Hello,

Guest!

PNB Housing Finance 
Home Loan Interest Rates

PNB Housing Finance Home Loan interest rates start at 8.50% - 11.25% p.a. 90% LTV ratio, low processing charges, minimal documentation and easy eligibility, PNB Housing Finance Home Loan offer the perfect features to own your dream home. Check your PNB Housing Finance Home Loan eligibility and enjoy favourable terms and customized PNB Housing Finance Home Loan interest rates.

Updated:

PNB Housing Home Loan Interest Rate, Fee & Charges

Loan amountUp to 90% of the property cost
Rate of interest8.50% onwards
TenureUp to 30 years
Lowest EMI possibleRs. 769 Per Lakh
Processing feeUp to 0.50% of loan amount   
(Minimum: Rs. 10,000)
Min Salary/ Income RequirementRs 25000
Loan Processing Charges (Non-refundable)Up to 0.50% of loan + applicable service tax
Foreclosure chargesZero prepayment/ foreclosure charges.
Credit Score Required650

In addition to Home Loan interest rates, PNBHFL levy some other charges which include:

  • Processing Fee: Processing charges are levied to bear the expenses that are incurred in conducting a credit appraisal and completing the process of disbursing a Home Loan. The PNBHFL charges a maximum of 1% processing fees, plus applicable taxes on Home Loans.
  • Technical and Legal Charges: PNBHFL applies legal and technical charges that are detailed to its borrowers at the time of credit processing. As you proceed with the Home Loan application, you are required to pay these predefined charges as per the lender's rule.
  • Prepayment Charges: As per the guidelines from RBI, the PNBHFL is not allowed to charge prepayment fees on floating rate housing loans. Thus, you can prepay the Home Loan with PNB Housing at NIL charges. However, 3% of the prepaid principle is charged on Fixed Rate Home Loan product by PNBHFL.

Apply For Home Loan online

Features of PNB Housing Finance Scheme

  • A widespread network of operational branches spread across the nation.
  • A quick, hassle-free, and user-friendly application process.
  • Home Loans for all types of customer requirements, such as the purchase of residential land or ready Home, or extension, construction, and improvement of the home.
  • The main pillars of PNB Housing Finance limited are integrity, ethics, and openness.
  • The loan repayment is simplified with reduced EMI feature.
  • An efficient service delivery model ensures quick and easy approval and disbursal of Home Loans.
  • Highly qualified professionals handle customer care support 24X7.

PNB Housing Home Loan Interest Rates 2024

 Rate of interest for PNB Housing Home Loan 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 above8.50% to 9.25%8.80% to 9.30%
775 - 7999.10% - 9.60%9.55% - 10.05%
750 - 7759.25% - 9.75%9.70% - 10.20%
725 - 7509.55% - 10.05%10.15% - 10.65%
700 - 7259.85% - 10.35%10.45% - 10.95%
650 - 70010.25% - 10.75%10.65% - 11.15%
Up to 65010.25% - 10.75%10.65% - 11.15%
Low credit or no history10.15% - 10.65%10.55% - 11.05%

For home loans greater than Rs 35 Lakh

Credit ScoreSalaried  or Self-employed professional (SEP)Self-employed non-professional (SENP)
800 or above8.50% to 9.25%8.80% to 9.30%
775 to 7999.20% - 9.70%9.70% - 10.20%
750 to 7759.35% - 9.85%10.05% - 10.55%
725 to 7709.70% - 10.20%10.20% - 10.70%
700 to 72510.05% - 10.55%10.65% - 11.15%
650 to 70010.45% - 10.95%10.85% - 11.35%
up to 65010.45% - 10.95%10.85% - 11.35%
less than zero10.35% - 10.85%10.75% - 11.25%

Grid rates for different Types of PNB Housing Finance Home Loans

Unnati Home Loan11.75% - 13.00%
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

 Best Home Loan Interest Rates Starting from @8.50%, Check Eligibility & apply Now.

Compare PNB Housing Finance Home Loan Interest Rates with Other Lenders

LenderMaximum Loan AmountInterest RateProcessing Fee
PNB Housing FinanceUp to 90% of the property8.50% - 11.25%Up to 0.50% (Minimum Rs. 10,000)
HDFC Home LoanUp to 90% of property cost8.50% - 9.15%Up to 0.50% or Rs. 3,000 (whichever is higher) + applicable taxes
ICICI Home LoanUp to 90% of the property 9.00% - 10.05%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 cost8.40% - 10.05%Up to 0.35% + applicable GST
Axis Bank Home LoanRs. 5 Crores8.70% - 9.10%Up to 0.50%, minimum Rs.10,000

HDFC Home Loan Offer

How to calculate PNB Housing Finance Rates?

To calculate PNB Housing Finance Home Loan Interest you can use Home Loan EMI Calculator. Alternatively you use the formula to calculate manually.

