PNB Housing Finance Loan Against Property
A loan against property, often called LAP, is a secured borrowing arrangement in which you pledge a residential or commercial property you own as collateral to raise funds while continuing to own and use the property. The property stays mortgaged with the lender until the borrowing is fully repaid, and the money raised can generally be applied to a range of legitimate needs such as business expansion, funding education, meeting medical expenses, consolidating existing debt, or family events.
PNB Housing Finance, a housing finance company that traces its roots to 1988, offers a loan against property that accepts self-occupied or rented residential property as well as commercial property as security. Its version emphasises that you retain ownership and continued use of the pledged property throughout the tenure, and it allows the income of more than one borrower to be combined when assessing eligibility.
The company highlights doorstep assistance to help move applications forward, multiple repayment options, and support after disbursement, with funds released as a lump sum to the borrower's bank account once the property's technical appraisal and legal documentation are complete. Any insurance offered alongside the loan is voluntary and is not tied to loan approval. As with any secured loan, sanction, terms, and the amount extended depend on the lender's assessment of the applicant and the property and are not guaranteed or assured.
Eligibility
Loan terms
- Accepts self-occupied or rented residential property as well as commercial property as collateral
- Borrower retains ownership and continued use of the pledged property through the tenure
- Income of multiple co-borrowers can be combined when assessing eligibility
- Doorstep assistance and post-disbursement support services
- Lump-sum disbursement to the borrower's bank account after technical appraisal and legal documentation, with voluntary (non-linked) insurance options
Documents
- Salaried: Completed application form with photograph
- Salaried: Age proof (PAN card, passport, or certificate from a statutory authority)
- Salaried: Residence proof (passport, driving licence, utility bill, ration card, or election card)
- Salaried: Educational qualification proof
- Salaried: Last three months' salary slips
- Salaried: Form 16 for the preceding two years
- Salaried: Six months' bank statements of the salary account
- Salaried: Processing fee cheque payable to PNB Housing Finance Ltd.
- Salaried: Photocopies of property title documents and approved plans
- Self-employed/Professional: Completed application form with photograph
- Self-employed/Professional: Age proof and residence proof (as for salaried)
- Self-employed/Professional: Professional/educational qualification proof
- Self-employed/Professional: Business existence proof and business profile
- Self-employed/Professional: Income Tax returns for three years with Profit & Loss accounts and audited Balance Sheets certified by a Chartered Accountant
- Self-employed/Professional: Twelve months' bank statements
- Self-employed/Professional: Processing fee cheque
- Self-employed/Professional: Photocopies of property title documents and approved plans
Fees & charges
FAQ
LAP is secured against property, so the rate is lower and the tenure longer than an unsecured personal loan — better when the need is large and long-term. The trade-off is a legal/valuation process and your property as collateral.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.