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 |
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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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