PNB Home Loan Interest Rates Starting from 8.60%


PNB offers attractive home loan interest rates, starting from 8.60% p.a., for individuals looking to purchase their dream homes. These rates are competitive and provide appealing financing options for various durations, extending up to 30 years. 

PNB Home Loan Interest Rate

Depending on specific conditions, the loan amount can cover up to 80% of the property value. Women applicants can benefit from even more favourable interest rates, starting at 8.60% p.a. It’s worth mentioning that PNB assesses applicants’ creditworthiness and requires a minimum credit score of 650 for loan approval.

PNB Home Loan Interest Rates of Different Schemes in July 2023

Here are the interest rate ranges for different home loan schemes offered by PNB:

Scheme                      Interest Rate Range
PNBHFR Series 4 10.60% – 11.20%
PNBHFR Base Rate 2020 11.75% – 12.35%
PNB Flexi Home Loan 8.90% – 9.00%
Gen-Next Home Loan 8.60% – 9.20%
Women’s Home Loan 8.60% – 9.20%
Defence Personnel Home Loan 8.60% – 9.20%
Senior Citizen Home Loan 8.60% – 9.20%

PNB Offers Different Types of Home Loans – An In-Depth Overview

PNB provides a wide range of home loan types to fit different needs:

PNBHFR Series 4

The PNBHFR Series 4 Home Loan is a home loan that is available to both salaried and self-employed individuals who are looking to purchase their very own housing property. 
Read: What Is Home Loan Refinancing? Benefits, Features and Process Explained

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  • Applicant Type: Individuals, including salaried and self-employed.
  • Eligibility:
    • Age: 21 – 70 years
    • Cibil Score: Minimum credit score must be 650.
    • Employment Type: Salaried or self-employed.
  • Loan Tenure: Up to 30 years.
  • Loan Amount: 8 – 50 Lakhs
  • Interest Rate: 10.60% – 11.20%
  • Processing Fees: 1% of the loan amount

PNBHFR Base Rate 2020

PNBHFR Base Rate 2020 is a home loan product provided by PNB Housing Finance. It caters to both salaried and self-employed individuals who would like to purchase their residential property.

  • Applicant Type: Individuals, including salaried and self-employed.
  • Eligibility:
    • Age: 21 – 70 years
    • CIBIL Score: Minimum credit score must be 650.
    • Employment Type: Both salaried and self-employed.
  • Loan Tenure: Up to 30 years.
  • Loan Amount: 8 – 50 Lakhs
  • Interest Rate: 11.75% – 12.35%
  • Processing Fees: 1% of the loan amount

PNB Flexi Home Loan

PNB Flexi Home Loan is a good option for borrowers who are looking for a flexible home loan with the potential to save money on interest. 

  • Applicant Type: Individuals, including salaried and self-employed.
  • Eligibility:
    • Age: 21 – 70
    • CIBIL Score: Minimum credit score must be 650.
    • Employment Type: Both salaried and self-employed.
  • Loan Tenure: Up to 30 years.
  • Loan Amount: 8 – 50 Lakhs
  • Interest Rate: 8.90% – 9.00%
  • Processing Fees: 1% of the loan amount

Gen-Next Home Loan 

The PNB Gen-Next Home Loan is a home loan plan with flexible repayment options for you to be one step closer to purchasing your residential property.

  • Applicant Type: Salaried and self-employed individuals.
  • Eligibility:
    • Age: 21 – 40 years
    • CIBIL Score: A good credit score of 650 or above.
    • Employment Type: Salaried and self-employed individuals.
  • Loan Tenure: Up to 30 years.
  • Loan Amount: 8 – 50 Lakhs
  • Interest Rate: 8.60% – 9.20%
  • Processing Fees: 1% of the loan amount.

Women’s Home Loan

To promote and support women in their journey towards homeownership, this loan by PNB boasts enticing interest rates, reduced processing fees, and additional benefits. 
Read: Everything You Need to Know Before Buying Gaothan Properties in Mumbai & Maharashtra

  • Applicant Type: Women Burrowers 
  • Eligibility: 
    • Age: 21 – 65 years
    • CIBIL Score: Minimum 650
    • Employment Type: Both salaried and self-employed women.
  • Loan Tenure: Up to 30 years.
  • Loan Amount: 8 – 50 Lakhs
  • Interest Rate: 8.60% – 9.20%
  • Processing Fees: 1% of the loan amount

Defence Personnel Home Loan

PNB aims to provide the best housing loans for defence personnel at competitive interest rates and added benefits.

