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Home > Home Loan > Punjab National Bank Housing Finance Home Loan > PNB Housing Finance Home Construction Loan | Check Interest Rates, EMI, Eligibility, Processing Fees, and Documents Required

PNB Housing Finance Home Construction Loan | Check Interest Rates, EMI, Eligibility, Processing Fees, and Documents Required

April 28, 2025
Table of Contents

Building a home piece by piece is exciting until the bills arrive brick by brick. Cash flow rarely follows the neat schedule you planned; masons may need payments weeks before your next milestone bonus hits the bank.

A Home Construction Loan from PNB Housing Finance provides headroom precisely for these in-between moments. Funds are disbursed in phases—foundation, superstructure, finishing—only when you need them, which keeps carrying costs sensible. It’s a quiet safety net that allows you to upgrade where it matters (better wiring, stronger waterproofing) without resorting to high-interest stopgap options or stalling the build.


PNB Housing Finance Home Construction Loan Highlights

CategoryHighlights
Interest Rates8.50% p.a. onwards
Maximum Tenure30 Years
Maximum Loan AmountContact the Bank
Processing Fees1% of the Loan Amount + GST

PNB Housing Finance Home Construction Loan Interest Rates 2025

PNB adjusts home loan interest rates based on whether you’re salaried, self-employed, or have a professional practice. Below is a quick look at how your employment type can influence your rate.

PNB Housing Finance Home Construction Loan Interest Rates for Salaried Employees

Credit ScoreHome Loan Below 35 Lakhs (p.a.)Home Loan Above 35 Lakhs (p.a.)
>= 8258.5% to 9%8.5% to 9%
> 800 to 8258.8% to 9.3%8.8% to 9.3%
> 775 to 7999.1% to 9.6%9.2% to 9.7%
> 750 to <= 7759.25% to 9.75%9.35% to 9.85%
> 725 to <= 7509.55% to 10.05%9.7% to 10.2%
> 700 to <= 7259.85% to 10.35%10.05% to 10.55%
> 650 to <= 70010.25% to 10.75%10.45% to 10.95%
upto 65010.25% to 10.75%10.45% to 10.95%
NTC Cibil >=17010.25% to 10.75%10.45% to 10.95%
NTC Cibil <17010.15% to 10.65%10.35% to 10.85%

PNB Housing Finance Home Construction Loan Interest Rates for Self Employed Individuals

Credit ScoreHome Loan Below 35 Lakhs (p.a.)Home Loan Above 35 Lakhs (p.a.)
>= 8258.8% to 9.3%8.8% to 9.3%
> 800 to 8258.95% to 9.45%8.95% to 9.45%
> 775 to 7999.65% to 10.15%9.8% to 10.3%
> 750 to <= 7759.8% to 10.3%10.15% to 10.65%
> 725 to <= 75010.25% to 10.75%10.3% to 10.8%
> 700 to <= 72510.55% to 11.05%10.75% to 11.25%
> 650 to <= 70010.75% to 11.25%10.95% to 11.45%
upto 65010.75% to 11.25%10.95% to 11.45%
NTC Cibil >=17010.65% to 11.15%10.85% to 11.35%
NTC Cibil <17010.55% to 11.05%10.75% to 11.25%

Suggested Read: Fixed vs. Floating Interest Rates


PNB Housing Finance Home Construction Loan Eligibility Criteria

Before applying for a home construction loan, it’s essential to understand the eligibility criteria. Here’s the essential eligibility checklist set by Punjab National Bank:

Eligibility CriteriaDetails
CitizenshipIndian
Work ExperienceMinimum 3 years for salaried applicants
Minimum 5 years business continuity for self-employed
Minimum CIBIL Score650

PNB Housing Finance Home Construction Loan Processing Fees

CategoryCharges
Processing Fees1% + GST

PNB Housing Finance Home Construction Loan Other Charges

PNB applies various fees and charges on its home loans. Besides processing fees, borrowers may also have to pay administrative costs, legal fees, and prepayment charges.

Charge TypeAmount
Legal Fee/ Legal Recovery ChargesAs Per Actuals
Prepayment on Floating Rate (Part/Full)a. Individual Property: NIL
b. Non-Individual Identity: 2% of the Principal Amount Paid + GST
Prepayment on Fixed Rate (Part/Full)a. Paid through Own Sources: NIL
b. Payment made by Third Party: 3% of the Principal Amount Paid + GST
c. Non-Individual Identity: 3% of the Principal Amount Paid + GST
Cheque/NACH Mandate Form Return (Bounce)a. 1st Bouce: ₹750 + GST
b. 2nd Bouce: ₹1000 + GST
Overdue Charges24% p.a on Unpaid EMI for Delayed Period
Statement of AccountFree from web/mobile portal
₹500/- + GST for branch request
Repayment Schedule FeeFree from web portal
₹500/- + GST for branch request
Copy of Property Documents₹500/- + GST (E-mail)
₹1000/- + GST (Printed copies, max 50 pages)
Swap of Repayment InstructionsFree (NACH mode)
₹750/- + GST (Physical mode)
Loan Preclosure Statement₹750 + GST
ROI Change (Fixed to Floating)3% of POS + GST
Fee for EMI Payment in Cash/Single Cheque₹1000/- + GST
Custody Charges for Property Documents₹1000/- + GST p.m. after loan closure
CERSAI Fees₹100/- + GST (Loans after Jan 31, 2016)
MDT/Registration of Charge₹500/- + GST
Non Submission of Documents Related to Loan
Condition/Security
₹1,000 per month

Suggested Read: PNB Housing Finance PMAY 2.0 Scheme


PNB Housing Finance Home Construction Loan Documents Required

When applying for a Plot Loan from PNB Housing Finance, it is essential to provide the necessary documentation to ensure a smooth and efficient loan processing experience. The documents required may vary depending on whether you are a salaried employee or a self-employed individual.

