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PNB Home Loan Interest Rates 2021

PNB Housing Loan Interest Rate

Last Updated 12th Apr 2021

Current PNB Home loan interest rates for Apr 2021 starts at 7.35% p.a. for a maximum tenure of 30 years. Processing fee on its housing loans is Upto 0.35%, Minimum ₹ 2,500 Maximum ₹ 15,000.

Loan AmountPNB Repo Rate Home Loan Rate
Upto ₹ 30 Lakh7.35%
₹ 30 Lakh - ₹ 50 Lakh7.70%
₹ 50 Lakh - ₹ 75 Lakh7.70%
Above ₹ 75 Lakh7.70%
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PNB Home Loan Interest Rates

PNB offers various products on home loan. PNB home loan can be used for the purchase of a flat, home construction loan, extension or improvement loan.


  • PNB Home Loan Interest Rate starts from 7.35%.
  • PNB charges a processing fees of Upto 0.35%, Minimum ₹ 2,500 and Maximum ₹ 15,000.
  • Loan Tenure of Home Loan ranges from 5 years to 30 years.
  • Lowest EMI per lakh on home Loan from PNB is ₹ 689 per lakh offered at the lowest interest rate of 7.35% at the longest loan tenure of 30 years.
  • PNB allows prepayment of home loans with Nil charges on floating rate loans.
  • PNB has an average customer rating of 3.9/5.0 from customers who have taken a home loan from the bank.

PNB Home Loan Rate

Current PNB home loan interest rates are in the range of 7.35% to 8.80%, with special discounted rates for specific categories of borrowers such as women borrowers for whom the bank offers the lowest interest rate of 7.35%. The table below gives the interest rates on various housing finance schemes of PNB.

PNB Home Loan Scheme Interest Rates
PNB Pride7.15% - 7.30%
PNB Repo Rate Home Loan7.35% - 8.80%

PNB Home Loan Charges

PNB Home Loan Processing Fee

The bank charges a minimum processing of ₹ 3,000. The processing fees is typically non-refundable and has to be paid at the time of loan application. In addition to PNB housing loan processing fees, the bank also charges certain technical and legal charges which are explained to the customer during the loan process and are payable once the loan application proceeds further.

PNB Home Loan Documents

Documents for Salaried employees

  • Filled up loan application form
  • 2 Passport Size Photo
  • ITR of last 2 years
  • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
  • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
  • Income Documents – 6 months payslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit
  • Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension

Documents for Self-Employed

  • Filled up loan application form
  • 2 Passport Size Photo
  • Identity Proof - Passport/ Driving License/ Voter ID/ PAN
  • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
  • Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile
  • Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension

Home Loan PNB Schemes

PNB offers customized schemes for specific customer segments designed to meet their loan requirements. Some of the popular products with their basic features are as follows:

Repo Rate Linked Home Loan

  • This loan is available for individuals who want to buy a residential property through a home loan.
  • Existing home loan borrowers can also choose to transfer their loan under this scheme.
  • As per RBI guidelines, it is mandatory for all banks to link their loan interest rates with the repo rate.
  • The scheme is available for new borrowers as well as existing borrowers.
Key Loan Terms
  • Home loan available at the age of The minimum age required to avail the loan is 18 years, while the maximum age is 60 years.
  • Loan amount that you can borrow ranges from ₹ 10 Lakh to ₹ 1 Cr
  • Option to apply for a maximum ltv of 80% of value of the property
  • Housing loan for a maximum period of 30 years

PNB Pradhan Mantri Awas Yojana

The government of India has launched many affordable housing loan schemes to facilitate availing home loan at concessional rates to lower and middle-income groups. Some of the popular schemes are:

a) PMAY or Home Loan Subsidy Scheme: Launched in 2015 to provide houses to the homeless. You can apply for PMAY at PNB if you fulfil the eligibility criteria. Know more about PMAY Scheme

b) Pradhan Mantri Gramin Awas Yojana:  It focuses on homeless families and offers pucca houses with basic amenities.

c) DDA Housing Scheme: It aims to provide houses to low, middle, and high-income groups.

d) Tamil Nadu Housing Board Scheme: It started in 1961 to provide houses to varied income groups.

e) Mhada Lottery Scheme: It's a lottery scheme launched every year for buyers of varied income groups.

f) Rajiv Awas Yojana: Launched in 2009 with the aim of bringing illegal construction under the formal system and encouraging slum-free India.

Each of these schemes has its conditions with respect to eligibility, the amount of loan that can be borrowed, and the rate of interest.

Illustration on PNB Home Loan Interest Rate
Maximum Annual Percentage Rate (APR) 7.36% to 8.81%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 5 Years to 30 Years
  • PNB Home Loan Interest Rate: 7.35% to 8.80%
  • Processing Fee payable to: Upto ₹ 350
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 689 for 30 Years ₹ 1,00,000 loan at 7.35% (lowest rate, longest time period) to ₹ 2,066 for 5 Years ₹ 1,00,000 loan at 8.80% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 7.36% to 8.81%
  • Total cost payable over loan tenure: ₹ 20,150 for 5 Years loan to ₹ 1,48,379 for 30 Years loan


What is PNB Home Loan interest rate?

