PNB Housing Finance Home Loan for Self Employed

PNB Housing Finance offers a bespoke home loan service specifically for self-employed individuals. Looking into the unique financial needs of entrepreneurs, PNB Housing provides flexible and accessible financing solutions. Known for its reliable service and customer-focused approach, PNB Housing ensures that the loan application process is straightforward and efficient. This allows self-employed professionals to easily secure the necessary funds for buying, building, or renovating their homes, supported by competitive interest rates and adaptable repayment options suited to their financial situations.

PNB Housing Finance Home Loan for Self-Employed – Highlights

PNB Housing Finance Home Loan for Self-Employed – Fees and Charges

PNB Housing Finance Home Loan for Self-Employed – Documents Required

To expedite the processing of your home loan application, please ensure you have the following documents readily available:

• Identity Proof: A government-issued photo identification document such as an Aadhaar Card, PAN Card, Passport, or Voter ID Card.
• Residence Proof: Documentation verifying your current address, which may include recent utility bills (past three months), an Aadhaar Card, a Passport, or a registered Rental Agreement.
• Income Verification: Proof of income for the past years, including salary slips (past three months), Form 16 (for salaried individuals), or a certified Employer’s salary certificate. Self-employed individuals may need to submit Income Tax Returns and financial statements.
• Employment Verification: Documentation confirming your current employment status, which may include a government-issued ID card, a Service certificate issued by your employer, or an official employment letter.
• Financial Information: Bank statements for the past six months to provide a comprehensive view of your financial standing.
• Property Documents: Documentation related to the property for which you are seeking a loan, including the Sale Deed, Agreement to Sell, Builder-Buyer Agreement, or Allotment Letter (depending on the property type).

PNB Housing Finance Home Loan for Self-Employed – Eligibility Criteria 

• Age: Must be 21 years of age at application and under 70 years of age at loan maturity.
• Income: Requires proof of stable income through the last three years of Income Tax Returns.
• Business Stability: Business should be established and operational for at least three years.
• Credit Score: A credit score of 650 or higher is preferred.
• Property Valuation: Loan amounts are based on the property’s appraised value.
• Documentation: Essential documents include business proof, financial statements, and KYC.