Panjab Natational bank

Feature

Details

Interest Rate

Starts at 7.40% p.a. (up to 9.50% p.a. based on CIBIL and profile)

Processing Fee

0.50% + GST (min Rs.1,500, max Rs.15,000)

Loan Amount

Up to 90% of property value (max Rs.5 crore+ for strong profiles)

Repayment Tenure

Up to 30 years

Applicant Age

21-70 years (inclusive of repayment period)

Approval & Disbursal Time

7–15 working days (faster for complete docs)

Prepayment Charges

Nil for floating rate loans (individuals)

Eligibility (Salaried)

Rs.20,000+ monthly; 1 year job; CIBIL 700+

Eligibility (Self-Employed)

2 years business; Rs.3 lakh+ annual ITR; CIBIL 700+

Borrower Category

Interest Rate

Max Rate

Key Influencing Factors

Salaried (CIBIL ≥750)

7.40%

8.50%

Stable job, ≤Rs.30 lakh loan, PMAY eligibility

Self-Employed Professionals

8.00%

9.50%

ITR consistency, 2+ years business

Balance Transfer/Top-Up

7.30%

8.40%

Existing repayment history, add-on ≤20%

PMAY EWS/LIG/MIG

7.40% (effective ~0.90%)

8.00%

Income <Rs.18 lakh, property ≤Rs.45 lakh

Feature

Details

Interest Rate

Starts at 9.00% p.a. (up to 20.00% p.a. based on profile)

Processing Fee

₹5,000 + GST (flat for most; up to 1-2% for select cases)

Loan Amount

Up to ₹50 lakh (90% LTV under PMAY)

Repayment Tenure

Up to 30 years

Applicant Age

21 to 70 years (at maturity)

Approval & Disbursal Time

5–15 working days (doorstep service)

Prepayment Charges

Nil for floating rate; up to 2% for fixed rate

Eligibility (Salaried)

₹15,000+ monthly; 1 year job stability

Eligibility (Self-Employed)

2 years business; no mandatory CIBIL