PNB Housing Finance NRI Home Loan
PNB Housing offers prospective Non-Resident Indian (NRI) and Persons of Indian Origin (PIO) borrowers a wide array of home loan options with the rate of interest starting at 8.25% p.a. over a maximum loan repayment period of 15 years. The housing loans offer flexible repayment schemes with EMI per lakh as low as Rs.1,029.
Interest Rates for PNB HFL NRI Home Loan
Up to Rs.35 lakh | More Than Rs.35 lakh |
8.25% p.a. | 8.25% p.a. |
PNB HFL NRI Home Loan Interest Rates as Per CIBIL Score
Here are the interest rates for up to Rs.35 lakh loan amount offered under PNB HFL NRI home loan schemes:
Credit Score | Salaried | Non-Salaried |
More than equal to 825 | 8.25% to 9.75% | 8.55% to 10.05% |
More than 800 to 825 | 8.80% to 10.30% | 8.90% to 10.40% |
More Than 775 to 799 | 9.05% to 10.55% | 9.55% to 11.05% |
More than 750 to less than equal to 775 | 9.15% to 10.65% | 9.70% to 11.20% |
More than 725 to less than equal to 750 | 9.40% to 10.90% | 10.10% to 11.60% |
More than 700 to less than equal to 725 | 9.75% to 11.25% | 10.45% to 11.95% |
More than 650 to Less than 700 | 10.15% to 11.65% | 10.65% to 12.15% |
Up to 650 | 10.15% to 11.65% | 10.65% to 12.15% |
NTC Cibil more than equal to 170 | 9.95% to 11.45% | 10.35% to 11.85% |
NTC Cibil less than 170 | 10.05% to 11.55% | 10.45% to 11.95% |
Here are the interest rates for more than Rs.35 lakh loan amount offered under PNB HFL NRI home loan schemes:
Credit Score | Salaried | Non-Salaried |
More than equal to 825 | 8.25% to 9.75% | 8.55% to 10.05% |
More than 800 to 825 | 8.85% to 10.35% | 8.95% to 10.45% |
More than 775 to 799 | 9.15% to 10.65% | 9.70% to 11.20% |
More than 750 to equal to 775 | 9.25% to 10.75% | 10.05% to 11.55% |
More than 725 to equal to 750 | 9.55% to 11.05% | 10.15% to 11.65% |
More than 700 to equal to 725 | 9.95% to 11.45% | 10.65% to 12.15% |
More than 650 to equal to 700 | 10.35% to 11.85% | 10.85% to 12.35% |
Up to 650 | 10.35% to 11.85% | 10.85% to 12.35% |
NTC Cibil more than equal to 170 | 10.15% to 11.65% | 10.55% to 12.05% |
NTC Cibil less than 170 | 10.25% to 11.75% | 10.65% to 12.15% |
Loan Amount
Loan Slab | Maximum Funding* |
Up to Rs.75 lakh | 80% of the market value of the property |
Above Rs.75 lakh | 75% of the market value of the property |
*The maximum funding offered by PNB Housing is dependent on the applicant's repayment capacity as determined by the bank.
Eligibility Criteria
Age |
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Resident Status |
|
Employment Status |
|
Documents Required
Age Proof (any one) |
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Address Proof (any one) |
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Income Proof |
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Property Documents |
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Other Documents |
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*Note: All documents mentioned above are required to be self-attested by the applicant.
Features of PNB Housing NRI Home Loans
- The minimum down payment on the loan is 20% of the property cost.
- PNB Housing offers the facility of enhancing the loan amount if the costs involved are escalated.
- PNB HFL has tied up with prominent insurance provider Bharti AXA to insure your home.
- The floating rates of interest on the housing loans are linked to PNB Housing's internal benchmark rate i.e. PNBHFR.
- You can make repayments either through the Electronic Clearance System or Post-Dated Cheques.
FAQs on PNB Housing Finance NRI Home Loans
- How can I improve the maximum loan amount I am eligible for?
You can consider adding a co-applicant while applying for the home loan. A co-applicant can be your immediate family member such as your spouse, parents, or children. Adding a co-applicant can increase the loan amount you are eligible for as the co-applicant's income will also be considered while determining your home loan eligibility. All co-owners of the property are required to be co-applicants while applying for a loan. However, all co-applicants need not be the co-owners of the property.
- Will the stamp duty and registration charge be included in my down payment cost?
Yes. Your down payment will be inclusive of other charges such as registration charges and stamp duty.
- When does the loan disbursal process begin?
The lender shall disburse the loan only after the property has completed the legal documentation process and has been technically appraised.
In the case of purchase of a residential unit being resold, the loan will be disbursed as a lumpsum to the seller directly after you have made your own contribution.
In case of an under-construction property, the loan amount shall be disbursed in regular periods based on the progress of completion of the property.
- What is the loan repayment period?
In case of purchase or construction of a residential unit, you can avail a loas with a repayment period up to 15 years. However, in the case of home improvement loans, the maximum loan repayment period is 10 years.
- Do I have to provide security/collateral for the loan?
Yes, you will be required to provide an equitable mortage of the property you are availing the loan for. You can also consider providing other collateral securities acceptable to PNB Housing. In some cases, you might also be required to submit additional security if asked for by the lending institution.
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