A "low interest" loan shouldn't mean you have very little interest in paying it back!
A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 1 PNB Housing Finance
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.35% - 10.25% Fixed/Floating
    Up to 0.5% (min. ₹5,900) One time fee
    5L Min
    1-30 Years
    Response Time : Within 30 minutes
    Rs.10,000 Amazon Voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    PNB Housing Finance is Rated as "Great!" by 881 Users
    Home Loan BYTES FROM OUR KITCHEN

    PNB Housing Finance

    PNB HOUSING Home Loan Interest RatesUpdated on 18 Jan 2018

    PNB HOUSING Home Loan Interest Rates Details
    Interest Rate 8.35% to 10.25%
    Processing Fees Up to 0.5%, Minimum Rs. 5900
    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

    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 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.

    PNB Housing Finance Home Loan Reviews

    • Punjab National Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a housing loan from PNB housing finance and the loan experience was very good. The loan amount was for Rs 30 lakhs with the rate of interest of 8.5% which is nominal rate when compared to other sources. The process was delayed and it took 15-20 days to receive the loan amount. Customer service was good and they collected documents on time. The tenure of this loan is 20 years and it was overall a good service from PNB.
      Was this review helpful? 0
      , mohali
      Reviewed on Jan 12, 2018
    • Punjab National Bank Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      It was good experience with PNB Housing finance i would say as i applied for a Home loan in there . Actually i postponed the plan of buying a house now so i cancelled it . The Customer service was good from the PNB side . All the Information was given to me in a proper way .
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 27, 2017
    • Punjab National Bank Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with PNB Housing finance as i apploed for a Home loan . the bank people said that they can't provide the loan Due to rules they said i was not properly informed on that point . The customer service was good from the bank side . they informed me everything in a detailed way .
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 27, 2017
    • Punjab National Bank Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I was not getting 100% approval from the institution side they were only giving me 70% of approval so i canceled it form my end . They were only able to give a approval of 70 to 80% . So i cancelled as i wanted a full approval . Over all it was a good experience with PNB Bank for the Home loan process .
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 27, 2017
    • Punjab National Bank Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I would say it was a good experience over all with PNB Housing Finance . The bank executive they were not on time for picking up the documents , the bank process was bit of a delay one everything was going very slow . I told them to collect the documents from the home they did not collect that . They called me many time and tried contacting me . From the customer service side i would say it was a good one proper follow ups were done on time to time .
      Was this review helpful? 2
      , vijayawada
      Reviewed on Dec 22, 2017
    • Punjab National Bank Home Loan
      "Good One"
      0.5 4.5/5 "Excellent!"
      Actually i was looking for a loan transfer .The Customer service was good from the PNB HOUSING FINANCE . All the Information was given to me in a proper way .The rate of interest was also told . I canceled the application from my side . I got a better offer on the rate of interest in the same bank i was holding the loan with ,so i went on with that option . i can say it was a good experience with the PNB housing finance .
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 22, 2017
    • Punjab National Bank Home Loan
      "Worst Experience With PNBHFL"
      0.5 1.5/5 "Bad"
      PNBHFL Service is really bad... It has been more than a month since I have applied and proceeded with the process. Relationship manager wont at all provide response whenever I reached him and the executive as well....they collected all documents got the loan agreement signed but no response after that about loan disbursement/final sanction, now feeling myself suspended in the black space..don't know what's happening..
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 21, 2017
    • Punjab National Bank Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      It was a good experience over all with the PNB Bank .the customer service was good from the bank side for the Home loan process i applied for . The rate of interest was high as compared from the other bank . The bank was rigid on the rate of interest not flexible so i did not opt for the loan process . I will rate 3 for the rate of interest and rest everything was fine from their side .
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 20, 2017
    • Punjab National Bank Home Loan
      "SATISFACTORY service"
      0.5 3.0/5 "Satisfactory"
      it was a OK OK experience with PNB Housing Finance i had while my home loan process . I actually changed my plans of getting a home loan so i canceled the application from my side . The Customer service was good from the bank side . All the Information required for the loan was given to me in a proper time . Actually the Rate of interest a was a bit high that was also a reason you can say .
