A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    PNB Housing Finance Home Loan

    We found 4 PNB Housing Finance Home Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.5% - 8.7% Floating
    Up to 0.5% (min. ₹5750) One time fee
    5L Min
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    8.8% - 8.99% FIXED:3 years,FLOATING Thereafter
    Up to 0.5% (min. ₹5750) One time fee
    5L Min
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Value Adds
    8.8% - 8.99% FIXED:5 years,FLOATING Thereafter
    Up to 0.5% (min. ₹5750) One time fee
    5L Min
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    9.1% - 9.3% FIXED:10 years,FLOATING Thereafter
    Up to 0.5% (min. ₹5750) One time fee
    5L Min
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know

    PNB Housing Finance Home Loan is Rated as "Great!" by 460 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    The PNB Housing Finance Limited (PNB HOUSING) started its operations on November 11, 1988. A registered member of the National Housing Bank (NHB), PNB Housing is promoted by Punjab National Bank (PNB), allowing the latter, two decades worth of solid credibility when it comes to home loans in India. The Company came out with a public issue of equity shares in November 2016. Its equity shares are listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with effect from 7th November 2016. The Company does not have a subsidiary.

    Spread across India, PNB Housing is dedicated to disbursing housing loans to individuals and corporates alike, and back its enviable reputation with some solid customer support and precise legwork.


     

    You’re probably eligible for an PNBHFL Home Loan if you are

    01
    02
    03
    04
    PNBHFL Home Loan Minimum Age

    At least 23 years old

    PNBHFL Home Loan Maximum Age

    Less than 70 years old

    PNBHFL Home Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    PNBHFL Home Loan Minimum Income

    Earn more than the minimum
    income required


     

    Your PNBHFL Home Loan amount eligibility is based on these factors

    01
    02
    03
    PNBHFL Home Loan Minimum Salary

    Earn more than the minimum
    income required

    PNBHFL Home Loan Maximum Loan to property value

    Loan capped @ 80% of property value

    PNBHFL Home Loan EMI

    EMIs of other loans lower
    your eligibility


     

    Increase your eligible PNBHFL Home Loan amount by these steps

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

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

    PNBHFL Home Loan Maximum Tenure

    Choose longer tenure loan up to 30 years

    PNBHFL Home Loan Add parents as Co-applicant

    Alternatively add your parents


     

    Documentation needed to apply for an PNBHFL 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

     

    PNB HOUSING Home Loan Interest RatesUpdated on 28 May 2017

    PNB HOUSING Home Loan Interest Rates Details
    Interest Rate Floating - 8.50% - 8.70%
    FIXED 3/5 years - 8.80% - 8.99%
    FIXED 10 years - 9.10% -9.30%
    Plot Purchase will be charged 1% higher rates
    Processing Fees Up to 0.50% (min. Rs. 5750)
    Loan Tenure 3 years to 30 years
    Guarantor requirement No guarantor required
    Partial PrePayment Charges Nil
    Pre Closure Charges Nil

     

    PNB Housing Finance

    Humankind pays rich respects to the concept of choice. Unlike the finality of a single solution, choices offer variety and a more refined, personalised solution. In this vein, the various home loans offered by PNB Housing Finance Limited allow a prospective borrower 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.

    PNB HOUSING Home Loan Eligibility and Documentation:

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

    1. The applicant must be an Indian citizen or a fully documented NRI. Essentially, a Person of Indian Origin (PIO).
    2. The applicant’s age must not exceed 70 years at the time of loan maturity.
    3. 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.

    Next, 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 Home Loan Interest Rate:

    PNB Housing Finance Interest rates are based on the benchmark PNBHFR of 14.35% per annum.

    FLOATING RATE

    Salaried Self Employed Professionals Self Employed Non Professionals
    9.30% 9.30% – 10.30% 9.50% – 11.00%

    *Rates of interest are subject to change at the sole discretion of PNB Housing.

    FIXED RATE:

    PNB Housing offers 3 year, 5 year & 10 year Fixed Rate Scheme. The interest rates offered with these schemes are given below.