Interest Amount = Principal Loan Amount x Interest Rate x Time 

However, using calculator is instant and hassle free. All you need to do is share loan details like loan amount, interest rate and tenure and press submit button. Instantly you will get loan EMI, total repayment and total interest amount.

Using MyMoneyMantra Home Loan EMI calculator you will also get amortization schedule of the loan alongside graphical representation of the loan principal and interest. 

PNB Housing Finance Home Loan EMI Calculation

Let’s use EMI Calculator and find out EMI for PNB Housing 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. 12,399Rs. 8,678Rs. 7,689
Rs.20 lakhRs. 24,797Rs. 17,356Rs. 15,378
Rs.30 lakhRs. 37,196Rs. 26,035Rs. 23,067
Rs.40 lakhRs. 49,594Rs. 34,713Rs. 30,757
Rs.50 lakhRs. 61,993Rs. 43,391Rs. 38,446
Rs.60 lakhRs. 74,391Rs. 52,069Rs. 46,135

*For purpose of EMI calculation, flat rate of Interest @ 8.50% p.a. is considered. The calculation is indicative only and will change as per effective rate of interest offered to you

Factors Affecting PNB Housing Finance Interest Rates

The Home Loan interest rates applied are based on the computation of its internal cost of raising new funds and the borrower's occupation, income levels, the type of property, and also the repayment capacity.

The key factors can be listed as:

  • Amount of Home Loan: The principal amount of the Home Loan that is borrowed is a major factor that affects the interest rate. The more is the amount of loan; the lesser is the interest rate applicable for the same.
  • Existing customers of the bank: The PNB HFL provides the lowest Home Loan interest rates, which is specific for the current customers of the bank so that they can maintain a cordial relationship.
  • Type of Home Loan applied: The type of Home Loan availed also affects the effective rate of interest. The rate of interest for women borrowers, Fixed Loan and Floating Home Loan will invariably differ from each product.
  • Salary or income level: Your monthly income or in-hand salary helps the lender assess your repayment capacity and based on which the effective rate of interest on Home Loan is calculated.

Apply for Lowest Home Loan Online @ Rs. 769/Lakh* EMI

Apply for instant home loan online at Interest Rate starting from as low as 8.50% p.a. Pay EMI of just Rs. 769 per Lakh. Loan can be repaid in flexible tenure of up to 30 years. Apply now with minimal documentation. Check eligibility & get instant approval here.

PNB Housing Finance Home Loan Interest Rates FAQs

✅ Why should I opt for a transfer of my current Home Loan balance to PNB HFL Home Loan?

image

By opting for PNBHFL Home Loan, you can target attractive interest rate at the lowest EMI of  Rs. 769 per one Lakh. This can be the case when 1 Lakh is drawn at 8.50% - 11.25% for 30 years. Hence, if you are paying an EMI higher than this, you can opt for a balance transfer to PNBHFL Home Loan.

✅ What is the maximum loan duration with PNB Housing Home Loan?

image

30 years is the maximum duration for a Home Loan by PNBHFL.

✅ What is the PNB HFL Home Loan application process?

image

It is very easy and simple to get a Home Loan from PNBHFL as the process for the same is easy to understand. You can apply for the Home Loan online through MyMoneyMantra website. Once you have applied for the loan, your application will be processed online, and then an agent from the respective bank will get in touch with you for further proceedings. The loan representative will assist you with all the information and documents that will be needed. MyMoneyMantra will also assess your CIBIL score and creditworthiness. We will guide you in case of property valuation, eligibility calculation, and also regarding technical and legal information.

✅ Can we transfer Home Loan from another bank to PNBHFL?

image

Yes, you can transfer your current Housing Loan to PNBHFL without much difficulty, and this will also help you save the interest and pay lower monthly EMI.

✅ Do I get a tax benefit on Home Loan from PNBHFL?

image

Yes, you can tap an advantage on Income Tax for PNB HFL as per the Indian Income Tax Act 1961. As per the details of the Income Tax Act, the Indian residents are eligible for a tax benefit on the principal amount and the interest components of the Home Loan that comes u/s 24 and 80C of Income Tax Act.

✅ Can I foreclose my Housing Loan with PNBHFL, and what are the applicable charges?

image

You can foreclose the Housing Loan with PNB with zero or NIL charges.

✅ How will the rate of interest on PNBHFL Home Loan change in future?

image
  • The floating rate on PNBHFL Home Loan is linked to its PLR rate.
  • When RBI increases rates, the bank increases its PLR rate and also the applicable rate of interest for all its existing and new Housing Loans would increase and vice-versa.

✅ How does part pre-payment affect the PNB Home Loan EMI?

image

By using the option of part pre-payment, you can reduce the Home Loan amount that is outstanding, and this will also reduce your amount of interest that is due.

✅ How to increase my eligibility to avail a PNBHFL Home Loan?

image

In case, your spouse or family members are earning well then you can make them a co-applicant for Home Loan and hence the combined earnings will also increase your eligibility.