PNB HFL Home Loan 2020 | |
| Interest Rate | 8.60% 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: The figures given in the table are indicative and are subject to change as per changes in PNB HFL’s home loan schemes or RBI policy.
PNB Housing Finance Ltd. (PNB HFL) is a registered Housing Finance Company (HFC) that offers home loans at floating rate of interest ranging from 8.60% to 9.70% p.a. Both salaried and self-employed professionals can avail PNB HFL home loans for the purchase, repair, extension, construction and improvement of houses.
Table of Contents
- PNB HFL Home Loan Features & Benefits
- PNB HFL Home Loan Interest Rates
- PNB HFL Home Loan Processing Fees & Charges
- PNB HFL Home Loan EMI Calculator
- PNB HFL Home Loan Eligibility
- PNB HFL Home Loan Documents Required
- PNB HFL Home Loan Schemes
- How to Apply for PNB HFL Home Loan
- PNB HFL Home Loan Customer Care
- PNB HFL Home Loan FAQs
PNB HFL Home Loan Features & Benefits
- Attractive home loan interest rates starting from 8.60% p.a.
- Longer repayment period extending up to 30 years
- Extensive range of home loan schemes to suit customers’ loan requirements
- Multiple loan repayment options to suit customers’ needs
- Easy and quick home loan approval and disbursal of loans
- Multiple loan repayment options
PNB HFL Home Loan Interest Rates
Current PNB Housing Finance Home Loan interest rate starts from 8.60%. PNB Housing offers home loans at floating rate of interest, linked to its benchmark rate PNBHFR. Change in the PNBHFR will affect the PNBHFL home loan rates.
Compare PNB HFL home loan interest rates for various loan schemes
| PNBHFL Home Loan Schemes | Interest Rate For Salaried | Interest Rate for Self-employed Professionals | Interest Rate for Self-employed Non Professionals |
| Home Purchase Loan | 8.60%-9.45% | 8.60%-9.45% | 9.20%-9.70% |
| Home Construction Loan | 8.60% onwards | ||
| Home Extension Loan | 8.60% onwards | ||
| Home Improvement Loan | 9.10% – 11.25% | 9.10% – 11.25% | 9.30% – 12.50% |
| Residential Plot Loan | 9.95% – 10.45% | 9.95% – 10.45% | 10.20% – 10.70% |
| Loan for NRIs | 9.25% – 11:00% | 9.25% – 11:00% | 9.50% – 11:50% |
| Unnati Home Loan | 10.75% | 10.75% | 12.00% |
PNB HFL Home Loan Processing Fees & Charges
| strong>Particulars | Charges |
| Processing fees | 1% of loan amount subject to a min. of Rs. 10,000 |
| Part or Full Prepayment Charges | On floating rate of interest by individual borrower: No charges On floating rate of interest by non-individual borrower being applicant or co-applicant: 2% of principal prepaid On fixed rate of interest by individual borrower: 3% of principal prepaid; if prepayment is by own source then no fee is applicable On 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 HFL Home Loan EMI Calculator
PNB Housing Finance Home Loan EMI Calculator helps you know the amount you will have to pay every month as loan installments. Instead of using a lender-specific home loan calculator, use the Paisabazaar home loan EMI calculator to know your EMI amount for free. The online tool is easy to use and gives quick results based on key home loan input values regarding the loan amount, interest rate and tenure. To get the most suitable EMI for yourself, try multiple combinations of these loan parameters. Click to calculate your PNB Housing Finance Home Loan EMI.
PNB Housing Finance Home Loan EMI Calculation
The table below shows PNB Housing Finance Home Loan EMI calculation for different interest rates, loan amounts and loan tenures:
| Loan Amount | Interest Rate | EMIs as per Different Loan Tenures | ||
| 15 years | 20 years | 30 years | ||
| Rs. 30 lakh | 9.00% | Rs. 30,428 | Rs. 26,992 | Rs. 24,139 |
| Rs. 60 lakh | 9.50% | Rs. 62,653 | Rs. 55,928 | Rs. 50,451 |
| Rs. 90 lakh | 9.75% | Rs. 95,343 | Rs. 85,367 | Rs. 77,324 |
| Rs. 1 crore | 10.00% | Rs. 1,07,461 | Rs. 96,502 | Rs. 87,757 |
In the table, home loan EMIs reduce as the loan tenure increases. Longer repayment period decreases your monthly liability but it also increases your overall interest payout. Hence, choose your home loan tenure wisely. Increase in the interest rate also increases your home loan EMI.
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 Finance Home Loan must check the home loan eligibility criteria to avoid unnecessary loan rejection. The common PNB Housing Finance Eligibility Criteria is:
| 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 |
Documents Required for PNB Housing Finance Home Loan
- Duly filled and signed PNB Housing Finance home loan application form
- Passport size photographs
- Proof of Age (Any one): Aadhaar Card / PAN Card / Passport / Any other Certificate from Statutory Authority
- Proof of Identity (Any one):Aadhaar Card / PAN Card / Passport / Driving License / Voter ID Card
- Proof of Residence (Any one):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 favour of ‘PNB Housing Finance Ltd.
