A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • Punjab National Bank Home Loan

    PNB Housing Finance Limited Home Loan
     3.5 / 5.0   by 33 users
    Used this product? Write a review >>

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    In every life, dreams and aspirations are the fuel that power innovation and progress. When it comes to life goals, and irrespective of where you are from, owning a house is definitely at the top of the list. In India, the Punjab National Bank (PNB) home loan has helped thousands of people crunch this crucial goal. And, with the ease and features afforded by the PNB home loan, its popularity and impact has multiplied over the years. A nationalized bank with a popular and customer friendly home loan product, what’s not to like?


    You’re probably eligible for an Punjab National Bank Home Loan if you are

    01
    02
    03
    04
    PNB Home Loan Minimum Age

    At least 18 years old

    PNB Home Loan Maximum Age

    Less than 70 years old

    PNB Home Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    PNB Home Loan Minimum Income

    Earn more than the minimum
    income required


    Your Punjab National Bank Home Loan amount eligibility is based on these factors

    01
    02
    03
    PNB Home Loan Minimum Salary

    Earn more than the minimum
    income required

    PNB Home Loan Maximum Loan to property value

    Loan capped @ 90% of property value

    PNB Home Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Punjab National Bank Home Loan amount by these steps

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

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

    PNB Home Loan Maximum Tenure

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

    PNB Home Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an Punjab National Bank 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

    Punjab National Bank Home Loan Interest RatesUpdated on 04 Sep 2015

    Punjab National Bank Home Loan Details
    Interest Rate Floating :10%
    Fixed:10.50%
    Processing Fees Waived from 01.06.2015 TO 31.12.2015
    Loan Tenure 30 years or 70 years of age whichever is earlier
    Pre Closure Charges Nil

    Home Loans from PNB

    A Home loan, as the name suggests, is funds offered by a bank to help an individual purchase a new house/flat/apartment, an old property, land for the construction of the house or renovation of the existing house/property. With PNB home loan, acquire a resource that is immensely customer centric, involving a transparent and quick processing cycle, the goodwill that is associated with a renowned banking organization and importantly, the PNB home loan interest rate that is one of the most attractive in its class.

    Punjab National Bank, or PNB as it is popularly known, boasts of 120 years of fruitful experience and an enviable 6081 branches across the country, including 5 overseas branches. The bank counts ‘PNB Flexible Housing Loan’ as an important product in its arsenal. The bank ‘banks’ on its traditional image, strong banking fundamentals, nationwide presence and immaculate brand image to woo its target customers. And, considering the impressive returns that the bank is registering year-on-year, the plan is working!

    Features of Punjab National Bank Home Loan

    The following features are the highlights of the PNB Home Loan:

    1. This loan can be used for the construction of a new house/flat/apartment, purchase of an existing house, land for construction of the house, repairs and renovation of existing building and furnishing.
    2. Choose between floating and fixed interest rates.
    3. Repayment tenure ranges up to 30 years (Also, EMI of just Rs.896/lakh- Conditions Apply).
    4. Fast, transparent process with zero hidden charges.
    5. Enjoy flexible or graduated repayment option.
    6. Shift your existing home loan from another insurer to PNB and enjoy lower EMI.
    7. Loan amounts are disbursed as per the following structure-
      1. For purchase/construction/additions to house- Depends on requirement.
      2. For home renovations/repairs- Rs. 25 lakhs (max)
      3. For furnishing the house- Rs. 5 lakhs (max)
      4. For purchasing a new plot of land- Rs. 50 lakhs (max)

    PNB Home Loan Eligibility and Documentation:

    The eligibility criteria set for the acquisition of a home loan from PNB are as simple and customer centric as possible, amounting to the following-

    1. This loan can be applied for by both individuals as well as joint owners.
    2. The applicant(s) must not be younger than 18 years and older than 70 years at loan maturity.
    3. The applicant(s) must have an established, regular source of income. In case of co-applicants like spouse, children and/or parents, their individual income can also be added.
    4. For flexible home loan- Applicant must be an existing home loan borrower, not older than 50 years and must have availed the existing home loan as per PNB’s Housing Loan scheme for the public.

