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| PNB Home Loan Highlights | |
| Interest Rate | 8.40% – 10.25% p.a. |
| Loan Amount | As per the borrower’s eligibility |
| Tenure | Up to 30 years |
| Processing Charges | NIL up to 31st March 2024 |
Note: Rates as of 7th December 2023
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Table of Contents
Punjab National Bank Home Loan Interest Rates
PNB Home Loan interest rates start from 8.40% p.a. onwards. The bank has specified differential interest rates based on the loan amount, credit score and the type of loans offered by PNB. However, many lenders may also consider the occupation profile, employer’s profile, monthly income, etc. of their applicants while setting their home loan interest rates.
PNB Housing Loan Interest Rates as per CIBIL Score
| Margin & Loan Amount | CIBIL Score | Interest Rates (p.a.) |
| For loan above Rs 30 lakh
LTV Ratio <= 80% |
800 and above |
8.40% |
| Irrespective of Loan Amount
LTV Ratio <=80% |
PNB Pride 750 and above |
8.45% |
| 700-749 | 8.90% | |
| 600-699 | 10.00% | |
| Loan Amount up to Rs 30 lakh
LTV Ratio more than 80% but up to 90% |
PNB Pride 750 and above |
8.55% |
| 700-749 | 9.00% | |
| 600-699 | 10.10% |
PNB Max Saver Interest Rates (TL & OD) as per CIBIL Score
| Margin & Loan Amount | CIBIL Score | Interest Rates (p.a.) |
| For loan above Rs 30 lakh
LTV Ratio <= 80% |
800 and above |
8.55% |
| Irrespective of Loan Amount
LTV Ratio <=80% |
PNB Pride 750 and above |
8.60% |
| 700-749 | 9.05% | |
| 600-699 | 10.15% | |
| Loan Amount up to Rs 30 lakh
LTV Ratio more than 80% but up to 90% |
PNB Pride 750 and above |
8.70% |
| 700-749 | 9.15% | |
| 600-699 | 10.25% |
PNB Housing Loan Interest Rates as per CRIF
| Margin & Loan Amount | CRIF | Interest Rates (p.a.) |
| For loan above Rs 30 lakh
LTV Ratio <= 80% |
879 and above | 8.40% |
| Irrespective of Loan Amount
LTV Ratio <=80% |
660 and above | 8.45% |
| 610-659 | 8.90% | |
| 502-609 | 10.00% | |
| Loan Amount up to Rs 30 lakh
LTV Ratio more than 80% but up to 90% |
660 and above | 8.55% |
| 610-659 | 9.00% | |
| 502-609 | 10.10% |
PNB Max Saver Interest Rates (TL & OD) as per CRIF
| Margin & Loan Amount | CRIF | Interest Rates (p.a.) |
| For loan above Rs 30 lakh
LTV Ratio <= 80% |
879 and above | 8.55% |
| Irrespective of Loan Amount
LTV Ratio <=80% |
660 and above | 8.60% |
| 610-659 | 9.05% | |
| 502-609 | 10.15% | |
| Loan Amount up to Rs 30 lakh
LTV Ratio more than 80% but up to 90% |
660 and above | 8.70% |
| 610-659 | 9.15% | |
| 502-609 | 10.25% |
PNB Housing Loan Interest Rates as per Experian
| Margin & Loan Amount | Experian | Interest Rates (p.a.) |
| For loan above Rs 30 lakh
LTV Ratio <= 80% |
812 and above | 8.40% |
| Irrespective of Loan Amount
LTV Ratio <=80% |
806 and above | 8.45% |
| 756-805 | 8.90% | |
| 618-755 | 10.00% | |
| Loan Amount up to Rs 30 lakh
LTV Ratio more than 80% but up to 90% |
806 and above | 8.55% |
| 756-805 | 9.00% | |
| 618-755 | 10.10% |
PNB Max Saver Interest Rates (TL & OD) as per Experian
| Margin & Loan Amount | Experian | Interest Rates (p.a.) |
| For loan above Rs 30 lakh
LTV Ratio <= 80% |
812 and above | 8.55% |
| Irrespective of Loan Amount
LTV Ratio <=80% |
806 and above | 8.60% |
| 756-805 | 9.05% | |
| 618-755 | 10.15% | |
| Loan Amount up to Rs 30 lakh
LTV Ratio more than 80% but up to 90% |
806 and above | 8.70% |
| 756-805 | 9.15% | |
| 618-755 | 10.25% |
PNB Housing Loan Interest Rates as per Equifax
| Margin & Loan Amount | Equifax | Interest Rates (p.a.) |
| For loan above Rs 30 lakh
LTV Ratio <= 80% |
829 and above | 8.40% |
| Irrespective of Loan Amount
LTV Ratio <=80% |
777 and above | 8.45% |
| 727-776 | 8.90% | |
| 560-726 | 10.00% | |
| Loan Amount up to Rs 30 lakh
LTV Ratio more than 80% but up to 90% |
777 and above | 8.55% |
| 727-776 | 9.00% | |
| 560-726 | 10.10% |
PNB Max Saver Interest Rates (TL & OD) as per Equifax
| Margin & Loan Amount | Equifax | Interest Rates (p.a.) |
| For loan above Rs 30 lakh
LTV Ratio <= 80% |
829 and above | 8.55% |
| Irrespective of Loan Amount
LTV Ratio <=80% |
777 and above | 8.60% |
| 727-776 | 9.05% | |
