If you want to secure an PNB Housing Finance Mortgage Loan, you need to take the following steps:

1. Firstly visit the PNB Housing Finance portal to fill in the digital application form completely for a mortgage loan at lowest minimum interest rate available 
2. A few important documents such as KYC, Financial, and Property need to be submitted 
3. The PNB Housing Finance  then initiates the mortgage loan process that includes legal and technical verification 
4. The loan eligibility of the applicant is determined by the NBFC. They then provide you with a sanction letter. It includes the following details: sanctioned loan amount, interest rate, loan tenure, type of interest rate applicable, EMI payable, validity of sanction letter, special conditions (if any), and other terms and conditions 
5. Finally, after completely verifying the documents,  a mortgage loan disbursement is raised, and a cheque is issued.  

A few documents that you need to submit while applying for a PNB Housing Bank Finance Mortgage Loan are given in a tabular form below:

PNB Housing Finance Mortgage Loan provides for you with mortgage loans having attractive lowest minimum interest rates. Besides, they also offer a Loan Against Property (LAP) package for a wide variety of purposes such as expansion of business, foreign travel, and personal requirements such as marriage.

After submitting all the required documents for a mortgage loan, the PNB Finance should not take more than 7-15 days to get the loan sanctioned.

It is a minimum CIBIL score of 611+ and above that is needed to secure a PNB Housing Finance Mortgage Loan.

The maximum mortgage loan amount sanctioned by PNB Housing Finance is up to Rs 5 crore and the minimum is Rs 2 lakh.

It is not legally necessary or mandatory to have a co-applicant while applying for a PNB Housing Finance Mortgage Loan. Although, if you do possess one it only helps in significantly improving your loan eligibility and proving to your lender your ‘Creditworthiness’.

The rate of interest for PNB Housing Finance Mortgage Loan is Floating interest rate which is linked to MCLR ( MARGINAL COST OF FUNDS BASED LENDING RATE ) Therefore it will change every time the repo rates gets reused by the regulator

When you possess IT returns of three financial years to show, it only means that the chances of you securing a PNB Housing Finance Mortgage Loan increases significantly. However, you can secure it even if you do not have IT returns of three financial years, if you are looking for a small mortgage loan amount and you have a good CIBIL score to prove that you are ‘Creditworthy’.

After applying and submitting all the necessary documents for an PNB Housing Finance Mortgage loan, this bank provides you with disbursal of mortgage loan anywhere within 4 – 5 working days.

To know more about PNB Housing Finance Mortgage Loan, a few additional details are given below:

1. Types of PNB Housing Finance Mortgage Loan:

   There are few types of PNB Housing Finance Mortgage Loan. They are given below: 

   1. Loan Against Property PNB Finance Mortgage Loan:

      It is a mortgage loan package designed by PNB Finance that you finance both business and personal requirements 

   2. Lease Rental Discounting:

      This a mortgage loan provided by PNB offers 80% of the future rent receivable within the unexpired period of lease deed.