PNB Housing Finance understands that property ownership serves two vital functions: securing a comfortable home and enabling a promising investment. By financing up to 90% of your property’s cost at competitive rates between 8.50% p.a. and 11.45% p.a., PNB provides a reliable, convenient path to homeownership—equally appealing to residents and investors alike.
PNB Home Loan Interest Rates by Employment
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 Home Loan Interest Rates for Salaried Employees
| Credit Score | Home Loan Below 35 Lakhs (p.a.) | Home Loan Above 35 Lakhs (p.a.) |
|---|---|---|
| >= 825 | 8.5% to 9% | 8.5% to 9% |
| > 800 to 825 | 8.8% to 9.3% | 8.8% to 9.3% |
| > 775 to 799 | 9.1% to 9.6% | 9.2% to 9.7% |
| > 750 to <= 775 | 9.25% to 9.75% | 9.35% to 9.85% |
| > 725 to <= 750 | 9.55% to 10.05% | 9.7% to 10.2% |
| > 700 to <= 725 | 9.85% to 10.35% | 10.05% to 10.55% |
| > 650 to <= 700 | 10.25% to 10.75% | 10.45% to 10.95% |
| upto 650 | 10.25% to 10.75% | 10.45% to 10.95% |
| NTC Cibil >=170 | 10.25% to 10.75% | 10.45% to 10.95% |
| NTC Cibil <170 | 10.15% to 10.65% | 10.35% to 10.85% |
PNB Home Loan Interest Rates for Self Employed Individuals
| Credit Score | Home Loan Below 35 Lakhs (p.a.) | Home Loan Above 35 Lakhs (p.a.) |
|---|---|---|
| >= 825 | 8.8% to 9.3% | 8.8% to 9.3% |
| > 800 to 825 | 8.95% to 9.45% | 8.95% to 9.45% |
| > 775 to 799 | 9.65% to 10.15% | 9.8% to 10.3% |
| > 750 to <= 775 | 9.8% to 10.3% | 10.15% to 10.65% |
| > 725 to <= 750 | 10.25% to 10.75% | 10.3% to 10.8% |
| > 700 to <= 725 | 10.55% to 11.05% | 10.75% to 11.25% |
| > 650 to <= 700 | 10.75% to 11.25% | 10.95% to 11.45% |
| upto 650 | 10.75% to 11.25% | 10.95% to 11.45% |
| NTC Cibil >=170 | 10.65% to 11.15% | 10.85% to 11.35% |
| NTC Cibil <170 | 10.55% to 11.05% | 10.75% to 11.25% |
Suggested Read: Fixed vs. Floating Interest Rates
PNB Housing Finance All Schemes Home Loan Interest Rates
| Schemes | Home Loan Interest Rates |
|---|---|
| PNB Home Loan | 8.50% p.a. onwards |
| PNB Plot Loan | 9.50% p.a. onwards |
| PNB Home Construction Loan | Contact the Bank |
| PNB Home Extension Loan | Contact the Bank |
| PNB Home Improvement Loan | 8.50% p.a. onwards |
| PNB NRI Home Loan | 8.50% p.a. onwards |
Suggested Read: Compare Home Loan Interest Rates
All Schemes Offered by PNB Housing Finance: A Detailed Overview
PNB has a range of home loan schemes catering to diverse needs, from ready-to-move properties to under-construction projects. Read on to find the best fit for your housing requirements.
PNB Housing Finance Plot Loan Interest Rates
- Finances the purchase of a residential plot, allowing you to later build a dream home.
- Plots can be purchased through direct allotment in real estate housing societies/projects or from development authorities.
- PNB typically finances 70-75% of the plot’s market value.
- Loan amount is determined based on the plot’s cost and PNB Housing’s Loan-to-Value (LTV) policies.
- Tax Benefits: Available if construction begins on the purchased land.
- Loan Term Impact: The loan eligibility is influenced by the length of the loan term.
| Home Loan Type | Home Loan Interest Rates |
|---|---|
| Plot Loan | 9.50% p.a. onwards |
PNB Housing Finance Home Construction Loan
- Get a loan that fits your budget and construction needs, with flexible terms up to 30 years.
- Enjoy fast approval and disbursal with PNB Housing, plus hassle-free online application and doorstep services.
- Need more funds for construction? Easily top-up your loan or refinance your existing one.
- With branches across India, PNB ensure great service, supported by a strong team and easy online access.
