PNB Housing Finance

Let’s take a brief overview of PNB Housing Finance Home Loan

Loan AmountUp to 90 % of the property cost
Rate of interest7.2% onwards
TenureUp to 30 Years
Lowest EMI possibleRs. 679 Per Lakh
Processing feeUp to 0.50% of the loan amount
Prepayment/ Foreclosure ChargesNil for floating home loan

PNB Housing Loan Features

The Key features of PNB Home Loans are:

  • PNB Housing Loan interest rates start from 7.2% per annum.
  • Loan amount: Up to 90% of property value.
  • Repayment tenure: Up to 30 years
  • PNB Home Loan Processing Fees is nominal. It can go up to 0.50% of the loan amount. Minimum processing fees is Rs 10000.
  • Lowest EMI possible: Rs. 679 per Lakh
  • Floating interest rates, linked to PNBHFR benchmark.

PNB Housing Loan Benefits

The benefits of PNB Housing Finance Home Loans are:

  • Countrywide branch network.
  • Customised PNB Home Loans for purchase, construction, extension, and renovation of home.
  • Instant in-principal pnb housing loan approval.
  • Multiple repayment options.
  • Apply for PNB Home Loan enhancement, in case of value escalation
  • Excellent post disbursement services
  • Doorstep delivery
  • Optional insurance scheme available
  • All in all, get a tailored loan for all types of housing finance needs

PNB Housing Home Loan Eligibility Criteria

Salaried as well as self-employed residents as well as non-resident Indians can apply 

Eligibility for PNB Housing Finance Home loan is assessed basis following criteria:

  • Market value of the property
  • Repayment capacity
  • Personal details such as income, age, qualification & occupation

To improve the PNB housing loan eligibility income of borrowers and co-borrowers can be considered cumulatively.

Other PNB home loan eligibility requirements-

Borrower's age: 21 to 70 years

Loan amount: Subject to property value & repayment capacity.

PNB Housing Home Loan Documents Required

Here is a list of documentation required for PNB Home Loans:

Type of documentList of self-attested documents 
Loan application
  • Duly filled application form with photograph
Age proof (any one)
  • PAN Card
  • Passport
  • Any certificate from statutory authority (e.g. Matriculation certificate)
Residence proof (any one)
  • Passport/ Driving License/ Telephone Bill/ Ration Card/ Voter ID Card/ Any other certificate from Statutory Authority
Educational qualifications
  • Latest degree
Income proof

Salaried Individuals

  • Latest salary slips for last 3 months
  • Form 16 of last 2 years
  • bank statements of Salary Account- for 6 months

Self-employed individuals

  • Certificate & Proof of business existence
  • Business Profile
  • ITR for the last 3 years (self and business)
  • Profit & Loss Account & Balance Sheets duly certified/ audited by a Chartered Accountant.
  • Bank statements (self & business) for the last 12 months.

Processing fee cheque in favour of PNB HFL

Photocopy of title documents of the property, Approved Plan etc.

PNB Housing Home Loan Interest Rates

PNB Housing Finance Home loans are available at floating rates and vary as per the borrower's credit score. The PNB Housing Home Loan Interest Rate is linked to its benchmark rate PNBHFR. With effect from 25th Feb'21, the rate of interest for PNB home loans are as below: 

For home loans up to Rs 35 lakhs

Credit ScoreSalaried  or Self-employed professional (SEP)Self-employed non-professional (SENP)
800 or above7.20%7.40%
750 - 8007.45%7.60%
700 - 7507.65%7.75%
650 - 7008.40%8.60%
Up to 6508.55%8.75%
Low credit or no history8.55%8.75%

For home loans greater than Rs 35 Lakh

Credit ScoreSalaried  or Self-employed professional (SEP)Self-employed non-professional (SENP)
>= 8007.40%7.55%
> 750 to < 8007.55%7.70%
> 700 to < 7507.80%7.95%
> 650 to < 7008.608.80%
upto 6508.708.90%
less than zero8.70%8.90%

Grid rates for different types of PNB Housing Finance Home Loans

Unnati Home LoanNo change
Home Loans under special programs Banking + 0.25% to applicable rate
LIP + 0.50% to applicable rate
Rental Income Program + 0.50 to applicable rate %
Plot purchase (not Purchase + Construction)+ 1% to HL Grid rate
Home Improvement Loan
  • up to 25% of the sanction amount will be priced at “Home Loan” card rates
  • Loans up to Rs 25 Lakh will be at regular HL rate
  • Home Extension (HEL) at regular rate
Top-up LoansAs per Non Home Loan i.e LAP

PNB Housing Finance Home Loan Processing Fees & Charges

Fees and charges associated with PNB Home Loan are:

Loan Processing Charges (Non-refundable)Up to 0.5% of loan + applicable service tax
Foreclosure chargesZero prepayment/ foreclosure charges

PNB Housing Finance Loan Schemes

PNB Housing Finance offers the following types of Home Loans to customers:

PNB HFL Home Purchase Loan: 

  • PNB Housing Home Loan for purchase, construction and extension of residential units.
  • Apply online or offline as per your choice
  • doorstep services for quick processing
  • Great post disbursement services
  • Top up available
  • Multiple repayment options
  • Insurance option available too.

