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

    Custom quote

  • Punjab National Bank Home Loan

    Loading your search...
  • Punjab National Bank offers a variety of home loan schemes at competitive rates starting from 8.50% p.a.with a maximum loan of Rs.1 crore. You have the flexibility to extend the repayment tenure to 30 years (maximum). The processing fee applicable is 0.35% of the loan amount plus GST. EWS, LIG, and MIG applicants can enjoy subsidised rates under the PMAY scheme through PNB.


    Punjab National Bank, one of the public sector banks in the country offers a variety of home loans. Some of the housing loans offered are – PNB Max Saver, PNB Gen-Next Housing Finance, PNB Pride Housing loan. The bank offers home loan in excess of Rs.75 lakh at attractive interest rates.

    1. Housing loan for Public/Gen-Next Housing loan
      • There is no cap on the maximum loan amount that can be availed, subject to maintenance of the prescribed Loan to Value (LTV) ratio
      • The repayment period for the loan is 30 years
      • Can be availed by IT professionals, PSBs/PSUs/Government employees

      Compare: Home Loan Interest Rate all Banks

      Processing fee: 0.35% of the loan amount (Min of Rs.2,500 and Max of Rs.15,000)

    2. PNB Max Saver
      • Allow beneficiaries to deposit their surplus funds in the overdraft account
      • A minimum of Rs.10 lakh can be availed as loan
      • The present outstanding of the loan amount is taken into consideration for conversion of the loan under this variant
      • Interest Rate: 8.65% p.a.
    3. PNB Pride Housing Loan
      • Can be availed at attractive rates.
      • The loan can be repaid over 30 years inclusive of the moratorium period.
      • A maximum of Rs.50 lakh.
      • Processing fee:0.35% of the loan amount
      • Interest rate starting at 8.50% p.a. to 10.10 p.a.
    4. Home Loan (CRE Category
      • The interest rate offered ranges between 9.00% p.a. and 10.60% p.a.

    PNB Home loan EMI Calculator to know your EMI

    Planning to avail a home loan from Punjab National Bank? Consider using the Home Loan EMI Calculator provided by BankBazaar to ascertain the EMIs that would be needed to be paid. All you need to do in order to find the payable EMI is enter details like the loan amount, tenure, interest rate, processing fee, etc. and click the ‘Calculate’ button.

    The website also allows you to see the amortisation table. The table helps you understand the repayment schedule as to how much of the EMI is posted towards the principal and interest on a monthly and yearly basis.

    Punjab National Bank Home Loan Eligibility Criteria

    • Can be availed by both individuals and joint owners
    • Must be above 18 years of age
    • Should not be older than 70 years at the time of loan maturity
    • Should have a regular source of income

    Documents required for PNB Home Loan

    The documents listed below are needed to be submitted to the bank officials in order to avail a housing loan from Punjab National Bank:

    • Duly completed loan application form
    • Photograph
    • Proof of Identity
    • Proof of Residence
    • Proof of Age
    • Proof of educational qualification
    • Proof of Income
    • Property documents
    • Bank Statement for the last six months
    • Income proof of joint borrowers/spouse/earning children (if applicable)
    • (Income Tax Returns)ITR for the last 3 years
    • Assessment order and computation of income statement
    • For Salaried Class
      1. Income Tax Return/Salary certificate indicating gross and net salary issued by the employer
      2. Bank statement of salary account for the previous 6 months
    • For Agriculturist: Record of cropping pattern and land holding or any other proof of income

    Note: The bank officials may ask for additional documents as per the requirement of the case. So, cross verify with the bank officials regarding the documents which need to be submitted.

    Punjab National Bank (PNB) Pradhan Mantri Awas Yojana

    The bank for the purpose of purchase, construction, and expansion of a house offers housing loan to individuals from the Economically Weaker Section (EWS), Low Income Group (LIG), and Middle-Income Group. The loan is provided through the Credit-Linked Subsidy Scheme (CLSS) under the Pradhan Mantri Awas Yojana (PMAY) scheme. The interest subsidy is available at rates which range from up to 6.5% p.a. depending on the category under which the beneficiary falls.

    The table listed below highlights the category, annual household income, and interest subsidy available under CLSS

    Category Annual Household Income Interest Subsidy
    Economically Weaker Section (EWS) Up to Rs.3 lakh 6.50%
    Low Income Group (LIG) Rs.3 lakh to Rs.6 lakh 6.50%
    Middle Income Group - I Rs.6 lakh to Rs.12 lakh 4%
    Middle Income Group - II Rs.12 lakh to Rs.18 lakh 3%

    FAQs on Punjab National Bank Home Loan

    1. At what discounted rate is the net present value of the interest subsidy calculated under PMAY?

      The net present value of the interest subsidy is calculated at the discounted rate of 9%.

    2. What is the maximum loan tenure for which subsidy is available under PMAY scheme?

      The maximum loan tenure for which subsidy is available under PMAY scheme is 20 years.

    3. For what purposes can I avail a home loan from Punjab National Bank?

      The purpose for which housing loan can be availed from Punjab National Bank are as follows:

        Construction of house or flat, Purchase of built house or flat, Expansion of house/flat, Purchase of land or plot, and To meet cost escalation in cases of under-construction flats.


    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.

    This Page is BLOCKED as it is using Iframes.