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  • PNB Housing Finance

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  • PNBHLF offers eligible customers plot loan up with interest rates ranging from 9.25% to 9.50%. The repayment period is a minimum of 3 years and a maximum of 30 years.  

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    We found 1 PNB Housing Finance Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.25% - 9.50% Floating
    Up to 0.50% (min. ₹10,000 + GST) One time fee
    8L Min
    1-30 Years
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know

    PNB Housing Finance Home Loan Details

    PNB Housing Finance Limited (PNBHF) offers various property-related loans at reasonable interest rates and easy processing. Find below a summary of the key points of PNBHF’s home loans:

    Reference Rate 9.25% for salaried persons
    9.50% for self-employed persons
    Loan Amount Minimum: NA, Maximum: 90% of property cost
    Processing Fees Up to 0.5% (min. Rs.10000 + GST)
    Penal Interest Rate 2% per month on dues
    Prepayment/Foreclosure Charges NIL for floating-rate packages
    2% to 3% for fixed-rate and non-individuals
    Max Tenure 30 Years
    Rate Packages Available Floating/Fixed

    If you plan to apply for a PNBHF loan to buy property/plot or construct your own house, then you need to know the other home loan-linked fees and charges. Make sure you’re aware of all your responsibilities before you take a loan.

    PNB Housing Finance Interest Rates

    PNBHF offers affordable interest rates on its various housing finance schemes, all of which are detailed in the table below:

    PNBHF Home Loan Schemes Applicable Interest Rate (p.a.)
    PNB Home Purchase Loan 9.25% to 11.50%
    PNB Home Improvement Loan 9.10% to 12.50%
    PNB Plot Loan 10.25% to 11.75%
    PNB Loan for NRIs 9.25% to 11.50%
    PNB Unnati Home Loan 10.75% to 12.50%

    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.

    Types of Home Loans by PNB Housing Finance

    The different types of home loan products offered by PNB Housing Finance are the following:

    • Home Purchase Loan:
    • This loan is for the purchase of a residential property in India.

    • Home Improvement Loan:
    • This covers the renovation, upgradation, repair, flooring, water-proofing, false ceiling, woodwork, tiling, plumbing, or electrical work of an already purchased house.

    • Home Extension Loan:
    • This loan can be used to add an extra room or space to your home to meet the needs of a growing family.

    • Home Construction Loan:
    • This will provide the financial support to construct a residential house property on one’s own, especially for those who already own land and wish to construct a house on it.

    • Residential Plot Loan:
    • This is for purchasing a residential plot to construct a house in an urban area.

    • Loan for NRIs:
    • The home loan products for NRIs and PIOs can be used to purchase a new house or construct one. It can also be used for the renovation and repair of the residential properties, but only for those in India.

    • Unnati Home Loans:
    • These loans provide a simplified and streamlined loan disbursal process with a maximum loan amount of up to Rs.25 lakh (subject to 90% of the property’s market value). The interest rates start at 10.75%.

    • Pradhan Mantri Awas Yojana:
    • This is a Credit Linked Subsidy Scheme (CLSS) for the Lower Income Group (LIG), Middle Income Group (MIG), and Economically Weaker Section (EWS) of society.

    Features and Benefits of the Loan:

    The features and benefits of the loans are as follows:

    • Rate of interest that starts as low as 9.25%.
    • Floating rate of interest that is linked to the benchmark rate – PNBHFR. This gives you the benefit of lower rates of interest when compared to loans with fixed interest rates. It translates to greater savings for you over the long term.
    • PNB has tied up with prominent insurance companies so you can get your loan repayments insured. This helps to protect you financially even in the case of unfortunate events that could hamper the repayment of your loan.
    • Doorstep services ensure quick and hassle-free disbursal of the loan.
    • A wide range of loan products within the home loan category including loans for home improvement, home extension, and purchase of plots.
    • Repayment options through Electronic Clearance System (ECS) and post-dated cheques make it easier to pay back the loan at your convenience.
    • Repayment tenures of up to 30 years which offer more time to repay the loan in a stress-free manner.
    • In case of increase in the cost, there is the facility to enhance the loan amount.

