PNB Housing Finance Limited
PNB Housing Finance offers home loans at rates of interest starting at 8.25% p.a. depending on the nature of employment and credit score.
Loans can be availed for up to 90% of the cost of the property for a maximum repayment tenure of 30 years. The processing fee is charged at the rate of up to 0.50% of the loan amount (plus taxes).
PNB Housing Loan Highlights
Interest Rate | 8.25% p.a. onwards |
Loan Amount | Minimum: NA, Maximum: 90% of property cost |
Processing Fees | Up to 0.50% of the loan applied for + Applicable Taxes |
Max Tenure | 30 Years |
Rate Packages Available | Floating Rate |
If you plan to apply for a PNBHF loan to buy property/plot or construct your own house, then you need to know the other home loan-linked fees and charges. Make sure you're aware of all your responsibilities before you take a loan.
Latest PNB Housing Loan Interest Rates
Home Loan Interest Rate for Amounts up to Rs. 35 lakh
Credit Score / CIBIL Status | Salaried (Starting Rate) | Non-Salaried (Starting Rate) |
Credit score of 825 or above | 8.25% | 8.55% |
Credit score greater than 800 up to 825 | 8.80% | 8.90% |
Credit score greater than 775 up to 799 | 9.05% | 9.55% |
Credit score greater than 750 up to 775 | 9.15% | 9.70% |
Credit score greater than 725 up to 750 | 9.40% | 10.10% |
Credit score greater than 700 up to 725 | 9.75% | 10.45% |
Credit score greater than 650 up to 700 | 10.15% | 10.65% |
Credit score of 650 or below | 10.15% | 10.65% |
NTC CIBIL score of 170 or above | 9.95% | 10.35% |
NTC CIBIL score below 170 | 10.05% | 10.45% |
Home Loan Interest Rate for Amounts above Rs. 35 lakh
Credit Score / CIBIL Status | Salaried (Starting Rate) | Non-Salaried (Starting Rate) |
Credit score of 825 or above | 8.25% | 8.55% |
Credit score greater than 800 up to 825 | 8.85% | 8.95% |
Credit score greater than 775 up to 799 | 9.15% | 9.70% |
Credit score greater than 750 up to 775 | 9.25% | 10.05% |
Credit score greater than 725 up to 750 | 9.55% | 10.15% |
Credit score greater than 700 up to 725 | 9.95% | 10.65% |
Credit score greater than 650 up to 700 | 10.35% | 10.85% |
Credit score of 650 or below | 10.35% | 10.85% |
NTC CIBIL score of 170 or above | 10.15% | 10.55% |
NTC CIBIL score below 170 | 10.25% | 10.65% |
Commercial Property Purchase Loan Interest Rates
Credit Score / CIBIL Status | Commercial Property Loan (Starting Rate) |
Credit score of 825 or above | 9.00% |
Credit score greater than 800 up to 825 | 9.85% |
Credit score greater than 775 up to 799 | 10.35% |
Credit score greater than 750 up to 775 | 10.85% |
Credit score greater than 725 up to 750 | 11.15% |
Credit score greater than 700 up to 725 | 11.65% |
Credit score greater than 650 up to 700 | 11.90% |
Credit score of 650 or below | 11.90% |
NTC CIBIL score of 170 or above | 11.55% |
NTC CIBIL score below 170 | 11.80% |
Loan Against Property Interest Rates
Credit Score / CIBIL Status | Loan Against Property – NHL Fixed / Fixed + Floating (Starting Rate) | Loan Against Property – Fixed + Floating (Starting Rate) |
Credit score of 825 or above | 9.00% | 10.00% |
Credit score greater than 800 up to 825 | 9.85% | 10.25% |
Credit score greater than 775 up to 799 | 10.35% | 10.50% |
Credit score greater than 750 up to 775 | 10.85% | 10.75% |
Credit score greater than 725 up to 750 | 11.15% | 10.75% |
Credit score greater than 700 up to 725 | 11.65% | 10.75% |
Credit score greater than 650 up to 700 | 11.90% | 11.25% |
Credit score of 650 or below | 11.90% | 11.25% |
NTC CIBIL score of 170 or above | 11.55% | 11.25% |
NTC CIBIL score below 170 | 11.80% | 11.25% |
Compare: Lowest Home Loan Interest Rate
PNB Housing Finance is a branch Punjab National Bank. The bank has an enormous customer base and provides a widespread line of home loan products for the public, private builders, government employees, etc. PNB Housing Finance home loans can be availed by visiting one of their several branches spread across the nation.
The features and benefits of the loans are as follows:
- Rate of interest that starts as low as 8.25% p.a.
- Floating rate of interest that is linked to the benchmark rate – PNBHFR. This gives you the benefit of lower rates of interest when compared to loans with fixed interest rates. It translates to greater savings for you over the long term.
- PNB has tied up with prominent insurance companies so you can get your loan repayments insured. This helps to protect you financially even in the case of unfortunate events that could hamper the repayment of your loan.
