Loan Application
  • Over 15,000+ Satisfied Customers
  • Google Rating - 4.8/5
  • 10+ Years in Operation
  • Over 250+ Cr. Disbursed Annually
  • 35+ Banks & NBFCs
  • 1030 Google Reviews

Punjab National Bank Home Loan - Frequently Asked Questions

Who Is Eligible For A Housing Loan?
Individuals in the age group 18-70 years having regular income wishing to own residential properties in India are eligible to avail Housing Loan.
What Is The Maximum Amount Which One Can Get As Housing Loan?
For Construction, addition or purchase of new/old house/ flat- Need Based, no upper cap.
For Land/Plot - Rs.50 lac
(Rs 100 lac in Metros/ State Capitals by CH only)
(Rs 300 lac in all centers by ZM only)
(Rs 500 lac in Metros/ State Capitals by ZM only in cases where land is allotted by State Development Authorities/ Housing Boards)
For Repair/Renovation/ alterations - Max Rs.25 lac
For Furnishing- 10% of loan amount max Rs.5 lac
How Much Applicant Has To Contribute From Own Sources To Get Housing Loan?
Following are the minimum amount one has to contribute:
For loans upto Rs.75.00 lac - 20%
For loans above Rs.75.00 lac - 25%
For Land/Plots - 25%
What Is The ROI At Present?
At present under floating option Bank is financing at (MCLR 1 Year+0.05%) for Housing loans (presently 9.45%). Under fixed option ROI is fixed at rates higher by a fixed spread of 50 basis points with reset clause of five years. 0.50 % extra will be charged on H/L for 3rd House under CRE.
Option can be changed from fixed to floating and vice versa with flat charges of 2% fee on Balance outstanding.
How Does One Benefit If The Interest Is Calculated On A Daily Reducing Balance?
On the annual reducing balance method, you will continue to pay interest on amounts you repay during the coming one year as the interest for the year is determined on the basis of the balance outstanding at the beginning of the year.
In the case of the daily reducing balance, which is the methodology we employ, your interest is calculated only on the outstanding loan amount, which reduces every time you pay off your EMIs or make any prepayments. This in essence lowers your effective rate of interest significantly
Can One Get An In-Principle Approval And Actually Avail Of The Loan Later?
Before you choose the house you want to buy, we give you an in principle approval based on your income and repayment capacity. This makes the entire process of identifying and buying a house easier and more flexible. You won`t be under pressure to identify a house as you know how much funds the bank would make available to you.
And How Long Is This Approval Valid?
This in-principle approval is valid for 6 months to give you sufficient time to choose a flat/house of your choice.
How Long Does It Take To Get One’s Loan Sanctioned?
Your loan can get sanctioned in 3 to 7 working days after completion of all the desired formalities by you.
What Will Be The Repayment Period Of Housing Loan?
You will get the housing loan for a maximum period up to 30 years, inclusive of moratorium period, if any, or upto your age of 70 years, whichever is earlier. The Bank may, at its discretion, subject to maximum repayment period of 30 years, permit the repayment
upto your age of 70 years. Moratorium or repayment holiday may be permitted where the house is constructed till completion of construction or 18 months (6 months in case of repair/renovation/addition/ alteration) from the date of disbursement of first installment of the loan, whichever is earlier.
However, in case of finance for under construction house/ flat from Private builders, maximum moratorium of 36 months or possession whichever is earlier may be permitted subject to monthly servicing of interest.
In case of joint-borrowers, the repayment period is fixed according to the age of younger borrower, depending upon the repaying capacity.
Can Housing Loan Be Given For Purchase Of PLOT?
Yes, it can be given for purchase of Plots (up to 60% of the cost of Plot) for constructing the house building thereon at a later stage. Loan amount for purchase of plot has been restricted to 60% of housing loan eligibility.
Can I Apply Jointly With My Spouse? Will Both Our Salaries Be Taken Into Consideration For Calculating The Repaying Capacity?
Yes, your salaries can be clubbed for the purpose of calculation of the repaying capacity. This can be done either when the property is jointly held with the spouse or the spouse stands as a coborrower.
Besides, income of parents and earning children (whether married or unmarried) is also taken into account for determining the income for the purpose of applicant borrower`s repaying capacity. In such cases, they are made co-borrowers.
Thus, we ensure a great deal of flexibility in the entire exercise of financing your house.
What Security Do I Have To Furnish?
PNB requires mortgage of the property for which the loan is being taken. Where mortgage can`t be provided, other tangible security needs to be provided. The title of the property should be clear, for which a certificate would be required from the Bank`s
approved advocate, safeguarding your interests as well as Bank`s interests.
In case mortgage cannot be created immediately in situations like house/flat is being purchased/allotted by the Housing Board, Development Authorities or Co-operative Society/Builder, and title/conveyance deed are executed in favour of purchaser only
after completion of construction & possession/ making full payment of the cost of house/flat, a stamped Tripartite Agreement is executed amongst Housing Board/Development Authority/Cooperative Society/ Builder, the intending borrower and the Bank before release of the loan. To secure such loan, GUARANTEE of person(s) acceptable to the Bank is also obtained.
