PNB Housing Finance Home Loan Highlights
The key features of PNB Housing Finance home loan are mentioned in the table below:
| Loan amount | Rs. 8 Lakhs to 90 % of the property cost |
| Rate of interest | Starts at 8.50% p.a. for salaried & 8.80% p.a. for self-employed |
| Tenure | Up to 30 years or up to the borrower’s age of 70 |
| Lowest EMI possible | Rs. 868 Per Lakh |
| Processing fee | Up to 1% of the loan amount + GST |
| Prepayment charges | Up to 2% of principal paid + GST for fixed interest rate loan & up to 3% principal paid + GST for floating interest rate loan |
| Required CIBIL score | Minimum 611 |
| Monthly income | Rs. 15,000 or above |
PNB Housing Loan Interest Rate
PNB Housing Finance home loans are available at floating rates and vary as per the borrower’s credit score. The PNB Housing loan interest rates are linked to its benchmark rate PNBHFR.
The current rate of interest for PNB Housing is as below:
Interest rates for home loans up to Rs. 35 Lakhs
| Credit Score | Salaried | Non-Salaried |
|---|---|---|
| >=825 | 8.5% to 9% | 8.8% to 9.3% |
| >800 to 825 | 8.8% – 9.3% | 8.95% – 9.45% |
| >775 to 799 | 9.1% – 9.6% | 9.65% – 10.15% |
| >750 to <=775 | 9.25% – 9.75% | 9.8% – 10.3% |
| >725 to < =750 | 9.55% – 10.05% | 10.25% – 10.75% |
| >700 to <= 725 | 9.85% – 10.35% | 10.55% – 11.05% |
| >650 to <=700 | 10.25% – 10.75% | 10.75% – 11.25% |
| Up to 650 | 10.25% – 10.75% | 10.75% – 11.25% |
| New to credit (NTC) CIBIL >=170 | 10.25% – 10.75% | 10.65% – 11.15% |
| NTC CIBIL <170 | 10.15% – 10.65% | 10.55% – 11.05% |
Interest rates for home loans above Rs. 35 Lakhs
| Credit Score | Salaried | Non-Salaried |
|---|---|---|
| >=825 | 8.5% to 9% | 8.8% to 9.3% |
| >800 to 825 | 8.8% – 9.3% | 8.95% – 9.45% |
| >775 to 799 | 9.2% – 9.7% | 9.8% – 10.3% |
| >750 to <=775 | 9.35% – 9.85% | 10.15% – 10.65% |
| >725 to < =750 | 9.7% – 10.2% | 10.3% – 10.8% |
| >700 to <= 725 | 10.05% – 10.55% | 10.75% – 11.25% |
| >650 to <=700 | 10.45% – 10.95% | 10.95% – 11.45% |
| Up to 650 | 10.45% – 10.95% | 10.95% – 11.45% |
| NTC CIBIL >=170 | 10.45% – 10.95% | 10.85% – 11.35% |
| NTC CIBIL <170 | 10.35% – 10.85% | 10.75% – 11.25% |
Interest rates for other home loans
| Roshni home loan | 10.5% to 14.25% p.a. for salaried employees & 11.50% to 14.50% p.a. for self-employed |
| Fixed rate for home loan | 14.75% p.a. |
PNB Housing Home Loan Comparison with Other Lenders
Below is the comparison table of PNB Housing home loan interest rates with some other top lenders:
| Bank/NBFC | Rate of Interest |
|---|---|
| PNB Housing Finance Ltd. | 8.50% |
| South Indian Bank | 8.70% to 11.70% p.a. |
| State Bank of India | 8.25% – 9.20% |
| Bajaj Finserv | 8.25% – 17.00% |
| Kotak Mahindra Bank | 8.65% |
| HDFC Bank | 8.70% – 9.55% |
| IDFC First Bank | 8.85% |
| Axis Bank | 8.75% to 12.85% p.a. |
| ICICI Bank | 8.75% |
| Tata Capital | 8.75% |
| Federal Bank | 9.90% |
PNB Housing Finance Home Loan Processing Fee & Charges
| Processing fee | 1% of the loan amount + GST |
| Part/ full prepayment charges (floating interest rate) | Nil if the property is in the name of the individual & 2% of principal paid + GST if the property is in the name of the non-individual entity |
| Part/ full prepayment charges (fixed interest rate) | Nil, if the property is in the name of the individual & payment is made from own sources; 3% of principal prepaid + GST, if the property is in the name of the individual & payment is made by/from a third party/ if the property is in the name of non-individual entity |
| Cheque/ NACH mandate form return/ bounce charges | Rs. 750 + GST on 1st bounce & Rs. 1,000 + GST from 2nd bounce |
| Overdue charges | 24% p.a on unpaid EMI for the delayed period |
| Statement of account | Rs. 500 + GST (if ad hoc request received at branch/on e-mail) |
| Repayment schedule fee | Rs. 500 + GST (if ad hoc request received at branch/on e-mail) |
| List of documents fee | Nil if requested within 6 months from 1st disbursement & Rs. 750 + GST after that (if the request is received at branch/ on e-mail) |
| Loan pre-closure statement | Rs. 750 + GST |
| Provisional interest certificate | Rs. 500 + GST per instance after 2 provisional & 1 final interest sent through e-mail every year |
| Final interest paid certificate | Rs. 500 + GST per instance after 2 provisional & 1 final interest sent through e-mail every year |
| Copy of property documents | Rs. 500 + GST if received through an e-mail, Rs. 1,000 + GST for printed copies & Rs. 1,500 + GST, for more than 50 pages |
| Swap of repayment instructions | Rs. 750 + GST (for physical PDC/NACH mode) |