- Doorstep services ensure quick and hassle-free disbursal of the loan.
- A wide range of loan products within the home loan category including loans for home improvement, home extension, and purchase of plots.
- Repayment options through Electronic Clearance System (ECS) and post-dated cheques make it easier to pay back the loan at your convenience.
- Repayment tenures of up to 30 years which offer more time to repay the loan in a stress-free manner.
- In case of increase in the cost, there is the facility to enhance the loan amount.
Calculate your home loan EMI in a minute with the help of PNB HFL Home Loan EMI Calculator. Enter your loan details, including the loan amount, interest rate, processing fee, and tenure, and click on “Calculate”. You can also view a detailed break-up of your repayment schedule through an amortisation table.
PNB Housing Finance Loan EMI Calculator
PNB Housing Loan Schemes and Offers
Scheme Name | Purpose & Loan Details | Key Features & Tenure |
Home Loan (Purchase / New Home) – PNBHFL | •Purchaseof new orpre-ownedresidential property• Funding up to ~90% of property value• Suitable for salaried individuals, self-employed professionals, and families | • Flexible repayment options based on borrower profile• Competitive interest rates depending on credit and financial standing• Tenure up to 30 years for manageable EMIs |
Home Construction Loan – PNBHFL | • Construction of a house on owned land• Covers construction costs,labour, materials, and other expenses• Ideal for borrowers wanting to create a custom home | • Staged disbursement according to construction progress• Flexible repayment schedules• Tenure up to 30 years for gradual repayment |
Plot Loan (Residential Plot) – PNBHFL | •Purchaseof residential plots in urban or semi-urban areas• Funding based on plot market value• Suitable for building later or investment purposes | • Can be combined with construction loan later• Online application facilities• Tenure typically 20 to 25 years with flexible interest rates |
Home Loan for NRIs / PIOs – PNBHFL | • Purchase, construction, or renovation of residential property in India• Loan amount based on property value and borrower profile• Designed for overseas Indian residents | • Simplified documentation for NRIs/PIOs•Optionto repatriate EMIs• Tenure up to 30 years for long-term planning |
Roshni Home Loan (Affordable Housing) – PNBHFL | • Affordable housing loans ranging Rs 5 lakhtoRs 50 lakh• Funding up to 90% of property value• Ideal for first-time homebuyers and low-to-middle income families | • Minimal income documentationrequired• Structured tomaintainaffordability• Tenure up to 30 years with manageable EMIs |
CLSS under PMAY (EWS / LIG / MIG) – PNBHFL | • Government-backed interest-subsidisedloan• Targeted at EWS, LIG, MIG borrowers• Funding based on property value with subsidy applied | • Lower effective interest rates via subsidy• Long repayment options, 20to30 years depending on category• Makes housing affordable for lower and middle income groups |
Housing Loan for Public / PNB Pride / Gen‑Next Housing Loan – PNB | • Home purchase loans for government employees, young professionals, and select public segments• Funding based on property value and borrower profile | • Competitive interest rates• Faster processing and flexible repayment schedules• Tenure up to 30 years for EMIs aligned with salary growth |
PNB Housing Loan Eligibility
Given below are the eligibility criteria you will have to fulfil to apply for a home loan from PNBHFL:
Documents Required
The list of documents required for salaried individuals and self-employed individuals are given below. While there are some common documents, there are also some that are unique to each category.
Documents Required for Salaried Individuals:
All the documents given below have to be self-attested by the applicant.
Age Limit | The age of the applicant must be 21 years or above. The age of the applicant should not exceed 70 years at the time of home loan maturity. |
Monthly salary/income | Rs.15,000 and above |
Required CIBIL Score | Minimum 611 |
Work experience for salaried individuals | 3+ years |
Business continuity for self-employed | 3+ years |
Documents Required for Professionals/Self-Employed Individuals:
All the documents given below have to be self-attested by the applicant.
Eligibility Proof | Documents Required |
Proof of residence | Telephone bill/election card/ration card/driving license/passport/any relevant certificate from a Statutory Authority |
Proof of age | Passport/PAN Card/any relevant certificate from a Statutory Authority |
Proof of educational qualifications | Latest degree certificate (for professionals) |
Proof of income |
|
Other Requirements:
- Application form that is filled up accurately (which can be downloaded from the website of PNB Housing Finance Limited) along with photograph.
- Photocopy of the approved plan or property title documents.
- Cheque for processing fee made in favour of 'PNB Housing Finance Ltd'.
How to Apply for PNB Housing Finance Home Loan
A home loan from PNB Housing Finance can be applied in the three methods listed below:
- Through BankBazaar: You can visit the BankBazaar website and navigate to the home loan section. There, you will be able to see a list of loan providers. You can click on the 'Apply Now' button against PNB Housing Finance Home Loan and follow the instructions to set the application process rolling.
