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Punjab National Bank Home Loan

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Being one of the leading banks of India, Punjab National Bank (PNB) offers home loan to all those people who are looking to buy home, but do not have the funds to do so. Over the years, the traditional image, strong banking fundamentals, nationwide presence, and unspoiled brand image have been the strong pillars of the bank. 

What are you looking for 

Top-Up Loans   Balance Transfer Home Loan Home Loan 

Why PNB  

When choosing a right home loan, you look for affordable interest rates, flexible tenure, expansive set of features, simple documentation, speedy processing, etc. Rest assured, PNB (Punjab National Bank) has all these features and much more. The bank has categorized their home loan section in two segments –

Home Loans –

  • Home Purchase Loans. 
  • Home Construction Loans. 
  • Home Extension Loans. 
  • Plot Loans. 
  • Home Improvement Loans. 

Non-Home Loans –

  • Commercial property loan. 
  • Loan against property. 
  • Lease rental discounting. 

Whether you are a salaried individual or self-employed, HDFC Bank has a loan for you. Let us discuss them in detail –

Salaried Individuals 

As per ‘PNB Pride Scheme’ scheme, Punjab National Bank provide home loan to all the salaried individuals including employees of central, state, defense, and paramilitary forces. 

Features and Benefits –

  • You can use this loan for constructing a new house, buying an existing house, land for constructing a house, repair and renovating an existing house.  
  • Flexible or graduated repayment options are offered. 
  • You can make a choice between floating or fixed interest rates. 
  • You have the provision of shifting your existing home loan (from other bank) to PNB and enjoy lower EMI. 
  • Repayment term ranges up to 30 years. 
  • Quick and transparent process. 

Eligibility –

  • Employees of central government. 
  • Employees of state government. 
  • Defense Personnel (Army, Navy, and Air Force)
  • Employees of Para Military Force. 

Interest Rates –

CategoryFloating Interest Rates 
Salaried 8.90%
TermFixed Interest Rates 
3 Years 8.80% – 9.30%
5 Years 8.80% – 9.30%
10 Years 9.10% – 9.60%

Documentation –

  • Duly completed application form with 3 passport-sized photographs. 
  • Proof of Identity – (Any One) Voter ID Card/PAN Card/Passport/Driving License. 
  • Poof of Residence – (Any One) Recent copy of Telephone Bill/Electricity Bill/Water Bill/ or copy of Passport/Aadhar Card/Driving License. 
  • Bank account statement for last 6 months. 
  • If you have taken any loan in the past from other bank, then loan account statement for last 1 year. 
  • Current salary slips (3 months). 
  • Copy of Form 16 for last 3 years or copy of income tax return for last 3 financial years. 
  • Educational qualifications – latest degree. 

Margin –

Home Loan AmountMargin
Loans up to Rs. 75 Lacs20%
Loans above Rs. 75 Lacs25%

Borrowing Limit –

Loan Amount Maximum Funding
Up to Rs. 30 Lakhs90% of market value
Rs. 30 Lakhs and above, up to Rs. 75 Lakhs80% of market value 
Above Rs. 75 Lakhs 75% of market value 

Home Improvement Loan – Even though you have made your house perfect, but there may be some top-up features you want to add. This is where you can use one of Punjab National Bank’s home loan schemes – Home Improvement Loan to make the necessary changes to your dream house. When it comes to improvement, it can be full renovation, waterproofing, ceiling fixing, tiling & flooring, etc. 

Benefits –

  • You can avail this loan across India.
  • You get to make a choice from numerous repayment options. 
  • Quick and hassle-free disbursal of loans. 
  • Provision of loan amount increase with the increase in the cost. 

Eligibility –

Your age should be less than 70 years at the time of loan maturity. 

Interest Rates –

Floating Rate –

Category Interest Rate 
Salaried Individuals 8.60% – 10.25% 

Fixed Rate –

For amount up to Rs. 30 Lakhs –

Fixed for 2 Years Fixed for 3 YearsFixed for 5 Years Fixed for 10 Years
8.50% – 10.25%8.60% – 10.25%8.60% – 10.25%9.00% – 10.25%

For amount above Rs. 30 Lakhs –

Fixed for 2 YearsFixed for 3 Years Fixed for 5 Years Fixed for 10 Years 
8.60% – 10.25% 8.70% – 10.25%8.70% – 10.25%9.00% – 10.25% 

Documentation –

  • Duly filled application form with one photograph. 
  • Age Proof – PAN Card, Any certificate from Statutory Authority. 
  • Residence Proof – Passport, Driving License, Ration Card, Telephone Bill, Voter ID card, and Any certificate from Statutory Authority. 
  • Educational Qualifications – Latest Degree. 
  • Latest salary slips for 3 months. 
  • Form-16 for last 2 years. 
  • Last 6 months’ bank statements (Salary Account). 
  • Processing fee cheque in favour of PNB Housing Finance Ltd. 
  • Photocopy of title documents of the property, approved plan. 