    Who is Eligible for PNB Housing Finance Loan?

    The age of the borrower should not exceed 70 years at the time of the maturity of the loan.

    Documents Required

    The list of documents required for salaried individuals and self-employed individuals are given below. While there are some common documents, there are also some that are unique to each category.

    Documents Required for Salaried Individuals:

    All the documents given below have to be self-attested by the applicant.

    Eligibility Proof Documents Required
    Proof of residence Telephone bill/election card/ration card/driving license/passport/any relevant certificate from a Statutory Authority
    Proof of age Passport/PAN card/any relevant certificate from a Statutory Authority
    Proof of educational qualifications Latest degree certificate
    Proof of income
    • Most recent salary slips of 3 months
    • Bank statements from salary account of the last 6 months
    • Form 16
    Others:
    • Application form that is filled up accurately (which can be downloaded from the website of PNB Housing Finance Limited) along with photograph.
    • Photocopy of the approved plan or property title documents.
    • Cheque for processing fee made in favour of ‘PNB Housing Finance Ltd.’

    Documents Required for Professionals/Self-Employed Individuals:

    All the documents given below have to be self-attested by the applicant.

    Eligibility Proof Documents Required
    Proof of residence Telephone bill/election card/ration card/driving license/passport/any relevant certificate from a Statutory Authority
    Proof of age Passport/PAN card/any relevant certificate from a Statutory Authority
    Proof of educational qualifications Latest degree certificate (for professionals)
    Proof of income
    • Income tax returns of the past 3 years. Balance sheets and Profit & Loss account to be audited/certified by a Chartered Accountant
    • Bank statements of the last 12 months
    • Business profile
    • Proof of existence of business and certificate
    Other Requirements:
    • Application form that is filled up accurately (which can be downloaded from the website of PNB Housing Finance Limited) along with photograph.
    • Photocopy of the approved plan or property title documents.
    • Cheque for processing fee made in favour of ‘PNB Housing Finance Ltd.’

    PNB Housing Finance Loan EMI Calculator:

    BankBazaar’s free online EMI calculator helps you to know exactly how much EMI you would have to pay for your PNB Housing Finance loan. The easy-to-use interface has sliders for important parameters like loan amount and tenure which you can adjust according to your requirement. You can also add in your interest rate and processing fee.

    Your monthly loan EMI will be automatically generated and displayed along with an amortization table. The table displays your debt repayments for your tenure comprising the principal and interest amounts on an annual and monthly basis.

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

    A Credit Linked Subsidy Scheme (CLSS) is offered by PNB Housing Finance under the Pradhan Mantri Awas Yojana. This scheme offers interest subsidies and was introduced by the Ministry of Housing and Urban Poverty Alleviation (MoHUPA) with the aim of providing housing for everyone in India by the year 2022.

    The following categories of people can be beneficiaries of the scheme:

    • Lower Income Group (LIG)
    • Middle Income Group (MIG)
    • Economically Weaker Section (EWS)

    The loan can be utilised to purchase, construct, or enhance a house. Under the LIG and EWS category, it is mandatory that women should have ownership of the house if it is for the purchase of a new house. The benefits are only available for purchase of the first property. Only immediate family members are eligible to be applicants, which include the self, unmarried children, or spouse. The tenure for the interest subsidy is 20 years.

    Why Apply for a PNB Housing Finance on BankBazaar.com?

    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 on BankBazaar.com

    FAQ:

    1. Is PNB Housing Finance available all over India?

      Yes, PNB Housing Finance has a wide network all over India.

    2. How is the loan disbursed?

      The loan is disbursed either in installments or as a lump sum depending on the requirements. For flats or houses under construction, it is disbursed in regular stages depending on how the construction is progressing. For purchasing a flat or house on resale, the loan is paid in a lump sum.

    3. Does the applicant to have to make a contribution?

      Yes, the applicant has to make a contribution that is 10% of the total cost of the property (for purchase of property, this includes registration charges and stamp duty).

