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    We found 1 PNB Home Loan Interest Rate
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.0% - 9.50% Floating
    Up to 0.50% (min. ₹10,000 + GST) One time fee
    8L Min
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon Voucher
    What you'll love
    Fees & Charges
    Good to Know
    PNB Home Loan Interest Rate is Rated as "Great!" by 6 Users

    Fees & Charges

    Promised Interest Rate

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    PNB Home Loan Interest Rate

    The multinational financial and banking service company, Punjab National Bank, was India’s first ‘Swadeshi’ bank. Based in New Delhi, the bank now has a colossal customer base of over 80 million customers and offers an extensive line of housing loan products for the public, private builders, government employees, etc.

    Below mentioned are PNB home loan interest rates offered By BankBazaar

    Rates and Charges Specification
    Interest Rate 8.99% - 9.75%
    Processing Fees 0.5% for up to Rs.300 lakh, max Rs.20,000 Rs.50,000 above Rs.300 lakhs
    Loan Tenure 30 years or 70 years of age whichever is earlier
    Pre Closure Charges Nil

    The interest rates for Punjab National Bank’s home loans range from 8.99% - 9.75% depending on various factors that the bank may take into consideration while processing the loan. The bank also provides a reasonable processing fee of 0.5% for loans up to Rs.300 lakh with a maximum amount of Rs.20,000. For loans above Rs.300 lakh, a processing fee of Rs.50,000 will be levied. The loan tenure of the loan is 30 years or 70 years of age, whichever is earlier. And, PNB doesn’t charge you for pre closure on housing loans.

    Types of PNB Housing Loans

    • Pride housing loan for government employees
    • Housing loans for the public
    • Housing Loan For Public – Pradhan Mantri Awas Yojana – Housing For All
    • Housing Loan For Public – Pradhan Mantri Awas Yojana – Housing For All- MIG
    • Gen-Next Housing Finance Scheme For Public

    Mentioned Below are the Interest Rates for Specified Loans offer By PNB Housing Fiance

    Type of loan ROI for loans up to Rs.75 lakh ROI for loans above Rs.75 lakh
    Floating Women MCLR+0.20% MCLR+0.25%
    Floating Others MCLR+0.25% MCLR+0.30%
    Floating PNB PRIDE MCLR+0.20% MCLR+0.25%
    Floating OD HL MCLR + 1.40% MCLR + 1.40%
    Fixed General Floating + 0.50% Floating + 0.50%
    Fixed PNB Pride Floating + 0.50% Floating + 0.50%

    The floating women loan will have an interest rate of 0.20% + MCLR for loans up to Rs.75 lakh and 0.25% + MCLR for loans above Rs.75 lakh. In order to avail this product, the sole applicant or one of the co-applicants must be a woman. She must also be the sole owner or one of the co-owners of the property that is planned to be financed by the bank.

    Whereas, the floating home loan for others comes with an interest rate of 0.25% + MCLR for loans up to Rs.75 lakh and 0.30% + MCLR for loans above Rs.75 lakh.

    The floating PNB pride loan encloses an interest rate of 0.20% + MCLR for loans up to Rs.75 lakh and 0.25% + MCLR for loans above Rs.75 lakh. In order to avail this product, the applicant must either be Central or State Government employee, Defence Personnel or a part of the Para military forces.

    The floating OD HL is offered with an interest rate of MCLR + 1.40%. While the fixed general and fixed PNB Pride comes with an interest rate of floating + 0.5%.

    Factors Affecting the PNB Houisng Finance Interest Rates

    • Applicant’s Salary: The annual income of an applicant is one of the determinants that tells the interest rate that he/she has to incur. They have an inverse relation to each other. Higher the Income, lower the interest rate the applicant has to pay.
    • Amount of the Loan: The higher the amount of the loan, the higher the interest rate one has to pay for it.

    Tips to Reduce PNB Home Loan Interest Rate:

    • Shorter Tenure: Going for a shorter loan tenure, increases the amount of the EMI, but will in turn it will reduce the total interest paid.
    • Increase EMIs: Increasing the EMI payment when possible will help close your loan faster, thereby reducing interest rates.

    PNB Home Loan Interest Rate 2017 Reviews

    • Punjab National Bank Home Loan
      "High rate of interest"
      0.5 1.0/5 "Really Bad"
      I have applied for a home loan with PNB HOUSING FINANCE LIMITED. Well i was looking for a tenure of 10 years for 17 lakhs. But PNB rate of interest was on the high side.The given interest was 9 percentage. They told they cant reduce the interest rate.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 22, 2017
    • Punjab National Bank Home Loan
      "good service"
      0.5 4.0/5 "Great!"
      There was lot of delay in the loan process with PNB ,rate of interest they offered was fine also the representatives are helpful during the process ,I can say the overall service is good from PNB for my home loan process. I don't have any queries with PNB service.
      Was this review helpful? 1
      , dehradun
      Reviewed on Oct 10, 2017
    • Punjab National Bank Home Loan
      "Good Experience"
      0.5 4.5/5 "Excellent!"
      PNB housing executive are cooperative they guided me on home loan process, they are very fast. Person from PNB housing came and collected the documents done the process. PNB interest rate is fine also, entirely I am very fine with their application procedure
      Was this review helpful? 0
      , indore
      Reviewed on Sep 20, 2017
    • Punjab National Bank Home Loan
      "Looking for better feature"
      0.5 4.0/5 "Great!"
      I am very surprised about PNB interest rate, normally other banks providing 8.35% of interest. But PNB offered me 8.5% of interest because I availed the housing through online channel. Hence they charged higher interest and also they taken processing of Rs. 7000 but SBI is charging only 3000 for housing loan.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Aug 05, 2017
    • Punjab National Bank Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I never face any kind of problem with PNB . But there was a rule issued by government that the unapproved plots will not given approval right now, so that was I have postponed my home loan plan with PNB housing limited . The customer service with PNB has gave me a call and told me to keep my documents ready after getting the plan approval from the government they told I can proceed with the loan.The PNB rate of interest is high when compared with SBI and HDFC.
      Was this review helpful? 0
      , salem
      Reviewed on Jun 13, 2017
    • Punjab National Bank Home Loan
      0.5 3.5/5 "Pretty good"
      Service was okay with Pnb, Interest rate for home loan was okay. Pnb have to communicate properly with the customers on time. Time to time updation should be given to the customer on future developments regarding loans. On a whole they took 1 month I am fine with it.
      Was this review helpful? 2
      , pune
      Reviewed on Nov 12, 2015
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