*All the above-mentioned documents should be self-attested. 

Borrowing Limit –

Loan Amount Maximum Funding 
Up to Rs. 20 Lacs 90% of market value
Rs. 20 Lacs and above, up to Rs. 75 Lacs80% of market value 
Above Rs. 75 Lacs75% of market value 

Home Purchase Loan – If you are looking to buy your own house, then this is the loan for you. This is also one of the popular home loans of Punjab National Bank. 

Benefits –

  • Personalized home loans. 
  • Around the clock services. 
  • Easy loan disbursal. 
  • Branches throughout India. 
  • Easy and hassle-free repayment. 
  • Enhancement in the loan amount is cost rises. 

Eligibility –

Your age should be less than 70 years at the time of loan maturity. 

Interest Rates –

Floating Rate –

CategoryInterest Rate 
Salaried Individuals 8.60% – 10.25% 

Fixed Rate –

For amount up to Rs. 30 Lakhs –

Fixed for 2 Years Fixed for 3 Years Fixed for 5 YearsFixed for 10 Years
8.50% – 10.25%8.60% – 10.25% 8.60% – 10.25% 9.00% – 10.25%

For amount above Rs. 30 Lakhs –

Fixed for 2 Years Fixed for 3 Years Fixed for 5 Years Fixed for 10 Years 
8.60% – 10.25% 8.70% – 10.25% 8.70% – 10.25% 9.00% – 10.25%

 Documentation –

  • Duly filled application form with one photograph. 
  • Age Proof – PAN Card, Any certificate from Statutory Authority. 
  • Residence Proof – Passport, Driving License, Ration Card, Telephone Bill, Voter ID card, and Any certificate from Statutory Authority. 
  • Educational Qualifications – Latest Degree. 
  • Latest salary slips for 3 months. 
  • Form-16 for last 2 years. 
  • Last 6 months’ bank statements (Salary Account). 
  • Processing fee cheque in favour of PNB Housing Finance Ltd. 
  • Photocopy of title documents of the property, approved plan. 

*All the above-mentioned documents should be self-attested. 

Borrowing Limit –

Loan Amount Maximum Funding 
Up to Rs. 30 Lakhs 90% of market value
Rs. 30 Lakhs and above, up to Rs. 75 Lakhs 80% of market value 
Above Rs. 75 Lakhs75% of market value 

Pride Housing Loan – This scheme is offered to the government employees at affordable interest rates so that they can have a house for themselves. 

Benefits –

  • As a government employee, you can avail this loan to construct a house or a flat, buy a house or a flat, or buy a unit from a residential project from Housing Board/Development Authorities. 
  • You can use this loan to carry out additional construction on already constructed property, repair or renovate an existing house. 

Eligibility – 

  • You can avail this loan if you are a permanent employee of Central/State Government.
  • Defense personnel (Army, Air Force, Para Military Force and Navy). 

Interest Rates –

Loan Amount Interest Rates
Loan Up to Rs. 75 Lakhs 20%
Loan above Rs. 75 Lakhs 25%
Purchase of land/plot for house building 25%

Documentation –

  • Duly filled application form with one photograph. 
  • Age Proof – PAN Card, Any certificate from Statutory Authority. 
  • Residence Proof – Passport, Driving License, Ration Card, Telephone Bill, Voter ID card, and Any certificate from Statutory Authority. 
  • Permission for construction (where applicable). 
  • Occupancy Certificate (if it is a ready to move property). 
  • Payment receipts or Bank account statements showing all payments have been made to the seller. 
  • Bank account statement for last 6 months. 
  • Current salary slips (3 months).
  • Copy of Form 16 for last 3 years or copy of income tax returns for last 3 financial years. 

Borrowing Limit –

The amount will depend on the cost of the project and your repaying capability. For State Capitals and Metros, if you have plans to buy a land or a plot, then you take a maximum of Rs. 100 Lakhs and for other centres, Rs. 50 Lakhs. For repairing, renovation and other alterations, then the maximum amount you can avail is Rs. 25 Lakhs. 

Housing Loan for Public – Pradhan Mantri Awas Yojana – Housing for All – As per this scheme, if you belong to economically weaker section and low income group, this Punjab National Bank home loan scheme ensures easy availability of housing finance at affordable interest rates. 

