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Home > Home Loan > Punjab National Bank Housing Finance Home Loan > Punjab National Bank (PNB) Home Loan Eligibility Criteria | Updated 2025

Punjab National Bank (PNB) Home Loan Eligibility Criteria | Updated 2025

March 27, 2025
133 min read
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Estimated reading time: 133 minutes

When planning to apply for a home loan with Punjab National Bank (PNB), understanding the eligibility criteria is crucial. Meeting these requirements ensures smoother approval and avoids delays. Here’s a breakdown of what PNB looks for when assessing a home loan application.

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Punjab National Bank Home Loan Eligibility Criteria

PNB considers several factors before approving a home loan application. The eligibility criteria ensure that borrowers can manage loan repayments comfortably. Below is a detailed list of the key parameters:

CriteriaDetails
AgeMinimum: 21 years, Maximum: 65 years at loan maturity
Credit Score611+
LTVUp to 90%
Resident StatusYou should be a permanent resident of India.
Work ExperineceMinimum work experience of 3 years
Meeting the basic criteria doesn’t guarantee loan approval but ensures that your application will be considered.

PNB Home Loan Eligibility Based on Salary

The table below shows the maximum loan amount that you qualify for based on your income. This was computed with a 30-year repayment period, a set annual interest rate of 8.75%, and the assumption that there had been no previous EMIs. 

Check whether you qualify for a house loan based on your earnings by using the PNB home loan eligibility calculator.

Monthly IncomeLoan Amount
Rs. 25,000Rs.15,18,372
Rs. 30,000Rs.20,49,802
Rs. 35,000Rs.23,91,436
Rs. 45,000Rs.30,74,703
Rs. 50,000Rs.34,16,337
Rs. 55,000Rs.41,75,523
Rs. 60,000Rs.45,55,116
Rs. 65,000Rs.49,34,709
Rs. 70,000Rs.53,14,302
Rs. 75,000Rs.56,93,895

PNB Home Loan Checklist Based on Value of Property

Value of the PropertyLTV Ratio
Up to Rs.30 lakh
90% of the property cost
From Rs.30 lakh to Rs.75 lakh
80% of the property cost
Above Rs.75 lakh
75% of the property cost

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Eligibility Criteria for all Punjab National Bank Home Loan Products

Home Loan ProductEligibility Criteria
PNB Home LoanAge: 21 to 70 years
Nationality: Indian
Tenure: 30 years
Minimum Salary: 15,000/ month
PNB Plot LoanAge: 21 to 70 years
Nationality: Indian
Tenure: 30 years
Profession: Salaried individual, Self employed or Business owner
PNB Home Construction LoanAge: 21 to 70 years
Nationality: Indian
Tenure: 30 years
Work Experience: 3 years work experience for salaried applicants and 5 years business continuity for self-employed
PNB Home Improvement LoanAge: 21 to 70 years
Nationality: Indian
Minimum Salary: 15,000/ month
PNB NRI Home LoanAge: 21 to 70 years
Nationality: Person of Indian Origin (PIO) holding an Indian passport with status of NRI on deputation/ employment/ assignment

Punjab National Bank Home Loan Interest Rates

Check out the table below for the current Home Loan rates on offer, subject to your credit score.

Credit ScoreSalariedNon Salaried
≥ 8258.5% to 9%8.8% to 9.3%
> 800 to 8258.8% to 9.3%8.95% to 9.45%
> 775 to 7999.1% to 9.6%9.65% to 10.15%
> 750 to ≤ 7759.25% to 9.75%9.8% to 10.3%
> 725 to ≤ 7509.55% to 10.05%10.25% to 10.75%
> 700 to ≤ 7259.85% to 10.35%10.55% to 11.05%
> 650 to ≤ 70010.25% to 10.75%10.75% to 11.25%
Up to 65010.25% to 10.75%10.75% to 11.25%
NTC CIBIL ≥ 17010.25% to 10.75%10.65% to 11.15%
NTC CIBIL < 17010.15% to 10.65%10.55% to 11.05%

Check Out: PNB Home Loan Interest Rates 2025

Factors Impacting Eligibility for PNB Home Loans

The following criteria determine your eligibility for an PNB home loan:

  • The age of the applicant
  • The applicant’s credit rating
  • The applicant’s pay or source of income
  • Debt to income ratio
  • Property value
  • Repayment capacity
  • Property type and purpose

Also Read: How to Apply for a PNB Home Loan?

How to Improve PNB Home Loan Eligibility

  • Boost Your Credit Score: Maintain a high credit score (750 and above) by paying bills on time and reducing outstanding debts.
  • Reduce Existing Debts: Lower your current liabilities to decrease your debt-to-income ratio, making you a more attractive borrower.
  • Ensure Stable Employment: Maintain a steady job or consistent business income for at least 2-3 years to demonstrate financial stability.
  • Increase Your Income Documentation: Provide comprehensive proof of income, including salary slips, income tax returns, and bank statements.
  • Avoid Late Payments: Make all loan and credit card payments promptly to build a strong credit history.
  • Keep Credit Utilization Low: Use only a small portion of your available credit to enhance your creditworthiness.
  • Save for a Higher Down Payment: A larger down payment reduces the loan amount needed, improving your repayment capacity.
  • Include a Co-Applicant: Adding a co-borrower with a strong financial profile can enhance your eligibility and loan terms.
  • Choose the Right Property Type: Invest in properties located in PNB -approved areas with high market demand to ensure favorable loan terms.

