Punjab National Bank Home Loan

Home Punjab National Bank Punjab National Bank Home Loan
loadingApply for Home Loan Starting @ 7.95%*
loading

PNB Home Loan @ Lowest Rates

  • Interest Rate: 7.95% onwards
  • Loan Amount: Rs. 10 Lakh (minimum)
  • Loan Tenure: Upto 30 years
  • Processing Fees: Upto 0.35%

Apply for Home Loan Starting @ 7.95%*

Error: Please select loan amount
Digit Only
Note: It will help you to get best loan offers
Error: Please enter valid Rate of Interest
Digit Only
Note: Income is required to check your loan amount eligibility.
Error: Please valid monthly income
Error: Please select current city
0 / 10 Digits +91
Note: We may verify this number later using OTP.
Error: Please enter valid Mobile Number
0 / 6 Digits
Error: This is mandatory. We need to check availability of service in your area
City: Delhi
Error: Enter a valid Full Name
Error: Enter a valid Email Address
Error: Date of Birth is required
Error: PAN is required

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :21/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CIBIL TERMS AND
CONDITIONS

To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Paisabazaar (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.

B. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.

C. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.

D. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL

E. I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company.

F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Paisabazaar authorizing Paisabazaar to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Paisabazaar to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Paisabazaar to obtain my Consumer Credit Information.

G. I understand that in order to deliver the product to me, I hereby authorize Paisabazaar, to obtain my Consumer Credit Information from TUCL.

H. By submitting this registration form, I understand that I am providing an express adhoc one-time written instructions for Paisabazaar to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Paisabazaar account. I further authorize Paisabazaar to retain a copy of my information for use in accordance with the terms of use of this service, Paisabazaar’s Terms of Use and Privacy Policy.

I. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

J. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Company . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.

K. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Yours faithfully,
Name :

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :21/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EQUIFAX TERMS AND
CONDITIONS

I Mr./Ms. -------------------- ---------------------residing at ------------------------ ---------------------------------------- do hereby authorise Paisabazaar Team ,to do all acts on my behalf as may be necessary including to execute/sign application(s), make payment of applicable fees* and generally to all other acts as may be necessary to receive, on my behalf and at my request, my Credit Information Report (CIR) from Equifax Credit Information Services Private Limited("Equifax") at the following address/email id:

I hereby confirm that all the powers hereby conferred may be exercised by officer(s) or manager(s) / agent(s) / employees of the Paisabazaar who is duly authorized by the Paisabazaar.

I hereby confirm, agree, undertake and accept that I shall at all times be solely responsible for all the above actions and omissions of the Paisabazaar shall be binding on me as though such actions had been carried out by me directly. I further confirm that my CIR shall be used only for the purpose as mentioned in the attached standard terms and conditions and I shall be solely liable for, and indemnify and hold harmless Equifax for and against, any and all third party claims or damages or proceedings of any kind, arising from or in connection with (a) any misrepresentations, incorrect information or omission of any critical information in my application, or (b) furnishing my CIR based on this authorization letter, and shall not at any time hold Equifax or its affiliates and their respective officers, directors, employees or representatives liable in this respect.

I hereby also confirm that I have only appointed Paisabazaar to be my authorized agent/representative for collection of my CIR.

I undertake to keep Equifax intimated and informed at all times, of any renewals or termination of the authorization to Paisabazaar or any amendments, modifications or changes in the terms governing the obligations or my relationship with Paisabazaar.

I shall at all times co-operate with Equifax and execute and deliver to Equifax such instruments and documents and take such other actions as may be required by Equifax from time to time in connection with this authority letter.

By signing on this authorization letter, I hereby acknowledge and accept the Standard Terms and Conditions mentioned above.

Date : 21/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :21/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EXPERIAN TERMS AND
CONDITIONS

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM EXPERIAN.

YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PAISABAZAAR AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU HEREBY ALSO AGREE AND ACKNOWLEDGE THAT FOR PAISABAZAAR TO SERVICE YOU AS A CUSTOMER, THE CREDIT INFORMATION SHALL BE SHARED BY EXPERIAN WITH YOU AND PAISABAZAAR ON A MONTHLY BASIS. YOU FURTHER ALSO AGREE AND CONSENT TO RECEIVE SUCH CREDIT INFORMATION DIRECTLY FROM EXPERIAN AND ALSO THROUGH YOUR PAISABAZAAR ACCOUNT AS PER YOUR INDEPENDENT REGISTRATION WITH PAISABAZAAR.

Please read the Terms and Conditions of this document carefully before accepting. By clicking on the "I ACCEPT" button below, you are expressly agreeing to access the Experian Credit Information Report and Credit Score (as defined in the Important Information Section below) (together referred as "Credit Information") and share a copy of the Credit Information with Paisabazaar in the "as is" format. Please click on the link below to read and understand the Important Information section below.

** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PAISABAZAAR/ We/ Us can only access your Credit Information as your authorized representative and we shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

We shall protect and keep confidential the Credit information both online and offline and use best in class security measures in line with applicable laws. The Credit Information shared by You, or received on your behalf shall be destroyed, purged, erased promptly upon the earlier of: (i) your written request to terminate this relationship with Paisabazaar (ii) the completion of provision of the Services by us to you.

Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
"Credit Information Report" means the credit information / scores / aggregates / variables or reports which shall be generated by Experian;
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED IMPORTANT INFORMATION AND CLICK ON "ACCEPT" FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH YOU AND PAISABAZAAR, IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING "ACCEPT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN. THE TERMS AND CONDITIONS MENTIONED HEREIN MAY CHANGE IN ORDER TO COMPLY WITH GOVERNING LAWS OF THE COUNTRY AND THE CONSUMER SHALL BE BOUND TO ANY CHANGES TO THIS AGREEMENT

Name :
Date : 21/01/2020

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :21/01/2020

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CRIF HIGH MARK TERMS
AND CONDITIONS

This End User Agreement (the "Agreement") is made between you (the "User" or "You") and Paisabazaar Marketing and Consulting Pvt Ltd ("PaisaBazaar"), a private limited company having its registered office at Plot No 119, Sector-44, Gurgaon-122001, Haryana ("PAISABAZAAR", "Us" or "We", which term shall include its successors and permitted assigns). The User and PAISABAZAAR shall be collectively referred to as the "Parties" and individually as a "Party".

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared by you, or received on by us on your behalf shall be destroyed, purged, erased promptly upon request from the consumer or the consumer withdrawing the consent to retain such credit information / reports by deleting/deactivating the consumers account with Paisabazaar.

Governing Law and Jurisdiction Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
" Business Day" means a day (other than a public holiday) on which banks are open for general business in Gurgaon and Mumbai.
" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
" Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by CRIF High Mark.
" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
ONLINE SUBMISSION - DOES NOT REQUIRE SIGNATURE AND EXECUTION"

Name :
Date :21/01/2020

More

There is some technical issue. Please try again later.

By submitting this form, I agree to Terms of Use

*Offers are from Paisabazaar's partner Banks & NBFCs.

OTP Verification

Verify your mobile

Please enter the OTP we sent via SMS

Didn’t receive your OTP? Send it again
Updated: 06-01-2020 10:45:59 AM
PNB Home Loan 2020
Interest Rate7.95% onwards
Loan AmountUp to Rs. 1 crore
Loan TenureUp to 30 years
Processing Charges0.35% of loan amount + GST

Note:The figures given in the table are indicative and are subject to change as per changes in loan schemes provided by Punjab National Bank or changes in RBI’s policy. 

Punjab National Bank (PNB) home loan interest rates start from 7.95%. The maximum loan amount offered under PNB housing loan is Rs. 1 crore. PNB offers multiple housing loan schemes to help individuals fulfil their varied fund requirements. In addition to benefits, such as longer loan tenure and quick approvals, the bank also offers interest concession of 0.05% to women borrowers.