You can use the funds to construct additional rooms, toilet, kitchen, etc. You can also use the funds to buy a new house or a flat or you can also start a construction. The scheme will also include 4041 Statutory Towns as per the Census of 2011. 

Benefits –

  • The calculation of the Net Present Value of the subsidy on the interest will be done at a discounted rate of 9%.
  • As per PMAY (Pradhan Mantri Awas Yojana), you will get a subsidy between Rs. 1 Lakh and Rs. 2.3 Lakh. 
  • Differently abled aged applicants will be allotted ground floor houses. 
  • The subsidy will only be offered for the loans up to Rs. 6 Lakhs. 
  • You get to enjoy a subsidized interest rate of 6.5% for 15 years. 
  • There are no processing or documentation charges. 
  • As per this scheme, maximum subsidy amount is Rs. 2,20,187. 

Eligibility –

People belonging to EWS (Economically Weaker Section) and LIG (Low Income Group) category. Joint owners from the same family can also apply. 

  • EWS Households – Households with an annual income up to Rs. 3,00,000. 
  • LIG Households – Households with an annual income more than Rs. 3,00,000 and up to Rs. 6,00,000. 

Margin (Borrower’s Contribution) –

Home Loan Amount Margin 
For Loans up to Rs. 20 Lakhs 10%
For Loans above Rs. 20 Lakhs & up to Rs. 30 Lakhs20%

Processing Charges/Upfront Fee –

  • There are no charges for loans up to Rs. 6 Lac. 

Housing Loan for Public – Pradhan Mantri Awas Yojana – Middle Income Group – This scheme from PNB ensures that there is an availability of housing loan to all those people belonging to MIG I and MIG II categories. These loans are offered at attractive interest rates. 

Key Features – 

  • For acquisition/construction of a house of 90 square meters and with a carpet area of 110 square meters according to your income eligibility along with the essential infrastructure like sanitation, road, water, electricity, toilet, and sewerage. 
  • As per the scheme, loans considered for renovation/extension/repair will not be eligible for subsidy. Dwelling units with large carpet area are also not eligible for subsidy. 
  • Repayment can be made up to the age of 70 years or 30 years, comprising of moratorium period, whichever is earlier.
  • Maximum loan tenure is 20 years. 

Eligibility –

  • People belonging to MIG category. Joint owners from the same family can also apply. 
  • There should be no homes registered under your name. 
  • If you are an adult and living with your parents and you don’t own a pucca house, then you can apply for this scheme. 
  • You should not have gained any benefits of any other housing scheme offered by the Government of India. 
  • MIG I Households – Households with an annual income more than Rs. 6,00,000 and up to Rs. 12,00,000. 
  • MIG II Households – Households with an annual income more than Rs. 6,00,000 and up to Rs. 18,00,000. 

Margin (Borrower’s Contribution) –

Loan Amount Interest Rate
Loan up to Rs. 75 Lakhs 20%
Loan above Rs. 75 Lakhs 25%

Borrowing Limit –

  • Eligible housing loan amount for interest subsidy for MIG I – Rs. 9,00,000.
  • Eligible housing loan amount for interest subsidy for MIG II – Rs. 12,00,000.

Residential Plot Loan – In order to construct residential premises, you can avail one of the popular schemes of PNB home loan to buy a residential plot in an urban region. 

Main Features –

  • For buying a house from an individual on resale, the amount needs to be paid in lump sum to the seller, at the time of transfer after being assured that the borrower has made the payment i.e. 20% of the property amount. 
  • Good post disbursement services. 
  • Increase in the loan amount with the increase in the cost. 
  • For buying an under-construction house/flat, the loan amount will be disbursed in stages based on the progress of the construction. Loan repayment can be made through EMIs through post-dated cheques or Electronic Clearance System over a period of 30 years. 

Eligibility –

  • Your age should not be more than 70 years at the time of loan maturity. 

Interest Rates –

Floating Rate –

CategoryInterest Rate 
Salaried Individuals 9.60% – 11.25% 

Fixed Rate –

Fixed for 1 Year Fixed for 2 YearsFixed for 3 YearsFixed for 5 YearsFixed for 10 Years
8.35% – 10.25%8.50% – 10.25% 8.50% – 10.25%8.50% – 10.25% 9.00% – 10.25%

Documentation –

  • Duly filled application form with one photograph. 
  • Age Proof – PAN Card, Any certificate from Statutory Authority. 
  • Residence Proof – Passport, Driving License, Ration Card, Telephone Bill, Voter ID card, and Any certificate from Statutory Authority. 
  • Educational Qualifications – Latest Degree. 
  • Latest salary slips for 3 months. 
  • Form-16 for last 2 years. 
  • Last 6 months’ bank statements (Salary Account). 
  • Processing fee cheque in favour of PNB Housing Finance Ltd. 
  • Photocopy of title documents of the property, approved plan. 

