✓ Home Loan from ₹2 Lakhs To ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.65%


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PNB Housing Finance loans are competitive and have flexible repayment options. From the sanction and tenure to the PNB home loan interest rates, you can enjoy a worthwhile deal. These can help you meet financial needs pertaining to the purchase or construction of a residential property. To know more about Punjab National Bank Housing Finance Home Loan, read on. 

PNB Housing Finance Housing Loan Interest Rates and Charges 2023

Knowing the PNB Housing Finance home loan interest rate is important, as is knowing the other charges associated. This includes the PNB home loan processing fee and other administrative charges applicable.

For a detailed overview, check out the following table. 

Interest Rate

8.75% p.a. onwards

Loan Amount

Up to ₹15 Crores

Processing Fees

Up to 0.50% of the loan amount.

Penal Interest Rate

Up to 2%

Prepayment/Foreclosure Charges

If the applicant is an individual entity, there will be nil foreclosure charges. If the applicant is a non-individual entity, the foreclosure charges will be 2% of the remaining balance home loan amount + GST.

Max Repayment tenure

Up to 30 years

Types Available

Fixed and Floating Interest Rate


Disclaimer: The PNB housing finance interest rates and other charges for the home loan are subject to change at the lender’s discretion. 

Do note that the PNB housing finance home loan interest rate offers will vary based on your employment status. Salaried applicants enjoy a lower rate, and here is the difference. 


Interest Rates

Salaried Applicants

8.75% p.a. onwards

Self-Employed Applicants

8.80% p.a. onwards


Disclaimer: The PNB Housing Finance home loan rate mentioned is subject to change based on the lender’s policies.

Compare PNB Housing Finance Home Loan with Other Partners

Name of Lender

Interest Rate

Bajaj Housing Finance Limited

8.85% onwards

Home First Finance Company

9.50% onwards


9.00% onwards

LIC Housing Finance

8.65% onwards

Shriram Housing Finance

11.50% onwards

Shubham Housing Finance

10.90% onwards

Union Bank of India

9.00% onwards 


Disclaimer: The PNB Housing Finance home loan details mentioned are subject to change based on the lender’s policies.

PNB Housing Finance Housing Loan - Features & Benefits

  • Loan Amount: Get a Home Loan as high as ₹15 Crores and realise your dream of owning a home.

  • Flexible Repayment Tenure: Pay your EMIs conveniently over a repayment tenure that ranges between 10 years to 30 years. 

  • Attractive Interest Rates: You can avail your Home Loan at affordable interest rates starting from 8.50%.

  • Balance Transfer Options: You can also transfer your Home Loan balance through the facility of balance transfer at a low rate of interest.

  • Property Value: You can get a loan up to 90% of the property value. 

  • Minimal Processing Fee: The processing fee charged on Home Loan is very minimal and is up to 0.5% of the loan amount.

PNB Housing Finance Home Loan Eligibility

  • The age of the applicant must be above 21 years when applying for the loan and below 70 years at the time of loan maturity.

  • The net income of the applicant must be above ₹18,000 per month.

  • A minimum work experience of minimum 3 years is mandatory for salaried applicants.

  • Business vintage of minimum 5 years is required for self-employed applicants.

Calculate your PNB Housing Finance Home Loan Eligibility Criteria and also check out factors determining on improving eligibility criteria.

Documents Required for PNB Housing Finance Home Loan

  • Identity Proof: PAN/Voter ID/Aadhaar Card

  • Address proof: Aadhaar Card/Passport/Driving License

  • Latest Degree to validate educational qualification

  • Salary slips of last 3 months (for salaried applicants)

  • Certificate & Proof of business existence (for self-employed applicants)

  • Form 16 for the last 2 financial years (for salaried applicants)

  • ITR for the last 3 financial years (for self-employed applicants)

  • Self-attested copy of the Title Documents of the Property and Approved Plan

Do note that this list of the PNB Housing Finance loan documents required isn’t exhaustive, and the lender may request for others, if needed. 

How to Apply for PNB Housing Finance Home Loan Online

Here are the steps to apply for a PNB Housing Finance Home Loan on Bajaj Markets:

  • Step 1: Click on the ‘Appy Now’ tab in the ‘Home Loan’ section

  • Step 2: Fill in your personal details and check for a home loan offer 

  • Step 3: Select PNB Housing Finance from the list of partners and get going

  • Step 4: Find out the home loan amount you can avail

  • Step 5: Fill in your required home loan amount & details of the property

  • Step 6: Find out your loan details along with all the charges and net disbursal amount

Post this, a loan expert will connect with you to process your application further.

PNB Housing Finance Home Loan FAQs

✔️Is PNB Housing Finance part of PNB bank?

PNB Housing Finance Limited (PNB Housing) is a registered housing finance company with National Housing Bank (NHB). It was consolidated under the Companies Act, 1956 and started its procedure on November 11, 1988. PNB Housing is advanced by Punjab National Bank (PNB).


✔️What is the EMI that needs to be paid on PNB Home Loan?

You can calculate the EMI using the EMI calculator. EMI basically depends on the loan amount you want, interest rate, repayment tenure, and CIBIL Score.


✔️What is the maximum loan amount provided by PNB Housing Finance?

For a home loan, PNB Housing Finance offers up to ₹15 crores, subject to your creditworthiness and repayment capacity. The loan amount is also dependent on other factors such as the location of the property, your income, and the type of property being purchased or constructed.


✔️Can I get tax benefits from PNB Housing Finance Home Loan?

Yes, you can avail of tax benefits under Section 80C and Section 24 of the Income Tax Act for the principal and interest components of the home loan, respectively. The tax benefits are subject to certain conditions and limitations, and you should consult a tax professional for more information.


✔️Who can be the co-applicants to PNB Housing Finance Home Loan borrowers?

The co-applicants for a PNB Housing Finance home loan can be any immediate family member, including a spouse, parent, sibling, or child. However, the co-applicant must have a regular source of income and meet the lender's eligibility criteria.


✔️What is the moratorium period for PNB Housing Finance Housing Loans?

The moratorium period, also known as the pre-EMI period, is the time during which the borrower is not required to pay the EMI but only the interest on the loan amount disbursed. PNB Housing Finance offers a moratorium period of up to 36 months, subject to the terms and conditions of the loan.


✔️Is a PNBHFL home loan available for the purchase of a plot?

Yes, PNB Housing Finance offers home loans for the purchase of a plot of land, subject to certain conditions and eligibility criteria. The loan amount, interest rates, and repayment tenure may vary depending on your creditworthiness and other factors such as the location and size of the plot.


✔️What is the PNB home loan interest rate of ₹ 25 Lakh for 15 years?

PNB provides home loans of up to ₹25 lakhs at a rate of interest starting from 8.50%  per annum. However, if you have a good credit profile, you can also negotiate a lower interest rate from the bank.


✔️Do I get tax benefits on a Home Loan from PNB?

Yes. Section 24 and Section 80C of the Indian Income Tax Act of 1961 allow Indian residents to avail tax benefits on the principal amount as well as interest payments for a home loan.


✔️At what interest rate does a PNB employee get a home loan?

PNB gives a concession of around 1% on home loan interest rates to its employees.


✔️What is the effect of part prepayments on PNB housing finance EMI?

With part prepayments, you can repay your loan faster by significantly lowering the outstanding amount of your home loan.