Read Also: Home Loan Benefits for Women Borrowers

Table of Contents:

PNB Home Loan – Features & Benefits

  • Wide variety of home loan schemes to suit every customer’s fund needs
  • Attractive repo- linked home loan interest rates starting from 7.95% p.a.
  • Loan amount available is up to Rs. 1 crore
  • Longer repayment period extending up to 30 years
  • No prepayment penalty for floating rate home loans
  • Overdraft and top up facility for all borrowers
  • Multiple loan repayment options to suit customers’ needs

Also Read: Home Loan Tax Benefits

PNB Home Loan Interest Rates

The current repo rate-linked PNB home loan interest rate is 7.95% onwards, which is the lowest home loan rate in India. As on date, the PNB’s Repo Linked Lending Rate (RLLR) is 7.80% w.e.f. 05.10.2019. For existing borrowers, the current 1-year Marginal Cost of funds based Lending Rate (MCLR) offered by PNB is 8.15%.

Note: From October 1, 2019, the RBI had made it mandatory for all banks to link their retail and MSME loan rates to repo rate.

The applicable Punjab National Bank Home Loan interest rates on various schemes are:

PNB Home Loan SchemesRepo linked PNB Home Loan Interest Rates
Up to Rs. 30 lakhAbove Rs. 30 lakh & up to Rs. 75 lakhAbove Rs. 75 lakh
PNB Home Loan
(Floating Rate)		For Women* : 7.95%
For Others: 8.10%		For Women* : 8.20%
For Others: 8.35%		For Women* : 8.30%
For Others: 8.45%
PNB PRIDE**
(Floating Rate)		7.95%8.20%8.30%
PNB Max Saver***For Women: 8.20%
For Others: 8.10%		For Women* : 8.45%
For Others: 8.60%		For Women* : 8.55%
For Others: 8.70%
PNB Max Saver*** PNB Pride**8.20%8.45%8.55%
PNB Home Loan
(Fixed Rate)		For Women: 8.50%
For Others: 8.55%		For Women: 8.50%
For Others: 8.55%		For Women: 8.55%
For Others: 8.60%
PNB PRIDE**
(Fixed Rate)		8.50%8.50%8.55%
Home Loan Overdraft
(Floating Rate)		9.35%

*Women should be the sole applicant or one of the co-applicants for home loan and also the sole owner or one of the co-owners of the property proposed to be financed by the bank.
**PNB PRIDE is for Central/State Government Employees/Defence Personnel & Para Military Forces.
***PNB Max Saver is housing loan in the form of overdraft with reducing drawing power.

Check Also: Compare Home Loan Interest Rates from Top Providers

PNB Home Loan – Fees & Charges

Apart from PNB home loan interest rates, Punjab National Bank home loans include a few other charges. Some of these fees and charges are:

Processing feesUp to 0.35% of the loan amount + GST
Documentation chargesUp to Rs. 2,500
Security Verification/Inspection ChargesRs. 250 + GST

Note: The figures given in the table are indicative and are subject to change without prior information.

PNB Home Loan EMI Calculator

Home loans are expensive and a long-term commitment extending usually up to 30 years. If not managed properly, home loans can cause financial stress in the long run, thereby, increasing the chances of home loan default. To manage your PNB home loan EMIs smartly and plan your finances in advance, use Paisabazaar’s Home Loan EMI Calculator. The online home loan calculator helps users to know their home loan EMIs beforehand, which helps them plan their budget for the entire loan tenure, ensuring timely loan repayments. The home loan calculator is easy to use and gives accurate results.

PNB housing loan EMI depends on factors like interest rate, loan amount and loan tenure. The table below illustrates the change in home loan EMIs in case there is a change in the loan amount and loan tenure. The home loan interest rate is constant at 7.95% p.a. for all the scenarios.

