PNB Housing Finance Ltd Home Loan

Highlights

  • Check eligibility and interest rates October 2018 ranging from 9.00% - 13.00%.
  • Know how can you apply online for PNB HFL home loan and get instant approval.

PNB Housing Finance Ltd offers low-interest rate and a flexible tenure option on home loans. The housing finance is known for its customer-friendly approach which makes it easier for the borrowers to repay the loan. To check housing loan interest rates October 2018 and more about the product, read below the details.

  • PNB HFL rates
  • Maximum loan amount option
  • Minimum income criteria
  • PMAY scheme

Home Loan

Eligibility & Quotes from top PSU & Pvt. Banks | Lowest Interest Rates | Comfortable Tenure

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    PNBHFL Home Loan Interest Rate October 2018

    ParticularsDetails
    Interest Rate9.00% - 13.00%
    Loan Amount 75%-90% of the market value
    TenureUp to 30 years
    Processing Fees₹10,000 plus GST

    How to apply for PNBHFL Home Loan Online?

    You can apply for the loan at Wishfin at per your suitability your nearest branch or online. Wishfin experts help you in getting the lowest possible rate. So, apply online at Wishfin to get hassle-free home loans.

    PNB Housing Finance EMI Calculator

    With the help of EMI calculator, you can calculate your monthly installments on your home loan instantly. The calculator is the simplest and flexible tool that takes into account the basic details like the loan amount, the maximum tenure, and the interest rate. Since the calculation is for the monthly EMI, the calculator converts the annual interest rate into the monthly interest rate and then gives the results. You get the payment details of EMI, the total interest outgo, and the total repayment amount (interest+principal). Below is an example for your reference.

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 20,00,0008.50%1₹ 1,74,440₹ 93,275₹ 20,93,275
    ₹ 20,00,0008.50%2₹ 90,911₹ 1,81,872₹ 21,81,872
    ₹ 20,00,0008.50%3₹ 63,135₹ 2,72,863₹ 22,72,863
    ₹ 20,00,0008.50%4₹ 49,297₹ 3,66,237₹ 23,66,237
    ₹ 20,00,0008.50%5₹ 41,033₹ 4,61,984₹ 24,61,984
    ₹ 20,00,0008.50%6₹ 35,557₹ 5,60,087₹ 25,60,087
    ₹ 20,00,0008.50%7₹ 31,673₹ 6,60,530₹ 26,60,530
    ₹ 20,00,0008.50%8₹ 28,784₹ 7,63,289₹ 27,63,289
    ₹ 20,00,0008.50%9₹ 26,559₹ 8,68,340₹ 28,68,340
    ₹ 20,00,0008.50%10₹ 24,797₹ 9,75,657₹ 29,75,657
    ₹ 20,00,0008.50%11₹ 23,373₹ 10,85,207₹ 30,85,207
    ₹ 20,00,0008.50%12₹ 22,201₹ 11,96,960₹ 31,96,960
    ₹ 20,00,0008.50%13₹ 21,224₹ 13,10,879₹ 33,10,879
    ₹ 20,00,0008.50%14₹ 20,398₹ 14,26,926₹ 34,26,926
    ₹ 20,00,0008.50%15₹ 19,695₹ 15,45,062₹ 35,45,062
    ₹ 20,00,0008.50%16₹ 19,090₹ 16,65,245₹ 36,65,245
    ₹ 20,00,0008.50%17₹ 18,566₹ 17,87,432₹ 37,87,432
    ₹ 20,00,0008.50%18₹ 18,109₹ 19,11,576₹ 39,11,576
    ₹ 20,00,0008.50%19₹ 17,709₹ 20,37,632₹ 40,37,632
    ₹ 20,00,0008.50%20₹ 17,356₹ 21,65,552₹ 41,65,552
    ₹ 20,00,0008.50%21₹ 17,045₹ 22,95,286₹ 42,95,286
    ₹ 20,00,0008.50%22₹ 16,768₹ 24,26,784₹ 44,26,784
    ₹ 20,00,0008.50%23₹ 16,522₹ 25,59,998₹ 45,59,998
    ₹ 20,00,0008.50%24₹ 16,302₹ 26,94,874₹ 46,94,874
    ₹ 20,00,0008.50%25₹ 16,105₹ 28,31,363₹ 48,31,363
    ₹ 20,00,0008.50%26₹ 15,928₹ 29,69,411₹ 49,69,411
    ₹ 20,00,0008.50%27₹ 15,768₹ 31,08,968₹ 51,08,968
    ₹ 20,00,0008.50%28₹ 15,625₹ 32,49,982₹ 52,49,982
    ₹ 20,00,0008.50%29₹ 15,495₹ 33,92,402₹ 53,92,402
    ₹ 20,00,0008.50%30₹ 15,378₹ 35,36,177₹ 55,36,177

