Looking to expand your existing home? The PNB Home Extension Loan is designed to help you finance home additions like extra rooms or floors with ease. In this blog, we’ll cover interest rates, EMI options, eligibility criteria, processing fees, and the documents required to get started.
PNB Home Extension Loan Highlights
| Category | Highlights |
|---|---|
| Interest Rate | Starts from 8.50% p.a. |
| Loan Amount | Up to 90% of the property value |
| Loan Tenure | Maximum up to 30 years |
| Processing Charges | 1% of loan amount (min ₹10,000) + GST |
Check Out: PNB Home Loan
PNB Home Extension Loan Interest Rates 2025
PNB Housing Finance offers Home Extension Loans with interest rates that vary based on the applicant’s credit score and employment status. As of 2025, the rates are as follows:
| Credit Score | Salaried Individuals | Self-Employed Professionals |
|---|---|---|
| ≥825 | 8.50% – 9.00% | 8.80% – 9.30% |
| 800 – 824 | 8.50% – 9.00% | 8.90% – 9.40% |
| 775 – 799 | 9.10% – 9.60% | 9.65% – 10.15% |
| 750 – 774 | 9.25% – 9.75% | 9.80% – 10.30% |
| 725 – 749 | 9.55% – 10.05% | 10.25% – 10.75% |
| 700 – 724 | 9.85% – 10.35% | 10.55% – 11.05% |
| 650 – 699 | 10.25% – 10.75% | 10.75% – 11.25% |
| <650 | 10.25% – 10.75% | 10.75% – 11.25% |
Note: Interest rates may vary based on loan amount, tenure, and eligibility. For the latest rates, visit PNB Housing Finance’s official Home Extension Loan page.
PNB Home Extension Loan Eligibility Criteria
Before applying for a home Extension loan, it’s essential to understand the eligibility criteria. Here’s the essential eligibility checklist set by Punjab National Bank.
| Criteria | Details |
|---|---|
| Ownership of Property | Applicant must own the property intended for extension |
| Age Limit | Minimum: 21 years Maximum: 65 years at the end of loan tenure |
| Income Stability | Must have a stable income source Applicable for both salaried and self-employed individuals |
| Credit Score | 700 or above preferred for better chances of approval and lower interest rates |
| Loan-to-Value (LTV) | Up to 80%–90% of the home extension cost, based on applicant’s profile |
Read More: PNB Home Loan Eligibility Criteria
PNB Home Extension Loan Processing Fees
| Fee Type | Amount |
|---|---|
| Processing Fee | Up to 1% of loan amount (Min ₹10,000 + GST) |
Source: PNB Housing Schedule of Charges
PNB Home Extension Loan Other Fees and Charges
PNB Home Extension Loan includes additional fees such as processing, prepayment, and document charges, which vary based on the service and loan type.
| Charge Type | Details |
|---|---|
| Processing Fee | 1% of loan amount (min ₹10,000) + GST |
| Prepayment Charges (Floating Rate) | Nil for individuals (own source); 3% if for business purposes |
| Prepayment Charges (Fixed Rate) | Nil from own source; 3% if from third party |
| Bounce Charges | ₹750 (1st bounce), ₹1,000 (2nd bounce) + GST |
| Overdue Charges | 24% p.a. on unpaid EMI for delayed period |
| Statements & Certificates | ₹500–₹750 per request (free via online portal) |
| Document Copy Charges | ₹500–₹1,500 depending on request type |
| Repayment Mode Swap | ₹750 + GST (Free if shifting to digital mode) |
| Rate Conversion Fee | 0.5%–3% of principal outstanding + GST |
| Custody Charges (Post Loan Closure) | ₹1,000/month after 1 month |
| CERSAI & MODT Charges | As per government/state regulations |
| Other Admin Charges | ₹500–₹1,000 for non-submission, title search, DD, etc. |
Source: PNB Housing – Schedule of Charges
PNB Home Extension Loan USPs
PNB Housing Finance’s Home Extension Loan offers several key benefits:
- High Loan-to-Value (LTV) Ratio: Financing up to 90% of the property’s market value, reducing the borrower’s initial investment.
- Competitive Interest Rates: Attractive rates starting from 8.50% per annum for salaried individuals, ensuring affordable repayments.
- Flexible Repayment Tenure: Repayment options extending up to 30 years, allowing for manageable monthly installments.
- Minimal Processing Fees: Low processing fees, making the loan more accessible and cost-effective for borrowers.