Click here to check list of documents required for Home Loan providers
PNB HFL Home Loan Schemes
Not all home loan requirements are the same. PNB HFL several home loan products to suit the home loan needs of varied individuals. Some of them are discussed briefly as below:
| Home Purchase Loan | Home Construction Loan | Home Extension Loan | |
| Home Improvement Loan | Residential Plot Loan | Loan for NRIs | |
| Unnati Home Loan | Pradhan Mantri Awas Yojana/CLSS | ||
Compare Best PNB HFL Home Loan Offers
PNB HFL Home Purchase Loan
PNB HFL Home Loan is for anyone who needs funds money to buy a house or a plot anywhere in India.
| Eligible Profiles | Salaried and Self Employed Individuals |
| Loan-to-Value Ratio | Up to 90% of the property value |
| Interest Rate | For Salaried & Self-employed Professionals: 8.60% – 9.45% For Self-employed Non Professionals: 9.20% – 9.70% |
| Loan Tenure | Up to 30 years |
PNB HFL Home Construction Loan
PNB Housing Finance Home Construction Loan is for the purpose of self-construction of a residential house property. Customers who already have a piece of land but need funds for constructing a house on that land can avail this type of home loan by PNB Housing Finance.
| Eligible Profiles | Salaried and Self Employed Individuals |
| Loan-to-Value Ratio | Up to 90% of the property value |
| Interest Rate | 8.60% onwards |
| Loan Tenure | Up to 30 years |
PNB HFL Home Extension Loan
PNB Housing Finance Ltd. offers Home Extension Loan for adding more space to your existing house. The loan helps you finance the expenses that may occur when you extend your existing residential property as per your growing family requirements.
| Eligible Profiles | Salaried and Self Employed Individuals |
| Loan-to-Value Ratio | Up to 90% of the property value |
| Interest Rate | 8.60% onwards |
| Loan Tenure | Up to 30 years |
PNB HFL Home Improvement Loan
Your house interiors reflect your personality and to help you upgrade it in terms of the aesthetic appeal and convenience, PNB Housing Finance offers Home Improvement Loans. The loan covers entire renovation expenses of an existing residential property.
| Eligible Profiles | Salaried and Self Employed Individuals |
| Loan-to-Value Ratio | Up to 90% of the property value |
| Interest Rate | Up to Rs. 75 lakh: 9.10% – 12.50% More than Rs. 75 lakh: 9.20% – 12.50% |
| Loan Tenure | Up to 30 years |
PNB HFL Residential Plot Loan
PNB Housing provides Residential Plot Loan for the purchase of a residential plot in an urban area.
| Eligible Profiles | Salaried and Self Employed Individuals |
| Loan-to-Value Ratio | Up to 90% of the property value |
| Interest Rate | For Salaried & Self-employed Professionals: 9.95% – 10.45% For Self-employed Non Professionals: 10.20% – 10.70% |
| Loan Tenure | Up to 30 years |
PNB HFL Loan for NRIs
PNB Housing offers a wide range of home loan products to NRIs (Non Resident Indians) and PIOs (Person of Indian Origin) for the purchase, construction, improvement and renovation of a residential property in India.
| Eligible Profiles | Salaried and Self Employed NRIs and PIOs |
| Loan-to-Value Ratio | Up to 80% of the property value |
| Interest Rate | For Salaried & Self-employed Professionals: 9.25% – 11.00% For Self-employed Non Professionals: 9.50% – 11.50% |
| Loan Tenure | Up to 30 years |
Eligibility for NRI Home Loan
- Should be an Indian citizen or a Person of Indian Origin (PIO) holding an Indian passport with 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
- Age of the applicant should not be more than 70 years at the time of loan maturity
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 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 for Unnati Home Loans
You can apply for PNB Housing Unnati Home Loan if you are:
- An individual with any Professional Degree/Diploma/Post Graduate Degree/ITI etc.
- An employee of 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.
- An individual who is earning a fixed minimum income of Rs. 10,000 per month
Note: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 if you are a salaried employee and not more than 65 years if you are a self-employed professional/non-professional
Pradhan Mantri Awas Yojana – Credit Linked Subsidy Scheme (PMAY CLSS)
Pradhan Mantri Awas Yojana – Credit Linked Subsidy Scheme (PMAY CLSS) is a government’s initiative to make buying home more affordable for people. It is a component under PMAY Urban wherein beneficiaries from different income groups can avail interest subsidy of up to Rs. 2.67 lakh for buying/constructing their first home or improving/extending an existing one (subject to a few criteria). For further details on the scheme, click here.
How to Apply for PNB Housing Finance Home Loan
To apply for PNB HFL Housing Loan online at Paisabazaar.com, follow these steps:
- Visit the Home Loan page at Paisabazaar.com
- Fill the required details
- Accept the terms and conditions
- Click on the View Best Offers button to view best home loan offers as per your eligibility
- Compare and select the offer that best suits your requirements
Once you apply for the loan offer, you will receive an acknowledgement message and a reference number on your device screen. You will also receive a call from Paisabazaar’s home loan experts to take the home loan application process forward.
PNB Housing Finance Customer Care
You can reach 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 |
PNB Housing Finance FAQs
1. Who is eligible to apply for PNB HFL home loan?
An Indian citizen, Non Resident Indian or a Person of Indian Origin can apply for PNB HFL home loan. The applicant can be salaried, self-employed professional or a businessman. PNB Housing will determine your home loan eligibility on the basis of several factors including your credit history, income, co-applicant’s income, property value, age, number of dependents, qualifications, and stability and continuity of occupation.
2. What security do I need to give to avail the PNB Housing Loan?
Home loan is a secured loan, to avail 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.
3. 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.
4. 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.
