PNB Home Loan: 8% Interest Rate, Affordable EMI

PNB Home Loan Highlights

Particulars	Details
PNB Home Loan Interest Rate	Floating Interest Rates- 8.00% – 9.85% p.a. Fixed Interest Rates- 9.00%- 11.35% p.a.
Loan Amount	As per the borrower’s eligibility
Tenure	Up to 30 years
Processing Charges	Waived off till 31st March 2025

Note: Last updated on 14 April 2025

Punjab National Bank Home Loan Interest Rates

PNB home loan interest rates start from 8.00% p.a. onwards. The bank has specified differential interest rates based on the loan amount, credit score and the type of loans offered by PNB. However, lenders may also consider the occupation profile, employer’s profile, monthly income, etc. of their applicants while setting their home loan interest rates.

PNB Home Loan Interest Rates as per CIBIL Score or Other Credit Scores

Margin & Loan Amount	CIBIL Score or Other Credit Scores	Interest Rates (p.a.)
For loans above Rs 30 lakh; LTV Ratio up to 80%	800 and above	8.00%
Irrespective of loan amount; LTV Ratio up to 80%	PNB Pride; 750 and above	8.05%
	700-749	8.50%
	600-699	9.60%
Loan amount up to Rs 30 lakh; LTV Ratio above 80% but up to 85%	PNB Pride; 750 and above	8.15%
	700-749	8.60%
	600-699	9.70%

PNB Max Saver Interest Rates (TL & OD) as per CIBIL Score or Other Credit Scores

Margin & Loan Amount	CIBIL Score or Other Credit Scores	Interest Rates (p.a.)
For loans above Rs 30 lakh; LTV Ratio up to 80%	800 and above	8.15%
Irrespective of loan amount; LTV Ratio up to 80%	PNB Pride; 750 and above	8.20%
	700-749	8.65%
	600-699	9.75%
Loan amount up to Rs 30 lakh; LTV Ratio above 80% but up to 85%	PNB Pride; 750 and above	8.30%
	700-749	8.75%
	600-699	9.85%

How to Apply for a PNB Home Loan?

Applicants can apply for a PNB Home Loan either through the official website of Punjab National Bank or through the PNB app, PNB ONE. They can also visit the Punjab National Bank branch to apply for a PNB Home Loan. Prospective home loan borrowers can also apply for PNB Home Loan through online financial marketplaces like Paisabazaar.

PNB Home Loan Fixed Interest Rates

PNB home loan fixed interest rates for different schemes are as follows:-

PNB Housing Loan Fixed Interest Rates as per CIBIL Score or Other Credit Scores

Margin & Loan Amount	CIBIL Score or Other Credit Scores	Interest Rates (p.a.)
		Tenure up to 10 years	Tenure above 10 years
For loans above Rs 30 lakh; LTV Ratio up to 80%	800 and above	9.00%	9.50%
Irrespective of loan amount; LTV Ratio up to 80%	PNB Pride 750 and above	9.05%	9.55%
	700-749	9.50%	10.00%
	600-699	10.60%	11.10%
Loan amount up to Rs 30 lakh; LTV Ratio above 80% but up to 85%	PNB Pride 750 and above	9.15%	9.65%
	700-749	9.60%	10.10%
	600-699	10.70%	11.20%

PNB Max Saver Fixed Interest Rates (TL) as per CIBIL Score or Other Credit Scores

Margin & Loan Amount	CIBIL Score or Other Credit Scores	Interest Rates (p.a.)
		Tenure Up to 10 years	Tenure above 10 years
For loans above Rs 30 lakh; LTV Ratio up to 80%	800 and above	9.15%	9.65%
Irrespective of loan amount; LTV Ratio up to 80%	PNB Pride 750 and above	9.20%	9.70%
	700-749	9.65%	10.15%
	600-699	10.75%	11.25%
Loan amount up to Rs 30 lakh; LTV Ratio above 80% but up to 85%	PNB Pride 750 and above	9.30%	9.80%
	700-749	9.75%	10.00%
	600-699	10.85%	11.35%

PNB Max Saver Fixed Interest Rates (OD) as per CIBIL Score or Other Credit Scores

Margin & Loan Amount	CIBIL Score or Other Credit Scores	Interest Rates (p.a.)
		Tenure Up to 10 years	Tenure above 10 years
For loans above Rs 30 lakh; LTV Ratio up to 80%	800 and above	9.15%	9.65%
Irrespective of loan amount; LTV Ratio up to 80%	PNB Pride	9.20%	9.75%
	750 and above	9.20%	9.70%
	700-749	9.65%	10.15%
	600-699	10.75%	11.25%
Loan amount up to Rs 30 lakh; LTV Ratio above 80% but up to 85%	PNB Pride	9.30%	9.80%
	750 and above	9.30%	9.80%
	700-749	9.75%	10.25%
	600-699	10.85%	11.35%