| Change of ROI from fixed to floating & from fixed/floating to fixed | 3% of POS + GST |
| Change of ROI from floating to floating (reduction in rate) | 0.5% of POS + GST |
| Swap of property fee | Rs. 25,000 + GST |
| Cash/single cheque EMI payment fee | Rs. 1,000 + GST |
| Custody charges (for property documents not taken back after loan maturity/ foreclosure) | Rs. 1,000 + GST p.m. (after 1 month of loan closure/ maturity) |
| Original property documents retrieval on request | Rs. 1,000 + GST |
| CERSAI fees | Rs. 100 + GST for loans disbursed after January 31, 2016 & Rs. 500 + GST for loans disbursed before that |
| CERSAI validation fees | Rs. 50 + GST |
| MODT/ registration of charge creation/ cancellation | Rs. 500 + GST |
| Non-submission of documents related to loan condition/ security | Rs. 1,000 p.m. |
| Title search fees | As per actual |
| Legal fee for loan appraisal | As per actual |
| Legal recovery fees | As per actual |
PNB Housing Finance Home Loan Eligibility
Anyone who meets the following PNB Housing home loan eligibility criteria can apply for the home loan at PNB Housing:
PNB Housing home loan eligibility criteria for salaried employees
- Age: The applicant must be above the age of 21 years at the time of loan application and should not exceed 70 years at the time of loan maturity.
- Residency: The applicant should be a permanent resident of India.
- Work experience: The applicant should have a minimum work experience of 3 years.
- Occupation: The applicant should be working in permanent service at a reputed company.
- Salary: The minimum salary required for a PNB Housing home loan is Rs. 15,000 per month or above.
- LTV: Up to 90% of the property’s cost.
- Credit Score: Minimum 611.
PNB Housing home loan eligibility criteria for self-employed/ business owners
- Age: The applicant must be above the age of 21 years at the time of loan application and should not exceed 70 years at the time of loan maturity.
- Residency: The applicant should be a permanent resident of India.
- Work experience: The applicant should have at least 3 years of business continuity.
- Occupation: The applicant should be a self-employed professional (such as a doctor/ engineer/ chartered accountant/ architect/ management consultant/ etc.) or a self-employed individual (such as an entrepreneur/ businessman/ freelancer).
- LTV: Up to 90% of the property’s cost.
- Credit Score: Minimum 611.
- Additional: The applicant must apply for income tax returns.
How to Calculate PNB Housing Finance Home Loan EMI?
You can easily calculate your PNG Housing Finance home loan EMI using an online tool called Home Loan EMI Calculator. PNB Housing home loan Calculator is also available on our website. To calculate your loan EMI using the calculator, you just need to enter a few basic details i.e. the loan amount, rate of interest, and loan tenure. This calculator provides the amortisation schedule for the entire tenure of the home loan.
PNB Housing Home Loan Document Required
PNB Housing home loan documents required for salaried employees
- Application form: Duly filled and signed loan application form
- Address proof: Aadhar Card/ Passport/ Driving License/ Telephone Bill/ Ration Card/ Election Card/ Any other certificate from Statutory Authority
- Age proof: PAN Card/ Passport/ Any other certificate from Statutory Authority
- Income proof: Salary slips for the last 3 months
PNB Housing home loan documents required for self-employed
- Application form: Duly filled and signed loan application form
- Address proof: Aadhar Card/ Passport/ Driving License/ Telephone Bill/ Ration Card/ Election Card/ Any other certificate from Statutory Authority
- Age proof: PAN Card/ Passport/ Any other certificate from Statutory Authority
- Income proof: Income proof for business and ITR
Property documents for developer property (direct Allotment from the developer)
- Allotment letter
- Builder buyer agreement
- Payment receipt
- Permission to mortgage from the respective authority
- Regulatory guidelines
Property documents for Resale Property
- Agreement to sell
- All prior deeds from the property’s first allotment
- Sale deed/ Conveyance deed in favour of the seller
- Approved map of the property
- Possession certificate & land tax receipt from relevant authorities
- No Objection Certificate provided by the builder/ society
PNB Housing Finance Home Loan Customer Care
You can reach PNB Housing customer care team through any of the following ways:
- You can talk to a PNB Housing expert to 1800-120-8800.
- You can request a callback by filling out an online form.
- You can type an SMS stating PNBHFL and send it to 56161.