PNB Housing Finance Limited Home Loan

PNB Housing Finance Limited Home Loan
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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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PNBHFL Home Loan Minimum Age

At least 21 years old

PNBHFL Home Loan Maximum Age

Less than 60 or 65 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

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PNBHFL Home Loan Minimum Salary

Earn more than the minimum
income required

PNBHFL Home Loan Maximum Loan to property value

Loan capped @ 80% to 85% of property value

PNBHFL Home Loan EMI

EMIs of other loans lower
your eligibility


Increase your eligible PNBHFL Home Loan amount by these steps

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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

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 31 Aug 2014

PNBHFL Home Loan Details
Interest Rate (Monthly reducing balance) 10.50% to 11%
Processing Fees 0.5% of the loan amount or Rs.10,000
Loan Tenure 1 year to 30 years
Partial pre-payment Charges Nil
Pre-closure Charges Nil
Guarantor Requirement Guarantor required

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News about PNB Housing Finance Limited Home Loan

  • Change in tax refund mode midway isn’t possible

    Q I am 24 years old. I am planning to buy a plot of land and construct a house on it. My budget is Rs 30 lakh. What is the minimum initial amount that I need to invest? What could be the maximum loan tenure?

    Rajesh ChandraHyderabad

    If you are planning to construct a house on the same plot, you can take a composite loan. The composite loan covers the cost of land as well as cost of construction.

    A lender normally requires documents such as proof of income, identity and residence for any loan. The lender will insist on submitting documents such as title deeds of the plot. You will have to submit an estimate of the total cost of construction, duly certified by an architect or a civil engineer.

    While granting the loan, the lender will consider either the cost of the plot or the current market value, whichever is lower.

    You will have to commence the construction within a reasonable time after the purchase of the plot.

    The lender will determine the eligibility for the home loan based on the total cost comprised of construction and plot cost. You need to contribute 20 per cent of the total cost before the bank disburses the loan amount. As per the guidelines of RBI, bank will not take into account stamp duty and registration cost while calculating the cost of the property. Therefore in addition to 20 per cent, you will also have to fully fund the cost of stamp duty and registration charges.

    The loan amount can be repaid within a maximum period of 30 years.

    The loan will be released in parts, based on the progress of the construction. The bank may also insist on sending its own technical personnel to assess the progress of construction or may rely on certificates/photographs submitted by you.

    Some lenders are not comfortable funding self-constructed properties and so your choices will be limited to that extent. You can approach SBI, Axis Bank, HDFC, and ICICI Bank for availing the composite loan.

    Q I had filed income-tax returns for the financial year 2009-10 at Salem district in Tamil Nadu. After assessment, the department issued a cheque for the refund. But I could not deposit it within 90 days, which led to the cancellation of the refund voucher. For the issuance of a fresh refund, I was asked to contact the assessing officer. But, in the meantime, I moved to Gujarat on a new job.

    I filed the next fiscal’s returns from Kutch district in Gujarat. This fiscal also I had got a tax refund. But before the refund cheque was released, I changed my residence, which resulted in the cancellation of cheque.

    How can I get refund of these amounts online?

    Kiran Kumar Bengaluru

    In both the cases the refund was posted at your old address. The only way to get these refunds is to first change your address in the records of the income-tax department by filing Form No. 49A, attaching therewith the required documents.

    In my opinion, it is not possible for you to go for online refund request.

    You will have to approach your assessing officer for issue of duplicate refund orders for these years. Please write to your assessing officer with the screenshot of the refund status of the respective years.

    The writer is the CEO of Apnapaisa.com. You can send in your queries to movingmoney@ deccanmail.com

    Read more

    Mon, Aug 11, '14

  • No joy for consumers: Car and home loans won't be cheaper

    RBI in its bimonthly monetary policy statement on Tuesday left the repo rate, or the rate at which it lends money to banks for short-term, unchanged at 8 per cent.Read more

    Wed, Aug 6, '14

  • SBI cuts rates for home loans over Rs.75 lakh

    State Bank of India, on Tuesday, slashed its home loan rates by 0.15 percentage points for loan seekers of Rs.75 lakh and above with effect from August 26. “It has now been decided to off...Read more

    Tue, Aug 26, '14

  • No record of loans to 66 societies: CAG

    In a startling revelation, the Comptroller and Auditor General has found that the city administration’s cooperative societies department does not have data base of 66 societies to whom it had given loans and 121 other non-government societies in which it had invested in the share capital in the past.