Also Read: PNB Housing Loan Statement

PNB Home Loan Interest Rates vs Other Lenders

Name of Lender	Loans Up to Rs. 30 Lakh	Loans Above Rs. 30 Lakh to Rs. 75 Lakh	Loans Above Rs. 75 Lakh
SBI	8.00%-9.15% p.a.	8.00%-9.15% p.a.	8.00%-9.15% p.a.	Check Eligibility
HDFC Bank Limited	8.70% p.a. onwards	8.70% p.a. onwards	8.70% p.a. onwards	Check Eligibility
Bajaj Housing Finance	7.99%-17.00%	7.99%-17.00%	7.99%-17.00%	Check Eligibility
ICICI Bank	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
Axis Bank	8.75%-12.80% p.a.	8.75%-12.80% p.a.	8.75%-9.65% p.a.	Check Eligibility
Federal Bank	8.80% p.a. onwards	8.80% p.a. onwards	8.80% p.a. onwards	Check Eligibility
Punjab National Bank	8.05% - 9.85% p.a.	8.00% - 9.75% p.a.	8.00% - 9.75% p.a.	Check Eligibility
Kotak Mahindra Bank	8.65% p.a. onwards	8.65% p.a. onwards	8.65% p.a. onwards	Check Eligibility
Bank of Baroda	8.40% - 10.40% p.a.	8.40% - 10.40% p.a.	8.40% - 10.65% p.a.	Check Eligibility
Canara Bank	8.00% – 10.75% p.a.	7.95% – 10.75% p.a.	7.90% – 10.65% p.a.	Check Eligibility
IDFC FIRST Bank	8.85% p.a. onwards	8.85% p.a. onwards	8.85% p.a. onwards	Check Eligibility
IDBI Bank	8.40% p.a. onwards	8.40% p.a. onwards	8.40% p.a. onwards	Check Eligibility
Punjab & Sind Bank	8.30% – 11.50% p.a.	8.30% – 11.50% p.a.	8.30% – 11.50% p.a.	Check Eligibility
RBL Bank	9.00% p.a. onwards	9.00% p.a. onwards	9.00% p.a. onwards	Check Eligibility
LIC Housing Finance	8.00% p.a. onwards	8.00% p.a. onwards	8.00% p.a. onwards	Check Eligibility
Tata Capital Housing Finance	8.75% p.a. onwards	8.75% p.a. onwards	8.75% p.a. onwards	Check Eligibility
PNB Housing Finance	8.50% - 14.50% p.a.	8.50% - 14.50% p.a.	8.50%-11.45% p.a.	Check Eligibility
Sammaan Capital (Formerly known as Indiabulls Housing Finance)	8.75% onwards	8.75% onwards	8.75% onwards	Check Eligibility
Aditya Birla Capital	8.60% onwards	8.60% onwards	8.60% onwards	Check Eligibility
India Shelter Home Loan	11.59% onwards	11.59% onwards	11.59% onwards	Check Eligibility
L&T Finance Limited	8.65% p.a. onwards	8.65% p.a. onwards	8.65% p.a. onwards	Check Eligibility
Godrej Housing Finance	8.55% onwards	8.55% onwards	8.55% onwards	Check Eligibility
Home First Finance	11.90% onwards	11.90% onwards	11.90% onwards	Check Eligibility
Easy Home Finance	8.95% onwards	8.95% onwards	8.95% onwards	Check Eligibility
Piramal Capital Housing Finance	9.50% onwards	9.50% onwards	9.50% onwards	Check Eligibility
Cholamandalam Investment and Finance	10.50% onwards	10.50% onwards	10.50% onwards	Check Eligibility

PNB Home Loan Processing Fee & Other Charges

PNB Housing Loan

Particulars	Details
Processing Fee	Waived off till 31st March 2025
Documentation Charges	Waived off till 31st March 2025

PNB Max Saver

Particulars	Details
In case the customer has paid upfront fees and documentation charges at the time of availing housing loan	Rs 2,500
In case the customer has not paid upfront fees and documentation charges at the time of availing housing loan	Rs 2,500

PNB Pride

Particulars	Details
Processing Fee	NIL
Documentation Charges	NIL

PNB Digi Home Loan

Particulars	Details
Processing Fee	NIL

PNB Home Loan Documents Required

Following is the list of documents required for home loans for both salaried and self-employed individuals:-

