PNB Home Loan for Salaried Person

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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.

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Table of Content

1. PNB Home Loan for Salaried Persons: Highlights

2. PNB Home Loan for Salaried Person: Fees and Charges

3. PNB Home Loan for Salaried Person: Documents Required

4. PNB Home Loan for Salaried Persons: Eligibility

Written By

Hepson Franklin

Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.

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.

PNB Home Loan for Salaried Persons: Highlights

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

Feature	Detail
Total Loan	Up to Rs 5 Cr
Total Loan Repayment tenure	Up to 30 years
CIBIL Score	611+

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+

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Frequently Asked Question (FAQs)

What is the repayment term for a PNB home loan for a salaried person?

The repayment term or tenure for a PNB home loan for a salaried person is a maximum of 30 years, including the moratorium period.

What is the minimum age for a PNB home loan to a salaried person?

The minimum age for a PNB home loan for a salaried person is 21 years.

What is the tenure limit for a PNB home loan to a salaried person?

The maximum tenure limit for a PNB home loan to a salaried person is 30 years.

What is the minimum and maximum PNB home loan amount for a salaried person?

The minimum PNB home loan amount for a salaried person can be Rs 1–8 lakh. However, there is no upper cap for the loan. The maximum home loan one gets is Rs 25 lakh to Rs 5 crore. It depends on your eligibility.