| 560-726 | 10.15% | |
| Loan Amount up to Rs 30 lakh
LTV Ratio more than 80% but up to 90% |
777 and above | 8.70% |
| 727-776 | 9.15% | |
| 560-726 | 10.25% |
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Compare PNB Home Loan Interest Rates vs Other Lenders
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh |
| SBI | 8.40% - 10.15% p.a. | 8.40% - 10.05% p.a. | 8.40% - 10.05% p.a. |
| HDFC Bank Limited | 8.35% p.a. onwards | 8.35% p.a. onwards | 8.35% p.a. onwards |
| LIC Housing Finance | 8.40% – 10.35% p.a. | 8.40% – 10.55% p.a. | 8.40% – 10.75% p.a. |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Kotak Mahindra Bank | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. |
| Punjab National Bank | 8.45%-10.25% p.a. | 8.40%-10.15% p.a. | 8.40%-10.15% p.a. |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. |
| Union Bank of India | 8.40% – 10.80% p.a. | 8.40% – 10.95% p.a. | 8.40% – 10.95% p.a. |
| IDFC First Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| L&T Finance Limited | 8.60% p.a. onwards | 8.60% p.a. onwards | 8.60% p.a. onwards |
| Bajaj Housing Finance | 8.50% p.a. onwards | 8.50% p.a. onwards | 8.50% p.a. onwards |
| Tata Capital Housing Finance | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards |
Fees and Charges of PNB Home Loan
| Processing Fee | NIL up to 31st March 2024 |
| Documentation Charges | NIL up to 31st March 2024 |
PNB Max Saver
| In case the customer has paid upfront fees and documentation charges at the time of availing housing loan | NIL up to 31st March 2024 |
| In case the customer has not paid upfront fees and documentation charges at the time of availing housing loan | NIL up to 31st March 2024 |
PNB Pride
| Processing Fee | NIL |
| Documentation Charges | NIL |
Know more about the home loan processing fees of top lenders
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Types of Punjab National Bank Home Loan
PNB Housing Loan for Public
Purpose: PNB offers Housing Loan for Public to finance purchase or construction of house/flat, for carrying out addition/repair/renovation/alteration/furnishing of existing properties, for purchasing under construction house or flat from housing boards/co-operative societies/development authorities/projects/approved private builders, for plot/land purchase for construction of home and to meet the escalation cost of under construction flats of existing home loan borrowers.
Loan Amount:
- For Plot/land purchase for house construction: Up to Rs 50 lakh
- For repair/renovation/alteration: Up to Rs 25 lakh
- For addition/construction/purchase of house or flat: Need based loan depending upon the cost of the project and repaying capacity of the home loan borrower
- Furnishing Cost: Included in the project cost with maximum up to 10% of housing loan with up to Rs 25 lakh
Tenure:
- For repair/renovation/alteration of house/flat- Up to 15 years
- For Others- Up to 30 years
LTV Ratio:
Home Loan (All variants) above Rs 75 lakh, CIC Score of 750 and above- 20%
Top-up Home Loan (CIC Score of 750 and above)/Term Loan/Overdraft- 20%
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PNB Housing Finance Scheme for Public- PNB Max Saver
Purpose: PNB Max Saver is a home loan overdraft facility wherein the existing home loan borrowers can withdraw the required loan amount from the linked overdraft account within the sanctioned overdraft limit.
Consumers can avail PNB Max Saver scheme to finance purchase or construction of house/flat, for carrying out addition/repair/renovation/alteration/furnishing of existing properties, for purchasing under construction house or flat from housing boards/co-operative societies/development authorities/projects/approved private builders and to meet the escalation cost of under construction flats of existing home loan borrowers.
Loan Amount: Rs 10 lakh onwards
PNB Pride Housing Loan for Government Employees
Purpose: Punjab National Bank offers PNB Pride Housing Loan for Government Employees to permanent employees of State Government, Central Government, Defense Personnel, Paramilitary forces, PSUs and pensioners of State/Central Government.
