PNB Home Loan for Salaried Person

The PNB home loan for salaried employees is to help individuals fulfil their dream of having a home. You can get a maximum home loan with a low interest rate and a repayment tenure of up to 30 years.

PNB Home Loan for Salaried Persons: Highlights 

The PNB home loan for salaried person scheme presents several compelling features:

PNB Home Loan for Salaried Person: Fees and Charges

You need to pay a one-time, non-refundable processing fee to get a PNB home loan. Also known as the application fee, the borrower has to pay 0.35% of the loan, excluding the GST.

PNB Home Loan for Salaried Person: Documents Required 

To get a home loan, you need to present some documents which undergo verification before the loan is disbursed. The PNB home loan documents for salaried persons are mentioned below-

• Residential Proof: Aadhar Card, Driver’s License, or any certificate issued by the statutory authority.
• Age Proof: PAN Card or any other authorised document
• Income Proof: ITR of past three years, salary slip (3 months minimum)

PNB Home Loan for Salaried Persons: Eligibility

Whether you are a government employee or a private company employee, you need to fulfil specific eligibility criteria to get the loan. The PNB home loan eligibility for a salaried person includes:

• Age: You must be a minimum of 21 years of age and should not be more than 70 years old.
• Residency: Must be an Indian resident.
• Work Experience: Should have a minimum of 3 years of work experience.
• Minimum salary: Rs 15,000 per month
• Loan amount: INR 8 lakh onwards
• Tenure: Up to 30 years
• LTV: Up to 90%
• CIBIL score: 611+