Home loan

A home loan is financial aid sought by applicants who need to purchase, renovate or expand their homes. With this secured loan, the borrowers only have to pay a down payment while the remaining amount (upto 90%* on a loan amount lesser than Rs. 30 lakh) is covered by the lender. The total borrowed amount with interest is then repaid to the lender as monthly EMIs.

With over 30 years of industry expertise and customer trust behind us, we offer home loans tailored to your budget and at low interest rates. Whether you are looking to buy a home, build one, or renovate one, PNB Housing’s efficient and easy housing loan can help you get there.

Advantages of PNB Housing Home Loan

  • Attractive Interest Rate
    With PNB Housing, taking a home loan and repaying it as easy as it sounds, thanks to home loan interest rates starting at as low as 8.00%* per annum for salaried & self-employed individuals.
  • Home Loan Product Bouquet
    A home loan shouldn’t only be restricted to the purchase of a new home. As such, PNB Housing provides seamless and quick loans for everything from home purchase to renovation to construction and home extension.
  • Home Loan up to a 30-Year Tenure
    Longer-term loans allow customers to pay lower EMIs each month and pursue other goals. PNB Housing offers customers 30-year housing loans (up to the age of 70). Read More
  • Easy Finance
    PNB Housing promises to alleviate the initial financial burden of downpayment. PNB Housing can sanction and finance up to 90% of the house value (percentage funding depends upon the loan amount), implying you only have to arrange money for the remaining 10% to have a dream home finally.
  • Low Processing Fee
    Where most financial institutions and entities are charging 1-2% of the home loan amount as a processing fee, PNB housing charges 0.5% of home loan.
  • Customer-Friendly Features & Convenience
    PNB Housing home loan offers personalized doorstep services and post-disbursement services via an online customer portal and customized eligibility programs to ensure that our customers have a hassle-free loan experience.
  • Personalized Loan Eligibility Programs
    PNB Housing’s goal is to help customers get the most out of their loans. For this, it has devised many surrogate programs to meet customers’ needs.
  • Online Application Processing
    PNB Housing has released a digital customer onboarding platform,  Ace Portal, PNB Housing’s goal is to help customers get the most out of their loans. For this, it has devised many surrogate programs to meet customers’ needs.
  • Nationwide Presence
    PNB Housing has a presence in all major cities across India. If the customer relocates during the loan term, post-disbursement services will not be impacted
  • Loan Enhancement
    Your home loan from PNB Housing is also subject to enhancement in the event of rising costs or the need for a second loan on the same property for any reason.
  • Enhanced Customer Experience
    Our customer service portal is a self service portal to request for and receive subsequent disbursements in a paperless and completely electronic mode. The customer can reach out to us on the phone , through email or through the service portal available on web and mobile apps. Our contact center would be able to provide standardised and timely service to customers.
  • Value Additions
    An optional insurance facility protects the customer’s family and property. In a mishap, the loan is covered by insurance, ensuring that the burden of responsibility does not fall on the grieving family members.

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Home Loan Eligibility Criteria

PNB Housing is the answer to your search for a rapid, customized, hassle-free, and easy-to-get home loan. It offers a range of incentives for all those wishing to fulfill their goals of owning or building a dream house, with the attractive interest rates available in market.

Whether you are a Salaried individual (Private or Government employee) or a Self-employed Individual, PNB Housing has a clear home loan eligibility criteria and requirements for all types of applicants.

Age Limit Applicants should be 21 years or above at the time of applying for a home loan. Age should not exceed 70 years at the time of home loan maturity.
Monthly salary/income INR 15,000 and above
Required CIBIL Score Minimum 611
Work experience for salaried individuals 3+ years
Business continuity for self-employed 3+ years

PNB Housing also gives the freedom to use our instant home loan eligibility calculator and home loan EMI calculator to approximate how much home loan you are eligible for, your tenure and pertaining home loan EMI.

Documents Required for Home Loan

The above-listed criteria alone does not make you eligible to apply for a home loan. Based on your occupation and home finance requirements, you will also need to submit the following documents for PNB Housing home loan processing while sharing your Home Loan application:

 For Salaried Employees For Self-Employed/Professionals
Compulsory Documents such as loan application form Compulsory Documents like loan application form
Age Proof Age Proof
Residence Proof Residence Proof
Education Qualifications Education Qualifications
Income Proof which includes salary slips of last 3 months, Form 16 for last 2 years and latest 6 months bank statement Income Proof pertaining to business and ITR, such as proof of business existence, last 3 years income tax returns, accountant-certified balance sheets, and last 12 months bank account statement
Other Documents related to the property such as title, approved plan, etc. Other Documents such as property title, approved plan, etc.

