Eligibility Criteria for PNB Home Loan

Criteria	Salaried Applicants	Self-employed Applicants
Age Range	21 to 70 years	21 to 70 years
Nationality	Indian/NRI	Indian/NRI
Minimum Monthly Income	Rs 15,000	–

Additional Eligibility Criteria:

• Indian residents and Non-Resident Indians (NRIs) aged 21 to 70 years.
• Co-applicants should be aged 21 to 70 years.
• Minimum Employment History: 3 years for salaried and 3 years for self-employed.

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PNB Home Loan Interest Rates

Interest rates significantly impact the cost of a home loan. PNB offers both fixed and floating interest rate options, allowing borrowers to choose what suits them best:

Regular Home Loan

Margin & Loan Amount	CIBIL Score	Interest Rates (p.a.)
For loan above Rs 30 lakh LTV Ratio <= 80%	800 and above	8.40% onwards
Irrespective of Loan Amount LTV Ratio <= 80%	PNB Pride 750 and above	8.45% onwards
	700-749	8.90% onwards
	600-699	10.00% onwards
Loan Amount up to Rs 30 lakh LTV Ratio more than 80% but up to 90%	PNB Pride 750 and above	8.55% onwards
	700-749	9.00% onwards
	600-699	10.10% onwards

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PNB Home Loan Processing Fee and Charges

Processing Fees

Loan Slab	Processing Fee
Up to Rs. 25 lakh	0.50% of loan amount plus GST, maximum Rs. 50,000 plus GST
Above Rs. 25 lakh	0.50% of loan amount plus GST, maximum Rs. 50,000 plus GST

Other Charges on Home Loans

Service	Charges
Prepayment Charges	Under floating rates- NIL; Under fixed rates- NIL if paid through own sources
Penal Charges	2% per month on defaulted installments
Document retrieval charges	Rs 2,000
Providing document list	Rs 500
Photocopies of title documents	Rs 1,000
Cheque bounce charges	Rs 500
ECS/NACH dishonor charges	Rs 300

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Documents Required for PNB Home Loan

Identity Documents

Document Name	Salaried Applicants	Self-employed Applicants
Aadhaar Card	✔	✔
Voter ID Card	✔	✔
PAN Card	✔	✔
Driving License	✔	✔
Passport (mandatory for NRIs)	✔	✔
Passport-sized Photographs	✔	✔

Income Documents

Document Name	Salaried Applicants	Self-employed Applicants
Last 3 month’s Salary Slips	✔	✖
Last 6 months’ Bank Statements	✔	✔
Latest Form-16 and IT returns	✔	✖
Income Tax Returns (last 3 years)	✖	✔
Balance Sheet and Profit & Loss A/c Statements	✖	✔
Proof of business existence	✖	✔

Other Documents

Document Name	Salaried Applicants	Self-employed Applicants
Duly signed application form	✔	✔
Job confirmation proof	✔	✖
Proof of ownership of property	✔	✔
Allotment letter from society if flat/apartment	✔	✔
Up to date tax paid receipt	✔	✔
Cheque for processing fee favoring PNB	✔	✔
Business Profile	✖	✔
Latest Form 26 AS	✖	✔
List of Directors and Shareholders with shareholding certified by a CA	✖	✔
Memorandum and Articles of Association of the Company	✖	✔
Partnership deed	✖	✔
Details of ongoing loans	✔	✔

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PNB Home Loan Schemes and Top Plans

Comparison

Feature	Regular Home Loan	Max Saver Housing Loan	Gen-Next Housing Loan	Pride Housing Loan	Home Loan (OD PNB Max Saver)
Minimum Loan Amount	Rs8 lakh	Rs10 lakh	Rs20 lakh	Rs1 Lakh	–
Interest Rate	8.40% p.a. onwards	8.55% p.a. onwards	8.40% p.a. onwards	8.40% p.a. onwards	8.55% p.a. onwards
Tenure	Up to 30 years	Up to 30 years	Up to 30 years	Up to 30 years	–
Eligible Applicants	Salaried/Self-employed	Salaried/Self-employed	Salaried	1.Central and State Government Employees 2.Defence personnel 3.Para military Forces & Pensioners of Central & State Government.	Existing housing loan borrowers if their loan is regular, all inspections are clear, full disbursement is done, and repayment has begun.

Details

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How to Apply for PNB Home Loan

1. Choose your loan schemes on Punjab National bank official website.
2. Check your eligibility online.
3. Gather the necessary documents.
4. Apply online through the official website or reliable platforms.
5. Complete the application form and upload required documents.
6. PNB will review your application.
7. Upon approval, the loan amount will be disbursed to your bank account.

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Comparison

You can also compare the home loan rates of different banks here. For detailed comparison between top banks you can visit our compare banks page.

Bank	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
SBI Bank	8.5% p.a. onwards	8.5% p.a. onwards	8.5% p.a. onwards
HDFC Bank	8.7% p.a. onwards	8.7% p.a. onwards	8.7% p.a. onwards
LIC Bank	8.50% – 10.35% p.a.	8.50% – 10.55% p.a.	8.50% – 10.75% p.a.
ICICI Bank	8.85% p.a. onwards	8.85% p.a. onwards	8.85% p.a. onwards
Kotak Mahindra Bank	8.70% p.a. onwards	8.70% p.a. onwards	8.70% p.a. onwards
Punjab National Bank	8.40% – 12.10% p.a.	8.40% – 12.10% p.a.	8.40% – 12.10% p.a.
Bank Of Baroda	8.40% – 10.65% p.a.	8.40% – 10.65% p.a.	8.40% – 10.90% p.a.
Bajaj Housing Finance	8.50% p.a. onwards	8.50% p.a. onwards	8.50% p.a. onwards
Axis Bank	8.75%-13.30% p.a.	8.75%-13.30% p.a.	8.75%-9.65% p.a.
Bank of India	8.4% p.a onwards	8.4% p.a onwards	8.4% p.a onwards
TATA Capital	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards