PNB Housing Finance Home Loan
Punjab National Bank offers a variety of home loan schemes at competitive rates starting from 7.50% p.a. You have the flexibility to extend the repayment tenure to 30 years (maximum).
The processing fee applicable is 0.35% of the loan amount plus GST. EWS, LIG, and MIG applicants can enjoy subsidised rates under the PMAY scheme through PNB.
Punjab National Bank, one of the public sector banks in the country offers a variety of home loans. Some of the housing loans offered are - PNB Max Saver, PNB Gen-Next Housing Finance, PNB Pride Housing loan. The bank offers home loan in excess of Rs.75 lakh at attractive interest rates.
- Housing loan for Public/Gen-Next Housing loan
- There is no cap on the maximum loan amount that can be availed, subject to maintenance of the prescribed Loan to Value (LTV) ratio
- The repayment period for the loan is 30 years
- Can be availed by IT professionals, PSBs/PSUs/Government employees
Compare: Home Loan Interest Rate all Banks
Processing fee: 0.35% of the loan amount (Min of Rs.2,500 and Max of Rs.15,000)
- PNB Max Saver
- Allow beneficiaries to deposit their surplus funds in the overdraft account
- A minimum of Rs.10 lakh can be availed as loan
- The present outstanding of the loan amount is taken into consideration for conversion of the loan under this variant
- Interest Rate: 7.65% (floating rates) p.a. onwards and 8.65% p.a. (fixed rates)
- PNB Pride Housing Loan
- Can be availed at attractive rates.
- The loan can be repaid over 30 years inclusive of the moratorium period.
- A maximum of Rs.50 lakh.
- Processing fee: 0.35% of the loan amount
- Interest rate starting at 8.30% p.a. onwards (floating rate
- Home Loan (CRE Category
- The interest rate offered ranges between 8.00% p.a. (floating) and 9.00% p.a. (fixed).
PNB Home loan EMI Calculator
Planning to avail a home loan from Punjab National Bank? Consider using the Home Loan EMI Calculator provided by BankBazaar to ascertain the EMIs that would be needed to be paid. All you need to do in order to find the payable EMI is enter details like the loan amount, tenure, interest rate, processing fee, etc. and click the 'Calculate' button.
The website also allows you to see the amortisation table. The table helps you understand the repayment schedule as to how much of the EMI is posted towards the principal and interest on a monthly and yearly basis.
Punjab National Bank Home Loan Eligibility Criteria
- Can be availed by both individuals and joint owners
- Must be above 18 years of age
- Should not be older than 70 years at the time of loan maturity
- Should have a regular source of income
Documents required for PNB Home Loan
The documents listed below are needed to be submitted to the bank officials in order to avail a housing loan from Punjab National Bank:
- Duly completed loan application form
- Photograph
- Proof of Identity
- Proof of Residence
- Proof of Age
- Proof of educational qualification
- Proof of Income
- Property documents
- Bank Statement for the last six months
- Income proof of joint borrowers/spouse/earning children (if applicable)
- (Income Tax Returns)ITR for the last 3 years
- Assessment order and computation of income statement
- For Salaried Class
- Income Tax Return/Salary certificate indicating gross and net salary issued by the employer
- Bank statement of salary account for the previous 6 months
- For Agriculturist: Record of cropping pattern and land holding or any other proof of income
Note: The bank officials may ask for additional documents as per the requirement of the case. So, cross verify with the bank officials regarding the documents which need to be submitted.
Punjab National Bank (PNB) Pradhan Mantri Awas Yojana
The bank for the purpose of purchase, construction, and expansion of a house offers housing loan to individuals from the Economically Weaker Section (EWS), Low Income Group (LIG), and Middle-Income Group.
The loan is provided through the Credit-Linked Subsidy Scheme (CLSS) under the Pradhan Mantri Awas Yojana (PMAY) scheme. The interest subsidy is available at rates which range from 8.85% and 9.25% (for advances linked to MCLR and RLLR, respectively) depending on the category under which the beneficiary falls.
