40 Lakh PNB Home Loan

Home Loan By Profession
Home Loan By Scheme
Home Loan By Amount
Home Loan By Property
Home Loan By Other

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.

Get in Touch for Home Loan Expert Advice

Connect with our Home Loan Advisor Now!

Personalized Home Loan solutions
Expert guidance
Application assistance
Credit score discussion
Home Loan Interest rate comparison

Full Name

+91Mobile No.

Choose City

I agree to the Terms and Conditions of TUCIBIL and hereby provide explicit consent to share my Credit Information with Urban Money Private Limited.

Table of Content

1. 40 Lakh PNB Home Loan : Highlights

2. 40 Lakh PNB Home Loan EMI For 5 Years

3. 40 Lakh PNB Home Loan EMI for 10 years

4. 40 Lakh PNB Home Loan EMI For 15 Years

5. 40 Lakh PNB Home Loan EMI for 20 years

6. 40 Lakh PNB Home Loan EMI For 25 Years

7. 40 Lakh PNB Home Loan EMI For 30 Years

8. 40 Lakhs PNB Home loan: Fees and Charges

9. 40 lakh PNB home loan: Documents Required

10. 40 lakh PNB home loan: Eligibility Criteria

10.1 Salaried Applicants:

10.2 Self-Employed Applicants:

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.

40 Lakh PNB Home Loan : Highlights

Rate of Interest	8.5% p.a. to 11.45% p.a.
Loan Amount	Up to 90% of the property cost
Processing Fees	Up to 0.5% of Rs. 40 Lakhs + GST
Maximum Tenure	30 years
Type of Interest Rate	Floating rate

40 Lakh PNB Home Loan EMI For 5 Years

Loan Amount	Rs. 40 Lakhs
Rate of Interest	8.50%
Loan Tenure	5 Years
EMI	Rs. 82,066
Interest Payable in 5 Years	Rs. 9,23,960
Total Amount Payable	Rs. 49,23,960

40 Lakh PNB Home Loan EMI for 10 years

Loan Amount	Rs. 40 Lakhs
Rate of Interest	8.50%
Loan Tenure	10 Years
EMI	Rs. 49,594
Interest Payable in 10 Years	Rs. 19,51,280
Total Amount Payable	Rs. 59,51,280

40 Lakh PNB Home Loan EMI For 15 Years

Loan Amount	Rs. 40 Lakhs
Rate of Interest	8.50%
Loan Tenure	15 Years
EMI	Rs. 39,390
Interest Payable in 15 Years	Rs. 30,90,200
Total Amount Payable	Rs. 70,90,200

40 Lakh PNB Home Loan EMI for 20 years

Loan Amount	Rs. 40 Lakhs
Rate of Interest	8.50%
Loan Tenure	20 Years
EMI	Rs. 34,713
Interest Payable in 20 Years	Rs. 43,31,120
Total Amount Payable	Rs. 83,31,120

40 Lakh PNB Home Loan EMI For 25 Years

Loan Amount	Rs. 40 Lakhs
Rate of Interest	8.50%
Loan Tenure	25 Years
EMI	Rs. 32,209
Interest Payable in 25 Years	Rs. 56,62,700
Total Amount Payable	Rs. 96,62,700

40 Lakh PNB Home Loan EMI For 30 Years

Loan Amount	Rs. 40 Lakhs
Rate of Interest	8.50%
Loan Tenure	30 Years
EMI	Rs. 30,757
Interest Payable 30 Years	Rs. 70,72,520
Total Amount Payable	Rs. 1,10,72,520

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:

Age: Minimum 24 years old
Residency: Applicants must be permanent residents of India.
Work experience: Three years of minimum work experience is needed.
Minimum salary: INR 15,000 or more per month is the minimum necessary.
Loan amount: INR 8 lakh onwards
Tenure: Maximum tenure of 30 years
LTV: 90% or more
Credit Score Requirement: 611+

Self-Employed Applicants:

Age: Minimum 24 years old
Residency: You should be a permanent resident of India.
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%
Credit Score Requirement: A minimum credit score of 611 is needed to apply for a Home Loan.
Additional: You apply for income tax returns.