A "low interest" loan shouldn't mean you have very little interest in paying it back!

    Punjab National Bank Home Loan Reviews

    Common Loader Icon

    Punjab National Bank Home Loan is Rated as "Pretty good" by 52 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service



    In every life, dreams and aspirations are the fuel that power innovation and progress. When it comes to life goals, and irrespective of where you are from, owning a house is definitely at the top of the list. In India, the Punjab National Bank (PNB) home loan has helped thousands of people crunch this crucial goal. And, with the ease and features afforded by the PNB home loan, its popularity and impact has multiplied over the years. A nationalized bank with a popular and customer friendly home loan product, what’s not to like?


    You’re probably eligible for an Punjab National Bank Home Loan if you are

    PNB Home Loan Minimum Age

    At least 18 years old

    PNB Home Loan Maximum Age

    Less than 70 years old

    PNB Home Loan Eligible Employment Type

    Salaried or self-employed
    with regular income

    PNB Home Loan Minimum Income

    Earn more than the minimum
    income required


    Your Punjab National Bank Home Loan amount eligibility is based on these factors

    PNB Home Loan Minimum Salary

    Earn more than the minimum
    income required

    PNB Home Loan Maximum Loan to property value

    Loan capped @ 90% of property value

    PNB Home Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Punjab National Bank Home Loan amount by these steps

    PNB Home Loan Add Spouse as Co-applicant

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

    PNB Home Loan Maximum Tenure

    Choose longer tenure loan up to 30 years or 70 years of age whichever is earlier

    PNB Home Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an Punjab National Bank 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


    Punjab National Bank Home Loan Interest RatesUpdated on 29 May 2016

    Punjab National Bank Home Loan Details
    Interest Rate 9.45%
    Processing Fees Upto Rs 300 lacs-0.50% , Max Rs.20000/- exclusive of service tax
    Above Rs 300 lacs - Rs 50000/- exclusive of service tax
    Loan Tenure 30 years or 70 years of age whichever is earlier
    Pre Closure Charges Nil

    Home Loans from PNB

    A Home loan, as the name suggests, is funds offered by a bank to help an individual purchase a new house/flat/apartment, an old property, land for the construction of the house or renovation of the existing house/property. With PNB home loan, acquire a resource that is immensely customer centric, involving a transparent and quick processing cycle, the goodwill that is associated with a renowned banking organization and importantly, the PNB home loan interest rate that is one of the most attractive in its class.

    Punjab National Bank, or PNB as it is popularly known, boasts of 120 years of fruitful experience and an enviable 6081 branches across the country, including 5 overseas branches. The bank counts ‘PNB Flexible Housing Loan’ as an important product in its arsenal. The bank ‘banks’ on its traditional image, strong banking fundamentals, nationwide presence and immaculate brand image to woo its target customers. And, considering the impressive returns that the bank is registering year-on-year, the plan is working!

    Features of Punjab National Bank Home Loan

    The following features are the highlights of the PNB Home Loan:

    1. This loan can be used for the construction of a new house/flat/apartment, purchase of an existing house, land for construction of the house, repairs and renovation of existing building and furnishing.
    2. Choose between floating and fixed interest rates.
    3. Repayment tenure ranges up to 30 years (Also, EMI of just Rs.896/lakh- Conditions Apply).
    4. Fast, transparent process with zero hidden charges.
    5. Enjoy flexible or graduated repayment option.
    6. Shift your existing home loan from another insurer to PNB and enjoy lower EMI.
    7. Loan amounts are disbursed as per the following structure-
      1. For purchase/construction/additions to house- Depends on requirement.
      2. For home renovations/repairs- Rs. 25 lakhs (max)
      3. For furnishing the house- Rs. 5 lakhs (max)
      4. For purchasing a new plot of land- Rs. 50 lakhs (max)
    PNB Home Loan Eligibility and Documentation:

    The eligibility criteria set for the acquisition of a home loan from PNB are as simple and customer centric as possible, amounting to the following-

    1. This loan can be applied for by both individuals as well as joint owners.
    2. The applicant(s) must not be younger than 18 years and older than 70 years at loan maturity.
    3. The applicant(s) must have an established, regular source of income. In case of co-applicants like spouse, children and/or parents, their individual income can also be added.
    4. For flexible home loan- Applicant must be an existing home loan borrower, not older than 50 years and must have availed the existing home loan as per PNB’s Housing Loan scheme for the public.

    Next, when applying for the home loan, the following documents must be kept ready for verification-

    • Completed application form with photographs.
    • Proof of Identity- Passport, PAN Card, Driving Licence, etc.
    • Proof of Residence- Passport, Driving License, Telephone Bill, Ration Card, Voter’s ID, etc.
    • Proof of Age- Passport, PAN Card, Driving Licence, SSLC marks card, Voter’s ID, etc.
    • Educational Qualifications- Documents in this regard, latest degree.
    • Income Proof- Salary slips from the last 3 months, Form 16 for the last 2 years, Last 6 month’s bank statement detailing the salary account. For Self Employed- Last 3 years Income Tax returns (self and business) with Profit & Loss Account & Balance Sheets duly audited by a Chartered Accountant, Last 12 month’s bank account statement detailing for self and business.
    • Copies of title documents of the property and the approved plan.
    New PNB Home Loan Interest Rate:

    Currently, PNB Home Loan is one of the popular home loan products available in the Indian market. One of the fundamental reasons for its enduring popularity is the PNB home loan interest rate that is comparable to some of the most competitive available options. You can avail this loan at the interest rate of 9.60% (floating) and 10.10% (fixed) over a maximum repayment tenure of 30 years.

    reTH65gcmBgCJ7k - pingdom check string.
    reTH65gcmBgCJ7k - pingdom check string.
    This Page is BLOCKED as it is using Iframes.