Salaried	Self Employed
Duly filled in home loan application form along with a photograph	Duly filled in home loan application form along with a photograph
Proof of Identity such as an Aadhaar Card, PAN Card, Passport, Driving License and Voter’s ID Card	Proof of Identity such as an Aadhaar Card, PAN Card, Passport, Driving License and Voter’s ID Card
Proof of Residence such as Aadhaar Card, Passport, Driving License and Voter’s ID Card	Proof of Residence such as an Aadhaar Card, Passport, Driving License and Voter’s ID Card
Proof of Age such as an Aadhaar Card, PAN Card, Passport, Birth Certificate, Driving License and Voter’s ID Card	Proof of Age such as an Aadhaar Card, PAN Card, Passport, Birth Certificate, Driving License and Voter’s ID Card
Proof of Educational Qualification	Proof of Educational Qualification
Proof of Income: Salary certificate issued by the employer (indicating gross and net salary)/Income Tax Return	Proof of Income for Agriculturist: Record of landholding & cropping pattern or any other proof of income
Bank Statement of salary account for the past six months	Proof of Income for Other Self Employed: Last 3 years’ Income Tax Return or Assessment Order & Computation of Income Statement
	Bank Statement of account for the last six months

Additional Documents for PNB Home Loan

• Income proof of spouse/earning children/joint borrowers (if applicable)
• Property documents as required

Documents Required for availing PNB Digi Home Loan

• Aadhaar number linked with mobile number
• Valid PAN card
• Valid mobile number
• Property details
• Income tax login details for fetching ITR details
• In the case of new bank customers, a web camera for clicking pictures and performing video KYC.

PNB Home Loan Eligibility Criteria

Below-mentioned are the eligibility criteria for various PNB home loan schemes offered by Punjab National Bank:-

Housing Loan for Public

Salaried employees, professionals, businessmen, farmers, self-employed individuals, etc., having a regular source of income are eligible for PNB Housing Loan for Public.

PNB Digi Home Loan

• Individuals or groups of individuals having an assured source of regular income such as salaried employees, self-employed, pensioners, professionals, farmers, businessmen, etc.
• Applicant should have filed ITR for 2 years.

PNB Pride Housing Loan for Government Employees

Permanent employees of the Central/State Government, paramilitary forces and PSUs, and pensioners of the Central/State Government can avail PNB Pride Housing Loan for Government Employees.

PNB Gen-Next Housing Finance Scheme for Public

• The applicant should be a salaried employee with a minimum of 3 years of experience. The co-borrower should also be a salaried individual.
• Age at the time of loan application: Up to 40 years.
• In the case of multiple borrowers whose income is considered to meet the home loan eligibility criteria, the age of one applicant must be up to 40 years and others may be up to 45 years. Co-owner of the property whose income is not considered to meet the home loan eligibility criteria should necessarily be made the co-borrower irrespective of his/her age.
• Minimum Monthly Salary: Rs 35,000.

Note: Punjab National Bank may also consider the credit score of its home loan applicants, just like many home loan lenders do while evaluating the home loan eligibility of their applicants.

PNB Home Loan EMI Calculator

Prospective home loan borrowers of Punjab National Bank can use the Home Loan EMI Calculator to calculate their EMI and total interest cost. All they need to do is enter the loan amount, interest rate and loan tenure in the EMI calculator and get instant results. They can also use this calculator to find out their optimum loan tenure, based on their repayment capacity, before applying for a home loan.

PNB Home Loan Customer Care

PNB home loan customers can call the following numbers for any grievances:-

• 1800 1800 (Toll Free)
• 1800 2021 (Toll Free)
• 0120-2490000 (Paid Number)

Types of Punjab National Bank Home Loans

PNB Housing Loan for Public

Purpose: PNB offers Housing Loan for the Public to finance the purchase or construction of houses/flats, for carrying out addition/repair/renovation/alteration/furnishing of existing properties, for purchasing construction houses or flats from housing boards/co-operative societies/development authorities/projects/approved private builders, for plot/land purchase for construction of the home and to meet the escalation cost of under construction flats of existing home loan borrowers.

Loan Amount:

• For plot/land purchase for house construction: Up to Rs 50 lakh.
• For repair/renovation/alteration: Up to Rs 50 lakh.
• For addition/construction/purchase of a house or flat: Need-based loan depending upon the cost of the project and repaying capacity of the home loan borrower.
• Furnishing cost: Included in the project cost with a maximum of up to 15% of the housing loan or Rs 50 lakh, whichever is lower. The limit would be within the stated LTV ratio.

