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 515 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    The PNB Housing Finance Limited (PNB HOUSING) started its operations on November 11, 1988. A registered member of the National Housing Bank (NHB), PNB Housing is promoted by Punjab National Bank (PNB), allowing the latter, two decades worth of solid credibility when it comes to home loans in India. The Company came out with a public issue of equity shares in November 2016. Its equity shares are listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with effect from 7th November 2016. The Company does not have a subsidiary.

    Spread across India, PNB Housing is dedicated to disbursing housing loans to individuals and corporates alike, and back its enviable reputation with some solid customer support and precise legwork.


     

    You’re probably eligible for an PNBHFL Home Loan if you are

    01
    02
    03
    04
    PNBHFL Home Loan Minimum Age

    At least 23 years old

    PNBHFL Home Loan Maximum Age

    Less than 70 years old

    PNBHFL Home Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    PNBHFL Home Loan Minimum Income

    Earn more than the minimum
    income required


     

    Your PNBHFL Home Loan amount eligibility is based on these factors

    01
    02
    03
    PNBHFL Home Loan Minimum Salary

    Earn more than the minimum
    income required

    PNBHFL Home Loan Maximum Loan to property value

    Loan capped @ 80% of property value

    PNBHFL Home Loan EMI

    EMIs of other loans lower
    your eligibility


     

    Increase your eligible PNBHFL Home Loan amount by these steps

    01
    02
    03
    PNBHFL Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    PNBHFL Home Loan Maximum Tenure

    Choose longer tenure loan up to 30 years

    PNBHFL Home Loan Add parents as Co-applicant

    Alternatively add your parents


     

    Documentation needed to apply for an PNBHFL Home Loan

    • 1. Signed application form with photograph
    • 2. ID and residence proof
    • 3. Processing fee Cheque
    • 4. Latest bank statements
    • 5. Documentation for salaried applicants:
      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
    • 6. Documentation for self-employed applicants:
      • latest income tax returns
      • latest comupation of income

     

    PNB HOUSING Home Loan Interest RatesUpdated on 24 Jul 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

    Humankind pays rich respects to the concept of choice. Unlike the finality of a single solution, choices offer variety and a more refined, personalised solution. In this vein, the various home loans offered by PNB Housing Finance Limited allow a prospective borrower 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.

    Home Loan Offers

    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.

    PNB HOUSING Home Loan Eligibility and Documentation:

    The eligibility criteria set for the acquisition of a home loan from PNB HOUSING are as follows,

    1. The applicant must be an Indian citizen or a fully documented NRI. Essentially, a Person of Indian Origin (PIO).
    2. The applicant’s age must not exceed 70 years at the time of loan maturity.
    3. 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.

    Next, 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 Home 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.

    Features of PNB Housing Finance 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.
    • 7. Easy repayment options.

    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 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.

    The home loan offering from PNB HOUSING 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.

