Punjab National Bank Home Loan

Punjab National Bank Home Loans starting at just 8.4% p.a.

Punjab National Bank offers attractive interest rates on home loans starting at 8.4% p.a..The loan tenure can range up to 30 years, ensuring a Read More...

Use the loan for various needs - buying a new house (ready-built, under construction, or pre-owned), building a new home, or renovating your existing one. You can even switch your existing home loan from another bank to Punjab National Bank.

Punjab National Bank Home Loan Highlights

Loan Amount	No upper capping
Tenure	Upto 30 years
Rate of Interest	8.4%- 10.6%
Processing Fee	0.35% of loan amount plus applicable GST, Minimum Rs.2500,/-, and maximum Rs.15000/- Advocate & Valuer Fee- Actual expenses, will be collected from customer and realised separately
Prepayment/Foreclosure Charges	Nil
Max Tenure	30 years
Foreclosure Charges	Nil

Punjab National Bank Home Loans Comparison Table

Name of Lender	Amount Up to	Interest Rate	Tenure
Axis Bank	₹10 cr	8.75% Onwards	Up to 20 years

Punjab National Bank Home Loan EMI calculator

Compare Punjab National Bank Home loan interest rates with other lenders to find the best deal. See how Punjab National Bank’s competitive rates stack up in our comprehensive comparison table.

Principal: ₹50,00,000

Rate of Interest: 9%

Tenure (in months): 120

EMI: ₹63,337.89

Total interest: ₹26,00,546.8

Total principal: ₹50,00,000

Punjab National Bank Home Loans Eligibility

Punjab National Bank Home Loan For Regular Home

Punjab National Bank Rural Housing Loans

Punjab National Bank Home Loan Balance Transfer

Punjab National Bank Home Renovation Loans

Punjab National Bank Home Extension Loans

Punjab National Bank Home Loan For Regular Home

The Punjab National Bank Regular Home Loan scheme is designed for those looking to finance the purchase of built or under-construction properties, as well as pre-owned homes. It is also suitable for individuals wanting to secure financing for the construction, renovation, or extension of their existing home.

Criteria	Value
Minimum Age	21 years
Maximum Age	70 years
Resident Type	Resident Indian
Loan Tenure	Up to 30 years

Punjab National Bank Home Loan Schemes

Punjab National Bank provides a range of home loan schemes with interest rates starting from 8.4%, including options like Regular Home Loan with benefits for women and no pre-payment fees, Rural Housing Loans for people in rural areas, Home loan balance transfer for home loan borrowers. Each scheme includes a processing fee of 0.35% with varying minimum and maximum amounts.

Loan Type	Interest Rate (p.a.)	Processing Fee	Special Features
Punjab National Bank Standard Home Loan	8.4% onwards	0.35% of loan amount plus applicable GST, Minimum Rs.2500/-, and maximum Rs.15000/- Advocate & Valuer Fee- Actual expenses, will be collected from customer and realised separately	No pre-payment charges Age 21-70 eligible
PNB Home Loans for PNB Pride customers	8.40% onwards	0.35% of loan amount plus applicable GST, Minimum Rs.2500/-, and maximum Rs.15000/- Advocate & Valuer Fee- Actual expenses, will be collected from customer and realised separately	Central, State government employees, and Defence Personals
PNB Gen- Next- Housing Loan for Salaried	8.40%- 10.50%	0.35% of loan amount plus applicable GST, Minimum Rs.2500/-, and maximum Rs.15000/- Advocate & Valuer Fee- Actual expenses, will be collected from customer and realised separately	No pre-payment charges Age 21-40 years
PNB Balance transfer	8.40% onwards	0.35% of loan amount plus applicable GST, Minimum Rs.2500/-, and maximum Rs.15000/- Advocate & Valuer Fee- Actual expenses, will be collected from customer and realised separately	No pre-payment charges Age 21-70 years

Punjab National Bank Home Loan Fees and Charges

Punjab National Bank Home Loan Processing Fees

Punjab National Bank Home Loan Application charges

Punjab National Bank Home Loan Prepayment charges

0.35% of loan amount plus applicable GST, Minimum Rs.2500/-, and maximum Rs.15000/- Advocate & Valuer Fee- Actual expenses, will be collected from customer and realised separately

How to Apply for Punjab National Bank Home Loan ?

Prospective borrowers interested in Punjab National Bank home loan have the option to apply online either through the banks' official website, as outlined below:
Apply here

Via the Punjab National Bank Official Website

Visit the Punjab National Bank Home Loan official website.
Click on Apply now
Enter the necessary details to determine the eligible loan amount.
Click "Apply Now" to submit your application.