In Case Funds For Accommodation Of Housing Property Have Already Been Raised By Me, Can The Additional Loan On Pari Passu Or 2nd Charge Basis Be Sanctioned To Me By PNB?
Yes, the facility is available (Max. Rs.20.00 lac) for confirmed employees of Central/ State Govt./ PSUs, who might have raised funds for construction/ acquisition of house/ flat from their employer
What Are The Processing Fees Charged By The Bank?
A very nominal upfront fee of 0.50% (Max. Rs.20,000/-) is charged by us for loan amount of up to Rs.300 lac. For loans above Rs.300 lac a flat upfront fee of Rs.50000/- is charged (Plus taxes as applicable).
What Are Other Charges I Have To Pay?
Documentation charges of R.1350/- plus all other out of pocket charges viz. CIBIL, Advocate fee, Valuation charges, Central Registry etc.
What Is EMI?
EMI stands for Equated Monthly Installments. Such installment comprises of both principal and interest component.
Can I Prepay The Loan? Are There Any Charges?
Yes, you can prepay the loan at any stage without any charges on loans sanctioned on Floating rate of interest. In case of loans sanctioned at fixed rate of interest there are no charges in case it is pre-paid from your own sources. However, prepayment charges of 2% are levied in case of shifting of Housing Loan A/c by takeover to other banks/ housing finance institutions. You can also deposit more than your EMI amount into your loan account and bring down your interest burden as and when funds are available with you.
Where Can I Avail PNB Housing Loans?
You can contact any of the PNB branches for availing Housing loan.
If I Have Funds, Is It Still Worthwhile To Avail Of A Bank Loan For Buying A House?
It is generally advantageous to take a Housing loan as it would enable you to get tax exemptions. However, please consult your CA/ income tax advisor to know benefits in your specific case.
What Are The Tax Benefits Of Taking PNB Housing Loan?
Under the Indian Income Tax Act of 1961, resident Indians are eligible for certain tax benefits on principal and interest components of a loan.
Under Section 24(1), interest repayment of Rs.2, 00,000/- per annum qualifies for tax saving under the new Finance Act. An added benefit under Section 80(c) on repayment of principal amount to the extent of Rs.1, 50,000/- is also available on the same loan subject to
compliance with conditions stipulated in the IT Act.
Recently Government has also announced an additional rebate of Rs.50000/- on interest on fresh H/Loans for sanction this year only.
How Does PNB Housing Loan Compare With Those Offered By Other Institutions?
There is total transparency with regard to the rate of interest and the fees charged by us.
You pay substantially less in repayments as compared to others.
We have no upper limit. The loan amount is determined by repaying capacity and the value of property to be financed.
We offer loans for the longest tenors (up to 30 years) with the flexibility to pre-pay the loan without any charges/penalty.
We provide finance for both new and old houses/flats and for construction of houses.
Cost of furnishing the house can also be included in the project cost.
With PNB Housing Loan, you can choose between fixed rates of interest and floating interest rates.
We levy interest based on daily reducing balance, unlike the annual/monthly reducing balance method used by several other financiers/banks and accordingly actual effective rate of interest is much less when compared to other banks.
You can also avail Overdraft facility upto Rs.25.00 lac for personal need over & above your Housing Loan from day one. *
Top up loan is available after three years under Flexible Housing Loan Scheme of the Bank.* Under this variant Flexibility to avail Housing loan in shape of Term Loan & Overdraft under Flexible Housing Loan variant (80%-T/Loan & 20%-OD), where OD component is proportionately increased which is equivalent to reduction in term loan component after three years. Besides, borrowers are entitled to 20% increase in the original total limit sanctioned after a lapse of five years.
Are NRIs Are Also Eligible For Housing Loan From PNB?
Loan to NRI/ PIOs is also available for acquisition/construction/repairs/ renovation/improvement of flat/house to be owned in their names. NRIs/PIOs in India as also for the purpose of purchase of plot. This flat/house, acquired by utilization of the loan, can be used for self occupation/letting out. Loan can also be considered where NRI/PIO is a principal borrower with resident close relative(s)
What Are The Documents Required By PNB At The Time Of Applying Housing Loan?
While applying for housing loan, you are required to furnish the following information/ documents:
Loan application form, duly completed, with Photograph.
Identity Proof
Address/ Residence Proof
Age Proof
Education Qualification Proof
Income Proof:
Salaried Class : Salary Certificate issued by the employer (indicating gross and net salary), Income Tax Return, Bank Statement of Salary account for last six months.
Agriculturist: Record of land holding and cropping pattern or any other proof of income.
For all other individuals : Last 3 years Income Tax Returns or Assessment Order and Computation of Income Statement; Bank Statement of Account for last six months.
Income Proof of spouse/ earning children/ co-borrowers (if applicable).
Undertaking of the borrower/co-borrower as to whether he/she owns residential property in his/her name.
Any other document which may be necessary as per requirement of the case.

