You may break you FD and withdraw your money subject to minimum moratorium requirements.
However, in case of premature withdrawal, PNB Housing Finance pays maximum interest of 4% on deposits kept for 3 to 6 months and 1% lower ROI on applicable rate for actual duration on deposits kept for more than 6 months.
Loan against PNB Housing Finance FD
PNB Housing Finance offers loan upto 75% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.
PNB Housing Finance Interest Rates in your city. How and where to apply?
Keep your KYC documents - PAN card, address proof and photo ready.
In case you already hold an account with PNB Housing Finance, you don’t need to submit KYC documents again.
10th Jan 17 PNB Housing reduces home loan rates by 40 basis points
PNB Housing Finance has reduced its home loan interest rates for salaried employees to 8.90 percent. The revised home loan rate for self employed professionals now stands between 8.9 to 9.4 percent. The rates are effective from 6th January, 2017.
10th Jan 17 PNB Housing reduces loan against property rates by up to 75 bps
PNB Housing Finance has reduced its loan against residential property to 10.5 percent as compared to 10.75 percent earlier. PNB Housing has also reduced its lending rates for commercial property to 10.25 percent. The rates are effective from 6th January, 2017.
16th Nov 16 PNB Housing Finance net profit in the second quarter increases by 78 percent
PNB Housing Finance, in its first quarterly result after listing, reported an increase in its net profit by 78 percent to Rs. 137 crore in the quarter ended on 30th September, 2016 as compared to Rs. 77 crores during the same period a year ago. Total income also rose by 50 percent to Rs. 970 crores.
14th Oct 16 PNB Housing Finance cuts home loan rates by 10 basis points
PNB Housing has reduced its home loan rates by 10 bps. The floating home loan rates have been reduced to 9.45 per cent from 9.55 per cent while fixed rates decreased to 9.4 from 9.5 per cent. PNBHFL has also cut its loan against property rates by 25 bps to 11 per cent from 11.25 per cent. This rate cut will be effective from 14th October, 2016.
14th Oct 16 PNB Housing Finance gets SEBI approval for Rs. 2,500 Cr IPO
PNB Housing Finance got capital market regulator SEBI approval to raise Rs. 2,500 Cr through Initial Public Offering out of which a portion will be reserved for the employees. The housing finance company filed its IPO papers in July and SEBI issued its final observations on October 6th. Public sector lender PNB owns 51 percent stake in the company and after the IPO, it will continue to hold 35 to 37 per cent of the paid up share capital.
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