PNB Housing Finance Limited provides a wide range of loan products. Home loans are offered for the purchase of property, construction, extension and improvement of the house.

The PNB Housing Finance comes with the following home loan products that suit your specific requirements.

Home Purchase Loan: Home purchase loan is meant for the purchase, construction and extension of existing property.

Home Construction Loan: PNB Housing Finance Limited offers home loans for customers who already have their own land and need funds for financing the construction of their home on their land.

Home Extension Loan: PNB Housing Finance Limited offers Home Extension Loans for adding more space to your existing home as per your requirements.

  • Home Improvement Loan: Home Improvement Loan covers:-
    • Renovation of already owned residential property
    • Upgradation of your existing home
    • External and internal repairs of your home
    • Water-proofing and roofing
    • Tiling and flooring
    • Painting, plumbing and electrical work
    • False ceiling and woodwork (fixed to the building)

Residential Plot Loan: PNB Housing provides loan for the purchase of residential plot in an urban area for the construction of a house.

Home Loan for NRIs: PNB Housing offers a variety of home loan products to NRIs (Non Resident Indians) and PIOs (Person of Indian Origin) for purchase, construction, extension and improvement of a residential property in India.

What is is India's foremost online financial marketplace for availing loans and investments. Our main objective is to make the process of getting a loan or making an investment safer, convenient and hassle-free for individuals. We work with public and private banks, NBFCs and mutual fund houses across the entire country and offer an unbiased quotation on financial products. You can contact our team to get more information or apply for a loan or investment by calling on +918795021552 or by emailing at provides solutions which are quick, reliable, transparent, confidential and above all free.

Features & Benefits

Features & Benefits of PNB Housing Home Loan

  • Custom-made loans for a variety of reasons – purchase, construction, renovation and extensionof the residential property
  • Pan India branch network
  • Best-in-class service delivery model – doorstep services ensuring simplified and quick approvaldisbursal of loans
  • Excellent post disbursement services
  • Top-up loan facility in the event of increase in cost
  • High standards of ethics, integrity and openness
  • Convenient and various repayment options


PNB Housing Home Loan Eligibility

  • The borrower must be 21-year old when the loan is sanctioned
  • The entire loan must be repaid before the applicant’s age exceeds 70 years
  • The co-applicant must be at least 18-year old
  • If the applicant is an NRI, the applicant should be an Indian citizen or a Person of Indian Origin(PIO), should be working for at least one year in a foreign country before applying for a homeloan in India

Document Required

Documents required for PNB Housing Home Loan

Some key documents like proof of identity, address and income are required to be submitted while applying for PNB Housing Home Loan.

  • Documents required for salaried employees
    • Filled up loan application form with passport size photos
    • Age proof: PAN Card, Passport, School Certificate, Birth Certificate etc.
    • Residential address proof: Passport, Ration Card, Voter ID Card, Electricity Bill, Telephone Billetc.
    • Education qualification: latest certificate/degree
    • Latest salary slips for 3 months
    • Form 16 for last 2 years
    • 6 months bank statement showing salary credited
    • Processing fee cheque in favour of ‘PNB Housing Finance Ltd.
    • Photocopy of approved plan, allotment letter
      • Documents required for self-employed professional/non-professional
        • Filled up loan application form with passport size photos
        • Age proof: PAN Card, Passport, School Certificate, Birth Certificate etc.
        • Residential address proof: Passport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority
        • Education qualification: latest degree (for professionals)
        • Certificate & proof of business existence along with business profile
        • VAT/ Service Tax registration, business address proof, profit & loss account balance sheetcertified/ audited by CA
        • Last 1-year bank statements (self & business)
        • Processing fee cheque in favour of ‘PNB Housing Finance Ltd.
        • Photocopy of approved plan, allotment letter
      • Documents required for NRI Home Loan
        • Filled up loan application form with passport size photos
        • Age proof: PAN Card, Passport, School Certificate carrying date of birth, Birth Certificate etc.
        • Residential address proof: Passport, Driving License, Telephone Bill, Ration Card, Voter Card,Aadhar Card etc.
        • Copy of Passport/ PIO Card
        • Copy of Work Permit if applicable
        • Appointment letter of current employer, latest three salary slips, last two years’ income statement
        • Processing fee cheque in favour of ‘PNB Housing Finance Ltd.
        • Photocopy of approved plan, allotment letter

        All documents should be self-attested

Interest Rates

PNB Housing Home Loan Interest Rate

PNB Housing Finance Interest rates are linked to the benchmark PNBHFR of 8.50% to 9.25% per year.

