

(You can save searches, track your apps & save plenty of time!)
Fees & Charges
Promised Interest Rate
Customer Service
Responsiveness
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.
Interest Rate | 8.40% to 10.20% |
Processing Fees | Up to 0.50%, Minimum Rs. 10000 + GST |
Loan Tenure | 1 year to 30 years |
Guarantor requirement | No guarantor required |
Partial PrePayment Charges | Nil |
Pre Closure Charges | Nil |
Home Loan By Top Banks
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.
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.
Owning a house is a smart investment and comes with great tax benefits. Explore Home Loans
The salient features of a PNB Housing Home Loan are listed herein,
The eligibility criteria set for the acquisition of a home loan from PNB Housing Finance Limited are as follows,
The following documents must be submitted at the initiation of the loan acquisition process:
Tired of paying rent? Maybe it’s time you got your own abode. Explore Home Loans
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.
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:
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.
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.
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%.
Applying for a home loan on BankBazaar offers the following unbeatable advantages:
GST Rate of 18% Applicable for All Financial Services Effective July 1, 2017.
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.
The shares of PNB housing finance went up by 4% recently. The shares of PNB housing finance traded at Rs.1,128 on BSE. It was up by 2.19%. Sunil Mehta, PNB Chief stated that the bank might monetise the non-core assets in bid for strengthening the capital position of the lender. PNB has a stake of 33% in PNB housing finance.
27 March 2018
PNB Housing Finance Corporation is planning to raise $400 million - roughly Rs.2,500 crore with the help of masala bonds to fund its affordable housing plans.
Masala bonds are financial instruments with which Indian entities can access foreign markets to raise funds. The bonds are issued in Indian Rupees and therefore, the investor is subjected to the currency risk.
$150 million of this $400 million will be provided International Finance Corporation - World Bank’s private investment arm. The rest of the funds will be generated from overseas investors.
5 March 2018
On Tuesday, December 26, 2017, the 10-year bond recorded a rise close to 7.3 percent. This led to Sanjaya Gupta, the MD of PNB Housing Finance analyse the impact of this spike on the cost of borrowing.
He said that there will be an increase in the cost of borrowing, albeit it will be slow and not instantly. This rise may be by 12-15 base points, for the FY18. Additionally, it is worth mentioning that roughly 82 percent of the company’s loan portfolio is governed by the variable interest rate.
16 January 2018
PNB Housing Finance Limited’s share price has recently been corrected by approximately 17% from a 52 week high. In the year 2011, the management was changed and PNB Housing Finance Limited went through an inspiring turnaround. During Financial Year 2012-2017, the loan CAGR stood at 60%.
This turnaround was driven by expansion in some new territories, market penetration, etc. The market share of PNB Housing Finance went up to more than 2% from approximately 0.5%. This growth made it the fifth largest HFC or housing finance company in this country. PNB Housing Finance mostly caters to the upper middle class and middle class segments.
7 December 2017
Punjab National Bank has reported a 51% hike in their year-to-year increase in their quarterly net profit. It is believed that this increase was mainly due to increase in home loans. PNB stated that they have recorded a profit of Rs.208 crore which was Rs.138 crore last year. It is notable that the bank paid a dividend at Rs.6 per share. The bank also recorded an increase in loan assets to Rs.48,749 crore.
PNB Housing Finance has recorded a excellent performance in this quarter. It is notable that they even set up 24 new branches in the last 12 months. Though, PNB started these new branches, they still could record profit because they were able to maintain a tight leash on their costs. So, experts in the industry believe that the future is bright for PNB and they will maintain this growth momentum.
6 November 2017
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.
19 August 2016
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Thank you for your vote
Gain an edge by connecting with us via email. We promise never to spam you.
Request received - loud & clear!
Returning you to where you were...
Psst... We'll ensure you're the very first to know the moment rates change.
We'll email you immediately! You snooze, you lose.