Home Loan

Interest Rate

Financing your new home purchase, construction or renovation has never been as easy as with PNB Housing.

We believe that your Home Loan interest rates should be as low and affordable as possible. Hence why we offer attractive Housing Loan interest rates for all applicants – whether salaried or self-employed.

*Note: PNB Housing offers Home Loans at floating interest rates.

Fulfill your dream of a home with the lowest interest rates offered by PNB Housing. Check out the table below for the current
Home Loan rates on offer, subject to your credit score.

Credit Score	HL Salaried (Up to 50 Lacs) (Starting from)	HL Non-Salaried (Up to 50 Lacs) (Starting from)
NTC Cibil ≤ 170	9.65%	9.95%
NTC Cibil > 170	9.55%	9.85%
Up to 650	9.75%	10.05%
> 650 to ≤ 700	9.75%	10.05%
> 700 to ≤ 725	9.10%	9.40%
> 725 to ≤ 750	8.75%	9.05%
> 750 to ≤ 775	8.60%	8.90%
> 775 to 799	8.50%	8.80%
≥ 800 to 825	8.40%	8.70%
≥ 825	7.75%	8.00%

Fixed Rate for Home Loan – 14.75%

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

**NTC: New to credit

Looking for a home loan amount higher than Rs. 35 lakh? No problem! PNB Housing offers attractive interest rate on home loans for
applicants who require a higher home loan amount. Check out the table below for more details and keep your home loan documents
ready for your application!

Credit Score	Salaried (Starting from)	Non -Salaried (Starting from)
NTC Cibil <=170	9.55%	9.85%
NTC Cibil >170	9.45%	9.75%
upto 650	9.65%	9.95%
> 650 to <= 700	9.65%	9.95%
> 700 to <= 725	9.00%	9.30%
> 725 to < =750	8.65%	8.95%
>750 to <=775	8.50%	8.80%
>775 to 799	8.40%	8.70%
>=800 to 825	8.30%	8.60%
>=825	7.60%	7.85%

Rate Card	HL Salaried (Above 1 Crore) (Starting from)	HL Non-Salaried (Above 1 Crore) (Starting from)
NTC Cibil ≤ 170	9.45%	9.75%
NTC Cibil > 170	9.35%	9.65%
Up to 650	9.55%	9.85%
> 650 to ≤ 700	9.55%	9.85%
> 700 to ≤ 725	8.90%	9.20%
> 725 to ≤ 750	8.55%	8.85%
> 750 to ≤ 775	8.40%	8.70%
> 775 to 799	8.30%	8.60%
≥ 800 to 825	8.20%	8.50%
≥ 825	7.50%	7.75%

Instant Loan in 3 minutes – Apply Now

Check your EMI

Tips to Avail of PNB Housing Low-Interest Home Loans

With so many factors affecting the housing loan interest rate in India, such as income, loan amount, employment type, CIBIL score, etc., customers can rest assured that they can improve their eligibility for a lower interest rate.

Here are some useful tips on how you can get your hands on the best possible home loan rates in India:

Increase your Down Payment and Tenure: Generally, a home loan amount of up to Rs. 35 lakh is available at a lower interest rate compared to higher loan amounts. Hence, try to pay as much as possible in a down payment in order to bring down your loan amount. Additionally, opt for a longer tenure, usually more than 15-20 to reduce your EMI burden.

Choose the Right Type of Interest Rate: While a fixed interest rate gives you a fixed EMI outlay for a fixed period, a floating interest rate will increase or decrease your tenure as per any volatility in the market rates of interest. Generally, the latter is slightly higher than the former. But fixed-interest home loans are rarely available in the market. Check with your lender to understand their interest rates.
Factor in Income and Employment Status: Make sure that the home loan applicant has a steady, sufficient income and is employed in a PSU or a reputed company to avail of attractive interest rates

Enhance your Credit Score: It goes without saying that if you have a 750+ credit score, then the lenders view your home loan eligibility more favourably. Hence, try to improve your creditworthiness before applying for a low-interest home loan.

