PNB Housing Finance Home Loan
- Interest Rate starting at 9.25%
- Loan Tenure up to 30 years
- Processing Fees up to 1.00% + GST
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 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 |
|
| Cheque/NACH Mandate Form return | Rs.500 |
| CERSAI Fees |
|
| Conversion of Rate of Interest |
|
| 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.
PNB Housing Finance Home Loan Schemes
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!