*All the above-mentioned documents should be self-attested. 

Borrowing Limit –

Loan Amount Maximum Funding 
Up to Rs. 20 Lakhs 90% of the market value 
Rs. 20 Lakhs and above, up to Rs. 75 Lakhs 80% of the market value 
More than Rs. 75 Lakhs 75% of the market value 

Home Loan for NRIs – Buying, repairing, constructing and renovating a residential property in India is made easier by Punjab National Bank’s NRI Home Loan.  

Key Features –

  • Pan India branch network. 
  • Brilliant post disbursement services. 
  • Multiple repayment options. 
  • Facility of loan amount enhancement with the escalation in the cost. 

Eligibility –

  • It is important you should be working overseas for at least one year. 
  • You should be a citizen of India or a PIO (Person of Indian Origin) having an Indian passport along with the status of NRI on employment/assignment/deputation. 
  • Your age should not be over 70 years at the time of loan maturity. 

Interest Rates –

Floating Rate –

CategoryInterest Rate 
Salaried Individuals 8.50% 

Fixed Rate –

Fixed for 1 YearFixed for 2 YearsFixed for 3 Years Fixed for 5 YearsFixed for 10 Years
8.35% – 10.25%8.50% – 10.25%8.50% – 10.25% 8.50% – 10.25% 9.50% – 10.25% 

Documentation –

  • Duly filled application form along with a photograph. 
  • Age Proof – Passport, PAN Card, Any other Certificate from Statutory Authority. 
  • Residence Proof – Telephone bill, Passport, Ration Card, Election Card, Driving License, Any other Certificate from Statutory Authority. 
  • Education Qualifications – Latest Degree. 
  • Processing Fee Cheque in favor of PNB Housing Finance Ltd. 
  • Copy of Work Permit (If Applicable). 
  • Latest 3 salary slips. 
  • Photocopy of title documents of the Approved Plan, Property, etc. 
  • Detailed cost estimate from an architect/valuer in case of renovation/construction. 
  • Copy of Passport/PIO Card. 
  • Appointment Letter of current employer. 
  • Last 2 year’s income statement from employers. 
  • Last 6 months’ bank statements. 

Borrowing Limit –

Loan Amount Maximum Funding
Up to Rs. 75 Lakhs 80% of the market value
Above Rs. 75 Lakhs75% of the market value 

Unnati Home Loans – This PNB Home Loan is for the customers belonging to the lower and middle income segment. This loan enables them to turn the dream of owning their own home into reality at affordable EMIs (Equated Monthly Instalments). 

Key Features –

  • The scheme can be availed by people belonging to middle and lower income segment. 
  • The scheme offers loans up to Rs. 25 Lakhs subject to 90% of the property value. 
  • In order to avail the loan, you need to have a minimum monthly salary of Rs. 10,000 and above. 
  • Unnati Home Loans cover loans up to Rs. 25 Lakhs subject to 90% of the property market value.  
  • The loan can be availed at an attractive interest rate i.e. 10.50% p.a.
  • The loan term is up to 30 years with an option of both fixed & floating interest rates. 
  • There is an option of fixed rate for 3,5, and 10 years offering protection from the market fluctuations. 

Eligibility –

  • Your age should not be more than 70 years at the time of loan maturity. 
  • If you are earning a fixed minimum salary of Rs. 10,000 per month. This is also valid for the combined income in case of a co-applicant.  
  • If you have a professional degree/diploma/Post Graduate Degree/ITI etc. 

Interest Rates –

Floating Rate – 9.75%

Fixed Rate –

Fixed for 1 YearFixed for 2 Years Fixed for 3 Years Fixed for 5 YearsFixed for 10 Years 
9.75%9.75% 9.75%9.75%9.75% 

Documentation –

  • Duly filled application form along with a photograph. 
  • Age Proof – Passport, PAN Card, Any other Certificate from Statutory Authority. 
  • Residence Proof – Telephone bill, Passport, Ration Card, Election Card, Driving License, Any other Certificate from Statutory Authority. 
  • Processing fee cheque in favor of PNB Housing Finance Ltd. 
  • Latest salary slips/salary certificates for 3 months. 
  • Form 16 for last 2 years.
  • Last 6 months’ bank statements (salary account).
  • PNB Housing Loan Processing fee cheque in favor of PNB Housing Finance Ltd. 
  • Photocopy of title documents of property, approved plan. 

Borrowing Limit –

Loan Amount Maximum Funding 
Up to Rs. 25 Lakhs Up to 90% of the property’s market value. 

