Official Rates • Updated Oct 2026Punjab National Bank Home Loan EMI Calculator 2026
PNB home loan interest rate 7.20% - 9.10% p.a., taken from PNB's official website. Calculate your monthly EMI, total interest, processing fee and full repayment schedule.
Interest Rate
7.20% - 9.10%
RLLR+BSP-0.90% to RLLR+BSP+1.00% (RLLR+BSP presently 8.10% p.a.)
Processing Fee
Housing Loan: Processing Fees* 0.35% of the loan amount Minimum- Rs. 2,500/ Maximum- Rs. 15,000/; Documentation Charges* Rs.1350/-. WAIVER OF PROCESSING/UPFRONT FEES AND DOCUMENTATION CHARGES UNDER "PNB UTSAV FESTIVITIES 2026" CELEBRATE DREAMS, CELEBRATE LIFE FROM 01.10.2026 TO 31.12.2026: Home Loan Upfront Fees / Processing Fees — Full waiver; Documentation Charges — Full waiver.
Check sanction letter
Max Funding (RBI LTV)
Up to 80%
Of property value at this loan size
Max Tenure
30 Years
360 monthly EMIs
₹
Fifty Lakhs rupees
₹1L₹10Cr
%
7.2%9.1%
years
1 year30 years
What is Pre-EMI Period?
For under-construction properties, you don't pay full EMI during construction. Only interest accumulates and is added to your loan amount. Full EMI starts after possession.
Monthly EMI
₹39.37 K
Principal Amount
₹50.00 LTotal Interest
₹44.48 LEMI Repayment Period
240 months (20 years)Total Amount Payable
₹94.48 LLoan Composition
240
Months to pay
Principal Amount
₹50.00 L
52.9%
Interest Amount
₹44.48 L
47.1%
Interest vs Principal Ratio
0.89x
You'll pay 0.89 times the principal as interest
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PNB Home Loan Interest Rate & Charges (2026)
Official PNB Rate Page| Interest Rate | 7.20% - 9.10% p.a. |
|---|---|
| Rate Benchmark | RLLR+BSP-0.90% to RLLR+BSP+1.00% (RLLR+BSP presently 8.10% p.a.) |
| Processing Fee | Housing Loan: Processing Fees* 0.35% of the loan amount Minimum- Rs. 2,500/ Maximum- Rs. 15,000/; Documentation Charges* Rs.1350/-. WAIVER OF PROCESSING/UPFRONT FEES AND DOCUMENTATION CHARGES UNDER "PNB UTSAV FESTIVITIES 2026" CELEBRATE DREAMS, CELEBRATE LIFE FROM 01.10.2026 TO 31.12.2026: Home Loan Upfront Fees / Processing Fees — Full waiver; Documentation Charges — Full waiver. |
| Maximum Tenure | 30 years (360 months) |
| Effective Date | RETAIL LOAN CAMPAIGN – "PNB UTSAV FESTIVITIES 2026" FROM 01.10.2026 TO 31.12.2026 |
These rates are from PNB's published home loan rate card. The rate within the range depends on your credit score, income and loan amount.
Rates last checked against the official PNB website on Oct 2026. Your actual rate depends on your credit score, income and the property.
PNB Home Loan Scheme-wise Rates
| Scheme / Segment | Interest Rate (p.a.) |
|---|---|
| Loan above Rs. 30 lacs, LTV<=80% - CIBIL 800 & aboveRLLR+BSP-0.90%; Fixed 8.20% (<=10y) / 8.70% (>10y) | from 7.20% |
| LTV<=80%, any amount - PNB Pride* / CIBIL 750 and aboveRLLR+BSP-0.85%; Fixed 8.25% / 8.75% | from 7.25% |
| LTV<=80%, any amount - CIBIL 700-749RLLR+BSP-0.30%; Fixed 8.80% / 9.30% | from 7.80% |
| LTV<=80%, any amount - CIBIL 600-699RLLR+BSP+0.90%; Fixed 10.00% / 10.50% | from 9.00% |
| Loan upto 30 lacs, LTV >80% upto 90% - PNB Pride* / CIBIL 750 and aboveRLLR+BSP-0.75%; Fixed 8.35% / 8.85% | from 7.35% |
| Loan upto 30 lacs, LTV >80% upto 90% - CIBIL 700-749RLLR+BSP-0.20%; Fixed 8.90% / 9.40% | from 7.90% |
| Loan upto 30 lacs, LTV >80% upto 90% - CIBIL 600-699RLLR+BSP+1.00%; Fixed 10.10% / 10.60% | from 9.10% |
| Home Loan (CRE category)ROI starting from 7.70% p.a. during campaign | from 7.70% |
| Home Loan (TL PNB Max Saver)starting from 7.35% p.a. during campaign | from 7.35% |
Compare PNB with Other Home Loan Lenders (2026)
Home loan rates from each lender's official website, sorted by lowest starting rate. EMI and fee columns use the loan amount and tenure from the calculator above.
