30 Lakh Home Loan PNB

In a country where homeownership is not just a personal goal but also a cultural milestone, the surging real estate prices often render it a distant dream for many. This is where the instrumental role of home loans comes into play.

To fulfil your dream of owning a home, Punjab National Bank offers several home loan plans with competitive interest rates, flexible repayment options, and a nationwide network of branches. The 30 Lakh Home Loan from PNB is popular among aspiring homeowners. 

30 Lakh Home Loan PNB – Highlights 

Take a look at the key highlights of the 30 Lakh Home Loan from Punjab National Bank:

Interest Rate	Floating Interest Rates range from  8.40% to 10.25% p.a. Fixed Interest Rates range from  9.40% to 11.75% p.a.
Loan Amount	Depends upon the eligibility of the borrower
Tenure	Up to 30 years
Processing Charges	Exemption till 31st March 2024

30 Lakh Home Loan EMI For 10 Years PNB 

Calculating your EMI may seem daunting, but with a 30 lakh loan EMI calculator, you can calculate your 30 lakh home loan EMI seamlessly.

At the lowest PNB home loan interest rate for a 30 Lakh loan, your projected EMI for a 10-year tenure would be ₹37,196. Within this estimate, the interest accrues to ₹14,63,485, resulting in a total payable amount of ₹44,63,485.

30 Lakh Home Loan EMI For 20 Years PNB

Concerned about your budget with an impending EMI?  The PNB home loan 30 lakh EMI calculator takes the guesswork out and allows you to calculate your EMI effortlessly.

At PNB’s lowest interest rate, your monthly commitment could sit comfortably around ₹26,035. In this scenario, the estimated interest amounts to ₹32,48,327, resulting in a total payable amount of ₹62,48,327 for your 30 Lakh Home Loan EMI over 20 years with PNB.

30 Lakh PNB Home Loan – Fees and Charges

Banks engage in legal activities such as document verification and inspection as part of home loan processing. Punjab National Bank imposes a home loan processing fee, capped at 1%.

30 Lakh PNB Home Loan – Documents Required 

To complete your home loan application, the bank requires the following documents from the borrower. 

1. Address Proof: Aadhar card, passport, driver’s licence, phone bill, Ration card, election card, and any other statutory authority certificate.
2. Age Proof: Passport, PAN card, or any other legally required document.
3. Proof of Income: Salary slips from the previous three months for salaried workers. ITRs and audited balance sheets (if applicable) for the past two years of company or activity are required for self-employed individuals.

30 Lakh PNB Home Loan – Eligibility Criteria 

Explore the prerequisites for eligibility in obtaining a 30 Lakh Home Loan from PNB:

Salaried Applicants:

1. Age: 21 years to 70 years
2. Residency: Applicants must be permanent residents of India.
3. Work experience: Three years of minimum work experience is needed.
4. Minimum salary: INR 15,000 or more per month is the minimum necessary.
5. Loan Amount: starting at INR 8 lakh
6. Tenure: Maximum tenure of 30 years
7. LTV: 90% or more
8. Credit Score Requirement: 611+

Self-Employed:

1. Age: 21 years to 70 years
2. Residency: You should be a permanent resident of India.
3. Work Experience: You should have at least 3 years of business continuity.
4. Loan Amount: INR 8 Lakh onwards.
5. Tenure: Up to 20 years.
6. LTV: Up 90%
7. Credit Score Requirement: A minimum credit score of 611 is needed to apply for a Home Loan.