Loan AmountEMIs as per Different Loan Tenures
15 years20 years30 years
Rs. 40 lakhRs. 38,111Rs. 33,333Rs. 29,211
Rs. 60 lakhRs. 57,166Rs. 50,000Rs. 43,817
Rs. 80 lakhRs. 76,221Rs. 66,666Rs. 58,423
Rs. 1 croreRs. 95,277Rs. 83,333Rs. 73,028

In the table, one can notice that home loan EMIs increase with the increase in the loan amount. Also, with the increase in the loan tenure, the loan EMI decreases. But always keep in mind that an increase in loan tenure might decrease your monthly instalments but it would also increase the total interest pay-out.

PNB Home Loan Eligibility

PNB offers several home loan products, each having its own eligibility criteria. Customers planning to apply for PNB Home Loan must check the home loan eligibility criteria to avoid any loan rejection. The common PNB Home Loan Eligibility is given as below:

Borrower ProfileIndian Residents/NRIs/PIOs
Employment TypeSalaried/Self Employed
AgeMinimum age limit: 18 years
Maximum age limit: 70 years; 50 years (for PNB Flexible Housing Loan)
Credit Score750 and above
IncomeShould have regular source of income

Read Also: Home Loan Eligibility Calculator

PNB Home Loan Documents Required

PNB Home Loan Documents for Salaried:

  • Duly filled in home loan application form along with photograph
  • Proof of Identity such as Aadhaar Card, PAN Card, Passport, Driving License and Voter’s ID Card
  • Proof of Residence such as Aadhaar Card, Passport, Driving License and Voter’s ID Card
  • Proof of Age such as Aadhaar Card, PAN Card, Passport, Birth Certificate, Driving License and Voter’s ID Card
  • Proof of Educational Qualification
  • Proof of Income: Salary certificate issued by the employer (indicating gross and net salary)/Income Tax Return
  • Bank Statement of salary account of past six month

PNB Home Loan Documents for Self Employed:

  • Duly filled in home loan application form along with photograph
  • Proof of Identity such as Aadhaar Card, PAN Card, Passport, Driving License and Voter’s ID Card
  • Proof of Residence such as Aadhaar Card, Passport, Driving License and Voter’s ID Card
  • Proof of Age such as Aadhaar Card, PAN Card, Passport, Birth Certificate, Driving License and Voter’s ID Card
  • Proof of Educational Qualification
  • Proof of Income for Agriculturist: Record of land holding & cropping pattern or any other proof of income
  • Proof of Income for Other Self Employed: Last 3 years’ Income Tax Return or Assessment Order & Computation of Income Statement
  • Bank Statement of account for last six months

Additional documents:

  • Income proof of spouse/earning children/joint borrowers (if applicable)
  • Property documents as required

Note: The above list of documents is only indicative. The bank might ask for other documents and proofs to process your home loan application.

Check: List of Home Loan Documents Required

PNB Home Loan Schemes

Punjab National Bank offers a variety of home loan products, including PNB Max Saver, PNB Flexible Housing Loan and PNB Pride Housing Loan. The bank offers home loans above Rs. 75 lakh at attractive interest rates starting at 7.95% p.a.

Housing Loan for PublicPNB Max SaverPNB Pride Housing Loan
PNB Gen-Next Housing Finance Scheme For PublicPradhan Mantri Awas Yojana-CLSS

Read Also: Types of Home Loan

PNB Housing Loan for Public

‘Housing Loan for Public’ housing loan scheme can be availed for the construction of a house/flat, purchase of a new house/flat, renovation of existing house/flat and purchase of residential land/plot.

Loan AmountUp to Rs. 1 crore
Interest Rate7.95% – 8.45%
Loan TenureUp to 30 years
Margin*Housing Loan up to Rs. 75 lakh – 20%
Housing Loan Above Rs. 75 lakh – 25%
Purchase of Land/Plot for House Building – 25%

*Charges such as stamp duty, registration charges and other documentation charges shall be borne by the borrower and shall not be considered towards margin money. However, such charges may be added to the cost of the house/dwelling unit for the purpose of calculating LTV ratio in cases where the cost of the house/dwelling unit does not exceed Rs. 10 lakh.

