A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 1 PNB Housing Finance
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.35% - 10.25% Fixed/Floating
    Up to 0.5% (min. ₹5,900) One time fee
    5L Min
    1-30 Years
    Response Time : Within 30 minutes
    Rs.5,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    PNB Housing Finance is Rated as "Great!" by 845 Users

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    Home Loan BYTES FROM OUR KITCHEN

    PNB Housing Finance

    PNB HOUSING Home Loan Interest RatesUpdated on 23 Nov 2017

    PNB HOUSING Home Loan Interest Rates Details
    Interest Rate 8.55% to 8.65
    Processing Fees Up to 0.5%, Minimum Rs. 5900
    Loan Tenure 1 year to 30 years
    Guarantor requirement No guarantor required
    Partial PrePayment Charges Nil
    Pre Closure Charges Nil

     

    PNB Housing Loan

    PNB Housing Finance Limited offered various home loans to choose a solution that works best for him/her. From home loans dedicated to the purchase of property, construction, extension of the house, to loans that help in the functional improvement of a home, the options are many. The choice, is yours.

    The PNB Housing Finance Home Loan comes in the formats listed herein. Expounding, each offers a specialised home loan solution the fits snugly with your specific requirements.

    1. Home Purchase Loan: For the construction, purchase or extension of your living space.
    2. Home Construction Loan: For the self-construction of a residential home.
    3. Home Extension Loan: To help you add more space to your existing home.
    4. Home Improvement Loan: For the aesthetic and/or functional improvement of your home. This can include internal/external repairs, roofing, painting, waterproofing, plumbing, electrical works, etc.
    5. Residential Plot Loan: For the purchase of a residential plot of land in an urban area, where subsequently, your house will be built.
    6. Loan for NRIs: To help NRIs construct, purchase, repair or renovate residential properties in India.

    All of these home loan products are backed by a solid customer support initiative and the company’s hard earned on-field experience. No wonder PNB Housing Finance is this popular- the company has taken the time to understand its target audiences’ base requirements and fashioned home loan products in line with said requirements.

    Features of PNB Housing Finance

    PNB Home Loan

    The salient features of a PNB Housing Home Loan are listed herein,

    • Expansive network of operational branches spread across India.
    • Loans for all requirements- Purchase, Construction, Extension, Improvement and Plot loans.
    • Hassle free application processing, transparent procedures and zero red-tape.
    • Quick and easy approval and disbursal of loans, thanks to an efficient service delivery model.
    • Robust customer support handled by highly qualified professionals.
    • Ethics, Integrity and Openness are central pillars at PNB HOUSING.
    • Easy repayment options.

    PNB Housing Finance Loan Eligibility

    The eligibility criteria set for the acquisition of a home loan from PNB Housing Finance Limited are as follows,

    • The applicant must be an Indian citizen or a fully documented NRI. Essentially, a Person of Indian Origin (PIO).
    • The applicant’s age must not exceed 70 years at the time of loan maturity.
    • If the applicant is looking for the NRI Loan, he/she must have worked for at least one year in a foreign country. Employed people who go abroad on deputation aren’t eligible for this loan.

    Documentation Required for PNB Housing Loan

    The following documents must be submitted at the initiation of the loan acquisition process:

    • Completed application form with photographs.
    • Proof of Age- Passport, PAN Card, Driving License, etc.
    • Proof of Residence- Passport, Driving License, Telephone Bill, Ration Card, Voter’s ID, etc.
    • Educational Qualifications- Documents in this regard, latest degree.
    • Copy of Passport/ PIO card and work permit (case based requirement).
    • Salary slips from the last 3 months.
    • Employment Proof- Appointment letter from current job, income statements for 2 years.
    • Form 16 for the last 2 years.
    • Last 6 months bank statement detailing the salary account.
    • Processing Fee- Cheque drawn in favor of 'PNB Housing Finance Ltd'.
    • Copies of title documents of the property and the approved plan.
    • In case of Construction/ Renovation- Cost estimate from the Architect.
    • Kindly note that, all of these documents must be self-attested by the applicant.