Consider a Female Applicant: Did you know that many lenders provide a certain concession in interest rate to women home loan applicants? Check with your lender to know if making a female the primary applicant can help you get a lower housing loan interest rate.

Opt for a Home Loan Balance Transfer: A home loan balance transfer facility lets anyone with an existing home loan transfer the remaining amount to another lender offering more favourable terms. This is a great way to avail a lower home loan interest in the middle of your tenure.

Look out for Promos and Offers: Always keep your eyes peeled for any festive season offers, lender tie-ups or special promos when opting for a home loan. These offers often provide you with a slightly better home loan interest rate than the market.

Factors That Affect Home Loan Interest Rates

Everyone wants to get a home loan at an interest rate that is as low as possible. By entering the rate of interest you are eligible for in our home loan EMI calculator, you can get an accurate and instantaneous estimate of how much home loan interest you will have to pay. But all that depends on a myriad of factors – and can even be brought down to make the home loan more affordable for you!

Keep these 8 factors that affect your home loan interest rates in mind while negotiating a favourable interest rate on your home loan:

Income: Naturally, the amount and nature of your monthly income tell the lender a lot about your loan repayability. The more regular, stable and higher it is, the lower will be the risk associated with providing you with a home loan. Consequently, the lower will be your interest rate!
Loan Amount: Of course, all home loan calculations are made on how much loan amount you are opting for. That much can also be seen in the home loan EMI calculator! Generally, higher loan amounts may yield a higher interest rate.
Interest Rate Type: Another way you can influence the home loan interest rate is by choosing between a fixed interest rate and a floating interest rate. While the latter is subject to fluctuations, the former is often higher.
Credit Score: One of the most important home loan documents required at the time of loan processing is your credit report. Having a good credit history and score, i.e., usually, 750+ CIBIL score, makes you eligible for getting a lower home loan interest rate.
Type of Employment: Remember how we mentioned income as a factor? Well, the type of your income is also a big factor – namely employment type. As a rule of thumb, every lender has separate interest rate slabs for salaried and self-employed applicants. As a comparison, interest rates for salaried applicants are generally lower.
Type of Home Loan: Interest rates can also differ on the kind of home loan you want to take up. Compared to generic home loans, a specialised home loan like plot loans, land loans or top-up loans might result in a higher interest rate.

PNBRRR & Previous PNBHFR

PNBRRR for Customers (loan disbursed) acquired on and after May 22, 2022 is 13.15%
PNBHFR Series 5 Base Rate 2020 for new customers (loan disbursed) acquired on and after 25 September 2020 is as follows:

PNBHFR Home Loan – Salaried/Self-Employed Professionals: 13.00% p.a.

PNBHFR Home Loan – Businessmen/Self-Employed Non-Professionals: 13.50% p.a.

PNBHFR Series 4 for new customers (loan disbursed) acquired on and after Mar 16, 2020 is as follows:

PNBHFR Home Loan – Salaried/Self-Employed Professionals: 11.40% p.a.

PNBHFR Home Loan – Businessmen/Self-Employed Non-Professionals: 11.45% p.a.
PNBHFR Series 3 for new customers (loan disbursed) acquired on and after June 01, 2019 is as follows:

PNBHFR Home Loan – Salaried/Self-Employed Professionals: 11.75% p.a.

PNBHFR Home Loan – Businessmen/Self-Employed Non-Professional: 11.80% p.a.

PNBHFR Series 2 for new customers (loan disbursed) acquired on and after Mar 06, 2019 is as follows:

PNBHFR Home Loan – Salaried/Self-Employed Professional: 12.14% p.a.

PNBHFR Home Loan – Businessmen/Self-Employed Non-Professional: 12.20% p.a.
PNBHFR Series 1 for new customers (loan disbursed) acquired on and after July 01, 2018 is as follows:

PNBHFR Home Loan – Salaried/Self-Employed Professional: 12.25% p.a.

