The interest rate on a home loan depends on several factors, such as the desired loan amount, CIBIL score, and tenure of the loan. Submit the details of the loan requirement to the banks for knowing the chargeable interest rate on the home loan. PNB Housing provides the easily accessible home loan facility at nominal interest charges. The low home loan interest rate allows the borrower the flexibility and greater opportunity to fulfill the dream. Choose the right home loan offer for your dream home with the lowest interest charges. Get the quick disbursement of the loan amount with a flexible verification process.
What is the home loan interest rate?
Home loan interest is the cost of availing a loan that a borrower pays to the lender to buy or reconstruct a home. It is estimated over the borrowed amount and represented as a percentage. The EMI (equated monthly installments) is calculated based on home loan interest, and the borrower has to repay the loan by paying EMI.
Low-Interest Home Loans at PNB Housing
Housing Loan for the Public:
This loan is available for any construction of a house or flat or renovation or repair at an attractive rate of interest. The home loan interest rate applicable on advances to MCLR is 8.60% and RLLR is 9.00%. This loan is offered to all individuals having a regular source of income.
PNB Max Saver Housing Finance Scheme for Public:
This variant of the facility offers the borrower the ability to deposit the surplus fund in an overdraft account and withdraw it anytime as per preference. This loan can be available for buying housing construction, flats except plots or lands. The deposit in the overdraft account reduces the interest component of the borrower payable on the loan amount. The home loan interest rate typically falls for RLLR + BSP at 8.35%.
PNB Gen-Next Housing Loan:
This loan facility can be availed by any salaried person having a net monthly salary of Rs. 35,000. One can purchase any ready-to-move flat or house with this loan facility. The bank charges interest on loans at 8.35% (RLLR+BSP). However, the age limit of the borrower is restricted to 40 years.
Home loan for PNB Pride Customer:
The existing PNB customers can avail this facility by attractive concession on home loan interest rates over RLLR + BSP of 8.35%. Additionally, borrowers can enjoy the waiver on processing fees and documentation. All central or state government employees or defense personnel can apply for this loan, and the base
PNB Housing is one of the most trusted housing finance companies, providing home loans at the lowest interest rate considering the borrower’s credit profile. The individual must qualify for the basic eligibility criteria for each category of home loan. It follows quick home loan processing and disbursement that makes you plan in a simple way for your dream home. Whether you are a salaried or self-employed person, you can avail yourself of its range of home loan products at attractive rates. Apply for a home loan to make residential property with PNB Housing Finance and enjoy the lowest cost of EMI.