Loan against Property: Interest Rates

FLOATING RATE

Below rates are applicable from 01-06-2020

Credit Score
(any loan amount)
Loan Against Commercial Property Loan Against Residential Property (LAP) Loan Against Plot/ Special Property
Credit Score less than zero 10.35% – 10.85% 10.25% – 10.75% 10.75% – 11.25%
upto 650 10.35% – 10.85% 10.25% – 10.75% 10.75% – 11.25%
> 650 to < 700 10.25% -10.75% 10.10% – 10.60% 10.75% – 11.25%
> 700 to < 750 10.00% – 10.50% 9.90% -10.40% 10.75% – 11.25%
> 750 to < 800 10.00% – 10.50% 9.90% -10.40% 10.75% – 11.25%
>= 800 9.90% – 10.40% 9.80% – 10.30% 10.75% – 11.25%

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

*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:

PNBHFR for existing customers (loan disbursed) before 1st March 2017: 14.87% 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: 9.75% p.a.

PNBHFR Series 3 for new customers (loan disbursed) acquired on and after 01st June 2019 : 9.70% p.a.

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