Pradhan Mantri Awas Yojana – This Credit Linked Subsidy Scheme of PNB Housing Loan is for the EWS (economically weaker section) and LIG (lower income group), and MIG (middle income group) and undoubtedly a key Punjab National Bank home loan. As per this scheme, you can avail interest subsidy on the construction, renovation, and purchase of a house. 

Main features & benefits –

  • This loan aims to provide housing loan to the people belonging to economically weaker sections and low income group. The loan is offered at affordable interest rates. 
  • Attractive benefits for the first property purchase. 
  • As per this scheme, women ownership is necessary under EWS & LIG category for purchasing a new house. 
  • The loan is up to 90% of the property value. 
  • There are no prepayment or foreclosure charges. 
  • Customized eligibility programs. 

Interest Rates –

8.50% – 8.70%

Documentation –

  • Duly filled application form along with a photograph. 
  • KYC documents including Aadhaar Card or PAN Card. 
  • Latest salary slips of 3 months. 
  • Education qualifications – latest. 
  • Form 16 for last 2 years. 
  • Processing fee cheque in favour of PNB Housing Finance Ltd. 
  • Photocopy of title documents of the property, approved loan. 
  • Self-declaration of the family income. 

Borrowing Limit –

The maximum loan amount you can borrow is Rs. 30 Lakhs. 

Self-employed Individuals 

Self-employed Individuals 

Punjab National Bank offer tailor-made home loans for the self-employed as well. So, whether you are a doctor, lawyer, or chartered accountant, rest assured PNB has a home loan for you with attractive interest rates. 

Key Features –

  • You can use the loan for the construction of a new house, buy an existing house, buy a land for constructing a house, renovating an existing, etc. 
  • You get to choose from floating or fixed interest rates. 
  • The repayment term ranges up to 30 years. 
  • Fast and transparent process. 
  • Flexible or graduated repayment option is offered. 
  • You can shift your existing home loan from another bank to Punjab National Bank and enjoy lower EMIs. 

Eligibility –

  • In order to avail PNB Home Loan your minimum age should 21 years and maximum age should be 65 years. 
  • As a self-employed individual, you should in business for at least 3 years during which your business should be profitable. 

Interest Rates –

CategoryFloating Interest Rates 
Self-employed professionals8.90% – 9.40%
Tenure  Fixed Interest Rates 
3 Years8.80% – 9.30%
5 Years8.80% – 9.30% 
10 Years9.10% – 9.60% 

Documentation –

  • Duly completed application form with 3 passport-sized photographs. 
  • Proof of Identity – (Any One) Voter ID Card/PAN Card/Passport/Driving License. 
  • Poof of Residence – (Any One) Recent copy of Telephone Bill/Electricity Bill/Water Bill/ or copy of Passport/Aadhar Card/Driving License. 
  • Bank account statement for last 12 months (self & business).
  • Educational qualifications – latest degree (for professionals). 
  • Certificate and proof of business existence along with business profile. 
  • Photocopy of title documents of the property, approved plan, etc.
  • Balance sheets duly audited by a chartered accountant. 
  • Last 3 years’ income tax returns (self & business) with profit & loss account. 
  • Processing fee cheque in favor of PNB Housing Finance Ltd. 

Borrowing Limit –

Loan Amount Maximum Funding
Up to Rs. 30 Lakhs 90% of market value 
Rs. 30 Lakhs and above, up to Rs. 75 Lakhs 80% of market value 
Above Rs. 75 Lakhs 75% of market value

Home Improvement Loan – There is no doubt that the interiors of your house reflects your personality and to constantly upgrade it in terms of looks, PNB offers Home Improvement Loan. 

Key Features –

  • You can avail this loan across India.
  • You get to make a choice from numerous repayment options. 
  • Quick and hassle-free disbursal of loans. 
  • Provision of loan amount increase with the increase in the cost. 

Eligibility –

Your age should be less than 70 years at the time of loan maturity. 

Interest Rates –

PNB Housing Loan has floating interest rate, linked to its benchmark rate PNBHFR –

Floating Rate –

CategoryInterest Rate 
Self-employed Professionals 8.60% – 10.25%

Fixed Rate –

For amount up to Rs. 30 Lakhs –

Fixed for 2 Years Fixed for 3 Years Fixed for 5 Years Fixed for 10 Years 
8.50% – 10.25% 8.60% – 10.25% 8.60% – 10.25% 9.00% – 10.25% 

For amount above Rs. 30 Lakhs –

Fixed for 2 Years Fixed for 3 Years Fixed for 5 Years Fixed for 10 Years 
8.60% – 10.25% 8.70% – 10.25% 8.70% – 10.25% 9.00% – 10.25% 

