Apply for Home Loans @ Lowest Rate
| PNB HFL Home Loan 2022 | |
| Interest Rate | 6.99% onwards |
| Loan-to-Value Ratio | Up to 90% of property value |
| Loan Tenure | Up to 30 years |
| Processing Charges | Up to 1% of loan amount + GST |
Note: Rates as on 23rd November 2021.
Table of Contents |
PNB HFL Home Loan Interest Rates 2022
For loan amount up to Rs. 35 lakh
| Credit Score | Interest Rates (p.a.) | |
| Salaried/ Self–employed professional | Self–employed non professional | |
| >= 800 | 6.99% | 7.25% |
| > 750 to < 800 | 7.35% | 7.50% |
| > 700 to < 750 | 7.45% | 7.60% |
| > 650 to < 700 | 8.35% | 8.55% |
| up to 650 | 8.55% | 8.75% |
| less than zero | 8.55% | 8.75% |
For a loan amount greater than Rs. 35 lakh:
| Credit Score | Interest Rates (p.a.) | |
| Salaried/ Self–employed professional | Self–employed non professional | |
| >= 800 | 7.15% | 7.30% |
| > 750 to < 800 | 7.40% | 7.55% |
| > 700 to < 750 | 7.70% | 7.80% |
| > 650 to < 700 | 8.55% | 8.75% |
| up to 650 | 8.70% | 8.90% |
| less than zero | 8.70% | 8.90% |
Types of PNB HFL Home Loan
| PNB Housing Home Purchase Loan |
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| PNB Housing Home Construction Loan |
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| PNB HFL Home Extension Loan |
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| PNB HFL Home Improvement Loan |
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| PNB HFL Residential Plot Loan |
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| PNB HFL Loan for NRIs |
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| PNB HFL Unnati Home Loan |
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PNB HFL Home Loan Eligibility
PNB Housing Finance offers several home loan schemes. And each scheme has its own eligibility criteria. Individuals planning to avail PNB Housing Loan must check the home loan eligibility criteria to avoid unnecessary loan rejection.
General Eligibility Criteria for PNB Housing Loan
| Borrower Profile | Indian Residents/NRIs/PIOs |
| Employment Type | Salaried/Self Employed |
| Age | 18 to 70 years |
| Credit Score | Preferably 750 and above |
| Income | Varies from case to case |
Eligibility Criteria for PNB HFL NRI Home Loan
- Should be an Indian citizen or a Person of Indian Origin (PIO) holding an Indian passport with the status of NRI on deputation/ employment/ assignment
- Should be working for at least a year in a foreign country before seeking a house loan. The condition of minimum service over one year shall not apply to people going abroad on deputation
- The age of the applicant should not be more than 70 years at the time of loan maturity
Eligibility Criteria for PNB HFL Unnati Home Loan
Unnati Home Loans by PNB Housing Finance is a unique affordable housing solution offered to individuals with low income.
| Eligible Profiles | Salaried and Self Employed Individuals |
| Loan Amount | Up to Rs. 35 lakh subject to 90% of the market value of the property |
| Interest Rate | For Salaried & Self-employed Professionals: 10.75% onwards For Self-employed Non-Professionals: 12.00% |
| Loan Tenure | Up to 30 years |
Eligibility Criteria for Unnati Home Loans
You can apply for PNB Housing Unnati Home Loan if you are:
- An employee of a local and stable business entity like Petrol Pump, Restaurant, Jewellery shops, Garments shop, etc. The employer’s business can be a proprietorship/partnership/private limited/limited company/trust etc.
- Self-employed customers who do not have formal income proof. However, you need to have sufficient income to service monthly EMIs. In all these cases, customers to have independent businesses set up
- An individual who is earning a fixed minimum income of INR 15,000 per month. This is valid for combined income also in case there is a co-applicant.
- Your age at the time of loan maturity should not be more than 70 years.
Documents Required for PNB HFL Home Loan
- Duly filled and signed home loan application form
- Passport size photographs
- Proof of Age (Anyone): Aadhaar Card / PAN Card / Passport / Any other Certificate from Statutory Authority
- Proof of Identity (Anyone):Aadhaar Card / PAN Card / Passport / Driving License / Voter ID Card
- Proof of Residence (Anyone):Aadhaar Card / Passport / Driving License / Telephone Bill / Ration Card / Election Card / Any other Certificate from Statutory Authority
- Proof of Education Qualification: A photocopy of your last degree
- Property Documents: A photocopy of Title Documents of the Property and Approved Plan
- Account Statement: Last 6 months’ bank account statements for salaried applicants. And Last 12 months’ bank account statements for self-employed applicants
- Proof of Income (For Salaried): Salary Slips of last 3 months and a copy of Form 16 for last 2 years
- Proof of Income (For Non-Salaried): Certificate & Proof of business existence along with Business Profile, IT returns for last 3 years, Balance Sheets & Profit & Loss A/c for last 3 years duly certified/audited by a Chartered Accountant
- Processing Fee cheque in favor of ‘PNB Housing Finance Ltd.
PNB HFL Home Loan Processing Fees & Charges
| Particulars | Charges |
| Processing fees | 1% 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 |
Note: The figures given in the table are indicative and are subject to change without prior information. GST might be applicable on some of the above charges.
PNB Housing Finance FAQs
Who is eligible to apply for a PNB HFL home loan?
An Indian citizen, Non-Resident Indian, or a Person of Indian Origin can apply for a PNB HFL home loan. The applicant can be a salaried, self-employed professional, or businessman. PNB Housing will determine your home loan eligibility on the basis of several factors including your credit history, income, co-applicants income, property value, age, number of dependents, qualifications, and stability and continuity of occupation.
What security do I need to give to avail of the PNB Housing Loan?
A home loan is a secured loan, to avail of it you will need to deposit title deeds and/or such other collateral security as may be decided by the lender. The title of the property that you plan to pledge as security must be clear, marketable, and free from any encumbrances.
In case of change in the floating rate of interest, what will be changed by tenure or EMI?
The EMI will be kept the same and the outstanding loan is adjusted unless you state otherwise. Under exceptional situations, the EMI is changed to support the principal repayment within a time frame.
How will the PNB HFL housing loan be disbursed?
The loan will be disbursed either in installments or as a lump sum depending on the requirements. For flats or houses under construction, it is disbursed in regular stages on the basis of the construction progress. For purchasing a flat or house on resale, the loan is paid in a lump sum.
How should I contact PNB Housing for queries and assistance?
You can reach the PNB Housing Finance Customer Care team through call, email, and post. You can also visit the nearest branch of PNB Housing Finance to get your housing loan-related queries and issues resolved. The PNB Housing Customer Care details are as follows:
| Toll-Free Number | 1800 120 8800 |
| Email ID | customercare@pnbhousing.com |
| Postal Address | PNB Housing Finance Ltd. 9th Floor, Antriksh Bhavan, 22 Kasturba Gandhi Marg, Near Connaught Place, New Delhi 110001 |
