PNB HFL Home Loan Eligibility Calculator

How much am I eligible to borrow?
Loan Amount
Net income per month
Excluding LTA and Medical allowances
Existing loan commitments(per month)
Tenure
Rate of Interest
You are Eligible for amount
15 Lac
EMI per month
19,822
*These calculators are only for illustrative purposes. These figures may or may not be applicable to your particular situation. Magicbricks will not be responsible for any loss or liability arising from the use of these calculators.

PNB Housing Finance Loan Eligibility Calculator

A home loan may be required at the time of buying or constructing a property. Home loans are among the best ways to finance your new abode. In case you are thinking of availing a loan from PNB Housing Finance Limited (HFL), you should check out the Eligibility Calculator for more clarity and understanding. The loan eligibility calculator will state your creditworthiness as a consumer or a borrower to be able to repay the loan amount. Many factors determine your eligibility for a home loan. 

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How to use PNB HFL Home Loan Eligibility Calculator?

If you are willing to get a home loan from PNB HFL, you should check your eligibility through the EMI calculator. This is a very easy and efficient way. You can go through these steps to use the home loan eligibility calculator of PNB HFL –

  • Go to this site https://www.pnbhousing.com/home-loan-eligibility-calculator/
  • Enter your monthly income (salary or business income)
  • Enter the tenure of your loan
  • Insert your preferred rate of interest
  • Enter your existing loan commitments

PNB HFL Home Loan Eligibility Criteria

If you want to know in detail the eligibility criteria of PNB HFL, you can click here - Magicbricks. You can also check out the eligibility criteria in brief below –

  • Your age must be between 18 to 70 years
  • You must be an Indian or a Non-resident Indian
  • Your monthly income must be at least Rs 15,000
  • The co-applicant must earn at least Rs 10,000 per month

Factors affecting PNB HFL Home Loan Eligibility

There are some other factors affecting your home loan eligibility to a great extent. You need to ensure that you are not undermining them. Otherwise, it could lower your chances of getting a loan. Here are the factors that affect your PNB HFL home loan eligibility –

  • The present financial status of the applicant.
  • The current age determines the eligibility for home loans.
  • Applicant’s existing loans or liabilities, including other loans, credit card debt, etc.
  • Applicant’s credit score is a huge deciding factor when it comes to home loans.

Tips to Improve your Home Loan Eligibility

Now that you know the factors that can directly or indirectly determine your eligibility, you will be able to bend them your way. There are numerous ways you can do that.

Pay Your Debt On Time

If you are reckoning how to make your credit score better, you can begin with devotedly paying your debts. This will also enhance your home loan eligibility to a great extent.

Go for A Longer Loan Tenure

The EMIs become less with a longer loan tenure. This makes the lender believe that you will be devotedly paying your debts, thereby giving you an edge.

State Additional Income Sources

If you have some additional income, it is time you declare them to your lender. This will help you become eligible for a home loan at faster speed. You can state your additional income and also the sources.

Close or Finish Other Loans

In case you are paying EMIs, it is time you close them all while you start applying for home loans. This will help you improve your eligibility.

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Disclaimer: The information available on this site has been gathered from publicly available sources and is accurate to the best of our knowledge. However, please be aware that the rates and other offers may vary based on your profile and may be subject to change without notice. Therefore, we advise you to verify the information before applying for any loan through this website. Magicbricks accepts no liability for any loss arising from the use of the information on this website. Refer T&C for the detail.
(T&C link: https://property.magicbricks.com/terms/terms.html)

**This service is available in select cities only.

*These calculators are only for illustrative purposes. These figures may or may not be applicable to your particular situation. Magicbricks will not be responsible for any loss or liability arising from the use of these calculators.