Comparing for₹50,00,000 (240 mo)
Sort by:
| Lender | Interest Rate (p.a.) | Est. Monthly EMI | Calculated Processing Fee | Total Payable (incl. fees & interest) |
|---|---|---|---|---|
| 7.00% - 9.65% | ₹38,765 | Up to ₹14,750 | ₹93,18,350 | |
| 7.15% - 9.35% | ₹39,216 | Up to ₹17,700 | ₹94,29,540 | |
| 7.15% - 10.00% | ₹39,216 | Up to ₹11,800 | ₹94,23,640 | |
| 7.15% - 8.55% | ₹39,216 | Up to ₹29,50,000 | ₹1,23,61,840 | |
| 7.15% - 9.25% | ₹39,216 | For offline sanctions: (valid up to 31-03-2026) 50% waiver of processing charges For STP sanctions: (valid up to 31-03-2026) 100% waiver of processing charges | ₹94,11,840 | |
| 7.15% - 10.25% | ₹39,216 | Not published | ₹94,11,840 | |
| 7.20% - 9.10% | ₹39,367 | Housing Loan: Processing Fees* 0.35% of the loan amount Minimum- Rs. 2,500/ Maximum- Rs. 15,000/; Documentation Charges* Rs.1350/-. WAIVER OF PROCESSING/UPFRONT FEES AND DOCUMENTATION CHARGES UNDER "PNB UTSAV FESTIVITIES 2026" CELEBRATE DREAMS, CELEBRATE LIFE FROM 01.10.2026 TO 31.12.2026: Home Loan Upfront Fees / Processing Fees — Full waiver; Documentation Charges — Full waiver. | ₹94,48,080 | |
| 7.20% - 8.95% | ₹39,367 | Processing Charges effective from 01.04.2025 — Baroda Home Loan (All variants), For all channels: Loan amount upto Rs.50.00 lacs- 0.50%, Min: Rs.8,500/- and Max: Rs.15,000/- Loan amount greater than Rs.50.00 lacs- 0.25%, Min: Rs.8,500/- and Max: Rs.25,000/- Takeover: Flat Rs.8,500/- NOTE: Above Charges are excl. of GST. | ₹94,48,080 | |
| 7.20% - 8.30% | ₹39,367 | Not published | ₹94,48,080 | |
| 7.20% - 8.75% | ₹39,367 | Up to ₹23,600 | ₹94,71,680 | |
| 7.25% - 8.55% | ₹39,519 | Up to ₹17,700 | ₹95,02,260 | |
| from 7.25% | ₹39,519 | Up to ₹29,500 | ₹95,14,060 | |
| 7.25% - 9.25% | ₹39,519 | Upto 1.5% of the loan amount or Rs 10000/- whichever is higher (Rs 7500/- is non-refundable in case the disbursal has not been availed). The fee is inclusive of login fee. Login Fee Rs. 5000/- | ₹94,84,560 | |
| 7.25% - 10.65% | ₹39,519 | A nominal fee is charged at the application stage to cover various loan processing costs. | ₹94,84,560 | |
| 7.25% - 20.00% | ₹39,519 | Up to ₹2,36,000 | ₹97,20,560 |
Live figures calculated for ₹50,00,000 over 240 months. Rates and fee formulas sourced directly from each lender's official website (last verified 8 Oct 2026) and auto-refreshed. GST at 18% is added where charged by the lender.
