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    We found 1 PNB Housing Finance
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.99% - 9.75% (1% higher for plot loans) Fixed/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
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    PNB Housing Finance is Rated as "Great!" by 992 Users

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    Home Loan BYTES FROM OUR KITCHEN

    PNB Housing Finance

    PNB Housing finance is a branch Punjab National Bank. The bank has an enormous customer base and provides a widespread line of home loan products for the public, private builders, government employees, etc. PNB housing finance home loans can be availed by visiting one of their several branches spread across the nation.

    PNB HOUSING Home Loan Interest RatesUpdated on 18 Aug 2018

    PNB HOUSING Home Loan Interest Rates Details
    Interest Rate 8.99% to 9.75% (1% higher for plot loans)
    Processing Fees Up to 0.50%, Minimum Rs. 10000 + GST
    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:Floating Rate

    Category PNB Housing Finance interest rate
    Salaried 8.99%-11.50%
    Self Employed Professionals 8.99%-11.50%
    Self Employed Non Professionals 9.20%-12.00%

    PNB Housing Finance interest rate:Fixed Rate

    Tenor Salaried & Self Employed Professionals Self Employed Non-professionals
    1 year 9.25% – 11.50% 9.50% – 11.50%
    2 years 9.25% – 11.50% 9.50% – 11.50%
    3 years 9.25% – 11.50% 9.50% – 11.50%
    5 years 9.50% – 12.00% 9.75% – 12.00%

