HomeInsurancePNB Mortgage loan Interest rate (2023)

PNB Mortgage loan Interest rate (2023)

PNB Mortgage loan Interest rate

Learn about PNB Mortgage loan Interest rate, documentation, eligibility, and other fees from PNB HFL (Punjab National Bank Housing Finance). PNB HFL loan for funds for end use in household, foreign travel, personal needs, education, sister-in-marriage, daughter-in-marriage, family work, medical expenses, general expenses, etc.


PNB Mortgage loan Documents Required

Here you know the “PNB Mortgage loan Interest rate and Document” which is needed on PNB Bank loans.

Salaried Employees Self  Employed/Professionals
I filled out the application with photos I filled out the application with photos
Proof of age (PAN card, passport, or any other certificate issued by a law enforcement officer). Proof of age (PAN card, passport, or any other certificate issued by a law enforcement officer).
Proof of residence (passport, driving license, telephone bill, ration card, election card, any other certificate issued by a law enforcement officer); Proof of residence (passport, driver’s license, phone bill, ration card, election card, or any other certificate issued by a law enforcement officer);
Subject – Final Diploma Subjects: Final Diploma (for Professional).
Payroll for the last 3 months Proof of existence including corporate certificate and corporate information.
16 forms for the last 2 years Income statement (personal and business) for the last 3 years including profit and loss account and balance sheet duly audited/certified by an auditor
payroll ) for the last 6 months. Last 12 months’ bank statements (personal and business).
See processing fees for ‘PNB Housing Finance Limited’. See processing fees for ‘PNB Housing Finance Limited’.
Property name, photocopy of the approved plan Photocopy of title deed approved plan etc.
PNB Mortgage loan Interest rate
PNB Mortgage loan Interest rate

PNBHFL Loan Against Property Interest Rates 

Non-Home Loan Product Interest Rates
Loan against Residential Property 9.65% to 13.00%
Loan against Commercial Property 9.65% to 13.00%
Loan against Plot (residential/commercial) 12.00% to 12.50%
Loan for purchase of non-residential property 9.65% to 13.00%

The amount of the loan;– The PNBHFL Chartered Appraiser must have a verified market value or repayment capacity of the client, whichever is less. The loan is decided by PNBHFL, considering age, qualification, occupation, and so on. Availability of credit can be calculated by adding up the income of the borrower/co-borrower.


Security:- The loan collateral consists of prepayment of equity capital and/or other collateral security deemed necessary by PNBHFL. Additional/final security may be provided with the approval of PNBHFL.


Payment of debts;– The monthly repayment of the loan is 15 years


PNB home loan review

Public sector banks hiked interest rates on repo-linked home loans by 35 basis points. The bank’s website states: “ RLLR has been reduced from 8.40% to 8.75% as of 08/12/2022 for all customers. A BSP charge of 25 bps will be charged in addition to the RLLR. The completed RLLR document is an interest loan linked to the repo. The RLLR is calculated as the current repo rate (6.25%) + markup (2.50%).

The average rate on a home loan outstanding as of December 8 is 9% per annum. Before the RBI hiked the repo rate this month, the bond interest rate stood at 8.65%.

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This amount applies to loans of Rs 1 lakh crore. Applicants can extend the repayment period up to a maximum of 30 years. The loan application processing fee is 0.35% of the total loan amount available plus GST.

People buying EWS, LIG, and MIG homes are eligible for cost assistance under the Pradhan Mantri Awas Yojana (Urban) Mission program.


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