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Punjab National Bank (PNB) Loan Against Property
Apply for Loan Against Property(LAP)
Punjab National Bank LAP
Interest Rate
10.4% - 12.75%
Loan Amount
₹2L - ₹5Cr
EMI Per Lakh
₹2,144 - ₹2,263
Processing Fees
Pre-Payment Charges
- For loan upto Rs 50 lakh – Rs 2500/-
Features & Benefits of Punjab National Bank Loan Against Property
One of the top private banks in India, Punjab National Bank, offers loans secured by your residential or business property. The Punjab National Bank offers loans secured by property that allow borrowers to borrow up to 60% of the property’s value. Punjab National Bank provides specialised lending alternatives with affordable interest rates and flexible payback schedules. Given that approval is completed in three days, a loan secured by your property can be the ideal option for all your financial demands. The loan procedure is swift and straightforward, and door-step services are available.
The following is a list of features and benefits of Punjab National Bank LAP include the following:
- Long-term loan with low EMIs
- Favourable interest rates
- Effortless documentation
- Speedy processing
- Mortgages for both residential and business properties
Documents Required for Punjab National Bank Loan Against Property
The paperwork is simple and hassle-free. The following papers must be submitted with the application for a loan from Punjab National Bank secured by real estate:
For Salaried Individuals
A photo-attached application form
A valid residence proof
- Aadhar card
- Ration card
- Telephone bill
- Electricity bill
- Voter ID card
An Identity Proof
- Voter ID
- Driving Licence
- Aadhar card
- Employer’s ID
Income Proof
- Last 6-month bank statement of the account in which salary gets credited
- Last six months salary slip
- Photocopies of the documents of the property one wants to acquire
- 2 years of Form 16
For Self-Employed Individuals
3 years financial statements
Proof of Residence
- Aadhar card
- Ration card
- Telephone bill
- Electricity bill
- Voter ID card
Proof of identity
- Voter ID
- Driving Licence
- Aadhar card
- Employer’s ID
Income Proof
- ITR of last 3 Years with P/L account and audited/certified balance sheet by a CA
- Bank Statement of last 12 months
- Proof and certificate of existence of business with a business profile
- Photocopies of the documents of the property one wants to acquire.
How does the EMI Calculation Work for Punjab National Bank Loan Against Property?
The PNB Loan Against Property EMI Calculator uses data like the interest rate, loan principal, and loan tenure to determine the EMI amount. To utilise the PNB Loan Against Property EMI Calculator, follow these instructions:
- The loan’s principal amount you want to borrow should be entered.
- Enter the interest rate that the provider has quoted.
- Type in the loan term that you want to repay the loan over.
You will be given the required EMI amount once you have submitted the necessary information. The online PNB Loan Against Property EMI calculator is a free resource that can be used repeatedly and in many configurations. Using this EMI calculator, you may quickly come to a decision that fits your needs and budget.
The monthly payment on a mortgaged loan is determined by the type of property (commercial, industrial, or residential), the occupation (employed, self-employed, or businessman), the loan’s tenure, the interest rate, and the loan’s total amount.
Loan Amount (Rs.) |
Tenure of 5 Years | Tenure of 7 Years | Tenure of 10 Years |
20,00,000 | 42,494 | 33,202 | 26,303 |
30,00,000 | 63,741 | 49,804 | 39,454 |
50,00,000 | 1,06,235 | 83,006 | 65,757 |
How does Punjab National Bank compare With Other Lenders?
The table below pertains to Punjab National Bank LAP interest rates compared with other lending institutions:
Name of the Lender | Interest Rate (% p.a.) |
State Bank of India | 10.35-11.05 |
Bank of Baroda | 10.55-16.20 |
PNB Housing Finance | 7.99-11.00 |
IDFC First Bank | 8.75-16.25 |
HDFC | 9.35-12.25 |
L&T Housing Finance | 9.40 |
LIC Housing Finance | 9.45-12.60 |
Godrej Housing Finance | 9.75-14.50 |
ICICI Bank | 9.75-10.90 |
Tata Capital | 10.10 onwards |
Bajaj Housing Finance | 8.60-18.00 |
Axis Bank | 9.90-10.35 |
Kotak Mahindra Bank | 9.15 onwards |
Punjab National Bank Loan Against Property Customer Care Number
Borrowers facing any issues related to Punjab National Bank LAP services can be resolved quickly and hassle-free. Individuals can contact customer care at the below number:
Punjab National Bank customer care number- 1800 120 8800.
