Apply for PNB Housing Finance Ltd Home Loan Online

25,00,000
5,00,00,000
Project Name
Builder Name
Cost of Plot
Cost of Construction
Total Cost
0
5,00,000
0
3,00,000
Relationship Ex: Father, Son etc.,
Co-Applicant Net monthly Income
Current EMI

All day customer support

call us at

080-6012 0505

Drop your number

PNB Housing Finance Home Loan

For all types of home loans that you might need, there is PNB Housing Finance Home Loan. The loan is structured to adapt according to everyone’s personal requirements. PNB is a nationalized bank with services at par with international financing companies. Swift approvals and easy availability of loan makes the Punjab National Bank (PNB) home loan one of the best loan products.

Punjab National Bank has made it a lot easier for you to avail a loan and get it processed within few hours or days by categorizing the home loans. Below mentioned are the types of home loans financed by the Punjab National Bank.

  1. Home Purchase Loan
  2. Home Construction Loan
  3. Home Extension Loan
  4. Home Improvement Loan
  5. Residential Plot Loans
  6. Home Loan for NRIs
  7. Unnati Home Loans

There are various defining features for each of these loans, as mentioned below.

PNB Home Purchase Loan

The home purchase loan is for the individuals who want to buy their own houses. In the wake of high property prices and growing inflation, PNB Home Loan tries to fulfill a common man’s dream of living in his house. So, go for the PB home purchase loan and leave your rented house.

Features and Benefits

  • Personalized Home Loans
  • Round the clock services
  • Complete knowledge about the market
  • Easy loan dispersal
  • Quick disposition of loans
  • Branches all over India
  • Variable options available 
  • Enhancement in loan amount if costs rise
  • Well-connected network of banks
  • Zero hidden charges
  • Easy repayment

Security

The security will comprise of the house against which loan is to be availed and it can also comprise any collateral provided by the customer. This lies to banks jurisdiction if they want to accept any other security.

Disbursement

Please note down the following processes as per which your loan will be sanctioned:

  1. The customer will have to pay his own contribution and other costs before the loan is sanctioned.
  2. The loan will be given to the builder or development organization or apartment (society) in lump sum or as a part payment, depending upon their need.
  3. Loan will be sanctioned only after successful appraisal of the property. Also, legal documentation for the house is to be done beforehand.

Loan Repayment

One needs to clear the dues every month by Equated Monthly Installments (EMI).
The loan can be paid through:
i) Post Dated Cheques
ii) Electronic Clearance System

The period of loan repayment is between three years to thirty years.

Insurance/Customer Safety

In case an unfortunate calamity or accident hits a person; it would be burdening for him to repay the loan. For this, PNB Housing suggests all its valuable customers to insure their housing projects. To make the process easy to tackle, PNB housing has partnered with Bharti AXA and ICICI Lombard.

PNB Home Construction Loan

The PNB Home Construction Loan is suitable for you in case you already own a property and you need funds to construct a house on the land. These types of loans are availed by home buyers and builders both. The loan is disbursed by the bank in parts as the construction progresses. The loan will be released in parts as per the advancement in the building process. Choose PNB Home Construction Loan for easy repayment options and quick loan processing.

PNB Home Extension Loan

The growing demands in the world today call for bigger and spacious houses. Gone are the days when family members could sleep in one room and enjoy the time together. WIth advancing world, every family member now needs his or her personal space and so, a personal room. You might want to build a guest room or a study room for the children or you might need to keep a maid and offer her a servant room. Thus, you will need to extend your house. PNB Home Extension Loan helps you to get a quick solution to all your queries for extending your home. Add a room or space to your prevailing property with affordable costs and terms with PNB Housing.

Home Improvement Loan

You might have constructed your house with utmost perseverance and dedication, yet there may be some more top up features you would like to give to your house. Home Improvement Loan helps you to fulfill these dreams of yours where you can completely change the look of your house and make it your dream house. Get necessary changes made to your house with quick finance and easy documentation process by PNB Housing.
The improvement type includes full renovation of your residential property, up-gradation, waterproofing and ceiling fixing, repair of house/flat, external & internal repairs/paint, tiling and flooring, false ceiling & woodwork and plumbing & electrical work, etc.