PNB HFL Home construction loan: 

  • PNB Loan for self-construction of a residential unit.
  • Best option for customers looking out for financing for construction on pre-owned land.
  • All regular benefits of PNB HFL Home Loan available.

PNB HFL Home extension loan: 

  • PNB Loan for adding more space to an existing house.
  • Apply if you need to build an extra room or floor for your home.
  • Tailored loan option as per the financing requirement.

PNB HFL Home improvement loan: 

  • Apply for a customised home improvement loan to upgrade your home.
  • You can apply for complete renovation or repair as well as modification work.
  • Apply for a PNB home improvement loan for:
    • External and/ or internal repairs
    • Renovations & Paint work
    • Water-proofing & roofing
    • Tiling and flooring
    • Plumbing & electrical work
    • False ceiling & woodwork & more

PNB HFL Residential Plot Loan: 

  • PNB Home Loan for the construction or purchase of residential plot.
  • The plot should be located in an urban area.

PNB HFL Home Loan for NRIs: 

  • Customised PNB home loan for NRIs (Non-Resident Indians) & PIOs (Person of Indian Origin).
  • Financing available for purchase, construction, extension etc.
  • Excellent customer support & services for overseas customers.

PNB Unnati Home Loans: 

  • PNB Unnati home loan is an affordable PNB housing loan scheme for first time home owners.
  • LTV is up to 90% of the market value of the property.
  • Affordable EMI plans
  • PNB Home Loan Maximum loan amount of Rs 35 lakh.
  • Doorstep services for easing borrowing journey.
  • Pan India branch network
  • Any salaried, self-employed professional/ non-professional, individual with a Professional Degree/ Diploma/ Post Graduate Degree/ ITI and a minimum salary of Rs 10,000 per month can apply.
  • The maximum age capping for a salaried borrower is placed at 70 years, and for a self-employed individual, it is 65 years.

PNB Pradhan Mantri Awas Yojana: 

Pradhan Mantri AwasYojana (PMAY) is a credit-linked subsidy scheme for EWS (Economical Weaker Section), LIG (Lower Income Group), MIG (Middle Income Group). This scheme was announced by our honourable Prime Minister Sh. Narendra Modi. This scheme is meant for first time home buyers and comes with an interest subsidy of up to Rs 2.67 Lakh.

PNB Housing Finance Pradhan Mantri Awas Yojana 2021

The borrowers of PNB Housing Finance for Middle Income Group (MIG), Lower Income Group (LIG) and Economically Weaker Section (EWS) categories can avail of credit linked subsidy scheme under the Pradhan Mantri Awas Yojana (PMAY).

The customers can enjoy interest subsidy on the construction, purchase or improvement of a house under the Pradhan Mantri Awas Yojna. The scheme was introduced by PM Narendra Modi under Housing for all by the 2022 pilot project.

Features of PMAY

  • For LIG and EWS, women ownership is a must for the purchase of a new house.
  • The interest subsidy is calculated for 20 years.
  • The advantages can be availed for the purchase of only the first property.

Eligibility for PMAY

  • Scheme is open to individuals only.
  • The applicants must be above the age of 18 years to apply.
  • For EWS and LIG categories, the applicant's annual income can be up to 6 Lakh. 
  • The annual income of applicants belonging to MIG 1 can be between 6.01 Lakh and 12 Lakh. 
  • The annual income of applicants belonging to MIG 2 can be between 12.01 Lakh and 18 Lakh.
  • All applicants must be from the same family, including unmarried children, spouse, and self.
  • The beneficiary, including all his/her family members, shall not have a pucca house anywhere in India.

PNB Home Loan Comparison with Other Lenders

LenderMaximum Loan AmountInterest RateProcessing Fee
PNB Housing FinanceUp to 90% of the property7.20% OnwardsUp to 0.50% (Minimum Rs. 10,000)
ICICI Home LoanUp to 90% of the property 6.75%-7.55%0.50% - 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST
SBI Home LoanUp to 90% of property cost6.70% - 8.05%Up to 0.50% + applicable GST
Axis Bank Home LoanRs. 5 Crores6.90%-8.40%Up to 1%, minimum Rs.10,000
HDFC Home LoanUp to 90% of property cost6.75%-7.65%Up to 1.50% or Rs. 4,500 (whichever is higher) + applicable taxes

How to Know Max Home Loan on My Property (LTV) from PNB Housing Finance?

