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    PNB Housing Finance

    PNB Housing Finance offers eligible customers a wide range of home loan products at competitive interest rates. The excellent customer service and user-friendly portal for repayment have made it the go-to bank for millions of customers.
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    We found 1 PNB Housing Finance
    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
    Documents
    Perks
    Fees & Charges
    Good to Know

    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 Finance Home Loan Interest Rates Updated on 27 Mar 2019

    PNB HOUSING Finance Home Loan Details
    Interest Rate 9.0% to 9.50%
    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

    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.

    How to Apply for a PNB Housing Finance Limited Home Loan on BankBazaar.com


     

    Types of PNB Housing Finance Home 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.

    PNB Housing Finance Home Loan Documents

    Documents required for Salaried Individuals:

    Purpose Documents
    Identity Proof (any one)
    1. Voter ID
    2. Aadhaar Card
    3. PAN Card
    4. Valid Passport
    5. Valid Driving License
    Address Proof (any one)
    1. Valid Passport
    2. Ration Card
    3. Aadhar Card
    4. Voter ID
    5. Valid Driving License
    6. Utility Bills
    Education Qualification Latest degree certificate
    Income Proof
    1. Salary slips for the last 3 months
    2. Latest Form 16 and Income Tax Returns for the last 2 years
    3. Bank statements showing salary credits for the last 6 months
    Other Documents
    1. Title deeds of the property
    2. Photocopy of the approved plan
    3. Conveyance deed
    4. Latest property tax receipt
    5. Own contribution proof
    6. Processing Fee Cheque favouring “PNB Housing Finance Ltd.”
    7. Duly filled loan application form affixed with passport size photographs of the applicant/co-applicant

    Documents required for Self-employed professionals/Non-professionals:

    Purpose Documents
    Identity Proof (any one)
    1. Valid Passport
    2. Voter ID
    3. PAN Card
    4. Valid Driving License
    5. Aadhaar Card
    Address Proof (any one)
    1. Aadhar Card
    2. Voter ID
    3. Valid Driving License
    4. Valid Passport
    5. Ration Card
    6. Utility Bills
    Education Qualification Latest degree certificate in case the applicant/co-applicant is a self-employed professional
    Income Proof
    1. Business address proof
    2. Business profile
    3. Latest Form 26AS
    4. VAT/Service Tax registration
    5. Memorandum and Articles of Association of the company
    6. Incorporation details of if the business entity is a company
    7. Balance sheet and Profit and Loss account audited by a certified CA for the last 3 years
    8. Income Tax Returns of both the individual and the business entity for the last 3 years, audited by a CA
    9. Copy of partnership deed in case the business entity is a partnership firm
    10. Proof of business existence
    Other Documents
    1. Title deeds of the property
    2. Photocopy of the approved plan
    3. Conveyance deed
    4. Latest property tax receipt
    5. Own contribution proof
    6. Processing Fee Cheque favouring “PNB Housing Finance Ltd.”
    7. Duly filled loan application form affixed with passport size photographs of the applicant/co-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

    Tenure 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 Finance 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%.