  • Applicant Type: Must be a serving or retired defence personnel. 
  • Eligibility: 
    • Service: minimum of 10 years of service remaining, if serving or a minimum of 2 years of service, if retired.
    • CIBIL Score: 650
    • Employment Type: Serving or retired defence personnel.
  • Loan Tenure: Up to 30 years.
  • Loan Amount: 8 – 50 Lakhs
  • Interest Rate: 8.60% – 9.20%
  • Processing Fees: 1% of the loan amount

Senior Citizen Home Loan

This scheme is specifically tailored for senior citizens who aspire to buy a home and prioritises affordability and ease of repayment for senior borrowers.

  • Applicant Type: Senior citizen 
  • Eligibility: 
    • Age: 60 – 75 years
    • CIBIL Score: Minimum 650
    • Income: The applicant’s monthly income should be at least Rs. 15,000. 
  • Loan Tenure: Up to 30 years.
  • Loan Amount: Maximum 100 Lakhs
  • Interest Rate: 8.60% – 9.20%
  • Processing Fees: 1% of the loan amount.

PNB Home Loan Interest Rates for Women

PNB provides special benefits to women applicants for home loans, including reduced interest rates and concessions on processing fees to improve affordability.

CIBIL Score Interest Rate
750 and above 9.80% p.a.
700 – 749 10.25% p.a.
650 – 699 10.60% p.a.
Below 650 11.25% p.a.

Kindly note that the mentioned interest rates are indicative and may be subject to change. However, women applicants can still leverage these benefits to obtain a home loan with advantageous interest rates.
Read: LIG Flats Up for Taking: Learn About Affordable Housing Schemes in India

PNB Home Loan Interest Rates for Self-Employed

PNB offers competitive interest rates to self-employed individuals, which are determined based on their credit scores.

CIBIL Score Interest Rate Range
750 and above 9.80%
700 – 749 10.25%
Below 700 10.60%

PNB Home Loan Interest Rates for Salaried

Salaried individuals can avail themselves of PNB’s appealing interest rates, which are determined based on their credit scores. 

CIBIL Score Interest Rate Range
750 and above 8.80%
700 – 749 9.25%
Below 700 9.60%

PNB Home Loan Interest Rates for NRI

PNB provides competitive interest rates for home loans catering to NRIs. 

Eligibility Non-Resident Indians (NRIs) and Persons of Indian origin (PIO)
Loan Tenure Up to 30 years
Loan Amount 50 Lakhs
Interest Rate Range 9.10% – 10.15%
Processing Fees 1% of the loan amount.

Unique Features and Benefits of PNB Home Loan

  • Attractive interest rates: PNB Home Loan offers competitive interest rates linked to MCLR, which are periodically reviewed and may change. This helps you save money on monthly EMIs.
  • Long repayment tenure: PNB Home Loan’s extended repayment tenure reduces monthly EMIs, as longer repayment periods lower the EMI amount. However, it’s important to consider that a longer tenure accrues higher overall interest payments.
  • Relaxed documentation: PNB Home Loan eases the application process with relaxed documentation requirements. Basic documents like PAN card, passport, and salary slips are necessary, while collateral or third-party guarantee are not.
  • Benefits for Women Applicants: PNB offers women applicants special benefits such as discounted interest rates and processing fee concessions. These advantages aim to improve the affordability and accessibility of homeownership for women, enabling them to achieve their dream of owning a home.
  • Curated Loan Options for Self-Employed Applicants: PNB acknowledges the specific financial needs of self-employed individuals and provides specialised home loan options tailored to meet their requirements. These customised loan options cater to the unique circumstances and preferences of self-employed individuals, ensuring they have access to suitable financing solutions.

