PNB Housing Finance Limited (PNB Housing) is a registered housing finance company with National Housing Bank (NHB). Incorporated in 1988, PNB Housing is promoted by Punjab National Bank (PNB). PNB Housing provides housing loans to individuals and corporate bodies for purchase, construction, repair and upgradation of houses. It also provides loans for commercial space, loan against property and loan for purchase of residential plots.
Interest rates ranges from 8.75 to 11.00 % for self-employed business
In loan against property catagory, PNB generally finances maximum 60 % of the market value of the property.
Interest rates LAP against commercial property ranges from 10.00% to 10.50 % .
Interest rates LAP against residential property ranges from 9.75 to 10.25 %.
In lease rental discounting (LRD) category, PNB generally finances maximum 80 % of the total future rent receivable with tenure of up to 10 years.
Interest rates for LRD availed against residential property is around 9.75%.