Documentation –

  • Duly filled application form with one photograph. 
  • Age Proof – PAN Card, Any certificate from Statutory Authority. 
  • Residence Proof – Passport, Driving License, Ration Card, Telephone Bill, Voter ID card, and Any certificate from Statutory Authority. 
  • Educational Qualifications – Latest Degree (for professionals).
  • Certificate and proof of business existence along with business profile. 
  • Last 3 years’ income tax returns (self & business) with profit & loss account and balance sheets duly audited by a chartered accountant. 
  • Last 12 months’ bank account statements (self & business). 
  • Processing fee cheque in favour of PNB Housing Finance Ltd. 
  • Photocopy of title documents of the property, approved plan, etc. 

*All the above-mentioned documents should be self-attested. 

Borrowing Limit –

Loan Amount Maximum Funding 
Up to Rs. 20 Lacs 90% of market value 
Rs. 20 Lacs and above, up to Rs. 75 Lacs 80% of market value 
Above Rs. 75 Lacs 75% of market value 

Home Purchase Loan – As per the scheme of PNB Home Loan, you can avail Home Purchase Loan to buy, construct, and extend the dwelling units. The bank offers customized home loan solutions along with top-notch services and simplified loan procedures. 

Key features and benefits –

  • Branches throughout India. 
  • Around the clock services. 
  • Easy loan disbursal. 
  • Enhancement in the loan amount is cost rises. 
  • Personalized home loans. 
  • Easy and hassle-free repayment. 

Eligibility –

Your age should be less than 70 years at the time of loan maturity. 

Floating Rate –

Interest Rates –

Category Interest Rate 
Self-employed individuals 10.25%

Fixed Rate –

For amount up to Rs. 30 Lakhs –

Fixed for 2 Years Fixed for 3 Years Fixed for 5 Years Fixed for 10 Years 
8.50% – 10.25% 8.60% – 10.25% 8.60% – 10.25% 9.00% – 10.25% 

For amount above Rs. 30 Lakhs –

Fixed for 2 Years Fixed for 3 Years Fixed for 5 Years Fixed for 10 Years 
8.60% – 10.25% 8.70% – 10.25% 8.70% – 10.25% 9.00% – 10.25% 

Documentation –

  • Duly filled application form with one photograph. 
  • Age Proof – PAN Card, Any certificate from Statutory Authority. 
  • Residence Proof – Passport, Driving License, Ration Card, Telephone Bill, Voter ID card, and Any certificate from Statutory Authority. 
  • Educational Qualifications – Latest Degree (for professionals). 
  • Certificate and proof of business existence along with business profile. 
  • Last 3 years’ income tax returns (self & business) with profit and loss account and balance sheets duly audited by a chartered accountant. 
  • Last 12 months’ bank account statements (self & business). 
  • PNB Housing Loan processing fee cheque in favour of PNB Housing Finance Ltd. 
  • Photocopy of title documents of the property, approved plan, etc. 

*All documents should be self-attested.

Borrowing Limit –

Loan Amount Maximum Funding 
Up to Rs. 30 Lakhs 90% of market value 
Rs. 30 Lakhs and above, up to Rs. 75 Lakhs 80% of market value 
Above Rs. 75 Lakhs 75% of market value 

Housing Loan for Public – Pradhan Mantri Awas Yojana – Housing for All – This PNB Housing Loan scheme is for the economically weaker section and people from low income group. This loan can be availed at affordable interest rates. Using the funds, you can construct additional toilets, kitchen, and additional rooms. 

Key Features –

  • A subsidized interest rate of 6.5% is offered for 15 years. 
  • The subsidy amount, as per this scheme, is between Rs. 1 Lakh and Rs. 2.3 Lakh. 
  • Maximum subsidy amount offered is Rs. 2,20,187 
  • Differently abled aged applicants will be allotted ground floor houses. 
  • The subsidy is only for the loans up to Rs. 6 Lakhs. 
  • The Net Present Value of the subsidy on the interest will be calculated at a discounted rate of 9%.
  • You don’t need to pay any processing or documentation charges. 

Eligibility –

If you belong to EWS (Economically Weaker Section) and LIG (Low Income Group) category. Joint owners from the same family can also apply. 

  • EWS Households – Households with an annual income up to Rs. 3,00,000. 
  • LIG Households – Households with an annual income more than Rs. 3,00,000 and up to Rs. 6,00,000. 

Margin (Borrower’s Contribution) –

Home Loan Amount Margin 
For Loans up to Rs. 20 Lakhs10%
For Loans above Rs. 20 Lakhs & up to Rs. 30 Lakhs 20%

Processing Charges/Upfront Fee –

  • There are no charges for loans up to Rs. 6 Lac. 

