PNB Home Loan Interest Rate Calculator - Dec 2016

PNB Housing Finance Home Loan Interest Rates

Last Updated 09th Dec 2016
7th Dec 2016 - RBI keeps interest rates unchanged. Repo rate stays at 6.25%. CRR at 4%. 100% CRR on fresh deposits withdrawn
Interest Rate 9.30% - 9.30%
Check Special Offers
Lowest EMI Rs. 826 per lakh
Max Tenure 30 years
Processing Fee Upto 1.00%
Prepayment, Foreclosure Charges Allowed with nil charges for floating rate loans
Age Min 21 and Max 70 years for Salaried
Min 21 and Max 70 years for Self Employed
Apply Home Loan Online
 Salaried   Self Employed - Professional   Self Employed - Business 





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PNB Housing Finance Home Loan

PNB Housing Finance offers home loan to the people who want money to purchase a house, home renovation and home extension etc. The house itself acts as a security to the loan.

Home Loan PNB

Home loan interest rates offered by PNB Housing Finance depends upon PLR.
  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in PLR rate and should be chosen only if you believe that the rates will not hike in future.
  • Floating rates changes with a single change in PLR rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates.
PNB Housing Finance offers home loan based on PLR rates which is currently 14.35%.
PNB Housing Finance home loan interest rate depends upon
  • Loan amount: Home loan rate in PNB Housing Finance depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • Company where you work: PNB Housing Finance has a list of companies to which they lend Home loan. Interest rate will be less if your company is listed
  • Your Salary: Income helps you in identifying your rate of interest. PNB Housing Finance interest rate varies with your monthly income. Higher the income, less will the rate of interest

Home Loan Charges

  • Foreclosure Charges - These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. PNB Housing Finance allows prepayment of home loan with Nil prepayment charges
  • Processing Fee - PNB Housing Finance asks for a processing fee of 1.00% of loan amount with applicable service tax

PNB Home Loan EMI Calculator

    Home Loan EMI of PNB Housing Finance is a fixed amount that you pay each month towards the repayment of your home loan till the end of tenure
  • Home Loan EMI calculator of PNB Housing Finance helps you to calculate your monthly EMI at different rate of interest and also check lowest EMI per lakh on home loan.
  • You can plan your loan amount according to your monthly repayment capacity because higher the loan amount, higher will be the EMI
  • Rate of interest is an important factor which affects your EMI. Higher the interest rate, higher will be the EMI
  • Loan tenure matters equally as higher tenure reduces your EMI
What are the benefits of calculating PNB Housing Finance Home Loan EMI?
  • EMI calculator of PNB Housing Finance helps you to calculate your monthly EMI at different rate of interest
  • PNB Housing Finance Housing Loan EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly

PNB Home Loan Eligibility Calculator

Home Loan eligibility criteria PNB Housing Finance
Eligibility of House loan in PNB Housing Finance relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
  • Age: Age plays an important role to know your eligibility and repayment capacity. PNB Housing Finance offers Home loan to salaried at the age of 21 to 70 years and self employed individuals at 21 to 70 years
  • Income: In case of salaried person, PNB Housing Finance Loan eligibility significantly depends upon the income. Usually bank set minimum levels of income to apply for house loan. Salaried employee should be in government job or working with a reputed private company and getting regular salary in bank account with salary slip, form 16
  • Job stability and Profession: Job stability is important to improve your status and eligibility for Home loan from PNB Housing Finance. Minimum turnover and minimum net income criteria may apply. Business must be registered with at least one government agency such as service tax, VAT, excise, shops and establishment registrar. Other than job stability, profession is also an important factor which can affect your PNB Housing Finance eligibility. If you are working with a reputed company, probability of getting home loan from PNB Housing Finance increases as the income is considered to be more stable
  • CIBIL Score: Your past CIBIL history and repayment record of existing loans and credit cards has direct impact on your Home loan eligibility. If you have a poor repayment record, then you may not get the loan but on the other side, a regular repayment record increases your Home loan eligibility
  • Loan Amount: PNB Housing Finance gives you Home loan depending upon your income. PNB Housing Finance gives you an amount ranging from Rs. 1,500,000 to Rs. 100,000,000. To improve chances of approval, apply for a loan amount that you can comfortably service
  • Estimated eligibility online by using Eligibility Calculator.