PNB Max Saver

PNB Max Saver is a housing loan in the form of an overdraft. The loan scheme provides the benefit of substantial savings on the home loan interest. Borrowers can deposit their surplus funds in the overdraft account and withdraw the same up to the drawing power as per their choice and needs. Customers can avail the scheme for all purposes as described under Housing Finance scheme except for the purchase of land/plot.

An existing housing loan borrower desirous of availing loan under this variant should have a regular home loan account, no outstanding inspection irregularity, complete disbursement and repayment should have started.

Loan AmountRs. 10 lakh – Rs. 1 crore
Interest Rate8.20% – 8.70%
Loan TenureUp to 30 years
Margin*Housing Loan Up to Rs. 75 lakh – 20%
Housing Loan Above Rs. 75 lakh – 25%
Purchase of Land/Plot for House Building – 25%

*Charges such as stamp duty, registration charges and other documentation charges shall be borne by the borrower and shall not be considered towards margin money. However, such charges may be added to the cost of the house/dwelling unit for the purpose of calculating LTV ratio in cases where the cost of the house/dwelling unit does not exceed Rs. 10 lakh.

PNB Pride Housing Loan

PNB Pride Housing Loan is for permanent Central & State Government Employees, Defence Personnel and Para Military Forces. Eligible customers can apply for the loan individually or jointly. It can be availed for the purchase of new house/plot/flat, construction of a new house, renovation/repair of an existing house/flat.

Loan AmountMinimum Rs. 10 lakh
Interest Rate7.95% – 8.30%
Loan TenureUp to 30 years
Margin*Housing Loan Up to Rs. 75 lakh – 20%
Housing Loan Above Rs. 75 lakh – 25%
Purchase of Land/Plot for House Building – 25%

*Charges such as stamp duty, registration charges and other documentation charges shall be borne by the borrower and shall not be considered towards margin money. However, such charges may be added to the cost of the house/dwelling unit for the purpose of calculating LTV ratio in cases where the cost of the house/dwelling unit does not exceed Rs. 10 lakh.

PNB Gen-Next Housing Finance Scheme for Public

This loan product is for Gen-Next salaried class borrowers and PSBs/PSUs/Govt. employees. The loan can be availed for house purchase and house construction. PNB home loan borrowers must obtain term insurance of an amount at least equal to the loan amount. The cost of premium may be financed at the option of the borrower(s). The same shall be over and above the extent of loan, at prescribed margin, for which the customer is otherwise eligible and subject to maintenance of LTV ratio and repaying capacity of the borrower.

Loan AmountMinimum Rs. 20 lakh
Interest Rate7.95% – 8.30%
Loan TenureUp to 30 years
Margin*Housing Loan up to Rs. 75 lakh – 20%
Housing Loan Above Rs. 75 lakh – 25%
EligibilityAll salaried employees must have minimum 3 years of work experience
Co-borrower will also be salaried class
The age of the applicable can be up to 40 years**
The minimum net monthly salary should be Rs. 35,000

*Charges such as stamp duty, registration charges and other documentation charges shall be borne by the borrower and shall not be considered towards margin money. However, such charges may be added to the cost of the house/dwelling unit for the purpose of calculating LTV ratio in cases where the cost of the house/dwelling unit does not exceed Rs. 10 lakh.

**In case of multiple borrowers whose income has been taken for arriving at the loan eligibility and repaying capacity, one borrower must be at-least up to the age of 40 years and others may be up to the age of 45 years. Further, where income of the applicants is not being taken for arriving at the loan eligibility and they are owner/co-owner in the property, they are to be made co-borrower under this scheme without referring his/her age.

PNB Pradhan Mantri Awas Yojana – Credit Linked Subsidy (PMAY-CLSS)

PMAY-CLSS is a government scheme that offers interest subsidy on housing loans. Beneficiary families falling under the income groups – Economically Weaker Section (EWS), Lower Income Group (LIG) and Middle Income Group – can enjoy subsidised amount of up to Rs. 2.67 lakh under PMAY scheme through PNB.

