Punjab National Bank Home Loan in Mumbai

Last Updated : May 5, 2018, 4:26 p.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

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