Obtaining a home loan from PNB Housing is a quick and straightforward process. The bank offers up to 80-90% of the property’s market value at affordable interest rates and flexible repayment tenure.
Involving fast approval and accessible disbursal features, the bank offers various types of home loans, including home construction loans, home extension loans, and home improvement loans. Offered at low-cost EMIs, the home loan is sanctioned upon a proper assessment of various eligibility factors such as the applicant’s age, income, credit score, etc.
While the rate of interest charged by the bank depends upon the borrower’s financial profile, one could easily calculate the estimated EMI amount depending upon the loan amount, interest rate, and tenure with PNB’s home loan EMI calculator easily accessible online.
A potential home loan seeker can apply for a PNB Housing Home Loan by downloading the relevant application forms from the official website and submitting them with the required proofs to begin the loan process.
Hence, it is crucial to submit authentic documents for quick loan approval and instant money disbursal without any hassle.
Scroll down to know about the documents required for availing home loan from PNB Housing.
Documents PNB Housing Requires for a Home Loan:
Duly filled application form with photograph
The application form is different for salaried individuals and self-employed professionals. Available for download at the official PNB Housing finance website, the applicant should duly fill it with valid details and submit it along with the relevant documents.
Age proof
The applicant must submit identity proof that validates their age, such as Aadhaar Card, Passport, PAN Card, any other certificate from statutory bodies.
Residence proof
The applicant must submit any of the following documents as address proof – Aadhaar Card, Passport, Driving License, Latest Utility Bills, Ration Card, Voter ID, or Any other Certificate from Statutory Authority.
Education proof
For self-employed individuals or professionals, the applicant must submit proof of the degree of latest education qualifications.
Income proof
For salaried employees, the latest three months’ salary slips are required as proof of income. Additionally, the applicant also has to submit Form 16 for the last two years.
In the case of self-employed professionals, an applicant will be required to present a certificate and proof of business existence along with a business profile before the bank.
In addition, they may also have to disclose business financial statements, i.e. profit & loss statements, balance sheets duly certified/audited by a CA. Lastly, the candidate should also submit past three years’ ITR documents (self & business) for loan approval.
Bank statements
In the case of salaried individuals, the bank statement (salary account) for the past six months is required. For self-employed professionals, the last 12 months’ bank statement (self and business) is crucial.
Processing Fee Cheque
The applicant should draft the cheque in favour of ‘PNB Housing Finance Ltd.’
Property Documents
The applicant will be asked to submit a copy of the property documents to be mortgaged, i.e. the title deed of the property and the approved plan.
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Note: All the above documents must be self-attested by the applicant before submission.
