20 Lakh Home Loan PNB

If you’re planning on fulfilling your dreams of homeownership, a 20 lakh home loan from PNB could be your stepping stone. Whether you’re buying, constructing, or renovating, PNB’s financing options can be your perfect aid.

A 20-lakh home loan facility from PNB offers optimal interest rates, easy EMIs, and a seamless application process, making your journey towards homeownership smoother than ever. In this blog post, we will extensively cover various aspects of the 20 lakh home loan from PNB.

20 lakh Home Loan PNB: Highlights

Loan Type	20 lakh
EMI Duration Choices	Up to 30 years
Interest Rate	Floating Interest Rates: 8.40% – 10.25% p.a. Fixed Interest Rates: 9.40%–11.75% p.a.
Processing Charges	No charges till 31-March-2024

20 lakh home loan EMI for 10 years PNB

Getting a 20 lakh home loan EMI for 10 years from PNB can be an efficient solution for those looking to finance a house purchase. For a 10-year duration, the PNB home loan interest rate for 20 lakh varies between 9.55% to 11.10%, making the EMI for a PNB 20 lakh home loan more affordable.

Over a tenure of 10 years, this EMI provides a manageable repayment structure that reduces financial pressure. Using a 20 lakh loan EMI calculator assists in effective planning and ensures a smooth journey towards owning your dream home.

20 lakh home loan EMI for 20 years PNB

If you’ve been contemplating buying a new home, PNB’s 20 lakh home loan might be just the solution you need. The PNB home loan interest rate for 20 lakh ranges from 10.05% to 11.60% and is structured to make homeownership attainable. Moreover, with flexible repayment options, you can customize your 20 lakh home loan EMI PNB to fit your financial circumstances.

20 lakh PNB home loan: Fees and Charges

Good news for potential borrowers: the 20 lakh PNB home loan comes with an attractive offer; no processing and document charges are applicable until 31st March 2024. This is a wonderful opportunity to save on upfront costs during your home loan journey.

20 lakh PNB home loan: Documents Required

• Address proof: Telephone Bill, Ration Card, Aadhar card, Passport, Driving License, Election Card, or any other government-issued document
• Age Proof: Passport, PAN Card, or any other certificate issued by a statutory authority
• Income Proof:
• (For salaried applicants) Salary slips of the last 3 months 
• (For self-employed applicants) Proof of income from business and Income Tax Returns 

20 lakh PNB home loan: Eligibility Criteria

To qualify for a 20 lakh home loan PNB, various professionals, including public salary earners, entrepreneurs, agriculturists, and self-employed individuals, must have a regular income. Notably, government employees and pensioners can also apply. 

Salaried Applicants

• Age: Applicant must be at least 21 years old at the time of commencement of the loan. Age should not exceed 70 years at the time of the maturity of the loan.
• Residency: Permanent resident of India.
• Work experience: Minimum 3 years of work experience.
• Salary: INR 15,000 per month or more
• Loan amount: INR 8 lakh onwards
• Tenure: Up to 30 years
• LTV: Up to 90%
• Required Credit Score: 611+

Self-Employed Applicants and Business Owners

• Age: Applicant must be at least 21 years old at the time of the commencement of the loan. Age should not exceed 70 years at the time of the maturity of the loan.
• Residency: Permanent resident of India.
• Work experience: At least 3 years of business continuity.
• Loan amount: INR 8 lakh onwards
• Tenure: Up to 20 years
• LTV: Up to 90%
• Required Credit Score: 611+
• Additional: You apply for income tax returns.