Depending on the product you choose, PNB Housing Finance gives Home Loans from 75% to 90% of the property's value, also known as Loan to Value (LTV). The balance amount (margin) needs to be arranged by the applicant from their own sources. 

Loan AmountLoan To property Value
Up to 30 Lakh90 %
Above 30 Lakh & up to 75 Lakh80 %
Above 75 Lakh75 %

How to Calculate PNB Housing Finance Home Loan EMI?

You can use MyMoneyMantra Home Loan EMI Calculator for assessing the load of EMI for PNB Housing Finance Home Loan. It is the best tool for assessing Home Loan EMI. You can effortlessly estimate the cost of a home loan and plan your monthly budget accordingly. 

Using EMI calculator is very easy. You can use MMM calculator as an instant PNB Home Loan Calculator. Just enter the loan amount along with the time period of the loan and the rate of interest. EMI calculator gives you bifurcation of the entire loan tenure, which helps you plan your EMI and tax obligation accordingly.

PNB Home Loan EMI Calculation

Let’s use EMI Calculator and find out EMI for PNB Home Loans with different combinations of Home Loan Amount and tenor. Below we have calculated EMI for 10 Lakh, 20 Lakh, 30 Lakh, 40 Lakh, 50 Lakh PNB Housing Finance Home Loans for 10, 20 & 30 years respectively.

Loan Amount10 years20 years30 years
Rs.10 lakhRs.11,792Rs.7,964Rs.6,890
Rs.20 lakhRs.23,584Rs.15,929Rs.13,779
Rs.30 lakhRs.35,376Rs.23,893Rs.20,669
Rs.40 lakhRs.47,168Rs.31,858Rs.27,559
Rs.50 lakhRs.58,960Rs.39,822Rs.34,449
Rs.60 lakhRs.70,752Rs.47,787Rs.41,338

*For purpose of EMI calculation, flat rate of Interest @ 7.20% p.a. is considered. The calculation is indicative only and will change as per effective rate of interest offered to you

PNB Housing Finance Customer Care

The customer care service at PNB Housing is very competent and responsive. Apart from the toll-free number, you can also drop your queries and complaints to their email id. Also, to check PNB housing finance Home loan status, you contact customer care.

Customer care executives can speak English and Hindi fluently. The toll-free number is active 24 x 7. If you have mailed your grievance, you should expect a reply or a call back within three working days. 

contact details:

PNB Housing Finance Ltd.

9th Floor, Antriksh Bhavan,

22 Kasturba Gandhi Marg,

Near Connaught Place,

New Delhi 110001

Phone Number: 1800 120 8800

Email Address:

CIN: L65922DL1988PLC033856

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PNB Housing Finance FAQs

✅ Why Punjab National Bank is Better than Other Banks for Home Loan?

Punjab national bank is one of the most renowned banks in India that offers several home loan schemes for you to figure out which one will suit your demands the best. Home loans are offered at affordable rates for longer tenures of up to 25 years to 30 years. Another remarkable factor that makes the PNB services unique is their first and instant services. It helps you save a lot of time during and after your application process.

✅ How long does it take for disbursement of PNB Home Loan?

The loan disbursal process begins soon after you successfully select your property type, submit all necessary documents and apply for the home loan.

✅ Can I deposit my PNB Fixed Deposit as security for PNB Home Loan?

Yes. This facility is allowed by the Punjab national bank. However, the rate of interest will be 2% higher on the entire loan amount in that case.

✅ What security do I need to provide for a Home Loan?

The title of your property should be clearly submitted, and the property documents should be presented clearly to the bank when you apply for a PNB home loan. Your property should be free from any encumbrances. Make sure you keep the collateral security documents for the review process.

✅ Who is eligible for a PNB home loan?

Salaried and self-employed individuals from the age group of 18 to 70 years who have a regular income enter intending to buy, extend, or renovate houses are eligible to apply for a PNB home loan.

✅ Is property insurance necessary for PNB Home Loan?

Yes. Your property documents are necessary for the review process. Insurance documents are helpful when it comes to protecting your property against events like floods, earthquakes or other man-made calamities.

✅ What percentage of property value can be funded by way of a PNB Housing Loan?

The bank can fund up to 90% of your entire property value in case of home loans.

✅ A customer is not present in India. Can they still avail of a PNB home loan?

Suppose a customer is not present in India at the time of application and at the time of loan disbursal. In that case, they can still get the loan with the help of a power of attorney according to the guidelines followed by the Punjab national bank. A power of attorney will represent the customer and take all necessary actions on behalf of them.

✅ How much CIBIL score is required for a PNB home loan?

On average, a credit score of 750 is considered decent when it comes to home loans. Make sure you focus on improving your Cibil score if you have a poor credit score before applying for a home loan for better loan-approval chances.

✅ What is the maximum tenure of a PNB Home Loan?

The maximum tenure of a PNB home loan, as per the policies of the bank, remains up to 30 years.