Loan against Property: Interest Rates

FLOATING RATE

Credit score
(any loan amount)
Loan Against Commercial Property Loan Against Residential Property (LAP) Loan against Plot/ Loan against Special Property*
(Residential/Commercial)
>= 800 9.25% to 9.75% 9.25% to 9.75% 11.50% to 12.00%
>775 to 799 9.40% to 9.90% 9.40% to 9.90% 11.50% to 12.00%
>750 to <=775 10.00% to 10.50% 10.00% to 10.50% 11.50% to 12.00%
> 725 to <=750 10.40% to 10.90% 10.40% to 10.90% 11.50% to 12.00%
> 700 to <=725 10.85% to 11.35% 10.85% to 11.35% 11.50% to 12.00%
> 650 to <=700 11.85% to 123.5% 11.85% to 12.35% 11..50% to 12.00%
upto 650 11.90% to 12.40% 11.90% to 12.40% 11.50% to 12.00%
NTC** Cibil >170 12.00% to 12.50% 12.00% to 12.50% 11.50% to 12.00%
NTC** Cibil <=170 11.85% to 12.35% 11.85% to 12.35% 11.50% to 12.00%

*Special property is defined as Educational Institutes/Hotels/Schools/Hospitals/Industrial sheds.

*Rates of interest are subject to change at the sole discretion of PNB Housing.

**NTC: New to credit

* The above rates of interest are subject to change at the sole discretion of PNB Housing

PNB Housing offers floating rate of interest, linked to its benchmark rate PNBHFR

PNBRRR (Retail reference rate) for all New Loans (Housing/ Non Housing) – on boarded after 9th May 2022 – 11.50% p.a.

Previous PNBHFR Series

  • PNBHFR Base Rate 2020 for new customers (loan disbursed) acquired on and after 25thSeptember 2020 : 12.50% p.a.
  • PNBHFR Series 4 for new customers (loan disbursed) acquired on and after 16thMarch 2020: 11.00% p.a.
  • PNBHFR Series 3 for new customers (loan disbursed) acquired on and after 01stJune 2019: 11.05% p.a.
  • PNBHFR Series 2 for new customers (loan disbursed) acquired on and after 6thMarch 2019: 11.40% p.a.
  • PNBHFR Series 1 for new customers (loan disbursed) acquired on and after 1stJuly 2018: 11.50% p.a.
  • PNBHFR Series 0 for existing customers (loan disbursed) between 1stMarch 2017 – 30th June 2018: 11.65% p.a.
  • PNBHFR for existing customers (loan disbursed) before 1st March 2017: 16.07% p.a.

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