| PNB Housing Finance Home Loan Highlights | |
| Interest Rate | 8.50% – 14.50% p.a. |
| Loan Amount | Rs 8 lakh onwards |
| LTV Ratio | Up to 90% of property value |
| Loan Tenure | Up to 30 years |
| Processing Charges | Up to 1% of loan amount + GST |
| Minimum Monthly Income | Rs 15,000 |
| Minimum Credit Score | 611 and above |
Note: Rates as of 23rd March 2023
Also Read: Have ‘No’ or ‘Low’ Credit Score? Use Step UP Credit Card Co-branded with SBM Bank India Ltd. to Build/Improve your Credit Score
Table of Contents
PNB HFL Home Loan Interest Rates
For Loan Amount up to 35 lakh
| Credit Score | Interest Rates (p.a.) | |
| Salaried / Self – employed professional (SEP) | Self – employed non – professional (SENP) | |
| >= 800 | 8.50%-9.00% | 8.55%-9.05% |
| >775 to 799 | 8.80%-9.30% | 9.25%-9.75% |
| >750 to <=775 | 8.95%-9.45% | 9.40%-9.90% |
| > 725 to < =750 | 9.25%-9.75% | 9.85%-10.35% |
| > 700 to <= 725 | 9.55%-10.05% | 10.15%-10.65% |
| > 650 to <= 700 | 9.75%-10.25% | 10.15%-10.65% |
| upto 650 | 9.75%-10.25% | 10.15%-10.65% |
| NTC** Cibil >170 | 9.75%-10.25% | 10.15%-10.65% |
| NTC** Cibil <=170 | 9.75%-10.25% | 10.15%-10.65% |
For Loan Amount above 35 lakh
| Credit Score | Interest Rates (p.a.) | |
| Salaried / Self – employed professional (SEP) | Self – employed non – professional (SENP) | |
| >= 800 | 8.50%-9.00% | 8.55%-9.05% |
| >775 to 799 | 8.90%-9.40% | 9.40%-9.90% |
| >750 to <=775 | 9.05%-9.55% | 9.75%-10.25% |
| > 725 to <=750 | 9.40%-9.90% | 9.90%-10.40% |
| > 700 to <=725 | 9.75%-10.25% | 10.35%-10.85% |
| > 650 to <=700 | 9.95%-10.45% | 10.35%-10.85% |
| upto 650 | 9.95%-10.45% | 10.35%-10.85% |
| NTC** Cibil >170 | 9.95%-10.45% | 10.35%-10.85% |
| NTC** Cibil <=170 | 9.95%-10.45% | 10.35%-10.85% |
PNB Housing Plot Loan
For Loan Amount up to Rs 35 lakh
| Credit Score | Interest Rates (p.a.) | |
| Salaried Professionals | Business Owners | |
| >= 800 | 9.50%-10.00% | 9.55%-10.05% |
| >775 to 799 | 9.80%-10.30% | 10.25%-10.75% |
| >750 to <=775 | 9.95%-10.45% | 10.40%-10.90% |
| > 725 to <=750 | 10.25%-10.75% | 10.85%-11.35% |
| > 700 to <=725 | 10.55%-11.05% | 11.15%-11.65% |
| > 650 to <=700 | 10.75%-11.25% | 11.15%-11.65% |
| upto 650 | 10.75%-11.25% | 11.15%-11.65% |
| NTC** Cibil >170 | 10.75%-11.25% | 11.15%-11.65% |
| NTC** Cibil <=170 | 10.75%-11.25% | 11.15%-11.65% |
For Loan Amount above Rs 35 lakh
| Credit Score | Interest Rates (p.a.) | |
| Salaried Professionals | Business Owners | |
| >= 800 | 9.50%-10.00% | 9.55%-10.05% |
| >775 to 799 | 9.90%-10.40% | 10.40% to 10.90% |
| >750 to <=775 | 10.05% to 10.55% | 10.75% to 11.25% |
| > 725 to <=750 | 10.40% to 10.90% | 10.9% to 11.4% |
| > 700 to <=725 | 10.75% to 11.25% | 11.35% to 11.85% |
| > 650 to <=700 | 10.95% to 11.45% | 11.35% to 11.85% |
| upto 650 | 10.95% to 11.45% | 11.35% to 11.85% |
| NTC** Cibil >170 | 10.95% to 11.45% | 11.35% to 11.85% |
| NTC** Cibil <=170 | 10.95% to 11.45% | 11.35% to 11.85% |
Unnati Home Loan
| Profile | Interest Rate (p.a.) |
| Salaried | 11.75% |
| Self-employed Non Professionals | 13.00% |
Note: For Top up Loans, 1% would be levied extra