Documents Required for Punjab National Bank Home Loan

Following is the list of documents required for different categories of customers

Punjab National Bank Home Loan list of documents for Salaried

Punjab National Bank Home Loan list of documents for Self-employed professionals

Punjab National Bank Home Loan list of documents for Self-employed

Punjab National Bank Home Loan list of documents for Farmers

Punjab National Bank Home Loan list of documents for non-resident Indians (NRIs)

Punjab National Bank Home Loan list of documents for Salaried

Identity and residence proof (KYC), such as an Aadhaar, PAN card, or Voter ID card.
Income proof, such as the last 3 months' salary slip, the latest Form 16, and a six-month bank statement.
A Cheque for The Processing Fee for The Loan Application
Property Documents Such as Sale Deed, NOC From the Builder or Housing Society, Advance Payment Receipt to The Builder, And Approved Construction Plan.

Property Related Documents

For New Home

Allotment letter copy/Buyer agreement
Payment receipt made to the developer

For Resale Home

Title deeds including previous chain of property documents
Agreement to sell copy
Initial payment receipt made to the seller

For Construction

Title deed of plot
Copy of the plan approved by Local Authorities
No encumbrance proof on the property
The total estimate of construction by a Civil Engineer/Architect

Punjab National Bank Home Loan Balance Transfer

Punjab National Bank offers Balance Transfer of home loan that enables a customer to transfer home loan from Scheduled Commercial Banks (SCBs), Private and Foreign Banks, Housing Finance Companies (HFCs) registered with National Housing Bank (NHB) and Borrower’s employers if they are Central/State Govt or their undertakings or Public Sector Undertaking subject to condition that the borrower should satisfy the eligibility criteria for availing Home Loan as per the Bank's instruction and has serviced interest and/or installment of the existing loan regularly, as per the original terms of sanction. The borrower should have valid documents evidencing the title to the house/flat.

Punjab National Bank Home Loan Amount (LTV Ratio):

Loan Amount	Loan Percentage
Up to and including Rs 30 lakh	Up to 90% of property cost
Rs 30.01 lakh - Rs 75 lakh	Up to 80% of property cost
Above Rs 75 lakh	Up to 75% of property cost

Punjab National Bank Home Loan Customer Care

Punjab National Bank Home Loan Customer Care Toll-Free Number
Toll-free number: 1800 1080 / +91-22-33667777

Punjab National Bank Home Loan FAQ’S

Here are some of the frequently asked questions with regards to Punjab National Bank Home Loan

What is the current interest rate for Punjab National Bank home loans?

Punjab National Bank offers home loans starting from 8.4% p.a., varying based on the applicant's credit profile.

How do I calculate the interest cost for my Punjab National Bank home loan?

You can determine the interest cost using the Punjab National Bank Home Loan EMI Calculator. Simply input your loan amount, tenure, and interest rate into the calculator to obtain instant results.

What factors contribute to the fluctuation of Punjab National Bank home loan interest rates?

Punjab National Bank adjusts its housing loan rates in accordance with the repo rate. Changes in the repo rate prompt adjustments in the rates for existing Punjab National Bank home loan borrowers. Additionally, Punjab National Bank may modify the spread over benchmark rates during special or festive home loan offers.

Who is eligible to be a co-applicant for an Punjab National Bank Housing Loan?

Co-owners of the property must also be co-applicants for the Punjab National Bank Housing Loan. However, not all co-applicants need to be co-owners; close family members are typically permitted as co-applicants.

Can I make early payments toward my outstanding home loan amount?

Yes, partial or full prepayment of your home loan amount is allowed before the loan tenure ends. Punjab National Bank does not impose prepayment charges on home loans with floating interest rates.

How can I lower my Punjab National Bank Home Loan interest rate?

You can reduce your Punjab National Bank Housing Loan interest rate by transitioning from a higher interest rate to a lower one. Punjab National Bank charges a conversion fee for rate reductions, or alternatively, you can transfer your home loan to another lender offering lower rates.

What are the pre-closure charges for Punjab National Bank home loans?

Kotak Mahindra Bank does not levy prepayment fees on home loans with floating interest rates. For fixed-rate home loans, prepayment incurs a fee on the outstanding loan amount plus applicable taxes, except when using own sources for pre-closure.

What is the disbursement process for Punjab National Bank Home Loans?

After property and document verification and completion of the 'own contribution' or down payment, Punjab National Bank sanctions the home loan. Disbursement can be requested online or offline and is contingent on construction progress.

Is my spouse's income considered in calculating the home loan amount?

Yes, your spouse's income can bolster your home loan eligibility. Your spouse must provide income documents to Punjab National Bank for consideration.

What is the minimum credit score required for Punjab National Bank Home Loan applicants?

While Punjab National Bank doesn't specify a minimum credit score, it offers lower rates to applicants with scores of 750 and above.

Can I secure home loan approval while still deciding on a property?

Yes, you can apply for pre-approved home loan facilities based on your financial status, creditworthiness, and income. Property selection must occur within 6 months of loan sanction.