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PNB Home Loan Interest Rates 2021

PNB Housing Loan Interest Rate -Today

Last Updated 15th Jul 2021

Current PNB Home Loan interest rates Jul 2021 starts at 7.35% p.a. for a maximum tenure of 30 years. The 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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Current PNB Home Loan Rate

Today 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%.

Below-mentioned are PNB home loan rates for multiple housing schemes.

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

PNB Home Loan Interest Rates for Salaried and Self Employed

The home loan interest rates in PNB for salaried & non-salaried employee is mentioned in the table below:

Home Loan Interest Rate for Salaried

Loan Amount Rate
Upto ₹ 30 Lakh 7.35%
₹ 30 Lakh - ₹ 50 Lakh 7.70%
₹ 50 Lakh - 75 Lakh 7.70%
Above ₹ 75 Lakh 7.70%

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 30 Lakh 7.55%
₹ 30 Lakh - ₹ 50 Lakh 7.90%
₹ 50 Lakh - 75 Lakh 7.90%
Above ₹ 75 Lakh 7.90%

PNB Home Loan Processing Fee and Other Charges

PNB home loan processing charges are upto 0.35% of the loan amount from its home loan customers to cover its expenses of conducting credit appraisal and technical evaluation of property. PNB charges a minimum processing of ₹ 2,500 on home loan which is typically non-refundable and has to be paid at the time of loan application. In addition to 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.

Processing Fees Upto 0.35% of the loan amount; minimum processing fee of ₹ 2,500 to maximum fee of ₹ 15,000
Foreclosure Charges Nil for floating rate home loans

PNB Home Loan Balance Transfer Interest Rates

PNB home loan balance transfer facility is ideal for existing home loan customers, who are paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to PNB at a lower rate of interest, without closing the account. However, you do need to check the foreclosure charges that you have to pay to your existing lender if it is a fixed rate loan. Currently, PNB offers the lowest home loan balance transfer rate of 7.35%.

Illustration on Home Loan Interest Rate PNB
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: ₹ 1,20,150 for 5 Years loan to ₹ 2,48,379 for 30 Years loan


What is PNB Home Loan Interest Rate?

PNB Home Loan interest rate ranges between 7.35% to 8.80%. The salaried borrowers with high credit score and income are eligible to get lower interest rates.

Has PNB reduced home loan rates?

As per the current rates, PNB has cut its home loan rates by 0.35% from 7.70% to 7.35%, which is one of the best rates in the market. The new rates are effective from 08 Apr, 2021.

Why should I opt for balance transfer to PNB?

PNB offers lowest Home Loan EMI of ₹ 689 per lakh availed at the lowest interest rate 7.35% for a maximum tenure of 30 years. 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.

  • 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 housing loan rate varies across the applicant’s eligibility and the scheme they opt for. PNB offers different home loan rates for different home loan products.

Can PNB housing loan interest rate be negotiated?

Yes, if you have a good relationship with the bank and a high credit score, you can negotiate with PNB to lower the home loan rates.

What are the interest rates of home improvement loans in PNB?

You can avail of PNB home loans for home improvement at regular home loan rates starting at 6.65%.

Can PNB revise the home loan interest rates for their existing customers?

PNB home loan rates change for the existing customers if they have availed home loans at a floating rate of interest. The floating interest rates on home loans vary as per the change in market trends or in external benchmark rates such as the repo rate.

Does PNB offer a concessional home loan interest rate for women?

Yes, PNB offers special home loan interest rates for women. As against PNB home loan rates for male which is 7.35%, the home loan interest rate for women starts at %.

What is the PNB home loan rate of ₹ 25 Lakh for 15 years?

PNB home loan varies as per the loan amount. For home loan upto ₹ 25 Lakh, PNB provides home loan interest rate starting at 6.65%.

At what interest rate does an PNB employee get a home loan?

PNB offers concessional home loan rates of about 1% than the current home loan rates to PNB employees.

Is PNB home loan a floating rate loan or fixed-rate loan?

PNB home loan is offered at both fixed and floating rate. In the case of the fixed rate, the interest remains the same whereas in the case of the floating rate the home loan rates keep varying according to the market.

PNB Home Loan Reviews 3.9/5  by 4 customers
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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...

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PNB Home Loan News - Jul 2021
  • 2021-07-15 : OBC & UBI merged with PNB
    After the merger of OBC and UBI with PNB in April 2020, PNB has now updated the IFSC codes of all the branches of PNB and UBI. New IFSC codes have come into effect from July 1, 2021.
  • 2021-07-09 : PNB Asks PNB Housing Finance To Restructure Fundraising Plan
    Government-owned Punjab National Bank has written to PNB Housing Finance Ltd, asking it to consider restructuring the Rs 4,000-crore fundraising plan which involves Home Loan and Loan Against Property. The fundraising plan announced on May 31, would have pruned PNB stake in the housing finance company to around 20% from 32.6% currently and raised the shareholding of private equity firm Carlyle to over 50%.
  • 2021-06-30 : PNB to restructure loans worth Rs 6000 crores
    Under restructuring 1.0, Public sector lender Punjab National Bank (PNB) received requests for restructuring Rs 11,000 crore in corporate, retail, and MSME loans. Under the Reserve Bank of India (RBIs) restructuring 2.0 window, PNB expects to restructure loans worth Rs 5,000-Rs 6,000 crores as the impact of the second wave of the Covid-19 pandemic fades.
  • 2021-06-01 : Change in MCLR rates for PNB
    PNB has reduced the 1-year Marginal Cost of Funds Based Lending Rate (MCLR) by 0.05% to 7.30%. The revised MCLR rates came into effect from June 1, 2021. The bank has reduced the six-month MCLR to 7% while the one-year MCLR has been reduced to 7.30%. The three-year MCLR stands at 7.60% while the overnight MCLR is 6.65%. The one-month MCLR is 6.70% and the three-month MCLR is 6.80%.
  • 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.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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