55 Lakh PNB Home Loan

Home Loan By Profession
Home Loan By Scheme
Home Loan By Amount
Home Loan By Property
Home Loan By Other

PNB Housing Finance can be your partner in achieving homeownership with their ₹55 lakh loan option. This substantial amount can help you finance a significant portion of your desired property. Their home loans cater to salaried individuals and self-employed applicants. PNB offers flexible repayment plans for up to 30 years, allowing you to choose a comfortable EMI option. Whether you’re a first-time homebuyer or looking to upgrade, a ₹55 lakh PNB home loan could bridge the gap to your dream home. Explore the details and see if this aligns with your financial goals.

Get in Touch for Home Loan Expert Advice

Connect with our Home Loan Advisor Now!

Personalized Home Loan solutions
Expert guidance
Application assistance
Credit score discussion
Home Loan Interest rate comparison

Full Name *

+91Mobile No. *

Search City *

Choose City

Choose Loan Type *

I agree to the Terms and Conditions of TUCIBIL and hereby provide explicit consent to share my Credit Information with Urban Money Private Limited.

Terms and Conditions

CONSENT IN RELATION TO ACCESS TO CREDIT INFORMATION THROUGH Equifax

End-user (customer)hereby consents to Loantap financial technology being appointed as your authorized representative to receive your Credit Information from Equifax on an ongoing basis until the purpose of Credit Risk Assessment. is satisfied or the expiry of 6 months from the date the consent is collected; whichever is earlier.

This End User Agreement (the “Agreement” ) is made between you (the “User” or “You” ) and Urban Money Private Limited hereinafter referred to as “URBAN MONEY ”, a private limited company having its registered office at 1st Floor, Tower A, M3M Urbana Business Park, Sector 67, near M3M Urbana, Gurugram, Haryana 122001. (“Urban Money ”, “Us” or “We”, which term shall include its successors and permitted assigns). The User and URBAN MONEY shall be collectively referred to as the “Parties” and individually as a “Party”.

55 Lakh Punjab National Bank Home Loan EMI Calculator

Loan Amount

₹

5 Lac
20 Cr

Loan Tenure

Years

Rate Of Interest

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹55,00,000

Interest Payable

Total Amount Payable

Table of Content

1. 55 Lakh Home Loan From Punjab National Bank Highlights

2. 55 Lakh Home Loan EMI For 5 Years From PNB Bank

3. 55 Lakh Home Loan EMI for 10 years From PNB Bank

4. 55 Lakh Home Loan EMI For 15 Years From PNB Bank

5. 55 Lakh Home Loan EMI for 20 years From PNB Bank

6. 55 Lakh Home Loan EMI For 25 Years From PNB Bank

7. 55 Lakh Home Loan EMI For 30 Years From PNB Bank

8. 55 Lakh PNB Home Loan Fees and Charges

9. 55 lakh PNB Home Loan Documents Required

10. 55 lakh PNB Home Loan Eligibility Criteria

Written By

Amrita Sinha

Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Last Updated: 19th November 2024

55 Lakh Home Loan From Punjab National Bank – Highlights

Features	Description
Who Are Eligible?	Indian residents with 3 years of work experience
Maximum Loan Amount	Up to ₹5 Cr (may vary depending on property value, income, and creditworthiness)
Loan Tenure	Up to 30 years
Margin	Up to 10% (may vary depending on loan amount and LTV ratio)
Upfront Fee	Processing Fee: 0.50% of loan amount
Collateral/Security	Equitable mortgage of the property being purchased

55 Lakh Home Loan EMI For 5 Years From PNB Bank

The following table showcases the EMI for 55 Lakh home loan for 5 years at 8.5% p.a interest rate.

Loan Amount	Rs. 55 Lakhs
Rate of Interest	8.50%
Loan Tenure	5 Years
EMI	Rs. 1,12,841
Interest Payable	Rs. 12,70,460
Total Amount Payable	Rs. 67,70,460

55 Lakh Home Loan EMI for 10 years From PNB Bank

Loan Amount	Rs. 55 Lakhs
Rate of Interest	8.50%
Loan Tenure	10 Years
EMI	Rs. 68,192
Interest Payable	Rs. 26,83,040
Total Amount Payable	Rs. 81,83,040

55 Lakh Home Loan EMI For 15 Years From PNB Bank

The following table showcases the EMI for 55 Lakh home loan for 15 years at 8.5% p.a interest rate.

