PNB Housing Loan Interest Rates 2022
Home Loan New Acquisition Pricing
Rate Card |
HL Salaried (Up to Rs.35 lakh) |
HL Non-Salaried (Up to Rs.35 lakh) |
HL Salaried (More Than Rs.35 lakh) |
HL Non-Salaried (More Than Rs.35 lakh) |
NTC Cibil >=170 |
8.60% |
8.95% |
8.70% |
9.05% |
NTC Cibil <170 |
9.15% |
9.50% |
9.15% |
9.50% |
upto 650 |
9.15% |
9.50% |
9.30% |
9.65% |
> 650 to < 700 |
8.95% |
9.30% |
9.10% |
9.45% |
> 700 to < 725 |
7.85% |
8.20% |
8.10% |
8.45% |
> 725 to < 750 |
7.65% |
7.99% |
7.80% |
8.15% |
>750 to <775 |
7.35% |
7.70% |
7.45% |
7.75% |
>775 to 799 |
7.35% |
7.70% |
7.45% |
7.75% |
>800 |
6.99% |
7.35% |
7.15% |
7.50% |
Non-Home Loan New Acquisition Pricing
Rate Card |
Loan against commercial property/ Loan against residential property/ Lease Rental Discounting/ Loan for Purchase of Commercial Property |
Loan against Plot/ Loan against Special Property* |
NTC Cibil >=170 |
10.50% |
10.50% |
NTC Cibil <170 |
10.50% |
10.50% |
upto 650 |
10.50% |
10.50% |
> 650 to < 700 |
10.50% |
10.50% |
> 700 to < 725 |
9.40% |
10.50% |
> 725 to < 750 |
8.95% |
10.50% |
>750 to <775 |
8.70% |
10.50% |
>775 to 799 |
8.70% |
10.50% |
>800 |
7.99% |
10.50% |
Interest rates effective from 25 May 2022 and are subject to change at the bank’s discretion.
PNB Housing Finance is a branch Punjab National Bank. The bank has an enormous customer base and provides a widespread line of home loan products for the public, private builders, government employees, etc. PNB Housing Finance home loans can be availed by visiting one of their several branches spread across the nation.
The features and benefits of the loans are as follows:
- Rate of interest that starts as low as 6.99% p.a.
- Floating rate of interest that is linked to the benchmark rate – PNBHFR. This gives you the benefit of lower rates of interest when compared to loans with fixed interest rates. It translates to greater savings for you over the long term.
- PNB has tied up with prominent insurance companies so you can get your loan repayments insured. This helps to protect you financially even in the case of unfortunate events that could hamper the repayment of your loan.
- Doorstep services ensure quick and hassle-free disbursal of the loan.
- A wide range of loan products within the home loan category including loans for home improvement, home extension, and purchase of plots.
- Repayment options through Electronic Clearance System (ECS) and post-dated cheques make it easier to pay back the loan at your convenience.
- Repayment tenures of up to 30 years which offer more time to repay the loan in a stress-free manner.
- In case of increase in the cost, there is the facility to enhance the loan amount.
PNB Housing Finance Loan EMI Calculator
Calculate your home loan EMI in a minute with the help of PNB HFL Home Loan EMI Calculator. Enter your loan details, including the loan amount, interest rate, processing fee, and tenure, and click on “Calculate”. You can also view a detailed break-up of your repayment schedule through an amortisation table.
PNB HFL Home Loan EMI Calculation
Amount |
10 years |
20 years |
30 years |
Rs.10 lakh |
Rs.11,606 |
Rs.7,747 |
Rs.6,646 |
Rs.20 lakh |
Rs.23,211 |
Rs.15,494 |
Rs.13,293 |
Rs.30 lakh |
Rs.34,817 |
Rs.23,241 |
Rs.19,939 |
*Interest rate of 6.99% p.a. has been taken into consideration for this loan EMI illustration. Your final EMI amount can vary based on the rate offered to you by the bank.
