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PNB Home Loan Interest Rates 2022

PNB Housing Loan Interest Rate -Today

Last Updated 12th Jan 2022

Loan AmountPNB Repo Rate Home Loan Rate
Upto ₹ 30 Lakh6.80%
₹ 30 Lakh - ₹ 50 Lakh6.80%
₹ 50 Lakh - ₹ 75 Lakh6.80%
Above ₹ 75 Lakh6.80%
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Cashback

PNB Home Loan Rate

PNB offers home loans to both salaried individuals and self-employed at a minimum rate starting at 6.80% up to 8.80%. Apart from the interest rate, the bank also has various other charges such as PNB processing fee - that is charged over and above the loan amount, is non-refundable and has to be paid at the time of loan application and foreclosure and prepayment fee for closing or prepaying the loan before the loan tenure ends.

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
Part Prepayment Charges Allowed
Foreclosure Charges Nil for floating rate home loans

Interest rates on PNB Home Loans Schemes

PNB offers a housing loan interest rate at 6.80%. If you want to avail of the home loan at the lowest rates, you should have a good CIBIL score, debt-income ratio and repayment capacity. In addition, PNB home loan interest rates are lower for existing customers of the bank and individuals who are working with reputed corporations with a stable employment history.

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

PNB Home Loan Scheme Interest Rates
PNB Repo Rate Home Loan6.80% - 8.80%
PNB Pride7.15% - 7.30%

PNB Home Loan Interest Rate for Salaried and Self-Employed

The home loan interest rates in PNB for salaried and self-employed is mentioned in the table below:

Home Loan Interest Rate for Salaried

Loan Amount Rate
Upto ₹ 30 Lakh 6.80%
₹ 30 Lakh - ₹ 50 Lakh 6.80%
₹ 50 Lakh - 75 Lakh 6.80%
Above ₹ 75 Lakh 6.80%

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 30 Lakh 6.80%
₹ 30 Lakh - ₹ 50 Lakh 6.80%
₹ 50 Lakh - 75 Lakh 6.80%
Above ₹ 75 Lakh 6.80%

PNB Bank Home Loan Interest Rate For Women & Govt Employee

Loan Amount PNB Home Loan Rate For Women PNB Home Loan Rate For Govt Employee
Upto ₹ 30 Lakh 6.80% 6.80%
₹ 30 Lakh - ₹ 50 Lakh 6.80% 6.80%
₹ 50 Lakh - 75 Lakh 6.80% 6.80%
Above ₹ 75 Lakh 6.80% 6.80%

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 loan balance transfer rate of 6.50%.

Illustration on Home Loan Interest Rate PNB
Maximum Annual Percentage Rate (APR) 6.81% 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: 6.80% to 8.80%
  • Processing Fee payable to: Upto ₹ 350
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 652 for 30 Years ₹ 1,00,000 loan at 6.80% (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: 6.81% to 8.81%
  • Total cost payable over loan tenure: ₹ 1,18,592 for 5 Years loan to ₹ 2,35,045 for 30 Years loan


Has PNB reduced home loan rates?

As per the current rates, PNB has cut its home loan rates by 0.9% from 7.70% to 6.80%, 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 ₹ 652 per lakh availed at the lowest interest rate 6.80% for a maximum tenure of 30 years. If you are paying an EMI more than ₹ 652 per lakh, you should consider the option for a loan transfer to PNB from your existing bank. Current PNB balance transfer rate is 6.50%.

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:

  • 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

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.

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. Apart from the home loan rates, you can also negotiate over the processing fee.

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

Yes, PNB offers concessional rates to the existing customers, and you can negotiate with the bank to offer you the revised 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 6.80%, the home loan interest rate for women starts at %.

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

For home loan upto ₹ 25 Lakh, PNB provides home loan interest rate starting at 6.80%. However, you can get the lowest rates if you have a good relationship with the bank, work with top corporations, have a good CIBIL score and have stable income sources.

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 rates. In the case of the fixed-rate, the interest remains the same throughout the tenure. On the other hand, the home loan rates vary as per the market fluctuations for floating home loan rates.

What is the PNB home loan rate today ?

PNB home loan rate today is in the range of 6.80% to 8.80%.The bank also charges a processing fee of upto Upto 0.35%, Minimum ₹ 2,500 Maximum ₹ 15,000 of the home loan amount.

How much interest does PNB take on home loans?

The rate of interest on PNB home loans varies based on your eligibility, such as CIBIL score, age, repayment capacity, income etc. However, PNB home loan current interest rate 2021 are in the range of 6.80% to 8.80%.

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...

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PNB Home Loan News - Jan 2022
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    Punjab National Bank (PNB) has posted a profit of 78 percent in net profit at Rs 1,105 crore for the second quarter ended September 30, 2021. Last year, the lender posted a net profit of Rs 620.81 crore during the corresponding quarter a year ago.
  • 2021-10-21 : PNB Launches Festive Bonanza Offer
    Punjab National Bank (PNB) has introduced the festival bonanza offer. The lender is offering a home loan at an interest rate of 6.60 percent and processing fees, as well as documentation charges, are waived off. Also, instant top-up loans are available at 7.15 percent.
  • 2021-10-11 : Punjab National Bank Introduces 6S Campaign
    Punjab National Bank (PNB) has launched the 6S Campaign. The campaign consists of schemes like Swabhiman, Samruddhi, Sampark and Shikhar, Sankalp and Swagat. The objective of the campaign is to spread awareness about the development of financial services and accelerate credit growth, improve penetration of social security schemes and drive digital banking push.
  • 2021-09-20 : PNB Introduces Festival Bonanza Offer
    Punjab National Bank (PNB) has introduced a festival bonanza offer under which they reduced home loan interest to 6.80%. Also, the lender has waived off processing fees and documentation charges on all retail loans like home loans, personal loans, car loans, gold loans, property loans. These charges are valid till December 31, 2021.
  • 2021-09-01 : Punjab National Bank introduces Festive Bonanza offer
    Punjab National Bank (PNB) has waived off processing fees and documentation charges on a Personal loan, Home loan, Gold loan and Vehicle loan. The lender is offering a home loan at 6.80%, personal loan at 8.95% and a car loan at 7.15%.
*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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