Applicant should have any Professional Degree/ Post Graduate Degree/ Diploma/ ITI, etc.

Applicant should be an employee of local & stable business entity like restaurant, petrol pump, garments shop, jewellery shop, etc. The employer can be in the business of proprietorship/ partnership/ limited company/ private limited/ trust, etc.

Applicant should be earning a fixed minimum monthly income of Rs. 10,000

The maximum age of the applicant should not above 70 years at loan maturity (if salaried) and 65 years (if self-employed professional or non-professional).

Interest Rate, Processing Fee and Other Charges

The current PNB Housing Home Loans interest rates are

Home Purchase Loan/ Home Construction Loan/ Home Extension Loan/ Home Improvement Loan:

7.10% – 7.90% (for salaried individuals & self-employed professionals)

7.95% – 9.75% (for businessmen & self-employed non-professionals)

Residential Plot Loan/ Loan for NRIs:

8.90% – 9.40% (for salaried individuals & self-employed professionals)

8.95% – 9.45% (for businessmen & self-employed non-professionals)

Unnati Home Loans:

10.75% (for salaried individuals & self-employed professionals)

12% (for self-employed non-professionals)

Processing fees

Up to 1% of the sanctioned loan amount + applicable taxes

Other charges

Prepayment charges:

NIL for floating rate of interest loan (for individual borrower)

2% of principal amount prepaid + applicable taxes for floating rate of interest loan (for non individual borrower being applicant/ co-applicant).

3% of principal amount prepaid + applicable taxes for fixed interest rate loan (for individual borrower and non individual borrower being applicant/ co-applicant).

NIL for fixed interest rate loan (for prepayment by own source except borrowing from a bank/ NBFC/ HFC/ any financial institution).

Charges for statement of account: Rs. 200 + applicable taxes

Charges for change of repayment mode (PDC to PDC/ NACH to NACH): Rs. 500 + applicable taxes

EMI payment fee for not submitting PDC or NACH Mandate Form: Rs. 500 + applicable taxes (per transaction).

Charges for loan preclosure statement/ list of original or photocopy of property documents: Rs. 500 + applicable taxes.

Fee for the return of Cheque/ NACH Mandate Form: Rs. 500 + applicable taxes

CERSAI Fees for loans disbursed before 31.01.2016: Rs. 500 + applicable taxes

CERSAI Fees for loans disbursed after 31.01.2016: Rs. 100 + applicable taxes

Fee for conversion of interest rate from floating to floating or floating to fixed: 0.50% of principal amount outstanding + applicable taxes.

Fee for conversion of interest rate from fixed to floating: 2% of principal amount outstanding + applicable taxes.

Overdue charge: 2%/ month on overdue amount to be paid + applicable taxes