PNB Housing Loan Against Property

Features and Benefits of PNB Housing Loan Against Property

• A vast line-up of non-home loan offerings including loans for buying and constructing commercial properties, loans for commercial and residential properties, lease rental discounting and more. 
• All-India network of branches. 
• Efficient service models with doorstep facilities for swift disbursal and processing. 
• Possibilities for expanding the loan amount in case of an increase in costs. 
• Dedicated employee team for ensuring customer satisfaction. 
• Flexible options for repayment. 

PNB Housing Loan Against Property Overview

PNB Housing offers loans against the mortgage of any existing commercial or residential property at the branch locations. End-use for the LAP may be for business purposes, foreign vacations, weddings or higher education of children, family expenses, medical costs, purchasing appliances, etc. You can always apply for PNB Housing loan against property without any hitches and get the benefits of a seamless PNB Housing loan against property online application procedure. The maximum amount is up to 60% of the property’s market value after certification by the lender-approved valuer or the consumer’s repayment capacity (whichever is lesser). 

Eligibility is worked out on the basis of factors like age, income, occupation, and qualifications. The income of the borrower and co-borrowers may be joined for working out loan eligibility. Disbursement happens only after technical appraisal of the property and completion of all legal documentation procedures. The loan is first directly disbursed to the customer as a lump sum in his or her bank account. Repayment is done via EMIs and through ECS or post-dated cheques over a maximum duration of 20 years.

PNB Housing Eligibility Criteria for Loan Against Property

Here are the PNB Housing loan against property requirements in terms of the eligibility criteria: 

• Salaried or self-employed non-professional/professional. 
• Maximum 60 years for salaried borrowers and 65 years for self-employed professionals/non-professionals at the time of maturity of the loan. 

PNB Housing Loan Against Property Interest Rate

Rates of interest are determined on the basis of the credit score and many other factors. Here is a table for your perusal: 

How PNB Housing Compares with Other Lenders?

Documents Required for PNB Housing Loan Against Property

Here is an extensive list of documents that are required in both categories:

PNB Housing Loan Against Property Customer Care Number

You can contact the customer care number- 1800 120 8800.