A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    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. ₹5900) 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. ₹5900) 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. ₹5900) 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. ₹5900) 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. ₹5900) 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 643 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 24 Sep 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

       
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  • PNB Housing Finance Home Loan Reviews

    • Punjab National Bank Home Loan
      "Be consistent in the details"
      0.5 1.0/5 "Really Bad"
      PNB housing finance was not a good one for me, though they were okay in the process. They have charged me 100% of the processing fees when I was supposed t be charged only 50%. I had to pay more than 11k. They need to be consistent in the whole process.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 23, 2017
    • Punjab National Bank Home Loan
      "Overall good"
      0.5 4.5/5 "Excellent!"
      PNB housing finance was very much cooperative and they collected my documents and processed my papers. The disbursement also happened as earlier as possible. The interest rate and processing charges is normal and the overall experience is perfect.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 23, 2017
    • Punjab National Bank Home Loan
      "EXCELLENT SERVICE"
      0.5 5.0/5 "Blown Away!"
      It was an very good service from PNB ,during my loan process the representatives of PNB was very helpful and very responsible representatives . But I was little busy with my personal issue ,even with a interest rate it was fine so I can say overall it was a excellent service.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 23, 2017
    • Punjab National Bank Home Loan
      "EXCELLENT SERVICE"
      0.5 5.0/5 "Blown Away!"
      The loan amount which PNB housing finance offered me was not sufficient. So I cancelled my plans in taking the home loan. Else the customer services and response was good. They contacted me and informed me the details. I was fine with the interest rate and charges. Overall I can say it was excellent service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 23, 2017
    • Punjab National Bank Home Loan
      "AVERAGE SERVICE"
      0.5 2.0/5 "Expected more"
      I had some personal issues for cancelling my loan process ,interest rate was also very high than the market value. Customer service and representatives where very helpful during the process so overall I can say it was an average service from PNB .
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 23, 2017
    • Punjab National Bank Home Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      I can the service was very good from PNB ,representatives where also very good and helpful during the loan process . But I had some personal issues so that was the main reason for postponing my loan process .
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 22, 2017
    • Punjab National Bank Home Loan
      "Overall good"
      0.5 4.5/5 "Excellent!"
      PNB housing finance was overall good in the process for the home loan. The customer support was good, they contacted me on time and informed me the necessary details about the documentation. After which the process was quick and I got the disbursement as well as expected. The interest rate and charges were normal. It was around 8%.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Sep 22, 2017
    • Punjab National Bank Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      Kind of good experience i had with the PNB HOUSING FINANCE LIMITED was good . the service that they provided me with was good to . the customer representative contacted me in the correct time and delivered the information to me . i applied in SBI because they were giving me a good rate of interest and also the with a minimal fees and charges so i went through SBI .
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 21, 2017
    • Punjab National Bank Home Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      PNB housing finance was very nice and hassle free. The documents was collected on time and I got the home loan sanction in one week and the disbursal was delayed because of my personal work. I kept it on hold for sometime. The interest rate was of 8.5% which is fixed for the first year and after which it is floating. The processing charges was very high. It was of 11500. They need to lower the or have a zero fee like the other banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 21, 2017
    • Punjab National Bank Home Loan
      "Fulfilled my dream with PNB"
      0.5 2.5/5 "Just OK"
      PNB HOUSING FINANCE gave colors to my dream. This was my first approach for a home loan and i got the approval. Though the process taken took almost 40 days the final result made me happy. The disbursed loan amount is 13 lakhs with 8.50% rate of interest.The monthly EMI is 13400 for 15 year with a processing fees of 8500.
      Was this review helpful? 0
      , jalandhar
      Reviewed on Sep 21, 2017
    • Punjab National Bank Home Loan
      "Good response"
      0.5 4.0/5 "Great!"
      I took the home loan at 2010 from PNB Housing, at the time their rates was nominal. I took the amount of Rs. 12 lakhs for the tenure of 20 years. PNB Housing gave floating rate recently also they have reversed my interest rate as per the government norms.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 21, 2017
    • Punjab National Bank Home Loan
      "AVERAGE"
      0.5 2.0/5 "Expected more"
      I was not at all happy with the experience and the services i had with the PNB HOUSING FINANCE LIMITED .As i applied for the home loan in the PNB finance documentation process was not in clear way,also it was not really endure and the rate of interest was high for that is the reason i did not go a head with them.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 21, 2017
    • Punjab National Bank Home Loan
      "Good one"
      0.5 4.0/5 "Great!"
      IT was a good experience i had with the PNB HOUSING FINANCE LIMITED for my home loan process .That PNB housing finance was good with the customer service end and everything information was delivered to me in a proper way . the PNB housing finance was giving me a rate of interest of 8.65% and also the processing fee was quite a high then the other bank . after that i changed my plan so didn't opt for the loan .
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 21, 2017
    • Punjab National Bank Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am really happy with the experience i had with PNB HOUSING FINANCE LIMITED while my loan process . the reaching out to the customer from the PNB housing finance side was done in proper appropriate and a descent manner . the PNB executive call me and delivered full information about the loan . they were providing me rate of interest of 8.50% and also lesser processing fee . there is some legal issue going on with the property so i postponed the plan for few month .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 21, 2017
    • Punjab National Bank Home Loan
      "Hassle Free experience"
      0.5 4.0/5 "Great!"
      I don't want to do anything on PNB home loan process, they have taken complete initiative. Whatever query I had everything got resolved, my end loan process got delay to get the document from builder. But they have done everything on time and with good interest rate.
      Was this review helpful? 0
      , dehradun
      Reviewed on Sep 20, 2017
    • Punjab National Bank Home Loan
      "Should be transparent in their loan process"
      0.5 4.0/5 "Great!"
      PNB housing loan service is good, but they have told me insurance amount was Rs. 1 lakh, when I got loan letter they have taken Rs.2 lakhs from the disbursement. Loan process was quick but they were not transparent in their process. They should communicate the process to the customer.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 20, 2017
    • Punjab National Bank Home Loan
      "User friendly"
      0.5 4.0/5 "Great!"
      Basically I got good response from PNB Housing and within couple of days I got the disbursement amount with 8.5% of interest for the loan amount of Rs. 44 lakhs, I purchased the apartment, based on the construction they have disbursement the amount.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 20, 2017
    • Punjab National Bank Home Loan
      "Interest rate should be nominal as per the market"
      0.5 4.0/5 "Great!"
      I got good response from PNB housing, but they offered me 8.50% of interest it was high as per the market, because other are offering around 8.35% . It would be great if they reduced the interest rate. However I am very fine with PNB housing Loan procedure
      Was this review helpful? 0
      , noida
      Reviewed on Sep 20, 2017
    • Punjab National Bank Home Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      A very good experience with PNB housing finance for the home loan and the customer services are good. They done a great job and the process is excellent. The document collected was also as promised. The interest rate and processing charges are normal and the after loan services are perfect.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 20, 2017
    • Punjab National Bank Home Loan
      "Good Experience"
      0.5 4.5/5 "Excellent!"
      PNB housing executive are cooperative they guided me on home loan process, they are very fast. Person from PNB housing came and collected the documents done the process. PNB interest rate is fine also, entirely I am very fine with their application procedure
      Was this review helpful? 0
      , indore
      Reviewed on Sep 20, 2017
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