    These disclosures have been made in a CAG report which was recently presented in the Parliament. Of the 5,558 societies, the audit report said the department had no database of 66 societies. The CAG said: “Registrar did not maintain year-wise details of Registered Co-operative Societies. No action was initiated against societies which failed to submit their audited accounts, to contribute to the cooperative education fund, to hold annual general meeting, to file annual return, to hold elections etc.”

    The report pointed out that the Delhi Cooperative Housing Finance Corporation Limited, registered in August 1970, in which the department had invested `0.26 crore did not exist in the database. “Further, there were 1,784 societies (1,063 active and 721 inactive) for which the date of registration was marked as January 1, 1974 and no physical records were available with the department. In the absence of any record of such societies, the mechanism adopted to monitor the functions performed by these 1,063 societies by the department could not be ensured in the audit.”

    In its reply to the CAG in December 2013, the department said that all the societies to whom it had either given loans or invested capital had been identified and a compiled list had been supplied to all zonal in-charges for taking recovery action in the matter. But the CAG said only a few societies were found regular in submitting their annual; reports and assurance could not be drawn whether 3,822 societies shown as active in the data base, were actually functioning.

    The audit said: “A society which is non-functional for three consecutive years is required to be categorised as defunct. A total number of 415 cooperative societies were non-functional for three consecutive years during 2009-10 to 2011-12, but were not categorised as defunct during 2012-13. As a result, the data bank of registered societies, maintained by the department does not reflect a true picture.”

    The CAG said that cooperative societies which did not submit audited accounts ranged from 59 to 64.23 per cent of the total active societies.

    Read more

    Mon, Aug 4, '14

  • Aadhar Housing aims to disburse Rs 600 crore new loans in FY15

    house_1_1_0.jpg

    Plans are in accordance with the state govt’s plans to construct 22 lakh new homes

    Vadodara: Mumbai-based Aadhar Housing Finance is looking at fresh loan disbursements to the tune of Rs 600 crore this fiscal for affordable housing, including to those from the lower income group across Gujarat.
    These plans are in accordance with the state government's plans to construct 22 lakh new homes in the next four years. Speaking to reporters here yesterday, Harshil Mehta, MD & CEO said the company's loan portfolio is expected to grow to over Rs 1,000 crore by the end of this fiscal. "While new loans will be to the tune of Rs 600 crore, our portfolio size would over Rs 1,000 crore," he added. Mehta said the company was organising road shows in Vadodara, Surat, Ahmedabad and Rajkot beginning this weekend where a van office called "Azadi Express" will move through vantage locations in each of these cities to provide spot sanction of home loans.
    "Gujarat is a high-potential state for low-cost housing with the state government recently introducing the affordable housing policy and that is why we decided on moving this van office to give freedom to common man from rented homes," he said. We chose Gujarat for the "Azadi Express" van office despite having established strong presence in nine states of Uttar Pradesh, Madhya Pradesh, Jharkhand, Chattisgarh, Orissa, Bihar, West Bengal, Gujarat and Rajasthan. It is due to Gujarat's enterprising population that it has witnessed considerable growth in per capita income, said Mehta. Aadhar will establish offices next in 20 states across the country by 2015-16, he said. Aadhar Housing Finance Ltd is set up jointly by Dewan Housing Finance Corporation Ltd (DHFCL) and International Finance Corporation (IFC).
    Aadhar focuses on providing home loans upto a maximum up to Rs 12 lakh. It has provided financing options to over 11,000 families across the country. It operates mostly in Tier-III and Tier-IV cities.

    Read more

    Sat, Aug 9, '14


PNB Housing Finance Limited Home Loan Reviews

100 % of our customers would recommend this bank. (2 out of 2) Write Review
Customer Reviews
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  • Validated User
    (0)

    PNB Housing Finance Limited: It was good the response was good and the customer service executive who came to collect the documents explained me process in a polite way and they could customize the loan process to suite my requirement and the whole process got completed with in a month.

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

    I have recently transferred my balance of home loan from LIC housing finance to PNB. I received an email from PNB stating there was an offer of home loan for 10 years with fixed rate of interest. On seeing this advertisement I had made my enquiry online. One of the PNB executive called me from Noida and arranged a meeting with the nearest branch people. The representative from PNB has done everything including the documents and made the loan disbursed within 7 days. Rate of interest was 10.75% fixed for 10 years.

    Was this review helpful? Yes

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    Fees & Charges
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    took a Home Loan from PNB HOUSING FINANCE LIMITED on BankBazaar.com Reviewed on
Customer Reviews
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