Housing Loan for Public – Pradhan Mantri Awas Yojana – Middle Income Group – You can avail this loan if you belong to MIG I and MIG II categories. These loans are offered at attractive interest rates. 

Key Features – 

  • For acquisition/construction of a house of 90 square meters and with a carpet area of 110 square meters according to your income eligibility along with the essential infrastructure like sanitation, road, water, electricity, toilet, and sewerage. 
  • Maximum loan tenure is 20 years. 
  • Repayment can be made up to the age of 70 years or 30 years, comprising of moratorium period, whichever is earlier.
  • As per the scheme, loans considered for renovation/extension/repair will not be eligible for subsidy. Dwelling units with large carpet area are also not eligible for subsidy. 

 Eligibility –

  • You can avail this loan, if you belong to Middle Income Group category. Joint owners from the same family can also apply. 
  • If you are an adult and living with your parents and you don’t own a pucca house, then you can apply for this scheme. 
  • There should be no homes registered under your name. 
  • You should not have gained any benefits of any other housing scheme offered by the Government of India. 
  • MIG I Households – Households with an annual income more than Rs. 6,00,000 and up to Rs. 12,00,000. 
  • MIG II Households – Households with an annual income more than Rs. 6,00,000 and up to Rs. 18,00,000. 

Margin (Borrower’s Contribution) –

Loan Amount Interest Rate 
Loan up to Rs. 75 Lakhs 20%
Loan above Rs. 75 Lakhs 25%

Borrowing Limit –

  • Eligible housing loan amount for interest subsidy for MIG I – Rs. 9,00,000.
  • Eligible housing loan amount for interest subsidy for MIG II – Rs. 12,00,000.

Residential Plot Loan – If you are looking to construct residential premises, you can avail one of the popular schemes, of PNB Housing, to buy a residential plot in an urban region. 

Key Features –

  • For buying an under-construction house/flat, the loan amount will be disbursed in stages based on the progress of the construction. Loan repayment can be made through EMIs through post-dated cheques or Electronic Clearance System over a period of 30 years. 
  • For buying a house from an individual on resale, the amount needs to be paid in lump sum to the seller, at the time of transfer after being assured that the borrower has made the payment i.e. 20% of the property amount. 
  • Impressive post disbursement services. 
  • Increase in the loan amount with the increase in the cost. 

Eligibility –

  • Your age should not be more than 70 years at the time of loan maturity. 

Interest Rates –

Floating Rate –

Category Interest Rate 
Self-employed individuals9.60% – 11.25% 

Fixed Rate –

For amount up to Rs. 30 Lakhs –

Fixed for 2 Years Fixed for 3 Years Fixed for 3 YearsFixed for 3 YearsFixed for 3 Years 
8.35% – 10.25% 8.50% – 10.25% 8.50% – 10.25% 8.50% – 10.25% 9.00% – 10.25% 

Documentation –

  • Duly filled application form with one photograph. 
  • Age Proof – PAN Card, Any certificate from Statutory Authority. 
  • Residence Proof – Passport, Driving License, Ration Card, Telephone Bill, Voter ID card, and Any certificate from Statutory Authority. 
  • Educational Qualifications – Latest Degree (for professionals). 
  • Certificate and proof of business existence along with business profile. 
  • Last 3 years’ income tax returns (self & business) with profit and loss account and balance sheets duly audited by a chartered accountant. 
  • Last 12 months’ bank account statements (self & business). 
  • PNB Housing Loan processing fee cheque in favour of PNB Housing Finance Ltd. 
  • Photocopy of title documents of the property, approved plan, etc. 

*All documents should be self-attested. 

Borrowing Limit –

Loan Amount Maximum Funding 
Up to Rs. 20 Lakhs 90% of the market value 
Rs. 20 Lakhs and above, up to Rs. 75 Lakhs 80% of the market value 
More than Rs. 75 Lakhs 75% of the market value

Home Loan for NRIs – If you are an NRI, you can avail this home loan to buy, construct, repair or renovate a residential property in India. 

Key Features –

  • Impressive post disbursement services. 
  • Multiple repayment options. 
  • Pan-India branch network. 
  • Provision of loan amount increase with the increase in the cost. 

Eligibility –

  • You should be working overseas for at least one year. 
  • You should be a citizen of India or a PIO (Person of Indian Origin) with an Indian passport along with the status of NRI on employment/assignment/deputation. 
  • Your age should not be over 70 years at the time of loan maturity. 

