PNB Housing Finance

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

✓ Home Loan from ₹2 Lakhs To ₹15 Cr ✓ Multiple Lending Partners ✓ Interest Rates Starting @ 8.50%

Avail Punjab National Bank Housing Finance from Bajaj Markets with 90% of the property value as a home loan with interest rates starting at 8.50% p.a. with a maximum repayment tenure of 30 years.

PNB Housing Finance Details

Interest Rate

8.50% p.a. onwards

Loan Amount

Up to ₹ 15 Cr

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 0 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

PNB Home Loan Interest Rate 2023


Interest Rates

Salaried Applicants

8.50% p.a. onwards

Self-Employed Applicants

8.55% p.a. onwards

PNB Housing Loan Features & Benefits

  • Loan Amount: Get a Home Loan as high as Rs. 15 Cr and realize 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: It’s true! 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.

Punjab National Bank 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 Rs. 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 Home Loan Eligibility Criteria and also check out factors determining on improving eligibility criteria.

Documents Required for PNB Housing 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

Punjab National Bank Housing Finance EMI

You can calculate your PNB Home Loan EMI (Equated Monthly Installment) through the formula given below:

PNB Housing Finance Home Loan EMI = [P x R x (1+R)^N]/[(1+R)^N-1]


  • EMI is Equated Monthly Installment,

  • P is the principal amount,

  • R is the monthly rate of interest, and

  • N will be the PNB Home Loan repayment tenure (in months).

Alternatively, you can also use your Home Loan EMI Calculator tool on Bajaj Markets.

How to Apply for PNB Housing Finance Online

Here are step by step process for applying PNB Housing Finance:

  • Step 1: Enter Personal Details - Fill in your personal and income details and get instant home loan eligibility.

  • Step 2: Choose your Lending Partner - Select PNB Home Loan from the list of partners and get going.

  • Step 3: Estimate Borrowing Power - Find out the home loan amount you could possibly avail.

  • Step 4: Mention Requirement & Property Details - Fill your required home loan amount & details of property.

  • Step 5: Unlock Final Details - 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 Home Loan Schemes

  • Home purchase loan: PNB home purchase loans are meant for those individuals who are buying a newly constructed residential flat/property. The loan amounts availed as home purchase loans can be as high as ₹15 Cr.

  • Home construction loans: The loans are given to individuals who wish to build a residential housing property on their own. This loan is only available for those individuals who have a land on their own and want to build a residential property on that.

  • Home extension loans: PNB housing finance home extension loans are given to those individuals who want to extend their existing residential property. Such loans are typically taken by only those individuals who are going to witness an addition to the number of members in their family.

  • Home improvement loans: As the name suggests, home improvement loans are meant for funding the process of improving one’s home in some way. The money availed as home improvement loans generally go towards creation of false ceilings, redecorating the house from corner to corner or following work and the likes.

  • Plot loans: Plot loans are meant for those individuals who want to purchase a piece of land now and then build a home on it later. One can avail anywhere between 70-75% of the plot cost as a plot loan from PNB housing finance.

  • Home loan for NRIs: Non Residential Indians (NRIs) can also take a home loan for purchasing/constructing/extending/improving a property in their name that is standing on Indian grounds.

  • PNB Unnati Home Loans: These loans are comparatively smaller in amount with maximum principal amount limit capped at ₹35 lakhs.

Why Choose Bajaj Markets for a PNB Housing Finance Home Loan

  • Fast Online Process: Now get an online home loan with easy approval and disbursal process.

  • Minimal Documentation: Get the best home loan offers hassle-free, without any tedious paperwork.

  • Transparency Guaranteed: No hidden charges, no dubious policies, just 100% transparency – that’s what you get with PNB Home Loan.

  • Custom-made Loans: Finance your dream home with easy home loans designed to meet your specific requirements.

  • Trusted Companion: Customers across the country have sought financial enablement from us. Give us a chance and we won’t let you down.

PNB Home Loan Customer Care

One can reach out to PNB Housing Finance through their customer care number, which is 1800 120 8800.

FAQs on PNB Home Loan

  • ✔️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 interest rate on PNB Home Loan?

    The PNB Home loan interest rate starting from 8.50% p.a. for salaried applicants & 8.55% p.a. for self-employed applicants.

  • ✔️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.