PNB Housing Finance Limited (PNBHFL) provides home loans starting from 8.50% per annum for tenures up to 30 years, with loan amounts of up to 90% of the property’s value. Additionally, PNB Housing Finance offers Roshni Home Loans, special affordable housing loan schemes for low-income applicants with sufficient repayment capacity for home loans, even without formal income proofs.
PNB Housing Finance Home Loan Highlights |
|
|---|---|
| Interest Rate | 8.50% – 14.50% p.a. |
| Loan Amount | Rs 8 lakh onwards |
| Loan Tenure | Up to 30 years |
| LTV Ratio | Up to 90% of property value |
| Processing Charges | Up to 1% of loan amount + GST |
| Minimum Monthly Income | Rs 15,000 |
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
|---|---|---|---|---|
| SBI Bank | 8.40% - 10.15% p.a. | 8.40% - 10.05% p.a. | 8.40% - 10.05% p.a. | Apply Now |
| HDFC Bank Limited | 8.40% p.a. onwards | 8.40% p.a. onwards | 8.40% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.60% p.a. onwards | 8.60% p.a. onwards | 8.60% p.a. onwards | Apply Now |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.35% - 10.35% p.a. | 8.35% - 10.55% p.a. | 8.35% - 10.75% p.a. | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50% - 11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards | Apply Now |
| Axis Bank | 8.70% - 13.30% p.a | 8.70% - 13.30% p.a | 8.70% - 9.10% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
Also read: Best Home Loan in India
PNB Housing Loan interest rates begin from 8.50% per annum onwards, depending on factors such as the loan amount, credit score, employment type, and the type of home loan scheme offered to its applicants.
PNB Housing Home Loan
For Loan Amount up to 35 lakh
| Credit Score | Interest Rates (p.a.) | |
|---|---|---|
| Salaried / Self – employed professional (SEP) | Self – employed non – professional (SENP) | |
| >=825 | 8.50% - 9.00% | 8.80% - 9.30% |
| >800-825 | 8.50% - 9.00% | 8.90% - 9.40% |
| >775 to 799 | 9.10% - 9.60% | 9.65% - 10.15% |
| >750 to <=775 | 9.25% - 9.75% | 9.80% - 10.30% |
| > 725 to <=750 | 9.55% - 10.05% | 10.25% - 10.75% |
| > 700 to <= 725 | 9.85% - 10.35% | 10.55% - 11.05% |
| > 650 to <= 700 | 10.25% - 10.75% | 10.75% - 11.25% |
| Upto 650 | 10.25% - 10.75% | 10.75% - 11.25% |
| NTC** Cibil >170 | 10.25% - 10.75% | 10.65% - 11.15% |
| NTC** Cibil <=170 | 10.15% - 10.65% | 10.55% - 11.05% |
For Loan Amount above 35 lakh
| Credit Score | Interest Rates (p.a.) | |
|---|---|---|
| Salaried / Self – employed professional (SEP) | Self – employed non – professional (SENP) | |
| >=825 | 8.50% - 9.00% | 8.80% - 9.30% |
| >800-825 | 8.50% - 9.00% | 8.90% - 9.40% |
| >775 to 799 | 9.20% - 9.70% | 9.80% - 10.30% |
| >750 to <=775 | 9.35% - 9.85% | 10.15% - 10.65% |
| > 725 to <=750 | 9.70% - 10.20% | 10.30% - 10.80% |
| > 700 to <= 725 | 10.05% - 10.55% | 10.75% - 11.25% |
| > 650 to <= 700 | 10.45% - 10.95% | 10.95% - 11.45% |
| Upto 650 | 10.45% - 10.95% | 10.95% - 11.45% |
| NTC** Cibil >170 | 10.45% - 10.95% | 10.85% - 11.35% |
| NTC** Cibil <=170 | 10.35% - 10.85% | 10.75% - 11.25% |
PNB Housing Plot Loan
