| Parameter | Details |
|---|---|
| Purpose | Personal needs/use |
| Eligible Borrowers | All Housing Loan borrowers |
| Existing Borrowers | Eligible |
| New Borrowers | Eligible |
| Takeover Cases | Eligible |
| Business Use | Not permitted |
| Speculative Purpose | Not permitted |
| Facility 1 | Overdraft |
| Facility 2 | Term Loan |
| Term Loan | Minimum ₹2 lakh; maximum ₹250 lakh (₹2.50 crore) |
| Overdraft | Minimum ₹2 lakh; maximum ₹50 lakh |
| Margin | Nil |
| LTV Requirement | 80% and 75% on combined Housing Loan + OD Limit, based on realizable value of house/flat |
| OD Repayment | Account renewed annually |
| Term Loan Repayment | 10 years or remaining Housing Loan period, whichever is lower |
| Security | Extension of charge on mortgaged/to-be-mortgaged immovable property |
| Interest Rate | As per PNB’s applicable rate |
| Processing/Documentation Charges | As per applicable PNB charges |
Important distinction
This is not a normal personal loan for everyone. The PNB page specifically says it is an additional facility for existing/new/takeover Housing Loan borrowers, and the loan cannot be used for trade/business or speculative purposes