35 Lakh Home Loan PNB

Are you thinking of home renovation, home construction, or purchasing your dream house? It can never be as easy as applying for a home loan from PNB, where the PNB 35 lakh home loan comes with low interest rates, a long tenure, and affordable EMIs. Whether you are salaried or self-employed, you can avail of the PNB housing loan for 35 lakh at floating interest rates, which may differ depending on your credit rating.

The PNB home loan interest rate for 35 lakh is linked to its benchmark rate, PNBHFR, and with effect from April 10, 2024, the rate of interest can be as low as 8.50%–8.80%. Applying for a 35 lakh home loan from PNB can fetch great deals, especially if your credit score is more than 750 or the primary applicant is a female.

35 lakh Home Loan PNB: Highlights

Let us look at some of the key highlights of the PNB 35 lakh home loan:

Rate of Interest	If the credit score is >800 to 825, the interest rate can be 8.5% to 9% for salaried employees or 8.9% to 9.4% for non-salaried employees.
Tenure	15-20 years
Customer Service	24×7
Pre-payment charges	Nil

35 lakh home loan EMI for 10 years PNB

You can use the PNB 35 lakh loan EMI calculator to calculate the interest amount, total amount payable, and monthly EMI for 10 years.

Using the calculator, you can input the following values:

• Loan Amount: INR 35,00,000
• Rate Of Interest: 8.5 %
• Loan Tenure: 10 Years

The outcome will be:

• Your 35 lakh home loan EMI will be INR 43,395. You can reduce the monthly PNB 35 lakh home loan EMI amount by increasing the loan tenure.
• Interest amount: INR 17,07,399
• Total amount payable: INR 52,07,399

35 lakh home loan EMI for 20 years PNB

You can use the 35 lakh loan EMI calculator PNB to calculate the interest amount, total amount payable, and monthly EMI for 20 years.

Using the calculator, you can input the following values:

• Loan Amount: INR 35,00,000
• Rate Of Interest: 8.5 %
• Loan Tenure: 20 Years

The outcome will be:

• Your EMI for 35 lakh home loan PNB will be INR 30,374. 
• Interest amount: INR 37,89,715
• Total amount payable: INR 72,89,715

35 lakh PNB home loan: Fees and Charges

Here are some details about the charges associated with a 35 lakh PNB home loan:

• Loan Processing Charges: up to 0.50% of loan plus applicable service tax
• Foreclosure charges: Zero prepayment and foreclosure charges

35 lakh PNB home loan: Documents Required

Both salaried and self-employed applicants must submit:

• Application form along with latest photographs
• Address Proof: Driving License, Aadhar card, Ration Card, Passport, Telephone Bill, Election Card, or any other certificate issued by a Statutory authority
• Age Proof: PAN Card, Passport, or any other government-issued certificate
• Income Proof:
• (For Salaried Applicants): Salary slips of the last 3 months
• (For Self-Employed Applicants): Income proof for business and ITR

35 lakh PNB home loan: Eligibility Criteria

Explore the prerequisites for eligibility in obtaining a 35 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: INR 8 lakh onwards
6. Tenure: Maximum tenure of 30 years
7. LTV: 90% or more
8. Credit Score Requirement: 611+

Self-Employed Applicants:

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.
8. Additional: You apply for income tax returns.