PNB Home Loan for Bank Employees

PNB home loan for bank employees is a housing loan category specifically curated for employees of banks. There are several loan categories under which a bank employee can get a loan from PNB. Some housing loans and Yojna that the bank employees can benefit from are:

1. PNB Pride – Housing Loan for Government Employees: This housing loan plan was made to ensure that all government employees have an availability of housing loans at attractive rates. To qualify for a housing loan under this category, you need to be a permanent employee of the Central or State Government. Para Military personnel and Pensioners of Central and State Government and Employees of PSUs are also eligible.
2. PNB Gen next – Housing Loan for Salaried: The main objective of this housing loan is to provide a decent home to all salaried employees of all generations working in the private sector. All bank employees employed with a private bank in India can take advantage of this loan.

PNB Home Loan for Bank Employees  Highlights

PNB Home Loan for Bank Employees Interest Rates are mentioned below:

PNB Home Loan for Bank Employees – Fees and Charges

Below are the service charges for both the housing loans, i.e. PNB Pride – Housing Loan for Government Employees and PNB Gen next – Housing Loan for Salaried:

• The processing fee for a PNB Home Loan for bank employees is 0.35% of the loan amount, with an upfront fee of 1.00% of the loan amount. 

PNB Home Loan for Bank Employees – Documents Required

Whether you are a government employee, a salaried individual or a private sector individual, below are all the documents you need to present to qualify for the loan:

• Loan application form duly completed with Photograph.
• Identity proof: PAN card, Aadhaar card, Voter ID, Ration Card, or Driver’s License.
• Address/Residence proof: This includes PAN, Aadhaar, Voter ID, Passport, or Driver’s License.
• Age proof: Passport, PAN card, Aadhaar card, etc
• Educational qualification proof
• Income proof
• For Salaried Applicants:
• Latest Salary certificate issued by the employer (indicating gross and net salary)
• Income tax Return/Form 16 for the last 2 years (whichever is applicable).
• Bank Statement of salary accounts for the last 6/12 months (whichever is applicable).

PNB Home Loan for Bank Employees – Eligibility Criteria 

The eligibility criteria to qualify for a PNB Home Loan for Bank Employees are mentioned below:

• Age: All salaried applicants must be above the age of 21 years at the time of commencement of the loan. Additionally, your age should not exceed 70 years at the time of the maturity of the loan.
• Residency: You should be a permanent resident of India.
• Work experience: You should have a minimum work experience of 3 years.
• Salary: Minimum salary required INR 15,000 per month or more
• Loan amount: INR 8 lakh onwards
• Tenure: Up to 30 years
• LTV: Up to 90%
• Required Credit Score: 611+