Punjab National Bank Home Loan in Delhi NCR through LoanMoney

Apply for Personal Loan, Home Loan, Business Loan & Loan Against Property in Delhi & NCR through LoanMoney

Home Loan in Delhi/NCR through LoanMoney

Home Extension Loan is useful when you want to add more space to your existing home. We make it easy for you to extend your existing residential property as per your requirements. You often renovate your home to suit your changing needs. This loan can be used to carry out repairs / improvements within your existing owned residential properties.

Read More
Personal Loan in Delhi/NCR through LoanMoney

Personal loans are taken primarily for fulfilling your personal aspirations such as vacation, a perfect wedding, home renovation or a much desired gadget. In addition to being relatively easy to apply for, personal loans are unsecured loans which means that you don't need any collateral to take this loan. They are one of the simplest form of loans with customer-friendly repayment terms.

Read More
Loan Against Property in Delhi/NCR through LoanMoney

A sudden requirement of funds is an unavoidable circumstance of business or personal life. Whether a personal necessity (hospitalization, child's marriage) or a professional one (expanding business operations on a priority basis), every person requires immediate financial backing at key moments.
In this context, it is pertinent to consider an invaluable alternative source of finance known as Loan Against Property (LAP). This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinizing the validity of the said property and its current market value.

Read More
Business Loan in Delhi/NCR through LoanMoney

Running a business is not easy. You have to constantly think of ways and means to keep it going and growing. As a part of the growth plan, you require financing for expanding operations or to buy new equipment or inventory or simply increase the working capital. To help you with your financing needs we offer Business Loans that will help your business grow.

Read More
About LoanMoney, Delhi

LaonMoney is an Authorized Direct Selling Agents of various National, Multinational and Non Banking Financial Companies for promoting their sales for asset division. Feel free to contact us at info@loanmoney.in or +91-8130 222 111 for Transparent and Fastest Processing of Loan.

