A "low interest" loan shouldn't mean you have very little interest in paying it back!
PNB Housing offers prospective Non-Resident Indian (NRI) and Persons of Indian Origin (PIO) borrowers a wide array of home loan options with the rate of interest starting at 9.25% p.a. over a maximum loan repayment period of 15 years. The housing loans offer flexible repayment schemes with EMI per lakh as low as Rs.1,029.
| Salaried | Self-Employed Professional | Self-Employed |
| 9.25% p.a. - 11.00% p.a. | 9.25% p.a. - 11.00% p.a. | 9.50% p.a. - 11.50% p.a. |
| Loan Slab | Maximum Funding* |
| Up to Rs.75 lakh | 80% of the market value of the property |
| Above Rs.75 lakh | 75% of the market value of the property |
*The maximum funding offered by PNB Housing is dependent on the applicant’s repayment capacity as determined by the bank.
| Age |
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| Resident Status |
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| Employment Status |
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| Age Proof (any one) |
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| Address Proof (any one) |
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| Income Proof |
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| Property Documents |
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| Other Documents |
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*Note: All documents mentioned above are required to be self-attested by the applicant.
You can consider adding a co-applicant while applying for the home loan. A co-applicant can be your immediate family member such as your spouse, parents, or children. Adding a co-applicant can increase the loan amount you are eligible for as the co-applicant's income will also be considered while determining your home loan eligibility. All co-owners of the property are required to be co-applicants while applying for a loan. However, all co-applicants need not be the co-owners of the property.
Yes. Your down payment will be inclusive of other charges such as registration charges and stamp duty.
The lender shall disburse the loan only after the property has completed the legal documentation process and has been technically appraised.
In the case of purchase of a residential unit being resold, the loan will be disbursed as a lumpsum to the seller directly after you have made your own contribution.
In case of an under-construction property, the loan amount shall be disbursed in regular periods based on the progress of completion of the property.
In case of purchase or construction of a residential unit, you can avail a loas with a repayment period up to 15 years. However, in the case of home improvement loans, the maximum loan repayment period is 10 years.
Yes, you will be required to provide an equitable mortage of the property you are availing the loan for. You can also consider providing other collateral securities acceptable to PNB Housing. In some cases, you might also be required to submit additional security if asked for by the lending institution.
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