PNB Housing Finance 
Home Loan Interest Rates

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.


PNB Housing Finance Home Loan Fee & Charges

Loan amountUp to 90% of the property cost
Rate of interest7.35 onwards
TenureUp to 30 years
Lowest EMI possibleRs.  689 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 1% of loan + applicable service tax
Foreclosure chargesZero prepayment/ foreclosure charges.
Credit Score Required600

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.

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.

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.

Note: Now Customer can also check their transactions made with PNB Mini statement Check Number service

Floating Rate

For loan amount up to INR 35 lakhs, with effect from 25th Feb’21:

Credit ScoreSalaried / Self – employed professional (SEP)Self – employed non – professional (SENP)
less than zero8.55% – 9.05%8.85% – 9.35%
upto 6508.55% – 9.05%8.85% – 9.35%
> 650 to < 7008.35% – 8.85%8.60% – 9.10%
> 700 to < 7507.95% – 8.45%8.35% – 8.85%
> 750 to < 8007.55% – 8.05%7.65% – 8.15%
>= 8007.35% – 7.85%7.55% – 8.05%

For loan amount greater than INR 35 lakhs

Credit ScoreSalaried / Self – employed professional (SEP)Self – employed non – professional (SENP)
less than zero8.75% – 9.25%9.05% – 9.55%
upto 6508.75% – 9.25%9.05% – 9.55%
> 650 to < 7008.55% – 9.05%8.80% – 9.30%
> 700 to < 7508.05% – 8.55%8.55% – 9.05%
> 750 to < 8007.85% – 8.35%7.95% – 8.45%
>= 8007.70% – 8.20%7.90% – 8.40%
  • *Rates of interest are subject to change at the sole discretion of PNB Housing.
  • PNB Housing offers floating rate of interest, linked to its benchmark rate PNBHFR:
  • PNBHFR for existing customers (loan disbursed) before 1st March 2017: 14.57% p.a.

Source: PNB Housing Website

  • *Rates of interest are subject to change at the sole discretion of PNB Housing.
  • PNB Housing offers floating rate of interest, linked to its benchmark rate PNBHFR:
  • PNBHFR for existing customers (loan disbursed) before 1st March 2017: 14.57% p.a.

Source: PNB Housing Website

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. 

Key things about PNB Housing Finance Interest Rates

  • Shorter Tenure: The rate of interest for a Home Loan is affected by the duration or the period of the loan. The shorter is the tenure of the loan, the lower is the total interest paid, but the EMI will be higher.
  • Increase EMIs: By increasing the amount of EMI, you will not only reduce the total interest paid, but it will also help you to pay the principal loan amount faster.

Compare PNB Housing Finance Home Loan Interest Rates with Other Lenders

LenderInterest RateProcessing Fee
PNB Housing Finance Home Loan7.35%-Up to 0.50% (Minimum Rs. 10,000)
ICICI Bank Home Loan6.70%-8.05%0.50% - 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST
SBI Home Loan6.75% - 8.20%Up to 0.50% + applicable GST
Axis Bank Home Loan6.90%-8.40%Up to 1%, minimum Rs.10,000
HDFC Home Loan6.70%-7.20%Up to 1.50% or Rs. 4,500 (whichever is higher) + applicable taxes

Best Value Home Loans

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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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?


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.


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


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

What is the PNB HFL Home Loan application process?


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?


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?


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?


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?

  • 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?


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?


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.