remember going through the PNB Loan Against Property calculator as it can give you a clearer picture. During the time of the PNB Housing Finance Loan Against Property, the following documents are required:

  • A filled application form for the mortgage loan

  • ID proof (such as Voter Card, Passport, PAN Card, or Driving License)

  • Address proof (such as Telephone bill, Ration card, electricity bill, Passport, Lease agreement, Certificate of Sales Tax, or Trade license)

  • Bank statement of the past 6 months

  • Proof of continuation (such as Trade license, ITR, Certificate of Sales Tax, or Establishment)

  • Financial statements of the past 2 years that have been attested by the CA

  • License copy, NOC of the local body, or license for running the business from the competent authority

  • Sales tax returns or Income Tax of partners, companies, firms, or proprietors

Loan Against Property from the PNB has several attractive features and is feasible. You can avail of a property loan of a maximum of Rs. 1 Cr with a repayment period of about 240 months. If you have a good credit score and are eligible for the Loan Against Property from PNB, then utilize the PNB Loan Against Property calculator to plan a loan that will benefit you the most. With the aid of Punjab National Bank's LAP, you can now attain your existing and long-term goals.

Frequently Asked Questions

  • ✔️How much is the rate of interest to avail the Loan Against Property from the Punjab National Bank?

    The interest rate of the PNB LAP is determined by the profile of the borrower such as tenure, loan amount, and much more.

  • ✔️Is there a processing charge on the PNB Loan Against Property?

    If you consider taking a Loan Against Property from the Punjab National Bank, then the processing charge on the loan would be 1% of the applied loan amount.

  • ✔️Is there a top up on the Loan Against Property from the Punjab National Bank?

    Yes, the option to top up loans is available given an adjustable rate. This is linked with the retail prime lending rate of the Punjab National Bank.

  • ✔️Can I get a PNB bank Loan Against Property by providing no income proof?

    Unfortunately, no, the PNB LAP cannot be availed without showing any proof of income.