    Salaried and Self Employed Professionals
    Fixed for 3 years 9.25% – 10.25%
    Fixed for 5 years 9.25% – 10.25%
    Fixed for 10 years 9.50% – 10.50%
    Self Employed Non-professionals
    Fixed for 3 years 9.45% – 10.95%
    Fixed for 5 years 9.45% – 10.95%
    Fixed for 10 years 9.75% – 11.25%

    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.

    Features of PNB Housing Finance 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.
    • 7. Easy repayment options.

    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.

    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.

    The home loan offering from PNB HOUSING 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.

    News About PNB Housing Finance Home Loan

    • 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

       
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  • PNB Housing Finance Home Loan Reviews

    • Punjab National Bank Home Loan
      "Excellent and Quick Service"
      0.5 4.5/5 "Excellent!"
      I am from Chennai. I contacted through an online channel. Instantly they started working on from next day. Especially that Representative name Mr.Rajasekaran who is very active, even he is updating each and every day status. If our documents are very crystal clear, they will complete within 7 days. Even he done my loan process within 9 days (including Sat-Sun). Though, Bank is not provide us to check the loan status upfront, but Rajasekaran updating every single activities in the bank. Also, I would thanks to Mr. Vinoth (his manager). Thanks Elumalai J.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
    • Punjab National Bank Home Loan
      "overall good experience"
      0.5 4.0/5 "Great!"
      I have overall good experience with this home loan provider in terms of customer service and prompt response. This got better after they have ticketing system on service request on newly launched customer portal. If office is in reachable distance your all concerns will be addressed for sure.
      Was this review helpful? 2
      , bangalore
      Reviewed on May 22, 2017
    • Punjab National Bank Home Loan
      "Average"
      0.5 4.0/5 "Great!"
      Experience is nice with the PNB housing finance limited for my home loan but the charges are huge. Response is not much good and the executives are not really co-operative. It took around more than 60 days of time to get the loan amount to be disbursed. I would like to suggest that they need to eradicate the technical and legal charges.
      Was this review helpful? 0
      , nasik
      Reviewed on May 22, 2017
    • Punjab National Bank Home Loan
      "Smooth process before and after the loan"
      0.5 4.5/5 "Excellent!"
      My home loan is from PNB Housing finance. The services was good and we got a good deal from them as well. The rate of interest was of 8.8% fixed, and the process was completed on time. The first EMI has been deducted as well. I had no issues with this institution.
      Was this review helpful? 0
      , nasik
      Reviewed on May 22, 2017
    • Punjab National Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I got the home loan from the PNB housing finance limited and my experience with them was reallly a good one for me and the rate of interest was around 8.5% .The loan amount got disbursed to my account within 45 days of time due to documentation delay.
      Was this review helpful? 0
      , noida
      Reviewed on May 20, 2017
    • Punjab National Bank Home Loan
      "Better Service"
      0.5 4.0/5 "Great!"
      I had taken a housing loan from PNB housing finance limited. They provided a good service. I had not contacted their customer support so I do not have any idea about them. But interest rate is normal and the processing fee is bit higher than other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 20, 2017
    • Punjab National Bank Home Loan
      "Overall service is good"
      0.5 4.0/5 "Great!"
      In short, PNB Housing service is really good, I had taken amount of Rs.38 lakhs for the tenure of 20 years, PNB offered me the least interest of Rs.8.5% which is floating. My EMI amount is 34,000. The loan process got delay but I got better offer from them, Hence I am very happy with their service.
      Was this review helpful? 0
      , chennai
      Reviewed on May 19, 2017
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Overall the PNB HOUSING FINANCE LIMITED has done well, in concern to my home loan. The documentation process alone took time and overall they have taken around 25 days to disburse my loan. The PNB HOUSING FINANCE LIMITED has given the promised interest rate. I can say it was a good process.
      Was this review helpful? 0
      , faridabad
      Reviewed on May 18, 2017
    • Punjab National Bank Home Loan
      "Overall good. Can provide a lesser rate"
      0.5 5.0/5 "Blown Away!"
      The process was pretty good with PNB housing finance for the home loan. My documents was collected on time and the verification and disbursement on time as well. The rate of interest was around 8% and it is only for a year. After which the rate would be around 9.1% which is on the higher side. The processing charges were taken, there are companies who waive it off as well.
      Was this review helpful? 1
      , coimbatore
      Reviewed on May 18, 2017
    • Punjab National Bank Home Loan
      "Very good deal and overall good service"
      0.5 4.5/5 "Excellent!"