Loan Disbursement

  • The loan will be sanctioned after the amount which will cost in the execution of the improvement has been technically calculated.

  • The loan will be given in intervals as the renovation process proceeds. 

  • The loan will only be sanctioned after the customer has paid his share in the loan sanctioned.

  • The renovation and improvement processes are expected to be completed in a period of six months.

Residential Plot Loans

Do you have a piece of land in mind and want to save it for future? Are you a builder who thinks the property rates might go high if you invest in this loan? Do you need some funds just to buy the land and have funds to build a house? Then the PNB Residential Plot Loan is for you. Just select a plot that is suitable for you and leave the rest to PNB Housing. PNB Housing provides loan for plot purchase in urban area.

Loan Disbursement

  • The loan can be sanctioned after the amount of the plot has been technically calculated and documentation has been done.
  • The loan will be given in lump sum to the seller.
  • The loan will only be sanctioned after the customer has paid his share in the loan sanctioned.

Home Loan for NRIs

A person of Indian origin who lives outside India is also entitled to purchase a house in India or own a property or renovate his property in his origin nation. This can be done by PNB Home Loan for NRIs. Through this feature, NRIs (Non Resident Indians) and PIOs (Person of Indian Origin) can meet their housing requirements with a great customer support and easy repayment options. Quick access to all the logs and easy documentation are added benefits.

Unnati Home Loans

PNB Housing realizes that you have worked hard to achieve your dreams. It values the heart and soul you have put in to excel in the journey of life and we wishes to be a regular contributor to your success and help you become financially independent.

Letting their customers achieve more Unnati with every passing day, PNB Housing has come up with the Unnati Home loan to give a dream house to its customers.

Features and Benefits

  • You can avail a loan up to INR 2.5 million and up to 90% of the value of the land.
  • The rates of interest are comparably lower than other banks at 10.50% per annum.
  • The customer gets an option of variable or fixed loan of 3, 5 or 10 years.
  • Quick loan approval and sanction process. You are just one click away from availing an easy loan.
  • Door step services.
  • An extensive network of branches throughout the India.

Why should you choose PNB Housing Finance Home Loan?

The great deal about the PNB Housing loan is that you can get loan up to 90% of the rate of your property in market. Also, the bank offers you the provision of switching from fixed to variable rate of interest and vice versa. The bank has a reputable position from the last 25 years in this line of trade.
The customer gets easy payment options. Also, with schemes like ‘Unnati’ the bank has proved that they care about the welfare of its customers. NRI citizens can enjoy their own benefits by applying for NRI Home loan. To sum up, PNB housing has something in kitty to offer to all.

How to apply for PNB Housing Finance Home Loan?

You can apply directly for the loan through Finance Buddha. There are many benefits you just need to start counting. Your time and energy is saved and you do not have to ask the banks if you are eligible for the loan or not. You need not ask any one which is the best loan for you; just compare on our portal. The details about every kind of loan offered by PNB Housing have been mentioned here, which enhances the customer experience. We just ask for few details and you get informative information. You can trust us with every minute detail about yourself. Trust, we keep it to ourselves and disclose it to anyone. 100% safe and secure portal, that’s what we are.
 

Eligibility Criteria for PNB Home Loans

Eligibility Criteria for PNB Home Purchase Loan

  • The person must be a salaried individual/working professional or a businessman with regular salary or income. 
  • The salaried employee must be working since a minimum of two years.
  • Co-applicants can be added which includes parents, spouse or children. Their amount of income can be supplemented into the total income while applying for the loan.
  • The maximum age for a person is 70 years at the time of maturity of the home loan.

Eligibility Criteria for PNB NRI Home Loan

  • The person must be a working in abroad for at least 1 year.
  • The person should either be of Indian origin or be an Indian citizen and have an NRI status on the passport.
  • The maximum age for a person is 70 years at the time of maturity of the home loan.

Eligibility Criteria for Unnati Home Loans

  • A person with Post Graduate Degree/Professional Degree/Diploma, etc.
  • An employee of local and stable business entity like Petrol Pump, Restaurant, Jewellery shops, Garments shop etc.
  • The business of the employee can be a private limited (pvt. ltd.)/limited company (ltd)/trust/partnership/proprietorship
  • The combined income of all the applicants or a single applicant must at least be INR 10,000 per month.
  • For salaried employees, age should be less than 65 years for self employed persons and 70 years for salaried individuals.

