PNB Home Loan Eligibility: See If You Qualify With These 4 Factors

BusinessPNB Home Loan Eligibility: See If You Qualify With These 4 Factors


When it comes to determining if you’re eligible for a home loan, there are several factors that you need to consider and weigh against one another. PNB Housing loan eligibility calculator will help you determine whether or not you’re likely to qualify based on four major factors: your income, your assets, your employment and the value of your home relative to your mortgage amount.

Read on to know more in detail to have an overall better understanding!

4 Factors That Will Determine If You Qualify For A PNB home loan

1) Calculate your annual income

The first step in the process is to calculate your annual income. This can be done using your most recent paycheck stubs or logging into online banking with your PNB Housing account. First, you will be asked about your gross monthly salary and deductions to give you an idea of how much money is left over each month after taxes and other items have been taken out. Once this number has been calculated, it should be entered into the PNB Housing home loan eligibility calculator to see if you qualify.

2) Calculate your monthly savings.

You can use the PNB Housing loan eligibility calculator to see if you qualify for a home loan. It will evaluate your credit score, income and down payment. Each factor is worth a certain percentage of points on the scale.

Using this information, the calculator will estimate your monthly savings if you were to take out a mortgage loan with PNB Bank. The higher your score, the more likely you will qualify for this home financing.

To calculate your monthly savings, enter these four pieces of information into the calculator:

  • Your credit score
  • Your income
  • Your down payment
  • Your expected interest rate

3) Calculate your monthly expenses.

If your monthly expense is 25% to 35% of your gross income, you may be eligible for a home loan. However, if this ratio is more than 35%, you will likely not qualify because of the minimal amount left to cover your other expenses.

To know if you are eligible for a home loan or not, you will need to run a calculation of your monthly expenses on your existing and new house. No standard percentage is used to calculate whether one qualifies for a PNB home loan or not.

Most financial institutions use 25% – 35% of one’s gross income as a benchmark for home loan eligibility. Gross income may include salary (for employed people) or profit from business or self-employment. It must be taken into consideration here that your other expenses, like savings, insurance etc., should also be factored in before deciding if you qualify for a PNB Housing home loan or not.

4) Calculate how much you can take as a loan

When taking a PNB Housing Home Loan, you will need to enter your monthly income on any existing loans in the second box on the PNB Housing net banking application and hit the “calculate” button.

Then, enter your credit score in the third box and then hit calculate once more. Finally, enter the value of any collateral available to be used as security in the fourth box, then press “calculate”. Your results will show whether or not you meet certain qualifications and how much money is needed for a down payment.


The PNB Housing loan eligibility calculator is a great way to determine if you qualify for a PNB Housing home loan. This calculator takes into consideration four different factors that can make it difficult to get approved for loans from other financial institutions. However, if you don’t have the time or patience to calculate your eligibility, this is the perfect tool.

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