      Was this review helpful? 1
      , nagpur
      Reviewed on Dec 20, 2017
    • Punjab National Bank Home Loan
      "Good One"
      0.5 4.0/5 "Great!"
      it was a good experience with PNB Housing finance for the home loan application i applied for . Actually i canceled the application from my side as the Plan was postponed the plan of getting a house from my end . The Customer service was good from their end .
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 14, 2017
    • Punjab National Bank Home Loan
      "WONDERFUL SERVICE"
      0.5 5.0/5 "Blown Away!"
      As i applied for a home loan in PNB Housing finance it was a good experience with them . The Customer service was good from the bank side . The bank contacted me on time and was in touch till when i was replied back , and delivered all the Information which was required for the loan process . It was a good service i believe .
      Was this review helpful? 0
      , pondicherry
      Reviewed on Dec 14, 2017
    • Punjab National Bank Home Loan
      "Good One"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with PNB Bank side i had for the home loan process . I actually changed my plan and i kept it hold so did not opt for the loan . It was a good Customer service from the HDFC Bank side . All the required Information was given from the bank executive side . It was a happy experience over all .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 02, 2017
    • Punjab National Bank Home Loan
      "NOT HAPPY"
      0.5 1.5/5 "Bad"
      It was not that good experienced as i expected from the PNB Housing Finance . The AM who was dealing does not the call ethics. The rate of interest was was minimal as compared to other banks and also there was Processing fee charged .The customer service not that good as i thought .
      Was this review helpful? 0
      , alwar
      Reviewed on Dec 01, 2017
    • Punjab National Bank Home Loan
      "EXCELLENT SERVICE"
      0.5 5.0/5 "Blown Away!"
      It was a good customer service the PNB Housing finance provided for the home loan process . On the property i wanted to take the loan on , the bank was only providing 80% approval and they were not able to provide a top up loan on that loan , the rate of interest was good provided to me . I did not get a full approval so i did not opt for the loan . It was good experience with PNB Housing .
      Was this review helpful? 0
      , indore
      Reviewed on Dec 01, 2017
    • Punjab National Bank Home Loan
      "Not that good"
      0.5 3.0/5 "Satisfactory"
      The experience I had with PNB in regards to my Home Loan wasn't that great. Initially they said the Rate of Interest would be 8.35% but they later finalized my deal to 8.65%. The whole process for application was lengthy and required quite a lot of patience.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 29, 2017
    • Punjab National Bank Home Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken home loan from PNB Housing Finance, it was overall a good loan experience. The tenure of this loan is 24 years which is quite satisfactory. The loan amount was for 11.35 lakhs with the rate of interest of 8.5% which is nominal when compared to other sources. The process was very smooth and my loan was approved within 1 week. Customer service was good, they provided door step service for the collection of documents.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 29, 2017
    • Punjab National Bank Home Loan
      "High rate of interest"
      0.5 3.0/5 "Satisfactory"
      The rate of interest with the institution was high. PNB HOUSING FINANCE LIMITED offered me 10.37% rate of interest which i am not satisfied. So i changed the plan of taking a home loan with PNB. The executives gave me a follow up call until i changed the plan.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 29, 2017
    • Punjab National Bank Home Loan
      "Good One"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with PNB home loan. Actually everything was fixed but due to the some patta problem the bank was not able to give the loan . The Customer service was good from the bank side and actually it was helpful . All the information was given to me and regarding the loan process .
      Was this review helpful? 0
      , jaipur
      Reviewed on Nov 28, 2017
    • Punjab National Bank Home Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My home loan experience with PNB Housing Finance was good, the loan amount was sufficient and the rate of interest was nominal when compared to other sources. The process was very smooth and easy. Customer service was good and they responded on time. I am overall satisfied with the services provided.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 27, 2017
    • Punjab National Bank Home Loan
      "Change of plan"
      0.5 4.0/5 "Great!"
      Due to the change of plan i have not gone with PNB HOUSING FINANCE LIMITED for the home loan. The executive gave me god response and can be considerable in future for home loan. Other than that i dont have any other issue with PNB HOUSING FINANCE LIMITED.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Nov 24, 2017
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