Also Read: PNB Home Loan Insurance

Punjab National Bank Home LoanProcessing Fees and Charges

Fee TypeAmount
Processing Fees*0.35% of the loan amount
Minimum – ₹2,500
Maximum – ₹15,000
Documentation Charges*₹1,350
Takeover of Loan – Processing Fees₹2,500
Takeover of Loan – Documentation Charges₹1,350
PMAY (EWS/LIG) Loan up to ₹6 lakhNIL
Additional Loan Beyond PMAY LimitAs per existing housing loan scheme

How to Use Credit Dharma’s Eligibility Calculator?

Credit Dharma provides a straightforward 4-in-1 eligibility calculator to help you assess your eligibility for an ICICI home loan. Here’s how to use it:

  1. Open the Credit Dharma 4-in-1Home Loan Calculator
  2. Input your details
  3. Review the results, which will show your eligibility status, potential loan amount, monthly EMI amount, etc
  4. Based on the results, decide whether to proceed with your application or take additional steps to enhance your eligibility.

Note that this calculator provides an estimate. Your final loan approval and amount may differ based on additional factors and verification.

Home Loan Interest Rates by Top Banks

BankUp to Rs. 30 LakhAbove Rs. 30 Lakh to Rs. 75 LakhAbove Rs. 75 Lakh
SBI Bank8.00% p.a. onwards8.00% p.a. onwards8.00% p.a. onwards
HDFC Bank8.75% p.a. onwards8.75% p.a. onwards8.75% p.a. onwards
LIC Bank8.50% – 10.35% p.a.8.50% – 10.55% p.a.8.50% – 10.75% p.a.
ICICI Bank8.75% p.a. onwards8.75% p.a. onwards8.75% p.a. onwards
Kotak Mahindra Bank8.75% p.a. onwards8.75% p.a. onwards8.75% p.a. onwards
Punjab National Bank8.50% – 11.05% p.a.8.50% – 11.05% p.a.8.50% – 11.05% p.a.
Bank Of Baroda8.40% onwards8.40% – 10.65% p.a.8.40% – 10.90% p.a.
Bajaj Housing Finance8.50% p.a. onwards8.50% p.a. onwards8.50% p.a. onwards
Axis Bank8.75%-10.30% p.a.8.75%-10.30% p.a.8.75%-10.30% p.a.
Bank of India8.40% p.a onwards8.40% p.a onwards8.40% p.a onwards
TATA Capital8.75% p.a. onwards8.75% p.a. onwards8.75% p.a. onwards
The interest rates, maximum tenures, and other charges are subject to change, and it’s advisable to check with our experts for the most current information.

Home Loan Processing Fees by Top Banks

BankHome Loan Processing Fee
SBI (State Bank of India)0.35% of the loan amount (min ₹2,000, max ₹10,000) + GST
HDFC BankUpto 0.50% of the loan amount or Rs. 3300/- whichever is higher
ICICI Bank0.50% of the loan amount (min ₹3,000, max ₹5,000) + GST
Axis Bank1% of the loan amount or ₹10,000 (whichever is lower)
Kotak Mahindra Bank0.5% – 1.00% of the loan amount
Bajaj Housing FinanceUp to 4% of the loan amount
The interest rates, maximum tenures, and other charges are subject to change, and it’s advisable to check with our experts for the most current information.

Get the Best Home Loan Offers with Credit Dharma

Credit Dharma is your trusted partner for securing the best Home Loan offers, with over ₹500 Cr+ loans handled and partnerships with 20+ leading banks. We provide exclusive access to the lowest interest rates and a seamless, digital process with fast approvals in just 1-2 weeks, backed by lifetime support from our home loan experts.

Why choose Credit Dharma? We provide:

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Conclusion

Punjab National Bank’s home loan eligibility criteria are designed to ensure that applicants are capable of managing their loans responsibly. Using tools like Credit Dharma’s eligibility calculator and improving your financial health by focusing on credit score, debt management, and employment stability can improve your chances of securing the loan.

Before applying, make sure you’re well-prepared by reviewing your eligibility, gathering necessary documents, and planning for a smooth loan process.

Frequently Asked Questions

Can I apply for a PNB loan if I’m self-employed?

Yes, PNB offers loans to self-employed individuals. However, you’ll need to meet specific criteria, including a minimum monthly income of ₹50,000 and a business vintage of at least 3 years.

Does PNB offer loans to non-resident Indians (NRIs)?

PNB does offer certain loan products to NRIs. However, eligibility criteria and documentation requirements may differ. It’s best to contact PNB directly for specific NRI loan options.

Is there an age limit for PNB home loans?

Yes, applicants must be at least 21 years old and not exceed 70 years at loan maturity.

What is the ideal debt-to-income ratio for a home loan?

Ideally, your debt-to-income ratio should be below 40% for smoother approval.

Does PNB allow co-applicants for a home loan?

Yes, having a co-applicant with a strong financial profile can improve your eligibility.

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