20,00,000 people visited this section in last 30 daysApply Online

Get Cashback of Upto ₹ 1,000* on Home Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

PNB Housing Finance Home Loan Interest Rates 2021

PNB Housing Finance Housing Loan Interest Rate -Today

Last Updated 09th Jul 2021

Current PNB Housing Finance 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 1.00%.

Loan AmountPNBHFL Home Loan Floating Rate
Upto ₹ 30 Lakh7.35%
₹ 30 Lakh - ₹ 50 Lakh7.70%
₹ 50 Lakh - ₹ 1.50 Cr7.70%
Above ₹ 1.50 Cr7.70%
Apply for Home Loan @ 6.65%* Get upto ₹ 1,000* Cashback Get Online Sanction in Lockdown Period

Current PNB Housing Finance Home Loan Rate

Today PNB Housing Finance home loan interest rates are in the range of 7.35% to 7.70%, 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 Housing Finance home loan rates for multiple housing schemes.

PNB Housing Finance Home Loan Scheme Interest Rates
PNBHFL Home Loan Floating7.35% - 7.70%
Residential Plot Loans8.35% - 9.75%
PNB Unnati Home Loan Floating10.75%

PNB Housing Finance Home Loan Interest Rates for Salaried and Self Employed

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

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 30 Lakh 7.55%
₹ 30 Lakh - ₹ 50 Lakh 7.70%
₹ 50 Lakh - 1.50 Cr 7.70%
Above ₹ 1.50 Cr 7.70%

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;
Foreclosure Charges Nil for floating rate home loans

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 lowest home loan balance transfer rate of 7.35%.

Illustration on Home Loan Interest Rate PNB Housing Finance
Maximum Annual Percentage Rate (APR) 7.38% to 7.73%
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: 7.35% to 7.70%
  • Processing Fee payable to: Upto ₹ 1,000
  • 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 ₹ 2,013 for 5 Years ₹ 1,00,000 loan at 7.70% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 7.38% to 7.73%
  • Total cost payable over loan tenure: ₹ 1,20,800 for 5 Years loan to ₹ 2,49,029 for 30 Years loan

FAQs

What is PNB Housing Finance Home Loan Interest Rate?

PNB Housing Finance Home Loan interest rate ranges between 7.35% to 7.70%. The salaried borrowers with high credit score and income are eligible to get lower interest rates.

Has PNB Housing Finance reduced home loan rates?

As per the current rates, PNB Housing Finance has cut its home loan rates by 0.55% from 7.90% to 7.35%, which is one of the best rates in the market. The new rates are effective from 16 Oct, 2020.

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

PNB Housing Finance 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 Housing Finance from your existing bank.

  • Floating rate on PNB Housing Finance housing loan is linked to its PLR Rate, which is currently at 14.35%. When Bank offers a Home Loan at %, it applies a discount of 14.35% to its PLR Rate to arrive at this Home Loan rate.
  • When RBI increases 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.

What is the current PNB Housing Finance Home Loan rate?

The current PNB Housing Finance Home Loan rate starts from 7.35% with a processing fee of Upto 1.00%.PNB Housing Finance housing loan rate varies across the applicant’s eligibility and the scheme they opt for. PNB Housing Finance offers different home loan rates for different home loan products.

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.

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

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

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

PNB Housing Finance 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 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 7.35%, the home loan interest rate for women starts at %.

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

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

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 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 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...

Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 7.35%. Cashback of up to ₹ 1,000.

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000 .

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.50% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 9.50%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
PNB Housing Finance Home Loan News - Jul 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%.
  • 2021-04-30 : 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.
  • 2020-07-31 : PNB Housing Finance introduced online application and verification platform
    PNB Housing Finance launched Ace - an innovative digital customer onboarding platform. The move is aimed at facilitating easier, safer approval and disbursal of home loans with a minimal physical interface.
  • 2020-06-08 : PNB Housing revised its home loan rates
    PNB Housing revised its home loan rates. The new home loan rates lie between 8.60% to 9.25%. The revised rates are in effect from 1 June 2020.
*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
Loader
Please wait while your information is being processed...