PNB Home Loan EMI: Worked Example
₹50,00,000 at 7.2% p.a. for 20 years (updates with the calculator above)
Monthly EMI
₹39,367
Total Interest
₹44,48,080
Processing Fee
See rate card
Total Repayment
₹94,48,080
A rate just 0.5% higher raises this EMI to ₹40,893 and adds ₹3,66,240 in interest over the loan. That gap is why your credit score, and asking PNB to move you to its current lowest rate, matter so much.
Who a PNB Home Loan Suits Best
- Borrowers whose credit score and income qualify them for the starting rate of 7.2%.
- Existing PNB customers, who can often get faster processing or a fee waiver.
- Buyers who want a floating rate and plan to prepay, since floating-rate prepayment is penalty-free.
- Self-employed or informal-income borrowers, if PNB accepts your income documents when larger banks will not.
Who Should Compare First
- Borrowers with a 750+ score: compare the lowest rates in the table above before you accept an offer.
- Anyone offered a rate near the top of the 7.20% - 9.10% range: a 0.5% gap costs lakhs over 20 years.
- Buyers being pushed to take bundled home loan insurance: it is optional, and a separate term plan is often cheaper.
- Borrowers whose EMI would exceed about 40–50% of take-home pay: a smaller loan or longer tenure is safer.
Home Loan Eligibility
Typical norms across Indian lenders. Confirm PNB's exact criteria before applying.
- Age
- Usually 21–65 years, with the loan ending before 70–75
- Income
- Stable salary or business income; lenders keep total EMIs within about 50% of take-home pay
- Credit score
- 750+ for the best rates; 650–700 may still qualify at a higher rate
- Work history
- 2+ years' total experience (salaried) or 3 years of business with ITRs (self-employed)
- Property
- Clear, marketable title and approved building plan; the property is mortgaged to the lender
Documents Required
- Identity & address
- PAN (mandatory), Aadhaar, passport or voter ID
- Income (salaried)
- Last 3 months' salary slips, 6 months' bank statements, Form 16 or ITR for 2 years
- Income (self-employed)
- ITR with computation for 2–3 years, audited P&L and balance sheet, 12 months' bank statements
- Property
- Sale agreement, title deed chain, approved plan, encumbrance certificate, builder NOC and allotment letter for under-construction flats
- Payment proof
- Receipts for the down payment / own contribution already paid
How to Apply for a PNB Home Loan
- Check your credit report and fix errors before applying; every hard enquiry is recorded.
- Use the calculator above to pick an EMI you can comfortably pay, then apply online or at a PNB branch.
- Submit KYC, income and property documents, and pay the processing fee.
- PNB runs legal and technical checks on the property and issues a sanction letter. Compare its rate, fees and reset terms with other offers.
- Sign the loan agreement, register the mortgage, and the loan is disbursed to the seller or builder.
Home Loan Tax Benefits (2026)
From 1 April 2026 these deductions come under the Income-tax Act, 2025, with new section numbers. The limits are unchanged.
| Benefit | Section (old → new) | Old regime | New regime |
|---|---|---|---|
| Interest, self-occupied home | 24(b) → 22 | Up to ₹2 lakh a year | Not allowed |
| Interest, let-out home | 24(b) → 22 | Full interest against rent; loss set-off capped at ₹2 lakh | Allowed against rent only; loss cannot be set off |
| Principal repayment | 80C → 123 | Within the ₹1.5 lakh limit | Not allowed |
| Stamp duty & registration | 80C → 123 | Within the ₹1.5 lakh limit, in the year paid | Not allowed |
Interest on an under-construction home is claimed in five equal parts from the year construction is completed, within the same ₹2 lakh cap. Joint borrowers who are also co-owners can each claim their own limits.
After You Close the Loan
- Collect all original property documents and a no-dues certificate. RBI requires lenders to return them within 30 days of closure, or pay you ₹5,000 for each day of delay.
- Make sure the lender removes its charge from the CERSAI registry and, where registered, releases the mortgage at the sub-registrar.
- Check your credit report a month later to confirm the loan shows as closed.
