PNB Housing Finance Home Loan

  • Interest Rate starting at 9.25%
  • Loan Tenure up to 30 years
  • Processing Fees up to 1.00% + GST
Get PNB Housing Finance Home Loan

PNB HFL is a Housing Finance Company that offers home loans to both salaried and self-employed individuals at interest rates ranging from 9.25-9.70% per annum. One can avail of their home loans for the purpose of home purchase, house repair/renovation/extension and home construction. Loan tenure for PNB Housing Finance Home Loans extend up to 30 years and their loans come with multiple repayment options.

PNB Housing Finance Home Loan Summary
Interest Rate 9.25% onwards
Loan-to-Value Ratio Up to 90% of property value
Loan Tenure Up to 30 years
Processing Charges Up to 1% of loan amount + GST

Note : Rates and processing fees are subject to change at the discretion of the bank or according to RBI directives.

PNB Housing Finance Home Loan Eligibility

Each scheme under PNB Housing Finance has their own set of eligibility criteria but the common ones are:

An Applicant must be:
  • An Indian Resident
  • Salaried or self-employed
  • Between 18 and 70 years of age
  • Preferred Credit Score of 750 and above

Fincity advisors recommend that you find out how much home loan you’re eligible for before you spend time on finding the right scheme for you.

Use the Fincity Eligibility Calculator - enter a few required details and find out immediately.

PNB Housing Finance Home Loan Interest Rates

Home Loans offered by PNB Housing Finance are linked to their benchmark rate - PNBHFR. This means any change in this rate will affect the interest rate at which home loans are offered. Currently, their interest rate starts at 9.25%.

PNBHFL Home Loan Schemes Interest Rate For the Salaried Interest Rate for the Self-Employed
Home Purchase Loan 9.25%-9.45% Self-employed professionals: 9.25%-9.45%, self-employed non-professionals: 9.20%-9.70%
Home Construction Loan 9.25% onwards NA
Home Extension Loan 9.25% onwards NA
Home Improvement Loan 9.10% – 11.25% Self-employed professionals: 9.10%–11.25%, self-employed non-professionals: 9.30%–12.50%
Residential Plot Loan 9.95% – 10.45% Self-employed professionals: 9.95%–10.45%, self-employed non-professionals: 10.20%–10.70%
Unnati Home Loan 10.75% Self-employed professionals: 10.75%, self-employed non-professionals: 12.00%

Note :The above rates are subject to change at the discretion of the banks or on the basis of RBI directives.

PNB Housing Finance Home Loan Processing Fees & Charges

PNB HFL levies the following processing fee and charges when you opt for a home loan with them.

Particulars Charges
Processing fees

1% of loan amount subject to a min. of Rs.10,000

Part or Full Prepayment Charges
  • On floating rate of interest by individual borrower: No charges
  • On floating rate of interest by non-individual borrower being applicant or co-applicant: 2% of principal prepaid
  • On fixed rate of interest by individual borrower: 3% of principal prepaid; if prepayment is by own source then no fee is applicable
  • On fixed rate of interest by non-individual borrower being applicant or co-applicant: 3% of principal prepaid
Cheque/NACH Mandate Form return

Rs.500

CERSAI Fees
  • For loans disbursed after January 31, 2016: Rs.100
  • For loans disbursed prior to January 31, 2016: Rs.500
Conversion of Rate of Interest
  • Floating to Floating Rate of Interest: 0.50% of principal outstanding 
  • Fixed to Floating Rate of Interest: 2% of principal outstanding  
Overdue Charge

2% per month on overdue payment 

Legal/Recovery/Title Search Fees

As per actuals 

Note :The above rates are subject to change at the discretion of the banks without prior notice.

PNB Housing Finance Loan EMI Calculation

Are you interested in a particular scheme and want to check the EMI amount for it? Use the Fincity Home Loan EMI calculator and enter your loan amount, interest rate and tenure. You can see the EMI you’ll have to pay every month in seconds.

