PNB Housing Finance

PNB Housing Finance Ltd., or PNB Housing as it is commonly known, is a public-sector housing finance company that commenced its operations on November 11, 1988. With more than 30 years of experience and the trust of customers, PNB Housing is serving clients with home loans at low and affordable interest rates starting at 8.75%* for salaried and 8.80%* for self-employed individuals, depending on their credit score and nature of employment. 

Promoted by Punjab National Bank (PNB), the housing finance company offers loans for a maximum of up to 90% of the cost of your property for a tenure of 30 years (up to the age of 70 years of the applicant). The processing fee charged by PNB Housing Finance is up to 1% for home loans, which is low and competitive. All these and more reasons have made PNB Housing the winner of several awards and achievements year after year, including the 'Great Indian BFSI Awards 2023 – CEO of the Year’.

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PNB Housing Finance Key Highlights

Get the lowest interest rates with PNB Housing Finance

Loan Amount INR 8 lakh onwards
Rate of Interest Starts at 8.75% for salaried and 8.80% for self-employed individuals
Processing Fee


Maximum Tenure for Repayment 30 years
Penal Rate of Interest
Rate Packages Floating rate
Charges for Prepayment/Foreclosure

PNB Housing Finance Interest Rates in 2024

The PNB Home loan interest rate is available at an attractive starting rate of 8.75% for salaried people, while it is 8.80% for self-employed individuals. However, the rate also depends on different home loan slabs as well as other factors like loan amount and employment type of the applicant. The table below shows the current home loan rates of PNB Housing as per credit score of customers:

Loan Slab Interest Rate for Home Loan
Home Loan Salaried/Self-Employed Professional (SEP) (Up to INR 35 lakhs) Starting from 8.75% to 10.75% 
Home Loan Self-Employed Non - Professional (SENP) (Up to INR 35 lakh) Starting from 8.9% to 11.25% 
Home Loan Salaried/Self-Employed Professional (SEP) (Above INR 35 lakh) Starting from 8.75% to 10.95% 
Home Loan Self-Employed Non - Professional (SENP) (Above INR 35 lakh) Starting from 8.8% to 11.45% 

Interest rates were last updated on 6th May 2024

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PNB Home Loan Eligibility Criteria

Customers of PNB Housing are required to fulfil specific PNB home loan eligibility criteria to avail of loans, which are determined by the capacity of the customer to repay as well as factors like the applicant’s age, income, credit score, etc. The table below enlists the eligibility criteria to apply for a PNB Housing finance home loan for all salaried (private or government) and self-employed individuals:

Eligibility Parameters For Salaried Individuals For Self-Employed Individuals
Age Range (in years) 21 - 70 Years 21 - 70 Years
Minimum Income Earned INR 15,000 and above INR 15,000 and above

PNB Housing Loan Processing Fee and Charges

PNB Housing charges a certain amount of processing fee from its customers for processing each home loan application. This processing fee is a percentage of the total loan amount. The table below enlists the PNB home loan processing fee and charges for your reference:

Processing fee

Up to 1% of the loan amount + GST

Cheque/NACH mandate form return
  • INR 750 + GST (1st bounce)
  • INR 1000 + GST (2nd bounce onwards)
Legal fee (for loan appraisal)

As per actual

  • INR 50 + GST on loan amounts up to INR 5 Lakhs 
  • INR 100 + GST on loan amount exceeding INR 5 lakhs
Overdue charges

2% per month on overdue payment

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PNB Home Loan Finance Schemes and Top Plans

PNB Housing offers several schemes for salaried and self-employed customers looking for home loans. Listed below are the top 7 popular home loan schemes provided by PNB Housing:

1. Home Purchase Loan

  • Use PNB housing home loan to purchase your dream house or residential property in India
  • This is a regular home loan that is used for buying, constructing, renovating, and extending your residential properties
  • The LTV ratio under this loan is up to 90% of the property value
  • The tenure of the plan is 30 years   

2. Home Improvement Loan

  • This loan covers any kind of renovation work on your existing residential property, such as repair work, upgradation of the house, flooring and water-proofing work, tiling, woodwork, false ceiling, plumbing, electrical work, and so on
  • Salaried and self-employed people can avail of this loan to revamp their existing home
  • Use this loan to renovate your old property into a new and ideal home

3. Home Extension Loan

  • You can avail this loan to add more space to your existing residential property to meet the requirements of your growing family
  • This loan can be used to add an extra room for your child or construct a guest room.