 

Checklist of Documents Required for PNB Home Loans

Documents Required for PNB Home Purchase Loan

  • Loan application form
  • Identity proof bearing signatures like Copy of Passport / Driving License/ Voter ID card / ID card issued by employer
  • Address Proof which should not be more than three months old like Copy of Ration Card / Passport / Electricity or Phone Bill / Rent Agreement / Credit card statements / Property Papers
  • Proof for Date of Birth (DOB)
  • Bank Statement (6 months for salaried employees and 12 months for professionals and businessmen)
  • Documents for Income
  • Cheque for Processing Fees in favor of ‘PNB Housing Finance Ltd’
  • Self-attested photograph
  • Proof of shop or firm establishment (for businessmen)
  • Office address Proof (for businessmen)
  • Income Tax Returns (ITR)
  • Photostat copy of the approved home plan
  • Proof of latest degree (for salaried employees and professionals)

Documents Required for PNB NRI Home Loan

  • Application form for the loan
  • Proof of age
  • Proof of residence
  • Copy of latest degree
  • Passport copy
  • Work Permit copy (if applicable)
  • Last three months salary slips
  • Appointment letter issued by current employer
  • Last two year’s income statement testified by the employer
  • Last 6 months bank statement for regular salary
  • Cheque in favor of ‘PNB Housing Finance Ltd.’ in account of the Processing Fee
  • Detailed cost documents or papers                                       
  • Documents of the land or property

PNB Housing Finance Ltd. Home Loan Interest Rate

Floating Rate of Interest

Salaried Professionals

8.90%

Self Employed Professionals

8.90% – 9.40%

Self Employed Non-professionals

9.10%-9.60%

 

Fixed Rate of Interest

For the first 3 fixed years

Salaried Professionals

9.25% – 10.25%

Self Employed Professionals

9.25% – 10.25%

Self Employed Non-professionals

9.45% – 10.95%

 

For the first 5 fixed years

Salaried Professionals

9.25% – 10.25%

Self Employed Professionals

9.25% – 10.25%

Self Employed Non-professionals

9.45% – 10.95%

 

For the first 10 fixed years

Salaried Professionals

9.50% – 10.50%

Self Employed Professionals

9.50% – 10.50%

Self Employed Non-professionals

9.75% – 11.25%

Fees and Charges

Pre closure charges

Nil

Processing fees

0.50% of the loan amount

Loan tenure

Maximum is 30 years (provided the customer is not more than 70 years at the time of maturity of loan)

Post the fixed rate period, interest rate would automatically get converted into floating rate prevailing at that time for the residual loan amount.

Valid for following offerings of PNB Housing Finance Ltd.:

  1. PNB Home Loans
  2. Home Improvement Loans

FLOATING RATE

PNB Housing offers floating rate of interest, linked to its benchmark rate PNBHFR: 14.35% p.a.

Rates are applicable w.e.f. January 6, 2017.

FIXED RATE

PNB Housing offers 3 year, 5 year & 10 year Fixed Rate Scheme w.e.f. January 6, 2017.

Loan Amount for PNB Home Purchase Loan

The amount of loan you can get depends on the cost of your house, age, income amount, qualification, etc.:

  • For loans equal to or less than INR 3 million: 90% of the market value
  • For loans of INR 3 million to INR 7 million: 80% of the market value
  • For loans more than INR 7 million: 75% of the market value

Own Contribution
The customer will have to pay a minimum of the 10% of the amount of the loan to be sanctioned. Stamp duty and registration charges are included.

Security

The security will comprise of the house against which loan is to be availed and it can also comprise any collateral provided by the customer. This lies to banks jurisdiction if they want to accept any other security.

Disbursement

Please note down the following processes as per which your loan will be sanctioned:

  1. The customer will have to pay his own contribution and other costs before the loan is sanctioned.
  2. The loan will be given to the builder or development organization or apartment (society) in lump sum or as a part payment, depending upon their need.
  3. Loan will be sanctioned only after successful appraisal of the property. Also, legal documentation for the house is to be done beforehand.