Tenure:

• For repair/renovation/alteration of house/flat- Up to 15 years.
• For Others- Up to 30 years.

LTV Ratio:

Loan Amount	LTV Ratio
Up to Rs 30 lakh	80%/85%*
Above Rs 30 lakh to Rs 75 lakh	80%
Above Rs 75 lakh	75%
For purchase of plot/land for home construction	75%

PNB Digi Home Loan

Purpose: Individuals can avail PNB Digi Home Loan for all purposes except balance transfer of home loan from other lenders.

Loan amount: Up to Rs 5 crore.

LTV ratio: Up to 85% of property cost.

Tenure: Up to 30 years.

PNB Housing Finance Scheme for Public- PNB Max Saver

Purpose: PNB Max Saver is a home loan overdraft facility wherein the existing home loan borrowers can withdraw the required loan amount from the linked overdraft account within the sanctioned overdraft limit. Consumers can avail PNB Max Saver scheme to finance the purchase or construction of houses/flats, for carrying out addition/repair/renovation/alteration/furnishing of existing properties, for purchasing under-construction houses or flats from housing boards/co-operative societies/development authorities/projects/approved private builders and to meet the escalation cost of under construction flats of existing home loan borrowers.

Loan Amount: Rs 10 lakh onwards.

PNB Pride Housing Loan for Government Employees

Purpose: Punjab National Bank offers PNB Pride Housing Loan for Government Employees to permanent employees of the State Government, Central Government, Defense Personnel, Paramilitary forces, PSUs and pensioners of the State/Central Government.

Loan Amount:

• For Plot/land purchase for house construction: Up to Rs 50 lakh.
• For addition/construction/purchase of a house or flat: As per the applicant’s requirement, depending upon the cost of the project and the repaying capacity of the home loan borrower.
• For repair/renovation/alteration: Up to Rs 50 lakh.
• Furnishing Cost: Included in the project cost with a maximum of up to 15% of a home loan or Rs 50 lakh, whichever is lower.

Tenure:

• For repair/renovation/alteration of house/flat- Up to 15 years.
• For others- Up to 30 years.

LTV Ratio:

Loan Amount	LTV Ratio
Up to Rs 30 lakh	80%/85%*
Above Rs 30 lakh to Rs 75 lakh	80%
Above Rs 75 lakh	75%
For purchase of Plot/Land for home construction	75%

*In such cases, a higher rate of interest is charged on card rates.

PNB Gen-Next Housing Finance Scheme for Public

• Purpose: Gen-Next salaried borrowers can avail ‘PNB Gen-Next Housing Finance Scheme for Public’ to raise funds for the purchase of ready-to-move-in flats/houses, for the construction of houses/flats and for the purchase of under-construction flats from approved private builders.
• Loan Amount: Rs 20 lakh onwards.
• Tenure: Flat 30 years.

PNB Composite Loan

Purpose: Punjab National Bank offers Composite Loans to its applicants to finance the purchase of residential plots and the construction of houses on it thereon.

Loan Amount:

• The loan amount is offered depending on the repayment capacity of the borrower and the cost of the project.
• The loan amount for plot purchase should be less than 60% of the eligible loan amount.
• Out of the total eligible loan amount, at least 40% of the loan amount should be used for home construction purposes.

LTV Ratio:

Particulars	Loan Amount	LTV Ratio
For plot purchase+home construction	Up to Rs 30 lakh	80%/85%*
	Above Rs 30 lakh to Rs 75 lakh	80%
	Above Rs 75 lakh	75%
For purchase of plot/Land for home construction		75%

Tenure: Up to 30 years.

FAQs On PNB Home Loan

What is the current PNB Home Loan interest rate?

Punjab National Bank offers home loan interest rates starting from 8.00% p.a. onwards. The lender offers differential interest rates depending on the credit score, type of home loan scheme and loan amount offered to the applicant.

Can I prepay my PNB Home Loan?

Yes, you can prepay your PNB home loan. The bank does not levy any prepayment charges on home loans taken at floating rates. For fixed-rate home loans, no charges are levied if the loan is prepaid from your own sources. However, a prepayment charge of 2% is levied if the home loan is transferred to other banks or HFCs.

How to check PNB Home Loan status?

You can check your PNB Home Loan status through the official website of Punjab National Bank or through PNB ONE, the mobile app of the bank. You can also visit Punjab National Bank branch to check the status of your home loan.

What are the PNB Home Loan interest rates for government employees?

