30 Lakh PNB Home Loan

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In a country where homeownership is not just a personal goal but also a cultural milestone, the surging real estate prices often render it a distant dream for many. This is where the instrumental role of home loans comes into play.

To fulfil your dream of owning a home, Punjab National Bank offers several home loan plans with competitive interest rates, flexible repayment options, and a nationwide network of branches. The 30 Lakh Home Loan from PNB is popular among aspiring homeowners. 

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Table of Content

1. 30 Lakh Home Loan PNB Highlights

2. 30 Lakh PNB Home Loan EMI For 5 Years

3. 30 Lakh PNB Home Loan EMI for 10 years

4. 30 Lakh PNB Home Loan EMI For 15 Years

5. 30 Lakh PNB Home Loan EMI for 20 years

6. 30 Lakh PNB Home Loan EMI For 25 Years

7. 30 Lakh PNB Home Loan EMI For 30 Years

8. 30 Lakh PNB Home Loan Fees and Charges

9. 30 Lakh PNB Home Loan Documents Required

10. 30 Lakh PNB Home Loan Eligibility Criteria

  • 10.1 Salaried Applicants:
  • 10.2 Self-Employed:
    • 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
    Amit Prakash Singh
    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.

    30 Lakh Home Loan PNB – Highlights 

    Take a look at the key highlights of the 30 Lakh Home Loan from Punjab National Bank:

    Interest Rate Floating Interest Rates range from 

    8.40% to 10.25% p.a.

    Fixed Interest Rates range from 

    9.40% to 11.75% p.a.
    Loan Amount Depends upon the eligibility of the borrower
    Tenure Up to 30 years
    Processing Charges Exemption till 31st March 2024

    30 Lakh PNB Home Loan EMI For 5 Years

    Loan Amount Rs. 30 Lakhs
    Rate of Interest 8.50%
    Loan Tenure 5 Years
    EMI Rs. 61,550
    Interest Payable Rs. 6,93,000
    Total Amount Payable Rs. 36,93,000

    30 Lakh PNB Home Loan EMI for 10 years

    Loan Amount Rs. 30 Lakhs
    Rate of Interest 8.50%
    Loan Tenure 10 Years
    EMI Rs. 37,196
    Interest Payable Rs. 14,63,520
    Total Amount Payable Rs. 44,63,520

    30 Lakh PNB Home Loan EMI For 15 Years

    Loan Amount Rs. 30 Lakhs
    Rate of Interest 8.50%
    Loan Tenure 15 Years
    EMI Rs. 29,542
    Interest Payable Rs. 23,17,560
    Total Amount Payable Rs. 53,17,560

    30 Lakh PNB Home Loan EMI for 20 years

    Loan Amount Rs. 30 Lakhs
    Rate of Interest 8.50%
    Loan Tenure 20 Years
    EMI Rs. 26,035
    Interest Payable Rs. 32,48,400
    Total Amount Payable Rs. 62,48,400

    30 Lakh PNB Home Loan EMI For 25 Years

    Loan Amount Rs. 30 Lakhs
    Rate of Interest 8.50%
    Loan Tenure 25 Years
    EMI Rs. 24,157
    Interest Payable Rs. 42,47,100
    Total Amount Payable Rs. 72,47,100

    30 Lakh PNB Home Loan EMI For 30 Years

    Loan Amount Rs. 30 Lakhs
    Rate of Interest 8.50%
    Loan Tenure 30 Years
    EMI Rs. 23,067
    Interest Payable Rs. 53,04,120
    Total Amount Payable Rs. 83,04,120

    Pro Tip: Enjoy hassle-free home loan planning with PNB Home Loan EMI Calculator.

    30 Lakh PNB Home Loan – Fees and Charges

    Banks engage in legal activities such as document verification and inspection as part of home loan processing. Punjab National Bank imposes a home loan processing fee, capped at 1%.

    30 Lakh PNB Home Loan – Documents Required 

    To complete your home loan application, the bank requires the following documents from the borrower. 

    1. Address Proof: Aadhar card, passport, driver’s licence, phone bill, Ration card, election card, and any other statutory authority certificate.
    2. Age Proof: Passport, PAN card, or any other legally required document.
    3. Proof of Income: Salary slips from the previous three months for salaried workers. ITRs and audited balance sheets (if applicable) for the past two years of company or activity are required for self-employed individuals.

    30 Lakh PNB Home Loan – Eligibility Criteria 

    Explore the prerequisites for eligibility in obtaining a 30 Lakh Home Loan from PNB:

    Salaried Applicants:

    1. Age: 21 years to 70 years
    2. Residency: Applicants must be permanent residents of India.
    3. Work experience: Three years of minimum work experience is needed.
    4. Minimum salary: INR 15,000 or more per month is the minimum necessary.
    5. Loan Amount: starting at INR 8 lakh
    6. Tenure: Maximum tenure of 30 years
    7. LTV: 90% or more
    8. Credit Score Requirement: 611+

    Self-Employed:

    1. Age: 21 years to 70 years
    2. Residency: You should be a permanent resident of India.
    3. Work Experience: You should have at least 3 years of business continuity.
    4. Loan Amount: INR 8 Lakh onwards.
    5. Tenure: Up to 20 years.
    6. LTV: Up 90%
    7. Credit Score Requirement: A minimum credit score of 611 is needed to apply for a Home Loan.
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