3 Crore Home Loan PNB

Securing a home loan is a major step towards owning a home. Punjab National Bank (PNB) offers a significant loan amount—up to 3 crore. This loan caters to various customers, including salaried individuals, entrepreneurs, and self-employed professionals. They can use it to buy or build their dream home. Moreover, a PNB 3 Crore home loan comes with competitive interest rates and flexible repayment terms, facilitating easier financial management for borrowers. To make your dream come true, Urban Monney provides a complete overview of this remarkable credit option. This may include details such as 3 Crore home loan EMI PNB, applicable interest rates, required documents, and eligibility criteria. Let’s scroll down.

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Table of Content

1. 3 Crore Home Loan PNB Highlights

2. 3 Crore Home Loan EMI for 10 Years PNB

3. 3 Crore Home Loan EMI for 20 Years PNB

4. 3 Crore PNB Home Loan Fees and Charges

5. 3 Crore PNB Home Loan Documents Required

6. 3 Crore PNB Home Loan Eligibility Criteria

Written By

Thejus KS

A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

3 Crore Home Loan PNB – Highlights

Here are the PNB home loan interest rate for 3 Crore and other key parameters:

Interest Rates	9.40% p.a. onwards
Loan Amount	90% of the property cost in the market
Loan Tenure	Up to 30 years
Eligibility	Applicants must be below 70 years

3 Crore Home Loan EMI for 10 Years PNB

Let’s examine the expected 3 Crore home loan EMI for 10 years at PNB:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹3 Crore	9.40% p.a.	10 years	₹3,86,552	₹1,63,86,240	₹4,63,86,240

3 Crore Home Loan EMI for 20 Years PNB

Let’s examine the expected 3 Crore home loan EMI for 20 years at PNB:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
₹3 Crore	9.40% p.a.	20 years	₹2,77,683	₹3,66,43,920	₹6,66,43,920

3 Crore PNB Home Loan – Fees and Charges

In addition to the 3 Crore home loan EMI at PNB, there are several fees and charges associated with this loan, such as:

Fee/Charge	Amount
Processing fee	0.35% of the loan amount
Prepayment charges	Up to 3% of the prepaid amount.
Late payment charges	24% p.a. on the default EMI. I.e., 2% per month
Documentation charges	₹1,350
Stamp duty	As per the state law
Legal charges	As per actual

3 Crore PNB Home Loan – Documents Required

Let’s examine the required documents for the PNB 3 Crore home loan:

Proof of Identity: PAN Card, Passport, Aadhaar Card, Driver’s License, etc.
Proof of Address: Telephone Bill, Ration Card, Electricity Bill, Voter ID, etc.
Proof of Income: Salary Slip/Business Proof, ITR, and Bank Statements.

3 Crore PNB Home Loan – Eligibility Criteria

3 Crore home loan eligibility at PNB is as follows:

Age Limit: The applicants should be between 21 and 70 years old.
Work Experience: The applicants should have at least 3 years of working experience or business continuity.
Income Requirement: The applicants should have a solid source of income to cover the loan EMI.
Credit Score: The applicants should have a positive repayment history and a good credit score, at least 611.
Residential Status: The applicants should be permanent residents of India.

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Frequently Asked Question (FAQs)

What is the EMI for a 3 Crore Home Loan for 20 years in PNB?

The EMI for a 3 Crore home loan from PNB over a 20-year period would be approximately ₹2,77,683, with an annual interest rate of 9.40%.

Who is eligible for a 3 Crore Home loan in PNB?

Both salaried and self-employed individuals are eligible to apply for a 3 Crore home loan at PNB, with approval ultimately depending on the applicant’s property price and income.

What is the monthly interest rate of a 3 Crore home loan in PNB?

PNB’s monthly interest rates for a 3 Crore home loan typically commence at 0.78%.