Punjab National Bank Home Loan interest rates · November 2026
Your home loan at PNB.
Choose a scheme. Understand the rate. Explore your repayment.
What would I pay each month?
See scheme conditions Scheme selected for illustration. Check eligibility with the bank.
At 7.45%, you repay ₹96.3 lakh: ₹50 lakh borrowed and ₹46.3 lakh interest.
In the first 11 years, most of each EMI is interest. From year 12, most of it repays the loan.
Every 0.25% off the rate saves about ₹759 a month. Worth asking for.
Range estimate, not your approved offer. Excludes fees. Assumes the rate stays unchanged.
Scheme conditions & source
Understand this scheme
- Published rate
- 7.45% p.a.
- Rate type
- Floating
- Pricing published as
- RLLR − 0.90% + BSP
- Benchmark
- RLLR today: 8.35%
- Who it's for
- Credit score 800 and above · Loans above ₹30 lakh
Offer rate until 31 Dec 2026: During RETAIL LOAN CAMPAIGN – “PNB UTSAV FESTIVITIES 2026” CELEBRATE DREAMS, CELEBRATE LIFE FROM 01.10.2026 TO 31.12.2026
What still needs confirming
- Your eligible rate and the scheme's conditions
- Processing fees and other charges
- How often the rate resets, and to what
Effective date not stated · checked 15 Nov 2026
Compare PNB's home loan schemes
Different schemes have different conditions. Starting rates are not personalised quotes.
| Scheme | Published rate | EMI range* | Choose |
|---|---|---|---|
| PNB Housing Loan9 borrower bandsOffer until 31 Dec 2026 | 7.45%–9.35% | ₹40,127–₹46,118 | Selected |
| PNB Housing Loan (CRE)9 borrower bandsOffer until 31 Dec 2026 | 7.95%–9.85% | ₹41,667–₹47,755 |
*₹50 lakh over 20 years, before fees. Scheme names follow the bank's published wording.
Every home loan rate PNB publishes
18 rates across 2 schemes, by who each is for. Answer “About you” to see which apply to you.
| Scheme and band | Who it's for | Rate | EMI* | Use |
|---|---|---|---|---|
| PNB Housing LoanFor loan above Rs. 30 lacs LTV Ratio & · 800 & above | Credit score 800 and above · Loans above ₹30 lakh | 7.45% | ₹40,127 | |
| PNB Housing LoanIrrespective of Loan Amount LTV Ratio & · PNB Pride | As the band says | 7.50% | ₹40,280 | |
| PNB Housing LoanIrrespective of Loan Amount LTV Ratio & · 750 and above | Credit score 750 and above | 7.50% | ₹40,280 | |
| PNB Housing LoanIrrespective of Loan Amount LTV Ratio & · 700-749 | Credit score 700–749 | 8.05% | ₹41,978 | |
| PNB Housing LoanIrrespective of Loan Amount LTV Ratio & · 600-699 | Credit score 600–699 | 9.25% | ₹45,793 | |
| PNB Housing LoanLoan Amount upto 30 lacs LTV Ratio more than 80% but upto 90% · PNB Pride | Loans up to ₹30 lakh | 7.60% | ₹40,586 | |
| PNB Housing LoanLoan Amount upto 30 lacs LTV Ratio more than 80% but upto 90% · 750 and above | Credit score 750 and above · Loans up to ₹30 lakh | 7.60% | ₹40,586 | |
| PNB Housing LoanLoan Amount upto 30 lacs LTV Ratio more than 80% but upto 90% · 700-749 | Credit score 700–749 · Loans up to ₹30 lakh | 8.15% | ₹42,290 | |
| PNB Housing LoanLoan Amount upto 30 lacs LTV Ratio more than 80% but upto 90% · 600-699 | Credit score 600–699 · Loans up to ₹30 lakh | 9.35% | ₹46,118 | |
| PNB Housing Loan (CRE)For loan above Rs. 30 lacs LTV Ratio & · 800 & above | Credit score 800 and above · Loans above ₹30 lakh | 7.95% | ₹41,667 | |
