PNB · Loan Against Property

Punjab National Bank loan against property, 2026.

Reviewed by Rushik Patel· Last reviewed: 25 Apr 2026

Co-Founder & Business Loan Specialist

PNB loan against property from 8.9% p.a., up to Rs 5 Cr over 15 years. These are indicative lender figures; current pricing, eligibility, and processing remain lender-controlled.

Interest Rate

8.9% – 10.9%

Max Amount

Rs 5 Cr

Max Tenure

15 Years

Processing Fee

0.50%

Apply for PNB Loan Against Property Calculate EMI

PNB Loan Against Property — Key Features

What makes PNB's loan against property offering stand out.

Up to 60% LTV

Competitive PSU bank rates

Rural property also accepted

No prepayment charges

PNB Loan Against Property Rate Details

Complete breakdown of interest rate, fees, and terms.

Interest Rate (p.a.)	8.9% – 10.9%
Rate Type	Floating (linked to EBLR / RLLR)
Processing Fee	0.50% (max Rs 50,000)
Maximum Loan Amount	Rs 5 Crore
Maximum Tenure	15 Years
Prepayment Charges	2-4% of outstanding (varies)
Late Payment Fee	2% p.a. on overdue amount

PNB Loan Against Property EMI Examples

Approximate monthly EMI at 8.9% p.a. interest rate.

Loan Amount	Tenure	Monthly EMI	Total Interest
Rs 20,00,000	10 years	Rs 25,227	Rs 10,27,240
Rs 50,00,000	15 years	Rs 50,416	Rs 40,74,880
Rs 1,00,00,000	15 years	Rs 1,00,833	Rs 81,49,940
Rs 2,50,00,000	20 years	Rs 2,23,326	Rs 2,85,98,240

EMI calculated at the listed 8.9% p.a. comparison rate on reducing balance. Actual EMI, fees, and tenure depend on the lender's current approval.

Use our EMI Calculator for custom amounts

PNB Loan Against Property Eligibility

Who can apply for PNB's loan against property.

Salaried Applicants

Age: 21 – 65 years
Min Income: Rs 25,000/month
Experience: 2 years
CIBIL Score: 700+

Self-Employed Applicants

Age: 21 – 70 years
Min Income: Rs 3 Lakhs/year ITR
Business Vintage: 3 years
CIBIL Score: 680+

Documents for PNB Loan Against Property

Documents you need to apply for PNB's loan against property.

Salaried

1PAN Card & Aadhaar Card
2Last 6 months salary slips
3Last 2 years ITR / Form 16
4Last 6 months bank statements
5Property documents (Title deed, tax receipts, approved plan)
6Encumbrance certificate
7Passport-size photographs

Self-Employed

1PAN Card & Aadhaar Card
2Last 3 years ITR with computation
3Last 3 years audited financials
4Last 12 months bank statements
5Property documents (Title deed, tax receipts)
6Encumbrance certificate (15 years)
7Business registration documents

PNB vs Other Banks — Loan Against Property Rate Comparison

How does PNB's rate compare with competitors?

Bank	Rate (p.a.)	Processing Fee	Max Amount
PNB (This bank)	8.9% – 10.9%	0.50%	Rs 5 Cr
SBI	8.75% – 10.5%	0.50%	Rs 7.5 Cr
Bajaj	8.75% – 11%	1.00%	Rs 10 Cr
BoB	8.85% – 10.75%	0.50%	Rs 7.5 Cr
Union	8.9% – 11%	0.50%	Rs 5 Cr
Canara	8.95% – 11%	0.50%	Rs 5 Cr

See all Loan Against Property rates from 15 banks

Other PNB Loan Products

Explore more loan products from Punjab National Bank.

PNB Home Loan

From 8.3% p.a.

PNB Business Loan

From 10.35% p.a.

PNB Balance Transfer

From 8.3% p.a.

PNB Loan Against Property — Frequently Asked Questions

Common questions about PNB's loan against property product.

What is the maximum LTV (Loan-to-Value) for LAP?

Banks typically offer 50-70% of the property's market value as LAP. Residential properties get higher LTV (up to 70%) while commercial properties are capped at 55-60%. The valuation is done by the bank's empanelled valuer.

Can I take LAP on a property that already has a home loan?

Yes, this is called a top-up loan or second charge LAP. The combined exposure (existing loan + new LAP) should not exceed 70% of the property value. Some banks offer this as a balance transfer + top-up combination for better rates.

Which properties are eligible for LAP?

Residential flats, independent houses, commercial shops, office spaces, industrial buildings, and plots with clear title are eligible. The property should be free from litigation, have approved plans, and be in a city served by the lender.

Is LAP cheaper than a business loan?

Yes. LAP rates start at 8.75% p.a. compared to 10-16% for unsecured business loans. Since the property serves as collateral, lenders offer significantly lower rates, higher amounts, and longer tenures for LAP.

How long does LAP processing take?

LAP processing often includes property valuation, legal verification, and technical inspection and may take several working days. The lender controls the workflow and sanction timeline; confirm current requirements and timing with the lender.

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