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Loan Against Property

Interest Rate

 
Note: The below mentioned Interest rates and Floating Rates
Credit Score* Up to 50 Lakhs (Starting from) Above 50 Lakhs to 1 Crore (Starting from) Above 1 Crore (Starting from)
NTC Cibil ≤ 170 10.95% 10.85% 10.75%
NTC Cibil > 170 10.85% 10.75% 10.65%
Up to 650 11.05% 10.95% 10.85%
> 650 to ≤ 700 11.05% 10.95% 10.85%
> 700 to ≤ 725 10.40% 10.30% 10.20%
> 725 to ≤ 750 10.05% 9.95% 9.85%
> 750 to ≤ 775 9.90% 9.80% 9.70%
> 775 to 799 9.80% 9.70% 9.60%
≥ 800 to 825 9.70% 9.60% 9.50%
≥ 825 9.00% 8.85% 8.75%
Fixed Rate for Non-Home Loan – 15.25%

For NHL Fixed or Fixed + Floating rates

a. Lifetime Fixed: This plan ensures a fixed rate for the loan tenure.

b. Three-Year Fixed, then Floating: This plan offers a fixed rate for the first three years, after which it will be converted to a floating rate as per the sanction norms.

 All terms are subject to applicable regulations and internal guidelines.

*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 May 09, 2022 – 12.65% p.a.
PNBRRR & Previous PNBHFR


Frequently Asked Questions

What factors can help me reduce my loan against property interest rate?

Key ways to lower your loan against property interest rate include:

  • Keeping a high credit score.

  • Choosing a lower-risk property and stable income profile.

  • Opting for floating-rate plans or shorter loan tenures.

  • Maintaining a strong repayment record and meeting lender guidelines

What are the current mortgage loan rates?

The current mortgage loan rates begin from 9.00% at PNB Housing for top credit scores. Fixed or fixed-plus-floating options start from 10.00%. Special properties and new-to-credit (NTC) customers fall under separate rate slabs. All rates depend on lender policies.

What is the minimum CIBIL score required for a loan against property?

The minimum CIBIL score for loan against property is ideally 700 or above for better terms. However, lenders do offer loans below this mark. Rates are higher for scores under 700, and NTC customers are assessed separately. A higher score always leads to better approval chances and lower interest.

Can NRIs apply for a loan against property?

Yes, NRIs can apply for a loan against property. Eligibility depends on income stability, property type, and documentation. Banks may require overseas income proofs, co-applicants, or stricter checks. Interest rates follow the same structure, but terms may differ based on risk and regulatory guidelines.

How can I check my loan against property application status?

You can check your loan against property application status by:

  • Visiting the lender’s website and using the application tracking tool.

  • Calling customer support with your reference number.

  • Checking SMS or email updates sent by the lender during the process.