PNB Loan Against Property: Eligibility, Interest Rate, Documents & How to Apply

PNB LOAN AGAINST PROPERTY

Punjab National Bank provides a Loan Against Property (LAP) at an interest rate of 9.75% per annum. for amounts up to ₹5 crore and tenures of up to 10 years, making it a powerful way to unlock the hidden value of your property. Instead of parting with your property, a Loan Against Property (LAP) lets you secure substantial funds at competitive interest rates while keeping ownership, making it an ideal solution for both personal and business financial requirements.. Whether you want to expand your business, fund higher education, or consolidate debts, PNB Loan Against Property offers higher eligibility, flexible repayment, and complete transparency. The loan proceeds, however, cannot be used for speculative activities such as real estate investments, shares, or commodities, ensuring financial discipline. Backed by the trust of one of India’s largest public-sector banks, PNB LAP stands out as a secure and cost-effective borrowing solution. With CreditCares, you gain expert guidance, faster approvals, and complete support to secure the best PNB Loan Against Property deal seamlessly.

PNB Loan Against Property Highlights (2025)

 

Feature Details
Interest Rate 9.75% p.a. onwards
Loan Amount ₹2 lakh to ₹5 crore
Tenure Up to 10 years
Processing Fees Up to 1% of loan amount (minimum ₹10,000, maximum ₹75,000)
Eligible Applicants Salaried, self-employed professionals, business owners, NRIs
Usage Restriction Not allowed for speculative purposes like real estate, shares, stocks
LTV Ratio Up to 60-65% of the property’s realizable market value
Repayment Options Flexible EMI and overdraft facility options

Punjab National Bank Loan Against Property Interest Rates (2025)

Floating Interest Rates (Based on CIBIL Score)

 

CIBIL Score Term Loan Overdraft Know More
750 & above 9.75% – 10.25% p.a. 10.25% – 10.75% p.a. PNB Loan Against Property
700 – 749 10.25% – 10.75% p.a. 10.75% – 11.25% p.a. Check Eligibility
Below 700 10.85% – 11.35% p.a. 11.35% – 11.85% p.a. Apply Now

Fixed Interest Rates (Term Loan – Based on Tenure & CIC Score)

 

Tenure CIBIL Score Interest Rates (p.a.) Quick Apply
Up to 10 years 750 & above 10.75% – 11.25% Apply Here
700 – 749 11.25% – 11.75% Eligibility Check
Below 700 11.85% – 12.35% Get Details
Above 10 years 750 & above 11.25% – 11.75% PNB LAP Offers
700 – 749 11.75% – 12.25% Apply Online
Below 700 12.35% – 12.85% Check Now

Overdraft Facility (Fixed Rates – Based on CIC Score)

 

Tenure CIBIL Score Interest Rates (p.a.) Action
Up to 10 years 750 & above 11.25% – 11.75% Apply for Overdraft
700 – 749 11.75% – 12.25% Check OD Option
Below 700 12.35% – 12.85% Apply Now
Above 10 years 750 & above 11.75% – 12.25% Know More
700 – 749 12.25% – 12.75% Apply Today
Below 700 12.85% – 13.50% Quick Apply

While Punjab National Bank does not differentiate LAP interest rates based on loan amount, tenure, or occupation, many other lenders do. Hence, comparing multiple offers before applying can help you secure the most cost-effective deal.

Name of the Lender Interest Rate (% p.a.) Action
PNB Housing Finance 9.25-15.00 Apply Now
State Bank of India 9.20-10.50 Apply Now
Bank of Baroda 10.85-18.35 Apply Now
IDFC First Bank 9.00-16.50 Apply Now
HDFC Bank Limited 9.50-11.00 Apply Now
L&T Housing Finance 9.50 onwards Apply Now
LIC Housing Finance 9.50-11.55 Apply Now
Godrej Housing Finance 9.75 onwards Apply Now
ICICI Bank 10.85-12.50 Apply Now
Tata Capital 9.00 onwards Apply Now
Axis Bank 10.50-10.95 Apply Now
Punjab National Bank 10.15-14.00 Apply Now

Apply for Loan Against Property at Attractive Interest Rates With Creditcares .