    Home Improvement Loan

    • Home needs renovation from time to time. This type of loan is given for home requirements like upgradation of home, tiling and flooring, paints and many more.
    • Loan is disbursed after complete verification and legal documentation of the property.
    • The loan can be repaid easily in a long term of 30 years.

    Residential Plot Loans

    • PNB give loan to the customers for the construction of residential plots in an urban area.
    • PNB offers you 75 to 90% of the property value and the loan can be repaid in a period of 3 to 30 years.

    Loan for NRIs

    • PNB offers home loan to Non Resident Indians and Person of Indian Origin for purchase, construct or renovation of residential property in India.
    • The citizens with 1 year and above working experience in foreign country can apply for home loan from PNB.
    • The age of the applicant should not exceed 70 years at the time of loan maturity.

    Unnati Home Loan

    • Unnati home loans are designed for people from middle and lower income groups to fulfill their dream of buying a home at affordable EMIs. Customers with minimum income of Rs. 10000/month or above can apply for this loan.
    • You can apply for a maximum loan amount of Rs. 25 Lakh or up to 90% of the property value.
    • PNB offers you both fixed and floating interest rate for a longer tenure of 30 years.

    PNB Housing Finance Floating Rate Home Loans

    PNBHFL Home Loan Floating
    Upto Rs. 2,500,000 - 9.30%
    Rs. 2,500,001 - 7,500,000 - 9.30%
    Rs. 7,500,001 - 50,000,000 - 9.30%
    Above Rs. 50,000,000 - 9.30% linked to PLR
    PNB Unnati Home Loan Floating
    Upto Rs. 500,000 - 10.50%
    Rs. 500,001 - 1,000,000 - 10.50%
    Rs. 1,000,001 - 2,000,000 - 10.50%
    Above Rs. 2,000,000 - 10.50% linked to PLR

    PNB Housing Finance Fixed Rate Home Loans

    PNB Home Loan Fixed
    Upto Rs. 2,500,000 - 9.25%
    Rs. 2,500,001 - 7,500,000 - 9.25%
    Rs. 7,500,001 - 50,000,000 - 9.25%
    Above Rs. 50,000,000 - 9.25% linked to PLR
    PNB Unnati Home Loan Fixed
    Upto Rs. 500,000 - 10.50%
    Rs. 500,001 - 1,000,000 - 10.50%
    Rs. 1,000,001 - 2,000,000 - 10.50%
    Above Rs. 2,000,000 - 10.50% linked to PLR

    PNB Housing Finance Home Loan Top up, Transfer

    Transfer of Home Loan from another bank to PNB Housing Finance?
    PNB Housing Finance offers home loan balance transfer from another bank. This is subject to your meeting other eligibility criteria of PNB Housing Finance
    You can avail additional top-up home loan from PNB Housing Finance, subject to your eligibility

    Housing Loan PNB documents required

    Home Loan for Salaried employee PNB Housing Finance documents required

    • 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

    Home Loan for Self-Employed PNB Housing Finance documents required

    • Filled up loan application form
    • 2 Passport Size Photo
    • Identity Proof - Passport/ Driving License/ Voter ID/ PAN
    • ITR of last 3 years
    • 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