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    YearPrincipalInterestBalance Amount
    1₹ 15,119₹ 1,69,420₹ 19,84,880
    2₹ 16,455₹ 1,68,084₹ 19,68,425
    3₹ 17,910₹ 1,66,629₹ 19,50,514
    4₹ 19,493₹ 1,65,046₹ 19,31,021
    5₹ 21,216₹ 1,63,323₹ 19,09,805
    6₹ 23,091₹ 1,61,448₹ 18,86,713
    7₹ 25,132₹ 1,59,407₹ 18,61,580
    8₹ 27,354₹ 1,57,185₹ 18,34,226
    9₹ 29,772₹ 1,54,767₹ 18,04,454
    10₹ 32,403₹ 1,52,136₹ 17,72,050
    11₹ 35,267₹ 1,49,271₹ 17,36,782
    12₹ 38,385₹ 1,46,154₹ 16,98,397
    13₹ 41,778₹ 1,42,761₹ 16,56,619
    14₹ 45,470₹ 1,39,068₹ 16,11,148
    15₹ 49,490₹ 1,35,049₹ 15,61,658
    16₹ 53,864₹ 1,30,675₹ 15,07,793
    17₹ 58,625₹ 1,25,913₹ 14,49,168
    18₹ 63,807₹ 1,20,731₹ 13,85,360
    19₹ 69,447₹ 1,15,091₹ 13,15,912
    20₹ 75,586₹ 1,08,953₹ 12,40,326
    21₹ 82,267₹ 1,02,272₹ 11,58,058
    22₹ 89,539₹ 95,000₹ 10,68,519
    23₹ 97,453₹ 87,086₹ 9,71,065
    24₹ 1,06,067₹ 78,472₹ 8,64,998
    25₹ 1,15,443₹ 69,096₹ 7,49,554
    26₹ 1,25,647₹ 58,892₹ 6,23,907
    27₹ 1,36,753₹ 47,786₹ 4,87,154
    28₹ 1,48,841₹ 35,698₹ 3,38,313
    29₹ 1,61,997₹ 22,542₹ 1,76,316
    30₹ 1,76,424₹ 8223₹ 0

    PNB Home Loan Documents Required

    The documents required for housing loans at PNBHFL are as follows:

    • Duly filled Application Form with Photograph
    • KYC Documents including Aadhar or PAN card of applicants
    • Education qualifications – Latest
    • Latest Salary-slips for 3 months for Salaried Employees or Certificate & Proof of business existence along with Business Profile for Self Employed professional
    • Form 16 for last 2 years for Salaried employees or Last 3 years Income Tax returns (self and business) with Profit & Loss Account & Balance Sheets duly certified/audited by a Chartered Accountant for self-employed professional
    • Last 6 months Bank Statements (salary account) for salaried employees or Last 12 months Bank Account Statements (self & business) for self-employed professional
    • Processing Fee Cheque in favor of ‘PNB Housing Finance Ltd.’
    • Self-declaration from the customer for family income
    • Affidavit on requisite stamp paper on Ownership of property in case of construction or extension loan.
    • Photocopy of Title Documents of the Property, Approved Plan

    PNB Housing Loan Processing Fee

    The processing fee applicable on home loans is the one-time payment. The amount is debited from the sanctioned amount that is transferred to your account. This fee attracts GST as well which is presently 18%. So, the processing fee on a home loan at PNB HFL is presently ₹10,000/- plus GST.

