| Punjab National Bank Loan Against Property Highlights 2022 | |
| Interest Rates | 9.80% – 12.15%p.a. |
| Loan Amount | Rs 2 lakh-Rs 5 crore |
| LTV Ratio | Up to 65% of property value |
| Tenure | Up to 10 years |
| Processing Fee | 0.75% of loan amount (Max. Rs 1 lakh) (NIL up to 30th September 2022) |
| Minimum Income | For Salaried: Rs 25,000 p.m. Other than Salaried: Rs 3 lakh p.a. |
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Table of Contents
Punjab National Bank LAP Interest Rates
Standard Interest Rates
| CIBIL Score | Interest Rate (p.a.) | |
| Term Loan | Overdraft | |
| 750 and above | 10.55% | 11.05% |
| 700-749 | 11.05% | 11.55% |
| Less than 700 | 11.65% | 12.15% |
Interest Rates based on realizable value of immovable property:
Realizable property value of 200%-250% of loan amount
| CIBIL Score | Interest Rate (p.a.) | |
| Term Loan | Overdraft | |
| 750 and above | 10.30% | 10.80% |
| 700-749 | 10.80% | 11.30% |
| Less than 700 | 11.40% | 11.90% |
Realizable property value of 250%-300% of loan amount
| CIBIL Score | Interest Rate (p.a.) | |
| Term Loan | Overdraft | |
| 750 and above | 10.05% | 10.55% |
| 700-749 | 10.55% | 11.05% |
| Less than 700 | 11.15% | 11.65% |
Realizable property value of above 300% of loan amount
| CIBIL Score | Interest Rate (p.a.) | |
| Term Loan | Overdraft | |
| 750 and above | 9.80% | 10.30% |
| 700-749 | 10.30% | 10.80% |
| Less than 700 | 10.90% | 11.40% |
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Compare Interest Rates on Loan Against Property for Top Banks & HFCs
| Name of the Lender | Interest Rate (% p.a.) |
| State Bank of India | 9.00-11.90 |
| Bank of Baroda | 10.15-15.80% |
| PNB Housing Finance | 7.99-11.00 |
| IDFC First Bank | 7.90-15.40 |
| HDFC | 9.00-11.90 |
| L&T Housing Finance | 10.30-10.90 |
| LIC Housing Finance | 8.75-12.25 |
| Godrej Housing Finance | 9.35-14.50 |
| ICICI Bank | 9.75-10.90 |
| Tata Capital | 10.10 onwards |
| Bajaj Housing Finance | 8.60-18.00 |
| Axis Bank | 9.40-9.60 |
| Kotak Mahindra Bank | 9.50-11.70 |
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Punjab National Bank LAP Fees and Charges
| Processing Fee | 0.75% (Max Rs 1 lakh) (NIL up to 30th September 2022) |
| Documentation Charges | For loan upto Rs 50 lakh –Rs 2500/- For loan above Rs 50 lakh –Rs 5,000/- |
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Type of Punjab National Bank Loan Against Property
My Property Loan
Purpose: For all personal purposes except speculation
Loan Amount: Rs 2 lakh-Rs 5 crore
For salaried: 36 times gross monthly salary based on latest salary certificate
For non-salaried: 36 times average gross monthly income for past 3 years
LTV Ratio: Up to 65% of property value
Tenure: Up to 10 years
Security: Equitable/registered mortgage of non-encumbered property and self-occupied residential/commercial property with minimum residual life of 25 years
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Eligibility Criteria for Punjab National Bank Loan Against Property
- Individuals and joint owners having an immovable property and loan repayment capacity
- Minimum Income: Rs 25,000 p.m. for salaried applicants and Rs 3 lakh p.a. for applicants other than salaried