    Home Loan - Sitemap

    PNB Housing Finance Home Loan Reviews

    • Punjab National Bank Home Loan
      "Fast response is not there ."
      0.5 3.0/5 "Satisfactory"
      PNB is very good financial bank to get the Housing loan . Based on the service and response . I am okay with the PNB LTD . PNB asked so many physical documents to submit for verification purposes . Even after submitting the docs not get the proper and fast response .
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 26, 2019
    • Punjab National Bank Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      They have given the good offers with the PNB HOUSING FINANCE LIMITED so i have taken this housing loan. The documentation process was simple and easy to get the loan added on that i got the loan within couple of month. The loan amount was good and satisfactory.
      Was this review helpful? 0
      , kolkata
      Reviewed on Mar 25, 2019
    • Punjab National Bank Home Loan
      "Need to legalize the Housing project in main city"
      0.5 4.0/5 "Great!"
      PNB need to take care for legalizing all the project . Because I paid some extra fees for legal charge . They taken one month for sanctioning my Home loan .Delay involved from my side and bank. I dont find any issue with the interest rate as 9.1 % . I got a good service from PNB .
      Was this review helpful? 1
      , mumbai
      Reviewed on Mar 24, 2019
    • Punjab National Bank Home Loan
      "Best and hassle free experience"
      0.5 5.0/5 "Blown Away!"
      My housing loan experience was good it was hassle free, I don't have to go to any of the branch. The field executive gave me the door step service, it took one month of the time for the whole process completion. They sanctioned the amount in one slot with better interest.
      Was this review helpful? 2
      , pune
      Reviewed on Mar 22, 2019
    • Punjab National Bank Home Loan
      "Rate of interest should be reduced"
      0.5 5.0/5 "Blown Away!"
      Earlier I had the loan from PNB, then I switched over to ICICI, because of the rate of interest . Remaining all very good even the customer support is very proactive, the bank documentation process was hassle free, I don't want reach out to the bank for any concern. The executive gave me the door step service to avail the housing loan.
      Was this review helpful? 2
      , gurgaon
      Reviewed on Mar 16, 2019
    • Punjab National Bank Home Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I took 18L as a home loan in PNB Housing Finance and it was a good experience. I have done a comparison and found the rate of interest is lower than other banks. I got the rate of 8.35% per annum and 5K as a processing fine. The loan duration is 30 years.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Mar 15, 2019
    • Punjab National Bank Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I earlier had my home loan with PNB housing finance limited. It was not a up to the mark experience. When there was a time the interest rates was reducing they never did it for the existing customer. But they increased it when the rates went high. I am not happy about the same.
      Was this review helpful? 0
      , kolkata
      Reviewed on Mar 10, 2019
    • Punjab National Bank Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have been recently applied for housing loan with PNB housing finance,i pro-active approach my site to get loan amount soon,the loan amount was sufficient,like based on my requirement they have given me loan,and i felt the rate on interest which they have charged me was bit high,and there was delay in getting loan ,but that fine,due to some legal huddle i need loan so i did not bothered about rate of interest.
      Was this review helpful? 4
      , mumbai
      Reviewed on Mar 03, 2019
    • Punjab National Bank Home Loan
      "Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      I bought the home loan from PNB housing. Based on the customer requirement they are providing the loan. Their loan process was fast and they have sanctioned the loan immediately. As per the RBI Guidelines they are following up the interest rates. It took minimum of 45 days to provide the loan. The staff response was really awesome.
      Was this review helpful? 6
      , salem
      Reviewed on Jan 28, 2019
    • Punjab National Bank Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The process in getting this card was quite good where the executives where very much helpful and where friendly. The process has taken a little more time than usual, the loan amount has been okay but it was not up to the mark as i expected. They had offered me that there will not be any processing fee but they had taken the processing fees.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 28, 2019
    • Punjab National Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for PNB HOUSING FINANCE LTD recently, the loan amount they have given me was sufficient, and the rate of interest they have charged me was up to 8.9% which is nominal compare to market price, and the processing fee they have charged me was nominal, and the loan was on time.
      Was this review helpful? 3
      , new delhi
      Reviewed on Jan 27, 2019
    • Punjab National Bank Home Loan
      "Bad experience"
      0.5 1.0/5 "Really Bad"
      I have applied for my home loan with PUNJAB NATIONAL FINANCE LIMITED,i had bad experience with them, like they have not given me proper information regarding this , the interest rate as per now it okay, but after 6 months i feel they will increase it, they have not giving me proper information , and they forcefully given me other bank they forcefully gave me life and property insurance, like they should give 1,95,000 they gave me just 1,85,000 without reason they have charged me 6000 did not informed me the reason ,i had bad experience.
      Was this review helpful? 1
      , pune
      Reviewed on Jan 27, 2019
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken my loan with PUNJAB HOUSING FINANCE , the process was very good while taking the loan even i got my loan on time . The rate of interest is little high with this bank . Only they need to improve their customer service they was not very clear about the documents part .
      Was this review helpful? 2
      , chennai
      Reviewed on Jan 27, 2019
    • Punjab National Bank Home Loan
      "Absolutely excellent finance company"
      0.5 5.0/5 "Blown Away!"
      The customer care service of PNB Housing is excellent. The interest rates are higher compared to other banks. They have offered me a interest rate of 9.10%. Already they have sanctioned the loan on time. Total tenure period of the loan upto 30 years. I withdrawn the amount of Rs. 25.50 lakhs
      Was this review helpful? 5
      , nagpur
      Reviewed on Jan 27, 2019
    • Punjab National Bank Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have been using PUNJAB NATIONAL BANK for home loan recently. Their service is good, they have charged me nominal rate of interest up to 9.5% it is nominal compare to other bank,and their processing fee they have charged me was nominal,the loan amount they have given me in this bank was sufficient. The loan was process on time.
      Was this review helpful? 2
      , mumbai
      Reviewed on Jan 27, 2019
    • Punjab National Bank Home Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have been using my home loan with PUNJAB NATIONAL BANK. Their service is good, they have given me sufficient loan amount ,and the rate of interest they have charged me up to 9% it was nominal , it is not fixed rate of interest it varies, and they have charged me processing fee it is up to 5600 it is nominal, and loan was on time, i directly went and approach through bank.
      Was this review helpful? 2
      , erode
      Reviewed on Jan 27, 2019
    • Punjab National Bank Home Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had chosen to go with them since all the credentials which they where offering has been good. The process in getting this loan was good and the loan amount which they had provided has been sufficient as well. The interest rate with them was nominal and the charges which they had made has been nominal as well. Their customer support has been helpful at times.
      Was this review helpful? 2
      , hosur
      Reviewed on Jan 26, 2019
    • Punjab National Bank Home Loan
      "Communication should be clear"
      0.5 2.0/5 "Expected more"
      I need a loan, at the time I approached PNB housing, they told 8.5% as interest rate finally they gave me 10.5% of interest is higher. The took the loan amount around Rs. 17 lakhs for tenure of 20 years. They didn't informed about the correct interest rate.
      Was this review helpful? 7
      , new delhi
      Reviewed on Dec 04, 2018
    • Punjab National Bank Home Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      PNB housing taken short span of time to disbursed the loan amount as per my requirements, they have fulfilled my needs. The interest rate is around 9.99% its nominal compared to other banks, they gave me the flexible emi options and it is very much satisfactory.
      Was this review helpful? 3
      , mohali
      Reviewed on Dec 04, 2018
    • Punjab National Bank Home Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      The rate of interest was 8.5% and they having taking EMI of 39,700 rupees. The loan duration is 30 years. The loan amount is 44L and I got only 42L rest has been charged for insurance. I have contacted the customer support and they are not responding properly. They need to maintain transparency.
      Was this review helpful? 2
      , mumbai
      Reviewed on Nov 24, 2018
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