How to Apply for a Home Loan at PNB

PNB offers a hassle-free application process, whether you choose to apply online through their website or visit a nearby branch. By following a few important steps, you can submit your application, provide the necessary documents, and await PNB’s approval. Once approved, you can proceed with the loan agreement process and receive the sanctioned loan amount, bringing you closer to turning your homeownership dreams into a reality.
Read: Plot Loans vs Home Loans: A Comprehensive Comparison

  1. Visit PNB Home Loans Website or Branch: Log on to the PNB home loans website or visit a nearby PNB branch.
  2. Fill Out Application Form: Complete the online application form by providing your personal information, financial details, and relevant information about the property you intend to purchase or use as collateral.
  3. Submit Required Documents: To proceed with your loan application, gather and submit the required documents, including identity proof, address proof, income proof, and relevant property documents. Ensure that all necessary documentation is provided accurately and promptly to facilitate the loan processing and verification procedures.
  4. Await Approval and Verification: After submitting your application, PNB will thoroughly review it. They willassess your eligibility based on the information provided and conduct necessary verification checks. This review process is crucial to ensure accuracy and compliance with their lending criteria.
  5. Complete Loan Agreement Process: Once your application is approved, you will need to finalise the loan agreement by signing the necessary documents and fulfilling payment of any required fees. This step is essential to complete the loan process and proceed with the disbursement of funds.
  6. Receive Sanctioned Loan Amount: Upon the successful completion of the loan agreement process, you will receive the approved loan amount as per the terms and conditions.
  7. Disbursement of Funds: The loan funds will be disbursed per the mutually agreed-upon terms and conditions.

PNB Home Loan Eligibility

To be eligible for a PNB Home Loan, applicants must meet certain criteria:

  • Income Criteria: To qualify for a loan, applicants must have a consistent and reliable income that demonstrates their ability to repay. PNB sets a specific income threshold for different loan amounts and locations, typically starting at a minimum of Rs. 15,000.
  • Credit Score: The borrower’s credit score holds significance as it reflects their creditworthiness. PNB takes into account the applicant’s credit score when evaluating their eligibility for a home loan.
  • Age Criteria: PNB establishes both a minimum and maximum age limit for home loan applicants. Generally, the minimum age requirement is 18 years, while the maximum age limit depends on the chosen loan tenure.
  • Employment Type: PNB evaluates the stability and repayment capacity of applicants by considering their employment type, distinguishing between salaried and self-employed individuals. This assessment helps PNB assess the applicant’s financial stability and their ability to fulfil loan repayment obligations.
  • Loan Amount Eligibility: The eligibility of the loan amount for an applicant is influenced by various factors, including the value of the property being financed and the borrower’s repayment capacity. These factors are considered to determine the maximum loan amount that the applicant qualifies for.

Documents Required for PNB Home Loan

Applicants need to submit the following documents when applying for a PNB Home Loan:

  • Proof-of-Identity: Valid documents like an Aadhaar card, PAN card, passport, or voter ID are necessary to establish the applicant’s identity.
  • Proof-of-Address: Documents like an Aadhaar card, utility bills, or rental agreement are needed to verify the applicant’s residential address.
  • Proof-of-Age: Documents like a birth certificate, school leaving certificate, or any other valid document that confirms the applicant’s age are required.
  • Income-Proof: PNB mandates income proof to evaluate the applicant’s repayment capacity. This may include salary slips, income tax returns, bank statements, or other relevant documents.
  • Property-related Documents: Documents pertaining to the property being financed, such as the agreement, title deed, NOC from the builder, and property valuation reports, are necessary for verification purposes.

PNB Home Loan EMI Calculator – How to Calculate PNB Home Loan EMI?

To calculate your PNB home loan EMI, use the following formula:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]


  • P = Loan amount
  • R = Interest rate per month
  • N = Loan tenure in months

PNB Home Loan Interest Rates for the Last 10 Years:

Year Interest Rate Range
2013 9.25% – 9.75%
2014 9.00% – 9.50%
2015 8.75% – 9.25%
2016 8.50% – 9.00%
2017 8.25% – 8.75%
2018 8.00% – 8.50%
2019 8.00% – 8.50%
2020 7.75% – 8.25%
2021 7.50% – 8.00%
2022 7.25% – 7.75%

