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PNB Housing Finance Home Loan Eligibility Calculator India 2020

PNB Housing Finance Home Loan Eligibility

Last Updated 10th Sep 2020

Eligibility CriteriaPNB Housing Finance Home Loan
Eligible Age of Borrower21 - 70 years
Minimum Eligible Income ₹ 50,000 and above
  • PNB Housing Finance home loan eligibility is calculated based on your age, income, property value and repayment capacity.
  • Increase your PNB Housing Finance housing loan eligibility by adding earning family members as co-applicants or by applying for a longer tenure loan

PNB Housing Finance home loan eligibility based on salary

PNB Housing Finance offers loan to self employed and businessmen for financing the expansion or working capital requirements of their business. There are some benefits of taking loan from PNB Housing Finance:

  • Net Income: Your net monthly income (take home salary after all deductions like PF, ESI, gratuity) determines your home loan servicing capacity. It determines how much home loan EMI you are capable of paying after meeting living expenses based on your standard of living. For instance, if your salary is ₹ 25,000 then at interest rate of 8.60% offered by PNB Housing Finance, the loan amount that you will be eligible for (assuming you have no other EMI’s to pay) would be ₹ 37.18 Lakh to ₹ 41.88 Lakh depending on your age. Similarly, if your salary is ₹ 75,000, you might get eligible for a loan amount of ₹ 74.36 Lakh to ₹ 83.76 Lakh for same property at same rate depending on your age at the time of loan application.
Age Net Monthly Income (₹)
25,000 50,000 75,000
25 years41.88 Lakh62.82 Lakh83.76 Lakh
30 years41.88 Lakh62.82 Lakh83.76 Lakh
35 years41.88 Lakh62.82 Lakh83.76 Lakh
40 years41.88 Lakh62.82 Lakh83.76 Lakh
45 years40.03 Lakh60.04 Lakh80.05 Lakh
50 years37.18 Lakh55.77 Lakh74.36 Lakh

You may consider repaying any loans with short tenure and high EMI in order 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.

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. PNB Housing Finance home loan age limit to get the loan is 21 years of age at the time of loan commencement. 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 30 years for salaried borrowers and 30 years for self employed borrowers. The maximum tenure of loan that you may be eligible for will be as follows:
Your current age Max tenure for salaried Max tenure for self employed
25 years30 years30 years
30 years30 years30 years
35 years30 years30 years
40 years30 years30 years
45 years25 years25 years
50 years20 years20 years

Home loan eligibility PNB Housing Finance based on value of property

  • Value of property: PNB Housing Finance will 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%
  • Co-applicant: Adding a co-applicant increases your eligibility for home loan as it increases your repayment capacity. The co-borrower you add should have good income, low obligation and clean CIBIL record.
  • Property documents: Your property’s legal documents should be satisfactory and be cleared by the bank’s legal team.

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

Minimum CIBIL Score for PNB Housing Finance Home Loan

  • CIBIL Score: Your credit behaviour and track record from your past lenders and credit card providers gets captured in your CIBIL score. Banks consider this 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. When checking eligibility for home loan, PNB Housing Finance will look at the complete CIBIL report, which also includes all past running loans and your payment track record on loans and credit cards. Higher credit score increases your chances that your loan application to PNB Housing Finance will get approved. However, low CIBIL score will decrease your eligibility to get home loan. PNB Housing Finance requires a minimum credit score of 650 to be eligible for a home loan.

There are few factors which affect your credit score -

  • Late payments – If you have delayed in payments on your existing or past loans, it negatively affects your CIBIL score and reduces your chances of getting a loan from PNB Housing Finance.
  • High number of unsecured loans – Always keep a balance between secured and unsecured loans. More number of unsecured loans can adversely affect your credit score.
  • Usage of credit limit – Credit card bills and use of credit limit shows your credit behaviour. Outstanding credit card balance close to 30% of credit card limit reflects a potential financial stress, indiscipline on your part and may adversely impact your credit score.
  • Multiple loan applications – If you apply for loan in multiple banks at one time, it can affect your score negatively and reduce your CIBIL score. In case of application rejection from PNB Housing Finance, improve your credit worthiness to get a good score.

You can use the housing loan eligibility calculator PNB Housing Finance for quick calculation of your home loan eligibility.

PNB Housing Finance Housing Loan Eligibility Calculator based on FOIR

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


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 ₹ 50,000
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 ₹ 50,000.

Is PNB Housing Finance good for home loan?

The lowest interest rate provided by PNB Housing Finance is 8.60% 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.

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PNB Housing Finance Home Loan News - Sep 2020
  • 2020-07-31 : PNB Housing Finance introduced online application and verification platform
    PNB Housing Finance launched Ace - an innovative digital customer onboarding platform. The move is aimed at facilitating easier, safer approval and disbursal of home loans with a minimal physical interface.
  • 2020-06-08 : PNB Housing revised its home loan rates
    PNB Housing revised its home loan rates. The new home loan rates lie between 8.60% to 9.25%. The revised rates are in effect from 1 June 2020.
  • 2020-01-24 : PNB Housing Finance Q3 net profit reduced by 22%
    PNB Housing Finance net profit amount reduced by 22% to 237.02 crores from ₹302.97 crores in the corresponding period of last year. Total income on the back of a decrease in home loans reduced by 0.18% to Rs 2,074.79 crores. Further, Net Interest income stood at Rs Rs 566.1 crores.
  • 2020-01-23 : PNB Housing Finance revised Home loan interest rate
    PNB Housing Finance changed the Home Loan interest rate and the new rates will be effective from 24 January 2020. The home loan rate lies between 8.95% to 9.20% for Normal Home Loans and 10.75% to 12% for Unnanti Home Loans.
  • 2019-08-01 : PNB Housing Finance to focus on retail loans in FY20
    One of the leading housing loan providers, PNB Housing Finance is planning to focus on retail loans, including home loans and loans against property in FY20. As per the sources, their retail disbursements have shown a positive trend in Q1 and is further expected to witness steady growth ahead.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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