PNB Housing Finance Home Loan Interest Rates
PNB Housing Finance Home Loan interest rates start from 8.50% p.a. for salaried and 8.80% p.a. for self-employed individuals. The actual rate of interest may vary on the CIBIL score, loan amount, and borrower’s eligibility. Apart from interest rates, you will be required to pay a minimal processing fee of up to 1% of the loan amount + GST. You can get a loan of up to 90% of your property’s value with minimal documentation and easy eligibility.
PNB Housing Home Loan Interest Rate Key Highlights
The key highlights of PNB Housing loan interest rate are mentioned in the table below:
| Minimum interest rate for salaried | 8.50% p.a. |
| Minimum interest rate for self-employed | 8.80% p.a. |
| Maximum interest rate for salaried | 10.95% |
| Maximum interest rate for self-employed | 11.45% |
| 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 |
PNB Housing Home Loan Interest Rates, Fees & Charges
PNB Housing home loans are available at floating rates and may differ depending on the borrower's credit score and the loan amount applied for.
The current PNB Housing home loan interest rates are mentioned in the tables below:
Interest rates for home loans up to Rs. 35 Lakhs
| Credit Score | Salaried | Non-Salaried |
| >=825 | 8.5% - 9% p.a. | 8.8% to 9.3% p.a. |
| >800 to 825 | 8.8% - 9.3% p.a. | 8.95% - 9.45% p.a. |
| >775 to 799 | 9.1% - 9.6% p.a. | 9.65% - 10.15% p.a. |
| >750 to <=775 | 9.25% - 9.75% p.a. | 9.8% - 10.3% p.a. |
| >725 to < =750 | 9.55% - 10.05% p.a. | 10.25% - 10.75% p.a. |
| >700 to <= 725 | 9.85% - 10.35% p.a. | 10.55% - 11.05% p.a. |
| >650 to <=700 | 10.25% - 10.75% p.a. | 10.75% - 11.25% p.a. |
| Up to 650 | 10.25% - 10.75% p.a. | 10.75% - 11.25% p.a. |
| New to credit (NTC) CIBIL >=170 | 10.25% - 10.75% p.a. | 10.65% - 11.15% p.a. |
| NTC CIBIL <170 | 10.15% - 10.65% p.a. | 10.55% - 11.05% p.a. |
Interest rates for home loans above Rs. 35 Lakhs
| Credit Score | Salaried | Non-Salaried |
| >=825 | 8.5% - 9% p.a. | 8.8% - 9.3% p.a. |
| >800 to 825 | 8.8% - 9.3% p.a. | 8.95% - 9.45% p.a. |
| >775 to 799 | 9.2% - 9.7% p.a. | 9.8% - 10.3% |
| >750 to <=775 | 9.35% - 9.85% p.a. | 10.15% - 10.65% p.a. |
| >725 to < =750 | 9.7% - 10.2% p.a. | 10.3% - 10.8% p.a. |
| >700 to <= 725 | 10.05% - 10.55% p.a. | 10.75% - 11.25% p.a. |
| >650 to <=700 | 10.45% - 10.95% p.a. | 10.95% - 11.45% p.a. |
| Up to 650 | 10.45% - 10.95% p.a. | 10.95% - 11.45% p.a. |
| NTC CIBIL >=170 | 10.45% - 10.95% p.a. | 10.85% - 11.35% p.a. |
| NTC CIBIL <170 | 10.35% - 10.85% p.a. | 10.75% - 11.25% p.a. |
Interest rates for other home loans
| Roshni home loan | 10.5% to 14.25% p.a. for salaried employees and 11.50% to 14.50% p.a. for self-employed |
| Fixed rate home loan | 14.75% p.a. |
Fees & Charges
Apart from the interest rates mentioned above, PNB Housing Finance also involves the fees and charges mentioned below:
| Processing fees | 1% of the loan amount + GST |
| Prepayment charges (part/full for floating interest rate) |
|
| Prepayment charges (part/full for fixed interest rate) |
|
| Overdue charges | 24% p.a on unpaid EMI for the delayed period |
| Cheque/ NACH mandate form return/ bounce charges | Rs. 750 + GST on first bounce & Rs. 1,000 + GST thereafter |
| Repayment schedule fee | Rs. 500 + GST (on receiving ad hoc request at branch/ by e-mail) |
| Statement of account | Rs. 500 + GST (on receiving ad hoc request at branch/ by e-mail) |
| Loan pre-closure statement | Rs. 750 + GST |
| List of documents fee |
|
| 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 |
