Punjab National Bank Loan Against Property

Borrower Category	Interest Rate (Minimum)	Interest Rate (Maximum)	Max Loan Amount	Max Tenure	MCLR Basis
General Borrowers	12	12	₹5 crore	10 years	One-year MCLR (8.75%)
Salaried Individuals	12	12	₹5 crore	10 years	One-year MCLR (8.75%)
Self-Employed Professionals	12	12	₹5 crore	10 years	One-year MCLR (8.75%)
Business Expansion (Commercial Property)	12	12	₹5 crore	10 years	One-year MCLR (8.75%)
Medical Expenses (Personal Use)	12	12	₹5 crore	10 years	One-year MCLR (8.75%)
Education Funding	12	12	₹5 crore	10 years	One-year MCLR (8.75%)
Marriage Expenses	12	12	₹5 crore	10 years	One-year MCLR (8.75%)
Home Renovation/Furnishing	12	12	₹5 crore	10 years	One-year MCLR (8.75%)
Foreign Travel	12	12	₹5 crore	10 years	One-year MCLR (8.75%)
Consumer Durable Purchase	12	12	₹5 crore	10 years	One-year MCLR (8.75%)
Working Capital (SMEs)	12	12	₹5 crore	10 years	One-year MCLR (8.75%)
Debt Consolidation	12	12	₹5 crore	10 years	One-year MCLR (8.75%)

PNB prices LAP using its one-year MCLR (8.75% as of June 1, 2026), with spreads adjusted based on borrower risk and purpose.

Self-employed Minimum Residential Commercial Minimum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum 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Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum Maximum - Identity proof: PAN Card, Aadhaar Card, Passport, or Voter ID (mandatory for KYC compliance as per RBI guidelines, 2026). - Address proof: Aadhaar Card, Utility Bill (not older than 3 months), or Rental Agreement (self-attested copies accepted). - Age proof: Birth Certificate, PAN Card, or Passport (applicants must be between 21–65 years at loan inception). - Income proof (salaried): 3 latest salary slips, Form 16, and 6 months' bank statements showing salary credits (minimum ₹35,000/month income required). - Income proof (self-employed): ITR returns for last 2 years, CA-certified balance sheets and P&L statements, and 12 months' business bank statements. - Property ownership documents: Registered Sale Deed, Title Deed, Property Tax Receipt, and Encumbrance Certificate (last 15 years). - Technical valuation report: PNB mandates an in-house or approved valuer's assessment confirming property worth at least 150% of loan amount. PNB verifies all documents digitally and may require originals for final sanction. A ₹50 lakh Loan Against Property at 12 for 10 years results in an EMI of ₹64,484. For a ₹30 lakh loan at the same rate and tenure, the EMI is ₹38,690. Higher loan amounts increase EMIs proportionally, with ₹1 crore requiring ₹1,28,968 per month. The following table shows EMI calculations for PNB LAP across common loan amounts and tenures at the current interest rate:

Loan Amount	Interest Rate	Loan Tenure	Monthly EMI	Total Interest Payable	Total Payment
₹30 lakh	12	5 years	₹61,798	₹7,07,880	₹37,07,880
₹30 lakh	12	7 years	₹48,312	₹10,58,208	₹40,58,208
₹30 lakh	12	10 years	₹38,690	₹16,42,800	₹46,42,800
₹50 lakh	12	5 years	₹1,02,997	₹11,79,820	₹61,79,820
₹50 lakh	12	7 years	₹80,520	₹17,63,680	₹67,63,680
₹50 lakh	12	10 years	₹64,484	₹27,38,080	₹77,38,080
₹75 lakh	12	10 years	₹96,726	₹41,07,120	₹1,17,77,120
₹1 crore	12	10 years	₹1,28,968	₹54,76,160	₹1,54,76,160

Extending tenure from 5 to 10 years reduces EMI by 37% for ₹50 lakh, but increases total interest by 133%. Borrowers must balance monthly affordability against long-term cost.

Fee/Charge Type	Value	Applicability	Notes
Processing Fee	1% of loan amount	Loan Against Property	Charged by PNB; minimum and maximum caps may apply as per internal policy
Prepayment Charge	2% of prepaid amount	Fixed-rate Loan Against Property	Applicable if loan is transferred to another bank or HFC; waived for floating rate as per RBI guidelines
Documentation Charges	₹450	Self-employed applicants	One-time charge for processing income and business proof documents
Documentation Charges	₹500	Self-employed applicants (alternate source)	Slight variation observed; likely due to branch-level revisions in 2026
Processing Fee	0.90% of loan amount	Personal Loan for Doctors	Special category; may reflect in LAP for professional borrowers
Foreclosure Fee	Nil	Defence Personnel and Pensioners	Waived as part of PNB's special scheme for armed forces and retirees
Processing Fee	Nil	Defence Personnel and Pensioners	No processing fee applicable under concessional terms
Cheque Bouncing Penalty	₹500–₹750	All LAP borrowers	Varies by branch; standard penalty for dishonored EMI cheques
Legal & Technical Inspection Charges	₹3,000–₹7,500	Loan Against Property	One-time fee for property valuation and legal verification; varies by property location and type
Loan Sanction Fee	Included in processing fee	Loan Against Property	No separate charge; part of 1% processing fee
Part-Prepayment Processing	₹1,000	Fixed-rate LAP	Administrative charge for partial prepayment requests
Loan Account Closure Charges	₹500	Post-foreclosure	Applicable for documentation and file closure post repayment

PNB waives several fees for select segments like defence personnel, but most borrowers should budget ₹10,000–₹15,000 in upfront charges for a ₹10 lakh LAP, including processing and inspection. 1. Visit the official PNB website or download the PNB ONE app to begin your Loan Against Property application. You can also visit any PNB branch across India for in-person assistance. 2. Fill out the online or offline application form with personal, professional, and financial details. Ensure all information matches your submitted documents to avoid delays. 3. Submit required documents including identity proof, address proof, income verification (salary slips or ITR), and property papers. Self-employed applicants must provide business proof and balance sheets. 4. Undergo property valuation by a PNB-approved surveyor. The bank mandates physical inspection to assess market value and legal clarity of the property. 5. Wait for credit evaluation, which typically takes 5–7 working days. PNB considers your CIBIL score (minimum 750 recommended), income stability, and existing debt obligations. 6. Receive loan approval or rejection via SMS and email. If approved, PNB issues a sanction letter detailing loan amount, interest rate 12, tenure up to 10 years, and repayment terms. 7. Complete disbursal formalities by signing the mortgage deed and registering the property charge. Loan amount is credited directly to your account or as per end-use requirement. PNB's LAP application process emphasizes transparency and speed, with digital tracking available via PNB ONE.