Loan Repayment

One needs to clear the dues every month by Equated Monthly Installments (EMI).
The loan can be paid through:
i) Post Dated Cheques
ii) Electronic Clearance System
The period of loan repayment is between three years to thirty years.

Insurance/Customer Safety

In case an unfortunate calamity or accident hits a person; it would be burdening for him to repay the loan. For this, PNB Housing suggests all its valuable customers to insure their housing projects. To make the process easy to tackle, PNB housing has partnered with Bharti AXA and ICICI Lombard.

PNB Housing Finance Ltd. Residential Plot Loan Rate of Interest

Floating Rate of Interest

Salaried Professionals

9.90%

Self Employed Professionals

9.90%-10.40%

Self Employed Non-professionals

10.10%-10.60%

 

Fixed Rate of Interest

For the first 3 fixed years

Salaried Professionals

10.25%

Self Employed Professionals

10.25%

Self Employed Non-professionals

10.45%

 

For the first 5 fixed years

Salaried Professionals

10.25%

Self Employed Professionals

10.25%

Self Employed Non-professionals

10.45

 

For the first 10 fixed years

Salaried Professionals

10.50%

Self Employed Professionals

10.50%

Self Employed Non-professionals

10.75%

Post the fixed rate period, interest rate would automatically get converted into floating rate prevailing at that time for the residual loan amount.

PNB Housing Finance Ltd. Rate of Interest for NRI Home Loan

Floating Rate of Interest

8.90%-9.90%

Fixed Rate of Interest

 

For first 3 fixed years

9.25% – 10.25%

For first 5 fixed years

9.25% – 10.25%

For first 10 years

9.50% – 10.50%

Post the fixed rate period, interest rate would automatically get converted into floating rate prevailing at that time for the residual loan amount.

Loan Amount
The amount of loan you can get depends on the cost of your house.

  • For loans equal to or less than INR 7.5 million: 80% of the market value
  • For loans more than INR 7.5 million: 75% of the market value

Own Contribution

The customer will have to pay a minimum of the 20% of the amount of the loan to be sanctioned. Stamp duty and registration charges are included.

Repayment

One needs to clear the dues every month by Equated Monthly Installments (EMI).
The loan can be paid through:

  1. Post Dated Cheques
  2. Electronic Clearance System

The period of loan repayment is 15 years maximum for home purchase or construction and 10 years maximum for home development.

PNB Housing Finance Ltd. Unnati Home Loans Rate of Interest

Floating Rate of Interest

Salaried Professionals

10.25%

Self Employed Professionals

10.25%

Self Employed Non-professionals

10.75%

 

Fixed Rate of Interest

For the first 3 fixed years

Salaried Professionals

10.50%

Self Employed Professionals

10.50%

Self Employed Non-professionals

11.00%

 

For the first 5 fixed years

Salaried Professionals

10.50%

Self Employed Professionals

10.50%

Self Employed Non-professionals

11.00%

 

For the first 10 fixed years

Salaried Professionals

10.50%

Self Employed Professionals

10.50%

Self Employed Non-professionals

11.00%

Post the fixed rate period, interest rate would automatically get converted into floating rate prevailing at that time for the residual loan amount.

Loan Amount

The amount of loan you can get depends on the cost of your house, age, income amount, qualification, etc.

  • For Salaried individuals: up to 90% of property value in market
  • For Self-employed individuals: up to 67% of property value in market

Own Contribution

The customer will have to pay a minimum of the 10% of the amount of the loan to be sanctioned. Stamp duty and registration charges are included.

Frequently Asked Questions

How to check my eligibility?

For eligibility, you need to either be an Indian citizen or be a PIO. The eligibility depends on the cost of your house, age, income amount, qualification, etc.

What is the process to apply for loan?

First of all, you need to submit your application which will be evaluated on certain parameters depending on loan type. Property valuation and title check follow. Then, if the application is accepted, you need to submit all the documents aforementioned.

What percentage of loan can I get against my property?

Up to 90% for home loan and up to 60% for an advance against property.

Can I get home loan if have already purchased property?

Yes, you can get a re-finance within 6 months of purchase.

What is EMI and pre EMI?

EMI is Equated Monthly Instalments (EMI) which is the monthly amount to be paid. Pre-EMI is just the Simple interest paid monthly till loan repayment commences.