PNBHFR Home Loan – Businessmen/Self-Employed Non-Professional: 12.40% p.a.

PNBHFR Series 0 for existing customers (loan disbursed) between Mar 01, 2017 – June 30, 2018 is as follows:

PNBHFR Home Loan – Salaried/Self-Employed Professional: 12.35% p.a.

PNBHFR Home Loan – Businessmen/Self-Employed Non-Professional: 12.40% p.a.
PNBHFR for existing customers (loan disbursed) before Mar 01, 2017: 17.57% p.a.

Home Loan Interest Rate Related

Frequently Asked Questions

What is the maximum loan amount I can get from PNB Housing?

Eligible borrowers can avail up to 90% of the property’s market value, subject to the loan amount required, applicable National Housing Bank and Reserve Bank of India guidelines, and internal credit assessment.

What is the maximum tenure for a PNB Housing home loan?

The maximum repayment tenure is up to 30 years or until the borrower reaches 70 years of age, whichever is earlier.

Do RBI repo rate changes impact home loan interest rates?

Yes, repo rate changes can affect your home loan interest rate, especially if you have a floating interest rate loan. When the repo rate rises, lenders may increase rates, and when it falls, borrowing can become cheaper. This impacts EMI and tenure under types of home loan interest rates.

What is the current home loan interest rate?

The current home loan interest rate at PNB Housing starts from 8.25%* for salaried applicants with a high credit score. Rates vary by income type, credit score, and loan amount. The final pricing depends on eligibility and whether you choose fixed or floating home loan interest rate today.

What is the lowest home loan interest rate available today?

The lowest home loan interest rate offered by PNB Housing starts at 8.25% for salaried applicants with a credit score of 825 or above. Non-salaried applicants start at 8.55%. Rates depend on several factors, including credit score, income stability, and loan amount.

What should I look for when comparing best home loan interest rates?

When comparing the best home loan interest rates, check interest type, credit score requirements, fees, loan amount slabs, and lender policies. Compare floating and fixed options, EMI impact, and promotional offers. Always match the rate with your long-term affordability to get the basic home loan interest rate suited to you.

Does taking a joint home loan reduce the interest rate?

A joint loan may help reduce your home loan interest rate if the co-applicant has stronger income or credit score. Some lenders also offer concessions for female co-applicants. Improved eligibility often means better pricing, helping you secure one of the best home loan interest rates available.

What factors determine the home loan interest rate?

Your home loan interest rate depends on credit score, income type, employment stability, loan amount, and interest type. Higher credit scores and lower loan amounts can secure better pricing. Market conditions also impact floating types of home loan interest rates, which change as per lender policies.

How to reduce existing home loan interest rate?

To reduce home loan interest rate, improve your credit score, opt for a balance transfer, or negotiate using a strong repayment record. Choosing floating rates or adding a female co-applicant can also help. Check for seasonal offers to get better home loan interest rate today.

Are there tax benefits on home loan interest under Section 24?

Yes. Under Section 24, you can claim tax benefits on the home loan interest portion of your EMIs. Up to ₹2 lakh per year is allowed for self-occupied property. This helps reduce your overall tax burden while managing your loan efficiently.

Can I negotiate my home loan interest rate with the lender?

Yes, you can negotiate your home loan interest rate by showing a high credit score, stable income, and a clean repayment history. Comparing lenders and sharing competing offers may help you secure the best home loan interest rates. Strong eligibility always strengthens your bargaining power.

What is the approximate EMI for a ₹40 lakh home loan at current interest rates?

At a current home loan interest rate of around 8.25%–9%, a ₹40 lakh loan for 20 years would have an approximate EMI of ₹34,000–₹36,000. EMI may vary based on tenure and types of home loan interest rates chosen.

How does part-prepayment affect my EMI or loan tenure?

Part-prepayment helps reduce home loan interest rate burden by lowering your principal. Part-prepayment is particularly beneficial with floating-rate loans, and most lenders don't charge prepayment penalties on home loans.