Apply for PNB Housing Finance Home Loans starting Interest Rates at 8.50% p.a. The PNB HFL offers a range of Home Loans for purchase, construction, and home renovation. You can avail of financing for up to 90% of property value for max of 30 years.
Updated: 13-05-2024 02:37:07 PM
Let’s take a brief overview of PNB Housing Finance Home Loan:
| Loan Amount | Up to 90 % of the property cost |
|---|---|
| Rate of interest | 8.50% onwards |
| Tenure | Up to 30 Years |
| Lowest EMI possible | Rs. 769 Per Lakh |
| Processing fee | Up to 0.50% of the loan amount |
| Prepayment/ Foreclosure Charges | Nil for floating home loan |
PNB Housing Finance Home loans are available at floating rates and vary as per the borrower’s credit score. The PNB Housing Home Loan Interest Rates are linked to its benchmark rate PNBHFR.
With effect from 10th Apr 2024, the rate of interest for PNB Housing are as below:
| Credit Score | Salaried or Self-employed professional (SEP) | Self-employed non-professional (SENP) |
|---|---|---|
| 800 or above | 8.50% to 9.25% | 8.80% to 9.30% |
| 775 – 799 | 9.10% – 9.60% | 9.55% – 10.05% |
| 750 – 775 | 9.25% – 9.75% | 9.70% – 10.20% |
| 725 – 750 | 9.55% – 10.05% | 10.15% – 10.65% |
| 700 – 725 | 9.85% – 10.35% | 10.45% – 10.95% |
| 650 – 700 | 10.25% – 10.75% | 10.65% – 11.15% |
| Up to 650 | 10.25% – 10.75% | 10.65% – 11.15% |
| Low credit or no history | 10.15% – 10.65% | 10.55% – 11.05% |
| Credit Score | Salaried or Self-employed professional (SEP) | Self-employed non-professional (SENP) |
|---|---|---|
| 800 or above | 8.50% to 9.25% | 8.80% to 9.30% |
| 775 to 799 | 9.20% – 9.70% | 9.70% – 10.20% |
| 750 to 775 | 9.35% – 9.85% | 10.05% – 10.55% |
| 725 to 770 | 9.70% – 10.20% | 10.20% – 10.70% |
| 700 to 725 | 10.05% – 10.55% | 10.65% – 11.15% |
| 650 to 700 | 10.45% – 10.95% | 10.85% – 11.35% |
| up to 650 | 10.45% – 10.95% | 10.85% – 11.35% |
| less than zero | 10.35% – 10.85% | 10.75% – 11.25% |
| Unnati Home Loan | 11.75% – 13.00% |
| Home Loans under special programs | Banking + 0.25% to applicable rate LIP + 0.50% to applicable rate Rental Income Program + 0.50 to applicable rate % |
| Plot purchase (not Purchase + Construction) | + 1% to HL Grid rate |
| Home Improvement Loan |
|
| Top-up Loans | As per Non Home Loan i.e LAP |
| Lender | Maximum Loan Amount | Interest Rate | Processing Fee |
|---|---|---|---|
| PNB Housing Finance | Up to 90% of the property | 8.50% | Up to 0.50% (Minimum Rs. 10,000) |
| HDFC Home Loan | Up to 90% of property cost | 8.75% – 9.65% | Up to 0.50% or Rs. 3,000 (whichever is higher) + applicable taxes |
| ICICI Home Loan | Up to 90% of the property | 8.75% | 0.50% – 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST |
| SBI Home Loan | Up to 90% of property cost | 8.50% – 10.05% | Up to 0.35% + applicable GST |
PNB Housing Finance offers the following types of Home Loans to customers:
| Floating Scheme | UNNATI Home Loans | |
|---|---|---|
| Loan Amount>> | Salaried/ | Self-employed |
| Any Cibil Score/
Any Loan Amount |
11.75% | 13.00% |
Pradhan Mantri AwasYojana (PMAY) is a credit-linked subsidy scheme for EWS (Economical Weaker Section), LIG (Lower Income Group), MIG (Middle Income Group). This scheme was announced by our honourable Prime Minister Sh. Narendra Modi. This scheme is meant for first time home buyers and comes with an interest subsidy of up to Rs 2.67 Lakh.
You can use MyMoneyMantra Home Loan EMI Calculator for assessing the load of EMI for PNB Housing Finance Home Loan. It is the best tool for assessing Home Loan EMI. You can effortlessly estimate the cost of a home loan and plan your monthly budget accordingly.
