PNB Housing Finance Home Loan interest rates start at 7.35% 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.
Loan amount | Up to 90% of the property cost |
Rate of interest | 7.35 onwards |
Tenure | Up to 30 years |
Lowest EMI possible | Rs. 689 Per Lakh |
Processing fee | Up to 0.50% of loan amount (Minimum: Rs. 10,000) |
Min Salary/ Income Requirement | Rs 25000 |
Loan Processing Charges (Non-refundable) | Up to 1% of loan + applicable service tax |
Foreclosure charges | Zero prepayment/ foreclosure charges. |
Credit Score Required | 600 |
In addition to Home Loan interest rates, PNBHFL levy some other charges which include:
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:
Note: Now Customer can also check their transactions made with PNB Mini statement Check Number service
For loan amount up to INR 35 lakhs, with effect from 25th Feb’21:
Credit Score | Salaried / Self – employed professional (SEP) | Self – employed non – professional (SENP) |
less than zero | 8.55% – 9.05% | 8.85% – 9.35% |
upto 650 | 8.55% – 9.05% | 8.85% – 9.35% |
> 650 to < 700 | 8.35% – 8.85% | 8.60% – 9.10% |
> 700 to < 750 | 7.95% – 8.45% | 8.35% – 8.85% |
> 750 to < 800 | 7.55% – 8.05% | 7.65% – 8.15% |
>= 800 | 7.35% – 7.85% | 7.55% – 8.05% |
For loan amount greater than INR 35 lakhs
Credit Score | Salaried / Self – employed professional (SEP) | Self – employed non – professional (SENP) |
less than zero | 8.75% – 9.25% | 9.05% – 9.55% |
upto 650 | 8.75% – 9.25% | 9.05% – 9.55% |
> 650 to < 700 | 8.55% – 9.05% | 8.80% – 9.30% |
> 700 to < 750 | 8.05% – 8.55% | 8.55% – 9.05% |
> 750 to < 800 | 7.85% – 8.35% | 7.95% – 8.45% |
>= 800 | 7.70% – 8.20% | 7.90% – 8.40% |
Source: PNB Housing Website
Source: PNB Housing Website
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.
Lender | Interest Rate | Processing Fee |
PNB Housing Finance Home Loan | 7.35%- | Up to 0.50% (Minimum Rs. 10,000) |
ICICI Bank Home Loan | 6.70%-8.05% | 0.50% - 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST |
SBI Home Loan | 6.75% - 8.20% | Up to 0.50% + applicable GST |
Axis Bank Home Loan | 6.90%-8.40% | Up to 1%, minimum Rs.10,000 |
HDFC Home Loan | 6.70%-7.20% | Up to 1.50% or Rs. 4,500 (whichever is higher) + applicable taxes |
MyMoneyMantra is India’s largest phygital loan distributor. With trust of 70 lakh customers, we assure hassle free access to the best Home Loans up to 10 crore for housing loan borrowers in India. Our service is 100% free. We use latest technology and AI to serve customers across the length & breadth of our diverse country. Check Eligibility & Apply.
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By opting for PNBHFL Home Loan, you can target attractive interest rate at the lowest EMI of 797 per one Lakh. This can be the case when 1 Lakh is drawn at 8.9% for 30 years. Hence, if you are paying an EMI higher than this, you can opt for a balance transfer to PNBHFL Home Loan.
30 years is the maximum duration for a Home Loan by PNBHFL.
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.
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.
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.
You can foreclose the Housing Loan with PNB with zero or NIL charges.
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.
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.