    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.
    Home Loan - Sitemap

    PNB Housing Finance Home Loan Reviews

    • Punjab National Bank Home Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      My home loan was taken with PNB 3 years back. The loan amount was 24 lakhs and the interest rate was satisfactory . The tenure period was 30 years here. The loan process was very smooth and good. There is no inconvenience faced and the processing fee was also nominal. The documentation and verification was a bit tedious.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 16, 2018
    • Punjab National Bank Home Loan
      "Feedback"
      0.5 0.5/5 "Unacceptable"
      Executives are not trustable and untrained . Completely misguide to the customer . Better to compare every bank offer and and analyse. Better to avoid home loan from pnbhfl . Lots of hidden things , they never tell you . Unnecessarily mentally harassed to the customer . Experience is very bad
      Was this review helpful? 4
      , vapi
      Reviewed on Jul 15, 2018
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan experience with PNB Housing was good, the loan amount was for Rs 38 lakhs with the tenure period of 25 years. The process was quick and i received my loan amount on time. I am happy with the customer service and the rate of interest was nominal when compared to others.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 11, 2018
    • Punjab National Bank Home Loan
      "Needs to improve on customer service"
      0.5 2.0/5 "Expected more"
      My home loan application was closed with PNB Housing finance, the reason is because there was no response from the customer service of PNB and there was no follow up done. When it comes to rate of interest, it is 8.45% which is nominal rate in the market.
      Was this review helpful? 0
      , thane
      Reviewed on Jul 09, 2018
    • Punjab National Bank Home Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      My home loan application was closed with PNB Housing Finance, the reason is because i have taken home loan from other bank. Customer service was very good and they followed up on time, they explained everything about the product. The rate of interest of 8.45% is less rate in the market.
      Was this review helpful? 0
      , noida
      Reviewed on Jul 09, 2018
    • Punjab National Bank Home Loan
      "Prompt service"
      0.5 4.0/5 "Great!"
      I have applied the loan in the month of March. I have just asked for the maximum eligibility amount. They have providing me the interest rate of 8.5% and I'm sure about the processing fee. After that i have rejected the loan due to that i have postpone the plan. I never faced any issue with PNB housing. The customer provided very prompt response
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jul 09, 2018
    • Punjab National Bank Home Loan
      "Need to speed up the process"
      0.5 4.0/5 "Great!"
      I was looking for PNB housing but its not succeed for me. I have got a quotation from other banks. The interest rates is more than compared to other banks. They are offering a processing amount of around Rs. 5000 and interest rate of 12% per annum. Acutally the completetion process its taking too much time. Thats the reason i have rejected the loan from PNB
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 09, 2018
    • Punjab National Bank Home Loan
      "Good loan experience"
      0.5 4.0/5 "Great!"
      I have applied the loan amount of 25 lakhs and after that i have rejected the same due to canceled my plan of purchasing the home. I'm not aware of the interest rate however processing fee is zero. I think they are offered around 8.45% as interest rate. The customer care service people and all very much helpful to me.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jul 09, 2018
    • Punjab National Bank Home Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      I have approached PNB for the housing loan . The loan amount was 20 lakhs and the interest rate was but high than other banks.I got a better interest rate and charges with SBI so I have canceled the request here and taken with SBI . I have got a very good customer service from PNB housing finance.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jul 07, 2018
    • Punjab National Bank Home Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I have approached PNB for my home loan.I did not submit the documents . The loan amount was 20 lakhs and the interest rate was satisfactory . The customer service and responses was good.My overall experience was good so I would like to recommend to others,
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 07, 2018
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan application was closed with PNB Housing, it is because i have taken a home loan from other bank. When it comes to the customer service of PNB, their response was good and they followed up on time. The rate of interest was nominal when compared to others.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jul 06, 2018
    • Punjab National Bank Home Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      I had a plan to take my personal loan with PNB. The interest rate is not good here so I have canceled and taken with ICICI bank since the procedure will be so simple there . I am looking for 50,000 and the interest rate was 8.55% which is bit high . The customer service and reponses was up to the mark
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 06, 2018
    • Punjab National Bank Home Loan
      "Need to reduce ROI"
      0.5 4.0/5 "Great!"
      I have applied for the home loan from PNB Housing, the loan application was closed because i have just inquired for the home loan and as of now i do not require loan. Customer service was good and they followed up on time. The rate of interest of 8.5% is little high when compared to others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 06, 2018
    • Punjab National Bank Home Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I have approached PNB for my home loan. They have taken much time for the loan process here and i was asked to submit lot of documents to submit so i have canceled the taken with ICICI bank where i had high eligibility also. The customer service and response was good. I was looking for 50 lakhs loan amount and the given interest rate was also very satisfactory here.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 06, 2018
    • Punjab National Bank Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have approached PNB for my home loan . The customer service and responses was not good. They did not call me immediately and simultaneously another agent approached me so i have taken my home loan with LIC . Here i was looking for 70 lakhs and the interest rate was bit high .
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 05, 2018
    • Punjab National Bank Home Loan
      "Very good "
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Pun jab National Bank, the experience with them what I had was very good, they were very cooperative and very responsive. I am quite happy with their response and assistance, I received the loan amount on time, and their rate of interest is also normal.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 26, 2018
    • Punjab National Bank Home Loan
      "Very Prompt Service"
      0.5 4.5/5 "Excellent!"
      I have a got loan on time. Everything was done in a smooth process. I'm yet to pay the first month EMI. The people who are working in PNB housing are very prompt and responsive. They have offered me very good interest rate. For the first year, they have offered me interest rate of Rs. 8.4% and from the 2nd year the interest rates will be based on floating price. I have got a separate relationship manager.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 19, 2018
    • Punjab National Bank Home Loan
      "Easy Process and Good Experience"
      0.5 4.0/5 "Great!"
      Documentation process was quite easy. I have got the loan on time. The banking people are very helpful. As per the market standards they have offered me interest rate. Next month i have to pay the EMI. The processing fee is nominal when i compared to other banks. The overall experience is good and I'm very much satisfied about.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 19, 2018
    • Punjab National Bank Home Loan
      "I'm Satisfied with PNB Housing"
      0.5 4.0/5 "Great!"
      They have given me that the rate of interest rate is 8.5% is applicable for 1 year. After 1 year, the interest rate is depends on the market rate. Process fee is nominal. Processing fee is okay and its like other banks. I have got the loan on time. They executive helped me a lot to sanction the loan quickly. The documentation process was good. I'm paying the EMI of Rs. 35000. I used to make the payment through ECS.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 18, 2018
    • Punjab National Bank Home Loan
      "Easy to Get loan"
      0.5 5.0/5 "Blown Away!"
      I have got a on time. I have to wait for sometime on registration. The representative was very helpful. I never called with their customer care. I have applied a loan amount of Rs. 35 lakhs. They charging 2.5 % as processing fee and interest rate of 8.5%. Overall, I'm satisfied with the PNB housing.
      Was this review helpful? 0
      , salem
      Reviewed on Jun 18, 2018
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