The table listed below highlights the category, annual household income, and interest subsidy available under CLSS
Category | Annual Household Income | Interest Subsidy |
Economically Weaker Section (EWS) | Up to Rs.3 lakh | 6.50% |
Low Income Group (LIG) | Rs.3 lakh to Rs.6 lakh | 6.50% |
Middle Income Group - I | Up to Rs.9 lakh | 4% |
Middle Income Group - II | Up to Rs.12 lakh | 3% |
Compare PNB Home Loan Interest Rate with other Banks
The following are the home loan interest rates for other banks:
Name of Bank | Interest Rate |
7.50% p.a. onwards | |
8.45% p.a. onwards | |
8.75% p.a. onwards | |
8.75% p.a. onwards | |
8.20% p.a. onwards | |
8.75% p.a. onwards | |
7.50% p.a. onwards | |
8.80% p.a. onwards | |
8.85% p.a. onwards | |
Bajaj Housing Finance | 7.99% p.a. onwards |
FAQs on Punjab National Bank Home Loan
- At what discounted rate is the net present value of the interest subsidy calculated under PMAY?
The net present value of the interest subsidy is calculated at the discounted rate of 9%.
- What is the maximum loan tenure for which subsidy is available under PMAY scheme?
The maximum loan tenure for which subsidy is available under PMAY scheme is 20 years.
- For what purposes can I avail a home loan from Punjab National Bank?
The purpose for which housing loan can be availed from Punjab National Bank are as follows:
Construction of house or flat, Purchase of built house or flat, Expansion of house/flat, Purchase of land or plot, and To meet cost escalation in cases of under-construction flats.
- Who is eligible for a PNB housing loan?
Housing Loans are available to people in India who are between the ages of 18 and 70 years, have a regular source of income, and want to buy residential properties.
- Can I obtain in-principle approval and receive the home loan later?
PNB will grant you initial approval according to your income and ability to repay the loan before you select the house you wish to purchase. This simplifies the process of finding and selecting a house.
- What is the validity of the in-principle approval?
You have six months from the date of this in-principle approval to select the flat or house of your choice.
- Can I obtain a loan from PNB to purchase a plot?
Yes, you can obtain loans to purchase plots for up to 75% of the plot's cost. Plot purchase loans are limited to 60% of the eligible housing loan amount, whichever is less.
- Can I prepay my loan?
Yes, loans approved with a floating rate of interest can be prepaid at no extra cost.
- What are the tax benefits associated with a Punjab National Bank home loan?
Indian residents are entitled to specific tax benefits on the principal and interest components of loans under the Indian Income Tax Act of 1961. The government of India periodically announces and modifies it.
- Are NRIs eligible for PNB home loans?
Yes, loans to PIOs and NRIs are also available for the purchase, building, repair, renovation, and improvement of a home or flat that will be designated in their names.
- How to obtain a home loan from PNB?
To obtain a housing loan, you can get in touch with any PNB branch. For retail loans, the bank also has a specific PNB loan point (PLP).
News on PNB Housing Finance Home Loan
PNB Housing Finance Records Profit of Rs.534 Crore in 2025
PNB Housing Finance, a certified housing finance company with the National Housing Bank, has reported a net profit of Rs.534 crore. The June quarter results announced on 21 July 2025 show a 23% yearly growth for the company. The significant increase is attributed to the strong demand for home loans. The company’s retail loan asset portfolio grew 18% to Rs. 76923 crore, and the affordable housing loan asset increased to an outstanding 143%, to Rs.5744 crore. PNB Housing Finance’s Asset Under Management (AUM) is estimated to have grown 13% year-over-year, and 2% quarter-over-quarter, with AUM at 82,100 crore as of 30 June 2025.
Lower RLLR for Punjab National Bank Home Loans
Following the Reserve Bank of India lowering the repo rate by 50 basis points on 6 June 2025, four major public sector banks have announced low RLLR (Repo Linked Lending Rates) for their home loans. The Punjab National Bank has lowered its RLLR for home loan interest rates from 8.85% to 8.35%, effective from 9 June 2025. The new rate includes a bank spread point of 20 basis points and the 50 basis point cut in the repo rate.
Punjab National Bank launches ‘PNB NIRMAAN 2025’ to make home loans more affordable.
A special retail loan campaign, ‘PNB NIRMAAN 2025’, has been launched by Punjab National Bank (PNB). This initiative makes home loans more affordable by offering various benefits, such as zero processing fee, no documentation charges, and interest concession of 5 basis points. This time-bound loan offer charges zero fees for Encumbrance Certificate (NEC), legal, or valuation services on home loan takeovers exceeding a certain limit. Customers can apply for home loans under this scheme by either visiting any PNB branches, or by logging into the PNB website or PNB One mobile app.
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