PNB Housing Finance Home Loan

Loan of up to Rs. 15 Cr | Flexible Repayment Tenure | Minimal Documentation

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Salaried Employee

Business Owner

✓ Home Loan from ₹2 Lakhs to ₹15 Crores ✓ Interest Rates Starting @ 8.50% Apply Now

PNB Housing Finance loans offer competitive terms with flexible repayment options. From the sanction and tenure to the PNB Housing Loan interest rate, you can enjoy a worthwhile deal. These can help you meet financial needs pertaining to the purchase or construction of a residential property.

PNB Housing Finance Housing Loan Interest Rates and Charges 2023

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

For a detailed overview, check out the following table.

Interest Rate	8.50% 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	Nil foreclosure charges for individuals 2% of the remaining balance home loan amount + GST for non-individual entities
Maximum 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.

The PNB housing finance home loan interest rate offers can vary based on your employment status. The interest rate for salaried applicants is comparatively lower than for self-employed applicants.

Particulars	Interest Rates
Salaried Applicants	8.50% 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 the Lender	Interest Rate
Bajaj Housing Finance Limited	8.50% p.a. onwards
Home First Finance Company	9.50% p.a. onwards
ICICI Bank	9.00% p.a. onwards
India Shelter	10.50% p.a. onwards
Kotak Mahindra Bank	9.00% p.a. onwards
LIC Housing Finance	8.65% p.a. onwards
Shriram Housing Finance	11.50% p.a. onwards
Shubham Housing Finance	10.90% p.a. onwards
Union Bank of India	8.50% p.a. onwards

Disclaimer: Aforementioned loan specifics are subject to change based on the lender’s policies.

PNB Housing Finance Housing Loan - Features & Benefits

Loan Amount

Get a housing loan for a maximum amount of up to ₹15 Crores and realise your dream of owning a home

Flexible Repayment Tenure

Pay your EMIs conveniently over a repayment tenure of up to 30 years

Attractive Interest Rates

You can avail the required amount at an affordable PNB Housing Finance home loan rate starting from 8.50% p.a.

Balance Transfer Options

You can also transfer your home loan balance through the facility of balance transfer at a low PNB Home Loan interest

Property Value

You can get a loan up to 90% of the property value

Minimal Processing Fee

The processing fee charged on a home loan is very minimal and is up to 0.5% of the loan amount

PNB Housing Finance Home Loan Eligibility

Your Punjab National Bank Housing Finance home loan eligibility depends on numerous factors, including your employment status and your financial standing.

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

Documents Required for a PNB Housing Finance Home Loan

Check the list of PNB Housing Loan documents required based on the type of loan you are planning to apply for.

Keeping these documents ready will make your application process easier and faster.

Identity Proof: PAN card, Voter ID/Aadhaar card, etc.
Address proof: Aadhaar card, Passport, Driving licence, etc.
Latest Degree to validate educational qualifications
Salary slips of the 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 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:

Click on the ‘Appy Now’ tab in the ‘Home Loan’ section
Fill in your personal details and check for a home loan offer
Select PNB Housing Finance from the list of partners and get going
Find out the home loan amount you can avail
Fill in your required home loan amount & details of the property
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.

Home Loan Partners

Home Loan Quick Links

Government Schemes

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

You can calculate your PNB Bank Home Loan EMI using the EMI calculator. The EMI basically depends on the loan amount you want, PNB Housing Loan interest, repayment tenure, and CIBIL Score.

The PNB Housing Finance Home Loan is an excellent option for borrowers who prefer home loans on a fixed rate. PNB offers excellent service with faster home loan processing. Furthermore, you can apply for a range of housing loan schemes as per your eligibility and repayment capacity.

The Punjab National Bank Housing Loan offers up to ₹15 Crores, subject to your creditworthiness and repayment capacity. The loan amount is also dependent on many factors, such as the property location, income, and the type of property being purchased or constructed.

Yes. You can avail 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.

The co-applicants for a Punjab National 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.

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.

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.

The home loan interest rate in PNB Housing Finance starts from 8.75% per annum. However, if you have a good credit profile, you can also negotiate a lower PNB Housing Finance home loan interest rate.

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

The current home loan interest rate in PNB Housing Finance starts at 8.75% p.a. This rate is linked to your employment type and credit score as well as other variables like your income, loan amount and more.