15 Lakh PNB Home Loan

The PNB Housing Finance Limited offers low-interest rate home loans for salaried and self-employed individuals. Getting a loan of 15 Lakh or more is much easier, thanks to the minimum paperwork and quick disbursal process. PNB home loan interest rate for 15 lakh is a minimum of 8.50%, which increases as per the CIBIL score.

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Table of Content

1. 15 Lakh Home Loan PNB Highlights

2. 15 Lakh Home Loan EMI For 5 Years From PNB

3. 15 Lakh Home Loan EMI for 10 years From PNB

4. 15 Lakh Home Loan EMI For 15 Years From PNB

5. 15 Lakh Home Loan EMI for 20 years From PNB

6. 15 Lakh PNB Home Loan Fees and Charges

7. 15 Lakh PNB Home Loan Documents Required

  • 7.1 For Salaried People
  • 7.2 For Self-Employed People

    • 8. 15 Lakh PNB Home Loan Eligibility Criteria

  • 8.1 For Salaried People
  • 8.2 For Self-Employed People
    • Read more
    Written By
    Utsah Sharma
    Utsah Sharma
    Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.
    Reviewed By
    Piyush Bothra
    Piyush Bothra
    Chief Financial Officer, Square Yards
    Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

    15 Lakh Home Loan PNB – Highlights

    Take a look at the key highlights of the 15 Lakh Home Loan from Punjab National Bank:

    Interest Rate Minimum 8.50% or more
    Total Tenure Up to 30 years
    Processing Charges 0.35%
    Available for  Salaried and Self-Employed

    15 Lakh Home Loan EMI For 5 Years From PNB

    Loan Amount Rs. 15 Lakhs
    Rate of Interest 8.50%
    Loan Tenure 5 Years
    EMI Rs. 30,775
    Interest Payable Rs. 3,46,500
    Total Amount Payable Rs. 18,46,500

    15 Lakh Home Loan EMI for 10 years From PNB

    Loan Amount Rs. 15 Lakhs
    Rate of Interest 8.50%
    Loan Tenure 10 Years
    EMI Rs. 18,598
    Interest Payable Rs. 7,31,760
    Total Amount Payable Rs. 22,31,760

    15 Lakh Home Loan EMI For 15 Years From PNB

    Loan Amount Rs. 15 Lakhs
    Rate of Interest 8.50%
    Loan Tenure 15 Years
    EMI Rs. 14,771
    Interest Payable Rs. 11,58,780
    Total Amount Payable Rs. 26,58,780

    15 Lakh Home Loan EMI for 20 years From PNB

    Loan Amount Rs. 15 Lakhs
    Rate of Interest 8.50%
    Loan Tenure 20 Years
    EMI Rs. 13,017
    Interest Payable Rs. 16,24,080
    Total Amount Payable Rs. 31,24,080

    Pro Tip : Know your EMI in seconds with PNB Home Loan EMI Calculator.

    15 Lakh PNB Home Loan – Fees and Charges

    The processing fee for the 15 lakh PNB loan is up to 0.35% of the total loan amount. The processing fee carries no hidden charges.

    15 Lakh PNB Home Loan – Documents Required

    When it comes to seeking a home loan, there are certain documents that the borrower has to submit to the bank. Some of the essential documents required are- IT Return proof, Salary slip, Address proof, and others. To get a PNB 15 lakh home loan, the documents required vary according to the profession of the borrower.

    For Salaried People

    • Address Proof – Aadhar card, passport, driver’s license, phone bill, Ration card, election card, and any other statutory authority certificate. 
    • Income Proof – Salary slip (minimum 3 months) and Bank Statement
    • Age Proof – Passport, PAN card, or any other legally required document.

    For Self-Employed People

    • Address Proof – Aadhar card, passport, driver’s license, phone bill, Ration card, election card, and any other statutory authority certificate. 
    • Income Proof – IT return of the last 3 years and proof of business
    • Age Proof – Passport, PAN card, or any other legally required document.

    15 Lakh PNB Home Loan – Eligibility Criteria

    The 15-lakh home loan eligibility criteria at PNB differ as per the profession.

    For Salaried People

    • Age: The borrower must be at least 21 years of age and not more than 70 years.
    • Residency: Must be a permanent Indian Resident
    • Work experience: Minimum 3 years of work experience.
    • Minimum Salary: Must have a minimum salary of Rs 15,000 or more.
    • Loan amount: INR 8 lakh onwards
    • Tenure: Up to 30 years
    • LTV: Up to 90%
    • CIBIL Score: 611+

    For Self-Employed People

    • Age: The borrower must be at least 21 years of age and not more than 70 years.
    • Residency: Must be a permanent Indian Resident
    • Work Experience: You should have at least 3 years of business continuity.
    • Loan Amount: INR 8 Lakh onwards.
    • Tenure: Up to 20 years
    • LTV: Up 90%
    • CIBIL score: 611+
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