PNB Home Loan Interest Rates 2018
|Scheme||Limit Up to Rs. 75 Lac||Limit above Rs. 75 Lac|
|Floating PNB PRIDE #(Housing)||8.50%||8.55%|
|Floating OD HL||9.70%|
|Fixed PNB Pride#||Floating (PNB PRIDE #) +0.50% = 9.00%|
Latest Update: PNB Pride Housing Loan For Government Employees @ interest rates of 8.35% or similar to MCLR Rates for 1 Year. Eligibility for permanent Employees of Central / State Governments/ Defence Personnel & Paramilitary Forces – Individuals or Joint owners. Processing Charges & Documentation charges are NIL under PRIDE Scheme.
Why to Apply for Home Loans with PNB Bank
✔ 4.22% Market Share in Home Loan Segment, 7th Largest Lender.
✔ 6600+ Branches, 9 crore + Customers
✔ Most profitable bank in Public Sector Banks.
✔ Best Bank in India’s Young Survey
✔ Floating and Fixed INTEREST RATES available
✔ Longest Repayment period of upto 30 years
PNB Home Loan MCLR Rates March 2018:
|Tenure||Rate of Interest (%)|
Eligibility for PNB Home Loan:
✔ All Individuals who have regular source of Income with proof. Income of spouse/children/parents can also be added.
How Much maximum Loan Amount for home loan you get from PNB:
✔ For construction/purchase of house/flat:- Need based.
✔ For carrying out repairs/ renovations/ additions/ alterations: – Maximum of Rs. 25 lacs.
✔ For furnishing of house – Maximum Rs. 5 Lacs
✔ For purchase of Land/ Plot – Maximum Rs. 50 Lacs
Fully waived under Festival Bonanza Offer till 31.03.2018
Documentation Charges – Rs.1350/-
Margin: Construction/ purchase/ repairs/ renovations/ additions/ alterations –
✔ For Loans upto Rs.75 lac – 20%
✔ For Loans above Rs.75 lac – 25%
✔ Land/ Plot – 40%
PNB Home Loan Application Form
Borrowers can download all PNB Housing and Non Housing Loan Application forms for Individuals, Joint home loans at one click.
Application Form For Housing Loan For Individual
Most Important Terms & Conditions (MITC)
Home Loan Agreement booklet
Non – Home Loan Agreement Booklet
Punjab National Bank is the country’s second largest government-owned bank that started operation in 1894. During the long history of over 122 years of the Bank, 7 banks have merged with PNB and it has become stronger and stronger with a network of 6941 Domestic branches and 9753 ATMs as on 30th September 2017. Retail Loans of the Bank stood at Rs.71173 crore growing at 15.91% in Sep’17 while MSME Advances of the Bank were at Rs. 79301 crore as on 30.09.2017. Under Priority Sector, Advances to Agriculture and allied sectors stood at Rs.67503 crore showing YoY increase of 9.2%
Other available products of PNB in India:
PNB Official Website