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PNB Housing Finance Home Loan Interest Rates 2022

PNB Housing Finance Housing Loan Interest Rate -Today

Last Updated 21st Jan 2022

Loan AmountPNBHFL Home Loan Floating Rate
Upto ₹ 35 Lakh6.99%
₹ 35 Lakh - ₹ 50 Lakh7.15%
₹ 50 Lakh - ₹ 1.50 Cr7.15%
Above ₹ 1.50 Cr7.15%
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PNB Housing Finance Home Loan Rate

PNB Housing Finance offers home loans to both salaried individuals and self-employed at a minimum rate starting at 6.99% up to 8.70%. Apart from the interest rate, the bank also has various other charges such as PNB Housing Finance 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 Housing Finance Home Loan Processing Fee and Other Charges

PNB Housing Finance home loan processing charges are upto 1.00% of the loan amount from its home loan customers to cover its expenses of conducting credit appraisal and technical evaluation of property. 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 1.00% of the loan amount;
Part Prepayment Charges Allowed
Foreclosure Charges Nil for floating rate home loans

Interest rates on PNB Housing Finance Home Loans Schemes

PNB Housing Finance offers a housing loan interest rate at 6.99%. 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 Housing Finance 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 Housing Finance home loan rates for multiple housing schemes.

PNB Housing Finance Home Loan Scheme Interest Rates
PNBHFL Home Loan Floating6.99% - 8.70%
Residential Plot Loans8.35% - 9.75%
PNB Unnati Home Loan Floating10.75%

PNB Housing Finance Home Loan Interest Rate for Salaried and Self-Employed

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

Home Loan Interest Rate for Salaried

Loan Amount Rate
Upto ₹ 35 Lakh 6.99%
₹ 35 Lakh - ₹ 50 Lakh 7.15%
₹ 50 Lakh - 1.50 Cr 7.15%
Above ₹ 1.50 Cr 7.15%

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 35 Lakh 7.25%
₹ 35 Lakh - ₹ 50 Lakh 7.30%
₹ 50 Lakh - 1.50 Cr 7.30%
Above ₹ 1.50 Cr 7.30%

PNB Housing Finance Bank Home Loan Interest Rate For Women & Govt Employee

Loan Amount PNB Housing Finance Home Loan Rate For Women PNB Housing Finance Home Loan Rate For Govt Employee
Upto ₹ 35 Lakh 6.99% 6.99%
₹ 35 Lakh - ₹ 50 Lakh 7.15% 7.15%
₹ 50 Lakh - 1.50 Cr 7.15% 7.15%
Above ₹ 1.50 Cr 7.15% 7.15%

PNB Housing Finance Home Loan Balance Transfer Interest Rates

PNB Housing Finance 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 Housing Finance 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 Housing Finance offers the loan balance transfer rate of 6.50%.

Illustration on Home Loan Interest Rate PNB Housing Finance
Maximum Annual Percentage Rate (APR) 7.02% to 8.73%
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 Housing Finance Home Loan Interest Rate: 6.99% to 8.70%
  • Processing Fee payable to: Upto ₹ 1,000
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 665 for 30 Years ₹ 1,00,000 loan at 6.99% (lowest rate, longest time period) to ₹ 2,061 for 5 Years ₹ 1,00,000 loan at 8.70% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 7.02% to 8.73%
  • Total cost payable over loan tenure: ₹ 1,19,779 for 5 Years loan to ₹ 2,40,267 for 30 Years loan

FAQs

Has PNB Housing Finance reduced home loan rates?

As per the current rates, PNB Housing Finance has cut its home loan rates by 0.21% from 7.20% to 6.99%, which is one of the best rates in the market. The new rates are effective from 07 Oct, 2021.

Why should I opt for balance transfer to PNB Housing Finance?

PNB Housing Finance offers lowest Home Loan EMI of ₹ 665 per lakh availed at the lowest interest rate 6.99% for a maximum tenure of 30 years. If you are paying an EMI more than ₹ 665 per lakh, you should consider the option for a loan transfer to PNB Housing Finance from your existing bank. Current PNB Housing Finance balance transfer rate is 6.50%.

Can PNB Housing Finance 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 Housing Finance to lower the home loan rates. Apart from the home loan rates, you can also negotiate over the processing fee.

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

Yes, PNB Housing Finance 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 Housing Finance offer a concessional home loan interest rate for women?