      1. What is the quantum of loan that is provided?
      2. For a loan amount of up to Rs.30 lakh, the maximum funding provided is 90% of the market value.
      3. For a loan amount of up to Rs.75 lakh, the maximum funding provided is 80% of the market value.
      4. For a loan amount that exceeds Rs.75 lakh, the maximum funding provided is 75% of the market value.
    4. Is there any security required for the loan?

      The security required is a first charge which is in the form of an equitable mortgage of the property that is to be financed and/or any other securities that can be taken as collateral.

      

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    PNB Housing Finance Home Loan Reviews

    • Punjab National Bank Home Loan
      "Normal loan service"
      0.5 4.0/5 "Great!"
      There is no much documents required in PNB Housing finance thats the reason i opted the home loan from them. I bought the loan amount of Rs. 7 lakhs and they took 1 month to provide this loan. Interest rates are on the higher part after 1 year. I have been paying the EMI amount of Rs. 7200 for the tenure period of 15 years but i have requested them for 20 years.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Sep 16, 2019
    • Punjab National Bank
      Punjab National Bank Home Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have taken Home loan through Punjab National Bank which was referred by my friend.The service is not upto the mark.I have got this loan sanctioned within 20 days.I have got all the required information about the loan process through the agent .The rate of interest and the processing fee was very high .
      Was this review helpful? 1
      , coimbatore
      Reviewed on Sep 03, 2019
    • Punjab National Bank Home Loan
      "Good Experience for the housing loan"
      0.5 4.5/5 "Excellent!"
      The PNB housing loan process was convenient but from my end the documentation submitted delay hence it took some time. I purchased the apartment from the builder, based on the under construction they released the amount. The best part they gave me attractive interest and process was good and faster as compared to others.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 26, 2019
    • Punjab National Bank Home Loan
      "Need improvement on the service part"
      0.5 2.0/5 "Expected more"
      I am not happy with the PNB housing customer service, they are not aware of product knowledge and whenever I raise any complain they keep asking the same. I need to share my queries to all executive they don't have any previous record. I took Rs.40 lakhs for the duration of 20 years. They gave me 9% of interest for my home loan.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 02, 2019
    • Punjab National Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have selected punjab national home loan amount is 12 lakhs , EMI 11200 , Rate of interested is normal one time process fee Rs 5000 and Tenure 15 year ago .Customer service is good and responsive .while documents submitted directly bank , there is no delay disbursal loan amount.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 29, 2019
    • Punjab National Bank Home Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      I have taken 20L as home loan with PNB Housing Finance. I have purchased a residential property. I have no issues with the loan process. The customer service is good. The interest rate is nominal which is around 9.2% and there was nominal processing fee.I have completed 2 to 3 years and the overall duration is 15 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 27, 2019
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The home loan rate of interest is too high and currently the provided rate is 10.50%. The processing fee is okay. All the services has been good except rate of interest. They took 2 months to disbursed the loan. Some criteria is not fulfilled like because my property is more than 25 years due to the documentation issue, it got delayed from my end.
      Was this review helpful? 2
      , mumbai
      Reviewed on Jul 26, 2019
    • Punjab National Bank Home Loan
      "Better"
      0.5 5.0/5 "Blown Away!"
      I have completed a home loan with PNB Housing Finance and it was a good experience. I have purchased a residential property and the loan process was simple. The interest rate is lower than others. There was a processing fee which is around 2500 rupees for 20L.
      Was this review helpful? 1
      , thane
      Reviewed on Jul 26, 2019
    • Punjab National Bank Home Loan
      "Support is very nice in PNB housing"
      0.5 5.0/5 "Blown Away!"
      I have taken the tenure period for my PNB housing loan of 5 years on that 3 years completed and the loan is going very smooth. Their communication is fantastic they are giving alert message stating that to check the balance to keep for paying the EMI. I have done a balance transfer to this bank because i want some top up. Their interest rate is nominal. Their customer care is very good and they are running bank for the customer and the staff mentality is good. All the paper work, they came to my house and got the sign.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Jul 26, 2019