Roshni Home Loan
| Profile | Interest Rate (p.a.) |
| Salaried | 10.50%-13.00% |
| Self-employed Non Professionals | 11.75%-14.50% |
Compare PNBHFL Home Loan Interest Rates with Other Lenders
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
| SBI | 8.50% - 10.15% | 8.50% - 10.05% | 8.50% - 10.05% |
| HDFC | 8.50% - 10.35% | 8.50% - 10.60% | 8.50% - 10.70% |
| LIC Housing Finance | 8.45% – 10.10% | 8.45% – 10.30% | 8.45% – 10.50% |
| ICICI Bank | 9.00%-9.80% | 9.00%-9.95% | 9.00%-10.05% |
| Kotak Mahindra Bank | 8.85% onwards | 8.85% onwards | 8.85% onwards |
| PNB Housing Finance | 8.50% - 14.50% | 8.50% - 13.00% | 8.50%-10.85% |
| Punjab National Bank | 8.65%-9.60% | 8.60%-9.50% | 8.60%-9.50% |
| Bank of Baroda | 8.50% - 10.65% | 8.50% - 10.65% | 8.50% - 10.90% |
| Union Bank of India | 8.75% – 10.75% | 8.75% – 10.95% | 8.75% – 10.95% |
| IDFC First Bank | 8.85% onwards | 8.85% onwards | 8.85% onwards |
| L&T Housing Finance | 8.65%-8.75% | 8.65%-8.75% | 8.65%-8.75% |
| Bajaj Housing Finance | 8.70% onwards | 8.70% onwards | 8.70% onwards |
| Tata Capital | 8.95% onwards | 8.95% onwards | 8.95% onwards |
| Federal Bank | 10.15%-10.20% | 10.20%-10.25% | 10.25%-10.30% |
PNBHFL Home Loan Processing Fees & Charges
| Particulars | Charges |
| Processing fees | 0.5% of loan amount subject to a min. of Rs. 10,000 |
| Part or Full Prepayment Charges | On the floating rate of interest by the individual borrower: No charges On the floating rate of interest by non-individual borrower being applicant or co-applicant: 2% of principal prepaid On the fixed rate of interest by the individual borrower: 3% of principal prepaid; if prepayment is my own source then no fee is applicable On the fixed rate of interest by non-individual borrower being applicant or co-applicant: 3% of principal prepaid |
| Cheque/NACH Mandate Form return | Rs. 500 |
| CERSAI Fees | For loans disbursed after January 31, 2016: Rs. 100 For loans disbursed prior to January 31, 2016: Rs. 500 |
| Conversion of Rate of Interest | Floating to Floating Rate of Interest: 0.50% of principal outstanding Fixed to Floating Rate of Interest: 2% of principal outstanding |
| Overdue Charge | 2% per month on overdue payment |
| Legal/Recovery/Title Search Fees | As per actuals |
Also know home loan processing fees charged by lenders offering home loans
Types of PNB Housing Finance Home Loan
Home Purchase Loan
Purpose: Regular home loan scheme for purchase, development and expansion of residential properties
Home Construction Loan
Purpose: Home construction loans are offered to applicants for construction of residential properties.
Home Extension Loan
Purpose: Home Extension Loans can be availed by individuals planning to add more space to their existing house
Home Improvement Loan
Purpose: Home improvement loans for complete renovation/upgradation/repair/tiling/flooring/roofing/water-proofing/plumbing/false-ceiling/electrical work/wood work of existing residential property
PNBHFL Residential Plot Loan
Purpose:
Home loan applicants can avail Plot loan for financing the purchase of residential plot in urban areas.
