Punjab National Bank Home Loan Interest Rates

As of 2026-11-03, Punjab National Bank home loan interest rates range from 7.45% to 9.35% per annum. The exact rate offered depends on the borrower's credit score, loan amount, tenure, employment category (salaried or self-employed), and the property's location. MoneyKarma checks your live eligibility across Punjab National Bank and 40+ other lenders and shows you the lowest rate you actually qualify for.

Punjab National Bank typically requires applicants to be Indian residents aged 21 to 65 (salaried) or 21 to 70 (self-employed), with at least 2 to 3 years of continuous employment or business vintage, a minimum monthly income that varies by city (usually ₹25,000 and above for metros), and a credit score of 700 or higher for the best rates. Loan amounts up to ₹5 crore are sanctioned based on repayment capacity, typically 50 to 60 percent of net monthly income.

Punjab National Bank charges a processing fee of up to 0.35% of the sanctioned loan amount, subject to a minimum of ₹5,000 and a maximum of ₹15,000. Additional costs typically include GST on the processing fee, legal and technical verification charges (usually ₹5,000 to ₹15,000), documentation charges, and stamp duty on the mortgage deed (varies by state). MoneyKarma negotiates processing fee waivers on most Punjab National Bank loans sourced through our advisors.

Yes. Punjab National Bank accepts balance transfers from other banks and housing finance companies. The new loan tenure can go up to 30 years, subject to the property's remaining useful life and the borrower's retirement age. Balance transfer is worthwhile when the rate saving is at least 0.50 percent and the remaining tenure is more than 5 years. MoneyKarma runs a free balance-transfer benefit analysis that accounts for processing fees, legal costs, and net interest saved over the full tenure.

Under Reserve Bank of India rules, Punjab National Bank does not levy prepayment or foreclosure charges on floating-rate home loans taken by individual borrowers. On fixed-rate home loans, Punjab National Bank may charge up to 2 percent of the prepaid amount. Partial prepayment is allowed any number of times with no minimum amount on floating-rate loans, and either reduces your EMI or shortens your tenure — MoneyKarma recommends choosing tenure reduction for maximum interest savings.

Punjab National Bank is one of India's home loan providers with rates starting at 7.45%. To get the best deal, compare against SBI, HDFC Bank, ICICI Bank, Axis Bank, and Bank of Baroda using current offers. The lowest headline rate is not always the lowest effective cost — processing fees, MODT stamp duty, and rate-reset behaviour differ materially. MoneyKarma's rate-comparison tool ranks offers by total cost of ownership over your chosen tenure.