Punjab National Bank Home Loan Eligibility Calculator

Smart financial planning is essential when considering a home loan. PNB Housing Finance’s Home Loan Eligibility Calculator provides a precise estimate of your borrowing capacity, taking into account your income, age, existing debts, and desired loan tenure.

Here’s how you can leverage this calculator to make strategic decisions and secure the best possible loan terms.

PNB Housing Finance Home Loan Eligibility Criteria

Criteria	Salaried Applicants	Self-Employed/Business Owners
Age	21 – 70 years	21 – 70 years
Residency	Permanent resident of India	Permanent resident of India
Work Experience	Minimum 3 years of work experience	At least 3 years of business continuity
Salary	Minimum salary of INR 15,000 per month	N/A
Tenure	Up to 30 years	Up to 20 years
LTV (Loan to Value)	Up to 90%	Up to 90%
Required Credit Score	611+	611+
Additional Requirements	N/A	Must provide income tax returns

PNB Housing Finance Eligibility Criteria on all Home Loan Products

PNB Housing Finance offers a range of home loan products with flexible eligibility criteria to help you fulfill your dream of owning a home. Whether you’re a salaried professional, self-employed, or an NRI, discover the eligibility requirements for a seamless loan experience.

PNB Housing Finance Home Loan

• Age: 21 – 70 years
• Income: ₹15,000+ per month.
• CIBIL Score: 611+
• Work Experience: 3+ years for salaried individuals.
• Business Continuity: 3+ years for self-employed.

PNB Housing Finance Plot Loan

• Profession: Borrower must be salaried, self-employed, or a business owner.
• Credit Score: Minimum score of 650 for attractive interest rates. Rates increase as the score decreases.
• Age: Borrower must be under 70 years at loan maturity.
• Loan Tenure: Loan term affects eligibility and loan amount.
• Property Cost: Property cost determines the loan as per LTV policies.

PNB Housing Finance Home Construction Loan

• Indian Citizenship: Applicant must be an Indian citizen.
• Work Experience: 3 years for salaried applicants, 5 years of business continuity for self-employed.
• CIBIL Score: Minimum score of 650.

PNB Housing Finance Home Improvement/ Extension Loan

• Age: Applicant should be under 70 years at loan maturity.
• Credit Score: Minimum CIBIL score of 611.
• Profession: Salaried or self-employed.
• Income: Must have a stable job and reliable income source.

PNB Housing Finance NRI Home Loan

• Citizenship: Must be an Indian citizen or a Person of Indian Origin (PIO) with NRI status.
• Foreign Stay: Must have stayed for at least one year in a foreign country before applying for a house loan, except for those going abroad on deputation.
• Age: Must be under 70 years at the time of loan maturity.

PNB Housing Finance Loan Against Property

• Profession: Must be a salaried employee or a self-employed professional/non-professional.
• Age:
  • Salaried employees: Must be under 60 years at loan maturity.
  • Self-employed professionals/non-professionals: Must be under 65 years at loan maturity.

PNB Housing Finance Affordable Home Loan

• Salaried Employees: Must work for a stable business entity (e.g., sole proprietorship, partnership, private limited, limited company, or trust).
• Self-Employed with Informal Income: Must have income from a low/middle-income group, with a household earning at least INR 10,000. This also applies to co-applicants’ combined income.
• Age: Must be under 70 years at loan maturity.

How to Use PNB Housing Finance Home Loan Eligibility Calculator?

PNB Housing Finance’s Home Loan Eligibility Calculator allows you to check your housing loan eligibility online quickly. Follow these simple steps:

1. Input your total gross monthly income.
2. Choose the desired loan term. Longer tenures can increase your eligibility.
3. Enter HDFC Bank’s current home loan interest rate.
4. Input your existing monthly EMIs for other loans.
5. View your eligible loan amount based on the entered details.