Fees/Charges Amount
Processing Fee 0.75% of loan amount (Max Rs 1,00,000)
Documentation Charges Rs 2,500 for loan up to Rs 50 lakh; Rs 5,000 for loan above Rs 50 lakh

Punjab National Bank Loan Against Property – Details

 

1. Type of Loan: My Property Loan

 

  • Purpose: For all personal purposes except speculation.

  • Loan Amount: Rs 2 L – Rs 5 cr.

  • Eligibility Calculation:

    • Salaried: Up to 36 times gross monthly salary (based on latest salary certificate).

    • Non-Salaried: Up to 36 times average gross monthly income for the past 3 years.

  • LTV Ratio: Up to 65% of property value.

  • Tenure: Up to 10 years.

  • Collateral: Equitable or registered mortgage on unencumbered property, including self-occupied residential or commercial assets, with a minimum remaining life of 25 years.

Get a Loan Against Property at Competitive Interest Rates – Click Here

2. Eligibility Criteria

 

  • Individuals and joint owners having an immovable property and loan repayment capacity.

  • Minimum Income:

    • Rs 25,000 per month for salaried applicants.

    • Rs 3 lakh per annum for non-salaried applicants.

  • PNB also evaluates:

    • Credit score

    • Occupation profile

    • EMI/NMI ratio

    • Work experience

    • Other financial credentials

Note: Like many lenders, PNB considers multiple financial factors while evaluating Loan Against Property eligibility.

Documents Required for PNB Loan Against Property

When applying for a PNB Loan Against Property, it’s essential to submit the following documents:

1. Personal Identification Documents

 

  • Identity Proof: PAN Card, Passport, Voter ID, or any other government-issued ID.

  • Age Proof: Birth Certificate, Passport, or any other government-issued document indicating date of birth.

  • Residence Proof: Utility bills (electricity, water, gas), Passport, or any other document confirming current address.

2. Income Proof

 

  • For Salaried Individuals:

    • Latest 3 months’ salary slips.

    • Submit Form 16 or your Income Tax Returns (ITR) for the past two financial years.

    • Bank statements for the last 6 months.

  • For Self-Employed Professionals:

    • ITR for the last 2 years.

    • Provide the Balance Sheet and Profit & Loss Statements for the previous two years..

    • Bank statements for the last 6 months.

  • For Self-Employed Non-Professionals:

    • ITR for the last 2 years.

    • Evidence of Business Continuity (such as GST Returns or Sales Tax Returns).

    • Bank statements for the last 6 months.

3. Property Documents

 

  • Title Deed or Sale Agreement.

  • Latest Property Tax Receipts.

  • Occupancy Certificate or Completion Certificate.

  • No Objection Certificate (NOC) from the society or builder (if applicable).

4. Other Documents

 

  • Duly filled Loan Application Form with Photograph.
  • Processing Fee Cheque.

  • Any other documents as specified by PNB during the application process.

For detailed information, you can refer to the official PNB Housing Loan Against Property Documents Required page.

How to Apply for PNB Loan Against Property & Benefits of Choosing PNB Mortgage Loan

Applying for a PNB Loan Against Property (LAP) is a straightforward process that can help you unlock the value of your property for personal or business needs. Here’s a step-by-step guide along with the key benefits of choosing Punjab National Bank mortgage loans.

How to Apply for PNB Loan Against Property

 

  1. Check Eligibility

  2. Gather Required Documents

  3. Submit Application

  4. Loan Assessment & Approval

  5. Disbursement

    • Once approved, the loan amount is disbursed to your account, secured against the pledged property.

Benefits of Choosing PNB Mortgage Loan

 

  • Competitive Interest Rates

  • Flexible Loan Tenure

    • Choose a repayment period up to 10 years, based on your income and requirement.

  • High Loan Amount

    • Borrow up to Rs 5 crore depending on property value and eligibility.

  • Minimal Documentation

    • Transparent documentation process with clear PNB loan against property documents requirements.

  • Easy Application Process

    • Apply online or offline, with quick processing and approval.

  • Security & Reliability

    • Backed by Punjab National Bank, one of India’s trusted lenders, ensuring a safe and secure mortgage loan experience.