    Next, when applying for the home loan, the following documents must be kept ready for verification-

    • Completed application form with photographs.
    • Proof of Identity- Passport, PAN Card, Driving Licence, etc.
    • Proof of Residence- Passport, Driving Licence, Telephone Bill, Ration Card, Voter’s ID, etc.
    • Proof of Age- Passport, PAN Card, Driving Licence, SSLC marks card, Voter’s ID, etc.
    • Educational Qualifications- Documents in this regard, latest degree.
    • Income Proof- Salary slips from the last 3 months, Form 16 for the last 2 years, Last 6 month’s bank statement detailing the salary account. For Self Employed- Last 3 years Income Tax returns (self and business) with Profit & Loss Account & Balance Sheets duly audited by a Chartered Accountant, Last 12 month’s bank account statement detailing for self and business.
    • Copies of title documents of the property and the approved plan.

    New PNB Home Loan Interest Rate:

    Currently, PNB Home Loan is one of the popular home loan products available in the Indian market. One of the fundamental reasons for its enduring popularity is the PNB home loan interest rate that is comparable to some of the most competitive available options. You can avail this loan at the interest rate of 10.00% (floating) and 10.50% (fixed) over a maximum repayment tenure of 30 years.

    A robust, scalable, customer centric home loan offering from Punjab National Bank that has earned the respect of the average Indian home loan seeker. Offering attractive interest rates and features that position it as one of the best in its class, PNB home loan rightfully deserves your undivided attention.

    News About Punjab National Bank Home Loan

    • PNB Monsoon Bonanza Offer- Home Loans minus Processing Fee till December

      India’s third largest bank in terms of assets, Punjab National Bank (PNB), is organizing a ‘Monsoon Bonanza’ scheme wherein all home loans disbursed till December will be free of any processing charges. This attractive offer is set to run from June 1, 2015 till December 31, 2015 and includes complete nullification of processing fees and other documentation charges. Remember that PNB has recently reduced its base rate (post the repo rate cuts by RBI) from 10.25% to 10%, and all home loans (irrespective of the amount) will be offered at base rate. Definitely, this move from PNB will be a shot in the arm for its home loans portfolio, and will further consolidate its position as one of the more popular banks in India.

      03rd July 2015

    • PNB to Offer Processing Fee Waiver for Housing Loans and Car Loans

      Punjab National Bank, one of the Big Four banks of India, is offering a full processing fee and documentation charges waiver for home and car loans. For loans to be sanctioned between June 1 and December 31, customers will be offered a full waiver of up-front, processing and documentation fee. PNB Home Loans are very popular amongst people because of the low interest rates and minimal documentation requirements. PNB has reduced its base rate to 10% from 10.25% and is providing home loans at the base rate irrespective of the loan amount.

      8th June 2015

    Home Loans from Top Banks
    Home Loan Tools
    Home Loans in Top Cities
    Home Loan by Bank
    Home Loan by City