      PNB housing finance has been good in the process for the home loan. But I still had few hiccups in between with the submission of the documents. I had to submit few more papers during the process. The rate of interest was great. It was around 8.5% and the processing charges was also minimal.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 18, 2017
    • Punjab National Bank Home Loan
      "Go for it"
      0.5 4.0/5 "Great!"
      Rate of interest was lesser one with the PNB housing finance limited like it was around 8.5%. They don't have any geographical conditions to provide the funds. I got the loan amount within 25 days of time. Response and other aspects were fine and I want to suggest that they should not put multiple insurance policies and rest of the things worked out in a nice way.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 16, 2017
    • Punjab National Bank Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      The process and services were good with PNB Housing finance. I had taken my home loan from them. The documentation process was very simple but I had some issues with EMI option they said the amount will be around 27k but they have charged 31k I am yet to get a confirmation from them on my EMI amount.
      Was this review helpful? 0
      , lucknow
      Reviewed on May 16, 2017
    • Punjab National Bank Home Loan
      "Good "
      0.5 3.0/5 "Satisfactory"
      I had applied for a home loan with PNB housing finance and it was a very good experience from them. The customer services and response was excellent. I had applied for 23 lakhs with a processing fee of 5k. But bank has released 15 lakhs to builder, but the Rate Of Interest offered was 8.5% intially then after 1 year 8.90% Its floating this is for a period of 20 years. 21 k is my actually EMI since bank has released 15lakhs so I am paying 14k as EMI. Before taking the loan the response was good from them after talking the loan they were not at all responding..
      Was this review helpful? 0
      , chennai
      Reviewed on May 16, 2017
    • Punjab National Bank Home Loan
      "Good services"
      0.5 4.0/5 "Great!"
      I did not find any issues with PNB housing finance for the home loan. It was completed within the said time and I got the loan within a month. The rate of interest was of 8.5% and the processing charges was normal. The after loan services are also good.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 16, 2017
    • Punjab National Bank Home Loan
      "Delayed service"
      0.5 3.5/5 "Pretty good"
      PNB provided a good response when I applied for a housing loan. But the challenge is, I had submitted all the required documents at DAY 1 itself, but they had taken 25 days to process the application, for the first level of process, they took around 25 days which is very much disappointing. But interest rate is good and customer service is also very much satisfactory.
      Was this review helpful? 0
      , indore
      Reviewed on May 16, 2017
    • Punjab National Bank Home Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      A hassle free process with PNB housing finance for the home loan. The process was completed on time and it was a good experience. The documentation was normal and I got a rate of interest of around 8.5%. The processing charges was normal and the after loan services are good too.
      Was this review helpful? 0
      , chennai
      Reviewed on May 16, 2017
    • Punjab National Bank Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Everything went good with PNB for my housing loan. However I had given request for change of name in title deeds. Even I provided the documents for the change of name, however it is actioned til date. Besides that PNB is very cooperative. But again I paid extra charges for registration around 8000-9000 rupees which is actually not required. But they made me to pay such amount unnecessarily. There is no such extra charges with other banks for registration.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 16, 2017
    • Punjab National Bank Home Loan
      "Its Better"
      0.5 4.0/5 "Great!"
      PNB housing offered me an interest rate of 8.5% on my housing loan its fine. But loan process got delay, they had al most they taken one and half month to approve my loan and finally it got disbursed. I require an amount of Rs.20 lakhs, PNB housing sanctioned the amount of 18 lakhs. I am not happy with the principal amount, other than that everything is good.
      Was this review helpful? 0
      , ludhiana
      Reviewed on May 16, 2017
    • Punjab National Bank Home Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      PNB housing executives are very prompt, gave clear and transparent information. They had taken complete care on the loan process. They have collected the documents and done the disbursement within 20 days. They sanctioned 80% of loan on the property value.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on May 15, 2017
    • Punjab National Bank Home Loan
      "Nice Service"
      0.5 4.0/5 "Great!"
      I preferred PNB housing finance for my home loan and I approached them through online source. I did not face any challenges with them for my loan application. They processed it in a good way. Interest rate is also good when compared with other banks.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 15, 2017
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