What if floating rates change?

EMI remain same, tenure of loan will be adjusted.

What is the security I should give?

The security will comprise of the house against which loan is to be availed and it can also comprise any collateral provided by the customer. This lies to banks jurisdiction if they want to accept any other security.

Can I pre pay the loan?

Yes, you can with applicable charges.

When is loan disbursed?

The customer will have to pay his own contribution and other costs before the loan is sanctioned. The loan will be given to the builder or development organization or apartment (society) in a lump sum or as a part payment, depending upon their need. The loan will be sanctioned only after successful appraisal of the property. Also, legal documentation for the house is to be done beforehand.

I need my Income Tax certificate. How can I do that?

Bank sends the certificate to the customer which can also be collected from the branches.

Should I insure my property?

Yes, it is required.

Reviews   4.89 stars, based on 107 reviews

Best bank to apply for home loan is Punjab National Bank; I applied through Finance Buddha and got it approved by 9 working days.

 5/5

To get home loans just visit Finance Buddha and apply online. Here you can also check eligibility, rates and charges of different banks and ensure your loan is processed as quickly as possible. I got my home loan from Punjab National Bank.

 5/5

I took Finance BuddhaÕs suggestion and moved my home loan to Punjab National Bank. Through this smart move I started saving Rs. 6000 from my EMI payment. Make small changes and start enjoying great benefits.

 5/5

There are not many banks offering home loans at low rate of interest and there are not many portals like Finance Buddha to offer all loan related information. Getting benefited from both Punjab National Bank and Finance Buddha at a time is like winning a lottery.

 5/5

Thanks Finance Buddha for helping me to get a home loan at Punjab National Bank. My loan was approved at 9.5% rate of interest for 7 years and for an amount of 12 lakhs. Based on my eligibility, bank was ready to offer more amounts but I took it to the extent that I need it.

 5/5

I applied for a home loan through Finance Buddha with Punjab National Bank and got it sanctioned for 15 lakhs at rate of interest 10.2%.

 4/5

The best thing that happened to me during my home loan processing is applying it through Finance Buddha. They took care of the process completely and ensured the loan is getting approved with 15 working days from Punjab National Bank. I know my friends and relatives who have been behind their home loans for more than 1-2 months. As compared to that I have been lucky to find Finance Buddha.

 5/5

Finance Buddha helped me with sorting home loan documents quickly and this expedited my home loan application with Punjab National Bank. All tough part of home loan processing was handled by Finance Buddha, thus there was no need for me to be worried at all.

 5/5

Through there is no perfect bank for home loan, I found best bank that offers home loan as per my requirements through Finance Buddha. My home loan was approved by Punjab National Bank.

 5/5

With the help of revised home loan rate, my dream of owning a house has come true. Thank you Finance Buddha for collecting all details of home loan and sharing up-to-date information. This helped me in comparing what is best according to my requirements. I got home loan from Punjab National Bank.

 5/5

Am writing this review on behalf of my sister, she was desperate for a home loan as she found a very nice house as per her expectations. Due to many reasons, it was difficult to get a bank that offer home loan at low rate of interest. I searched and found Finance Buddha. This helped her to get all details regarding home loan and her loan was approved by 10 days when applied through this platform. Thanks Punjab National Bank and Finance Buddha.

 5/5

I have been using Punjab National Bank housing loan services from past 3 months and am very happy about the service. I was suggested to this bank by Finance Buddha and I took right decision with the help of Finance Buddha guidance.

 5/5

I and my brother were looking for a co-borrower home loan as it will reduce huge EMI burden on one person. With this intention I informed Finance Buddha about my requirement and this website suggested me to Punjab National Bank. I got loan within 18 days and am happy with the interest and other charges on loan.

 3/5

Thank you for suggesting Punjab National bank for a home loan. I got my loan sanctioned at 9.85% rate of interest. Finance Buddha website has all latest information. Recent revisions with regard to home loan interest rates are available easily.

 5/5

I was very ambitious about building a house before I turn 35 years. I started looking for ways to get sufficient funding for constructing a house and came across Finance Buddha. This platform is best in offering all details related to home in India. I used this website to get all required information and applied for loan with Punjab National Bank and got loan approved at 9.25% rate of Interest.