    PNB Housing Finance Interest Rate

    PNB Housing Finance Interest rates are based on the benchmark PNBHFR of 8.50% to 9.25% per annum.

    Floating Rate

    Home Loan Schemes Interest Rate - 1 Year MCLR Basis
    Upto 75 Lakhs Above 75 Lakhs
    Floating Rate - Women 0.20% + MCLR 0.25% + MCLR
    Floating Rate - Others 0.25% + MCLR 0.30% + MCLR
    Floating Rate - PNB PRIDE 0.20% + MCLR 0.25% + MCLR
    Floating Rate - OD HL 1.40% + MCLR

    Fixed Rate

    Home Loan Schemes Interest Rate - 1 Year MCLR Basis
    Fixed Rate - General 0.50% + Floating
    Fixed Rate - PNB PRIDE 0.50% + Floating PNB PRIDE

    The interest rate will automatically get converted into the prevailing floating rate at the time post the fixed-rate period for the remaining loan amount.

    • Rates of interest are subject to change at the sole discretion of PNB Housing
    • Central/State Government employees, defence personnel, and individuals in the para military forces are eligible for PNB PRIDE.
    • A woman should be the single applicant or a co-applicant for the home loan. She should also be the single owner or a co-owner of the financed property.

    PNB Housing Finance Fees and Charges:

    • Account statement - Rs.200 plus applicable taxes.
    • Change of the repayment mode - Rs. 500 plus applicable taxes.
    • Full prepayment or part prepayment of the loan amount (floating ROI) - 2% of the principle prepaid plus taxes.
    • Full prepayment or part prepayment of the loan amount (fixed ROI) - 3% of the principle prepaid plus taxes.
    • Statement for loan preclosure - Rs. 500 plus applicable taxes.
    • Return of Cheque/NACH mandate form - Rs. 500 plus applicable taxes.
    • CERSAI fees - Rs. 500 plus applicable taxes.

    PNB Housing Home Loan EMI Calculator

    A Home Loan Calculator, or Home Loan EMI Calculator, is helpful with the electronic computation of the Equated Monthly Installments (EMI) that applies to your loan. When speaking of home loans from PNB HOUSING, the EMIs can be calculated by using the immensely helpful, time saving and highly interactive Home Loan EMI Calculator on BankBazaar website.

    This calculator offers the following advantages:

    1. Super Fast: EMI calculation for your home loan can be accomplished in minutes.
    2. Lots of Information: Gather a lot of information associated with your home loan- applicable EMI amount, amortization details etc.
    3. 100% Free: Using this handy tool is completely free of cost.
    4. Try Different Combinations: Enter different PNB HOUSING home loan interest rates or tenures and analyse the resultant EMI. Find the combination that works best for you.

    PNB Housing Finance home loan is robust, highly customer centric and comprehensive. Offering attractive interest rates and a solution for every home loan requirement, the PNB Housing Finance Home Loan is a definite favourite to deserve your time and attention.

    Pradhan Mantri Awas Yojana – Credit Linked Subsidy Scheme By PNB Housing Finance

    The Credit Linked Subsidy Scheme is offered by the PNB Housing Finance for Middle Income Group (MIG), Lower Income Group (LIG) and Economically Weaker Section (EWS) categories under the Pradhan Mantri Awas Yojana (PMAY).

    The Ministry of Housing and Urban Poverty Alleviation or MoHUPA introduced the Credit Linked Subsidy Scheme. The introduction of the scheme was announced by Prime Minister Narendra Modi. The Government of India aims at providing housing for all by 2022 under this scheme.

    Under the Pradhan Mantri Awas Yojana, the customer can enjoy interest subsidy on enhancement, construction or purchase of a house.

