PNB Loan Against Property

Disclaimer: Punjab National Bank is not a Paisabazaar partner for loan against property and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Punjab National Bank for loan against property. No offers/services from Punjab National Bank are being provided by Paisabazaar for loan against property. For further information about Punjab National Bank for loan against property, users are required to reach out directly to Punjab National Bank.

Punjab National Bank Loan Against Property Highlights
Interest Rates	Floating rates- 10.40% – 12.75% p.a. Fixed rates- 11.40%-14.00% p.a.
Loan Amount	Rs 2 lakh – Rs 5 crore
LTV Ratio	Up to 65% of property value
Tenure	Up to 10 years
Processing Fee	0.75% of loan amount (Max. Rs 1 lakh)
Minimum Income	For Salaried: Rs 25,000 per month Other than Salaried: Rs 3 lakh p.a.

Punjab National Bank Loan Against Property Interest Rates

Floating Interest Rates

CIBIL Score	Interest Rate (p.a.)
	Term Loan	Overdraft
750 and above	11.15%	11.65%
700-749	11.65%	12.15%
Less than 700	12.25%	12.75%

Fixed Interest Rates

Term Loan

For loan up to 10 years

Based on CIC Score of the borrower	Interest (p.a.)
750 and above	12.15%
700-749	12.65%
Less than 700	13.25%

For loan above 10 years

Based on CIC Score of the borrower	Interest (p.a.)
750 and above	12.65%
700-749	13.15%
Less than 700	13.75%

Overdraft

For loan up to 10 years

Based on CIC Score of the borrower	Interest (p.a.)
750 and above	12.65%
700-749	13.15%
Less than 700	13.75%

For loan above 10 years

Based on CIC Score of the borrower	Interest (p.a.)
750 and above	13.15%
700-749	13.65%
Less than 700	14.25%

Interest Rates based on realizable value of immovable property:

Realizable property value of 200%-250% of loan amount

CIBIL Score	Interest Rate (p.a.)
	Term Loan	Overdraft
750 and above	10.90%	11.40%
700-749	11.40%	11.90%
Less than 700	12.00%	12.50%

Fixed Interest Rates

Term Loan

For loan up to 10 years

Based on CIC Score of the borrower	Interest (p.a.)
750 and above	11.90%
700-749	12.40%
Less than 700	13.00%

For loan above 10 years

Based on CIC Score of the borrower	Interest (p.a.)
750 and above	12.40%
700-749	12.90%
Less than 700	13.50%

Overdraft

For loan up to 10 years

Based on CIC Score of the borrower	Interest (p.a.)
750 and above	12.40%
700-749	12.90%
Less than 700	13.50%

For loan above 10 years

Based on CIC Score of the borrower	Interest (p.a.)
750 and above	12.90%
700-749	13.40%
Less than 700	14.00%

Realizable property value of 250%-300% of loan amount

CIBIL Score	Interest Rate (p.a.)
	Term Loan	Overdraft
750 and above	10.65%	11.15%
700-749	11.15%	11.65%
Less than 700	11.75%	12.25%

Fixed Interest Rates

Term Loan

For loan up to 10 years

Based on CIC Score of the borrower	Interest (p.a.)
750 and above	11.65%
700-749	12.15%
Less than 700	12.75%

For loan above 10 years

Based on CIC Score of the borrower	Interest (p.a.)
750 and above	12.15%
700-749	12.65%
Less than 700	13.25%

Overdraft

For loan up to 10 years

Based on CIC Score of the borrower	Interest (p.a.)
750 and above	12.15%
700-749	12.65%
Less than 700	13.25%

For loan above 10 years

Based on CIC Score of the borrower	Interest (p.a.)
750 and above	12.65%
700-749	13.15%
Less than 700	13.75%

Realizable property value of above 300% of loan amount

CIBIL Score	Interest Rate (p.a.)
	Term Loan	Overdraft
750 and above	10.40%	10.90%
700-749	10.90%	11.40%
Less than 700	11.50%	12.00%

Fixed Interest Rates

Term Loan

For loan up to 10 years

Based on CIC Score of the borrower	Interest (p.a.)
750 and above	11.40%
700-749	11.90%
Less than 700	12.50%

For loan above 10 years

Based on CIC Score of the borrower	Interest (p.a.)
750 and above	11.90%
700-749	12.40%
Less than 700	13.00%

Overdraft

For loan up to 10 years

Based on CIC Score of the borrower	Interest (p.a.)
750 and above	11.90%
700-749	12.40%
Less than 700	13.00%

For loan above 10 years

Based on CIC Score of the borrower	Interest (p.a.)
750 and above	12.40%
700-749	12.90%
Less than 700	13.50%

While Punjab National Bank has not mentioned differential interest rates for loan against property based on the loan amount, loan tenure, occupation profile, etc. many lenders consider these factors while setting their loan against property interest rates.

Compare Interest Rates on Loan Against Property for Top Banks & HFCs

Name of the Lender	Interest Rate (% p.a.)
State Bank of India	10.00-11.30
Bank of Baroda	10.85-18.60	Apply Now
PNB Housing Finance	9.25-15.00	Apply Now
IDFC First Bank	9.00-16.50	Apply Now
HDFC Bank Limited	9.50-11.00	Apply Now
L&T Housing Finance	9.50 onwards	Apply Now
LIC Housing Finance	9.50-11.55	Apply Now
Godrej Housing Finance	9.75 onwards	Apply Now
ICICI Bank	10.85-12.50	Apply Now
Tata Capital	9.00 onwards	Apply Now
Axis Bank	10.50-10.95	Apply Now
Punjab National Bank	10.40-12.75	Apply Now

PNB Loan Against Property Fees and Charges

Processing Fee	0.75% (Max Rs 1 lakh)
Documentation Charges	For loan upto Rs 50 lakh – Rs 2500/- For loan above Rs 50 lakh – Rs 5,000/-

Type of Punjab National Bank Loan Against Property

My Property Loan

Purpose: For all personal purposes except speculation

Loan Amount: Rs 2 lakh-Rs 5 crore

For salaried: 36 times gross monthly salary based on latest salary certificate

For non-salaried: 36 times average gross monthly income for past 3 years

LTV Ratio: Up to 65% of property value

Tenure: Up to 10 years

Security: Equitable/registered mortgage of non-encumbered property and self-occupied  residential/commercial property with minimum residual life of 25 years

Eligibility Criteria for Punjab National Bank Loan Against Property

• Individuals and joint owners having an immovable property and loan repayment capacity
• Minimum Income: Rs 25,000 per month for salaried applicants and Rs 3 lakh p.a. for applicants other than salaried

PNB may also consider the credit score, occupation profile, EMI/NMI ratio, work experience, etc. while evaluating their Loan Against Property eligibility criteria, just like many lenders do while evaluating their LAP applicants.