Interest Rates –

Floating Rate –

Category Interest Rate 
Self-employed Individuals 8.60% – 10.25%

Fixed Rate –

Fixed for 1 Year Fixed for 2 YearsFixed for 3 YearsFixed for 5 YearsFixed for 10 Years
8.35% – 10.25% 8.50% – 10.25% 8.50% – 10.25% 8.50% – 10.25% 9.00% – 10.25% 

Documentation –

  • Duly filled application form along with a photograph. 
  • Age Proof – Passport, PAN Card, Any other Certificate from Statutory Authority. 
  • Residence Proof – Telephone bill, Passport, Ration Card, Election Card, Driving License, Any other Certificate from Statutory Authority. 
  • Education Qualifications – Latest Degree. 
  • Processing Fee Cheque in favor of PNB Housing Finance Ltd. 
  • Copy of Work Permit (If Applicable). 
  • Latest 3 salary slips. 
  • Photocopy of title documents of the Approved Plan, Property, etc. 
  • Detailed cost estimate from an architect/valuer in case of renovation/construction. 
  • Copy of Passport/PIO Card. 
  • Appointment Letter of current employer. 
  • Last 2 year’s income statement from employers. 
  • Last 6 months’ bank statements. 

Borrowing Limit –

Loan Amount Maximum Funding 
Up to Rs. 75 Lakhs 80% of the market value 
Above Rs. 75 Lakhs 75% of the market value 

Unnati Home Loans – If you belong to a lower and middle income segment, then you can avail this loan. Using this loan, you can easily turn the dream of owning your own home into reality. 

Key Features –

  • As per the scheme, you will receive loans up to Rs. 25 Lakhs subject to 90% of the property value. 
  • There is an option of fixed rate for 3,5, and 10 years offering protection from the market fluctuations. 
  • Unnati Home Loans cover loans up to Rs. 25 Lakhs subject to 90% of the property market value.  
  • The loan can be availed at an attractive interest rate i.e. 10.50% p.a.
  • The loan term is up to 30 years with an option of both fixed & floating interest rates. 
  • In order to avail the loan, you need to have a minimum monthly salary of Rs. 10,000 and above.
  • The scheme can be availed by people belonging to middle and lower income segment. 

Eligibility –

  • Your age should not be more than 70 years at the time of loan maturity. 
  • You should be earning a fixed minimum salary of Rs. 10,000 per month. This is also valid for the combined income in case of a co-applicant.  
  • If you have a professional degree/diploma/Post Graduate Degree/ITI etc. 

Interest Rates –

Floating Rate – 9.75%

Fixed for 1 Year Fixed for 2 Years Fixed for 3 Years Fixed for 5 Years Fixed for 10 Years 
9.75%9.75%9.75%9.75%9.75% 

Documentation –

  • Duly filled application form along with a photograph. 
  • Age Proof – Passport, PAN Card, Any other Certificate from Statutory Authority. 
  • Residence Proof – Telephone bill, Passport, Ration Card, Election Card, Driving License, Any other Certificate from Statutory Authority. 
  • Processing Fee Cheque in favor of PNB Housing Finance Ltd. 
  • Certificate and proof of business existence along with business profile. 
  • Photocopy of title documents of the property, approved plan etc. 
  • Last 6 months’ bank account statements (self & business). 
  • Last 2 years’ income tax returns of both self and business. 

Borrowing Limit –

Loan Amount Maximum Funding 
Up to Rs. 25 Lakhs Up to 67% of the property’s market value. 

Pradhan Mantri Awas Yojana – This is a Credit Linked Subsidy Scheme and it is for the people belonging to EWS (economically weaker section) and LIG (lower income group), and MIG (middle income group). According to this scheme, you can have interest subsidy on purchase, construction, and renovation of a house. 

Salient Features –

  • This loan is for all those people who belong to economically weaker sections and low income group. You get to avail this loan at affordable interest rates. 
  • There are no prepayment or foreclosure charges. 
  • Attractive benefits for the first property purchase. 
  • As per this scheme, women ownership is necessary under EWS & LIG category for purchasing a new house. 
  • Customized eligibility programs. 
  • The loan is up to 90% of the property value. 

Interest Rates –

8.50% – 8.70%

Documentation –

  • Proof of business existence along with business profile. 
  • Duly filled application form along with a photograph. 
  • KYC documents including Aadhaar Card or PAN Card. 
  • Last 3 years’ income tax returns (self & business) with profit & loss and balance sheets audited by a chartered accountant. 
  • Last 12 months’ bank account statements (self & business). 
  • Processing fee cheque in favour of PNB Housing Finance Ltd. 
  • Photocopy of title documents of the property, approved loan. 

Borrowing Limit –

The maximum loan amount you can borrow is Rs. 30 Lakhs.

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