Home Construction Loan

PNB Housing

A Home Construction Loan is a type of home loan that allows customers to obtain the necessary funds to finance the construction of residential house property on a piece of land.

We bring over 30 years of expertise in Home construction loans and our customers have been able to expedite their home construction at competitive construction home loan interest rates, affordable EMIs and a hassle-free online application process.

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EMI Calculator

Advantages of Home Construction Loan

Customized Construction Loan Offerings

Tailor your offer to match your budget, eligibility, and construction needs. Build your dream house with a generous loan and flexible 30-year tenure.

Quick and Smooth Construction Loan Disbursal

Get quick construction loan approval and disbursal with PNB Housing. Say goodbye to delays and obstacles with our doorstep services and easy online application process.

Easy Top-Up Loan Option for all Construction Need

Home construction costs escalating? You can rely on easy top-up loan options and refinance your existing loan to your needs.

World Class Post Disbursement and Customer Services

We have a strong pan-India branch network, ensuring our customers' easy accessibility. Our committed team, advanced systems, and ethical approach guarantee customer satisfaction, complemented by our convenient online services.

Multiple Repayment Options

Pay your EMIs or pre-payments using multiple repayment options.

Home Construction Loan

Eligibility Criteria

At PNB Housing, we have relaxed eligibility criteria for construction home loans. You can also check your eligibility
using the home loan eligibility calculator.

Indian citizenship
Minimum 3 years work experience for salaried applicants and 5 years business continuity for self-employed
Minimum CIBIL score 650

Check your Eligibility

Steps to

Apply for a Home Construction Loan Online

Now that you have complete information on PNB Housing Home Construction Loan, 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 PNB Housing’s customer care representatives:

Step 1

Click on the Apply for Loan button to initiate your application.

Apply for Loan

Step 2

Enter your Basic details & loan requirements.

Step 3

An OTP will be shared on your mobile number to verify your details.

Home Construction Loan

Documents Required

KYC Documents

KYC documents are mandatory for obtaining a housing loan unless you are already an existing customer. These provide essential information about the applicant, such as age, address, income, employment, income tax, etc. Remember that the Home Loan document requirements differ slightly for salaried and self-employed applicants.

Click here to download the Application Form

For Salaried Employees

Age Proof: Aadhar card, Passport, Driving Licence, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority
Residence Proof: PAN Card, Passport, Any other Certificate from Statutory Authority
Income Proof: Salary slips of last 3 months
Form 16 for last 2 years
Latest 6 months bank statement

For Self Employed

Age Proof: Aadhar card, Passport, Driving Licence, Telephone Bill, Ration Card, Election Card, Any other Certificate from Statutory Authority
Residence Proof: PAN Card, Passport, Any other Certificate from Statutory Authority
Income Proof: 3 years income tax returns
Accountant-certified balance sheets
Last 12 months bank account statement
Pertaining to business and ITR, such as proof of business existence
Approved sanction plan from the authority

Looking for Something else?

Contact Us

Apply Online

Use your computer or smartphone from the comfort of your home.

Request a Call

Speak with a Relationship Manager, who will help guide you through your requirement.

SMS PNBHFL

You can also type an SMS stating PNBHFL and send it to 56161

Talk to an Expert

You can connect with a our expert and share your financial requirements to 1800-120-8800

Apply Online

Use your computer or smartphone from the comfort of your home.

Request a Call

Speak with a Relationship Manager, who will help guide you through your requirement.

SMS PNBHFL

You can also type an SMS stating PNBHFL and send it to 56161

Talk to an Expert

You can connect with a our expert and share your financial requirements to 1800-120-8800

Home Construction Loan

Frequently Asked Questions

What documents are required for a home construction loan application?

Documents required include:

Personal Documents: KYC, income proof, bank statements
Property Documents: Title deed, survey settlement, land documents
Construction Documents: Approved building plan, construction estimate, contractor agreement
Approvals: Municipal approvals, environmental clearances if applicable

What is the home construction loan disbursement process?

Construction loans are disbursed in stages based on construction progress:

Stage 1: Plinth level completion
Stage 2: Roof level completion
Stage 3: Completion of walls and basic structure
Stage 4: Final completion and finishing
Each stage requires inspection and verification before disbursement

Does my income affect home construction loan eligibility?

Yes, your income directly impacts eligibility by determining:

Maximum loan amount: Based on your repayment capacity
EMI affordability: Typically should not exceed 50-60% of net income
Construction timeline: Adequate income ensures timely construction completion
Additional costs: Coverage for cost overruns during construction

What is the maximum tenure available for a home construction loan?

PNB Housing offers Home Construction Loans tailored to applicants' budgets and construction needs. With this loan, you can build your house with complete financial freedom and repay it within a flexible tenure of 30 years.

How is the interest calculated on a home construction loan?

Interest calculation follows two phases:

During Construction: Pre-EMI (interest-only) on disbursed amount
After Construction: Full EMIs (principal + interest) on the total disbursed amount
Interest is charged only on the amount disbursed, not the entire sanctioned limit

What is pre-EMI in a home construction loan?

Pre-EMI is the interest-only payment made during the construction period on the disbursed loan amount. Once construction is complete and the full loan is disbursed, regular EMIs (principal + interest) begin. This reduces the financial burden during the construction phase when the property is not generating any income.