- Through the official website of PNB Housing Finance: Another way to apply for a home loan from PNB Housing Finance
Step 1: Visit the Official Website: Open the official PNB Housing Finance website on your device.
Step 2: Locate the Home Purchase Loan Section: Find the section for Home Loans and click on ‘Instant Loan in 3 Minutes - Apply Now’ under the Home Purchase Loan category.
Step 3: Follow the Online Instructions: You will be redirected to a dedicated application page. Fill in your personal, financial, and property details accurately as per the instructions on the website.
Step 4: Upload Documents: Attach scanned copies of all necessary documents such as identity proof, address proof, income statements, and property papers.
Step 5: Track Your Application: Once submitted, you can monitor the status of your application directly through the PNB Housing Finance portal, ensuring complete transparency
- Offline application: You can apply for the home loan using the offline mode. All you need to do is visit the nearest branch along with the necessary documents. In case, you need any assistance you can contact PNBHFL customer care on the toll-free numbers.
PNB Housing Finance Headquarters:
9th Floor, Antriksh Bhavan, 22 Kasturba Gandhi Marg,
Near Connaught Place, New Delhi - 110001
Contact Number: 1800 120 8800
Why Apply for a PNB Housing Finance on BankBazaar.com?
Applying for a home loan on BankBazaar offers the following unbeatable advantages:
- Save Time: Avoid running around for your PNB HOUSING home loan. From checking out all the features, to applying and running down the list of required documents, to finally receiving confirmation from PNB HOUSING, everything happens quickly and smoothly- thanks to BankBazaar's interactive and informative approach.
- All the Information You Need: Everything important, from the basic terms and conditions to the eligibility factors, from PNB housing finance interest rate to documentation required, find everything you need, here!
- Compare and Review: Compare the PNB HOUSING home loan against other loan options available in the Indian market. Read reviews from your peers about their own borrowing experience, clear nagging queries by contacting BankBazaar's expert customer support team.
- Simple and Transparent Application Process: No hidden charges, no red-tape, not too technical that only a rocket scientist can understand, and immensely respectful of your requirements and limitations.
- 100% Safe: Your personal information is treated with the maximum care, never shared with anyone other than PNB HOUSING and passed through robust, encrypted systems that have 0% tolerance towards malicious intent.
How to Apply for a PNB Housing Finance Limited on BankBazaar.com
FAQ on PNB Housing Finance
- How is the loan disbursed?
The loan is disbursed either in installments or as a lump sum depending on the requirements. For flats or houses under construction, it is disbursed in regular stages depending on how the construction is progressing. For purchasing a flat or house on resale, the loan is paid in a lump sum.
- Is PNB Housing Finance available all over India?
Yes, PNB Housing Finance has a wide network all over India.
- Does the applicant have to make a contribution?
Yes, the applicant has to make a contribution that is 10% of the total cost of the property (for purchase of property, this includes registration charges and stamp duty).
- Is there any security required for the loan?
The security required is a first charge which is in the form of an equitable mortgage of the property that is to be financed and/or any other securities that can be taken as collateral.
- What is the maximum tenure for a PNB Housing Finance loan?
The maximum tenure varies depending on the type of loan and the applicant’s profile. Typically, home loans are offered for up to 30 years, allowing borrowers to manage EMIs comfortably over a longer period.
- Are there any prepayment or foreclosure charges?
PNB Housing Finance allows for prepayment of the loan either partially or fully. For floating-rate loans, prepayment is generally free, while for fixed-rate loans. Nominal foreclosure charges may apply as per the bank’s guidelines.
- Can an NRI apply for a PNB Housing Finance loan?
Yes, Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) can apply. Specific documentation related to NRI status, income abroad, and property in India is required. Loans for NRIs may also have slightly different interest rates and terms.
- How is the interest rate determined?
Interest rates are based on the type of loan, borrower profile, credit score, and the current market rates. PNB Housing Finance offers both fixed and floating interest rate options depending on the product selected.
- Can the loan be used for home renovation or improvement?
Yes, PNB Housing Finance offers home improvement loans specifically for renovation, repair, or extension of an existing property. The loan amount is based on the estimated cost of the work, and repayment tenure is generally aligned with standard home loan norms.
- What should I consider before applying for a PNB Housing Finance home loan?
Before applying, assess your financial capacity, including income, expenses, and existing EMIs, to determine a comfortable loan amount. Consider the type of property because it affects disbursement. Review interest rates, tenure, prepayment policies, and charges. Check eligibility, required documents, and any applicable schemes like PMAY or affordable housing loans to choose the loan that best fits your needs.
News about PNB Housing Finance
PNB Housing Finance Q1 results released
PNB Housing Finance Ltd. recorded a hike of 47.8% in its consolidated net profit after tax for the first quarter of the financial year ended June (Q1FY24) to Rs.347.32 crore. In the last finance year, the organization has earned a profit of Rs.234.96 crore. The consolidated net profit rose by 24.4% from Rs.279.28 crore in Q4FY23.
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