Apply Now

PUNJAB NATIONAL BANK HOME LOAN

Punjab National Bank is a banking and financial service bank owned by the government of India with its headquarters is in New Delhi, India. The bank was founded in 1894 and is the second-largest public sector bank in India, both in terms of business and its network.

Punjab National Bank (PNB) is one of the top banks in India. The bank provides a vast array of financial products to customers. One of them is a home loan. A home loan is the best option available at cheaper interest rates for any individual.

Punjab National Bank offers a wide range of products to its customers to fulfill their dreams. One such product is PNB Home Loan. available for constructing or buying a home and providing a loan amount from Rs.10 lakh up to Rs.1 crore.

Fee and Charges of Punjab National Bank Home Loan 

Particulars Details
Interest Rate 6.80% - 7.75%
Loan Amount 75% - 80% of the property cost
Loan Tenure Upto 30 Years
Processing Fee 0.50% of the transaction amount, or at a maximum of Rs. 50,000
Prepayment Cahrges NIL

PNB Bank Housing Finance Loan Features & Benefits

  • Wide range of Home Loan schemes to fulfill customer’s needs.
  • The customer has a regular source of income
  • Flexibility to extend the repayment tenure up to 30 years
  • Overdraft and top-up facility for all the customers
  • Special concession on interest for women borrowers
  • Simplified loan procedures
  • Available for both individuals and joint owners

PNB Home Loan Interest Rates

Punjab National Bank Home Loan Scheme Interest Rates Tenure
PNB Housing Loan(For Public) 6.80% - 7.40% Upto 30 Years
PNB Max Saver 6.80% Onwards Upto 30 Years
PNB Gen- Next Housing Finance Scheme (For public) 6.80% Onwards Upto 30 Years
PNB Pride Housing Loan 6.80% Onwards Upto 30 Years

Punjab National Bank Ltd. Housing Loan Schemes

1. PNB Housing Loan (For Public) 

PNB Housing Loan for public Scheme is available for the purchase of new house or flat, construction of house or flat, renovation of existing house or flat, purchase of residential flat or plot.

Eligibility Profiles  

 

Loan Amount Upto Rs. 1 Crore
Interest Rate 6.80% - 7.40%
Loan Tenure Upto 30 Years
Margin*
  • Housing Loan up to Rs. 75 lakh – 20%
  • Housing Loan Above Rs. 75 lakh – 25%
  • Purchase of Land/Plot for House Building – 25%

2. PNB Max Saver

PNB Max Saver is a housing loan in the form of overdraft. This scheme is availed for all purposes except for the purchase of land / plot.

Eligibility Profiles

  • You will have to be either a prospective borrower or an existing borrower.

  • If you are an existing loan borrower from PNB then you must have an existing loan where the disbursement of the loan amount has been made. 

  • You must ensure that you are repaying the loan on time and there is no outstanding amount payable left.

Loan Amount

Rs. 10 Lakh - Rs. 1 Crore

Interest Rate

6.80% onwards

Loan Tenure

Upto 30 Years

Margin*

Housing Loan up to Rs. 75 lakh – 20%

Housing Loan Above Rs. 75 lakh – 25%

Purchase of Land/Plot for House Building – 25%

3. PNB Gen- Next Housing Finance Scheme (For public)

This scheme is availed for home purchase or home construction.

Eligibility Profiles

  • All salaried employees must have a minimum of 3 years of work experience
  • Co-borrower will also be of salaried class
  • The age of the applicant can be up to 40 years**
  • The minimum net monthly salary should be Rs. 35,000 

Loan Amount

Minimum Rs. 20 Lakhs

Interest Rate

6.80% onwards

Loan Tenure

Upto 30 Years

Margin*

  • Housing Loan up to Rs. 75 lakh – 20%
  • Housing Loan Above Rs. 75 lakh – 25%

4. PNB Pride Housing Loan (For Government)

PNB Pride Housing Loan is available for the purchase of a new house/ flat/ plot, construction of a new house, renovation or repair of the existing house/ flat.

Eligibility Profiles

  • Should be a permanent employee of central or state government.

  • Should be a permanent employee of defense or paramilitary forces

Loan Amount

Minimum Rs. 10 Lakhs

Interest Rate

6.80% onwards

Loan Tenure

Upto 30 Years

Margin*

  • Housing Loan up to Rs. 75 lakh – 20%
  • Housing Loan Above Rs. 75 lakh – 25%
  • Purchase of Land/Plot for House Building – 25%

*Charges such as stamp duty, registration charges, and other documentation charges shall be borne by the borrower and shall not be considered towards margin money. However, such charges may be added to the cost of the house/dwelling unit for the purpose of calculating the LTV ratio in cases where the cost of the house/dwelling unit does not exceed Rs. 10 lakh. 

 Punjab National Bank  PMAY(Pradhan Mantri Awas Yojana)

This scheme by Punjab National Bank especially targets the Economically Weaker Sections of the society with a motive that these people get a home to stay. The people that fall under Economically Weaker Sections can undertake this loan to perform activities such as:

  • Purchase of House or Flat

  • Construction of House or Flat

  • Addition of rooms, modifications to be made such as expand the size of the kitchen, and other interiors of the house.

Eligibility Profiles

  • Economic Weaker Section Households

  • Households having a maximum annual income up to Rs. 3 Lakhs fall under this category.

