| PNB Home Loan Details | |||
| Interest Rate | Loan-to-Value Ratio | Loan Tenure | Processing Charges |
| 7.95% onwards | Up to 90% of property value | Up to 30 years | Up to 0.35% of loan amount |
Punjab National Bank (PNB), one of the leading banking and financial companies in India, offers a wide range of customised home loan solutions to suit varied requirements of the customers. PNB home loan is available at affordable interest rates starting from 7.95%. The floating rate of interest is linked to PNB’s Repo-Linked Lending Rate (RLLR).
Table of Contents: |
PNB Home Loan Features & Benefits
Following are some of the key features and benefits associated with PNB Housing Loan.
- Extensive range of home loan schemes
- Attractive and affordable home loan interest rates
- Excellent post disbursement services
- Longer repayment period,extending up to 30 years
- Multiple loan repayment options
- Availability of loan enhancement facility in the event of escalations in cost
- Easy and quick documentation procedure
PNB Home Loan Interest Rates
The table below shows the interest rates offered by PNB, basis the nature of a customer’s profession.
| Interest Rate | 7.95% to 10.05% |
PNB Home Loan Fees & Charges
| Particulars | Fees & Charges |
| Processing Fees* | Up to 0.35% of the loan amount ● Minimum: Rs. 2,500 ● Maximum: Rs. 15,000 |
| Prepayment Charges* | 2% on outstanding pre-paid amount |
| Security Inspection/Verification Charges* | Rs. 250 |
* Goods and Services Tax (GST) as applicable will be levied in addition to the mentioned charges.
Home Loan EMI Calculator
Home loan EMI calculator facilitates easy calculation of monthly installments to be paid towards home loan repayment. As the tenure of a home loan can go up to 30 years, it is critical to stay informed and make a wiser decision while availing the loan. Paisabazaar home loan EMI calculator helps you to plan your monthly budget well in advance. It is easy-to-use and provides accurate results. Follow the steps mentioned below to calculate your home loan EMI using Paisabazaar home loan EMI calculator.
- Visit the Home Loan EMI Calculator page
- Provide the following PNB home loan details:
- Loan Amount:Enter the amount that you want to borrow from the lender
- Rate of Interest:Enter the home loan interest rate at which the lender is providing the home loan
- Loan Tenure:Enter the period till when you wish to repay the borrowed amount
After providing all the required details, your monthly installment amount will show-up automatically in the right panel
PNB Home Loan Schemes
PNB offers multiple home loan schemes for the benefit of various segments. A customer can avail his/her desired scheme as per the requirement and affordability. These schemes are:
- Housing Finance Scheme For Public – Pnb Max-Saver
- PNB Pride Housing Loan For Government Employees
- Housing Loan For Public
- Housing Loan For Public – Pradhan Mantri Awas Yojana – Housing For All
- Housing Loan For Public – Pradhan Mantri Awas Yojana – Housing For All- MIG
- PNB Gen-Next Housing Finance Scheme For Public
Housing Finance Scheme For Public – Pnb Max-Saver
This home loan scheme provides borrowers with the advantage of substantial savings on the interest component by providing the facility of depositing the surplus funds in the overdraft account.
| Eligible Profiles | Prospective borrowers and existing borrowers |
| Loan Amount | Up to 80% of the property value |
| Interest Rate | 8.20% onwards |
| Loan Tenure | Up to 30 years |
PNB Pride Housing Loan For Government Employees
This type of home loan is available at attractive interest rates and can be availed only by government employees.
| Eligible Profiles | Permanent employees of Central/State Governments/Defence Personnel & Paramilitary Forces – Individuals or Joint owners |
| Loan Amount | Up to 80% of the property value |
| Interest Rate | 8.20% onwards |
| Loan Tenure | Up to 30 years |
Housing Loan For Public
This type of loan is available at attractive interest rates to ensure the availability of a house for all.
