Punjab National Bank Home Loan Interest Rate

Financing home purchases, construction, and renovation have been tedious, but PNB customers can use PNB home loans for this purpose. Since it is also one of the country's most reputed home loan offers, it has also been providing the best rates for eligible clients for over thirty years. 

Punjab National Bank provides a variety of home loan schemes at competitive rates beginning at 8.80% p.a. and up to Rs.1 crore. You have the choice of extending the repayment period to 30 years (maximum). The applicable processing fee is 0.35% of the loan amount plus GST. PNB offers subsidized rates to EWS, LIG, and MIG applicants under the PMAY scheme.

Punjab National Bank, one of the country's public sector banks, provides a variety of home loans. PNB Max Saver, PNB Gen-Next Housing Finance, and PNB Pride Housing Loan are some of the housing loans available. The bank provides home loans up to Rs.75 lakh at competitive interest rates.

Here are the interest rates of PNB home loans based on CIBIL score:

This PNB home loan interest rate is for salaried persons.

Here are the interest rates for a max saver plan from the Punjab National Bank:

These PNB housing finance interest rates are for salaried persons.

The Punjab National Bank offers its clients different types of home loans, and they are-

This loan is intended to be used to purchase a residential property in India.

This includes the renovation, upgrade, repair, flooring, water-proofing, false ceiling, woodwork, tiling, plumbing, and electrical work of a previously owned house.

This will provide financial assistance for the construction of residential house property on one's own, particularly for those who already own land and intend to build a house on it.

This loan can be used to add a room or area to your house to accommodate a growing family.

Home loan solutions for NRIs and PIOs can be utilized to buy or build a new home. It can also be used for renovating and repairing residential homes, but only in India.

These loans offer a quicker loan disbursement process and a maximum loan amount of Rs.25 lakh (subject to 90% of the property's market value). Interest rates begin at 11.70%.

This is for obtaining a residential plot in order to build a house in a city.

This is a Credit Linked Subsidy Scheme (CLSS) for members of society's Lower Income Group (LIG), Middle Income Group (MIG), and Economically Weaker Section (EWS).

• Individuals need to be more than 21 years and not more than 70 years at the time of maturity.
• Employees of the government.
• Salaried employees - with a minimum salary of Rs. 15,000 and more.
• Professionals with more than three years of experience.
• Businessmen with more than three years of experience.
• Farmers
• Self-employed persons with more than three years of experience.
• CIBIL score higher than 611.

The documents given below need to be kept along while applying for a home loan from the Punjab National Bank:

• Residential Proof - Telephone bill, election card, ration card, driver's license, or statutory authority-issued certificate.
• Age Proof - PAN Card, passport, or a relevant certificate from the statutory authority.
• Educational Proof - degree certificate for professionals.
• Income Proof - Income tax returns of the past three years, balance sheets certified by a CA, a Profit and Loss account, bank statements, business profile, or proof of business existence.
• Application form
• Cheques for processing.

• Processing Fee - 0.35%
• Documentation Charges - Rs 1,350