PNB Home Loan Interest Rate Compared to Other Banks | 2023

Bank/ NBFC Name Interest Rate
Axis Bank 8.85% – 14.00%
Aditya Birla Capital Home Loan 9% – 12.50%
Bandhan Bank 8.65% – 13.65%
Bank of Baroda 8.50% – 10.60%
Bank of India 7.80% – 9.65%
Bank of Maharashtra 8.40% – 10.80%
Canara Bank 8.85%- 11.25%
Central Bank of India 8.45% – 9.20%
Citibank 8.45%
Corporation Bank 8.60% – 11.20%
Dena Bank 8.40%
Federal Bank 10.15% – 10.30%
Fullerton Bank 9.50%
HDFC Bank 8.95% – 9.85%
HSBC 8.60%
ICICI Bank 9.00% – 10.05%
IDBI Bank 8.75% – 11.45%
IDFC First Bank 8.85%
Indian Overseas Bank Home Loan 9.55%
Indiabulls Housing Finance 8.75%
Jammu and Kashmir Bank 8%
Karnataka Bank 9.08% – 10.38%
Karur Vysya Bank 9.23% – 12.13%
Kotak Mahindra Bank 8.85% – 9.40%
LIC HFL 8.70%
PNB HFL 8.50% – 10.85%
Reliance Home Finance 9.35% – 13%
State Bank of India 8.25% – 9.65%
Sundaram Home Finance Ltd Home Loan 6.95% – 8.30%
Tata Capital 8.95%
Union Bank of India 8.75%
YES Bank 9.15% – 11.25%

Factors that Affect PNB Home-Loan Interest Rate

  • CIBIL score: Your CIBIL score is a measure of your creditworthiness. A higher CIBIL score indicates that you are a good borrower and are less likely to default on your loan. As a result, you will be offered a lower interest rate.
  • Loan amount: The loan amount is the total amount of money that you are borrowing. The larger the loan amount, the higher the interest rate will be.
  • Loan tenure: The loan tenure is the period of time over which you will repay the loan. The longer the loan tenure, the higher the interest rate will be.
  • Property type: The type of property that you are buying can also affect the interest rate. For example, a loan for a residential property will have a lower interest rate than a loan for a commercial property.
  • Lender’s risk appetite: If the lender perceives the loan as being riskier, they will charge a higher interest rate.
  • Market conditions: The current market conditions can also affect the interest rate on a PNB home loan.

Tips for Lower-Interest PNB Home Loans

  • A good credit score: Ensure timely payment of bills and keep your credit utilisation ratio low to maintain a favourable credit score.
  • Opt for shorter tenures: Selecting a shorter loan tenure can potentially lead to lower interest rates.
  • Compare schemes and interest rates: Conduct thorough research and compare the various home loan schemes and interest rates offered by PNB to identify the most suitable option.
  • Making a higher down payment: Making a higher down payment reduces the loan amount, resulting in a lower interest burden.
  • Accurate documentation: Ensure that all required documents are precise and complete to avoid delays and increase the likelihood of securing a lower interest rate.
  • Build a relationship with the bank: Establishing a positive relationship with the bank, such as maintaining accounts or investments, may aid in negotiating better interest rates.

PNB offers competitive home loan interest rates starting from 8.60% p.a. They provide attractive schemes designed for women, self-employed individuals, salaried employees, and NRIs, catering to a wide range of customer needs. 

Whether you’re looking to buy a new home or transfer your existing loan, PNB offers flexible solutions. Take advantage of the current low PNB home loan interest rates and submit your application today. For more information, please visit NoBroker Home Loan Services.


1. What is the current PNB home loan interest rate for 2023?

The current PNB home loan interest rate for 2023 starts from 8.60% p.a. and may vary based on the scheme and the applicant’s profile.

2. Does PNB offer fixed or floating interest rates for home loans?

PNB offers both fixed and floating interest rate options for home loans, allowing borrowers to choose the option that suits their needs.

3. Can I get a PNB home loan if I work in the government sector?

Yes, PNB offers home loans to government employees at attractive interest rates. They have specific schemes tailored to meet the unique needs of government employees, making homeownership more accessible and affordable.

4. Does PNB offer a top-up loan facility for existing home loan borrowers?

Yes, PNB provides a top-up loan facility to existing home loan borrowers who have a good repayment track record. This enables borrowers to access additional funds for various purposes, such as renovation or meeting other financial needs.

5. What are the features and benefits of PNB’s home loan balance transfer option?

PNB’s home loan balance transfer option allows borrowers to transfer their existing home loan from another bank to PNB at attractive interest rates. Benefits include potential savings on interest costs, improved customer service, and additional features and benefits offered by PNB.

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