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.
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 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%.
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