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PUNJAB NATIONAL BANK HOME LOAN 

Punjab National Bank Home Loan Details 

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 the customers. One of them is a home loan. A home Loan is the best option available at cheaper interest rates for any individual.

Home Loan is offered to individuals who wish to purchase or construct a house. The property is mortgaged to the land or as a security till the repayment of the loan. Punjab National Bank offers a wide range of products to its customers to fulfil their dreams. It is available for constructing or buying a home and providing a loan amount from Rs.10 lakh upto Rs.1 crore.  You can apply for a home loan from Punjab National Bank by either applying for it online or by visiting the nearest branch of the bank with proper documents. Punjab National Bank home loan offers an attractive interest rate to its customers starts at 7.00% per annum with the flexibility of the repayment tenures. 

Punjab National Bank Home Loan Purposes

  • Construction of house or flat

  • Purchase of build house or flat

  • Expansion of flat or house

  • Purchase of land or plot

Benefits of Punjab National Bank Home Loan 

1. Wide range of home loan schemes to suit every customers needs

2. Customer have a regular source of income 

3. Flexibility to extend the repayment tenure upto 30 years

4. Overdraft and top up facility for all the customers

5. Special concession on interest for women borrowers

6. Simplified loan procedures

7. Available for both individuals and joint owners

Fee and Charges of Punjab National Bank Home Loan 

To apply for a home loan you have to pay fees and charges applied by the Punjab National  Bank. It covers all charges and fees made by a bank to their customers.The following charges are taken from Indusind Bank i.e processing fee, prepayment / foreclosure charges, documentation charges etc.

TYPE 

CHARGES 

Processing fee 

0.35% of the loan amount plus GST

Part payment and foreclosure charges 

NIL 

Documentation charges

Upto Rs.2500

Security verification / Inspection charges 

Rs.250 plus GST

Eligibility Criteria for Punjab National Bank Home Loan 

Before applying for a home 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.

1. The minimum age of the customer is 18 years at the time of avail a loan 

2. The maximum age of the customer is 70 years at the time of loan maturity

3. Available for both individuals and joint owners.

4. Customer have a regular source of income

5. Minimum income is Rs.25000 per month

6. Must be an Indian Resident

Documents Required for Punjab National Bank Home Loan 

Any applicant who is going to avail a home loan must have to submit the following documents. These documents are the requirements for the lenders who are providing you the amount of loan.

1. Fully filled signed application form 

2. Passport size photograph

3. ID Proof : Aadhaar Card, PAN Card, Driving License, Passport, Voter identification, Employment id

4. Address Proof : Aadhar Card, Rental agreement, Voter id, Driving license, Passport, Employment id 

5. Income Proof : For salaried employees = 3 months salary slip, last 2 years ITR Return or form 16, Bank statement for last 2 months showing that the salary has been credited

6. For Self employed individuals / professionals = 2  years ITR return, Profit & loss account and Balance sheet computation with CA seal and sign, Bank statement for the last 6 months.

Punjab National Bank Home 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.

Loan Amount 

Interest Rate 

Tenure 

Upto Rs.1 crore 

7.00% to 7.40% 

Upto 30 years 

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.

Loan Amount 

Interest Rate 

Tenure 

Rs.10 lakh to Rs.1 crore 

7.00% onwards 

Upto 30 years 

3. PNB Gen- Next Housing Finance Scheme for public 

This scheme is availed for home purchase or home construction.

Loan Amount 

Interest Rate 

Tenure 

Minimum Rs.20 lakh

7.00% onwards 

Upto 30 years 

4. PNB Pride Housing Loan 

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.

Loan Amount 

Interest Rate 

Tenure 

Minimum Rs.10 lakh

7.00% onwards 

Upto 30 years 

Compare other bank home loan interest rates 

BANKS 

INTEREST RATE

AXIS Bank Asha Home Loan

Starts at 10.05% onwards 

AXIS Bank Shubh Aarambh Home Loans

Starts at 7.75% onwards

AXIS Bank Fast Forward Home Loans

Starts at 7.75% onwards

AXIS Bank Home Loan

7.75% to 9.40%

AXIS Bank Empower Home Loan

Start at 9.55% onwards 

AXIS Bank Super Saver Home Loan

8.15% to 8.30%

AXIS Bank TopUp Loan

8.90% to 9.15%

SBI NRI Home Loan

6.95% onwards

SBI Flexipay Home Loan

7.40% onwards 

SBI Privilege Home Loan

6.95% onwards 

SBI Regular Home Loan

6.95% onwards 

SBI Shaurya Home Loan

6.95% onwards 

SBI Pre-approved loan

6.95% onwards 

SBI Realty Home Loan

7.65% onwards

SBI Home Top Up Loan

7.90% onwards

SBI Bridge Home Loan

9.50% to 10.50%

SBI Tribal plus Home Loan

6.75% onwards

SBI Earnest Money Deposit

10.45% onwards

SBI Reverse Mortgage Loan

8.05% onwards

SBI CRE Home Loans

7.45% 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 Loans 

There are two ways to apply for home loans from Punjab National Bank :

1. Offline method : By visiting nearest bank branch

2. Online Method :

  • First of all first visit to official website of Punjab National Bank

  • In retail section go to the “loans”

  • Now click in home loan

  • After that go to “Home loan”

  • Now click on apply now and fill application form 

Punjab National Bank Customer Care

Contact number : 18001802222 / 18001032222

Email id : care@pnb.co.in

How to calculate EMI of Punjab National Bank Home Loan 

The following formula is used to calculate EMI of Indusind Bank Home Loan :

EMI = [PXRX(1+R)^N] / [(1+R)^N-1]

Where,

P stands for Loan Amount

R stands for Interest Rate

N stands for tenure in number of months 

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 pay PNB Home Loan online?

You can repay the amount on EMI or bullet payment basis. Payments can also be made online by using the net-banking feature.

2. 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.

3. 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.

4. 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.

5. 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.

Last Updated on : 20/Aug/2020

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