PNB Housing Finance Limited Loan Against Property

PNB Housing Finance limited provides loans against mortgage of existing residential/commercial immovable property for business expansion, foreign travel, education, marriage etc. Get all the details related to PNB Housing Finance Limited Loan Against Property right here.

PNB HFL Loan Against Property Interest Rates

ParticularLoan against commercial propertyLoan against residential property Lease Rental Discounting Loan against Plot/ Loan against Special PropertyLoan for purchase of non-residential property
Ghar Utsav rates (Applicable till June 30, 2017)10%9.75%9.75%11.25%9.75%
Floating rate10.25%10%10%11.50%10%
Three and Five year Fixed rate10.25%10%10%11.25%10%
Ten year Fixed rate10.50%10.25%10.25%11.75%10.25%

PNB HFL Loan Against Property Details:

ParticularsDetails
Loan AmountUp to 50% of the value of the property
Tenure15 years
Processing Fees2% of the loan amount + Applicable Taxes
Age limit
Salaried borrowers - Up to 60 years

Self-employed borrowers – Up to 65 years

Features & Benefits of PNB HFL Loan Against Property

  • Pan India branch network
  • Various repayment options
  • Longer tenure period of 15 years
  • Loan amount up to 50% of the value of the property
  • Instant loan in 3 minutes
  • Extensive range of home loan products like Loan for Purchase or Construction of Commercial Property, Loan Against Property & Commercial Property and Lease Rental Discounting
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PNB HFL Loan Against Property Eligibility Criteria

Below is the list of people who can apply for PNB HFL loan against property:

  • Salaried individual
  • Self-employed professional/non-professional
  • Age up to 60 years for salaried individuals
  • Age up to 65 years for self-employed professionals

Documents Required for PNB HFL Loan Against Property

For Salaried:

  • Duly attested mortgage loan application form with photograph
  • Age proof (PAN Card, Passport, Any other Certificate from Statutory Authority)
  • Residence proof (Passport, Driving License, Telephone Bill, Ration card, Election Card, Any other Certificate from Statutory Authority)
  • Latest degrees of education Qualification
  • Last 3 months salary slip
  • Form 16 for last 2 years
  • Last 6 months bank statement (salary account)
  • Photocopy of the title documents of the property, Approved Plan
  • Processing Fee cheque in favour of ‘PNB Housing Finance Ltd.’

For Self-employed professionals:

  • Duly filled mortgage loan application form with photograph
  • Age proof (PAN Card, Passport, Any other Certificate from Statutory Authority)
  • Residence proof (Passport, Driving License, Telephone Bill, Ration card, Election Card, Any other Certificate from Statutory Authority)
  • Latest degrees of education Qualification (for professionals)
  • Last 3 years Income Tax Returns (Self and business) with Profit & Loss Account & Balance sheets duly attested by a Chartered Accountant
  • Processing Fee cheque in favour of ‘PNB Housing Finance Ltd.’
  • Photocopy of Title Documents of the Property, Approved Plan etc.

How to Apply for PNB HFL Loan Against Property

To apply for PNB mortgage loan against property, you have to submit the above mentioned self-attested documents to the nearest branch or submit the documents online if applying online.

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PNB Housing Finance Limited EMI Calculator

EMI calculator is the tool that lets you know the monthly EMIs for the loan amount at a particular rate of interest for a limited tenure period. For eg. If you are taking a loan of Rs. 10 lacs at the interest rate of 13.00% p.a for a tenure period of 15 years, your EMI will be Rs. 12,652. For more details on the EMIs, total interest outgo, total amount as per the tenure period, please refer to the below-given table:

Table for EMI per month, Total Interest Outgo and Total Amount

Amount (in Rs.)Rate of Interest (p.a.)Loan Tenure (in years )EMI (in Rs.)Total Interest Outgo (in Rs.)Total Amount (Principal + Interest) (in Rs.)
10,00,00013%189,31771,80710,71,807
10,00,00013%247,5421,41,00411,41,004
10,00,00013%333,6942,12,98212,12,982
10,00,00013%426,8272,87,72012,87,720
10,00,00013%522,7533,65,18413,65,184
10,00,00013%620,0744,45,33614,45,336
10,00,00013%718,1925,28,12515,28,125
10,00,00013%816,8076,13,49616,13,496
10,00,00013%915,7547,01,38717,01,387
10,00,00013%1014,9317,91,72917,91,729
10,00,00013%1114,2768,84,44618,84,446
10,00,00013%1213,7469,79,46019,79,460
10,00,00013%1313,31210,76,68820,76,688
10,00,00013%1412,95311,76,04321,76,043
10,00,00013%1512,65212,77,43622,77,436

Amortization Table

PNB HFL Loan Against Property Processing Fee

PNB Housing Finance Limited mortgage loan against property has processing fees of 2% of the loan amount.

Personal Loan Interest Rates December 2017
Bajaj Finserv 10.99% - 16.00%
Fullerton India 14.00% - 33.00%
HDFC Bank 10.99% - 20.70%
ICICI Bank 10.99% - 18.40%
IndusInd Bank 12.99% - 20.00%
Kotak Bank 10.99% - 17.99%
RBL 14.00% - 18.00%
Standard Chartered Bank 10.99% - 14.49%
Tata Capital 11.49% - 18.00%
Home Loan Interest Rates December 2017
State Bank of India/SBI 8.30% - 8.60%
HDFC 8.35% - 8.95%
Bank of Baroda 8.30% - 9.30%
LIC Housing 8.35% - 8.70%
PNB Housing Finance 8.35% - 8.70%
ICICI Bank 8.35% - 8.85%
Axis Bank 8.35% - 8.75%
Citibank 8.60% - 9.35%
Indiabulls Housing Finance Limited 8.35% - 8.55%
Kotak Bank 8.35%
EMI Calculator