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80 Lakh PNB Home Loan
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Unlocking the doors to homeownership is no longer farfetched; it is now within reach with the PNB 80 lakh Home Loan. PNB paves the way for individuals to realise their dream homes by offering competitive rates and flexible repayment plans. You can buy or build a new property, and PNB provides various financial solutions to facilitate the same. This guide explores the features, eligibility, and application process for the PNB 80 lakh Home Loan, empowering prospective homeowners to make informed choices. Let PNB be your ally on homeownership, turning aspirations into reality.
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Table of Content
80 Lakh Home Loan PNB – Highlights
Highlights and features of the PNB 80 lakh home loan are given in the table below.
Interest Rate | Starting from 8.40% p.a. |
---|---|
Maximum Loan Amount | 80 lakh |
Maximum Loan Tenure | Up to 30 years |
Processing Fees | 0.35 of the loan amount |
80 Lakh Home Loan EMI For 5 Years From PNB Bank
Loan Amount | Rs. 80 Lakhs |
Rate of Interest | 8.50% |
Loan Tenure | 5 Years |
EMI | Rs. 1,64,132 |
Interest Payable | Rs. 18,47,920 |
Total Amount Payable | Rs. 98,47,920 |
80 Lakh Home Loan EMI for 10 years From PNB Bank
Loan Amount | Rs. 80 Lakhs |
Rate of Interest | 8.50% |
Loan Tenure | 10 Years |
EMI | Rs. 99,189 |
Interest Payable | Rs. 39,02,680 |
Total Amount Payable | Rs. 1,19,02,680 |
80 Lakh Home Loan EMI For 15 Years From PNB Bank
Loan Amount | Rs. 80 Lakhs |
Rate of Interest | 8.50% |
Loan Tenure | 15 Years |
EMI | Rs. 78,779 |
Interest Payable | Rs. 61,80,220 |
Total Amount Payable | Rs. 1,41,80,220 |
80 Lakh Home Loan EMI for 20 years From PNB Bank
Loan Amount | Rs. 80 Lakhs |
Rate of Interest | 8.50% |
Loan Tenure | 20 Years |
EMI | Rs. 69,426 |
Interest Payable | Rs. 86,62,240 |
Total Amount Payable | Rs. 1,66,62,240 |
80 Lakh Home Loan EMI For 25 Years From PNB Bank
Loan Amount | Rs. 80 Lakhs |
Rate of Interest | 8.50% |
Loan Tenure | 25 Years |
EMI | Rs. 64,418 |
Interest Payable | Rs. 1,13,25,400 |
Total Amount Payable | Rs. 1,93,25,400 |
80 Lakh Home Loan EMI For 30 Years From PNB Bank
Loan Amount | Rs. 80 Lakhs |
Rate of Interest | 8.50% |
Loan Tenure | 30 Years |
EMI | Rs. 61,513 |
Interest Payable | Rs. 1,41,44,680 |
Total Amount Payable | Rs. 2,21,44,680 |
Pro Tip : Plan your finances with ease – Use PNB Home Loan EMI Calculator now.
80 Lakh PNB Home Loan – Fees and Charges
Apart from the interest rate associated with the PNB 80 lakh home loan, borrowers need to consider additional expenses. These charges encompass:
Particulars | Charges/Fees |
Processing Fee | 0.35% of the loan amount |
Documentation Charges | Rs.1350 |
80 Lakh PNB Home Loan – Documents Required
During the application process, one should provide specific documents for verification purposes. Here is a list of the essential documents required:
- Identity Proof: PAN Card, Aadhaar Card, Voter ID, Passport, or Driving License.
- Proof of Income: Latest three months’ salary slips, Form 16 for the last two years (if salaried), or bank statements covering the previous six months (if self-employed).
- Property-Related Documents: NOC from builders/society, a registered sale deed, or a buyer agreement.
- Additional Documents: Passport-size photographs to be included in your application file.
80 Lakh PNB Home Loan – Eligibility Criteria
To qualify for the PNB 80 lakh home loan, applicants need to fulfil the following requirements:
- Applicants must be at least 18 years old and not exceed 70 years old at loan maturity.
- This loan option caters to both individual applicants and joint owners, offering versatility in eligibility criteria.
- A regular and stable source of income is crucial to meet the qualification standards for this loan.
Frequently Asked Question (FAQs)
What is the EMI for 80 lakh Home Loan for 20 years in PNB?
The monthly EMI for an 80 lakh Home Loan from PNB, with an interest rate of 8.40%, amounts to ₹68,920.
Who is eligible for an 80 lakh Home loan in PNB?
Individuals aged between 18 and 70 with a consistent and reliable income can apply for the PNB 80 Lakh Home Loan.
What is the monthly interest rate of an 80 lakh home loan in PNB?
The PNB 80 Lakh Home Loan carries an annual interest rate of 8.40%.