Bank
PNB Housing Finance Limited

PNB Housing Finance Limited (PNBHFL) is a registered housing finance company with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations on November 11, 1988. PNBHFL is a subsidiary of Punjab National Bank (PNB), which holds 51% of share capital in the Company.

About Home Loan

At PNBHFL, we provide loans for purchase, construction and extension of dwelling units. We offer customised Home Loan solutions with best-in-class services, full-fledged domain knowledge and simplified loan procedures.

Eligibility Criteria

  • Your age should not be more than 70 years if you are a salaried employee and not more than 65 years if you are a self-employed professional/ non-professional, at the time of loan maturity

Documents Required

Salaried Employees

Self Employed/Professionals

Duly filled Application Form with Photograph

Duly filled Application Form with Photograph

Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority)

Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority)

Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)

Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)

Education Qualifications – Latest Degree

Education Qualifications – Latest Degree (for professionals)

Latest Salary-slips for 3 months

Certificate & Proof of business existence along with Business Profile

Form 16 for last 2 years

Last 3 years Income Tax returns (self and business) with Profit & Loss Account & Balance Sheets duly certified/audited by a Chartered Accountant

Last 6 months Bank Statements(salary account)

Last 12 months Bank Account Statements (self & business)

Processing Fee Cheque in favour of ‘PNB Housing Finance Ltd.’

Processing Fee Cheque in favour of ‘PNB Housing Finance Ltd.’

Photocopy of Title Documents of the Property, Approved Plan

Photocopy of Title Documents of the Property, Approved Plan etc.

All documents need self-attestation. 

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money

About Loan Against Property

At PNBHFL, we provide loans against mortgage of existing residential/commercial immovable property in our branch locations. End use of the loan may be towards expansion of business, foreign travel, personal requirements such as education, marriage of children, family function, medical expenses, furnishing of the house, buying high cost consumer durables, etc. However, funds should be used for only a legitimate purpose.

Eligibility Criteria

  • You should either be a salaried employee or a self-employed professional/ non-professional.
  • Your age should not be more than 60 years if you are a salaried employee and not more than 65 years if you are a self-employed professional/ non-professional, at the time of loan maturity.
     

Documents Required

Salaried Employees

Self Employed/Professionals

Duly filled Application Form with Photograph

Duly filled Application Form with Photograph

Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority)

Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority)

Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)

Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)

Education Qualifications – Latest Degree

Education Qualifications – Latest Degree (for professionals)

Latest Salary-slips for 3 months

Certificate & Proof of business existence along with Business Profile

Form 16 for last 2 years

Last 3 years Income Tax returns (self and business) with Profit & Loss Account & Balance Sheets duly certified/audited by a Chartered Accountant

Last 6 months Bank Statements(salary account)

Last 12 months Bank Account Statements (self & business)

Processing Fee Cheque in favour of ‘PNB Housing Finance Ltd.’

Processing Fee Cheque in favour of ‘PNB Housing Finance Ltd.’

Photocopy of Title Documents of the Property, Approved Plan

Photocopy of Title Documents of the Property, Approved Plan etc.

All documents need self-attestation

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money