Instant Home Loan Eligibility Calculator
- Loan Products
- Housing Loans
- Affordable Housing
- Other Home Loans
- Calculators
- Knowing Your Financial Health
- Managing your Finances
- Calculating Additional Expenses
- Knowledge Hub
- Investors
- Investor Contact
- Corporate Governance
- Financials
- Latest @ PNB Housing
- About us
- The Company
- Management
- Press
- Employee
PNB Housing
Home Loan Eligibility Calculator
Home Loan Journey
How to proceed ahead
Wait! Before you begin the Home Loan application process, you should think about a few additional things. We have prepared checklist for you to save you time!
Check your Credit Score
Looking to unlock the doors to your dream home? Get started by checking your credit score today to see if you qualify for a housing loan. Don't miss out on this crucial step in the home buying process! Check your Credit ScoreDetermine Your Eligible Loan Amount
Discover how much you can borrow with our easy loan calculator! PNB Housing provides home loan up to 90%* of the property cost. Find out your eligible loan amount now. Check Your Eligible Loan Amount Step02Get Your Home Loan In – Principle Sanction letter
With our quick process, you can get your In – Principle sanction letter in just 3 minutes, so that you can focus on finding your dream home with confidence. Get Instant approval in 3 minutesCheck PNB Housing approved projects
Check the property which you’re purchasing is approved for fundingSimplify Your Application Process with Documentation
PNB Housing understands that the application procedure can be difficult. That is why, based on your credit score, we take a flexible approach and provide personalised assistance on the necessary documentation. Check the Comprehensive List of Required Documents3 minutes, hassle-free!
Overview of
Home Loan Eligibility Calculator
interest rate, and the loan term and click ‘Calculate’. Our EMI calculator will generate an approximate amount based on your input. Say
goodbye to manual errors and tedious calculations; use our calculator to plan your home loaan within seconds. Contact our customer service
experts for more information and guidance on home loans.
and compares them with the different criteria required for obtaining a Housing loan of a certain amount in its regularly updated database.
Thereafter, you get the closest estimate as per the criteria you match.
Steps to use PNB Housing
Home loan Eligibility Calculator
You can easily check your eligibility with our home loan eligibility calculator. Just follow the below mentioned steps and the calculator will
display your eligibility:
-
Step01Enter the
Net Monthly Income
-
Step02Enter the
Loan Tenure
-
Step03Enter the
Net Interest Rate
-
Step04Enter the
Other Existing EMIs
Home Loan
Eligibility Criteria
display your eligibility:
| Factor | Salaried | Self-Employed/Business Owners |
|---|---|---|
| Age | 21 to 70** | 21 to 70** |
| Work Experience | 3+ Year | 3+ Year |
| Business Continuity | – | 3+ Year |
| CIBIL Score | 611+ | 611+ |
| Minimum salary | 15000 | – |
| Loan Amount | 8 Lakh Onwards | 8 Lakh Onwards |
| Maximum Tenure | 30 | 20 |
| Nationality | Indian/NRI | Indian |
Top 5 Factors
Affect Home Loan Eligibility
Your Age – This determines what the tenure of the loan will be, which in turn will determine your home loan EMI. The longer the tenure, the lower will be the EMI and vice-versa for a given loan amount and interest rate.
The Nature and Size of your Income – Your monthly income would determine how much of an EMI commitment you are capable of taking on. This would determine how much of a surplus you make to repay your loan via EMI after your other financial commitments are met.
Your Prior Loan Commitments – Your prior financial commitments have a bearing on your eligibility as the same as deducted as regular monthly outflow from your existing income, post which a portion of EMI set for home loan repayment is calculated.
Your Credit Report – Your credit report helps the lender judge your repayment health score on other commitments which becomes an important criterion for approval or rejection of your loan.
Regulatory Guidelines – NHB too has laid down restrictions on the maximum loan amount as a percentage of the home cost. This limit varies slightly on the basis of the property cost, with lower cost homes being eligible for a higher limit and vice-versa.
Read Updated
Frequently Asked Questions
As the name suggests, a home loan eligibility calculator is an online tool that you can use to calculate home loan eligibility. You can find such a calculator for home loan eligibility on the website or apps of your lender or financial service provider. It is a great financial planning tool that is easy to use and lets you figure out how much home loan amount and monthly EMI you are eligible for, depending upon various factors that you input.
All you need to do is enter the following information:
- Gross monthly income
- Desired home loan tenure
- Rate of interest
- Any existing EMIs
- With PNB Housing home loan eligibility calculator, you even get the option to request a call back or get an instant e-sanction!
We all know that income/salary is central to your housing loan eligibility. After all, how much you earn dictates if and when you will be able to pay off a certain amount of home loan. To qualify for a PNB Housing home loan, you need to have a minimum gross monthly income of INR 15,000. This holds true whether you are a salaried individual or self-employed.
As long as you are financially capable with a good credit history, then why not? There is no written rule or law that restricts the number of home loans an individual can take to just one. Thus, you are free to apply for as many home loans as you want – whether it’s just two or more. Property and real estate investors often take up more than one home loan basis their good track record in repaying previous home loans. Our experts recommend adequate financial planning before taking up two or more home loans as it can be quite an economic burden to pay multiple home loan EMIs. Reach out to our customer care today for proper guidance on how to avail two or more home loans!
your age should be 21 years at the time of applying for a home loan from PNB Housing.
You can check the loan amount you are eligible for by filling your details on our online home loan eligibility calculator.
Yes, your age should not be more than 70 years at the time of loan maturity. For ex. if you are 45 years old, the maximum loan you can get is for 25 years and EMI would be spread throughout the loan tenure.
