Punjab National Bank Home Loan

Building a house can be pretty tricky at times if you do not make a solid strategic plan before you take a home loan. Managing your expenses and making proper financial decisions during your repayment tenure with an appropriate plan becomes more manageable. 

Punjab National Bank is one of India's most renowned public sector banks that offers several home loan schemes to eligible customers. In addition, the bank offers home loans at reasonable interest rates for longer tenures. When it comes to the PNB home loan, you have many options to choose which scheme suits your demands the best.

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Looking for 60 Lakh Home Loan? Check Interest rates, Eligibility, EMI & Apply Now !

There are several Features and Benefits of Punjab National Bank Housing Finance loans. Some of the significant benefits that you can enjoy if you apply for a home loan in PNB include:

• The bank offers loans at relatively low-interest rates. PNB housing finance interest rates start from 8.25%. It is a relatively affordable interest rate compared to the market rate at the contemporary time.
• You can select a longer tenure of up to 25 years to 30 years in order to decrease your monthly instalment rates.
• If you have a poor credit score of 650 or less, you can consider applying with up to 4 co-applicants who have a good credit score to increase your chances of getting a loan approved.
• Both salaried and self-employed people can apply for a home loan with a decent credit history and stable income.
• You can use the home loan EMI calculator to calculate your monthly instalments before applying for a home loan. It will give you exact results and help you plan your expenses and manage your finances well during your repayment tenure. You can also try changing the loan tenure and making different combinations with different principal amounts to determine which loan plan suits your affordability the best.
• Those who have a good credit score of 750 and above often receive several tax benefits on home loan as per different policies of the Punjab national bank. Make sure you go through all the policies and discuss the same with the bank officials before applying for a home loan for better opportunities.
• Unlike many banks in India, Punjab National Bank approves your loan applications instantly, and the entire procedure quickly takes place. The loan disbursal process also takes place as soon as possible, which helps you save a lot of time in the long run.
• PNB offers several repayment services to customers. You can quickly go for a repayment method without any hassle.
• If you want to keep your monthly instalments at a reasonable size, you can choose a tenure of up to 30 years based on your affordability.
• The loan turnaround period remains around 8 to 15 days.
• Both salaried and self-employed people can apply for the PNB home loan.
• You can add up to 4 applicants while applying for the loan if you have a poor credit score to increase your loan's chances of getting approved by the bank.
• The lowest EMI for an average interest rate remains around Rs. 751/- per lakh.

You can also check DDA Housing Scheme 2025 online.

PNB Home Loan interest rates depend on several factors such as your credit score, income details, financial background, and other details. Interest rates also differ from one scheme to the other based on several factors. 

Interest rate also differs based on your profession. For self-employed and salaried people, the rate usually varies by 4 to 5% when it comes to the PNB Home loan.

Go through the charts to understand the different interest rates offered by PNB. The first chart reflects the amounts offered to those who apply for up to 35 lakhs loans.

Housing Loan

Loan Amount - Rs 30 lakh and above (For LTV Ratio of up to 80%)

Before you apply for a home loan, make sure you go through all home loan interest rates offered by the leading banks at the moment. It will help you understand the differences between the rates and choose the best scheme for the future.

Use an online EMI calculator to calculate your monthly instalments before applying for a home loan. Use different online EMI calculators to compare and analyse the differences between the interest rates offered for your principal account.

Go through the chart to understand the different interest rates offered by the leading banks in India so that you can figure out which scheme you should go for.

These are the different interest rates offered by the leading banks in the country at the moment. So do your research and go for the best scheme that fits your affordability the most. For instance, for a 20 lakh home loan, your monthly installments will be around Rs. 17,041/- for a tenure of 20 years. If the interest increases, your EMIs will increase along with it. 

Different banks also offer different processing fees when it comes to home loans. On average, the processing fee remains up to 0.50% depending on the policies of the banks. Make sure you go through the financial policies well before applying for the PNB home loan.

Additional Info: Also Check Best Banks for Home Loan in India in 2025

There are several schemes offered to customers when it comes to Punjab national bank home loan. Different schemes are provided with different objectives, and people with different demands apply for them based on their requirements.

