PNB Bank Home Loan

A PNB Home Loan gives flexibility to a home buyer looking to finance purchase of a home.

PNB Home Loan Product & Features

PNB Home loan is available purchase and construction and extension of dwelling units with various repayment options.

SHUBHAM Housing Finance Interest Rates

Interest rates for PNB Home Loan are as follows:

Floating rate of interest, linked to its benchmark rate PNBHFR: 14.35% p.a. and applicable w.e.f. January 6, 2017 are given below.

• Salaried - 8.90%
• Self Employed Professionals - 8.90% – 9.40%
• Self Employed Non Professionals - 9.10%-9.60%

FIXED RATE

PNB Housing offers 3 year, 5 year & 10 year Fixed Rate Scheme w.e.f. January 11, 2017

Salaried & Self Employed Professionals

• Fixed for 3 years - 8.80% – 9.30%
• Fixed for 5 years - 8.80% – 9.30%
• Fixed for 10 years - 9.10% – 9.60%

Self Employed Non-professionals

• Fixed for 3 years - 8.99% – 9.49%
• Fixed for 5 years - 8.99% – 9.49%
• Fixed for 10 years - 9.30% – 9.80%

PNB Home Loan Eligibility

PNB Home Loan eligibility is very simple - You not be more than 70 years of age at the time of loan maturity.

PNB Home Loan Documents:

The PNB Home Loan Documents requirement varies for salaried employees from self-employed or professional.

Salaried Employees

• Duly filled Application Form with Photograph Click here to download the application form
• Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority)
• Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)
• Education 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

Self Employed/Professionals

• Duly filled Application Form with Photograph Click here to download the application form
• Age Proof (PAN Card, Passport, Any other Certificate from Statutory Authority)
• Residence Proof (Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority)
• Education Qualifications – Latest Degree (for professionals)
• Certificate & Proof of business existence along with Business Profile
• Last 3 years Income Tax returns (self and business) with Profit & Loss Account & Balance Sheets duly certified/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.

PNB Home Loan Calculator

The PNB Home Loan Calculator uses the simple, user-friendly tool design to give you an approximate amount for your home loan.

The formula to calculate your PNB Housing Finance EMI is

P*r* (1+r)^n/([(1+r)^n]-1)
Here is an illustration of how PNB Housing Finance Home Loan EMI is calculated:
In above formula,
P = Loan amount. This can range from Rs. 1,500,000 to Rs. 100,000,000
r = Rate of interest per month. Current rate is 8.90%, which is linked to PNB PLR
n = tenure in month. For PNB Housing Finance, this can be 360 months