Home Loan for NRIs
Purpose: Home loans offered to NRIs and Person of Indian Origin for purchase, construction, improvement, and renovation of residential property in India
PNBHFL Unnati Home Loan
Purpose: For individuals with or without a formal income proof but have sufficient income to serve the obligations
Loan Amount: Up to Rs 35 lakh
LTV Ratio: Up to 90% of property value
Tenure: Up to 30 years
PNBHFL Roshni Home Loan
Purpose: Affordable housing loan scheme for applicants who are new to credit or self-employed with informal income from a low/middle income group and with a monthly household income of at least Rs 10,000
Loan Amount: Up to Rs 30 lakh
LTV Ratio: Up to 90%
Tenure: Up to 30 years
Eligibility Criteria for PNB Housing Finance Home Loan
- Salaried/Self-employed Professional/Self-employed Non-Professional
- Age: 21-70 years
- Nationality: Indian Resident, NRI, PIO
- Minimum Work Experience: 3 years
- Credit Score: 611 and above
Eligibility For PNB HFL Unnati Home Loans
- Employees of stable and local business entity such as petrol pump, jewellery shop, garment shop, etc.
- Employer’s business can be a partnership/proprietorship/private limited/limited company/trust, etc.
- Self-employed applicants with no formal income proof but sufficient income to serve the EMI
Eligibility For PNB HFL Roshni Home Loans
- Maximum age of the applicant at the time of loan maturity should not exceed 70 years
- Salaried individuals of local or stable business entity are eligible for Roshni Home Loans. The company of the employer can be sole proprietorship, partnership, private limited company and trust
- Self-employed individuals from a low/middle income group with informal income and household earning as low as Rs 10,000 are also eligible for such loans
Also know the home loan eligibility set by top lenders
Documents Required for Loan Application
For Developer property (Direct Allotment from the Developer)
- Allotment letter,
- Payment receipt,
- Builder buyer agreement,
- Permission to mortgage from the respective authority
For Resale Property
- Agreement to sell
- Approved map of the property
- All prior deeds from the first allotment of the property
- Possession certificate and land tax receipt from relevant authorities
- Sale deed/Conveyance deed in favor of the seller
- Builder or society provided No Objection Certificate
For Housing Loan
For Salaried
- Address proof –Aadhar card, Telephone Bill, Ration Card, Election Card, Passport, Driving Licence, Any other Certificate from Statutory Authority
- Age Proof – PAN Card, Passport, Any other Certificate from Statutory Authority
- Income Proof – salary slips of last 3 months, latest 6 months’ bank statement, Form 16 for last 2 years
For Self Employed
- Age Proof – Passport, PAN Card, Any other Certificate from Statutory Authority
- Address proof – Aadhar card,Driving Licence, Telephone Bill, Passport, Election Card, Ration Card, Any other Certificate from Statutory Authority,
- Income Proof – Pertaining to business and ITR, such as proof of business existence, accountant-certified balance sheets, last 3 years’ income tax returns, and last 12 months’ bank account statement
Also know the documents required for home loans
PNB HFL Home Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
FAQs
1. What is the minimum credit score required by PNB Housing for availing home loans?
Ans. The home loan applicants need to have a minimum credit score of 611 for availing home loans from PNB Housing Finance.
2. Can I take two home loans at the same time?
Ans. Yes, you can take two home loans at the same time. However, you need to have adequate repayment capacity for repaying two home loans.
3. How long does it take for the approval of home loan?
Ans. PNB Housing usually takes 5-7 days for the approving home loan applications. However, if the applicant fails to present the income or property documents, the approval process might get delayed.
4. Can I get a joint home loan from PNB Housing Finance?
Ans. Yes, you can apply for a joint home loan with your immediate family member at PNB Housing Finance. Joint home loans are more likely to get approved than individual home loans. Availing joint home loan can also help in availing higher income tax benefit.
5. Can a higher credit score help in availing home loan at lower interest rates?
Ans. Yes, PNB Housing Finance sets lower home loan interest rates for applicants having higher credit score. For eg., PNB Housing Finance has set lowest interest rate slabs for applicants having credit scores of 800 and above whereas the highest rate slabs have been set for applicants having credit scores of 650 and lower.