Several types of home loans offered by Punjab National Bank include:

PNB Housing Loan for Public 

• This PNB Home loan is offered to those who are looking forward to building their house or flat. These loans can also be utilised for purchasing a new home or for renovation and extension purposes. 
• Customers can take a loan of up to one crore under this scheme. 
• The interest rate remains around 8.25%.

PNB Pride Housing Loan 

• This scheme is offered to permanent central and state government employees for construction and renovation purposes of their property. 
• The minimum loan amount remains around 10 lakh for this PNB home loan scheme.
• An interest rate of 8.25% onwards is applied for a tenure of up to 30 years.

PNB Max Saver

• This is a scheme that comes in the form of an overdraft. This scheme helps you make substantial savings on your home loan interest. 
• Customers can deposit their funds in their overdraft account if they wish. They can also withdraw the money as per their demands. 
• The loan amount remains between 10 lakh to 1 crore. 
• The interest rate remains around 8.25% onwards.

PNB Gen- Next Housing Finance Scheme for Public

• This PNB home loan is offered to the Gen-Next salaried class along with govt, PSUs, and PSBs employees.
• This loan can be used for both house purchase and house construction purposes.
• The minimum loan amount that the customers can borrow remains around 20 lakh under the scheme.
• An interest rate of 8.25% onwards is applied for a tenure of up to 30 years.
• In order to apply for this loan, home loan for salaried individuals must submit documents as proof of their work experience of at least three years.

Check out the eligibility and benefits of LRD Loan.

Punjab national bank home loan eligibility criteria are similar to most banks in India in terms of the required documents and the age factors. If you want to apply for a home loan soon, make sure you go through the eligibility criteria thoroughly before making an application.

• Both salaried and self-employed people are eligible to apply for the PNB home loan schemes.
• You need to be at least 18 years old to apply for a home loan.
• The maximum age to apply for home loans is 70 years.
• For PNB flexible housing loans, the maximum each to apply remains 50 years as per the bank's policies.
• Your credit score must be 750 or above for better chances of loan approvals. Check CIBIL score for home loan and if you have a poor credit score, make sure you focus on improving your credit score first before applying for a home loan.
• You must have a regular source of income of at least Rs. 35,000 per month in order to apply for a home loan.

You can also check your loan EMI through PNB Home Loan EMI Calculator

There are several home loan documents required for making a loan application. The significant documents that you need to keep to apply for a home loan include:

• A duly filled application form with attested photographs
• You must have a PAN card to apply for the PNB housing loan.
• Your age proof- birth certificate/ passport is required.
• Address proof- utility bills such as electricity, telephone, and water bills are required.
• Identity proof- Voter card, Aadhar card, driving licence, ration card.
• Income proof- your bank statements for the last six months are required. The bank requires Salary-slips for three months along with the processing fee cheque for review purposes.
• You must submit form 16 in order to apply for the PNB home loan.
• Educational qualifications such as your degree may be required as well. 
• For self-employed people, proof of their business is required - a business profile and balance sheets with proof of loss or profit must be submitted during the application process.
• If you are applying with a co-applicant, income proof of your co-applicants will also be needed for the review process.

Additional Info: Also check Punjab National Bank Home Loan Documents Required

In order to apply for a PNB home loan scheme, you need to follow a few steps:

• First, you need to register yourself as an applicant before applying for a home loan.
• Login to PNB internet banking in order to move ahead with the registration process.
• Click on the 'other services' option and select 'service requests' next.
• Go to 'new requests' and register yourself as an applicant.
• After that, you can visit the housing loans section from the official website of the Punjab National Bank.
• Choose the scheme you want to select. Select your name, mobile number, address, and other details.
• You will have to then agree to the terms and rules in order to proceed further with your application.
• After a verification via OTP, you can directly apply for the scheme.

In order to contact the customer care of the Punjab National Bank for PNB home loan queries or other queries, dial their toll-free number- 1800 180 2222 or 1800 103 2222 for instant support. 

If you want to have a written conversation, you can send an email to care@pnb.co.in.

Additional Info: Also check Home Loan Customer Care Number