Using EMI calculator is very easy. You can use MMM calculator as an instant PNB Housing Home Loan Calculator. Just enter the loan amount along with the time period of the loan and the rate of interest. EMI calculator gives you bifurcation of the entire loan tenure, which helps you plan your EMI and tax obligation accordingly.
Let’s use EMI Calculator and find out EMI for PNB Housing Loans with different combinations of Home Loan Amount and tenor. Below we have calculated EMI for Rs. 10 Lakh, 20 Lakh, 30 Lakh, 40 Lakh, 50 Lakh and 60 Lakh PNB Housing Finance Home Loans for 10, 20 & 30 years respectively.
| Loan Amount | 10 years | 20 years | 30 years |
|---|---|---|---|
| 10 lakh Home Loan EMI | Rs. 12,399 | Rs. 8,678 | Rs. 7,689 |
| 20 lakh Home Loan EMI | Rs. 24,797 | Rs. 17,356 | Rs. 15,378 |
| 30 lakh Home Loan EMI | Rs. 37,196 | Rs. 26,035 | Rs. 23,067 |
| 40 lakh Home Loan EMI | Rs. 49,594 | Rs. 34,713 | Rs. 30,757 |
| 50 lakh Home Loan EMI | Rs. 61,993 | Rs. 43,391 | Rs. 38,446 |
| 60 lakh Home Loan EMI | Rs. 74,391 | Rs. 52,069 | Rs. 46,135 |
Salaried as well as self-employed residents as well as non-resident Indians can apply
Eligibility for PNB Housing Finance Home loan is assessed basis following criteria:
To improve the PNB housing loan eligibility income of borrowers and co-borrowers can be considered cumulatively.
Other PNB Housing Home loan eligibility requirements-
Borrower’s age: 21 to 70 years
Loan amount: Subject to property value & repayment capacity.
Here is a list of documentation required for PNB Housing Home Loans:
| Type of document | List of self-attested documents |
| Loan application |
|
| Age proof (any one) |
|
| Residence proof (any one) |
|
| Educational qualifications |
|
| Income proof | Salaried Individuals
Self-employed individuals
|
| Others | Processing fee cheque in favour of PNB HFL
Photocopy of title documents of the property, Approved Plan etc. |
Fees and charges associated with PNB Housing Finance Home Loan are:
| DESCRIPTION OF CHARGES | APPLICABLE CHARGES |
|---|---|
| Loan Processing Charges (Non-refundable) | Up to 0.50% of loan + applicable service tax |
| Foreclosure charges | Zero prepayment/ foreclosure charges |
The customer care service at PNB Housing is very competent and responsive. Apart from the toll-free number, you can also drop your queries and complaints to their email id. Also, to check PNB housing finance Home loan status, you contact customer care.
Customer care executives can speak English and Hindi fluently. The toll-free number is active 24 x 7. If you have mailed your grievance, you should expect a reply or a call back within three working days.
Contact details:
PNB Housing Finance Ltd.
9th Floor, Antriksh Bhavan,
22 Kasturba Gandhi Marg,
Near Connaught Place,
New Delhi 110001
Phone Number: 1800 120 8800
Email Address: [email protected]
CIN: L65922DL1988PLC033856
Apply for instant home loan online at Interest Rate starting from as low as 8.50% p.a. Pay EMI of just Rs. 769 per Lakh. Loan can be repaid in flexible tenure of up to 30 years. Apply now with minimal documentation. Check eligibility & get instant approval here.
You can get PNB home loan statement online. It is effortless & straightforward. Go to the online portal and log in with customer ID & password. Choose the ‘Home loan provisional certificate’ option under the enquiries tab. You can save, print or download the Housing finance statement as per the requirement.
You can apply for PNB Housing Finance Home Loan up to 90% of the property value to purchase or construct a residential unit. The loan amount will vary as per your income, repayment capacity and market value of the property.
As soon as the customer selects the property, applies for the loan and submits all required income & property documents , the processing for disbursement of the Home Loan begins. It will take 1-3 days. The property should be be technically and legally verifiable.
The prime security for a home loan is by deposit of title deeds and/ or other collateral security as may be decided by PNB HFL. Also, the title of the property should be clear, marketable and free from any encumbrances.
Property insurance should be purchased to protect the property against unforeseen and unwanted events like earthquake, flood, fire or any man-made calamities for that matter.
Yes, you can get a home loan after purchasing a property at applicable loan rates. The property purchased should not be older than 6 months.
