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PNB Housing Finance Home Loan Eligibility Calculator

Home Loan Eligibility Calculator PNB Housing Finance 2022

Last Updated 31st Jan 2022

Eligibility CriteriaPNB Housing Finance Home Loan
Eligible Age of Borrower21 - 70 years
Minimum Eligible Income ₹ 20,000 and above
Home Loan Eligibility Calculator

What is PNB Housing Finance Home Loan Eligibility?

PNB Housing Finance offers various home loan schemes and offers at affordable rates to eligible customers whether salaried or self-employed. PNB Housing Finance home loan eligibility is defined as a set of parameters that determines the creditworthiness of the borrowers based on factors like age, salary, occupation, property type and credit score. You can get details about the eligibility for a PNB Housing Finance home loan using the PNB Housing Finance home loan eligibility calculator. It is an online tool that uses mathematical algorithms to check if you are eligible for a home loan or not. In addition, you can know about the amount that you are eligible for.

How is Home Loan Eligibility Calculated by PNB Housing Finance?

PNB Housing Finance Housing loan eligibility is primarily dependent on income and repayment capacity. Other factors that may impact the eligibility of home loans are age, financial position, credit history, credit score, other financial obligations etc.

PNB Housing Finance Home Loan Eligibility Based on Age

  • 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 PNB Housing Finance home loan age limit to get a PNB Housing Finance home loan is 21 years at the time of loan commencement and maximum age limit is 70 years. PNB Housing Finance 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 70 of tenure.

PNB Housing Finance Home Loan Eligibility Based on Salary

  • Net income: Your net monthly income determines how much PNB Housing Finance 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 an interest rate of 7.00% offered by PNB Housing Finance, the loan amount that you will be eligible for would be ₹ 41,95,179 to ₹ 48,89,931 depending on your age. Similarly, if your salary is ₹ 75,000, you might get eligible for a loan amount of ₹ 83,90,358 to ₹ 97,79,862 for the same property at the same rate depending on your age at the time of loan application. However, PNB Housing Finance asks for a net monthly income of ₹ 20,000 to avail a home loan.
Age Net Monthly Income (₹)
25,000 50,000 75,000
25 years48.90 Lakh73.35 Lakh97.80 Lakh
30 years48.90 Lakh73.35 Lakh97.80 Lakh
35 years48.90 Lakh73.35 Lakh97.80 Lakh
40 years48.90 Lakh73.35 Lakh97.80 Lakh
45 years46.02 Lakh69.04 Lakh92.05 Lakh
50 years41.95 Lakh62.93 Lakh83.90 Lakh

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

  • Nature of employment: PNB Housing Finance 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 Housing Finance requires minimum income history and job stability of more than 0 years for salaried individuals and of 0 years for self-employed individuals.

Home Loan Eligibility PNB Housing Finance based on Value of Property

  • Value of property: PNB Housing Finance 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 Lakh90%
Between 30 Lakh and 75 Lakh80%
Above 75 Lakh75%
  • Property documents: Your property’s legal documents should be satisfactory and be cleared by the PNB Housing Finance's legal team.

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

PNB Housing Finance Housing Loan Eligibility Calculator based on FOIR

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

PNB Housing Finance Home Loan Eligibility for Women

PNB Housing Finance offers the same rates to women borrowers starting at 7.00% with similar eligibility criteria for home loan. In the 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.

Minimum CIBIL Score for PNB Housing Finance Home Loan

PNB Housing Finance considers credit score as a barometer to gauge your past credit behaviour, and hence, CIBIL score becomes the most important factor in defining your eligibility to get a home loan. A higher credit score increases your chances to get loan approval from PNB Housing Finance. However, a low CIBIL score reduces your chances to get a home loan. PNB Housing Finance requires a minimum credit score of 650 to be eligible for a home loan.

How to Enhance PNB Housing Finance Home Loan Eligibility?

You can enhance the PNB Housing Finance home loan eligibility using the tips mentioned below:

  • Add an earning family member as a co-applicant.
  • Ensure a steady income flow, regular savings and investments.
  • Provide details of your regular additional income sources.
  • Track your variable salary components.
  • Take actions to rectify errors (if any) in your credit score.
  • Repaying ongoing loans and short term debts.

How to Use PNB Housing Finance’s Home Loan Eligibility Calculator?

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

  • Go to the PNB Housing Finance website
  • Now navigate to the option PNB Housing Finance 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 .


What is the criteria to get PNB Housing Finance home loan?

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

Age21 - 70 years
Income ₹ 20,000
Income3 years for salaried, 5 years for self-employed
Credit score650 and above

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

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 Housing Finance?

The minimum salary required to avail home loan from PNB Housing Finance is ₹ 20,000.for salaried borrowers. The income criteria for self employed professionals or businessmen may vary in PNB Housing Finance.

Is PNB Housing Finance good for home loan?

The lowest interest rate provided by PNB Housing Finance is 6.99% 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.

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PNB Housing Finance Home Loan News - May 2022
  • 2022-01-31 : PNB Housing Fin Focuses on Affordable Housing Segment
    PNB Housing Finance plans to focus on its high-yielding affordable housing business Unnati in tier-II and -III cities and targets operationalising 25 new branches by March this year.
  • 2022-01-21 : PNB Housing Finance Announces Net profit for Q3
    PNB Housing Finance Limited (PNBHFL) has reported a 19 per cent decline in net profit for the quarter ended December 31, 2021, at ₹188 crores compared to ₹232 crores recorded in the same quarter in the previous fiscal.
  • 2021-09-27 : PNB Housing Finance Revises Home Loan Rates
    PNB Housing Finance has revised home loan rates for borrowers. A borrower can get an interest rate of 7.20% with a credit score above 800. A self employed can get loan at 7.40%, there is no change in rates of Unnati Home Loans.
  • 2021-07-09 : PNB Asks PNB Housing Finance To Restructure Fundraising Plan
    Government-owned Punjab National Bank has written to PNB Housing Finance Ltd, asking it to consider restructuring the Rs 4,000-crore fundraising plan which involves Home Loan and Loan Against Property. The fundraising plan announced on May 31, would have pruned PNB stake in the housing finance company to around 20% from 32.6% currently and raised the shareholding of private equity firm Carlyle to over 50%.
  • 2021-04-30 : PNB Housing Finance posted ₹127-cr net profit in Q4
    PNB Housing Finance reported a consolidated net profit of Rs 127 crore in Q4 backed by retail loans like home, personal, LAP, two-wheeler, car, education and doctor loan along with deposits which include fixed and recurring deposits. Total income during January-March was down at Rs 1,834 crore from Rs 1,952 crore in the same period of 2019-20. Interest income dropped over 7% at Rs 1,670 crore during the quarter as against Rs 1,803 crore a year earlier.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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