A "low interest" loan shouldn't mean you have very little interest in paying it back!

PNB Housing Finance Limited Home Loan

PNB Housing Finance Limited Home Loan
 3.0 / 5.0   by 61 users
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Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

PNB Housing Finance Limited (PNBHFL) is a registered housing finance company with National Housing Bank (NHB). PNBHFL excels in providing a complete bouquet of services to customers to meet their Home Loan needs with Ease of applying for a loan with branches spread across India. PNBHFL provides an extensive range of home loan products like Home Purchase Loans, Home Construction Loans, Home Extension Loans, Home Improvement Loans and Plot Loans. PNBHFL give robust service delivery model door step services ensuring easy and fast approval & disbursal of loans. On BankBazaar, you can apply for a PNBHFL home loan and get e-approved in minutes.


You’re probably eligible for an PNBHFL Home Loan if you are

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02
03
04
PNBHFL Home Loan Minimum Age

At least 18 years old

PNBHFL Home Loan Maximum Age

Less than 70 years old

PNBHFL Home Loan Eligible Employment Type

Salaried or self-employed
with regular income

PNBHFL Home Loan Minimum Income

Earn more than the minimum
income required


Your PNBHFL Home Loan amount eligibility is based on these factors

01
02
03
PNBHFL Home Loan Minimum Salary

Earn more than the minimum
income required

PNBHFL Home Loan Maximum Loan to property value

Loan capped @ 90% of property value

PNBHFL Home Loan EMI

EMIs of other loans lower
your eligibility


Increase your eligible PNBHFL Home Loan amount by these steps

01
02
03
PNBHFL Home Loan Add Spouse as Co-applicant

Make your spouse a co-applicant,
and her income will add
to your eligibility

PNBHFL Home Loan Maximum Tenure

Choose longer tenure loan up to 30 years or 70 years of age whichever is earlier

PNBHFL Home Loan Add parents as Co-applicant

Alternatively add your parents


Documentation needed to apply for an PNBHFL Home Loan

  • 1. Signed application form with photograph
  • 2. ID and residence proof
  • 3. Processing fee Cheque
  • 4. Latest bank statements
  • 5. Documentation for salaried applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
  • 6. Documentation for self-employed applicants:

    • latest income tax returns
    • latest comupation of income

PNBHFL Home Loan Interest RatesUpdated on 25 May 2015

PNBHFL Home Loan Details
Interest Rate 9.95% to 11% (floating)
Processing Fees 1% of the loan amount
Loan Tenure 30 years or 70 years of age whichever is earlier
Pre Closure Charges Nil

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PNB Housing Finance Limited Home Loan Reviews

Customer Reviews
Page 1 of 4 1 2 3 4
  • Validated User
    (0)

    I got the housing loan with Punjab national housing finance for the rate of interest as 10.15%.The follow up was good.They do adhere towards the customer opinions.It is the prompt service and there is no hidden charges.They are always very transparent towards the customers.

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    avinash took a Home Loan from PNB HOUSING FINANCE LIMITED on BankBazaar.com Reviewed on
  • (1)

    I have applied home loan in other two banks which they rejected because of document mistake but pnb accepted the document and within 1 week they gave the sanction letter which is on December of last year but till now they didn't release the first amount and they didn't come to visit the site also. And we also corrected the document mistake also. We constructed building to the second floor till now they didn't appear. I Advise not to go to this lender for loan. And we also corrected the document mistake also

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    ganesh took a Home Loan from PNB HOUSING FINANCE LIMITED Reviewed on
  • Validated User
    (0)

    My experience with Punjab National Housing Finance was not upto the mark. Their online portal is not that good as it is difficult to track the application status. And for the email I send for my queries it took nearly 7 to 8 days for the response. It was a speedy process and my loan got sanctioned in 4 to 5 days and also the response was very good. One thing which I didn't like is still now I haven't received the welcome kit from them which has got the details about the loan details.

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    prakash took a Home Loan from PNB HOUSING FINANCE LIMITED Reviewed on
  • Validated User
    (0)

    Home loan service was good in the start where the disbursal was happened in 7-8 days but the post process is not good. If I try reaching them to get sort of any queries over telephone and through mails, not getting revert. I personally visited the branch of PNB housing finance in respect to collect cheque and I gave it to the builder. Apart from that fee structure are fine.

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    aman took a Home Loan from PNB HOUSING FINANCE LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (1)

    In time period of twenty working days the PNB housing finance processed the home loan and that was really good. There was some confusion in home loan documentation process as initially I was not informed about the CTS par cheques and they only informed post I submitted everything. Moreover I asked for the loan amount of 15 years but they sanctioned it for 20 years.

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    amit took a Home Loan from PNB HOUSING FINANCE LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    PNB housing finance need to improve on their customer relationship because they are taking more than 7 days if customer write anything over mail. Other than that home loan service was excellent and the interest rate were reasonable. Nice if PNB give all details of home loan on online which would help customers to check the status.

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    sonu took a Home Loan from PNB HOUSING FINANCE LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Just I transferred my home loan from one bank to PNB housing finance limited but paid interest rate to both of them in a same month. PNB should not charge the interest rate for the period where customer did not take the loan. 10.15% of interest rate is affordable for home loan and RBI has decreased the interest rate but PNB not yet reduced. Overall my experience was not satisfactory with PNB.