    Features of the PMAY Scheme:

    • In case of LIG and EWS, women ownership is a must when buying a new house.
    • The interest subsidy is calculated for a period of 20 years.
    • All applicants must of immediate family including unmarried children, spouse and self.
    • The advantages can be availed for purchase of the first property.

    Benefits of the PMAY Scheme:

    • The service delivery model is strong. The doorstep services ensure that the loan approval and disbursal is fast and easy.
    • There are no foreclosure or prepayment charges on the home loan.
    • The PNB branches are spread across the country. The bank has served customers for a period of 29 years.
    • The eligibility program can be customised to work out a loan amount.
    • Up to 90% of the value of the property can be availed as loan.

    Eligibility Criteria for Applying PMAY Housing Finance Scheme:

    • This scheme can be availed by individuals only.
    • All the applicants must be above the age of 18 years.
    • All applicants must of immediate family including unmarried children, spouse and self.
    • The beneficiary cannot own a pucca house anywhere in India. Any member of his/her family can also not have a pucca house.
    • For EWS and LIG categories, the annual income of the applicant can be up to up to Rs.6 lakh. The annual income of applicants belonging to MIG 1 can be between Rs.6.01 lakh and Rs.12 lakh. The annual income of applicants belonging to MIG 2 can be between Rs.12.01 lakh and Rs.18 lakh.
    • Extension or renovation must be used for converting a kuccha house to a pucca house.

    Documents Required for PMAY Scheme:

    • Duly filled application form along with recent photograph.
    • KYC documents including PAN and Aadhaar.
    • All educational qualification certificates.
    • Salary slip for the past 3 months for salaried employees. Proof of business along with profile for the self-employed applicants.
    • Form 16 for the past 2 years for all the salaried applicants. For self-employed applicants, certified valance sheets and income tax return certificates for 3 years are required.
    • In case of extension loan or construction loan, affidavit on the requisite stamp paper on property ownership is required.
    • Photocopy of all the property documents.
    • Customer’s self-declaration for the family income.

    Effective Rate of Interest for Pradhan Mantri Awas Yojana:

    The effective rate of interest is 6.5%  on loan amount  upto  Rs. 6 lac for tenure of 20 years. The net  value of the interest subsidy will be calculated at a discounted rate of 9%.

    Why Apply for a PNB Housing Finance Home Loan on BankBazaar?

    Applying for a home loan on BankBazaar offers the following unbeatable advantages:

    1. Save Time: Avoid running around for your PNB HOUSING home loan. From checking out all the features, to applying and running down the list of required documents, to finally receiving confirmation from PNB HOUSING, everything happens quickly and smoothly- thanks to BankBazaar’s interactive and informative approach.
    2. All the Information You Need: Everything important, from the basic terms and conditions to the eligibility factors, from PNB housing finance interest rate to documentation required, find everything you need, here!
    3. Compare and Review: Compare the PNB HOUSING home loan against other loan options available in the Indian market. Read reviews from your peers about their own borrowing experience, clear nagging queries by contacting BankBazaar’s expert customer support team.
    4. Simple and Transparent Application Process: No hidden charges, no red-tape, not too technical that only a rocket scientist can understand, and immensely respectful of your requirements and limitations.
    5. 100% Safe: Your personal information is treated with the maximum care, never shared with anyone other than PNB HOUSING and passed through robust, encrypted systems that have 0% tolerance towards malicious intent.

    News About PNB Housing Finance

    • Experts Believe That PNB Housing Will Maintain Their High Growth Momentum

      Punjab National Bank has reported a 51% hike in their year-to-year increase in their quarterly net profit. It is believed that this increase was mainly due to increase in home loans. PNB stated that they have recorded a profit of Rs.208 crore which was Rs.138 crore last year. It is notable that the bank paid a dividend at Rs.6 per share. The bank also recorded an increase in loan assets to Rs.48,749 crore.