    • Punjab National Bank Home Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      The home loan experience is good with PNB Housing, I took the principal amount of Rs. 32 lakhs , first time I took 25.75 lakhs and second year I took mortgage loan of Rs. 6.15 lakhs for three years of team. The documentation was very easy, the executive came to my place and collected the papers. I already recommended their service.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Jul 23, 2019
    • Punjab National Bank Home Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      Several times I got response from PNB housing for my home loan request. But I took the loan from HDFC limited because I have my old loan with the same bank. But I believe PNB interest is more they quoted me 8.75 but in HDFC limited I got 8.6% of interest and also PNB housing is charging some where around Rs. 9000 fee.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jul 13, 2019
    • Punjab National Bank Home Loan
      "Medium"
      0.5 4.0/5 "Great!"
      I was applied for a home loan in PNB HOUSING FINANCE LIMITED one month before through an online process. The rate of interest and processing fee are not intimate from bank. The loan amount was sufficient for the tenure of 25 years.Due to bank norms has not met process was closed.
      Was this review helpful? 1
      , jaipur
      Reviewed on Jul 09, 2019
    • Punjab National Bank Home Loan
      "Need to reduce rate of intrest "
      0.5 5.0/5 "Blown Away!"
      I applied my home loan with PNB but i cancel this loan because they was charging very high rate of interest which is disappointing . I said them to negotiate but they have not done . I applied for 1500000 and they was reddy to give the same amount . The service is good , and even response is good .
      Was this review helpful? 1
      , pune
      Reviewed on Jul 09, 2019
    • Punjab National Bank Home Loan
      "Average Loan "
      0.5 5.0/5 "Blown Away!"
      My friend has taken the home loan from PNB housing hence there is no issue on housing hence i have chosen them. After i filled my application, they have not done any follow till now. I have applied the loan amount of Rs. 20 lakhs. They have asked me for the sanctioned date then i have requested them within 3 months to sanctioned the loan and the interest rate is 8.3%
      Was this review helpful? 1
      , kochi
      Reviewed on Jul 06, 2019
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been applied for PNB HOUSING FINANCE LIMITED a while back, but i closed this loan because i dont want this loan from them, they use to charged me high rate of interest as compare to the market price, so i requested to close my applications, their customer care where very supportive they have response me well.
      Was this review helpful? 1
      , pune
      Reviewed on Jul 04, 2019
    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have dropped the plan to take housing loan from PNB Housing because the interest rate is higher they told me 9.10% of floating interest. But other banks are providing lesser interest hence I suggest them to give competitive interest like HDFC bank which provided me interest rate up to 8.65 % which was nominal.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 03, 2019
    • Punjab National Bank Home Loan
      "Service should be improved"
      0.5 1.0/5 "Really Bad"
      When I raise the request for the PNB Home loan there was no response from the bank end, even no one have contacted me to collect the documentation, the follow up and response should be prompt. The interest was reasonable from their end but there was no response.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 03, 2019
    • Punjab National Bank Home Loan
      "Interest rate should be improved"
      0.5 3.0/5 "Satisfactory"
      I have dropped the plan to take housing loan from PNB Housing because the interest rate is higher they told me 9% of floating interest. But other banks are providing lesser interest hence I suggest them to give competitive interest like SBI and other nationalized bank.
      Was this review helpful? 2
      , chennai
      Reviewed on Jul 02, 2019
    • Punjab National Bank Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      The reason for getting the loan is for the because of tenuity is higher so i have taken. The documentation process was not done. I am unable to contacted the customer support also the loan got reject, the expeceted loan amount of 25-30L and the rate of interest no idea.
      Was this review helpful? 0
      , thane
      Reviewed on Jul 01, 2019
    • Punjab National Bank Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      There is no reason for applying the home home loan with this bank the documentation process was done through online it is hassle free to process. The loan got rejected because it is valid till 3 months. The expecting loan amount was 40L and the rate of interest was 9.1% where the duration is for 25 years to repay.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 01, 2019
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