PNB Home Loan Eligibility Calculator

PNB offers various home loan schemes and offers at affordable rates to eligible customers whether salaried or self-employed. PNB housing loan eligibility is based on factors like age, salary, occupation, property type and credit score. Detailed information on these factors is mentioned in the further sections.

• Age: Your age plays an important role in determining your eligibility and repayment capacity for home loan. Lower your age, higher will be the time period available to repay the loan, and hence higher home loan amount eligibility. The minimum age limit to get PNB home loan is 21 years at the time of loan commencement and maximum age limit is 60 years. PNB offers home loans for a maximum period of 30 Years subject to the condition that the borrower’s age at the end of the tenure must not exceed 60 of tenure.

• Net income: Your net monthly income determines how much PNB home loan EMI you are capable of paying after meeting all the living expenses based on your standard of living. For instance, if your salary is ₹ 25,000 then at interest rate of 6.75% offered by PNB, the loan amount that you will be eligible for would be ₹ 27,80,558 to ₹ 48,11,915 depending on your age. Similarly, if your salary is ₹ 75,000, you might get eligible for a loan amount of ₹ 55,61,115 to ₹ 96,23,830 for the same property at the same rate depending on your age at the time of loan application. However, PNB asks for a net monthly income of ₹ 0 to avail a home loan.

Age	Net Monthly Income (₹)
	25,000	50,000	75,000
25 years	48.12 Lakh	72.18 Lakh	96.24 Lakh
30 years	48.12 Lakh	72.18 Lakh	96.24 Lakh
35 years	45.37 Lakh	68.05 Lakh	90.73 Lakh
40 years	41.44 Lakh	62.16 Lakh	82.87 Lakh
45 years	35.82 Lakh	53.73 Lakh	71.65 Lakh
50 years	27.81 Lakh	41.71 Lakh	55.61 Lakh

You may consider repaying any loans with short tenure and high EMI in order to increase your PNB home loan eligibility.

• Nature of employment: PNB will check whether you are salaried or self-employed and the company and sector in which you are working. It also looks at your years of experience to check for job and income stability. PNB requires minimum income history and job stability of more than 2 years for salaried individuals and of 5 years for self-employed individuals.

• Value of property: PNB does not finance the entire property value. The maximum home loan eligibility would depend upon the value of the property as shown below:

Property Value	LTV
Less than 30 Lakh	90%
Between 30 Lakh and 75 Lakh	80%
Above 75 Lakh	75%

• Property documents: Your property’s legal documents should be satisfactory and be cleared by the PNB's legal team.

The housing loan eligibility calculator of PNB can be a useful tool to assess your eligibility for the loan.

• CIBIL Score: PNB considers credit score as a barometer to gauge your past credit behaviour and hence, CIBIL score becomes the most important factor to define your eligibility to get a home loan. Higher credit score increases your chances to get loan approval from PNB However, low CIBIL score reduces your chances to get a home loan. PNB requires a minimum credit score of 650 to be eligible for a home loan.

FOIR (Fixed Obligation to Income Ratio) is an important parameter used by PNB to determine your home loan eligibility. PNB considers all your fixed obligations like current EMIs into account while estimating your eligibility. Minimum FOIR required to be eligible for PNB home loan is 0.65. Calculate your eligibility with PNB home loan calculator and apply for eligible loan amount hassle free.

In the case of sole woman applicant, PNB offers a concessional home loan rate of 7.15% for women borrowers, although the eligibility criteria is the same for them. In case of a joint home loan, the woman borrower also needs to be the co-owner of the property and should have a good credit history to get the joint home loan application passed for concessional rates.

To check PNB home loan eligibility perform the following steps:-

• Go to the PNB website
• Now navigate to the option PNB home loan
• To check eligibility criteria use a home loan eligibility calculator.
• Fill the required details like loan amount required, salary, age etc.

Also you can contact the bank by calling on their customer care number 1800-180-2222/ 1800-103-2222.

Repo Rate Linked Home Loan

• Salaried and Self-employed individuals, with a monthly income of ₹ 25,000, and more.

✅What is the criteria to get PNB home loan?

The basic criteria to get a home loan from PNB are as following:

Age	21 - 60 years
Income	₹ 0
Income	3 years for salaried, 5 years for self-employed
Credit score	650 and above

✅How much home loan can I get on my salary from PNB?

The amount for which you are eligible is calculated based on the FOIR and LTV. The higher your income, and the least is your fixed obligations (mostly ongoing EMIs), the higher will be your eligibility for a home loan.

✅What is the minimum salary to get home loan from PNB?

The minimum salary required to avail home loan from PNB is ₹ 0.for salaried borrowers. The income criteria for self employed professionals or businessmen may vary in PNB.

✅Is PNB good for home loan?

The lowest interest rate provided by PNB is 7.15% which is a best rate in the market. There are no prepayment charges on floating rate based home loan. Hence, you can consider this as a good option for housing loan.

✅Does adding a co-applicant increase housing loan eligibility?

Yes, adding a co-applicant with an independent income source increases housing loan eligibility significantly. By doing so you will be able to get a higher loan amount and also both of you can save on taxes under Income Tax Act.