PNB Housing Finance 
Home Loan Interest Rates

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.

• 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.

 Rate of interest for PNB Housing Home Loan are as below:

For Home Loans up to Rs 35 lakhs

For home loans greater than Rs 35 Lakh

Grid rates for different Types of PNB Housing Finance Home Loans

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

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.

*For purpose of EMI calculation, flat rate of Interest @ 8.75% p.a. is considered. The calculation is indicative only and will change as per effective rate of interest offered to you

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.