Yes, PNB Housing Finance offers special home loan interest rates for women. As against PNB Housing Finance home loan rates for male which is 6.99%, the home loan interest rate for women starts at %.

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

For home loan upto ₹ 25 Lakh, PNB Housing Finance provides home loan interest rate starting at 6.99%. 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 Housing Finance employee get a home loan?

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

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

PNB Housing Finance 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 Housing Finance home loan rate today ?

PNB Housing Finance home loan rate today is in the range of 6.99% to 8.70%.The bank also charges a processing fee of upto Upto 1.00% of the home loan amount.

How much interest does PNB Housing Finance take on home loans?

The rate of interest on PNB Housing Finance home loans varies based on your eligibility, such as CIBIL score, age, repayment capacity, income etc. However, PNB Housing Finance home loan current interest rate 2021 are in the range of 6.99% to 8.70%.


PNB Housing Finance Home Loan Reviews 4.3/5  by 54 customers
MyLoanCare Service
4.4/5.0
Banks Service
4.1/5.0
RATIKANT, Kolkata
Reviewed on 06th May 2021
5 / 5 stars
PNB Housing Finance Home Loan Availed in Mar 2018

VERY GOOD SERVICES WAS PROVIDED BY THE MY LOAN CARE AS WELL AS PNB HOUSING BANK ALSO. I AM HAPPY WITRead more...

Guruavinash G, Pondicherry
Reviewed on 27th Jan 2020
5 / 5 stars
PNB Housing Finance Home Loan Availed in Jan 2020

MyLoanCare was helpful in every step of acquiring my loan on time.Read more...

Ramesh Jangiti, Hyderabad
Reviewed on 30th Sep 2019
4.5 / 5 stars
PNB Housing Finance Home Loan Availed in Jul 2019

Good follow-up on the loan by both Bank and MyLoanCare.Read more...

Sudhanya Mukherjee, Indore
Reviewed on 27th Sep 2019
5 / 5 stars
PNB Housing Finance Home Loan Availed in Jul 2019

The process was very smooth. I found good facilitation from the bank. Also good terms and easy proceRead more...

N Balakishan, Hyderabad
Reviewed on 26th Sep 2019
4.5 / 5 stars
PNB Housing Finance Home Loan Availed in Sep 2019

The executive Shubham is a really nice guy who was updating everything on time as required. I had a Read more...

Manish Gupta, Hyderabad
Reviewed on 02nd Aug 2019
5 / 5 stars
PNB Housing Finance Home Loan Availed in Jul 2019

Very good service, the team kept following up and helped me in resolving my queries. Thanks.Read more...

Ruchi katheria, Delhi
Reviewed on 01st Jun 2019
5 / 5 stars
PNB Housing Finance Home Loan Availed in May 2019

Very nicely done great job not much hassle easily done.














..... Read more...

TRUN Chauhan , Faridabad
Reviewed on 30th May 2019
5 / 5 stars
PNB Housing Finance Home Loan Availed in May 2019

Very happy with the your services and hassle free process. Excellent good job.Read more...

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PNB Housing Finance Home Loan News - Jan 2022
  • 2022-01-21 : PNB Housing Finance Announces Net profit for Q3
    PNB Housing Finance Limited (PNBHFL) has reported a 19 per cent decline in net profit for the quarter ended December 31, 2021, at ₹188 crores compared to ₹232 crores recorded in the same quarter in the previous fiscal.
  • 2021-09-27 : PNB Housing Finance Revises Home Loan Rates
    PNB Housing Finance has revised home loan rates for borrowers. A borrower can get an interest rate of 7.20% with a credit score above 800. A self employed can get loan at 7.40%, there is no change in rates of Unnati Home Loans.
  • 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%.
  • 2021-04-30 : PNB Housing Finance posted ₹127-cr net profit in Q4
    PNB Housing Finance reported a consolidated net profit of Rs 127 crore in Q4 backed by retail loans like home, personal, LAP, two-wheeler, car, education and doctor loan along with deposits which include fixed and recurring deposits. Total income during January-March was down at Rs 1,834 crore from Rs 1,952 crore in the same period of 2019-20. Interest income dropped over 7% at Rs 1,670 crore during the quarter as against Rs 1,803 crore a year earlier.
  • 2021-03-01 : PNBHFL cut its home loan rates to 7.35%
    PNBHFL reduced its home loan rates to 7.35%. The revised rates for home loan will be effective from 25th February 2021.
*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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