    Frequently Asked Questions

    Why to take home loan from PNB Housing Finance?
    PNB Housing Finance offers home loan at lower rate of interest i.e. at 9.30% with the lowest EMI of Rs. 826 per lakh. If you are paying EMI more than this then you can opt for balance transfer and relocate your home loan to PNB Housing Finance.
    What is the maximum loan tenure I can opt under PNB Housing Finance house loan?
    PNB Housing Finance offers you a longer tenure of 30 years to repay your home loan with a benefit of paying less EMI per month.
    Do I get tax benefit on home loan from PNB Housing Finance?
    As per Indian Income Tax Act of 1961, residents of India are eligible for tax benefits on principal amount and interest components of a home loan under the section 24 and section 80C of Income Tax Act.
    Can I foreclosure my home loan? What are the charges applicable?
    Yes, you can foreclose your home loan with Nil charges.
    Can I transfer my home loan from another bank to PNB Housing Finance?
    Yes, PNB Housing Finance gives you the facility to transfer your existing home loan with a hassle free process. Home loan balance transfer to PNB Housing Finance offers you to pay lower EMIs and save money.
    Can I club the income of my spouse with mine and apply for joint home loan?
    You can club the income of your spouse to increase your loan eligibility if the spouse is co-owner of the property or guarantor of the loan.
    What is the benchmark applicable for home loan in PNB Housing Finance?
    The benchmark applicable for home loan in PNB Housing Finance is PLR.
    What is the effect of part payments on PNB Housing Finance housing loan EMI ?
    Part payments 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 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 Finance 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 loan.
    How will interest rate on PNB Housing Finance housing loan change in future?
    • Floating interest rate on PNB Housing Finance housing loan is linked to its PLR Rate, which is currently at 14.35%. So, when PNB Housing Finance offers a home loan at 9.30%, it applies a discount of 5.05% to its PLR Rate to arrive at this home loan interest rate.
    • When RBI increases interest rates, the bank may increase its PLR rate and the applicable interest rate for all existing and new home loans would increase. When RBI cuts interest rates and the bank reduces the PLR rate, the benefit of lower rates will have to be passed to both old borrowers and new house loan accounts.

    PNB Housing Finance Home Loan in India

    PNB Housing Finance Home Loan Customer Care Number, Email, Application Status, Branches

