PNB HFL Home Loan Required Documents
Applying for a PNB Housing Finance Home Loan is simple and hassle-free. Ensure you have the necessary documents ready for quick approval and smooth processing. Below is the category-wise list of required documents for Salaried, Self-Employed, and NRI applicants.
Documents Required for Salaried Applicants
- Document Type: Required Documents
- Identity Proof: PAN Card, Aadhaar Card, Passport, Voter ID, or Driving License
- Address Proof: Aadhaar Card, Passport, Utility Bill (Electricity, Water, Gas), Rent Agreement
- Income Proof: Latest 3 months' salary slips and Form 16
- Bank Statements: Last 6 months’ bank statements showing salary credits
- Employment Proof: Appointment letter, employment certificate, or company ID card
- Property Documents: Agreement to Sale, Allotment Letter, or Property Title Deed
- Passport-Sized Photographs: Recent colored photographs
Documents Required for Self-Employed Applicants
- Purpose: Designed for first-time homebuyers.
- Eligibility: Salaried and self-employed individuals.
- Tenure: Up to 30 years.
- Interest Rate: Competitive rates with potential EMI waivers.
- Features: Offers 12 EMI waivers—4 each at the end of the 4th, 8th, and 12th years—subject to terms.
Other Documents Required for NRI Applicants
- Purpose: For those seeking benefits over a longer tenure.
- Eligibility: Salaried and self-employed individuals.
- Tenure: Up to 30 years.
- Interest Rate: Competitive floating rates.
- Features: Provides 12 EMI waivers—6 each at the end of the 10th and 15th years—subject to terms.
General Additional Documents for All Applicants
- Purpose: Tailored for economically weaker sections and low-income groups.
- Eligibility: Individuals with a minimum combined family income of ₹8,000 per month.
- Tenure: Up to 30 years.
- Interest Rate: Ranges from 10.50% to 12.85% p.a. for salaried and 12.00% to 13.30% p.a. for self-employed individuals.
- Features: Financing up to 90% of the property value.
PNB HFL Home Loan Eligibility Criteria
Applying for a PNB Housing Finance Home Loan? Ensure you meet the eligibility criteria to get a fast approval and the best loan offers. PNB HFL offers customized home loan solutions for salaried, self-employed, and NRI applicants with low-interest rates, high loan amounts, and flexible repayment tenure.
For Salaried Applicants
- Age: 21 - 60 years
- Employment Type: Salaried in Govt., PSU, or Private Sector
- Minimum Monthly Income: ₹25,000 per month
- Work Experience: Minimum 2 years of stable employment
- Loan Amount: Up to ₹5 crore (based on eligibility)
- CIBIL Score: 750 or above for best interest rates
- Loan Tenure: Up to 30 years
For Self-Employed Applicants
- Age: 21 - 65 years
- Business Type: Proprietorship, Partnership, LLP, or Private Limited Company
- Minimum Annual Turnover: ₹3 lakh (varies based on business type)
- Business Stability: Minimum 3 years in the current business
- Loan Amount: Based on profitability and turnover
- CIBIL Score: 750 or above for better loan terms
- Loan Tenure: Up to 25 years
For NRI Applicants
- Age: 21 - 60 years
- Employment Type: Salaried or Self-Employed Overseas
- Minimum Monthly Income: ₹50,000 or equivalent foreign currency
- Work Experience: At least 2 years abroad
- Loan Amount: Up to ₹10 crore (varies by profile)
- CIBIL Score: 750+ (or equivalent international credit score)
- Loan Tenure: Up to 20 years
Factors Affecting PNB Housing Finance Home Loan Eligibility
- Income Stability: Higher and stable income leads to better loan offers.
- CIBIL Score: A score of 750+ ensures lower interest rates and faster approvals.
- Loan-to-Value (LTV) Ratio: PNB HFL offers up to 90% of the property value as a loan.
- Existing Debt & Liabilities: Fewer existing loans increase eligibility.
- Property Location & Value: High-value properties in prime locations improve eligibility.
- Employment Type: Salaried individuals in MNCs, PSUs, and government jobs get better terms.
How to apply for PNB Housing Finance Limited Home Loan
Step-by-Step Process to Apply for PNB Housing Finance Home Loan
Step 1: Check Your Eligibility
Before applying, ensure that you meet the PNB HFL home loan eligibility criteria:
- Age: 21 to 70 years
- Income: Minimum ₹25,000 per month (salaried) or stable income for self-employed
- CIBIL Score: A CIBIL score of 700+ improves approval chances
- Employment Type: Salaried, self-employed, or NRI applicants are eligible
- Property Type: New home, resale property, plot purchase, or home construction
Use the PNB HFL Home Loan Eligibility Calculator to check your loan amount instantly.
Gather Required Documents
To ensure a hassle-free application process, keep the following home loan documents ready:
- KYC Documents (Identity & Address Proof):
- PAN Card
- Aadhaar Card / Voter ID / Passport
- Utility Bills (Electricity, Water, Gas)
- Income Proof (For Salaried Applicants):
- Last 3 months' salary slips
- Last 6 months' bank statements
- Form 16 & ITR (2 years)
- Income Proof (For Self-Employed Applicants):
- Last 2 years' ITR & Audited Financial Statements
- Business Registration Certificate
- GST Returns & Bank Statements (12 months)
- Property Documents:
- Sale Agreement / Allotment Letter
- Approved Building Plan
- NOC from Builder or Society
Apply for PNB HFL Home Loan Online or Offline
- Option 1: Apply Online (Faster Process)
- Visit the PNB HFL Home Loan Portal – Go to PNB Housing Finance.
- Fill in the Online Application Form – Enter your personal, employment, and income details.
- Upload Required Documents – Submit scanned copies of KYC, income proof, and property documents.
- Loan Offer & Approval – Get a loan offer based on your eligibility and wait for approval.
- Sign Agreement & Disbursal – Accept the offer, sign the agreement, and receive the loan amount in your bank.
- Option 2: Apply Offline at PNB Housing Finance Branch
- Visit the nearest PNB HFL branch with your documents.
- Meet the loan officer and fill out the application form.
- Submit documents for verification.
- Once approved, sign the loan agreement and receive the disbursal.
