PNB Home Loan Interest Rates

Whether it be for the purpose of purchasing, or constructing a home, borrowers today can avail the PNB Home Loan on Finserv MARKETS, at attractive interest rates.

These PNB home loan rates vary on the basis of a number of factors such as type of interest rate, gender and occupation of the borrower, and the amount and type of home loan. All in all, PNB home loans offer the opportunity for home loan applicants from various backgrounds to make owning or expanding their dream home a reality. 

PNB Home Loan Features

The PNB home loans serve as an affordable option thanks to their competitive housing finance interest rates.

Apart from these PNB housing interest rates, there are also a number of other useful features that make these PNB home loans an ideal option for potential borrowers. Here is a look at some of the most important features of PNB home loans:

  • PNB housing loan interest rates start at 7.35%, making them one of the most affordable home loans in the industry.

  • The loan amounts offered by PNB home loans can go as high as Rs. 5 Crores, allowing you to dream big when it comes to your homes.

  • The loan tenures for PNB home loans, or the term during which the home loan is to be repaid, can range up to 30 years.

  • Like any home loan, PNB home loans are accompanied by processing fees aside from the PNB housing loan interest. The processing fee for salaried applicants is 0.25% of the loan amount and for self-employed applicants, it is 0.50% of the loan amount. 

PNB Home Loan Interest Rate & Charges

Punjab National Bank home loan interest rates are easily some of the most competitive in the industry and are ideal for any potential borrower looking for the right lender. Here is a better illustration of the PNB home loan interest rates and the various features that accompany them: 

Interest Rate

  • 7.35% p.a. to 8.80% p.a. for Salaried Applicants

  • 7.55% p.a. to 9.10% p.a. for Self-employed Applicants

Processing Fee

  • Salaried Applicants: 0.25% of the loan amount

  • Self-employed Applicants: 0.50% of the loan amount

Loan Repayment Tenure

  • Up to 360 months (for salaried applicants)

  • Up to 240 months (for self-employed applicants)

*The charges are subject to policy changes of PNB Housing Finance, from time to time. 

PNB Home Loan Documents

After zeroing in on the PNB housing loan interest rates that apply to you as well as determining your home loan eligibility, the next step is to collate and submit the required documents for the home loan application process. Here are the documents you will be required to submit for your PNB home loan applications:

  • PNB loan application form filled out with accurate and updated information

  • Proof of identity, such as passport, Aadhaar, voter ID card, PAN card, driving license

  • Proof of residence, such as rent agreement, passport, latest electricity or telephone bills

  • Statement of Bank Account for the past 6 months

  • Income tax returns or Form 16

  • Documents related to property - receipts of property taxes, possession letter, conveyance deed, approved plan for construction

  • Personal assets and liabilities statement

Frequently Asked Questions

  • ✔️What is PNB Home Loan interest rate?

    The PNB housing loan interest rate can range between 7.35% p.a. to 8.80% p.a. for salaried applicants and 7.55% p.a. to 9.10% p.a. for self-employed applicants.

  • ✔️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.

  • ✔️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.

  • ✔️Can I convert my Home Loan rate from fixed rate to floating rate or vice-versa?

    Yes, you can convert your home loan rate from fixed rate to floating rate as well as vice-versa.

  • ✔️Am I eligible for top-up on my existing Home Loan?

    With the PNB Home Loans, you can top up your loan at any point during the tenure.