4. Home Construction Loan

  • The construction loan offers financial support to people who want to construct their own residential property
  • This is especially suitable for people who already own a plot/land and are willing to construct a customized residence on it
  • The tenure of the loan is 30 years

5. Residential Plot Loan

  • If you are interested in purchasing a residential plot in an urban area to construct a house, you can use this loan option
  • The plot loan is used to raise funds for buying a residential plot in a city 
  • The LTV Ratio that can be availed under this loan is up to 70-75% of the market value of the plot
  • The interest rates of plot loans are usually 1% higher as compared to the house loans, and the duration ranges from 10 to 15 years 

6. Loan for NRIs

  • The NRI loans offered by PNB Housing can be used by Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) to finance the buying of a new house or the construction of a new house property 
  • This loan can also be used for home improvement and renovation of house properties in India
  • The NRI loans offer various repayment options to the customers

7. Roshni Home Loan

  • This affordable housing loan option serves people who are new to credit and self-employed who are not earning a regular income
  • This loan can be availed by people with a monthly household income of INR 10,000
  • The loan amount offered under this loan is INR 30 lakh
  • The LTV Ratio of the loan is up to 90%, while the tenure of repayment is up to 30 years

Note: All of the above home loan plans are made available to applicants solely at the discretion of PNB Housing Finance, taking into consideration the earning and repayment capacity of the applicant.

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Documents Required for PNB Housing Home Loan

Applicants willing to avail of a PNB Housing home loan must submit a set of documents required for processing the loan application. Below is the list of PNB home loan documents that you need to avail a PNB home loan:

Documents Required for Salaried Applicants

Proof of Income

Form 16 for the last 2 years, Salary slips for the last 3 months, and bank statements for the last 6 months

Other Required Documents
  • Address proof – Aadhaar card, Passport, Driving Licence, Telephone Bill, Ration Card, Election Card, Any other Certificate from the Statutory Authority
  • Age Proof – Passport, PAN Card, Any other Certificate from a Statutory Authority

Documents Required for Self-Employed Applicants

Proof of Income

Related to ITR or business like the last 3 years' income tax returns, proof of the existence of your business, balance sheets certified by an accountant, and bank account statement of the last 12 months

Other Required Documents
  • Address proof – Aadhaar card, Passport, Driving Licence, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority,
  • Age Proof – PAN Card, Passport, or Any other Certificate from a Statutory Authority

Common Documents Required from Both Salaried and Self-Employed Applicants

Type of Document Documents Required
Identity & Address Proof

Voter ID, Driving License, Aadhaar Card, Copy of Passport, PAN Card

Documents Related to Property

For Developer property (Where the allotment is directly from the developer)

  • Letter of Allotment 
  • Builder buyer agreement
  • Receipt of Payment 
  • Permission from the respective authority to mortgage

For Resale Property

  • Sell Agreement 
  • Previous deeds from the first property allotment 
  • Sale deed (in favor of the seller)
  • Approved property map 
  • Receipt of land tax and possession certificate from concerned authorities
  • No Objection Certificate (NOC) provided by the builder or society 
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How to Apply for a PNB Housing Finance Home Loan?

The PNB Home Loan apply procedure is simple and hassle-free. Applicants can apply for the PNB Housing loan by following the below steps:

  • Apply for a Home Loan Through the BASIC Home Loan website
  • Proceed to the APPLY NOW section on the website - BASIC Home Loan 
  • Fill in the form by entering your Name, Contact Details and Submit the form
  • The team from BASIC Home Loan will reach out to you to initiate a hassle-free Home Loan application process

Find a PNB Housing Finance Home Loan Office Near You

If you are planning to visit one of the offices of PNB Housing Finance near you to learn about the latest offers in detail and to apply for a Home Loan, you can simply fill in the Free Consultation form, and the team of BASIC Home Loan will reach out to you for needful assistance in the process.


Interest rates and fees on home loans vary based on eligibility and lender criteria. All applicable fees and charges are subject to relevant taxes and can change at the lender’s discretion. For the most current information on home loan interest rates, processing fees, other applicable charges, and updates on eligibility criteria and loan offers, please visit the official website of the bank.


The interest rate offered by PNB Housing Finance starts at 8.75%* for salaried and 8.80%* for self-employed individuals (currently). However, it is best to check with the official website of PNB Housing once before opting for the loan.

  • Affordable EMIs and convenient repayment terms
  • Minimal documentation 
  • Tax benefits 
  • Balance transfer option
  • Longer tenure

  • Select the tenure of the loan carefully
  • Pay prepayments to relieve the burden of interest rate
  • Ask for a revision on the interest rate
  • Seek a loan balance transfer 
  • Select a floating home loan interest rate
  • Pay a higher down payment

You can use the PNB home loan eligibility calculator to check your home loan eligibility in PNB Housing.

To qualify for a PNB Housing home loan, the applicant must have a minimum gross monthly income of INR 15,000.

For salaried professionals, PNB Housing loan approval takes about 4-5 business days, while for self-employed individuals, it takes up to 7-10 business days.

A PNB Housing loan can be availed for everything ranging from purchasing a residential home, renovating your existing home, constructing a residential property, home extension, buying a plot for constructing a home, and so on. PNB Housing offers seamless and quick loans.

The maximum loan tenure for PNB housing finance is 30 years.