PNB Housing Finance Home Loan Eligibility Based on Salary

The eligibility for PNB Housing Finance home loan depends on various factors, including your salary. Here’s a general guideline on how salary impacts eligibility:

• The higher your salary, the higher the home loan amount you may be eligible for.
• Typically, a higher salary allows you to qualify for a larger loan, as your income indicates the ability to repay a larger amount.

For example, someone earning ₹1 lakh/month may be eligible for a loan of ₹1 crore or more, while someone earning ₹40,000/month might only be eligible for ₹30-40 lakh.

Also Read: How Much Home Loan Can you Get Based on Salary?

PNB Housing Finance Eligibility Based on Age

Applying for PNB Housing Finance home loan early ensures that you can get a longer repayment tenure, lowering your EMI and helping you manage your finances better.

Applicant Age	Maximum Eligible Tenure
21 – 35 years	30 years
36 years	29 years
37 years	28 years
38 years	27 years
39 years	26 years
40 years	25 years
41 years	24 years
42 years	23 years
43 years	22 years
44 years	21 years
45 years	20 years

Suggested Read: Home Loans for Salaried Employees

PNB Housing Finance Eligibility Based on Property Value

PNB Housing Finance home loan eligibility is not only determined by the applicant’s income but also by the value of the property being purchased. The bank evaluates the property’s market value to ensure that it serves as adequate collateral for the loan.

Property Value	LTV 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

Also Read: Home Loan for Self-Employed Professionals

PNB Housing Finance Eligibility Based on Credit Score

A strong credit score is essential for securing PNB Housing Finance home loan, as it reflects your creditworthiness and repayment reliability.

Rating	Credit Score
Good	750 and above
Average	600 – 750
Poor	Below 600

PNB Housing Finance Home Loan Eligibility for Women

• Eligibility Criteria: Women applicants must meet the same eligibility requirements as other borrowers, including income, credit score, and property value.
• Benefit: This discount helps make home ownership more affordable for women borrowers.

Benefits of Using PNB Housing Finance Home Loan Eligibility Calculator

• Instantly determines your loan eligibility
• Access the calculator online anytime for free
• Get a clear understanding of your borrowing capacity
• Helps in aligning your home search with your budget
• Use your eligibility estimate to negotiate better terms and conditions

Factors Affecting PNB Housing Finance Loan Eligibility

Several factors affect your eligibility for an Punjab National Bank home loan, including:

Factor	Impact on Eligibility
Age of the applicant	Younger applicants get longer repayment tenures
Financial position	Strong financials improve eligibility
Repayment record	Also good repayment history boosts eligibility
Credit score	Higher scores increase chances of approval
Existing liabilities	Higher liabilities reduce eligibility
Applicant’s profile	Stable profiles are favored
Property specifications	Newer, well-located properties have better eligibility
Loan guarantor status	Being a guarantor to another loan can affect eligibility

How to Improve My Eligibility For PNB Housing Finance Home Loan?

To improve your eligibility for an PNB Housing Finance home loan, take these key steps to qualify for a higher loan amount with better terms.

Factor	How to Improve Eligibility
Credit Score	Maintain a score of 750+ by clearing dues on time and reducing debt.
Employment Stability	Stay employed with a stable job or business for at least 2 years.
Debt-to-Income Ratio	Reduce existing debts or liabilities to lower your DTI ratio.
Loan Tenure	Opt for a longer tenure to lower monthly EMI and improve eligibility.
Co-applicant	Add a co-applicant with a steady income to boost eligibility.
Property Value	Choose a property with a higher market value to increase loan eligibility.
Additional Savings	Having significant savings or assets can demonstrate financial stability.
Avoid Unnecessary Loans	Refrain from taking new loans during the application process.

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Credit Dharma is your trusted partner for securing the best PNB Housing Finance 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:

• Lowest Interest Rates: Save more with every EMI.
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Compare, choose, and secure the best PNB Housing Finance Home Loan offer with Credit Dharma — your home loan journey starts

Frequently Asked Questions