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PNB Housing Loan


Interest Rates & Charges

PNB Housing Loan with low processing fees and low-interest rates. No hidden fees and 100% transparency are at the core of the loan, making it a seamless borrowing experience. 


Applicable Fees

Interest rate


PNB Housing Loan interest rate is determined based on the assessment of the business, financials, loan amount, and tenure. The interest rate starting from 7.5% annually would help you control costs and keep your EMIs manageable.


Processing charges


There is a small processing fee for loan processing, verification, and other administrative services. The processing fee is 0.5% of the loan amount, along with the applicable taxes.


Foreclosure Charges


Our Foreclosure charge is NIL.


Part-payment fee


Our part-payment fee is NIL.

PNB Housing Loan

Types of PNB Housing Loan Interest Rate

There are two kinds of PNB Housing Loan interest rates: fixed and floating.

Fixed Interest Rate

Here, the rate of interest charged on the PNB Housing Loan amount will remain constant throughout the loan repayment period. You know your PNB Housing Loan EMI obligation at the start of the tenor, allowing you to plan your monthly budget accordingly.

PNB Housing Loan
PNB Housing Loan

Floating Interest Rate

Here, PNB Housing Loan interest rates could change depending on changes to the Marginal Cost of Lending Rate (MCLR), which is the base rate set for banks by the RBI. With changes in MCLR, the interest rate on loans also gets revised. With a lower interest rate, the repayment amount also reduces. On the other hand, if the interest rates increase, your EMI obligation will also increase. A floating PNB Housing Loan interest rate makes it difficult for you to ascertain your monthly financial obligation.

PNB Housing Loan Interest Calculation Method

There are two methods to calculate interest: flat rate method and the reducing balance method.

In the flat interest rate method, the interest rate is based on the complete loan amount you pay during the repayment period. In case of reducing the balance method, the rate of interest on the PNB Housing Loan will be considered and calculated on the basis of the outstanding loan amount.

Flat Interest Rate Calculation

EMI = (principal + total interest payable) / loan tenure in months i.e. total interest payable = P x r x n/100

Where, ‘P’ is the principal loan amount, ‘r’ is the rate of interest, and ‘n’ is the loan tenure in months.

Floating Interest Rate Calculation

EMI = [P x r x (1 + r) ^n] / [(1 + r) ^(n-1)]

Where, ‘P’ is the principal loan amount, ‘r’ is the rate of interest, and ‘n’ is the loan tenure in months.

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