For Loan Amount up to Rs 35 lakh
| Credit Score | Interest Rates (p.a.) | |
|---|---|---|
| Salaried/Self-employed Professionals | Self-employed Non-Professionals | |
| >=825 | 9.50% - 10.00% | 9.80% - 10.30% |
| >800-825 | 9.50% - 10.00% | 9.90% - 10.40% |
| >775 to 799 | 10.10% - 10.60% | 10.65% - 11.15% |
| >750 to <=775 | 10.25% - 10.75% | 10.80% - 11.30% |
| > 725 to <=750 | 10.55% - 11.05% | 11.25% - 11.75% |
| > 700 to <= 725 | 10.85% - 11.35% | 11.55% - 12.05% |
| > 650 to <= 700 | 11.25% - 11.75% | 11.75% - 12.25% |
| Upto 650 | 11.25% - 11.75% | 11.75% - 12.25% |
| NTC** Cibil >170 | 11.25% - 11.75% | 11.65% - 12.15% |
| NTC** Cibil <=170 | 11.15% - 11.65% | 11.55% - 12.05% |
For Loan Amount above Rs 35 lakh
| Credit Score | Interest Rates (p.a.) | |
|---|---|---|
| Salaried/Self-employed Professionals | Self-employed Non-Professionals | |
| >=825 | 9.50% - 10.00% | 9.80% - 10.30% |
| >800-825 | 9.50% - 10.00% | 9.80% - 10.30% |
| >775 to 799 | 10.20% - 10.70% | 10.80% to 11.30% |
| >750 to <=775 | 10.35% to 10.85% | 11.15% to 11.65% |
| > 725 to <=750 | 10.70% to 11.20% | 11.30% to 11.80% |
| > 700 to <= 725 | 11.05% to 11.55% | 11.75% to 12.25% |
| > 650 to <= 700 | 11.45% to 11.95% | 11.95% to 12.45% |
| Upto 650 | 11.45% to 11.95% | 11.95% to 12.45% |
| NTC** Cibil >170 | 11.45% to 11.95% | 11.85% to 12.35% |
| NTC** Cibil <=170 | 11.35% to 11.85% | 11.75% to 12.25% |
PNB Housing Roshni Home Loan
| Profile | Interest Rate (p.a.) |
|---|---|
| Salaried | 10.50% - 14.25% |
| Self-employed Non Professionals | 11.50% - 14.50% |
PNBHFL Home Purchase Loan
Purposes: PNB Housing provides loans for buying, building, renovating, or expanding homes.
LTV Ratio: Up to 90% of property value
Tenure: Up to 30 years
PNBHFL Home Loan for NRIs
Purposes: PNB Housing provides NRI Home loans to Non-Resident Indians and Persons of Indian Origin, enabling them to finance the purchase, construction, improvement, and renovation of residential properties in India.
PNBHFL Roshni Home Loan
Purposes: PNB Housing's Roshni Home Loan is a scheme tailored for individuals who are new to credit or self-employed, particularly from low to middle-income groups, with informal income. Applicants must have a minimum monthly household income of Rs 10,000 to be eligible.
Loan Amount: Rs 5 lakh to Rs 50 lakh
LTV Ratio: Up to 90%
Tenure: Up to 30 years
PNBHFL Home Construction Loan
Purposes: Individuals can get PNB Housing Finance Home Construction Loans to finance the building of their homes.
Tenure: Up to 30 years
PNBHFL Home Improvement Loan
Purposes: PNB Housing provides Home Improvement Loans for upgrading, repairing, tiling, flooring, roofing, waterproofing, plumbing, installing false ceilings, electrical work, and woodwork in existing residential properties.
PNBHFL Residential Plot Loan
Purposes: PNB Housing Home Loan applicants can obtain Plot Loans to finance the purchase of residential plots in urban areas.
LTV Ratio: Up to 70-75% of plot’s market value
PNBHFL Home Extension Loan
Purposes: You can get Home Extension Loans from PNB Housing Finance to add extra space to your current home.