Benefits of Taking a Home Loan from PNB Housing

  • Provides an extensive range of home loan products like Home Purchase Loans, Home Construction Loans, Home Extension Loans, Home Improvement Loans and Plot Loans.
  • Pan India branch network
  • Robust service delivery model – door step services ensuring easy and fast approval & disbursal of loans
  • Excellent post disbursement services
  • Facility of enhancement in loan amount in the event of escalations in cost
  • Dedicated team of well-experienced employees who work on best-in-class information systems & network to deliver and provide customer satisfaction
  • High standards of ethics, integrity and transparency
  • Various repayment options

How to Apply for a Home Loan from PNB Housing

Now that you have complete information on PNB Housing home loans, it is time to start applying for them. The below-listed process will help you smoothly fill out the application form and get a call back from the PNB Housing’s customer care representatives:

  • Step 1: You have to visit PNB Housing’s “Apply for Loan” page.
  • Step 2: Enter your full name in the first option (Please use Name mentioned in any government ID proof i.e. PAN or Adhaar card)
  • Step 3: Share your working mobile number for PNB Housing representative to contact you
  • Step 4: Click on the options and select your loan amount range needed
  • Step 5: Submit your email address, where you want to get detailed information on PNB Housing Home Loans
  • Step 6: Select your current location from the options for better reachability from PNB Housing’s end
  • Step 7: Click on the box that affirms you have submitted legit details and want to receive notifications about the same before pressing the “Submit” button. You are one step closer to get a Home Loan for your dream home with PNB Housing.

Other options to connect with PNB Housing for Home Loan requirements 

If an online home loan application of PNB housing confuses you, PNB housing has other quick touch points as well.

  • You can call 1800-120-8800 (Toll Free) to connect with a customer care representative and share your home loan requirements.
  • You can also type an SMS stating PNBHFL and send it to 56161

Type of Home Loans We offer

We offer customized Home Loan solutions with best-in-class services, full-fledged domain knowledge and simplified loan procedures. Choose from the many housing loans available for salaried and self-employed applicants, and enjoy PNB Housing home loan at an easy EMIs every month for a tenure of your liking up to 30 years! 

1. Home Purchase Loan

To help our customers, PNB Housing offers loans for the acquisition, development, and expansion of residential properties. As a leading home loan provider, we offer a wide range of customized solutions tailored to each client’s specific needs. PNB Housing succeeds at meeting customers’ home loan demands with a full range of services. Customers can create a long-term relationship of commitment and trust because of the ease of applying for a loan, the solid service delivery model, and the mark to market credit and financial regulations.

 2. Home Construction Loan

Home Construction Loans are available from PNB Housing for those who want to build a house on their land. Offerings like this are only available to customers who already own land and require money to build a house on it.

3. Home Extension Loan

Additional room can be added to your current house with a Home Extension Loan from PNB Housing. If your family expands, you may require a guest room, a reading room, or an extra bedroom for your children. We make it simple to expand your current home to meet your specific needs.

4. Home Improvement Loan

To keep your home looking and functioning at its best, PNB Housing offers Home Improvement Loan for you to spend as you see fit.

Coverage for Home Improvement Loan

  • Renovation of an existing residential home to its full potential
  • Upgradation
  • Repairs to your home/apartment/etc.
  • In-and outside-of-the-home touch-ups
  • Floor and wall tiling
  • Plumbing and electrical work
  • Woodwork and a false ceiling

5. Residential Plot Loan

PNB Housing provides a loan to purchase a residential plot of land in an urban area to construct a residential premise.


Can a home loan be transferred from one person to another?

Yes, but only if the property owner wishes to sell it to a new buyer. Transferring a house loan from a seller to a buyer requires a formal process. The seller must provide the buyer with a foreclosure letter. If the buyer home loan transfers inside the bank, they must reapply for a house loan and pay the fees.

Can home loan be taken jointly?

You can get a shared house loan with your immediate family member if you want a bigger loan. Home loan are more likely to get approved than individual loan. The income tax exemptions are a big benefit of applying for a joint loan, and the savings are far greater than for a single-name loan.

Can home loan tenure be reduced?

The loan duration can be modified voluntarily on customer’s request. One can always prepay the loan principal amount to reduce the loan tenure. PNB Housing would review your loan statement and recent income statements to rework on the requested loan tenure.

How much tax can I save through a home loan?

Everyone’s dream is to buy a home. The Indian government has long favoured encouraging residents to own homes. It is why a house loan qualifies for an 80C deduction. And buying a property with a mortgage has several tax advantages that dramatically cut your tax bill. Many Pradhan Mantri Jan Dhan Yojana programs boost the Indian housing market by addressing affordability and accessibility.

What is the best way to apply for a home loan?

You can now call our toll-free number or send an SMS showing your interest in the home loan. Nonetheless, the easy and best way to apply for a home loan is online.

Can I extend my home loan tenure?

The maximum tenure limit of any home loan, including a PNB housing home loan, is 30 years. In this way, if you apply for a home loan for 15 years, you have the chance to extend your loan tenure by discussing the same with your financial institution.

How to take quick approval for a home loan?

Follow these simple steps to ensure that your home loan is approved quickly and painlessly:

  1. Understand your financial situation.
  2. Keep your credit score as high as possible, pay off your debts on time.
  3. Make use of the co-applicant functionality.
  4. Pay close attention to the supporting application documentation and application form.
  5. Maintain a timely response time to your lender.

How much time will home loan approval take?

To obtain a home loan sanction, you can opt for a home finance institution’s pre-approval loan process. The loan is usually approved in 5-7 days. However, borrowers’ failure to present property or income papers typically causes delays in the sanction process.

Can I take two home loans at the same time?

Yes, you can have more than one property or residence. But it relies on your earning and the likelihood of paying off debt. You can get financing from the same lender or seek other options. Of course, the possibility of refinancing the loan is always available.

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