Loan Amount

Maximum upto Rs. 30 Lakhs

Processing Fee

NIL

Loan Tenure

Upto 30 Years

Margin*

  • On loan upto Rs. 20 Lakhs - 10%
  • On loan ranging from Rs 20 Lakhs to Rs. 30 Lakhs - 20%

Eligibility Criteria for Punjab National Bank Home Loan

Before applying for a housing loan from Indusind bank, you should fulfil all basic eligibility criteria as prescribed by the bank. For the Punjab National Bank home loan application the salaried individuals and joint owners are eligible to take a loan. You will get your loan amount very soon if you meet all the required eligibility criteria once the documentation is done.

CRITERIA

DETAILS

Minimum Age

18 Years 

Maximum Age

70 Years

Minimum Income

Rs. 25,000 per month

Nationality

Indian

Employment type

Salaried/Self-Employed

Documents Required for Punjab National Bank Home Loan 

ID Proof

  • Aadhar Card

  • PAN Card

  • Driving License

  • Voter’s ID Card

  • Employment ID

Address Proof

  • Aadhar Card

  • PAN Card

  • Driving License

  • Voter’s ID Card

  • Employment ID

  • Rental Agreement

Income Proof

For Salaried

  • 3 months salary slips

  • Last 2 years ITR or FORM 16

  • Bank Statement for last 2 years

For Self-employed

  • 2 years ITR

  • Audited profit & loss account or Balance Sheet

  • Bank Statement for last 6 months

Others

  • Fully filled application form

  • Passport size photograph

Punjab National Bank  Home Loan EMI Calculator

A home loan calculator helps you to know the amount of EMIs that you need to pay towards your Home Loan. 

As a home loan can go from 20 - 30 years, so you have to be aware of your monthly installments in advance. For that, you can use the Loan EMI Calculator provided by BankSathi to calculate your monthly EMIs on your Home Loan.

The formula for the same is:

[P x R x (1+R)^N]/[(1+R)^N-1], where

  • P stands for the ‘Principal Amount’.

  • R stands for the rate of interest set by the bank.

  • N is the number of years for which the loan has been taken.

Compare other bank home loan interest rates

BANKS  INTEREST RATE
AXIS Bank Home Loan 7.75% to 9.40%
SBI Regular Home Loan 6.95% onwards 
HDFC Bank Home Loan 6.95% to 7.50%
Kotak Mahindra Bank Home Loan 7.40% to 9.70%
Yes Bank Home Loan 9.60% to 10.55%
Citi Bank Home Loan 7.34% to 8.29%
ICICI Bank Home Loan 6.95% to 8.05%
Standard Chartered Bank Home Loan Starting at 8.71%
IDBI Bank Home Loan 7.80% to 8.80%
RBL Bank Home Loan 9.75% to 10.05%
HSBC Bank Home Loan 8.55% to 8.655
HSBC Bank Smart Home Loan 11.005 to 11.505
IndusInd Bank Home Loan 8.00% to 15.00%
Bank of Baroda Home Loan 6.85% to 7.75%
Bank of India Home Loan 6.85% to 7.755
Canara Bank Home Loan 6.90% to 8.90%
Indian Bank Home Loan 7.55% to 8.40%
Punjab National Bank Home Loan Starting at 7.00%

Other products of Punjab National Bank :

1. Punjab National Bank Car Loan

2. Punjab National Bank Home Loan

3. Punjab National Bank Personal loan

4. Punjab National Bank Gold Loan

How to Apply for Punjab National Bank Home Loan Online?

  • Visit Punjab National Bank’s official site.

  • Under the Enquiries head, select the 'Home loan provisional certificate' option.

  • Enter your home loan details for which you need the desired information.

  • After entering the information, the PNB home loan statement opens.

  • You can either view, print, or can avail PNB home loan statement online download facility.

Punjab National Bank Customer Care

Contact number : 18001802222 / 18001032222

Email id : care@pnb.co.in

Financials products offered by Bank

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN

HOME LOAN

LOAN AGAINST PROPERTIES

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

Punjab National Bank Home Loan Frequently Asked Questions :

1. How to check PNB Home Loan status?

To check the status of your home loan, you can contact the bank via their customer care number. You can also personally visit the branch and meet the officer who is in charge of your application to know the status of your loan.

2. How much interest rate is provided by Punjab National Bank for home loan?

The interest rate provided by Punjab National Bank for home loan starts at 7.00% per annum.

3. What is the minimum and maximum loan amount provided by Punjab National Bank for home loan? 

The minimum loan amount provided by Punjab National Bank  for home loan is Rs.10 lakh and the maximum loan amount provided by Punjab National Bank for home loan is Rs.1 crore.

4. How much processing fees is provided by Punjab National Bank for home loan?

The processing fee provided by Punjab National Bank for home loan is 0.35% of the loan amount plus GST.

5. Is PNB Housing Finance available all over India?

Yes, Punjab National Bank has a wide network all over India.

6. Does the applicant have to make a contribution?

Yes, the applicant has to make contribution of 10% of the total cost of the property(particularly for purchasing property including registration charges and stamp duty)

7. Is there any security required for the loan?

Yes, there is need for some type of security required for the loan. This security is a first charge which is in the form of equitable mortgage to the property that is to be financed.

Last Updated on : 17/Mar/2021

Know More About

Punjab National Bank Home Loan

You're eligible for a Punjab National Bank Home Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Home Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Punjab National Bank Home Loan Interest Rates

Updated on 25 Nov 2017

Punjab National Bank Home Loan Details
Interest Rate (Monthly reducing balance) 7% - 0%
Processing Fees 0.35% of the loan amount plus GST
Loan Tenure 1 year to 30 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Home Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959