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Punjab National Bank Home Loan in Mumbai

Punjab National Bank Home Loan in Mumbai

Last Updated : April 11, 2017, 10:13 a.m.

About Punjab National Bank Home Loan in Mumbai

Have you been looking for a home loan in Mumbai for a long time now but have not got the ideal home loan? Check Punjab National Bank (PNB) home loan details and you will be surprised! The bank has designed its housing loan by keeping in mind the affordability and expectations of the loan borrower. PNB also facilitates specialized home loan scheme under Pradhan Mantri Awas Yojana (PMAY) at low-interest rates. To apply online or offline, check interest rates, eligibility criteria and other related information to apply at Mumbai branch.

Punjab National Bank Home Loan Mumbai at a Glance

Interest Rate8.60% - 9.95%
Loan amountFor Public:
Up to ₹1 Crores

For Pradhan Mantri Awas Yojana: Up to ₹30 lakhs
TenureFor Public: Up to 30 years

For Pradhan Mantri Awas Yojana: Up to 15 years
Processing FeeFor Public:
For ₹300 lac- 0.50% of loan amount Maximum ₹20000/- For above - ₹50000/-

For Pradhan Mantri Awas Yojana: NIL

Eligibility Criteria

The eligibility criteria to apply for a home loan or housing loan at Punjab National Bank (PNB) is as follows:

  • For Public: Individuals or Joint owners.
  • For Pradhan Mantri Awas Yojana:
    • EWS households are defined as households having an annual income up to ₹3,00,000
    • LIG households are defined as households having an annual income above ₹3,00,000 and up to ₹6,00,000

Documents Required

The list of documents that an applicant must have at the time of applying for a home loan at PNB is as follows:

Identity Proof:

  • Valid
  • Passport
  • Voter ID Card
  • Aadhaar Card
  • Valid Driving Licence

Address Proof:

  • Valid Passport
  • Voter ID Card
  • Aadhaar Card
  • Valid Driving Licence

Income Proof:

  • Last 3 months’ Salary Slips
  • Last 6 months’ Bank Statements showing salary credits
  • Latest Form-16 and IT returns

Property Proof:

  • Title Deeds of the Plot
  • Proof of no encumbrances on the property
  • Copy of the plans approved by the Local Authorities
  • Construction estimate by an Architect / Civil engineer

Other Documents:

  • Employment Contract/Appointment Letter in case current employment is less than 1 year old
  • Last 6 months’ Bank Statements showing repayment of any ongoing loans
  • Duly filled application form along with recent passport
  • Own Contribution Proof

For more information, read Home Loan Mumbai

Punjab National Bank Branches in Mumbai

Branch NameComplete AddressIFSC CodeMICRContact Number
N C Kelkar RoadN.C.Kelkar Road, Dadar West, Mumbai, Maharashtra 400028PUNB0005900400024012022-24301419
Dadar KC, Mumbai5, Kohinoor Road, Dadar Tt, Mumbai, Maharashtra - 400014PUNB0006000400024011022-24145956
Ilaco House, MumbaiSir PM Road, Ilaco House, Fort, Mumbai, Maharashtra 400001PUNB0006100400024015022- 22661499, 22660477
PNB HouseP M Road, Fort, Mumbai, Maharashtra - 400001PUNB0006200400024016022-22664448, 1262, 63
Kalaba Devi Road, MumbaiKalaba Devi Road, Mumbai, Maharashtra - 400002PUNB0006300400024018022-22402854, 5621
Lalbaug, MumbaiMehta Mansion, Dr. Ambedkar Road, Lalbaug, Mumbai, Maharashtra - 400012PUNB0006400400024021022- 24702728
Kurla, MumbaiL B S Marg, Mumbai, Maharashtra - 400070PUNB0006600400024020022-26503644
Opera HouseRawal Building, Lamington Road, Mumbai, Maharashtra 400004PUNB0006700400024028022-23820791, 1290
Zaveri Bazar, MumbaiSheikh Memon Street, Zaveri Bazar, Mumbai, Maharashtra 400002PUNB0006800400024034022-22419262, 3704
Chembur MainChembur Main, Govandi Road, Mumbai - 400071PUNB0007700400024008022-25214772, 25580070
Linking Road, Bandra West, MumbaiLinking Road, Bandra West, Mumbai, Maharashtra - 400050PUNB0008200400024004022-26420456, 26426174
Colaba, MumbaiShirin Building, SBS Road, Near Colaba Post Office, Mumbai, Maharashtra 400005PUNB0053000400024010022-22151631, 2793
Matunga468A, Hanuman Prasad Building, Kings Circle Matunga, Mumbai, Maharashtra 400019PUNB0053800400024025022-24096415
Andheri West, Mumbai130, S V Road, Andheri West, Mumbai, Maharashtra - 400058PUNB0055000400024002022-26206840-5220
Ville Parle West, MumbaiPadmapriya, 8 Presidency CHS, JVPD Scheme, West Mumbai, Maharashtra - 400049PUNB0055200400024032022-26207739, 7542

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