    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
      "Looking for better interest rate"
      0.5 4.0/5 "Great!"
      I have taken home loan from PNB Housing before five years, the experience was good. The process was quick and being housing loan they were processing the request pretty well. I felt interest rate was not competitive it would be flexible and it should be as per the market rate, I took the loan of Rs.34 lakhs, PNB housing had taken a processing fee of 1% from the disbursement.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 13, 2017
    • Punjab National Bank Home Loan
      "Response is good."
      0.5 5.0/5 "Blown Away!"
      PNB housing finance limited contacted me several time for the home loan. The experience was good and supportive. I did not go ahead because I was waiting for another year for ITR. So I postponed my plans. The interest rate and processing charges were very much normal.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 07, 2017
    • Punjab National Bank Home Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I was contacted by PNB Housing finance and I was informed the details for the home loan. They came over and did not check the documents and after which I was told that the loan could not be processed. Guess each bank has its own process. The interest rate and charges is average.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 07, 2017
    • Punjab National Bank Home Loan
      "They need to improve on customer interaction"
      0.5 3.0/5 "Satisfactory"
      I have purchased an apartment from the builder, I processed the loan with PNB housing. My loan amount is Rs. 40 lakhs its a 80% value on the property. When I took the loan it was under construction now my property it been occupy. They gave me least interest rate is in market. But customer service is bad, when I asked them to reverse the rate of interest , three different people called and shared the interest rate but it was not clear, Finally I went to bank and got the reversed rate.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 06, 2017
    • Punjab National Bank Home Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      PNB Housing finance has been up to the mark in the response. They contacted me on time and informed me the details. Since I simultaneously applied with another bank and that offer came through. I went ahead with the other bank. The interest rate and processing charges is at par with the market.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 06, 2017
    • Punjab National Bank Home Loan
      "Its Excellent"
      0.5 4.0/5 "Great!"
      I got loan from India bulls, I was in hurry to avail home loan. Before approaching PNB Housing, I already applied home in loan India bulls. But I am not sure at the time, which institute offered the loan. Finally India bulls done the process even PNB housing is also good they gave me good service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 06, 2017
    • Punjab National Bank Home Loan
      "Looking for a better feature"
      0.5 3.0/5 "Satisfactory"
      PNB Housing about to call me but they didn't call me on time. The person who is a local agent they didn't follow me up properly on the home loan process. I almost waited for three days there was no response, finally I took loan from other financial institute. Even PNB Housing loan interest was also high.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 06, 2017
    • Punjab National Bank Home Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      The experience with PNB housing finance for the home loan was not good as they have given very high rate of interest.8.65% and the loan amount I tried to opt is 35 lakhs and the response from the bank was ok.
      Was this review helpful? 1
      , jaipur
      Reviewed on Jul 03, 2017
    • Punjab National Bank Home Loan
      "Good going"
      0.5 4.0/5 "Great!"
      I did not availed the home loan with the PNB housing finance limited because I have arranged the finance from the other sources. I have not found any issues with them till now and the rate of interest rate was not aware by my end but their services are really good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 22, 2017
    • Punjab National Bank Home Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      I had chosen the other banker, they went ahead for the home loan because of some other reason. Rate of interest was around 8.35% with the PNB housing finance limited. Customer service is a great one with them and the response is also really fine. I don't have any specific negative reason for not choosing PNB housing finance limited.
      Was this review helpful? 1
      , nagpur
      Reviewed on Jun 22, 2017
    • Punjab National Bank Home Loan
      "Excellent and very quick NRI Home Loan Service"
      0.5 5.0/5 "Blown Away!"
      Completely thrilled by the quick service and transparency of PNB HFL. For a property in Bangalore, loan amount (>1cr) was disbursed in 21 days! Thanks to Mr. Sachin Kumar, Mr. Moorthi and Mr. Girish Shetty for their very efficient services
      Was this review helpful? 3
      , bangalore
      Reviewed on Jun 22, 2017
    • Punjab National Bank Home Loan
      "Response is good"
      0.5 4.0/5 "Great!"
      PNB housing finance has been proper in the response after I had applied for a home loan. They contacted me on and checked about my requirement. I was buying a apartment and the owner of that property had a deal with another institution, so I went ahead with that.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 16, 2017
    • Punjab National Bank Home Loan
      "Need improvement in services"
      0.5 2.0/5 "Expected more"
      Though, I explained my requirement in detail, even the executive of PNB housing finance also explained the details of all the documents which was required by them . After that he did not come back to collect the papers and I waited there for one and half week. As it was a matter of an emergency , I took home loan from another bank.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 16, 2017
    • Punjab National Bank Home Loan
      "Not up to the mark"
      0.5 2.5/5 "Just OK"
      After me applying for a home loan with PNB housing finance, I inquired with my friend who already has a home loan with them. I was told that when ever there is a drop in the rate of interest the bank does not do it and the customer would have to visit the bank for the same. So I decided not to take the loan and cancelled my details.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jun 15, 2017
    • Punjab National Bank Home Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I received a quick response from PNB housing finance for the home loan. But, I still could not go ahead because I got a option directly with another provider and I got my paper work done face to face and the PNB options was through an online channel. The interest rate and charges was reasonable too.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 15, 2017
    • Punjab National Bank Home Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      PNB housing finance has followed up much for the home loan I had applied for, just that I could not respond back properly due to my personal reasons. There were couple of calls in between and the interest rate was around 8.5% and the processing charges was normal too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 15, 2017
    • Punjab National Bank Home Loan
      "Good in response and high on ROI"
      0.5 4.0/5 "Great!"
      The services at PNB housing finance has been good as they contacted me on time for the home loan. The rate of interest was high, and so was the processing charges. I got a rate of 8.5% and the processing charges was way high when compared to other banks. So I cancelled my application.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 15, 2017
    • Punjab National Bank Home Loan
      "Need to be more responsive"
      0.5 1.0/5 "Really Bad"
      I was told that PNB housing finance would contact me back within 24 hours after I had applied for a home loan. Finally I received a call only after four days. So I went ahead with another option and got my loan through. The rate of interest and charges was at par with other banks.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 15, 2017
    • Punjab National Bank Home Loan
      "Good. Can be better"
      0.5 4.0/5 "Great!"
      I did not go ahead with PNB housing finance for the home loan is because when they contacted me I told them I am not at Bangalore and I am at Mysore. The local branch at Mysore took two to three weeks to contact me and in the mean time I decided not to go ahead with the same institution.
      Was this review helpful? 0
      , mysore
      Reviewed on Jun 14, 2017
    • Punjab National Bank Home Loan
      "Quick and fast process"
      0.5 4.5/5 "Excellent!"
      I don't had an idea to go with PNB housing finance limited for my home loan, but after going there I got to know the the process was very smooth with PNB, the processing time line which was taken y PNB was very less they were very quick and fast. The rate of interest is nominal with PNB finance limited. Within 20 days of time, I got the home loan from PNB. The customer support and the response part is good with PNB. I am very much happy about the loan amount and I am very much satisfied with their service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 14, 2017
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