      PNB Housing Finance has recorded a excellent performance in this quarter. It is notable that they even set up 24 new branches in the last 12 months. Though, PNB started these new branches, they still could record profit because they were able to maintain a tight leash on their costs. So, experts in the industry believe that the future is bright for PNB and they will maintain this growth momentum.

      6th November 2017

    • PNB Housing Finance plans on expanding with its IPO

      With an eye on expansion to smaller towns and cities, PNB Housing Finance plans to utilize a large chunk of its IPO (Initial Public Offering) to create a larger presence in markets with greater potential. It must be noted that the housing loan arm of PNB is planning to go public soon with an offer of Rs. 2,500 crore.

      At present, a little over 40% of its loan portfolio comes from the northern states. The fifth largest home loan company in the country will use the proceeds expand in tier 2 and tier 3 cities and towns. In order to increase its presence in the lower to middle income segment, it had launched a new home loan scheme earlier this year. Christened “Unnati’’, this scheme will offer a loan quantum of up to Rs.25 lacs at low rates. The IPO formalities are likely to be completed in the next 2-3 months.

      19th August 2016

       
    • New home loan scheme launched by PNB Housing

      PNB Housing Finance Ltd. has launched a special housing scheme for customers who earn Rs.10,000 and above per month. The idea is in line with the government's efforts to provide shelter to people from all economic sections of the society. The new home loan scheme is sure to lend cheer to the lower and middle income segments of the society.

      Unnati home loan, which is the name of the new scheme has a tenure of 30 years and will come with interest rate options of both fixed and floating. Customers are eligible to take loans for up to 90% of the property value.

      5th May 2016

       