Why LoanMoney?
# Secured and unsecured Fundings
# Over 21 bank and other financial institutions.
# CORPORATE Direct Associates of All MNC, Pvt Banks, NBFC.
# Personal Loans, Loan Against Property, Home Loans, Business Loans
# Team of expert CA , Ex Bankers, Field Support

LoanMoney deals in ..
# Home loans - Residential/ Commercial/ Industrial - Purchase /Reconstruction / Plots
# Loan Against Property - Residential / Commercial / Industrial
# Business Loans - Unsecured Overdraft / Term Loan / Against Credit Card Swipe
# Personal Loan - Against Salary /Professional Receipts Doctor/ CA/Engg
# Working Capital for SME - Overdraft/ Cash Credit / Term Loan /Export Funding/ Non Funded
# Machinery / Equipment Loans - Medical/ Construction/ Vehicles
# Educational/ Hospital Institutions Loans to Trust/ Society

Contact Now
Loan Application


It is a type of unsecured loan and helps to meet your current financial needs. You don't need any security/collateral while availing it. Personal Loan is your solution for instant cash and can be used for travelling, wedding, medical emergency, home renovation, or anything else.


Home Loan is a Secured loan offered against the security of a house/property which is funded by the banks and NBFCs the property could be a personal property or a commercial one. Home loans consist of an adjustable or fixed interest rate and payment terms.


Loan Against Property belongs to the secured loan category where the borrower gives a guarantee by using his property as security. Banks and financial institutions offer this LAP, which can either be a residential/commercial building or a piece of land.


A Business Loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. Banks and other financial institutions are there to provide you with suitable lending assistance.

Different Purposes for Personal Loan through LoanMoney

Marriages are made in heaven and its celebration is one of the happiest and memorable events for married couples and their families. Wedding loan is available to people looking to meet their wedding expenses in order to make the wedding a grand success.
A Medical Loan is extended by a bank or a financial institution under the category of personal loans. A medical loan can be used for multiple emergency purposes such as an operation, surgery, procedure, therapy or for any concern related to health.
Balance transfer is the process where a customer transfers his outstanding principal amount to another bank or financial institute primarily for a better rate of interest and also for better features. Balance transfer reduces your interest rates and finally ensure saving.
The Credit Card Payment Loan is designed to allow you to take control of your finances and pay your credit cards off faster. This is made possible by consolidating your high-interest card balances into one monthly payment at a fixed rate and term.
The Education Loan aims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. Students enrolled in career-oriented courses e.g. medicine, engineering, management etc, can avail this.
Travel loan is a kind of Personal Loan that you can apply while planning a travel. It can help to cover the costs associated with your holiday, such as airfares, accommodation, hotel fares, tour packages, travel gears/accessories, or any other type of expenses associated with your travel.
Debt consolidation/ Financial Restructuring is a process to streamline one's financial stability and debt. Thus by consolidating many small debts with one debt, one gets favourable payment off terms and lower burden of EMI.
Home is the place where your story generates. Home Renovation Loans are designed for the purpose of renovating a house and can be taken by a person who owns the property to be renovated.

Disclaimer: LoanMoney is not a Loan Providing Organization. We are facilitating the Loan Process from various Banks & NBFC. The rate, eligibility criteria, term & conditions of various banks are subject to change as per bank discretion. We try our best to keep the data up-to-date, but we can't guarantee the accuracy of data provided in this site. LoanMoney help you to embark on your dream at the right time with many Banks/NBFC's Loan opportunities available! Follow a few simple steps to help LoanMoney team understand your requirements... read more

LoanMoney receives visitor's information and honors their trust. Their data security is paramount to LoanMoney, so COMODO Positive SSL is being implemented to secure their sensitive information. SSL Certificate is important to secure communication between web browser and server.

SSL Certificate
Like/Follow LoanMoney on Facebook Follow LoanMoney on Twitter Read LoanMoney Blog Follow LoanMoney on LinkedIn Watch LoanMoney Videos on Youtube Instagram