    PNB HFL Home Loan Schemes

    PNB Housing Finance Limited facility home loans under the following schemes:

    • Home Purchase Loan-Your age should not be more than 70 years at the time of loan maturity.
    • Home Construction Loan
    • Home Extension Loan
    • Home Improvement Loan
    • Residential Plot Loan
    • Loan for NRIs
    • Unnati Home Loans
    • Pradhan Mantri Awas Yojana

    Home Improvement Loan

    You can take the home improvement loan from PNBHFL for the following purposes:

    • Complete renovation of already owned residential property
    • Upgradation
    • Repair of your house/flat
    • External & internal repairs/paint
    • Waterproofing & roofing
    • Tiling and flooring
    • Plumbing & electrical work
    • False ceiling & woodwork (fixed to the building)

    Features of Unnati Home Loans

    • Maximum loan amount of up to ₹25 lakhs subject to 90% of market value of the property
    • Attractive rates of interest
    • Option of fixed rate for 3, 5 and 10 years to protect you from market fluctuations
    • Robust service delivery model – door step services ensuring easy and fast approval & disbursal of loans
    • Pan India branch network

    Pradhan Mantri Awas Yojana (PMAY) – Credit Linked Subsidy Scheme (CLSS)

    The features of PMAY scheme linked to CLSS are as follows:

    • Interest subsidy benefit is calculated for 20 years
    • Benefits available for the first property purchase
    • Applicants should be of immediate family including self, spouse, and unmarried children only
    • Women Ownership is mandatory under EWS & LIG category for purchase of a new house

    PNB Home Loan Eligibility

    Below is the eligibility required to apply for different types of housing loans offered by PNBHFL.

    NRI Home Loans Eligibility Criteria

    • You should be an Indian citizen or a Person of Indian Origin (PIO) holding an Indian passport with the status of NRI on deputation/ employment/ assignment.
    • You should be working for at least one year in a foreign country before seeking a house loan.
    • The condition of minimum service over one year shall not apply to people going abroad on deputation.
    • Your age should not be more than 70 years at the time of loan maturity.

    Eligibility Criteria for Unnati Home Loans

    Only the below-listed people can apply for Unnati Home Loans:

    • An individual with any Professional Degree/Diploma/Post-Graduate Degree/ITI etc.
    • An employee of local and stable business entity like Petrol Pump, Restaurant, Jewellery shops, Garments shop etc. The employer’s business can be a proprietorship/partnership/private limited/limited company/trust etc.
    • An individual who is earning a fixed minimum income of ₹10,000 per month. This is valid for combined income also in case there is a co-applicant.

    Your age at the time of loan maturity should not be more than 70 years if you are a salaried employee and not more than 65 years if you are a self-employed professional/non-professional

    Eligibility Criteria for PMAY scheme

    To apply for a home loan under PMAY scheme, the applicants must fit into the below-given eligibility:

    • Individuals only
    • Applicants should be of immediate family including self, spouse, and unmarried children only
    • Age of all applicants should be above 18 years
    • Annual combined income of all applicants: maximum of declared/assessed income should be up to ₹6 lakhs for EWS & LIG category, ₹6.01 Lakh to ₹12 Lakh for MIG1 and ₹12.01 Lakh to 18 Lakh for MIG2.
    • The beneficiary family should not own a pucca house in his/her or in the name of any member of his/her family in any part of India.
    • The beneficiary family should not have availed of central assistance under any housing scheme from Government of India or any benefit under any scheme in PMAY.
    • Renovation/extension should be used to convert Kuccha house to a Pucca house.

    PNB Housing Loan Login

    The customers can login and check the status of their loan application. For this, the application ID will be required which will be given to you after the application process is completed successfully.

    PNB HFL Home Loan Application Status

    When you apply for a home loan through Wishfin, you get personalized assistance which helps you in every step related to your loan. So, if you want to know the application status of your home loan, you can contact the resepctive executive.

    PNBHFL Customer Care Number

    The customers can reach the housing finance company for any product related query. You can contact PNBHFL at their official address or can contact them on 1800 120 8800.

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    EMI Calculator