PNB Housing Loan Eligibility
Given below are the eligibility criteria you will have to fulfil to apply for a home loan from PNBHFL:
Documents Required
The list of documents required for salaried individuals and self-employed individuals are given below. While there are some common documents, there are also some that are unique to each category.
Documents Required for Salaried Individuals:
All the documents given below have to be self-attested by the applicant.
Age Limit |
The age of the applicant must be 21 years or above. The age of the applicant should not exceed 70 years at the time of home loan maturity. |
Monthly salary/income |
Rs.15,000 and above |
Required CIBIL Score |
Minimum 611 |
Work experience for salaried individuals |
3+ years |
Business continuity for self-employed |
3+ years |
Documents Required for Professionals/Self-Employed Individuals:
All the documents given below have to be self-attested by the applicant.
Eligibility Proof |
Documents Required |
Proof of residence |
Telephone bill/election card/ration card/driving license/passport/any relevant certificate from a Statutory Authority |
Proof of age |
Passport/PAN card/any relevant certificate from a Statutory Authority |
Proof of educational qualifications |
Latest degree certificate (for professionals) |
Proof of income |
- Income tax returns of the past 3 years. Balance sheets and Profit & Loss account to be audited/certified by a Chartered Accountant
- Bank statements of the last 12 months
- Business profile
- Proof of existence of business and certificate
|
Other Requirements:
- Application form that is filled up accurately (which can be downloaded from the website of PNB Housing Finance Limited) along with photograph.
- Photocopy of the approved plan or property title documents.
- Cheque for processing fee made in favour of ‘PNB Housing Finance Ltd.’
How to Apply for PNB Housing Finance Home Loan
A home loan from PNB Housing Finance can be applied in the three methods listed below:
- Through BankBazaar: You can visit the BankBazaar website and navigate to the home loan section. There, you will be able to see a list of loan providers. You can click on the ‘Apply Now’ button against PNB Housing Finance Home Loan and follow the instructions to set the application process rolling.
- Through the official website of PNB Housing Finance: Another way to apply for a home loan from PNB Housing Finance is to visit the official website and click on ‘Instant loan in 3 minutes – Apply Now’ under Home Purchase Loan. On doing that, you will be redirected to a new page where you need to follow the instructions to apply for the home loan. You can also track the status of your application through the bank’s official website.
- Offline application: You can apply for the home loan using the offline mode. All you need to do is visit the nearest branch along with the necessary documents. In case, you need any assistance you can contact PNBHFL customer care on the toll-free numbers.PNB Housing Finance Headquarters:
9th Floor, Antriksh Bhavan,
22 Kasturba Gandhi Marg,
Near Connaught Place,
New Delhi – 110001
Contact Number: 1800 120 8800
Why Apply for a PNB Housing Finance on BankBazaar.com?
Applying for a home loan on BankBazaar offers the following unbeatable advantages:
- Save Time: Avoid running around for your PNB HOUSING home loan. From checking out all the features, to applying and running down the list of required documents, to finally receiving confirmation from PNB HOUSING, everything happens quickly and smoothly- thanks to BankBazaar’s interactive and informative approach.
- All the Information You Need: Everything important, from the basic terms and conditions to the eligibility factors, from PNB housing finance interest rate to documentation required, find everything you need, here!
- Compare and Review: Compare the PNB HOUSING home loan against other loan options available in the Indian market. Read reviews from your peers about their own borrowing experience, clear nagging queries by contacting BankBazaar’s expert customer support team.
- Simple and Transparent Application Process: No hidden charges, no red-tape, not too technical that only a rocket scientist can understand, and immensely respectful of your requirements and limitations.
- 100% Safe: Your personal information is treated with the maximum care, never shared with anyone other than PNB HOUSING and passed through robust, encrypted systems that have 0% tolerance towards malicious intent.