Commercial Property Purchase Loan: Interest Rates

FLOATING RATE

Below rates are applicable from 23rd May’22

 

Credit Score
(Any loan amount)		 Loan for purchase of non-residential property (NRP)
>= 800 7.99% to 8.49%
>775 to 799 8.70% to 9.20%
>750 to <=775 8.70% to 9.20%
> 725 to <=750 8.95% to 9.45%
> 700 to <=725 9.40% to 9.90%
> 650 to <=700 10.50% to 11.00%
upto 650 10.50% to 11.00%
NTC** Cibil >170 10.50% to 11.00%
NTC** Cibil <=170 10.50% to 11.00%

*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

PNBHFR for existing customers (loan disbursed) before 1st March 2017: 14.57% p.a.

PNBHFR Series 0 for existing customers (loan disbursed) between 1st March 2017 – 30th June 2018 : 10.15% p.a.

PNBHFR Series 1 for new customers (loan disbursed) acquired on and after 1st July 2018 : 10.00% p.a.

PNBHFR Series 2 for new customers (loan disbursed) acquired on and after 6th March 2019 : 9.90% p.a.

PNBHFR Series 3 for new customers (loan disbursed) acquired on and after 01st June 2019 : 9.55% p.a.

PNBHFR Series 4 for new customers (loan disbursed) acquired on and after 16th March 2020 : 9.50% p.a.

PNBHFR Base Rate 2020  for new customers (loan disbursed) acquired on and after 25th September 2020 : 11% p.a.

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