Home Loan: How to Apply Mortgage, it’s Benefits and Documents Required

A home loan is a type of loan provided by banks or financial institutions to help individuals purchase a home. It allows you to borrow money to cover a large portion of the home’s cost, and you can repay the loan over a certain period of time through monthly installments.

Turn your dream of owning a house into reality with the PNB Housing Home Loan. You can get financing for up to 90%* of your property’s cost. This offers appealing interest rates, requires minimal documentation, allows for a long repayment period, ensures fast disbursal of funds, and provides excellent customer service.

With more than 30 years of experience and a reputation for customer trust, PNB Housing provides Housing Loans with low-interest rates tailored to your budget. Whether you’re purchasing a home, constructing one, or renovating an existing property, you can conveniently apply for a Home Loan online and enjoy a smooth and hassle-free process.

Features & Benefits of Home Loan

Attractive Interest Rate

PNB Housing makes the process of obtaining and repaying a home loan simple and straightforward. This is made possible by offering home loan interest rates that start as low as 8.75%* per annum for salaried individuals and 8.80%* for self-employed individuals. With these competitive interest rates, borrowers can enjoy affordable repayment options.

Home Loan Product Bouquet

A home loan from PNB Housing is not limited to just buying a new home. They also offer seamless and fast loans for a range of purposes, including home purchase, renovation, construction, and home extension. Whether you want to buy a new property, make improvements to your existing home, or even build an extension, PNB Housing provides convenient loan options to meet your specific needs.

Home Loan up to a 30-Year Tenure

By opting for longer-term loans, customers have the advantage of paying lower Equated Monthly Installments (EMIs) each month, which frees up funds for pursuing other goals. PNB Housing caters to this need by offering housing loans with a tenure of up to 30 years, allowing customers to enjoy affordable EMIs. The maximum age limit for these loans is typically 70 years, ensuring flexibility and convenience for borrowers.

Easy Finance

PNB Housing understands the initial financial burden of arranging a down payment for a home. To alleviate this burden, PNB Housing offers the flexibility to sanction and finance up to 90% of the house value (the exact percentage may vary based on the loan amount). This means that you only need to arrange funds for the remaining 10% of the house value, making it easier for you to fulfill your dream of owning a home.

Low Processing Fee

When it comes to home loans, the processing fee is usually a percentage of the loan amount. PNB Housing understands the importance of keeping costs affordable for borrowers. Therefore, they charge a low processing fee that is competitive in the market.

Customer-Friendly Features & Convenience

To provide a problem-free loan experience, PNB Housing offers personalized doorstep services and post-disbursement services. This means that their representatives will come to your doorstep to assist you with the loan application process and address any queries or concerns you may have. Additionally, PNB Housing provides an online customer portal where you can access post-disbursement services conveniently.

Home Loan Eligibility Criteria

Before applying for a Housing Loan, it’s important to check the Housing Loan eligibility criteria. PNB Housing’s Home Loan eligibility criteria are simple for all salaried (private or government) and self-employed individuals.

Age Limit



Applicants should be 21 years or above at the time of applying for a home loan. Age should not exceed 70 years at the time of home loan maturity.
Monthly salary/income
INR 15,000 and above

Required CIBIL Score

Minimum 611

Work experience for salaried individuals3+ years

Business continuity for self-employed3+ years

PNB Housing understands the importance of empowering customers with information. To assist you in making informed decisions, they provide an instant loan eligibility calculator. This calculator helps you determine how much home loan you are eligible for, the suitable tenure, and the estimated EMI (Equated Monthly Installment) for the loan. Additionally, PNB Housing offers a home loan EMI calculator, which allows you to calculate the EMI amount based on your loan amount, interest rate, and tenure.

Documents Required for Home Loan

Documentation plays a vital role in the Home Loan application process. PNB Housing understands this and ensures a minimal and hassle-free documentation process for the convenience of every borrower. By streamlining the documentation requirements, PNB Housing aims to make the process easier and more efficient for applicants. The document list for getting a PNB Housing Home loan is as follows:

 For Salaried EmployeesFor Self-Employed/Professionals
Compulsory Documents such as loan application form
Compulsory Documents like loan application form

Age Proof
Age Proof
Residence Proof
Residence Proof
Education Qualifications
Education Qualifications
Income Proof which includes salary slips of last 3 months, Form 16 for last 2 years and latest 6 months bank statement
Income Proof pertaining to business and ITR, such as proof of business existence, last 3 years income tax returns, accountant-certified balance sheets, and last 12 months bank account statement
Other Documents related to the property such as title, approved plan, etc.Other Documents such as property title, approved plan, etc.

How to Apply for Home Loan Online?

Now that you have complete information on PNB Housing home loans, it is time to start applying for them. The below-listed process will help you smoothly fill out the application form and get a call back from PNB Housing’s customer care representatives:

1. You have to visit PNB Housing’s “Apply for Loan” page.

2. Enter your full name in the first option (Please use the Name mentioned in any government ID)

3. Share your working mobile number for a PNB Housing representative to contact you

4. Click on the options and select your loan amount range needed

5. Submit your email address, where you want to get detailed information about the loan application

6. Select your current location from the options for better reachability from PNB Housing’s end

7. Click on the box that affirms you have submitted legit details and want to receive notifications about the same before pressing the “Submit” button. You are one step closer to getting a Loan for your dream house with PNB Housing.

Other Options to Connect With PNB Housing for Home Loan Requirements 

PNB housing has other quick touch points as well.

  • You can call to connect with a customer care representative and share your loan requirements.
  • You can also type an SMS stating PNBHFL and send.

Frequently Asked Questions:

Can a Home Loan be Transferred from One Person to Another?

Yes, but only if the property owner wishes to sell it to a new buyer. Transferring a house loan from a seller to a buyer requires a formal process. The seller must provide the buyer with a foreclosure letter. If the buyer home loan transfers inside the bank, they must reapply for a house loan and pay the fees.

How can i calculate my home loan interest rates?

Home loan interest rates refer to the cost of borrowing money from a bank or financial institution to purchase a home. You can calculate it using EMI Calculation Formula: EMI = [P x r x (1+r)^n]/[(1+r)^n-1]
Wherein, P is the Principal, r is the rate of interest, and n is number of instalments or loan tenure in months.

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