25 Lakh Home Loan PNB

Embarking on your home-buying journey can be exhilarating, and Punjab National Bank (PNB) makes it easier with the PNB 25 lakh home loan. Tailored to meet your financial needs, this loan is your gateway to securing your dream home.

PNB offers a competitive PNB home loan interest rate of 25 lakh, ensuring that your dream home is not just a dream but a reality within reach.

The loan is designed with flexible EMI for 25 lakh home loan PNB options, catering to both short-term and long-term financial plans. With clear-cut 25 lakh home loans for 10 years PNB and 25 lakh home loan for 20 years PNB plans, the bank positions itself as a reliable partner in fulfilling your homeownership dreams.

The bank ensures that, with competitive PNB home loan 25 lakh EMI rates, your journey to owning a home is both affordable and fulfilling.

25 lakh Home Loan PNB: Highlights

FEATURE	DETAIL
Loan Amount	₹25,00,000
PNB home loan interest rate for 25 lakh	8.50%
Tenure	Up to 30 years
25 lakh home loan eligibility PNB	Simplified eligibility criteria

25 lakh home loan for 10 years PNB

Opting for the 25 lakh home loan for 10 years PNB provides a balanced approach to home financing. This option suits those who prefer a quicker repayment period. With an EMI of approximately ₹30,996, calculated at an 8.5% interest rate, you commit to a total repayment of ₹37,19,571.

This plan is ideal if you are looking for less interest accumulation over time and are comfortable with a higher monthly outflow. It is a suitable choice for individuals with a stable income who can manage higher monthly payments without straining their finances.

By choosing this plan, you gain equity in your home faster, leading to earlier ownership and less total interest paid over the loan’s life.

25 lakh home loan for 20 years PNB

The 25 lakh home loan for 20 years PNB is tailored for long-term financial planning. This option significantly reduces your monthly EMI to ₹21,696, making it a feasible choice for those who prefer a lower monthly financial commitment.

The total amount payable over 20 years amounts to ₹52,06,939. While the total interest paid is higher compared to a 10-year plan, this option offers greater flexibility in managing your monthly budget. It is particularly beneficial for young professionals or families who anticipate growth in their income over time, allowing them to manage current expenses comfortably while investing in a home. 

25 lakh PNB home loan: Fees and Charges

When you apply for a 25 lakh PNB home loan, it is crucial to consider the associated fees and charges. The processing fee for the PNB housing loan for 25 lakh is kept minimal, making it an economical choice compared to many other lending options. This low processing fee is a significant advantage, reducing the initial cost of obtaining the loan.

Additionally, PNB ensures that there are no hidden charges, providing a transparent borrowing experience.

25 lakh PNB home loan: Documents Required

For a 25 lakh home loan from PNB, prepare the following documents:

• Address proof: Telephone Bill, Aadhar card, Ration Card, Passport, Driving License, Election Card, or any other certificate from the Statutory Authority
• Age Proof: PAN Card, Passport, or any other certificate from a Statutory Authority
• Income Proof: salary slips of the last 3 months (for salaried applicants) or Income Proof for business and ITR (for self-employed applicants)

25 lakh PNB home loan: Eligibility Criteria

The 25 lakh home loan eligibility PNB requirements are as follows: 

Salaried Applicants: 

• Age: 21–70 years
• Residency: You should be a permanent resident of India.
• Work experience: Minimum work experience of 3 years.
• 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

• Age: 21–70 years
• Residency: You should be a 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.