Floating Rate
Home Loan SchemeInterest Rate - 1 year MCLR basis
Upto 75 lacsAvobe 75 lacs
Women*MCLR + 0.20%MCLR + 0.25%
OthersMCLR + 0.25%MCLR + 0.30%
PNB Pride*MCLR + 0.20%MCLR + 0.25%
OD HLMCLR + 1.40%
Fixed Rate
Home Loan SchemeInterest Rate - 1-year MCLR basis
Fixed Rate – GeneralFloating +0.50%
Fixed Rate - PNB Pride0.50% + Floating (PNB Pride)

*Women should be the sole applicant or one of the co-applicants for the Home Loan and also the sole owner or one of the co-owners of the property proposed to be financed by the bank.

**PNB Pride is for Central/State Government Employee/Defence Personnel & Para Military Forces

Note: Rates of interest are subject to change at the sole discretion of PNB Housing.

Processing fee and charges

  • Account statement - Rs.200 + applicable taxes.
  • Change of repayment mode - Rs. 500 + applicable taxes.
  • Full or part prepayment of the loan amount (floating ROI) - 2% of the principal prepaid + applicable taxes.
  • Full or part prepayment of the loan amount (fixed ROI) - 3% of the principal prepaid + applicable taxes.
  • Statement for loan pre-closure - Rs. 500 + applicable taxes.
  • Return of Cheque/NACH mandate form - Rs. 500 + applicable taxes.
  • CERSAI fees - Rs. 500 + applicable taxes.

Pradhan Mantri Awas Yojana (PMAY)

PNB Housing Finance has come up with Credit Linked Subsidy Scheme (CLSS) for Economical Weaker Section (EWS), Lower Income Group (LIG), Middle Income Group (MIG) categories in compliance with Pradhan MantriAwasYojana (PMAY) announced by honorable Prime Minister of India with a mission of home for all by 2022.

Families/individuals are eligible to avail interest subsidy for the purchase, construction, extension and improvement of the housing property under PMAY scheme.

Features & Benefits of PMAY Scheme

  • Interest subsidy will be availed for maximum 20 years
  • Applicable only on first property purchase
  • Only immediate family members including self, spouse and unmarried children can stand to benefit from this scheme
  • Women ownership is mandatory under EWS & LIG category for purchase of a new house
  • TheAadhaar numbers are mandatory for MIG categories
  • No prepayment or foreclosure charges on home loan
  • Home loan upto 90% of the entire value of the residential property

Eligibility for PMAY Scheme

  • The applicant should be more than 18-year old
  • Annual combined income of all applicants: Rs. 6 lacs for EWS & LIG category, Rs. 6.01 Lac to Rs. 12 Lac for MIG1 and Rs. 12.01 Lac to 18 Lac for MIG2
  • The beneficiary must not have availed any central assistance under Housing for Everyone by 2022
  • The applicants should not have a pucca house in his/her name in any part of the country
  • Home loan for renovation will be used to transform kuccha house to pucca house

Interest subsidy benefits under Pradhan MantriAwasYojna

Household Income(Rs)0 -3,00,0003,00,000 – 6,00,000

6,00,000 – 12,00,000

12,00,000 – 18,00,000
Max Carpet Area (sqm)30 sqm60 sqm120 sqm150 sqm
Purpose of LoanHome purchase/ construction/ renovationHome purchase/ construction/ renovationHome purchase/ construction/ renovationHome purchase/ construction/ renovation
Amount eligible for subsidyupto (Rs)6, 00,0006,00,0009,00,00012,00,000
Maximum subsidy (Rs)2.67 lac2.67 lac2.35 lac2.30 lac
Interest subsidy6.50%6.50%4.00%3.00%
Tenure20 yrs20 yrs20 yrs20 yrs

Note: The NPV (Net Present Value) of the subsidy is calculated at a discounted rate of 9%

Documents required for PMAY Scheme

  • KYC Documents including Aadhar and PAN card of applicants
  • Education qualifications – degree/certificate
  • Self-declaration form for family income
  • Form 16 for last 2 years or last 3 years ITR (self or business) with profit &loss account and balance sheet audited by CA
  • 6 months bank statement showing salary credited
  • Processing fee cheque in favour of ‘PNB Housing Finance Ltd.’
  • Photocopy of approved plan, allotment letter

Why should you apply for a home loan from PNB Housing through Afinoz? is one of India's leading personalized financial marketplaces. We have created a housing loan platform which lets you choose the best business loan that meets your requirements from the multiple options that are available to you.

  • Quick counseling& support – Once you fill Contact details form at our website, an expert will connect with you and provide free Counseling andadvisory servicesfor acquiring a property to disbursal of your home loan
  • Real-time application tracking–Keep track of your application’s status in real-time with a unique transaction id which is generated at the time of loan application submission on our website. We ensure that all the applicants are kept informed about their application process at each step via SMS and emails.
  • Online eligibility check - Do all your dealings with the bank online. You have to provide your basic information and our online home loan eligibility calculator will let you know the amount of loan you are eligible to borrow from PNB housing for financing your dream house.
  • Secure Environment - has built-in security for your personal information which is stored in a secure environment on our system with your consent.This information is then sent to the bank in an encrypted format digitally and is very secured and scripted.
  • 24/7 Customer Service - At any stage of the process if you have any query or seek any financial advice, our experienced and well-trained customer service team will offer the best financing/investment solutions to your problems. So there's no need for you to waste time and make multiple trips to any bank, NBFC or financial institution to discuss the various terms and conditions.
  • No third-party agent online loan application process is free of any unwanted expenses and delays. One can approach a bank online directly through Afinoz without approaching any agent.