    Punjab National Bank Home Loan Reviews

  • Page 1 of 2 1 2
    • Home Loan
      "Good!!!"
      PUNJAB NATIONAL BANK
      0.5 4.0/5 "Great!"
      Actually my home loan is in process with Punjab National bank. So far it was good experience with them. Since my builder has a tie up with this bank and processed my loan with them. Given all the required documents . Pnb offered me a lower interest rate compared to Hdfc Ltd. My loan will get processed within 15 days.
      Was this review helpful? 0
      , delhi
      Reviewed on Sep 02, 2015
    • Home Loan
      "Lucky To Take Loan "
      PUNJAB NATIONAL BANK
      0.5 5.0/5 "Blown Away!"
      I got my Home Loan with PUNJAB NATIONAL BANK to purchase a flat. Rate of interest is very lesser with this bank, When we compared with private banks Nationalized banks are providing a better offers. There was no hidden charges also.
      Was this review helpful? 1
      , faridabad
      Reviewed on Aug 15, 2015
    • Home Loan
      "Awesome"
      PUNJAB NATIONAL BANK
      0.5 5.0/5 "Blown Away!"
      I got the home loan with the Punjab national bank.The rate of interest is floating around 10.15%.The loan got sanctioned thats it.The processing charges are really free, so that also makes me very happy.The processing speed is really good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jul 04, 2015
    • Home Loan
      "Worst bank"
      PUNJAB NATIONAL BANK
      0.5 1.0/5 "Really Bad"
      I got the home loan with the Punjab National Loan.The rate of interest was 10.15% on that time and recently RBI released the REPO rate to reduce the interest rate, but they failed to follow that.Now I am thinking that why I just took the loan with them.Most of the nationalised bank provides low rate of interest.They are not professional and problem with the online ECS checking.I will strongly not to recommend anybody to go ahead with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 30, 2015
    • Home Loan
      "Very good"
      PUNJAB NATIONAL BANK
      0.5 4.5/5 "Excellent!"
      I took the home loan with the punjab national bank.The rate of interest was 10.15%. The processing charges are around 5000 Rupees.The service is really better with them because I am having the friend over there.
      Was this review helpful? 3
      , kolkata
      Reviewed on Jun 24, 2015
    • Home Loan
      "good"
      PUNJAB NATIONAL BANK
      0.5 3.0/5 "Satisfactory"
      I am having housing loan with Punjab National bank.The rate of interest was 10.75% and am not happy with and that was floating also.The customer service is really fine with them and the responsiveness is really fine.
      Was this review helpful? 1
      , raipur
      Reviewed on Jun 08, 2015
    • Home Loan
      "Good!!"
      PUNJAB NATIONAL BANK
      0.5 3.5/5 "Pretty good"
      The services offered by Punjab National Bank is good for the home loan. In case if I fail to make my installment for a month the penalty charges are not very high. The response from the customer service executive is good and also a good quality of information is provided. One thing which I didnâ??t like was they are not coming up with proactive response.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on May 15, 2015
    • Home Loan
      "Good Bank"
      PUNJAB NATIONAL BANK
      0.5 4.0/5 "Great!"
      I have an Home loan from Punjab National bank and happy with the service. The loan amount got transfered to my account within 7 days of the application submission.Rate of interest was 10.25% which is nominal The processing fess was little high.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 02, 2015
    • Home Loan
      "Takeover of Loan"
      PUNJAB NATIONAL BANK
      0.5 4.0/5 "Great!"
      I have purchased my flat in year 2009 by taking an home loan from HDFC, but due to some problems, i was in urgent need of shifting of my home from HDFC to any other bank. I had searched a lot then finally landed up with Punjab National Bank, they have taken over my existing loan. The whole process was smoothly done by PNB. Also, the time period which they have mentioned me for the process was around 15 to 20 days. But they have completed this process in only 10 days.
      Was this review helpful? 3
      , mumbai
      Reviewed on Apr 23, 2015
    • Home Loan
      "PNB Home Loan"
      PUNJAB NATIONAL BANK
      0.5 5.0/5 "Blown Away!"
      I am very satisfied with the services provided by PNB regarding home loan. No hidden charges like other Pvt banks. easy to get instalment for construction. Customer care and Officer / Executives are very co-operative and assist to make your dream into reality
      Was this review helpful? 1
      , mohali
      Reviewed on Apr 19, 2015
    • Home Loan
      "Quite Ok "
      PUNJAB NATIONAL BANK
      0.5 3.0/5 "Satisfactory"
      The experience is good when I applied for a home loan in Punjab National bank. The rate of interest was 10% which was pretty much good and it is better than any other bank in the market. The response should be improved as it was little slow as it is a nationalized bank. he customer support must be improved as there is delay in the processing. The processing fees was reasonable.
      Was this review helpful? 3
      , kochi
      Reviewed on Jan 20, 2015
    • Home Loan
      "Good"
      PUNJAB NATIONAL BANK
      0.5 5.0/5 "Blown Away!"
