Punjab National Bank Loan Against Property : In this article we will provide information about PNB Mortgage loan which is also known as Loan Against Property. When we take a loan by mortgaging our property or house, it is called Mortgage loan.
Like other banks and financial institutions, Punjab National Bank also provides mortgage loan facility to the customers. In this article we will know in detail that Punjab National Bank Loan Against Property What is it, how can we apply for this loan etc., so read this article till the end.
PNB Mortgage Loan in Hindi
You can take a mortgage loan from Punjab National Bank for any of your needs. You must have a good CIBIL Score to avail a mortgage loan. The bank provides you this loan against your property. If you are unable to repay the loan amount on time, then the bank recovers its money by selling your mortgaged property.
PNB Loan against property (LAP) comes under the category of a Secured loan. You can take this loan to meet any of your financial needs. Any person who has sufficient property to mortgage and income to repay the loan Punjab National Bank loan against property can apply for.
You can calculate your loan EMI with the help of PNB mortgage loan EMI calculator to get an idea of the amount of installments you will have to pay at the time of loan repayment.
HIGHLIGHTS:
| loan name | Punjab National Bank Loan Against Property |
| lender | Punjab National Bank |
| amount of loan | Minimum – Rs 2 lakh Maximum – Rs.5 crores |
| Loan tenure | 10 years |
| prepayment fee | Zero |
| processing fee | up to 1% |
| official website | www.pnbindia.in |
Benefits and Features of Punjab National Bank Loan Against Property
- Any individual to meet any of his financial needs PNB loan against property can apply for.
- To avail this loan, you have to mortgage your property.
- From PNB Bank, you can get a loan of minimum Rs 2 lakh and maximum up to Rs 5 crore under Mortgage loan.
- The loan tenure of this loan is up to 10 years.
- You do not have to pay any Prepayment Charges.
- You can also apply for the loan by calling the PNB customer care number.
- Competitive interest rates.
- Simple Documentation.
- Easy and hassle free processing.
- The processing fee is up to 1% of the loan amount.
pnb mortgage loan interest rate 2022
Before applying for the loan, you need to know about the Mortgage loan interest rate. You can see the interest rate of the bank in the table given below:
| Loan Against Commercial Property | Starting from 8.75% |
| Loan Against Residential Property (LAP) | Starting from 8.75% |
| Loan against Plot/ Loan against Special Property* (Residential/Commercial) |
Starting from 11.35% |
PNB Loan Against Property Eligibility
- Anyone can avail this loan to meet any of his financial needs.
- You should have a mortgageable property and a steady income.
- The better the CIBIL Score of the applicant, the more attractive the interest rates of the applicant bank.
- The minimum monthly income of a salaried person should be Rs 25,000.
- For others, the minimum annual income should be Rs.3 lakh or more.
- Applicant’s age should be between 21 to 65 years.
PNB Mortgage Loan Documents required
| for salaried | self employed/professional for |
|---|---|
| Duly filled application form with photograph | Duly filled application form with photograph |
| age certificate | age certificate |
| Residence Proof (Driving License, Passport, Telephone Bill, Ration Card, Election Card, Aadhar Card, any other certificate from a statutory authority) | Residence Proof (Driving License, Passport, Telephone Bill, Ration Card, Election Card, Aadhaar Card, any other certificate from statutory authority) |
| Last 3 months salary slip | Bank statement of last 12 months |
| Form 16 for the last 2 years | ITR and financial statements, including balance sheet, profit and loss account, schedules. (Documents should be attested by CA) |
| Last 6 months bank statement | Certificate and proof of business existence with business profile |
| property title document | Title document of the property along with proof of business address |
How to apply for Punjab National Bank Loan Against Property?
If you fulfill all the conditions of this loan and you are eligible for this loan, then you can apply for it both online and offline:
Punjab National Bank loan against property apply online
- To apply online, you must first visit the official website of Punjab National Bank.
- In the option of Products on the home page of the website, you will find mortgage loan An option will appear, click on it.
- On the next page, all the information related to mortgage loan will come in front of you.
- You have to read this information correctly.
- To apply, you have to click on the option of Apply Now.
- A form will open in front of you.
- Enter the information sought in it and submit the form.
- After this the bank will contact you and the loan process will be continued further.
How to apply offline?
- First of all you have to go to your nearest PNB bank branch.
- One has to go to the bank branch and contact the bank employee.
- Bank employee will provide complete information about PNB loan against property.
- Then your documents will be verified.
- You have to fill a loan application form and attach the documents with the form and submit it there.
- In this way your application will be done.
PNB Customer Care Number
- E-mail: [email protected]
- Toll-Free: 1800 180 2222/1800 103 2222
- Phone: 0120-2490000
- Landline: 011-28044907
Conclusion
In this article we have given you pnb mortgage loan 2022 All the related information is provided. From this bank, any person can take loan amount for any purpose by mortgaging his property.
If you are facing any kind of problem in applying for Punjab National Bank Loan Against Property, then you can get information by calling the customer care number of the bank.
FAQ:
You can get a loan ranging from Rs 2 lakh to Rs 5 crore.
Any person who needs money can apply for this loan.