| Eligible Profiles | Individuals or Joint owners |
| Loan Amount | Up to 80% of the property value |
| Interest Rate | 7.95% onwards |
| Loan Tenure | Up to 30 years |
Housing Loan For Public – Pradhan Mantri Awas Yojana – Housing For All
The plan ensures the availability of housing loan at attractive rates to individuals belonging to Economically Weaker Section (EWS) & Low Income Group (LIG). The plan also offers Credit Linked Subsidy benefits.
| Eligible Profiles | EWS and LIG Households |
| Loan Amount | Up to 90% of the property value |
| Interest Rate | 7.95% onwards |
| Loan Tenure | Up to 30 years |
Housing Loan For Public – Pradhan Mantri Awas Yojana – Housing For All- MIG
This plan ensures the availability of housing loan at attractive rates to individuals from the Middle Income Group (MIG) I and II categories. The plan also offers Credit Linked Subsidy benefits to the borrower.
| Eligible Profiles | Salaried and Self-employed |
| Loan Amount | Up to 80% of the property value |
| Interest Rate | 10.25% onwards |
| Loan Tenure | Up to 30 years |
PNB Gen-Next Housing Finance Scheme For Public
This type of home loan is available to Gen-Next salaried class borrowers such as IT professionals, PSBs/PSUs/Govt. employees to help them get a decent home.
| Eligible Profiles | IT professionals, PSBs/PSUs/Govt. employees with a minimum experience of 3 years and a monthly salary of Rs.35,000. |
| Loan Amount | Up to 80% of the property value |
| Interest Rate | 7.95% onwards |
| Loan Tenure | Flat 30 years |
Home Loan Eligibility Criteria
| Age | Not more than 70 years |
| Employment | ● Salaried Individuals ● Self-employed professionals—doctors, lawyers, CAs, architects, consultants, engineers and company secretaries ● Self-employed non-professionals—traders, commission agents and contractors |
To know your eligibility better, customers can use PNB Home Loan Eligibility Calculator. It is an online tool that allows one to calculate his/her eligibility basis a few basic details like gross monthly income, loan tenure, loan interest rate and on-going loan payments.
Documents Required
| Salaried Individuals | Self–Employed Individuals |
| Duly filled in and signed application form with photographs | Duly filled in and signed application form with photographs |
| Identity, address and age proofs | Identity, address and age proofs |
| Salary slip of past 3 months | ITR and financial statements, including balance sheet, profit & loss account, schedules. (documents must be certified by a CA) |
| Bank statement of past 6 months | Bank statement of the past 12 months |
| Form-16 and Income Tax Returns (ITR) details | For partnership firms: Latest partnership deed For companies: Latest Memorandum and Articles of Association (CA certificate on profit sharing ratio/list of directors/shareholding partnership) For Limited Liability Partnership: LLP Agreement |
| Title documents of the property | Title document of the property along with business address proof |
How to Apply for PNB Home Loan Online
Customers can apply online for PNB home loan through Paisabazaar website by simply following the below-mentioned steps.
- Visit the Home Loan page at Paisabazaar.com
- Fill in the necessary information about the required loan amount, the type of home loan required, etc.
- Provide more details regarding your home loan requirements and personal information, such as the cost of the property, your full name, date of birth, etc.
- Select the checkbox to agree to the terms and conditions
- Click the View Best Offers button to proceed
The best home loan offers according to your eligibility will appear on a new page to compare and select.
- Apply for the home loan scheme that suits your requirements the best
On selection, a Paisabazaar representative will contact you on the provided contact number to process your application further.
PNB Home Loan Customer Care Details
For any query related to the product, customers can contact the bank on the following numbers:
1800 180 2222,1800 103 2222 or 0120-2490000,
011-28044907
PNB Home Loan FAQs
Q1. 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.
Q2. 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.
Q3. How can a customer repay the 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.
Q4. Does the property need to be insured?
Property insurance is not mandatory, but it is suggested in order to protect your property against uncertainties like an earthquake, fire or any other damage.