      I have taken a housing loan with PNB. They provide immediate response. The loan was sanctioned within a weekâ??s time .They offered me around 10.15% ,documentation process was very simple and easy to use. I met the Manager in person through him verification was done and they have processed the request.
      Was this review helpful? 8
      , chennai
      Reviewed on Jan 19, 2015
    • Home Loan
      "Pathetic customer service and horrible responsiveness"
      PUNJAB NATIONAL BANK
      0.5 0.5/5 "Unacceptable"
      I had a home loan with a private bank and i wanted to transfer the loan to PNB. I lost my piece of mind from day 1 of the processing. The Sales person was so dumb that he promised to deliver the sanction letter next day without even checking my documents. I had to follow him every day and hear new stories daily and the process finally got over nearly after 45 days. The sales person was so responsive that he gave me the cheque after 3 days of receiving it and i had to pay around 3500 due to his sad attitude. Worst to follow, I had responded to an email asking them not to deposit the initial cheque as agreed with the customer service representative. They were very prompt in depositing the cheque despite the email and my credit ratings have still gone down. The worst thing is that I had to pay Rs.1200 for every day from oct 14 - jan 15 as penality to my previous bank due to the delay in service. PNB does help you in making you a full time beggar... I would not recommend this bank..
      Was this review helpful? 7
      , chennai
      Reviewed on Jan 12, 2015
    • Home Loan
      "Good"
      PUNJAB NATIONAL BANK
      0.5 4.5/5 "Excellent!"
      The home loan which I availed from Punjab National bank was good. They responded to mey applictaion on time. The loan was processed in a time span of 1.5 months. The rate of interest offered was comparatively low. I have no issues with this bank as the ECS also gets deducted on time.
      Was this review helpful? 2
      , chennai
      Reviewed on Jan 02, 2015
    • Home Loan
      "Its good"
      PUNJAB NATIONAL BANK
      0.5 4.0/5 "Great!"
      Home loan services with Punjab National bank is quite great. Interest rate is 10.50% and their terms and conditions is attractive. In terms of any issues related to job security, there is proper support provided for 3 months from the bank. Added to it, insurance is been provided which could be avoided.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Dec 10, 2014
    • Home Loan
      "Pnb SAvINgS aCcOuNTS"
      PUNJAB NATIONAL BANK
      0.5 5.0/5 "Blown Away!"
      Punjab National Bank is very efficient in its working and very assistive in helping people. When I was registering for my IPCC examination, I was not aware about the due date and on the last date i.e on the due date I got the news for registeration , I urgently required a draft so that I could register for my examination on time. The bank was really very helpful as it took my request on the priority basis and prepared a draft in just 15 Minutes time.
      Was this review helpful? 3
      , mumbai
      Reviewed on Dec 01, 2014
    • Home Loan
      "Poor and slow service for home loan process"
      PUNJAB NATIONAL BANK
      0.5 2.0/5 "Expected more"
      My home loan procedure from PNB navrangpura is under process currently. I felt somewhat slow service is provided by PNB staff. As like government office they don't care much about customer because their salary is not on target based. I will give 2 star to PNB because it is nationalized bank and provide home loan on elegant interest rate.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Nov 28, 2014
    • Home Loan
      "Good"
      PUNJAB NATIONAL BANK
      0.5 3.0/5 "Satisfactory"
      My home loan has been sanctioned by Punjab National Bank. I have used my own source to get the loan sanctioned within a month. The loan is yet to be disbursed as the agreement is still pending to issued by the builder. PNB confirmed that they would disburse my loan once all the requested info received from the builder. I have not discussed about the rate of interest, fees & charges yet.
      Was this review helpful? 5
      , ghaziabad
      Reviewed on Nov 18, 2014
    • Home Loan
      "Very much satisfied "
      PUNJAB NATIONAL BANK
      0.5 5.0/5 "Blown Away!"
      The processing time was very less in Punjab National bank and overall they took only 30 days to disburse my home loan. In the span of 7 days, documentation process were over and they processed as earlier. I am comfortable with EMI date as it falls on 5th of every month. They charged only Rs.2500 for process fee and rate is 10.05%.
      Was this review helpful? 4
      , chennai
      Reviewed on Nov 13, 2014
    • Home Loan
      "Can be better"
      PUNJAB NATIONAL BANK
      0.5 2.0/5 "Expected more"
      I did not get a proper response from PNB Housing loan, I was eagerly waiting for their call. They called me only after 2 or 3 days by the time they called me. I got a better deal else where , I switched over to DHFL where they were to fulfill all my requirement with in a short time frame. My suggestion is they have to work on their turn around time.
      Was this review helpful? 4
      , new delhi
      Reviewed on Nov 07, 2014
    loading
    Page 1 of 2 1 2
    Thank you for the feedback.
    Make a suggestion or report a bug
    • Like us? Spread the word
    • Broadcast your feedback via Facebook Twitter
    • or Cancel
    • View our privacy policy

    Contact Us on Mail
    Facebook
    reTH65gcmBgCJ7k - pingdom check string.
    This Page is BLOCKED as it is using Iframes.