    City Customer Care Number
    Agra 1800-120-8800, loans@pnbhousing.com
    Ahmedabad 1800-120-8800, loans@pnbhousing.com
    Ambala 1800-120-8800, loans@pnbhousing.com
    Anand 1800-120-8800, loans@pnbhousing.com
    Aurangabad 1800-120-8800, loans@pnbhousing.com
    Bangalore 1800-120-8800, loans@pnbhousing.com
    Bhilai 1800-120-8800, loans@pnbhousing.com
    Bhilwara 1800-120-8800, loans@pnbhousing.com
    Bhiwadi 1800-120-8800, loans@pnbhousing.com
    Bhopal 1800-120-8800, loans@pnbhousing.com
    Bhubaneswar Cuttack 1800-120-8800, loans@pnbhousing.com
    Bikaner 1800-120-8800, loans@pnbhousing.com
    Chandigarh 1800-120-8800, loans@pnbhousing.com
    Chennai 1800-120-8800, loans@pnbhousing.com
    Cochin 1800-120-8800, loans@pnbhousing.com
    Coimbatore 1800-120-8800, loans@pnbhousing.com
    Dehradun 1800-120-8800, loans@pnbhousing.com
    Delhi 1800-120-8800, loans@pnbhousing.com
    Durg 1800-120-8800, loans@pnbhousing.com
    Faridabad 1800-120-8800, loans@pnbhousing.com
    Gandhinagar 1800-120-8800, loans@pnbhousing.com
    Ghaziabad 1800-120-8800, loans@pnbhousing.com
    Goa 1800-120-8800, loans@pnbhousing.com
    Greater Noida 1800-120-8800, loans@pnbhousing.com
    Gurgaon 1800-120-8800, loans@pnbhousing.com
    Guwahati 1800-120-8800, loans@pnbhousing.com
    Gwalior 1800-120-8800, loans@pnbhousing.com
    Hyderabad 1800-120-8800, loans@pnbhousing.com
    Indore 1800-120-8800, loans@pnbhousing.com
    Jabalpur 1800-120-8800, loans@pnbhousing.com
    Jaipur 1800-120-8800, loans@pnbhousing.com
    Jalandhar 1800-120-8800, loans@pnbhousing.com
    Jodhpur 1800-120-8800, loans@pnbhousing.com
    Kanpur 1800-120-8800, loans@pnbhousing.com
    Karnal 1800-120-8800, loans@pnbhousing.com
    Kolhapur 1800-120-8800, loans@pnbhousing.com
    Kolkata 1800-120-8800, loans@pnbhousing.com
    Kota 1800-120-8800, loans@pnbhousing.com
    Kozhikode 1800-120-8800, loans@pnbhousing.com
    Lucknow 1800-120-8800, loans@pnbhousing.com
    Ludhiana 1800-120-8800, loans@pnbhousing.com
    Madurai 1800-120-8800, loans@pnbhousing.com
    Meerut 1800-120-8800, loans@pnbhousing.com
    Mehsana 1800-120-8800, loans@pnbhousing.com
    Mohali Sas Nagar 1800-120-8800, loans@pnbhousing.com
    Mumbai 1800-120-8800, loans@pnbhousing.com
    Mussoorie 1800-120-8800, loans@pnbhousing.com
    Nagpur 1800-120-8800, loans@pnbhousing.com
    Nashik 1800-120-8800, loans@pnbhousing.com
    Noida 1800-120-8800, loans@pnbhousing.com
    Noida Extn. 1800-120-8800, loans@pnbhousing.com
    Panipat 1800-120-8800, loans@pnbhousing.com
    Patna 1800-120-8800, loans@pnbhousing.com
    Pondicherry 1800-120-8800, loans@pnbhousing.com
    Pune 1800-120-8800, loans@pnbhousing.com
    Raipur 1800-120-8800, loans@pnbhousing.com
    Rajkot 1800-120-8800, loans@pnbhousing.com
    Ranchi 1800-120-8800, loans@pnbhousing.com
    Rohtak 1800-120-8800, loans@pnbhousing.com
    Roorkee 1800-120-8800, loans@pnbhousing.com
    Salem 1800-120-8800, loans@pnbhousing.com
    Shimla 1800-120-8800, loans@pnbhousing.com
    Sonepat 1800-120-8800, loans@pnbhousing.com
    Surat 1800-120-8800, loans@pnbhousing.com
    Trichy 1800-120-8800, loans@pnbhousing.com
    Udaipur 1800-120-8800, loans@pnbhousing.com
    Vadodara 1800-120-8800, loans@pnbhousing.com
    Varanasi 1800-120-8800, loans@pnbhousing.com
    Vijaywada 1800-120-8800, loans@pnbhousing.com
    Vizag 1800-120-8800, loans@pnbhousing.com
PNB Home Loan Interest Rate News - Dec 2016
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.
25th Jul 16 PNB Housing Finance plans to expand in tier 2, 3 cities
PNB Housing Finance is planning to expand its business to Pan India levelto meet the growing demand from tier-II and tier-III cities . At present, the company has 48 branches at 28 locations. The company is targeting 60 more locations that have a population of more than 8-9 million.
05th Jul 16 PNB Housing Finance files draft papers for Rs 2,500 Crore IPO
PNB Housing Finance approached SEBI for an Initial Public Offer worth up to Rs 2,500 crore. As stated in the Draft Red Herring Prospectus(DRHP), the company plans to raise up to Rs 2,500 crore through the initial share sale and a portion would be reserved for the employees. The housing finance company plans to use the proceeds from share sale to strengthen its capital base and for general corporate purposes . The company plans to grow business by expanding into specific target markets such as the affordable housing segment. At the end of March 2016, PNB had 51 per cent stake in the company. Post IPO, it would "continue to hold approximately 35-37 per cent of the issued and paid-up share capital", according to the DRHP
13th May 16 PNB Housing Finance net profit rises 66% in FY16
PNB Housing Finance reported a rise in net profit, income and loans sanctioned for the financial year 2015-16. While net profit rose 66 percent to Rs. 326 crore and total income grew 52 percent to Rs. 2,697 crore. Assets under management rose 59 percent to Rs. 27,555 crore as on March 31, 2016 and the company sanctioned loans worth Rs. 37,608 crore. Gross non-performing assets (NPAs) and net NPAs stood at 0.22 percent and 0.14 percent.
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