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.
17th Feb 17 PNB Housing Finance launches EMI step up plan for self employed loan borrowers
PNB Housing Finance has launched a new EMI scheme called EMI Step up Plan for self employed loan borrowers across home loan and loan against property segment. Under the scheme, borrowers who have taken loan of Rs. 50 lakh and above can opt to pay a lower EMI initially and can gradually increase the EMI to match an increase in their income. This is expected to ease the loan burden on borrowers in the initial years of their career.
08th Feb 17 PNB Housing Finance signs MoU with CREDAI to train construction workers in West Bengal
PNB Housing Finance Limited has signed memorandum of understanding with CREDAI West Bengal to provide skill based training to 1,000 construction workers in Kolkata. As per the MoU, 50 percent of the training cost will be borne by PNBHFCL and the state government with the remaining 50 percent borne by the developer of the construction site. The training program is expected to increase the number of skilled workers in West Bengal and speed up the pending construction work.
31st Jan 17 PNB Housing Finance to raise funds worth Rs. 1,025 crore via NCDs
PNB Housing Finance is planning to raise funds worth Rs. 1,025 crore via non convertible debentures (NCDs) on a private placement basis. The debentures with a tenor of 3 years and 3 months will carry a coupon rate of 7.46 percent, payable semi annually.
25th Jan 17 PNB Housing Finance registers growth of 53 percent in its net profit in third quarter of FY17
PNB Housing Finance has reported a growth of 53 percent in its net profit at Rs. 137 crore in third quarter of FY17 as compared to Rs. 90 crore for the corresponding period a year ago. Gross non- performing assets of the NBFC have risen to 0.37 percent during this quarter as compared to 0.35 percent during the same quarter a year ago.
24th Jan 17 PNB Housing Finance to invest Rs. 300 crore in a realty developer commercial project
PNB Housing Finance has entered into an agreement with the realty developer, Parinee Group to invest Rs. 300 crore in its commercial project. The funding is expected to be done in instalments with tenure of four years. The commercial project is an office complex being built in Andheri, western suburb of Mumbai.
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