Commercial Property Purchase Loan: Interest Rates

FLOATING RATE

Credit Score
(Any loan amount)		 Loan for purchase of non-residential property (NRP)
>= 800 8.75% to 9.25%
>775 to 799 8.9% to 9.4%
>750 to <=775 9.5% to 10%
> 725 to <=750 9.9% to 10.4%
> 700 to <=725 10.35% to 10.85%
> 650 to <=700 11.35% to 11.85%
upto 650 11.4% to 11.9%
NTC** Cibil >170 11.5% to 12%
NTC** Cibil <=170 11.35% to 11.85%

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

**NTC: New to credit

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 : 12.00% p.a.
  • PNBHFR Series 4 for new customers (loan disbursed) acquired on and after 16thMarch 2020: 10.50% p.a.
  • PNBHFR Series 3 for new customers (loan disbursed) acquired on and after 01stJune 2019: 10.55% p.a.
  • PNBHFR Series 2 for new customers (loan disbursed) acquired on and after 6thMarch 2019: 10.90% p.a.
  • PNBHFR Series 1 for new customers (loan disbursed) acquired on and after 1stJuly 2018: 11.00% p.a.
  • PNBHFR Series 0 for existing customers (loan disbursed) between 1stMarch 2017 – 30th June 2018: 11.15% p.a.
  • PNBHFR for existing customers (loan disbursed) before 1st March 2017: 15.57% p.a.

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