  • Internal Support & Tools

Tips to Improve Approval Chances for PNB Loan Against Property

Securing a PNB Loan Against Property (LAP) becomes easier if you follow these tips to enhance your approval chances:

  1. Maintain a Good Credit Score

    • A strong CIBIL score (above 750) increases your chances of approval and can help you get better PNB loan against property interest rates.

  2. Keep Your Income Proof Ready

    • Salaried applicants: Latest 3 months’ salary slips and Form 16.

    • Self-employed: Income Tax Returns (ITR) and bank statements for the last 2–3 years.

    • This ensures your PNB loan against property eligibility is verified smoothly.

  3. Clear Existing Debts

    • Reducing outstanding EMIs and loans can improve your EMI/NMI ratio, giving lenders more confidence in repayment capacity.

  4. Choose the Right Property

    • Ensure your property is non-encumbered, self-occupied, and meets PNB’s minimum residual life criteria.

  5. Accurate Documentation

    • Submit complete and correct PNB loan against property documents to avoid delays.

    • Include ID proof, income proof, property papers, and any other documents requested by the bank.

  6. Plan Loan Amount & Tenure Wisely

  7. Maintain a Stable Job/Business Profile

    • Lenders prefer applicants with a steady income source and consistent work experience.

  8. Consult Experts if Needed

    • Seek guidance from professionals or trusted platforms to ensure smooth processing.

Safe, Fast, Easy – Apply with CreditCares!
We are linked with PNB and other top banks, helping you secure your Loan Against Property quickly and efficiently.

PNB Loan Against Property – Commonly Asked Questions (FAQs)

 

1. What is a PNB Loan Against Property (LAP)?

A PNB Loan Against Property is a secured loan where you pledge your residential or commercial property to avail funds for personal or business needs. It offers competitive pnb loan against property interest rates and flexible tenure options.

2. Who is eligible for a PNB Loan Against Property?

Eligibility includes:

  • Individuals or joint owners with an immovable property.

  • Minimum Income Requirement: ₹25,000 per month for salaried individuals and ₹3 lakh per year for self-employed applicants.

  • Positive credit history and repayment capacity.
    For detailed criteria, check PNB loan against property eligibility.

3. What documents are required for a PNB LAP?

Applicants must submit:

  • Identity, age, and residence proof.

  • Income proof (salary slips/ITR/bank statements).

  • Property documents (title deed, property tax receipts, NOC).
    View the complete list of required documents for a PNB Loan Against Property.

4. What is the maximum loan amount I can get?

You can borrow Rs 2 lakh – Rs 5 crore depending on property value, income, and eligibility.

5. What is the tenure and interest rate?

6. Are there any processing fees?

Yes, PNB loan against property processing fee is 0.75% of the loan amount, capped at Rs 1 lakh.

7. Can I calculate my EMI before applying?

Yes! Use the PNB Loan Against Property EMI Calculator to plan your monthly installments.

8. What is the typical approval time for a PNB Loan Against Property?

Approval usually takes 7–14 working days, depending on document verification, property valuation, and applicant profile.

9. Can non-salaried/self-employed individuals apply?

Yes, PNB LAP is available for self-employed professionals and business owners, subject to income proof and credit evaluation.

10. Is the property under my name during the loan tenure?

Yes, the property remains under your ownership, with an equitable/registered mortgage as collateral.

Conclusion:

A Punjab National Bank Loan Against Property is a smart financing solution for anyone looking to unlock the value of their property at competitive PNB loan against property interest rates. With flexible repayment options, high loan amounts up to Rs 5 crore, and tenure of up to 10 years, it is one of the most reliable mortgage loan products in India.

However, navigating PNB loan against property eligibility checks, document requirements, and approval processes can be time-consuming. That’s where CreditCares comes in. We are directly connected with PNB and other top banks and assist applicants in getting faster approvals, better loan terms, and end-to-end guidance.

If you are planning to apply for a PNB Loan Against Property, visit CreditCares.in today and let our experts help you secure the best deal safely, fast, and conveniently.

Share this Blog

Table of Contents

CreditCares YT channel!

Subscribe for tips on improving your credit score, expert advice on various loans, Stay updated with the latest industry news and trends.

Featured Videos

Latest Posts