Punjab National Bank PNB Loan Against Mortgage of Immovable Property

A Mortgage Loan from Punjab National Bank to meet your financial needs

A low-interest loan against property to consolidate your debts

Punjab National Bank PNB Loan Against Mortgage of Immovable Property

This loan helps borrowers get access to funds by pledging their property to the bank to meet their urgent financial needs such as wedding expenses, foreign travel expenses, medical exigencies, higher education and so on. This loan can also be repurposed into a consolidation loan to pay off high-interest debts.

Features of PNB Loan Against Mortgage of Immovable Property (Loan Against Property)

Why this Loan?

  • The PNB Loan Against Mortgage of Immovable Property is meant for borrowers who want to avail financial assistance by mortgaging their property to the bank to meet their urgent financial needs other than for capital market, trading or speculative purposes
  • Borrowers can avail this scheme as a consolidation loan
  • The scheme is offered as a term loan or overdraft based on the needs of the borrower

Loan Amount

  • The maximum loan amount offered under this loan scheme is up to Rs. 5 crore


  • As of October 2020, the interest rate applicable to this loan is not mentioned on the bank’s website. Please talk to a bank representative before applying for this loan


  • This loan must be repaid within 10 years subject to the age of 65 years, whichever is earlier

Margin Money (Borrower’s Contribution to Total Cost)

  • The bank may charge 35% of the total cost as a margin for this loan. This simply means that the bank offers a maximum of 65% of the realisable value of the property under this loan scheme

Security Needed

  • The bank asks for the first charge of equitable/registered mortgage of property with a minimum residual life of 25 years

Processing Charges

  • The bank charges 0.75% of the loan amount for processing the loan

Documents Needed for Individuals (Salaried and Self-employed)

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Non Professionals: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan / Form 26AS / TDS Certificate, IT Assessment, etc.
  • Property related documents

Reference Facts

  • Punjab National Bank Website: www.pnbindia.com and www.netpnb.com (net banking)
  • Headquarters: New Delhi, India
  • Call Centre Toll-Free Number: 1800 180 2222