A "low interest" loan shouldn't mean you have very little interest in paying it back!
  • loading

    We found 5 PNB Housing Finance Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.6% - 8.95% 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
    8.6% - 8.95% FIXED:3 years,FLOATING Thereafter
    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
    Value Adds
    8.6% - 8.95% FIXED:5 years,FLOATING Thereafter
    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
    9.0% - 9.25% FIXED:10 years,FLOATING Thereafter
    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
    8.50% - 10.25% FIXED:2 years,FLOATING Thereafter
    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 Home Loan is Rated as "Great!" by 762 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    PNB Housing Finance Home Loan

    PNB HOUSING Home Loan Interest RatesUpdated on 19 Oct 2017

    PNB HOUSING Home Loan Interest Rates Details
    Interest Rate Floating - 8.60% to 8.95%
    Fixed 3/5 years - 8.60% to 8.95%
    Fixed 10 years - 9% to 9.25%
    Processing Fees Up to 0.5%, Minimum Rs. 5900
    Loan Tenure 3 years to 30 years
    Guarantor requirement No guarantor required
    Partial PrePayment Charges Nil
    Pre Closure Charges Nil

     

    PNB Housing Finance

    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 Loan

    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 Loan 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 2.63% post Tax Benefit and PMAY.

    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 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

       

    PNB Housing Finance Home Loan Reviews

    • Punjab National Bank Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The housing loan was good with PNB HOUSING FINANCE LIMITED was good. The customer support support gave good response . The rate of interest is nominal with PNB HOUSING FINANCE LIMITED when compared with others. I would say it was an excellent service which was given by PNB.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Oct 17, 2017
    • Punjab National Bank Home Loan
      "After SBI its PNB "
      0.5 5.0/5 "Blown Away!"
      PNB Housing loan is the best, PNB offered the least interest rate as compared to SBI, processing was very easy they had taken around 2 weeks for the disbursement . Its a joint loan. I had received the copy of tittle deeds and legal documents to my email id on time.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 17, 2017
    • Punjab National Bank Home Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      There is no specific reason not to avail loan from PNB housing, only because of the personal reason I have postponed the plan. Therefore I didn't get opportunity to go head with PNB housing, but their response is very good and gave me good interaction.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 17, 2017
    • Punjab National Bank Home Loan
      "Its Good"
      0.5 3.0/5 "Satisfactory"
      Right now, I have postponed the plan of purchasing the property, due to the personal loan. But I personally felt, PNB housing is good because they reached me and gave the proper coordination and response. The rate which offered by PNB Housing its good.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 17, 2017
    • Punjab National Bank Home Loan
      "Its Excellent"
      0.5 5.0/5 "Blown Away!"
      The property which I was identified it was not finalized because of some reason. That is the reason I haven't avail any loan from PNB housing but once I have finalized the property, surely I have idea to go with PNB housing its very comfortable.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Oct 17, 2017
    • Punjab National Bank Home Loan
      "Awesome experience"
      0.5 4.0/5 "Great!"
      I had a fabolous experience with PNB Housing Finance Limited. Rate of Interest of 8.50 % is pretty decent, even though it's a little higher than the markets. I have already recommended this service for my friend. The application process took very little time.
      Was this review helpful? 0
      , varanasi
      Reviewed on Oct 17, 2017
    • Punjab National Bank Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The home loan was average with Punjab National Bank housing finance limited. They have disbursed the loan in a month time. The rate of interest and the charges are quite competitive and I am fine with it. The customer supportive need to be supportive .
      Was this review helpful? 0
      , noida
      Reviewed on Oct 17, 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, i am happy that my loan application was approved and the required amount was disbursed. The customer service was good and they were very helpful, they provided a door step service for the collection of documents. The rate of interest was a bit high when compared to other sources.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 17, 2017
    • Punjab National Bank Home Loan
      "Need to improve customer service"
      0.5 4.0/5 "Great!"
      PNB housing gave me ultimate offers in term of interest rate and there was no hidden charges on the loan application. But service part need to be improved it was not upto the mark, they don't get back to the customer, the principal amount was also good they gave me better rates.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The home loan service is good with PNB HOUSING FINANCE LIMITED . The Executive with PNB who gave very good support in response to my home loan application. The customer support is excellent with PNB HOUSING FINANCE LIMITED . The rate of interest and the charges are nominal with PNB HOUSING FINANCE LIMITED .
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 15, 2017
    • Punjab National Bank Home Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      The home loan service was good with PNB HOUSING FINANCE LIMITED . I got the loan amount within 15 to 20days of time. The customer service was prompt from PNB HOUSING FINANCE LIMITED . The rate of interest is same when compared with other banks.
      Was this review helpful? 0
      , greater noida
      Reviewed on Oct 15, 2017
    • Punjab National Bank Home Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I have approached PNB Housing Finance Limited for home loan, the response was good. Initially I had to followup them for couple of times, after that they called me. I didn't finalize my property yet so its been delayed from my side.The ROI was nominal as per the market price.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 15, 2017
    • Punjab National Bank Home Loan
      "Good response"
      0.5 4.0/5 "Great!"
      When I approach PNB Housing Finance Limited on my home loan they responded me well. The rate of interest was nominal compared to other bankers. I have not gone with PNB housing finance since I have postponed my plans. I would like to give my ratings as 4 out of 5.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 15, 2017
    • Punjab National Bank Home Loan
      "Average"
      0.5 3.5/5 "Pretty good"
      My home is with PNB . They have not given proper details when I have enquired about the process and There is no 100% transparency . The customer service and responses was satisfactory. The loan amount was 41 lakhs and the rate of interest was 8.7% which was bit high comparing to other banks. The EMI period was 20 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 15, 2017
    • Punjab National Bank Home Loan
      "Overall good"
      0.5 3.0/5 "Satisfactory"
      When compared to the other banks, PNB housing finance was better for the home loan as they provided a decent loan amount. My experience was very nice and the process took one month. The interest rate and the processing charges was normal. It was around 8%.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 14, 2017
    • Punjab National Bank Home Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      When I approached PNB Housing Finance Limited for my home loan got good support. Actually I had changed my plan, right now there is no requirement for me. So I requested them to cancel my application. There were no issues with the bank side. Rate of interest is not discussed.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Oct 12, 2017
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have approached PNB LTD for my home loan. I have no idea about the rate of interest because It was not discussed later banker said I have already existing loan running with different bank so that is why loan cannot be processed My overall experience with good. The customer service and responses were good . I had an idea of taking 20 lakhs as the loan amount.
      Was this review helpful? 0
      , rohtak
      Reviewed on Oct 12, 2017
    • Punjab National Bank Home Loan
      "Need to be clear on the ROI and charges"
      0.5 4.0/5 "Great!"
      It was a smooth process with PNB housing finance for the home loan. Except for the delay in issuing of the loan. They took approximately 45 to 60 days. The interest rate and processing fees was a bit confusing when it comes to providing explanation.
      Was this review helpful? 0
      , kalyan
      Reviewed on Oct 12, 2017
    • Punjab National Bank Home Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I was just comparing the rate with PNB Housing, at present I am not looking for any home loan. I already had a home loan with other institute. PNB housing have responded well and their interest rate was similar to the market competitor its was fine.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 11, 2017
    • Punjab National Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my home loan with PNB. The rate of interest was 8.5% which was average . The customers service and response was up to the mark. They have provided door step service for documentation service and sanctioned the loan with the committed time. My overall experience was excellent.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 11, 2017
    Common Loader Icon
     Loading your search... Loading your search...
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.