- Choose from various ways to repay your loan, including EMIs and pre-payments.
| Home Loan Types | Home Loan Interest Rates |
|---|---|
| Home Construction Loan | Contact the Bank |
PNB Housing Finance Home Extension Loan Interest Rates
- Home Extension Loans: Offered by PNB Housing Finance Ltd. for adding more space to your existing home.
- Growing Family Needs: Perfect for creating extra rooms like a children’s room, a reading room, or a guest room.
- Easy Home Extension: Simplifies the process of extending your existing residential property to suit your requirements.
| Home Loan Types | Home Loan Interest Rates |
|---|---|
| Home Extension Loan | Contact the bank |
Check Out: PNB Housing Finance Home Loan EMI Calculator
PNB Housing Finance Home Improvement Loan Interest Rates
- Purpose: Helps revamp your home and transform it into a contemporary, comfortable space.
Things you can do with PNB Home Improvement Loan:
- Complete renovation of an existing residential property.
- Upgradation of your current home.
- House or flat repairs.
- External and internal repairs or painting.
- Installing false ceilings and woodwork fixed to the building.
- Waterproofing and roofing.
- Tiling and flooring.
- Plumbing and electrical work.
| Home Loan Types | Home Loan Interest Rates |
|---|---|
| Home Improvement Loan | 8.50% p.a. onwards |
PNB Housing Finance NRI Home Loan Interest Rates
- Home Loan for NRIs & PIOs: A wide range of home loan products offered for the purchase, construction, and renovation of residential property in India.
- Must be an Indian citizen or a Person of Indian Origin (PIO) holding an Indian passport.
- Must have NRI status due to employment, deputation, or assignment abroad.
- Must have stayed abroad for at least one year before applying for a house loan. This does not apply to those going abroad on deputation.
| Home Loan Types | Home Loan Interest Rates |
|---|---|
| NRI Home Loan | 8.50% p.a. onwards |
How Does Reserve Bank of India (RBI) Repo Rate Impact Home Loan Interest Rates?
The repo rate is the interest rate at which the RBI lends short-term funds to commercial banks. It acts as a benchmark for the economy, influencing liquidity and credit availability. For example, a lower repo rate reduces banks’ borrowing costs, encouraging them to lend more.
Direct Impact on Home Loan Rates
- Rate cuts reduce borrowing costs : When the RBI lowers the repo rate, banks can borrow funds at cheaper rates, potentially reducing home loan interest rates
- Example from 2025 : In February 2025, the RBI reduced the repo rate by 25 basis points to 6.25%, followed by another cut to 6%.These moves aimed to stimulate economic growth by making loans more affordable.
Transmission to Borrowers
- Partial or delayed pass-through : Banks may not immediately pass the full benefit of repo rate cuts to borrowers. For instance, after the February 2025 cut, lenders gradually adjusted home loan rates, with potential EMIs dropping by ₹500–₹1,000 per lakh
- Dependence on bank policies : Banks factor in operational costs, profit margins, and market competition when adjusting rates. For example, SBI and HDFC reduced rates to 8.25–8.5% post-February 2025 cuts, but smaller lenders might lag.
Key Outcomes for Home Loan Borrowers (2025)
- Lower EMIs : A 25-basis-point repo rate cut could reduce monthly EMIs for existing and new borrowers if banks adjust their rates
- Potential sub-8% rates : Analysts suggest home loan rates might dip below 8% in 2025 due to cumulative repo rate reductions, benefiting first-time buyers and refinancers
Inflation and Repo Rate Dynamics
- High inflation : The RBI typically raises the repo rate to curb inflation, increasing home loan costs.
- Low inflation : Falling inflation allows the RBI to cut rates, easing the burden on borrowers.
Suggested Read: When Does Your Home Become a Non Performing Asset?
How to Get Lowest PNB Home Loan Interest Rates?
