Home Loan EMI Calculator

PNB HOUSING FINANCE

1. HOME LOAN ELIGIBILITY

• Age: The applicant must be at least 21 years old and should not exceed 70 years of age at the time of loan maturity.

• CIBIL Score: A minimum score of 611 is required.

• Income: A minimum monthly salary/income of Rs. 15,000 is necessary for salaried applicants.

• Experience: Applicants must have at least 3 years of work experience for salaried individuals, or 3+ years of business continuity for self-employed individuals.

• Nationality: Only Indian citizens are eligible to apply.

2. HOME LOAN CHARGES

• Processing Fees: Competitive fees are charged for processing the loan.

• Bounce Charges: Applicable fees for loan amount bounce are as follows:

• For loan amounts up to Rs. 15 lakh: Rs. 500

• For loan amounts from Rs. 15,00,001 to Rs. 30,00,000: Rs. 1,000

• For loan amounts from Rs. 30,00,001 to Rs. 50,00,000: Rs. 1,500

• For loan amounts from Rs. 50,00,001 to Rs. 1 crore: Rs. 2,000

• For loan amounts above Rs. 1 crore: Rs. 3,000 to Rs. 10,000 depending on the loan amount.

• Penal Interest:Up to 24% per annum on overdue amounts.

• Foreclosure Charges:Nil (no charges for foreclosure of loans).

• Part-Prepayment Charges:Nil for individual customers.

3. HOME LOAN INTEREST RATES

• Interest Rates for Salaried Individuals: Starting from 8.50% p.a.

• Interest Rates for Self-Employed Individuals: Starting from 8.80% p.a.

• Interest Rate for Fixed Loans:14.75% p.a.

• Rates Based on CIBIL Score (for amounts up to Rs. 35 lakh):

• Score 825 & above: 8.5% to 9% for salaried, 8.8% to 9.3% for non-salaried.

• Score 800 to 825: 8.8% to 9.3% for salaried, 8.95% to 9.45% for non-salaried.

• Score 775 to 799: 9.1% to 9.6% for salaried, 9.65% to 10.15% for non-salaried.

• Score 725 to 750: 9.55% to 10.05% for salaried, 10.25% to 10.75% for non-salaried.

• Score below 650: 10.25% to 10.75% for salaried, 10.75% to 11.25% for non-salaried.

Note: Interest rates are subject to change at the discretion of PNB Housing Finance.

4. DOCUMENTS REQUIRED FOR HOME LOAN

For Salaried Individuals:

• Proof of identity (e.g., Passport, PAN card).

• Proof of address (e.g., utility bills, election card).

• Latest salary slips (last 3 months).

• Bank statements (last 6 months).

• Application form with a photograph.

• Processing fee cheque.

For Self-Employed Professionals/Individuals:

• Proof of identity and address.

• Latest Income Tax returns for the last 3 years.

• Audited balance sheets and profit/loss statements for the last 3 years.

• Bank statements for the last 12 months.

• Business profile and existence proof.

• Application form with a photograph.

• Property title documents or approved plan copy.

5. FEATURES & BENEFITS OF HOME LOAN

• Attractive Interest Rates: Home loans starting from 8.50% p.a.

• Flexible Loan Tenure: Up to 30 years repayment period.

• High Loan-to-Value Ratio: Finance up to 90% of the property value.

• Easy Process: Simple application process with personalized doorstep services.

• Quick Sanctioning: Loans are approved promptly for home purchases, renovation, construction, and extension.

• Low Processing Fees: Competitive processing charges to reduce loan cost.

• Post-Disbursement Services: Convenient post-disbursement services via an online portal.

• Customizable Products: Loan options for home purchase, construction, renovation, and more.