- Comprehensive Loan Products: Availability of various loan products, including Home Purchase, Construction, Extension, Improvement, and Plot Loans, catering to diverse housing needs.
- Pan-India Presence: Extensive branch network across India, providing easy access to loan services and customer support.
- Customer-Centric Services: Personalized doorstep services and robust post-disbursement support, ensuring a seamless loan experience.
These features make PNB Housing Finance’s Home Extension Loan a compelling choice for homeowners seeking to expand their living spaces.
Also Read: PNB Home Loan Eligibility Calculator
PNB Home Extension Loan Documents Required
To apply for a Home Extension Loan, you’ll need to submit essential documents to verify your identity, income, and property ownership. Below is a table summarizing the typical documents required:
| Document Type | Details |
|---|---|
| Identity Proof | PAN Card, Aadhaar Card, Passport |
| Income Proof | Salaried: Salary slips, Form 16, bank statements Self-employed: ITR, financial statements |
| Property Documents | Title deed of the property, extension approval plan |
| Employment Proof | Employment certificate (for salaried applicants) |
| Loan Application | Duly filled application form with passport-size photographs |
Once you meet the eligibility criteria, the next step is to prepare and submit the necessary documents to validate your application and ensure a smooth approval process.
Read More: Documents for Home Loan Application
How to Apply to PNB Home Extension Loan?
Apply for a PNB Home Extension Loan by following the below steps to ensure a smooth and hassle-free process.
Time needed: 3 minutes
- Visit the Official Website
Go to PNB Housing Finance’s Home Extension Loan page.
- Check Eligibility
Ensure you meet the eligibility criteria.
- Apply Online
Click “Apply Now” and fill in the required details.
- Submit Documents
Upload necessary documents like identity proof, income proof, and property documents.
- Acknowledge Application
Receive an acknowledgment with a reference number.
- Loan Processing
PNB Housing Finance processes your application.
- Approval and Disbursement
Upon approval, the loan is disbursed as per the terms.
For more details, visit PNB Housing Finance’s official website.
Also Read: How to Apply for a PNB Home Loan?
PNB Home Loan: Other Products
PNB Housing Finance offers multiple home loan schemes, each with its own interest rate structure and features. Here’s an overview of the current rates for various PNB Housing Finance schemes.
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Home Loan | 8.50% p.a. onwards |
| Plot Loan | 9.50% p.a. onwards |
| Home Construction Loan | 8.50% p.a. onwards |
| Pradhan Mantri Awas Yojan | Contact the bank |
| Home Improvement Loan | 8.50% p.a. onwards |
| NRI Home Loan | 8.50% p.a. onwards |
| Loan Against Property | 9.24% p.a. onwards |
Check Out: PNB Housing Finance Home Loan Interest Rates 2025
Compare Top Banks Home Extension Loan Interest Rates
Compare top banks’ extension home loan interest rates to find the most affordable and suitable option for your home improvement needs.
| Bank Name | Rate of Interest |
|---|---|
| HDFC Bank | 8.70% p.a. onwards |
| Tata Capital | 8.75% p.a. onwards |
| ICICI Bank | 9.00% p.a. onwards |
| Shriram HFL | 9.50% p.a. onwards |
| Aditya Birla HFL | 8.60% p.a. onwards |
Also Read: A Complete Guide on Home Extension Loan
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Conclusion
PNB Home Extension Loan offers a convenient and affordable way to upgrade your existing home with flexible repayment options and competitive interest rates. With minimal documentation and quick processing, it’s a smart choice for homeowners planning to expand.
For personalized assistance with your home loan, consider scheduling a free consultation call with Credit Dharma today.
Frequently Asked Questions
A PNB Home Extension Loan is a financial product designed to help homeowners fund the expansion of their existing residential property, such as adding new rooms or floors.
Individuals who own a residential property and meet PNB’s eligibility criteria, including age and income requirements, can apply for this loan.
The maximum loan amount depends on various factors, including the applicant’s repayment capacity and the property’s value. PNB typically finances up to 80%-90% of the extension cost.
The repayment tenure can extend up to 30 years, depending on the borrower’s eligibility and loan amount.
Yes, PNB charges a processing fee of 1% of loan amount (min ₹10,000) + GST.
Applicants need to submit identity proof, income proof, property documents, and a duly filled application form with photographs.
Yes, borrowers can prepay their loans. Prepayment charges may apply, depending on the loan agreement terms.
The loan amount is typically disbursed in stages, based on the progress of the construction or extension work.
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