40 Lakh PNB Home Loan

Taking a home loan from PNB is hassle-free. You can get any amount of home loan up to Rs. 10 crore from PNB. The PNB 40 Lakh home loan EMI is flexible. You can even pre-pay a portion of the loan’s principal within a year. 

The PNB 40 lakh home loan will come with a repayment tenure of up to 30 years. However, the rate of interest will depend on factors like your credit score and credit profile. 

40 Lakh PNB Home Loan : Highlights

40 Lakh PNB Home Loan EMI For 5 Years

40 Lakh PNB Home Loan EMI for 10 years

40 Lakh PNB Home Loan EMI For 15 Years

40 Lakh PNB Home Loan EMI for 20 years

40 Lakh PNB Home Loan EMI For 25 Years

40 Lakh PNB Home Loan EMI For 30 Years

Pro Tip : Unlock smart home loan planning with PNB Home Loan EMI Calculator.

40 Lakhs PNB Home loan: Fees and Charges

The 40 lakh PNB home loan comes with a processing fee of up to 0.5% of the loan value i.e. 0.5% of Rs. 40 Lakhs. Also, additional GST is applicable on the processing fees as per the Government guidelines. 

40 lakh PNB home loan: Documents Required

Different documents are required when you apply for a 40 lakh PNB home loan. Let’s have a look:

• Application form along with latest photographs
• Address Proof: Telephone Bill, Aadhar card, Driving License, Passport, Ration Card, Election Card, or any other certificate issued by a Statutory authority
• Age Proof: PAN Card, Passport, or any other government-issued certificate
• Income Proof:
• (For Salaried Applicants): Salary slips of the last 3 months, Form 16 for the last 2 years, bank statements from the last 6 months
• (For Self-Employed Applicants): Income proof for business and ITR, Accountant-certified balance sheets for the last 12 months, bank account statements

40 lakh PNB home loan: Eligibility Criteria

Explore the prerequisites for eligibility in obtaining a 40 Lakh Home Loan from PNB:

Salaried Applicants:

1. Age: Minimum 24 years old
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: INR 8 lakh onwards
6. Tenure: Maximum tenure of 30 years
7. LTV: 90% or more
8. Credit Score Requirement: 611+

Self-Employed Applicants:

1. Age: Minimum 24 years old
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.
8. Additional: You apply for income tax returns.