PNB Home Loan interest rate ranges between 7.35% to 8.80%.PNB cuts Home Loan rates by 0.4% from 1.05%.

Why should I opt for balance transfer to PNB?

PNB offers competitive Home Loan rates with the best EMI of ₹ 689 per lakh availed at a low-interest rate of 7.35% for a maximum tenure of 30 years. If you are paying an EMI more than ₹ 689 per lakh, you should consider the option for a loan transfer to PNB from your existing bank. EMIs can be calculated through PNB Home Loan EMI calculators.

Do I get tax benefits on a Home Loan from PNB?

As per the Indian Income Tax Act of 1961, residents of India are eligible for tax benefits on the principal amount and interest components of a house finance under section 24 and section 80C of Income Tax Act.

What is the effect of part prepayments on PNB housing finance EMI ?

Part prepayments help you in reducing the outstanding amount of loan, which in turn will reduce the interest amount due. After making part payments, paying the same Home Loan EMI will increase your involvement towards the principal amount, which will help you in repaying the loan faster.

How to increase my eligibility on PNB housing loan?

If your spouse or family member is earning well, you can make your spouse or family member the co-applicant for your loan. The combination of both of your income will help you in increasing your eligibility to get a loan.

  • On conversion of loan from fixed rate to floating rate, charges are 2% of the outstanding loan amount and applicable tax
  • On floating rate to fixed rate loan conversion, you will be charged 0.5% of the outstanding principal and applicable tax

How much margin would I have to pay on Home Loan?

S. NO. Loan Amount Margin
1Up to ₹ 20 Lacs15%
2Above ₹ 20 Lacs to upto ₹ 75 Lacs20%
3Above ₹ 75 Lacs25%

Can I convert my Home Loan rate from fixed rate to floating rate or vice-versa? What are the charges applicable?

Yes, you can convert your Home Loan rates from fixed rate to floating rate and vice-versa. The charges applicable are as following:

Am I eligible for top up on my existing Home Loan?

PNB allows you to top up your existing Home Loan at any time during your loan tenure.

What is the current PNB Home Loan rate?

The current PNB Home Loan rate starts from 7.35% with a processing fee of Upto 0.35%, Minimum ₹ 2,500 and Maximum ₹ 15,000

PNB Home Loan Reviews 3.9/5  by 4 customers
MyLoanCare Service
Banks Service
praveen gupta, Agra
Reviewed on 17th May 2018
3.5 / 5 stars
PNB Home Loan Availed in May 2018


Akash Patel, Mumbai
Reviewed on 15th Jan 2018
5 / 5 stars
PNB Home Loan Availed in Jan 2018

It was wonderful experience and one should avail house loan from PNB as it is customer friendly and Read more...

sajal gupta, Ghaziabad
Reviewed on 26th Dec 2017
4.5 / 5 stars
PNB Home Loan Availed in Dec 2017

Experience was good but cashback provided very less than others. I just held my commitment and suffeRead more...

Venkatesan, Ghaziabad
Reviewed on 27th Aug 2014
2.5 / 5 stars
PNB Home Loan Availed in Jun-17

Government bank. Good choice for north Indians. Bank staff very cooperative. Rate of interest was alRead more...

PNB Home Loan News - Apr 2021
  • 2021-02-08 : PNB reported net profit of 506 crores
    PNB posted an 18.5% year-on-year decline in its net profit to Rs 506 crore for the quarter ended December. Further, the bank reported net interest income on the back of retail loans like home, personal, car, two-wheeler and gold loans along with business and mudra loans at Rs 8,313 crore.
  • 2020-12-29 : PNB completes IT integration of all branches of two merged entities
    Punjab National Bank clarified that the customers of the former OBC Bank are now migrated to CBS of PNB wherein they can transact seamlessly via existing branches and digital banking channels like internet banking and mobile banking. The amalgamation of PNB, United Bank of India and OBC has come into effect from April 1, this year. The merger created the second-largest nationalized bank in terms of business and total branches.
  • 2020-12-02 : PNB launched loan management solution to speed up delivery
    Punjab National Bank launched a tech-based loan management solution called LenS-The Lending Solution. It is aimed at speeding up and maintaining accuracy in online loan processing and sanctioning of credit proposals. It will be implemented in a phased manner for all kinds of loans including MSME, agriculture, retail and other credit.
  • 2020-11-03 : PNB reported an 18% decline in Q2 net profit
    PNB posted a 22% increase in net profit to Rs 621 crore in the second quarter against Rs 507 crore in the year-ago period. Bank net interest income rose to Rs 8,393 crore and the bank’s net interest margin improved to 3.21% for the quarter ended September. Further, PNB’s total income backed by retail loans like home, personal, gold, two-wheeler and car loans along with mudra and business loans stood at Rs 23,439.
  • 2020-08-25 : PNB to offer one-time loan restructuring option
    Punjab National Bank is planning to provide a one-time loan restructuring window to corporate and retail loans like home, personal, gold, two-wheeler, car, along with business and mudra loans. The plan is to assist customers whose income has decreased due to COVID-19 pandemic and subsequent lockdown.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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