Loan Amount:
- For Plot/land purchase for house construction: Up to Rs 50 lakh
- For addition/construction/purchase of house or flat: As per the applicant’s requirement depending upon the cost of the project and repaying capacity of the home loan borrower
- For repair/renovation/alteration: Up to Rs 50 lakh
- Furnishing Cost: Included in the project cost with maximum up to 15% of home loan or Rs 50 lakh, whichever is lower
Tenure:
- For repair/renovation/alteration of house/flat- Up to 15 years
- For Others- Up to 30 years
LTV Ratio:
| Loan Amount | LTV Ratio |
| Up to Rs 30 lakh | 20%/15%* |
| Above Rs 30 lakh to Rs 75 lakh | 20% |
| Above Rs 75 lakh | 25% |
| For purchase of Plot/Land for home construction | 25% |
*In such cases, higher rate of interest is charged on card rates
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PNB Gen-Next Housing Finance Scheme for Public
- Purpose: Gen-Next salaried borrowers can avail ‘PNB Gen-Next Housing Finance Scheme for Public’ to raise funds for purchase of ready to move-in flat/house, for construction of house/flat and for purchase of under-construction flats from approved private builders.
- Loan Amount: Rs 20 lakh onwards
- Tenure: Flat 30 years
PNB Composite Loan
Purpose: Punjab National Bank offers Composite Loan to its applicants to finance the purchase of residential plot and construction of house on it thereon.
Loan Amount:
- Loan amount is offered depending on the repayment capacity of the borrower and cost of the project
- Loan amount for plot purchase should be less than 60% of the eligible loan amount
- Out of the total eligible loan amount, at least 40% of the loan amount should be used for home construction purposes
LTV Ratio:
|
For plot purchase+home construction |
Loan Amount | LTV Ratio |
| Up to Rs 30 lakh | 20%/15%* | |
| Above Rs 30 lakh to Rs 75 lakh | 20% | |
| Above Rs 75 lakh | 25% | |
| For purchase of Plot/Land for home construction | 25% | |
Tenure: Up to 30 years
PNB Home Loan Eligibility Criteria
For Housing Loan for Public
Salaried employees, professionals, businessmen, farmers, self-employed individuals, etc. having a regular source of income are eligible for PNB Housing Loan for Public.
For PNB Pride Housing Loan for Government Employees
Permanent employees of Central/State Government, Paramilitary forces and PSUs, and Pensioners of Central/State Government can avail PNB Pride Housing Loan for Government employees.
For PNB Gen-Next Housing Finance Scheme for Public
- Age at the time of loan application: Up to 40 years
- In case of multiple borrowers whose income is considered to meet the home loan eligibility criteria, the age of one applicant must be up to 40 years and others may be up to 45 years. Co-owner of the property whose income is not considered to meet the home loan eligibility criteria should necessarily be made the co-borrower irrespective of his/her age.
- Minimum Monthly Salary: Rs 35,000
Note that, Punjab National Bank may also consider the credit score of its home loan applicants, just like many home loan lenders do while evaluating the home loan eligibility of their applicants.
Check home loan eligibility of top 10 banks and HFCs
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PNB Home Loan Documents Required
PNB Home Loan Documents for Salaried
- Duly filled in home loan application form along with a 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 a 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 landholding & 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 the last six months
Additional documents
- Income proof of spouse/earning children/joint borrowers (if applicable)
- Property documents as required
Know more about the Documents Required for home loans
PNB 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
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FAQs
1. Can I choose between fixed and floating rates of interest?
Ans. Punjab National Bank offers home loans at floating rates only.
2. Does PNB consider the income of the co-applicants while applying for home loans?
Ans. Yes, PNB considers the income of the co-applicants for determining the repayment capacity while applying for home loan.
3. Who can be the co-applicants to PNB Home Loan borrowers?
Ans. Punjab National Bank allows spouse and earning children (both married and unmarried) to be the co-applicants to home loan borrowers. Parents can also be the co-applicants in cases where the property is singly or jointly owned by son and daughter. Also clubbing their income can be permitted for eligibility or loan repayment purposes.
4. What is the minimum credit score required to avail PNB Home Loans?
Ans. PNB has not specified any cut-off credit score for home loan applicants. However, the applicants with credit scores of 750 and above usually have higher chances of availing home loans.
5. Does Punjab National Bank offer special home loan interest rates to its female applicants?
Ans. Punjab National Bank does not offer any interest rate concession to its female applicants. Hence, PNB Home Loan interest rates for female applicants will be the same as interest rates offered to other applicants.
6. Does PNB offer preferential interest rates to home loan applicants having higher credit scores?
Ans. Yes, PNB offers lower interest rates to home loan applicants having higher credit score. The For example, the lowest home loan interest rates are offered to applicants having credit scores of 750 and above, followed by those having credit scores of 700-749, 650-699 and 550-649.
Click Here:- To know more about CIBIL Score Requirement for Home Loans
6. What is the moratorium period for PNB Housing Loans?
Ans. For home loans availed for home construction/addition of house/flat, the moratorium period can go up to 18 months from the date of disbursement of first loan instalment or till the completion of construction/addition, whichever is earlier. In case of home loans availed for carrying out repair/renovation/alterations of house or flat, the moratorium period can extend up to 6 months from the date when the first loan instalment was disbursed or until the completion of repair/alterations/renovation, whichever is earlier. For the purchase of already constructed house/flat or plot, the moratorium period can go up to 3 months from the date of loan disbursal or till the date of possession, whichever is earlier.