PNB Home Loan interest rates for government employees range from 8.00% p.a. to 9.85% p.a. depending on the loan amount, credit score and type of PNB Home Loan schemes availed by the applicant.

What is the maximum age limit for PNB Housing Loan?

Punjab National Bank has not specified the maximum age limit for PNB Housing Loan. However, the maximum age limit for most lenders is 60 years or the retirement age, whichever is earlier.

Is insurance mandatory for PNB Home Loans?

PNB has not specified whether insurance is mandatory for its home loan or not. However, it is not mandatory to purchase home loan insurance for most lenders.

How much home loan can I get from Punjab National Bank?

Punjab National Bank has not disclosed the loan amount it offers to its home loan applicants. However, the lender decides the home loan amount depending on the project cost and repayment capacity of the borrower.

What is the processing fee for a PNB Home Loan?

PNB has waived its home loan processing charges until 31st March 2025.

How to reduce home loan interest rates in Punjab National Bank?

Punjab National Bank has not disclosed the process for reducing their home loan interest rates. If the bank refuses to reduce their home loan interest rates, applicants can opt for a home loan balance transfer facility for transferring their existing home loan interest rates to other lenders at lower interest rates.

Can I choose between fixed and floating rates of interest?

Punjab National Bank offers home loans at floating and fixed interest rates.

How can I calculate the total interest cost for my home loan availed from Punjab National Bank?

You can calculate your total home loan interest cost by using the PNB Home Loan EMI Calculator. Applicants need to enter the loan amount, loan tenure and the interest rate in the calculator and calculate the total EMIs and interest cost.

Does PNB consider the income of the co-applicants while applying for home loans?

Yes, PNB considers the income of the co-applicants for determining the repayment capacity while applying for a home loan.

Who can be the co-applicants to PNB Home Loan borrowers?

Punjab National Bank allows spouses and earning children (both married and unmarried) to become co-applicants for home loan borrowers. Parents can also be co-applicants in cases where the property is owned singly or jointly by a son and daughter. Also, clubbing of their incomes may be allowed for eligibility or loan repayment purposes.

What is the minimum credit score required to avail PNB Home Loans?

PNB has not specified any cut-off credit score for home loan applicants. However, applicants with a credit score of 750 and above are generally more likely to get a home loan.

How to pay PNB Home Loan EMI online?

PNB home loan borrowers can make loan repayments online through the official website of Punjab National Bank. They can navigate to the “Online Payment” option given on the home page of the official website of Punjab National Bank, select the “PNB Home Loan EMI Repayment” option, fill in the required details and pay the home loan EMI online.

Does Punjab National Bank offer special home loan interest rates to its female applicants?

Punjab National Bank does not offer any discount in interest rates to its female applicants. Hence, the PNB home loan interest rates for female applicants will be the same as the interest rates offered to other applicants.

Does PNB offer preferential interest rates to home loan applicants having higher credit scores?

Yes, PNB offers lower interest rates to home loan applicants with higher credit scores. For example, the lowest home loan interest rates are offered to applicants with a credit score of 750 and above, followed by applicants with 700-749, 650-699, and 550-649 credit scores.

What is the moratorium period for PNB Housing Loans?

For home loans taken for the construction of a house/addition to a house/flat, the moratorium period can be up to 18 months from the date of disbursement of the first loan installment or till the completion of construction/addition, whichever is earlier. In case of home loans taken for repairs/renovation/alterations to a house or flat, the moratorium period can extend up to 6 months from the date when the first loan installment was disbursed or till the completion of repairs/alterations/renovation, whichever is earlier.

For the purchase of an already constructed house/flat or plot, the moratorium period can be up to 3 months from the date of loan disbursement or till the date of possession, whichever is earlier.

How to download a home loan interest certificate from PNB?

You can download your PNB Home Loan interest certificate through the official website of Punjab National Bank or through its mobile banking app, PNB ONE. You can also visit the PNB branch to get your home loan interest certificate.

How can I check my outstanding PNB home loan amount?

Existing home loan borrowers of PNB can check their outstanding home loan balance through the official website of Punjab National Bank or through its home loan app, PNB One. They can also visit the Punjab National Bank branch to check their home loan balance.

What is a PNB Digi Home Loan?

PNB Digi Home Loan is a digital home loan offered to salaried employees, professionals, pensioners, businessmen, farmers, etc. for all purposes except for home loan balance transfer.

How can I track my PNB Home Loan?

You can track PNB Home Loan through the official website of Punjab National Bank or through the mobile banking app, PNB ONE. You can also track the home loan by visiting the PNB branch.