 More About PMAY Scheme
All about PMAYPMAY List
How to Apply for PMAYPMAY Application Status
PMAY UrbanCLSS
How to Avail Pmay SubsidyPMAY Eligibility

How to Apply for PNB Home Loan

You can apply for PNB Home Loan online at Paisabazaar.com by following these steps:

  • Click here to begin with the loan application process
  • Fill out the information in the required fields and accept the given terms & conditions
  • Provide more details and proceed
  • A few home loan offers for which you are eligible will appear. Compare your options and apply for a home loan which suits your needs the best

PNB Home Loan Customer Care

To get your PNB Housing Loan related queries or complaints resolved, contact the bank through the following ways:

PNB Official Website: Customers can register their complaints or place service request on the bank’s website by submitting a duly filled CGRMS form. Click here to get started with the process.

PNB Home Loan Customer Care Numbers: Customers can also call on the following numbers to register their complaints or get a query resolved:

PNB Home Loan Toll-free Customer Care Numbers

1800 180 2222
1800 103 2222

PNB Home Loan Other Customer Care Numbers

Tolled Number: 0120-2490000
Landline: 011-28044907

PNB Home Loan Customer Care Email ID

care@pnb.co.in

PNB Postal Address

PNB Corporate Office Postal Address:
Punjab National Bank,
Plot No 4, Sector -10,
Dwarka, New Delhi -110075

PNB Home Loan FAQs

What is the maximum loan tenure for PNB home loan?

PNB offers its customers the flexibility to repay their home loans up to a maximum period of 30 years.

What is the benchmark applicable for PNB housing loan?

The PNB home loan interest rates are linked to RBI’s repo rate, an external banchmark.

Are there any tax benefits on PNB home loan?

As per the Indian Income Tax Act, 1961, all tax-paying Indian residents are eligible for home loan tax benefits on the principal repayment and interest amount of housing loans under Sections 24(b) and 80C of the Income Tax Act.

How to increase PNB home loan eligibility?

To increase your PNB home loan eligibility, you can add an earning co-applicant. The combined income of both the applicants will help you increase your loan eligibility.

What is the maximum loan amount a customer can get against his/her salary?

The loan amount that a customer can get on his/her salary depends on his/her repayment capacity, which is determined by age, number of dependents, education qualification, current liabilities, credit history, etc.

What is the security required to avail PNB home loan?

Security required for PNB home loan is charged by way of an equitable mortgage of the property to be financed.

How can a customer repay PNB housing loan?

Customers may either issue post-dated cheques or give standing instructions to their banker to pay the instalments through ECS (Electronic Clearing System) from your Non-Resident (External) Account / Non-Resident (Ordinary) Account in India. Cash payments are not accepted by the bank.

Did you find this article helpful? Rate it.

Punjab National Bank Home Loan
(4.9/5 ) 33 Reviews
Write a review
May 27 , 2019
5/5
Maximum loan tenure

I got a 30 year tenure to clear my liability with ease at PNB.

May 27 , 2019
5/5
Minimum loan tenure

I applied for a minimum tenure of 5 years for my PNB home loan.

May 27 , 2019
5/5
Maximum loan amount

I needed 10 crores for my dream home and got the PNB loan approved.

May 27 , 2019
5/5
Minimum loan amount

I applied for a minimum loan of 10 lakhs at PNB and got it approved.

May 27 , 2019
4/5
Fixed Interest Rate

It was easy for me to plan my future expenses with fixed EMI at PNB.

May 27 , 2019
5/5
Floating Interest Rate

Floating interest helped me to save more when the PNB interest slashed.

May 27 , 2019
5/5
Interest Rate

I got an option to choose from fixed and floating interest rate with PNB.

May 21 , 2019
5/5
Pre approved home loan

I had a pre approved home loan available on my account which made the process easy.

View All Reviews
Menu