15 Lakh Home Loan PNB

The PNB Housing Finance Limited offers low-interest rate home loans for salaried and self-employed individuals. Getting a loan of 15 Lakh or more is much easier, thanks to the minimum paperwork and quick disbursal process. PNB home loan interest rate for 15 lakh is a minimum of 8.50%, which increases as per the CIBIL score.

15 Lakh Home Loan PNB – Highlights

Take a look at the key highlights of the 15 Lakh Home Loan from Punjab National Bank:

15 Lakh Home Loan EMI for 10 Years With PNB

If you take a 15 lakh home loan from PNB, the monthly EMI will differ as per the interest rate you are charged. You can use the 15 lakh loan EMI calculator PNB on its official website to know the exact EMI you need to pay. If you are a salaried person taking the loan for 10 years, the EMI would be Rs 18,598 with an interest rate of 8.50%.

15 lakh Home Loan EMI for 20 Years With PNB

The PNB home loan of 15 lakh EMI for 20 years will differ from 10 years of tenure. It is disbursed to self-employed persons. The monthly EMI for self-employed people would be Rs 13,304 for the 20-year tenure. The EMI calculator by PNB is of great help and offers close to accurate results.

15 Lakh PNB Home Loan – Fees and Charges

The processing fee for the 15 lakh PNB loan is up to 0.35% of the total loan amount. The processing fee carries no hidden charges.

15 Lakh PNB Home Loan – Documents Required

When it comes to seeking a home loan, there are certain documents that the borrower has to submit to the bank. Some of the essential documents required are- IT Return proof, Salary slip, Address proof, and others. To get a PNB 15 lakh home loan, the documents required vary according to the profession of the borrower.

For Salaried People

• Address Proof – Aadhar card, passport, driver’s license, phone bill, Ration card, election card, and any other statutory authority certificate. 
• Income Proof – Salary slip (minimum 3 months) and Bank Statement
• Age Proof – Passport, PAN card, or any other legally required document.

For Self-Employed People

• Address Proof – Aadhar card, passport, driver’s license, phone bill, Ration card, election card, and any other statutory authority certificate. 
• Income Proof – IT return of the last 3 years and proof of business
• Age Proof – Passport, PAN card, or any other legally required document.

15 Lakh PNB Home Loan – Eligibility Criteria

The 15-lakh home loan eligibility criteria at PNB differ as per the profession.

For Salaried People

• Age: The borrower must be at least 21 years of age and not more than 70 years.
• Residency: Must be a permanent Indian Resident
• Work experience: Minimum 3 years of work experience.
• Minimum Salary: Must have a minimum salary of Rs 15,000 or more.
• Loan amount: INR 8 lakh onwards
• Tenure: Up to 30 years
• LTV: Up to 90%
• CIBIL Score: 611+

For Self-Employed People

• Age: The borrower must be at least 21 years of age and not more than 70 years.
• Residency: Must be a permanent Indian Resident
• Work Experience: You should have at least 3 years of business continuity.
• Loan Amount: INR 8 Lakh onwards.
• Tenure: Up to 20 years
• LTV: Up 90%
• CIBIL score: 611+