Also Read : Best Home Loan EMI Calculator
| Particulars | Charges |
|---|---|
| Processing Fees | 0.5% of loan amount subject to a min. of Rs. 10,000 |
| Overdue Charge | 2% per month on overdue payment |
| Legal/Recovery/Title Search Fees | As per actuals |
| Cheque/NACH Mandate Form return | Rs 500 |
| CERSAI Fees |
For loans disbursed after January 31, 2016: Rs. 100 For loans disbursed prior to January 31, 2016: Rs. 500 |
| Conversion of Rate of Interest |
Floating to Floating Rate of Interest: 0.50% of principal outstanding Fixed to Floating Rate of Interest: 2% of principal outstanding |
| Part or Full Prepayment Charges |
1. Floating rate of interest by the individual borrower: No charges for prepayment. 2. Floating rate of interest by non-individual borrower (applicant or co-applicant): 2% of principal prepaid. 3. Fixed rate of interest by the individual borrower: 3% of principal prepaid. If prepayment is from the borrower's own source, then no fee is applicable. 4. Fixed rate of interest by non-individual borrower (applicant or co-applicant): 3% of principal |
Also read: Best Home Loan Fees and Charges
- Age Range: 21-70 years
- Minimum Work Experience: 3 years
- Credit Score Requirement: 611 and above
- Employment Types: Salaried, Self-employed Professional, Self-employed Non-Professional
- Nationality: Indian Resident, NRI (Non-Resident Indian), PIO (Person of Indian Origin)
Also Read : Best Home Loan Eligibility
For Salaried
- Address proof – Driving License, Passport, Aadhar card, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority
- Age Proof – PAN Card, Passport, Any other Certificate from Statutory Authority
- Income Proof – Form 16 for last 2 years, salary slips of last 3 months, latest 6 months’ bank statement
For Self Employed
- Age Proof – PAN Card, Passport, Any other Certificate from Statutory Authority
- Address proof – Aadhar card, Ration Card, Driving License, Telephone Bill, Passport, Election Card, Any other Certificate from Statutory Authority,
- Income Proof – Pertaining to business and ITR, such as proof of business existence, accountant-certified balance sheets, last 3 years’ income tax returns, and last 12 months’ bank account statement
For PNBHFL NRI Home Loans, the following documents are typically required:
- Age proof: Passport, PAN card, or other certificates from statutory authority
- Duly filled application form along with a photograph
- Salary slips of the last 3 months
- Copy of work permit, passport, or PIO card
- Copy of Title Deed of Property, approved plan, etc.
- Educational qualifications documents
- Appointment letter from the current employer
- Bank statement for the last 6 months showing salary credits
- Income statement from employers for the last 2 months
- Residence proof: Passport, driving license, telephone bill, election card, ration card, or any other certificate from statutory authority
- Processing Fee Cheque in favor of ‘PNB Housing Finance Limited’
- Detailed estimate of cost from the architect or valuer in the case of renovation or construction.
Also Read : Best Home Loan Documents Required
1. Can I get a joint home loan from PNB Housing Finance?
Yes, at PNB Housing Finance, you can apply for a joint home loan with your immediate family member. Joint home loan applications are often more likely to get approved compared to individual home loans. Additionally, opting for a joint home loan can enable you to avail higher income tax benefits.
2. Can I take two home loans at the same time from PNB Housing Finance?
Yes, it is possible to have two home loans simultaneously, but it's important to ensure you have sufficient repayment capacity to manage both loans effectively.
3. How long does it take for the approval of home loan?
PNB Housing typically takes 5-7 days to approve home loan applications. However, if applicants fail to provide necessary income or property documents, the approval process may be delayed.
Also read: Best Home Loan Balance Transfer
4. What is the minimum credit score required by PNB Housing for availing home loans?
Yes, the minimum credit score required for availing home loans from PNB Housing Finance is 611.
5. What is the best way to apply for PNB Housing Home Loan?
Prospective home loan borrowers have multiple options to apply for a PNB Housing Home Loan:
1. Through the official website of PNB Housing Finance.
2. By calling or sending an SMS to the toll-free number of PNB Housing Finance.
3. By clicking on a provided link to apply for a PNB Housing Home Loan while comparing interest rates offered by top lenders.
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