| Punjab National Bank Loan Against Property Highlights | |
| Interest Rates | 10.40% – 12.75%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) |
| Minimum Income | For Salaried: Rs 25,000 p.m. Other than Salaried: Rs 3 lakh p.a. |
Table of Contents
Punjab National Bank LAP Interest Rates
Standard Interest Rates
| CIBIL Score | Interest Rate (p.a.) | |
| Term Loan | Overdraft | |
| 750 and above | 11.15% | 11.65% |
| 700-749 | 11.65% | 12.15% |
| Less than 700 | 12.25% | 12.75% |
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 | 10.90% | 11.40% |
| 700-749 | 11.40% | 11.90% |
| Less than 700 | 12.00% | 12.50% |
Realizable property value of 250%-300% of loan amount
| CIBIL Score | Interest Rate (p.a.) | |
| Term Loan | Overdraft | |
| 750 and above | 10.65% | 11.15% |
| 700-749 | 11.15% | 11.65% |
| Less than 700 | 11.75% | 12.25% |
Realizable property value of above 300% of loan amount
| CIBIL Score | Interest Rate (p.a.) | |
| Term Loan | Overdraft | |
| 750 and above | 10.40% | 10.90% |
| 700-749 | 10.90% | 11.40% |
| Less than 700 | 11.50% | 12.00% |
Compare Interest Rates on Loan Against Property for Top Banks & HFCs
| Name of the Lender | Interest Rate (% p.a.) |
| State Bank of India | 10.60-11.30 |
| Bank of Baroda | 10.85-16.50 |
| PNB Housing Finance | 9.65-13.00 |
| IDFC First Bank | 8.75-16.25 |
| HDFC | 9.35-12.25 |
| L&T Housing Finance | 9.60 onwards |
| LIC Housing Finance | 9.45-12.60 |
| Godrej Housing Finance | 9.75 onwards |
| ICICI Bank | 10.85-12.50 |
| Tata Capital | 9.85 onwards |
| Bajaj Housing Finance | 8.50-18.00 |
| Axis Bank | 9.90-10.35 |
| Kotak Mahindra Bank | 9.15 onwards |
Punjab National Bank LAP Fees and Charges
| Processing Fee | 0.75% (Max Rs 1 lakh) |
| Documentation Charges | For loan upto Rs 50 lakh –Rs 2500/- For loan above Rs 50 lakh –Rs 5,000/- |
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
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