| Provisional interest certificate/ Final interest paid certificate | Rs. 500 + GST per instance after 2 provisional & 1 final interest sent through e-mail every year |
| 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) |
| Swap of repayment instructions | Rs. 750 + GST (for physical PDC/NACH mode) |
| Fixed to floating & fixed/floating to fixed ROI change | 3% of POS + GST |
| Floating to floating (reduction in rate) ROI change | 0.5% of POS + GST |
| Original property documents retrieval on request | Rs. 1,000 + GST |
| Cash/single cheque EMI payment fee | Rs. 1,000 + GST |
| Swap of property fee | Rs. 25,000 + GST |
| CERSAI validation fees | Rs. 50 + GST |
| CERSAI fees |
|
| Non-submission of documents related to loan condition/ security | Rs. 1,000 p.m. |
| MODT/ registration of charge creation/ cancellation | Rs. 500 + GST |
| Title search/ loan appraisal/ legal recovery fees | As per actual |
Compare PNB Housing Home Loan Interest Rate with Top Banks
Below is the comparison table of PNB Housing home loan interest rates with some other top lenders to help you choose the best home loan Interest rate:
| Bank/NBFC | Rate of Interest |
| PNB Housing Finance Ltd. | 8.50% |
| State Bank of India | 8.50% - 10.05% |
| South Indian Bank | 8.70% to 11.70% p.a. |
| IDFC First Bank | 8.85% |
| Bajaj Finserv | 8.50% - 15.00% |
| ICICI Bank | 8.75% |
| HDFC Bank | 8.75% |
| Kotak Mahindra Bank | 8.75% |
| Axis Bank | 8.75% to 12.85% p.a. |
| Federal Bank | 8.80% |
| Tata Capital | 8.75% |
PNB Housing Home Loan Interest Rates for Balance Transfer
You can easily transfer your home loan to PNB Housing Finance for a lower interest rate. PNB Housing home loan interest rates for balance transfer start from just 8.40% with zero charges. The EMI starts at just Rs. 769 per Lakh. So, if you are paying a higher EMI on your existing home loan, you can opt for the PNB Housing home loan balance transfer facility.
How to Calculate PNB Housing Home Loan EMI?
You can easily calculate your PNB Housing home loan EMI using the PNB Housing loan calculator. It is available on our website for free of cost. To calculate your home loan EMI using this calculator, you just need to enter the required loan amount, rate of interest, and repayment tenure. The PNB Housing home loan EMI Calculator provides the amortisation schedule for the entire tenure of your home loan.
FAQs
By opting for the PNB Housing Finance home loan, you can target an attractive interest rate at the lowest EMI. PNB Housing home loan balance transfer interest rate starts from just 8.40% p.a. And the lowest EMI is Rs. 769 per Rs. 1 Lakh for 30 years tenure.
Up to 30 years or up to the borrower’s age of 70 is the maximum duration for a home loan by PNB Housing Finance.
Yes, you can transfer your current housing loan to PNBHFL without much difficulty, and this will also help you save the interest and pay a lower monthly EMI.
Yes, you can get an advantage on Income Tax rebate for PNB home loan as per the Indian Income Tax Act 1961.
You can foreclose the housing loan with PNB Housing Finance. The charges involved are:
- Up to 2% of principal paid + GST for fixed interest rate loan.
- Up to 3% principal paid + GST for floating interest rate loan.
By using the option of part prepayment, you can reduce the outstanding home loan amount, which will also reduce your interest amount due.
In case, your spouse or family members are earning well then you can make them co-applicants for a home loan and hence the combined earnings will also increase your eligibility.