 5/5

Within a span of 22 days my home loan was disbursed by PNB housing finance with rate of interest of 9.25%. Though they charged for documentation, it was nominal. Due to festival offers they waived off processing fee. The documentation process was very simple. I got done with the home loan process with less effort by Finance BuddhaÕs assistance.

 3/5

I received my home loan from Punjab National bank with the rate of interest of 9.65% at fixed basis for 5 years period and processing fee was just 0.25% of the actual loan amount. Though my property was in the different state, Finance Buddha helped in collecting and submitting all the documents through online but the signing document had to go through courier service.

 5/5

It was an easy process with Punjab National bank Housing finance on my home loan. They were very clear about what documents are required. Finance Buddha helped in speeding up the whole process. The process was completed within 16 days. The rate of interest is low. The processing fees were normal and affordable.

 5/5

I have taken my home loan 3 months back from Punjab National bank. The service is good. It was even better when the documents were collected at one shot than collecting it in installment basis. The rate of interest was low but processing charges was normal. The whole process took only 21 days as it was done through Finance Buddha.

 5/5

It was a very satisfactory experience with PNB housing finance. I had taken my home loan from this bank. The services were great. The executives had all necessary information. There was no need for me to follow up as Finance Buddha handled the communication part completely.

 5/5

My son was looking for a home loan from past few weeks. When I came across this Finance Buddha I referred and asked him to give a try. He is very happy with the service offered by the website and also extremely happy to have his home loan approved by a reputed bank like PNB housing finance.

 5/5

The response and support offered by Finance Buddha on my home loan is much appreciated. As I am working for night shift, I was getting very less time to follow up with banks about home loan. But by being introduced to Finance Buddha, they handled end-to-end of the home loan processing and ensured home loan was approved by PNB housing finance way before registration dates.

 5/5

I have taken my home loan from Punjab National bank and the experience was very good. I was looking for an opportunity to thank Finance Buddha for being beside me through the loan process like a friend. There were some complications on the joint ownership of property but Finance Buddha was involved in resolving the issues and home loan was approved and disbursed within 25 days.

 5/5

The very next day of applying loan through Finance Buddha, Punjab National bank representatives came to my residence to collect all documents. Home loan processing was very quick. Within a weekÕs time bank officials came to check the property and evaluated its value. As I was looking for just 6 lakhs as loan amount, the whole amount was approved within next 3 days without any need for further documentation.

 5/5

I took my home loan from Punjab National bank. The processing fee and stamp duty charged on the loan amount was very reasonable plus the rate of interest for 8 lakhs loan was pretty decent. I have been paying my EMI from 3 months without any issues. All this was possible as I applied for loan through Finance Buddha.

 5/5

Punjab National bank waived off processing fee as part of New Year offer, this helped me to save Rs. 6000. Apart from giving details of rates and charges of each bank for home loans, Finance Buddha also helped me with offers and discounts available at various banks. Get a home loan now just a click away through Finance Buddha.

 5/5

Those who need home loan approved without any hassle should try approaching banks through Finance Buddha. This style worked for me and I loved the overall experience. Anytime you need any information about loan, Finance Buddha team is always there to assist. This website suggested me with Punjab National bank. Without a second thought I applied for loan and got home loan at 9.25% rate of interest for 38 lakhs.

 5/5

The home loan I took from Punjab National bank hardly took 15 days to get approved and within the next 5 days loan amount was disbursed to my account. The procedure of home loan was smooth and simple. To experience hassle- free home loan processing, apply through Finance Buddha.

 4/5

Getting home loan approved through Finance Buddha is very easy if you are submitting valid documents. My builder was very precise that the registrations should be completed within 20 days and I was in a dilemma of getting loan from banks. My wife was referred by her colleague to try Finance Buddha website for home loan and that worked. We got our home loan approved within 2 weeksÕ time.

 5/5

I was offered with a home loan from PNB housing finance for 15 lakhs with very less documentation. The processing was very quick and effortless. Having no idea about loans, I knew it will not be easy for me to approach banks directly to get a home loan. The service offered by Finance Buddha is very helpful for people like me to get all necessary things done by just sitting at home and directing the associated representatives.

 5/5