PNB Housing Loan Against Property

About PNB HFL

PNB Housing Finance Limited (PNB HFL),promoted by Punjab National Bank (PNB) is a housing finance company registered with National Housing Bank (NHB).It was incorporated under the Companies Act, 1956 and started operating on November 11, 1988.

PNB HFLhas over two decades of specialised experience in housing finance and maintains a network of branches spread across the length and breadth of the country to help its customers avail financial services.

PNB HFL provides loans to individuals and corporate bodies to construct, purchase, repair and upgrade houses. It also provides commercial property loans, loan against property& lease rental discounting.

About PNB HFL Loan Against Property

PNB HFL provides loans against existing residential/commercial immovable property in its branch locations. The maximum loan amount that can be availed is 50% of the property's market value as certified by PNB HFL's approved valuer or repayment capacity of the borrower (whichever is lower).The company considers income, age, qualification, occupation etc. of the borrower to determine the loan eligibility.

Furthermore, PNB HFL does a proper appraisal of the property and completes all the legal documentation required post which the loan is disbursed directly to the customer in lump sum through his/her bank account.The loan can be repaid in Equated Monthly Instalments (EMI) through Post-dated cheques/ electronic clearance system over a maximum period of 15 years.

Why apply for a PNB HFL Loan Against Property

PNB HFL Loan Against Property can be utilized to fulfill all personal requirements such as-

• Businessexpansion
• Foreign travel
• Education
• Children's marriage
• Family function
• Medical expenses
• Home renovation
• Buying high-cost consumer durable, and so forth.

However, funds availed from PNB HFL should not be used for any illegitimate purpose.

PNB HFL Loan Against Property Features & Benefits

• Pan India branch network
• Easy loan approvals i.e., documentation
• Quick loan disbursal
• Excellent post disbursement services
• Facility of loan amount enhancement in the event of cost escalations
• Various repayment options
• Property and loan repayment insurance.

PNB HFL Loan Against Property Eligibility Criteria

• Should either be a salaried employee or a self-employed professional/ non-professional.
• Maximum age at the time of loan maturity should be 60 years for salaried employee and 65 years for self-employed professional/ non-professional.

Documents Required for PNB HFL Loan Against Property

Salaried Employees	Self Employed/Professionals
Duly filled application form with  photograph	Duly filled application form with photograph
Age Proof (PAN Card/ Passport/Any    other certificate from Statutory  Authority)	Age Proof (PAN Card/ Passport/Any other certificate from Statutory Authority)
Residence Proof (Passport/Driving    License/Telephone Bill/Ration    Card/Voter's ID Card/ Any other  certificate from Statutory Authority)	Residence Proof (Passport/Driving  License/Telephone Bill/Ration  Card/Voter's ID Card/ Any other  certificate from Statutory Authority)
Education qualifications (latest  degree)	Education qualifications -latest  degree (for professionals)
Last 3 month Salary-slips	Certificate & Proof of business  existence along with Business Profile
Last 2 years Form 16	Last 3 years ITR (self and business)  with Profit & Loss Account &  Balance Sheets duly  certified/audited by a Chartered  Accountant.
Last 6 months bank  statements(salary account)	Last 12 months bank statements  (self & business)
Processing fee cheque in favor of  PNB HFL Finance Ltd.	Processing fee cheque in favor of  'PNB Housing Finance Ltd.'
Photocopy of Title Documents of  the Property and Approved Plan	Photocopy of Title Documents of  the Property, Approved Plan etc.

Other Available products from PNB HFL Loan Against Property

• Home loan
• Home loan balance transfer
• Lease Rental Discounting
• Commercial Property Loans

EMI CALCULATOR