General Identity Documents

CategoryDocuments Required
Age ProofPAN Card, Passport, or Any other Certificate from Statutory Authority
Residence ProofPassport, Driving License, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority

Income Proof Documents

Salaried EmployeesSelf Employed
Latest Salary Slips for 3 monthsCertificate & Proof of business existence along with Business Profile
Form 16 for last 2 yearsLast 3 years Income Tax returns (self and business) with Profit & Loss Account
Last 6 months Bank Statements (salary account)Balance Sheets duly certified/audited by a Chartered Accountant
Last 12 months Bank Account Statements (self & business)

Construction Documents

Documents Required
Approved Plan

Suggested Read: Plot vs. Flat vs. Bunglow


How to Apply to PNB Housing Finance Home Construction Loan?

  1. Visit the PNB Housing Finance official website.

  2. Navigate to the “Loans Products” tab. From the dropdown menu, select “Home Construction Loan” to begin your application.

  3. Scroll down to find the “Apply Now” button.

  4. Fill in your personal details, including your PAN ID, mobile number, and email address to create an account.

  5. After registration, you will be redirected to an online application form. Complete all the required fields, including details about your property, income, and employment.

  6. Submit the necessary documents such as identity proof, address proof, income proof, and property documents, as requested by PNB Housing Finance.

  7. Review all the entered information and documents. Once everything is correct, click on the “Submit” button to send your application.

  8. Upon successful submission, you will receive an application reference number for tracking your home loan application.

Suggested Read: PNB Housing Finance Home Loan Interest Rates 2025


Compare Top Banks Home Loan Interest Rates

BankUp to Rs. 30 LakhAbove Rs. 30 Lakh to Rs. 75 LakhAbove Rs. 75 Lakh
SBI Bank8.50% p.a. onwards8.5% p.a. onwards8.50% p.a. onwards
HDFC Bank8.75% p.a. onwards8.75% p.a. onwards8.75% p.a. onwards
LIC Bank8.50% – 10.35% p.a.8.50% – 10.55% p.a.8.50% – 10.75% p.a.
ICICI Bank8.75% p.a. onwards8.75% p.a. onwards8.75% p.a. onwards
Kotak Mahindra Bank8.75% p.a. onwards8.75% p.a. onwards8.75% p.a. onwards
Punjab National Bank8.50% – 11.05% p.a.8.50% – 11.05% p.a.8.50% – 11.05% p.a.
Bank Of Baroda8.40% – 10.65% p.a.8.40% – 10.65% p.a.8.40% – 10.90% p.a.
Bajaj Housing Finance8.50% p.a. onwards8.50% p.a. onwards8.50% p.a. onwards
Axis Bank8.75%-10.30% p.a.8.75%-10.30% p.a.8.75%-10.30% p.a.
Bank of India8.40% p.a onwards8.40% p.a onwards8.40% p.a onwards
TATA Capital8.75% p.a. onwards8.75% p.a. onwards8.75% p.a. onwards
The interest rates, maximum tenures, and other charges are subject to change, and it’s advisable to check with our experts for the most current information.

Conclusion

Land often appreciates over time, which means a plot + construction loan through PNB Housing Finance plot loan can be a prudent long-term investment. At Credit Dharma, we make this possible by offering lowest guaranteed Loan Against Property interest rates that keep your monthly payments manageable, allowing you to enjoy more of what truly matters.

But that is not it. We offer:

  • Guaranteed up to 100% funding
  • Receive lifetime assistance and expert guidance long after your loan is approved.
  • Enjoy a fully digital process with minimal paperwork 
  • Get your loan approved within just 1-2 weeks.

Frequently Asked Questions

What is a PNB Home Construction Loan?

A PNB Home Construction Loan is a financial product offered by Punjab National Bank (PNB) to individuals seeking funds for constructing a residential property on a plot of land.

What is the maximum loan amount available for home construction?​

The loan amount is need-based, determined by the project’s cost and the borrower’s repaying capacity.

What is the margin (borrower’s contribution) required for the loan?​

Margin requirements vary based on the loan amount:
– Up to ₹30 lakh: 15%​
– Above ₹30 lakh to ₹75 lakh: 20%
– Above ₹75 lakh: 25%

What is the tenure for repaying the home construction loan?

The loan can be repaid over a maximum tenure of 30 years or up to the borrower’s age of 70 years, whichever is later.

​What security is required for the loan?

The loan is secured by an equitable or registered lien on the property being financed.

Are there any processing fees or charges for the loan?

Yes, processing fees and documentation charges apply. For detailed information, refer to PNB’s official website or contact the nearest branch.

​Can I prepay my home construction loan without penalties?

PNB allows prepayment of home loans. It’s advisable to check the specific terms and any associated charges with the bank.

How can I apply for a PNB Home Construction Loan?

Applications can be submitted online through PNB’s official website or by visiting the nearest PNB branch with the required documents.

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