Loan Amount	Rs. 55 Lakhs
Rate of Interest	8.50%
Loan Tenure	15 Years
EMI	Rs. 54,161
Interest Payable	Rs. 42,48,980
Total Amount Payable	Rs. 97,48,980

55 Lakh Home Loan EMI for 20 years From PNB Bank

Loan Amount	Rs. 55 Lakhs
Rate of Interest	8.50%
Loan Tenure	20 Years
EMI	Rs. 47,730
Interest Payable	Rs. 59,55,200
Total Amount Payable	Rs. 1,14,55,200

55 Lakh Home Loan EMI For 25 Years From PNB Bank

The following table showcases the EMI for 55 Lakh home loan for 25 years at 8.5% p.a interest rate.

Loan Amount	Rs. 55 Lakhs
Rate of Interest	8.50%
Loan Tenure	25 Years
EMI	Rs. 44,287
Interest Payable	Rs. 77,86,100
Total Amount Payable	Rs. 1,32,86,100

55 Lakh Home Loan EMI For 30 Years From PNB Bank

The following table showcases the EMI for 55 Lakh home loan for 30 years at 8.5% p.a interest rate.

Loan Amount	Rs. 55 Lakhs
Rate of Interest	8.50%
Loan Tenure	30 Years
EMI	Rs. 42,290
Interest Payable	Rs. 97,24,400
Total Amount Payable	Rs. 1,52,24,400

Pro Tip : Get instant EMI estimates with PNB Home Loan EMI Calculator.

55 Lakh PNB Home Loan – Fees and Charges

Fee/Charge	Estimated Cost
Processing Fee	0.50% of the loan amount

55 lakh PNB Home Loan – Documents Required

Applicant Documents:

Duly filled Loan Application Form: Obtained from the bank.
Photographs: Passport-sized recent photographs of all applicants.
Identity Proof: Documents like PAN Card, Passport, Voter ID Card, and Aadhaar Card (mandatory for loans above ₹10 lakh).
Residence Proof: Similar documents are needed for identity proof (rental agreement, if applicable).
Age Proof: PAN Card, Passport, or other documents issued by a government authority.
Educational Qualification Proof: Though not always mandatory, it may sometimes be requested.

Income Documents (Salaried Individuals):

Salary Slips: The last 3 months’ salary slips with deductions mentioned.
Form 16: Most recent Income Tax Return (ITR) acknowledgement and Form 16.
Bank Statements: The bank statements for the last 6 months show salary credits.

Income Documents (Self-Employed Individuals):

Proof of Business: Business registration documents, licenses, etc.
Income Tax Returns: ITRs with audited financial statements for the past 3 years.
Bank Statements: The bank statements for the last 6 months show business income.

Property Documents:

Sale Deed or Agreement: Original documents for the property being purchased.
No Objection Certificate (NOC): From housing society or relevant authorities.
Property Tax Receipts: Up-to-date property tax receipts.
Building Approvals and Completion Certificates: If applicable for new constructions.
Encumbrance Certificate: Verifying the property is free from legal or financial claims.

Additional Documents:

Processing Fee challan (if applicable).
Co-applicant documents (if applicable) follow the same pattern.

55 lakh PNB Home Loan – Eligibility Criteria

Minimum Age: 21 years at application, shouldn’t exceed 70 years at loan maturity
Residency: Permanent resident of India
Minimum Credit Score: 611 (higher score leads to better interest rates)
Work Experience:
- Salaried: Minimum 3 years
- Self-employed: Minimum 3 years of business continuity
Minimum Salary: ₹15,000 per month (though higher income may be needed for a ₹55 lakh loan)
Loan Tenure: Up to 30 years
Loan-to-Value (LTV): Up to 90% of the property’s market value (meaning you might need a down payment of 10%)

Frequently Asked Question (FAQs)

What is the EMI for a 55 lakh Home Loan for 20 years in PNB?

The estimated EMI for a 55 lakh home loan over 20 years at an 8.5% annual interest rate is approximately ₹47,730 per month.

Who is eligible for a 55 lakh Home loan in PNB?

Eligibility depends on the applicant’s income, age, qualifications, number of dependents, co-applicants income, assets, liabilities, occupation stability, and savings history.

What is the monthly interest rate of 55 lakh home loans in PNB?

The monthly interest rate for an 8.5% annual rate is approximately 0.708% per month.

Quick Links

Loan Offers By Punjab National Bank's

Home Loan by Nationalized Bank

Home Loan Calculators

Punjab National Bank Calculators