Free quotations – Get the best online deals on PNB housing home loans and free unbiased quotes on home loan interest rates. All you have to do is to select the loan amount you want to borrow and the tenure you want it for. You will get a targeted online quote within minutes of application.


Query- Who can apply for an Education Loan from avanse?

Reply- The applicant can apply for an Avanse Education Loan if he/she is:

  • An Indian Citizen
  • Student above Secondary School Certificate
  • Applicant must have confirmed admission at the institution before final disbursement of the loan.
  • Other factors considered in the assessment are good academic record, recognition granted to the institution (rating) the student has opted for to pursue his higher education in and regular source of income of the parents.

Query- When can the applicant apply for an education loan from Avanse?

Reply-The applicant can apply anytime for an Avanse Education loan; the disbursement of the loan, however is done once Avanse receives the admission confirmation from the Institute for the course he/she wishes to pursue. Avanse also offers Pre-Admission Loans in case the student has applied or is awaiting confirmation of admission from the university.

Query-What do you mean by the Avanse pre-approved education loan? What is the benefit of taking one?

Reply- Avanse offers a Pre-approved Education Loan, based on the credit worthiness of the applicant/s (parents/ guardian/co-borrower/borrower). A student can use this to present as proof of funds while applying for admissions to different universities/institutes. In fact, with an Avanse Pre-approved Education Loan, an applicant can strengthen his/her case for admission, including the choice of course. It, therefore, makes sense to get a Pre-approval NOW, for a need that may occur later.

Query-How soon must the applicant apply for loan to ensure that he or she gets the fees paid on time during his/heradmission?

Reply-An Applicant should ideally start early. They should start the loan application process as soon as they know what college/institute/university they plan to attend the cost of the course/course fees for the current academic year and, if possible, provide proof of enrolment/admission confirmation. The applicant should allow himself 6 to 8 weeks from the time of the initial application until their school receives the funds.

Query-Can the applicant transfers his/her existing student loan to Avanse?

Reply-Yes, Avanse offers balance transfer facilities at competitive pricing.

Query- If the loan request has been rejected by Avanse once, can the applicant apply again?

Reply-Yes, the applicant can apply for an Avanse education loan once again. However, it is important that he/she fulfills all the documentation and compliance requirements before re-applying.

Query- If the applicant does not have a consistent record of first class in academics but has secured an admission with a reputed institute, will Avanse give him/her an education loan?

Reply-Yes, a good academic record is preferred as it shows the student’s level of commitment to his/her curriculum and career, thus giving us the confidence to finance his/her career aspirations. However, this is not the only parameter used to evaluate the loan eligibility.

Query-Does Avanse fund for admission acquired through payment seats?

Reply-Yes, Avanse finances courses for admissions secured through payment seats/ management quotas.

Query-Does Avanse Education loan fund part-time, correspondence or online program?

Reply-Avanse focuses on enabling your future and hence they do fund aspirants pursuing higher education through part-time, correspondence or online programs. However, Avanse must recognize the course as per norms prescribed and regulated by the management at Avanse Education Loans.

Query-What are the costs covered by an Avanse Education Loan?

Reply-An Avanse education loan provides the maximum loan amount i.e. 100% of the cost of education. It covers the following expenses that arise in your higher education commitments:

  • 100 % Tuition Fees as determined by the institute/university.
  • Living expenses including books, computer, and project expenses, up to 75% of the total living cost. (Not exceeding 20% of the total tuition fees payable for the complete course).
  • Traveling expenses up to Rs 75,000 for students traveling abroad.
  • Insurance premium (In cases where the student takes insurance from Avanse preferred insurance provider).
  • Caution deposit, building fund supported by Institution bills/receipts (not exceeding 10% of total tuition fees).

Query-What does margin amount mean and how much is it at Avanse?

Reply-Margin amount is the amount that the applicant pays through his own source as a down payment or his own contribution towards the education. However, Avanse does not ask for margin money as their loans are designed to provide 100% funding of the cost of education.

Query-What is a holiday/moratorium period?

Reply-Holiday period or moratorium is the tenure, which commences from the disbursal of the loan to the time the borrower makes his/her first Equated Monthly Installment (EMI) payment. The repayment does not start during this period. A holiday period is a maximum time a student gets before he/she can start paying back the principal loan in the form of EMIs