PNB Housing Finance Limited Loan Against Property

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PNB Housing Finance Limited offers loans against properties to its customers helping them financially in planning and making substantial financial investments. These loans may be against residential or commercial properties. The loan value depends on the property value considering 50% of the property cost as per certification of PNBHFL or the repayment capacity, whichever is lower.

At, you can access free-to-use PNB Housing Finance loan against property EMI calculator, check your PNB Housing loan against property eligibility, compare loan against property interest rates in PNB Housing Finance. You can apply for loan against property online at our website.

Eligibility criteria for the loans against property

These loans can be opted for by both the salaried, professional and non-professional self-employed people.

During the maturity of the loan, the applicants should be not more than 60 years of age in case of salaried class and not more than 65 years of age in case of professional or non-professional class.

Interest Rates

The interest rates of PNB loans against properties may be floating or fixed as per the type of loan. The floating rate is generally associated to the benchmark rate that is, 14.35% p.a. The classification is as follows:

Loan opted against the type of Property Floating Interest Rate
Commercial property 11 % - 11.5 %
Residential property 10.75 % - 11.25 %
Commercial or residential plot 12 % - 12.5 %

The fixed rate scheme is applicable for a 3, 5 or 10-year loan where the interest rates for loans opted for more than these tenures automatically are applicable at floating interest rates. The rates applicable are:

Loan opted against the type of Property Fixed interest for 3 years Fixed interest for 5 years Fixed interest for 10 years
Commercial property 11.25 % - 11.75 % 11.25 % - 11.75 % 11.5 % - 12 %
Residential property 11 % - 11.5 % 11 % - 11.5 % 11.25 % - 11.75 %
Commercial or residential plot 12.00% - 12.50% 12.00% - 12.50% 12.50% - 13.00%

Documentation required of salaried people

  • Address proof like electricity bill, ration card, gas invoice, telephone invoice, bank account statement, passport, Voter ID Card or Driving License.
  • Age proof such as Aadhar Card, PAN Card, Passport, or any other certified document from the statutory authority.
  • proof of education like the last qualification certificate
  • Salary slip of past three months.
  • Form 16 of past two years.
  • Bank statement of the salary account for past six months.

Documentation required for professional and non-professional self-employed people

  • Age proof same as for salaried individuals
  • Address proof same as for salaried individuals
  • Education qualification proof same as for salaried individuals
  • Business existence certificate along with your business profile.
  • Income tax return statement, profit and loss account and balance sheet certified by a professional CA of last three years.
  • Bank account of the business for past one year.
  • Processing fee cheque drawn in favour of PNB Housing Finance Limited.