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    ashish took a Home Loan from PNB HOUSING FINANCE LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    PNB housing finance should incorporate new thing on Internet portal because it is not user friendly. Whenever I do contact them to change their portal, they use to say like it is under progress so PNB have to work on it. In respect to interest rate I am fine because everybody is offering same of 10.50% with less fee and charges on home loan.

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    anuj took a Home Loan from PNB HOUSING FINANCE LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Overall experience was very nice and excellent customer support by PNB housing finance limited. Whatever the availability in market of interest I got it from PNB for home loan. Executives and managers were helpful in respect to documentation and other parameters as they cleared all the things in beginning. Executive came by 9.30pm to collect documents, which is very good.

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    devvrat took a Home Loan from PNB HOUSING FINANCE LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (1)

    Some of the information was not shared to me clearly as initially I was informed that 5618 as processing charge but later PNB housing finance informed that I have to pay pre and post processing fee. Overall I paid double the amount., which was disappointing. Secondly they deducted interest rate for 21 days in the first month. Executive was not patient enough to handle the customers after the initial process so they have to focus on it. Still I havent received the registration copy for home loan. Rate of interest 10.3% is fixed for first ten years and later it would fluctuate.

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    gnana took a Home Loan from PNB HOUSING FINANCE LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    As per the market standards PNB housing finance is giving the interest rate and the charges on home loan is nominal. Right from the first day it was fine experience because the officers came my place for verification and everything went on smooth. In duration of 7 days the loan was sanctioned.

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    thyagaraju took a Home Loan from PNB HOUSING FINANCE LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (1)

    I had taken a home loan from Punjab National Bank hosing limited. The only best part about the company was their lowest rate of interest rate charges as it was the best in the market at that time. The worst part is they had deducted emi for a month without even disbursing the loan. There is no fore closure charges. There is no proper response form them as I had to write emails to them for several times.

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    alok took a Home Loan from PNB HOUSING FINANCE LIMITED Reviewed on
  • (3)

    I had a best experience at PNB housing finance limited. I have applied for home loan, the process didnt took more than 7 days and the rate of interest provided was affordable. EMI is deducted from the account on the date promised. Overall my experience with PNB housing finance limited was great.

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    vikram took a Home Loan from PNB HOUSING FINANCE LIMITED Reviewed on
  • Validated User
    (1)

    Recently, I have switched over my home loan from Axis bank to PNB housing Finance limited. The interest rate offered by PNB Housing finance limited was 10.75% which is fixed which is for a period of 10 years. There is no processing fee charged for the same. They took 10 to 15 days of time to offer this loan.

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    karuppasamy took a Home Loan from PNB HOUSING FINANCE LIMITED Reviewed on
  • (2)

    I have taken a home loan and at the time of taking every thing was OK but They do not take care of your documents properly and you have to go on making many rounds to the bank, they do not even care for EM I In time you have to remind them to submit the cheque other wise you will become the defaulter with out your fault. The charges and time any certificate are very very high they take 15 to 30 days to issue pre closure statement and the they charge very high where as other banks provide the same free of cost and in one to two days. Disappointing experience and service. I think they are fooling the customers....

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    ramesh took a Home Loan from PNB HOUSING FINANCE LIMITED Reviewed on
  • (4)

    I would suggest go for some other bank who has good process and procedure. Employees are not knowledgeable and they act like boss. Very rude to customers. There is no proper process. Verbally they will communicate something and later deny it. Worst service. If you need peace of mind , do not take loan from PNBHFL, especially Vashi Branch. Those are not well trained people working there, neither they wish to enhance their process or solve customer query. They don't deserve ratings! I would rate them as zero , i would say -1 .

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    reshma took a Home Loan from PNB HOUSING FINANCE LIMITED Reviewed on
  • Validated User
    (1)

    PNB Housing loan it was a timely help and the employees will come to my place and they will explain how the repayment works. They are ready to come to our office at any point of time, they will not disturb during office hours. The agents will also come after business hours. They have even provided a overdraft facility based on this account however I have refused to accept that.

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    prabhakar took a Home Loan from PNB HOUSING FINANCE LIMITED Reviewed on
  • Validated User
    (2)

    PNB Housing finance is ok. Customer service needs improvement I would say. As I not getting correspondence from them on time. For example if there is any change in the interest rate I will not be intimated on that. At times I may not receiving the statements also. I have to personally visit their office to collect the statement and for getting the updates.

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    vikas took a Home Loan from PNB HOUSING FINANCE LIMITED Reviewed on
  • Validated User
    (3)

    Response was very slow in PNB housing finance and if I compare with other banks, service is not that much recommendable. No issues in rate of interest and charges because all the stuffs are reasonable and affordable. Just to build home I availed home loan. EMI date is 15-16th and this is actually not fixed as I am paying in the second week of every month by visiting the branch directly.

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    vinayak took a Home Loan from PNB HOUSING FINANCE LIMITED Reviewed on
  • Validated User
    (5)

    PNB Housing loan is good. Rate of interest charged against the housing loan was ok . Processing fee charged by them was ok . They have added insurance to the loan which is really high. I myself found the property and I have got all my property documents within 10 to 20 days.

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    maninder took a Home Loan from PNB HOUSING FINANCE LIMITED Reviewed on
Customer Reviews
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