- Maintain a high credit score to qualify for lower interest rates
- Compare different loan schemes and negotiate for better terms
- Opt for a shorter loan tenure if possible to reduce interest burden
- Leverage your existing relationship with the bank for preferential rates
- Make a higher down payment to lower your overall interest cost
Read More: PNB Housing Finance Home Loan Eligibility Checklist
Types of Home Loan Interest Rates
| Interest Rate Type | Definition | Pros | Cons |
|---|---|---|---|
| Fixed | Rate remains constant throughout a predetermined period or entire tenure. | – Predictable EMIs for budgeting – Protection against rising interest rates | – Typically, higher rates compared to floating – No benefit if market rates go down |
| Floating (Variable) | Linked to market benchmarks (e.g., Repo Rate, MCLR) and changes over time | – Often cheaper when rates fall – Can partly or fully prepay with lower penalties | – EMIs fluctuate with market conditions – Costs may rise if rates increase |
| Hybrid | Combination of fixed and floating phases. | – Stability in the initial fixed period – Potential cost savings in the variable phase | – Transition from fixed to floating can carry uncertainties – May incur a shift-related fee |
Suggested Read: All Banks Home Loan Interest Rates 2025
Factors Affecting PNB Housing Finance Home-Loan Interest Rate
| Factor | How It Affects the Interest Rate |
|---|---|
| Credit score & repayment history | Higher credit scores & consistent repayments often lead to lower rates |
| Loan amount & tenure | Larger loan amounts or extended tenures can raise rates due to increased risk |
| Type of interest rate (fixed or floating) | Floating rates fluctuate with market changes; fixed rates remain constant but can be higher initially |
| Market & repo rate trends | Rates typically rise or fall in line with the central bank’s policy decisions |
| Employment & income stability | Steady job & robust income can fetch more favorable rates |
| Loan-to-value (LTV) ratio | A lower LTV (larger down payment) signals reduced risk, helping secure lower rates |
| Banking relationship | Good track record or existing relationship with the bank may result in preferential rates |
How are Home Loan Interest Rates Calculated?
Home loan interest rates typically start with a benchmark – for example, the repo-linked lending rate (RLLR) or MCLR. Your bank sets its own spread above this reference to cover operational and credit-related risks. That margin, in turn, depends heavily on your credit score, income stability, loan amount, and the overall risk perceived by the lender.
In addition, economic policies (like changes in the repo rate announced by the central bank) can cause benchmark rates to move up or down, directly influencing what you end up paying over time.
Suggested Read: RLLR vs. MCLR vs. PLR
How to Obtain a PNB Housing Finance Home Loan Interest Certificate?
- Visit the PNB Housing Finance official website.
- Navigate to the “Customer Login for Existing Customers Only” section.
- Click on the “Customer Login” tab. Enter your username and password, then click on the “Login” button.
- After logging in, you can access and download your PNB HFL Home Loan Interest Certificate.
- Alternatively, you can click on the “IT CERTIFICATE” tab under the “Quick Links” section. Here, you will need to enter your loan account number and other relevant details.
Will Home Loan Interest Rates Go Down in 2025?
Yes, home loan interest rates in India have already started declining in 2025, following the Reserve Bank of India’s (RBI) decision to cut the repo rate by 25 basis points (bps) on April 9, 2025 .
This reduction, combined with a similar cut in February 2025, brings the cumulative repo rate decrease to 50 bps this year, lowering the rate from 6.25% to 6% .
These cuts directly impact floating-rate home loans linked to the repo rate, which most banks use as their external benchmark.
EMI vs. Tenure Reduction: Which Saves More?
Banks typically shorten the loan tenure while keeping EMIs unchanged during rate cuts. Borrowers can opt for this or request an EMI reduction.
For example, a Rs 50 lakh loan at 8.25% (post-February cut) will now cost 8%, lowering monthly EMIs by Rs 777 (from Rs 42,603 to Rs 41,826).
- Lower EMIs : Immediate cash flow relief (e.g., saving Rs 777/month). Total interest saved over 20 years: ~Rs 1.85 lakh .
- Shorter Tenure : Retaining the original EMI shaves 10 months off the loan term, saving ~Rs 4.36 lakh in interest. Experts recommend this option for 234% higher savings compared to EMI cuts.
Suggested Read: What is Reverse Repo Rate?
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Frequently Asked Questions
PNB Housing Finance requires applicants to have a minimum CIBIL score of 650 to be eligible for a home loan. A higher credit score enhances the likelihood of approval and may secure more favorable interest rates.
Yes, PNB Housing Finance allows borrowers to hold two home loans at the same time. However, applicants must demonstrate sufficient repayment capacity to manage the financial obligations of both loans effectively.
PNB Housing Finance generally approves home loan applications within 5-7 days. However, this timeline may extend if applicants fail to provide the necessary income or property documentation promptly.
Absolutely. PNB Housing Finance offers joint home loans where you can apply alongside an immediate family member. Joint applications often have a higher approval rate and may provide access to greater income tax benefits.
A higher credit score significantly benefits borrowers by qualifying them for lower interest rates. For instance, applicants with a CIBIL score of 800 and above receive the most competitive rates, whereas those with scores of 650 or below may face higher interest rates.
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