    PNB Housing Finance Home Loan Reviews

    • Punjab National Bank Home Loan
      "No response"
      0.5 1.0/5 "Really Bad"
      I have applied for a home loan with PNB HOUSING FINANCE LIMITED. There was no response from there end. Once an executive called me and he told he will come and meet for the documents. But later the executive did not turned up. Later i have taken from some other competitor.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 22, 2017
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the home loan from PNB housing finance, my loan application was closed because i have postponed the plan to get the home loan. Customer service part was good and they responded on time, regular follow ups were done. The rate of interest was nominal when compared to all other sources.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Nov 22, 2017
    • Punjab National Bank Home Loan
      "Home loan with PNB"
      0.5 3.5/5 "Pretty good"
      I have applied for a home loan with PNB HOUSING FINANCE LIMITED. As i could not get the property which i was looking for so i have not proceed any further with PNB housing finance. The customer service and response with the bank is good and comfortable.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Nov 20, 2017
    • Punjab National Bank Home Loan
      "Very good service "
      0.5 5.0/5 "Blown Away!"
      I have applied for home loan with PNB housing finance.The loam amount is 10 lakhs.The rate of interest is 8.65 nominal as compared to others.They have closed the applications because the property is out of geographical area and the bank is 80 km away from my place.
      Was this review helpful? 0
      , ujjain
      Reviewed on Nov 20, 2017
    • Punjab National Bank Home Loan
      "Average service"
      0.5 2.5/5 "Just OK"
      The service was good from pnb for my home loan service but I had some difficulty during the documents part they said my documents was not clear to process further for the loan process the interest rate was fine ,the customer service was prompt but I feel there was some communication problem but it was a average experience with pnb for my home loan service.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2017
    • Punjab National Bank Home Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      I have a home loan from PNB the service was very good but they delay in the process the customer service was also slow needs some improvement there was some communication problem with PNB they provide me a interest rate of 10.25 which was little high compare to others in the market it was average experience with PNB for my home loan service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 20, 2017
    • Punjab National Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with PNB HOUSING FINANCE LIMITED. They collected the documents by next day and within a week my personal loan got approved and disbursed my funds after my documents submission. They offered me the loan with 8.7% as floating rate of interest and there are no processing fees as well as no pre closure charges as well.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 18, 2017
    • Punjab National Bank Home Loan
      "Home loan with PNB"
      0.5 4.0/5 "Great!"
      From PNB HOUSING FINANCE LIMITED i have applied for a home loan and my loan got approved. The disbursed loan amount was 10 lakhs 50 thousand. The rate of interest was 9.11% with a monthly EMI of 9860.The total tenure was for 2 years. Documentation process done well.
      Was this review helpful? 0
      , dehradun
      Reviewed on Nov 18, 2017
    • Punjab National Bank Home Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I applied for a home loan with PNB HOUSING FINANCE LIMITED. Later I closed because I don't like their services. They took around a week for the documentation process. They offered me the home loan with 8.35% as rate of interest and about the processing fees I don't remember.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 17, 2017
    • Punjab National Bank Home Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for a home loan with PNB HOUSING FINANCE LIMITED. I had to close down my home loan application because I have post pone the plan as my mom is moving out of town for a while, so once she is back I will apply for a home loan. PNB offered me this home loan with 8.5% as rate of interest which is nominal and the processing fees is Rs. 5500 which is also normal.
      Was this review helpful? 0
      , pondicherry
      Reviewed on Nov 17, 2017
    • Punjab National Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I applied for a home loan with PNB HOUSING FINANCE LIMITED. Later I have closed the home loan application because I have post pone the plan now. After 6 months I will take the home loan and at that time the rate of interests may also get reduced compared to now.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 17, 2017
    • Punjab National Bank Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I applied for a home loan in PNB HOUSING FINANCE LIMITED. Then later I had to close my home loan application with PNB HOUSING FINANCE LIMITED as I have decided to postpone the plan of getting a home now. But they offered me the home loan with 8.25% as rate of interest.
      Was this review helpful? 0
      , faridabad
      Reviewed on Nov 17, 2017
    • Punjab National Bank Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have approached Punjab National bank for my home loan. The customer service and responsiveness was up to the mark but the there is no requirement for the loan now so have cancelled the application. The rate of interest was 8.59% which was average in the market. My overall experience was average .
      Was this review helpful? 0
      , faridabad
      Reviewed on Nov 15, 2017
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the home loan from PNB Housing Finance, my loan application was closed because the property was not fixed. When it comes to customer service, it was good and they response was also good, they followed up on time. The rate of interest is quite high when compared to others in the market.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 14, 2017
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had applied for the home loan from PNB Housing Finance, my loan application was approved and the requested amount was disbursed. The loan amount was for 13 lakhs with good rate of interest. The process was quite long, it took almost 3 months for the loan amount to get approved. The customer service was good, they provided door step service for the collection of documents.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2017
    • Punjab National Bank Home Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My home loan was taken with PNB few months back. The loan amount was 41 lakhs and the interest rate was 8.5% which was average in the market. The loan amount was 41 lakhs and the EMI period was 25 years . They have provided door step service for collecting document. The processing fee was 6,500. MY experience was satisfactory and I would like to recommend to others.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2017
    • Punjab National Bank Home Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the home loan from PNB Housing Finance, my loan application was closed because the deal with land was not done, it will done within a week. The customer service was good and their response was also good, they followed up on time. The rate of interest is high when compared to all others in the market.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 14, 2017
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the home loan from PNB housing finance, my loan application was closed because there was a property issue. When it comes to customer service, it was good and they responded well, they also followed up on time. The rate of interest was high when compared to others in the market.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 13, 2017
    • Punjab National Bank Home Loan
      "Good customer service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the home loan from PNB housing finance, my loan application was closed because the rate of interest was high when compared to all other sources in the market. When it comes to customer service, it was good and they responded on time. Follow ups were done @ regular intervals.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 13, 2017
    • Punjab National Bank Home Loan
      "Good customer service"
      0.5 3.0/5 "Satisfactory"
      I have applied for the home loan from PNB Housing Finance, my loan application was closed because i have taken the home loan from other bank. When it comes to customer service, it was good and they responded well, they also followed up on time. The rate of interest was high when compared to other sources.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 13, 2017
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