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Loan Against Property By Banks
- Bank of Baroda Loan Against Property
- Axis Bank Loan Against Property
- HDFC Bank Loan Against Property
- ICICI Bank Loan Against Property
- Bajaj Finserv Loan Against Property
- IndiaBulls Loan Against Property
- Canara Bank Loan Against Property
- Union Bank of India Loan Against Property
- DHFL Loan Against Property
- CITI Bank Loan Against Property
- YES Bank Loan Against Property
- Federal Bank Loan Against Property
- IndusInd Bank Loan Against Property
- State Bank of India Loan Against Property
- Hero FinCorp Loan Against Property
- IDFC FIRST Bank Loan Against Property
- IDBI Bank Loan Against Property
- Digikredit-SME Corner Loan Against Property
- Kotak Bank Loan Against Property
- Ujjivan Small Finance Bank Loan Against Property
- Muthoot Finance Ltd Loan Against Property
- Shriram Urban Co Operative Bank Limited Loan Against Property
- Godrej Housing Finance Loan Against Property
- Tata Capital Housing Finance Limited Loan Against Property
- Vastu Housing Finance Loan Against Property
- HDFC Sales Loan Against Property
- Capital First Ltd. Loan Against Property
- Home First Finance Company Loan Against Property
- Poonawalla Fincorp Limited Loan Against Property
- Hero Housing Finance Loan Against Property
- Tata Capital Financial Services LTD Loan Against Property
- Clix Capital Loan Against Property
- Aditya Birla Finance Limited Loan Against Property
- Housing Development Finance Corporation Loan Against Property
- L&T Finance Loan Against Property
- HSBC Loan Against Property
- Reliance Capital Loan Against Property
- Fullerton India Loan Against Property
- IIFL Finance Loan Against Property
- InCred Financial Services Loan Against Property
- Piramal Housing Finance Loan Against Property
- Edelweiss Financial Services Loan Against Property
- Aadhar housing Finance Loan Against Property
- DCB Bank Loan Against Property
- Punjab National Bank Housing Finance Loan Against Property
- Capri Global Loan Against Property
- RBL Bank Loan Against Property
- Arka Fincap Limited Loan Against Property
- Cholamandalam Finance Loan Against Property
- Deutsche Bank Loan Against Property
- Emirates NBD Loan Against Property
Punjab National Bank Quick Links
FAQs
From refinancing to reducing your interest, we have the answers right here.
What is a loan's interest rate against property in Punjab National Bank?
Punjab National Bank loan against property offers loans of up to Rs 5 crore for terms up to 10 years, at an interest rate of 10.15% p.a.
What are the benefits Punjab National Bank Provides on loan against property?
The benefits of a Punjab National Bank loan against property are repayment is simple because you can acquire an extended loan term with low monthly payments at a competitive interest rate. The paperwork is simple, uncomplicated, and processed swiftly. Customers who utilise the overdraft facility can pay interest on the amount borrowed.
How to check loans against property Status in Punjab National Bank?
One can check the status of their loan by going to the official website of Punjab National Bank and filling in their application number.
Does Punjab National Bank Check for CIBIL Score to approve a loan against property?
Yes, Punjab National Bank checks for CIBIL Score for loans against property.
What is the maximum and minimum loan against property amount I can get from Punjab National Bank?
Punjab National Bank offers loans against property up to Rs. 5 crores at 10.5% p.a. For a maximum tenure of 10 years.
What KYC documents will I have to submit to apply for a loan against property from Punjab National Bank?
One needs to submit proof of address, proof of identity, and some income proof to apply for the loan.
What is the processing fee on the Punjab National Bank loan against property?
The Punjab National Bank loan processing fee against property is 0.75% (Max Rs 1 lakh).
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