PNB Housing Finance Home Loan Documents Required

Here’s a list of documents you will need to submit for a home loan with PNBHFL:

  • Duly filled and signed PNB Housing Finance home loan application form 
  • Passport size photographs 
  • Proof of Age (Any one): Aadhaar Card / PAN Card / Passport / Any other Certificate from Statutory Authority 
  • Proof of Identity (Any one): Aadhaar Card / PAN Card / Passport / Driving License / Voter ID Card 
  • Proof of Residence (Any one): Aadhaar Card / Passport / Driving License / Telephone Bill / Ration Card / Election Card / Any other Certificate from Statutory Authority 
  • Proof of Education Qualification: A photocopy of your last degree 
  • Property Documents: A photocopy of Title Documents of the Property and Approved Plan 
  • Account Statement: Last 6 months’ bank account statements for salaried applicants. And Last 12 months’ bank account statements for self-employed applicants 
  • Proof of Income (For Salaried): Salary Slips of last 3 months and a copy of Form 16 for last 2 years 
  • Proof of Income (For Non-Salaried): Certificate & Proof of business existence along with Business Profile, IT returns for last 3 years, Balance Sheets & Profit & Loss A/c for last 3 years duly certified/audited by a Chartered Accountant 
  • Processing Fee cheque in favour of ‘PNB Housing Finance Ltd.

Note : Required documents must be self-attested and may slightly differ.

This scheme is perfect for anyone planning to buy a house or plot in India.

Eligible Profiles Salaried and SelfEmployed Individuals
Loan-to-Value Ratio Up to 90% of the property value
Interest Rate For Salaried & Self-employed Professionals: 9.25% – 9.45% For Self-employed Non-Professionals: 9.20% – 9.70%
Loan Tenure Up to 30 years

This is meant for borrowers who own a plot of land and want to construct a house on it.

Eligible Profiles Salaried and Self-Employed Individuals
Loan-to-Value Ratio Up to 90% of the property value
Interest Rate 9.25% onwards
Loan Tenure Up to 30 years

As the name suggests, this is meant for borrowers who have an existing house and want to add a room, balcony or other extensions to it.

Eligible Profiles Salaried and Self-Employed Individuals
Loan-to-Value Ratio Up to 90% of the property value
Interest Rate 9.25% onwards
Loan Tenure Up to 30 years

This scheme helps borrowers fund their home renovation plans.

Eligible Profiles Salaried and Self-Employed Individuals
Loan-to-Value Ratio Up to 90% of the property value
Interest Rate Up to Rs. 75 lakhs: 9.10% – 12.50%, More than Rs. 75 lakhs: 9.20% – 12.50%
Loan Tenure Up to 30 years

This is suited for customers who want to buy a residential plot in an urban area.

Eligible Profiles Salaried and Self-Employed Individuals
Loan-to-Value Ratio Up to 90% of the property value
Interest Rate For Salaried & Self-employed Professionals: 9.95% – 10.45%, For Self-employed Non-Professionals: 10.20% – 10.70%
Loan Tenure Up to 30 years

This is an affordable housing scheme offered to borrowers with low income. Employees of local businesses such as petrol pumps, jewellery store, restaurants, clothing store, etc are eligible for this home loan. The individual’s income (or combined income in case there is a co-applicant) should be at least Rs.10,000 per month. In case of salaried borrowers, they should not be over 70 years of age at the time of loan maturity, while in case of self-employed professionals and non-professionals the maximum age is 65.

Eligible Profiles Salaried and Self-Employed Individuals
Loan Amount Up to Rs.35 lakhs subject to 90% of market value of the property
Interest Rate For Salaried & Self-employed Professionals: 10.75% onwards, For Self-employed Non-Professionals: 12.00%
Loan Tenure Up to 30 years

PMAY - CLSS is a mission by the Indian government to provide “Housing for All”. This was initiated with the goal of making home purchase affordable for people in the lower and middle income category - earning Rs.3 - 18 lakhs per annum. People eligible for this credit linked subsidy can avail a subsidy of up to Rs.2.67 lakhs on thier home loan interest. Note: This can be availed on a borrower’s first home purchase only.

Know eligibility criteria and other details about PMAY scheme.

Your perfect home loan is our responsibility!

Your perfect home loan is our responsibility! Get in touch with a Fincity expert now at hl@fincity.com, brief them about your requirements and let them find you your home loan rate match in no time!