- If a borrower dies before closure, the co-borrower or legal heirs settle the loan (or an insurance claim does), and the documents are returned to the legal heirs.
Punjab National Bank Home Loan FAQs
Common questions about PNB home loan interest rates, EMI, charges, prepayment and eligibility in 2026.
What is the PNB home loan interest rate in 2026?
PNB home loan interest rates are 7.20% - 9.10% p.a. as published on Punjab National Bank's official website (RETAIL LOAN CAMPAIGN – "PNB UTSAV FESTIVITIES 2026" FROM 01.10.2026 TO 31.12.2026). Rates are linked to RLLR+BSP-0.90% to RLLR+BSP+1.00% (RLLR+BSP presently 8.10% p.a.). The rate you are offered depends mainly on your credit score, income, loan amount and the property.
What is the EMI on a ₹50 lakh PNB home loan?
At PNB's starting rate of 7.2%, a ₹50 lakh home loan costs ₹39,367 a month for 20 years and ₹33,939 a month for 30 years. The longer tenure lowers the EMI but adds far more total interest. Use the calculator above to try your own numbers.
What processing fee does PNB charge on a home loan?
PNB's published home loan processing fee is: **Housing Loan: Processing Fees* 0.35% of the loan amount Minimum- Rs. 2,500/ Maximum- Rs. 15,000/; Documentation Charges* Rs.1350/-. WAIVER OF PROCESSING/UPFRONT FEES AND DOCUMENTATION CHARGES UNDER "PNB UTSAV FESTIVITIES 2026" CELEBRATE DREAMS, CELEBRATE LIFE FROM 01.10.2026 TO 31.12.2026: Home Loan Upfront Fees / Processing Fees — Full waiver; Documentation Charges — Full waiver.**. Legal, technical valuation and stamp duty charges are usually extra.
Can I prepay my PNB home loan without a penalty?
For floating-rate home loans taken by individuals, RBI does not allow banks and housing finance companies to charge any prepayment or foreclosure penalty. Fixed-rate loans and loans taken in a business's name can carry a charge, so check your sanction letter.
How much home loan can I get from PNB?
Two limits apply. First, RBI caps funding at 90% of the property value for loans up to ₹30 lakh, 80% for ₹30–75 lakh and 75% above ₹75 lakh, so you pay the rest as down payment. Second, lenders usually keep all your EMIs within about 50% of your monthly take-home income.
What CIBIL score do I need for the lowest PNB home loan rate?
Most lenders reserve their lowest home loan rates for scores of 750 and above, and many price in bands (for example 800+, 750–799, 700–749). Below 700, expect a higher spread or a smaller loan.
What happens to a PNB home loan if the borrower dies?
The loan does not disappear. Any co-borrower remains liable for the full outstanding amount. If there is a home loan insurance (term or credit life) policy, the insurer pays off the balance and the family keeps the house. Without insurance, the legal heirs must repay the loan or the lender can sell the property to recover it. Once the loan is closed, PNB returns the original property documents to the legal heirs.
Home Loan EMI Calculation Formulas
Understand the mathematical formulas used to calculate home loan EMI, interest, and principal components.
EMI = [P × r × (1 + r)^n] / [(1 + r)^n - 1]Example:
₹50,00,000 loan at 8.5% annual rate for 20 years
[50,00,000 × 0.00708 × (1 + 0.00708)^240] / [(1 + 0.00708)^240 - 1]
= ₹43,391
Variables:
P - Principal loan amount
r - Monthly interest rate (Annual rate ÷ 12)
n - Loan tenure in months
Interest = Outstanding Principal × Monthly RateExample:
First EMI with ₹50,00,000 outstanding at 0.708% monthly rate
50,00,000 × 0.00708
= ₹35,400
Variables:
Outstanding Principal - Remaining loan balance
Monthly Rate - Monthly interest rate
Principal = EMI - InterestExample:
First EMI of ₹43,391 with ₹35,400 interest
43,391 - 35,400
= ₹7,991
Variables:
EMI - Monthly EMI amount
Interest - Interest component of EMI
These formulas provide the mathematical foundation for the calculations. Actual results may vary based on rounding, compounding frequency, and specific lender policies.