Want to avail PNB home loan? Know the rates, charges, and crucial features

Want to avail PNB home loan? Know the rates, charges, and crucial features

Punjab National Bank provides home loans at 6.50 percent p.a. onwards for the repayment tenure of up to 30 years. The bank also offers a home loan overdraft option and numerous special home loan products for the defense personnel, gen-next salaried staff and government employees working with the IT concerns and PSU/government, respectively.

PNB home loan highlights
PNB home loan interest rate 6.50 percent – 8.80 percent p.a.
Loan amount According to the eligibility of the borrower
Repayment tenure Up to thirty years

 PNB home loan rate of interest

Home loan

For the loan proceed of Rs 50 Home Loan and more (For the LTV (loan to value) ratio of up to 80 percent)

Credit score PNB home loan interest rate (p.a.) for the leads via a digital channel PNB home loan interest rate (p.a.) for the leads via non-digital channel
  Salaried Salaried Non-salaried
PNB Pride 6.50 percent 6.55 percent NA
750 and more 6.50 percent 6.55 percent 6.65 percent
700 – 749 6.70 percent 6.75 percent 6.85 percent
650-699 6.80 percent 6.85 percent 6.95 percent
Less than equal to 550 – 649 7.30 percent 7.35 percent 7.45 percent

 For loan amount below Rs 50 lakh (for the loan to value ratio of up to 80 percent)

Credit score PNB home loan interest rate (p.a.) (for leads via digital channel) Rate of interest (p.a.) (for the leads via non-digital channel)
  Salaried Salaried Non-salaried
PNB Pride 6.55 percent 6.60 percent NA
750 & above 6.55 percent 6.60 percent 6.70 percent
700 and 749 6.75 percent 6.80 percent 6.90 percent
650 and 699 6.85 percent 6.90 percent 7.00 percent
Less than equal to 550 – 649 7.35 percent 7.40 percent 7.50 percent

 For loan proceed of up to Rs 30 lakh Home Loan  (for the LTV (loan to value) ratio of over 80 percent)

Credit score PNB home loan interest rate (p.a.) (for the leads via digital channel) PNB home loan interest rate (p.a.) (for the leads via the non-digital channel)
  Salaried Salaried Non-salaried
PNB Pride 6.85 percent 6.90 percent NA
750 and above 6.85 percent 6.90 percent 7.00 percent
700 – 749 7.05 percent 7.10 percent 7.20 percent
650 – 699 7.15 percent 7.20 percent 7.30 percent
Less than 550 – 649 7.65 percent 7.70 percent 7.80 percent

PNB max saver

For loan proceed of Rs 50 lakh and more (for the LTV ratio of up to 80 percent)

Credit score PNB home loan interest rate (p.a.) (for leads via digital channel) PNB home loan interest rate (p.a.) (for the leads via non-digital channel)
  Salaried Salaried Non-salaried
PNB Pride 6.65 percent 6.70 percent NA
750 and above 6.65 percent 6.70 percent 6.80 percent
700 – 749 6.85 percent 6.90 percent 7.00 percent
650 – 699 6.95 percent 7.00 percent 7.10 percent
Less than equal to 550 – 649 7.45 percent 7.50 percent 7.60 percent

For loan proceed of below Rs 50 lakh (for the LTV (loan to value) ratio for up to 80 percent)

Credit score PNB home loan interest rate (p.a.) (for leads via digital channel) PNB home loan interest rate (p.a.) (for leads via non-digital channel)
  Salaried Salaried Non-salaried
PNB pride 6.70 percent 6.75 percent NA
750 and above 6.90 percent 6.95 percent 7.05 percent
700 – 749 6.90 percent 6.95 percent 7.05 percent
650 – 699 7.00 percent 7.05 percent 7.15 percent
Less than equal to 550 – 649 7.50 percent 7.55 percent 7.65 percent

For the loan proceed of up to Rs 30 lakh (for LTV (loan to value) ratio more than 80 percent)

Credit score PNB home loan interest rate (p.a.) (for leads via digital channel) PNB home loan interest rate (p.a.) (for leads via non-digital channel)
  Salaried Salaried Non-salaried
PNB pride 7 percent 7.05 percent NA
750 and above 7 percent 7.05 percent 7.15 percent
700 – 749 7.20 percent 7.25 percent 7.35 percent
650 – 699 7.30 percent 7.35 percent 7.45 percent
Less than 550 – 649 7.80 percent 7.85 percent 7.95 percent

PNB max saver

For the loan proceed of Rs 50 lakh and more (for LTV (loan to value) ratio of up to 80 percent)

Credit score PNB home loan interest rate (p.a.) (for the leads via digital channel) PNB home loan interest rate (p.a.) (for the leads via non-digital channel)
  Salaried Salaried Non-salaried
PNB pride 6.65 percent 6.70 percent NA
750 and above 6.65 percent 6.70 percent 6.80 percent
700 and 749 6.85 percent 6.90 percent 7.00 percent
650 – 699 6.95 percent 7.00 percent 7.10 percent
Less than equal to 550 – 649 7.45 percent 7.50 percent 7.60 percent

For loan proceed of below Rs 50 lakh (for the LTV (loan to value) ratio of up to 80 percent)

Credit score PNB home loan interest rate (p.a.) (for the leads via digital channel) PNB home loan interest rate (p.a.) (for the leads via non-digital channel)
  Salaried Salaried Non-salaried
PNB Pride 6.70 percent 6.75 percent NA
750 and above 6.70 percent 6.75 percent 6.85 percent
700 – 749 6.90 percent 6.95 percent 7.05 percent
650 – 699 7.00 percent 7.05 percent 7.15 percent
Less than equal to 550 – 649 7.50 percent 7.55 percent 7.65 percent

Kinds of PNB home loan

Housing loan for the public

Purpose:

For flat/house construction, for purchasing a built home/flat

       For repair/additions/renovation/furnishing/alteration expense to the existing home.

       For buying flats/homes under construction from the housing cooperative/boards, societies, projects, development authorities or approved builders.

       For buying land or plot for home construction

       For mitigating the cost escalation in flats under construction to the existing home loan borrowers

Loan amount:

       For land or plot purchase for home construction: up to Rs 50 lakh

       For renovation, repair, or alteration: up to Rs 25 lakh

       For construction, addition, purchase of flat or home: Need to be based depending on the project cost and your repayment capacity.

       Furnishing expense: Included in project cost with a maximum of up to 10 percent of the home loan with up to Rs 25 lakh.

Repayment tenure:

       For renovation, repair, or alteration of the flat or home: up to 15 years

       For others: the tenure must be up to 30 years.

PNB max saver

       Purpose: For all the purposes as per the housing finance scheme.

       Loan amount: Allowed from Rs 10 lakh onwards.

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