| PNB Housing Loan (CRE)Irrespective of Loan Amount LTV Ratio & · PNB Pride | As the band says | 8.00% | ₹41,822 | |
| PNB Housing Loan (CRE)Irrespective of Loan Amount LTV Ratio & · 750 and above | Credit score 750 and above | 8.00% | ₹41,822 | |
| PNB Housing Loan (CRE)Irrespective of Loan Amount LTV Ratio & · 700-749 | Credit score 700–749 | 8.55% | ₹43,550 | |
| PNB Housing Loan (CRE)Irrespective of Loan Amount LTV Ratio & · 600-699 | Credit score 600–699 | 9.75% | ₹47,426 | |
| PNB Housing Loan (CRE)Loan Amount upto 30 lacs LTV Ratio more than 80% but upto 90% · PNB Pride | Loans up to ₹30 lakh | 8.10% | ₹42,134 | |
| PNB Housing Loan (CRE)Loan Amount upto 30 lacs LTV Ratio more than 80% but upto 90% · 750 and above | Credit score 750 and above · Loans up to ₹30 lakh | 8.10% | ₹42,134 | |
| PNB Housing Loan (CRE)Loan Amount upto 30 lacs LTV Ratio more than 80% but upto 90% · 700-749 | Credit score 700–749 · Loans up to ₹30 lakh | 8.65% | ₹43,867 | |
| PNB Housing Loan (CRE)Loan Amount upto 30 lacs LTV Ratio more than 80% but upto 90% · 600-699 | Credit score 600–699 · Loans up to ₹30 lakh | 9.85% | ₹47,755 |
*₹50 lakh over 20 years, before fees. Band names are the bank's own; “who it's for” is what they state.
How PNB compares
Each bank's lowest published rate, and what the same loan would cost a month there. Before charges.
The rates PNB's loans are linked to
A floating loan's rate is one of these plus a spread fixed when you borrow. When it moves, your EMI or your term moves at the next reset.
MCLR by reset period · from 1 Nov 2026
| Reset period | Compared | MCLR |
|---|---|---|
| Overnight | 8.10% | |
| 1 month | 8.35% | |
| 3 months | 8.60% | |
| 6 months | 8.75% | |
| 1 year | 8.90% | |
| 3 years | 9.20% |
A loan on MCLR resets at the end of its period, most often one year, to the MCLR then plus its spread. If yours is still on MCLR, you can ask to move it to the repo-linked rate.
| Older benchmark | Rate | Effective from |
|---|---|---|
| Base rate | 9.50% | 1 Jul 2026 |
| Benchmark prime lending rate (BPLR) | 14.00% | 1 May 2012 |
Loans taken before April 2016 may still be linked to these.
Official Checked 15 Nov 2026 · Bank's own page
PNB home loan: questions borrowers ask
Which PNB home loan scheme has the lowest rate?
PNB Housing Loan, from 7.45% a year (priced as RLLR − 0.90% + BSP). Punjab National Bank publishes 2 home loan schemes we read; each has its own conditions, so check which you qualify for.
What is the PNB home loan interest rate?
As of 15 Nov 2026, Punjab National Bank publishes home loan rates of 7.45% to 9.85% a year (floating). The lowest, 7.45%, is for: For loan above Rs. 30 lacs LTV Ratio & · 800 & above. The rate you are offered depends on your credit score, income and the loan amount.
What is the EMI on a ₹50 lakh home loan from PNB?
At PNB's lowest published rate of 7.45%, a ₹50 lakh home loan over 20 years costs about ₹40,127 a month, or ₹46,30,464 in interest over the loan. Charges and insurance are extra.
Are PNB loans linked to the repo rate?
Punjab National Bank's repo-linked lending rate (RLLR) is 8.35% from 8 Oct 2026. Floating retail loans are priced from it, plus a spread fixed when you borrow.
What is PNB's MCLR?
Punjab National Bank's 1-year MCLR is 8.90%, effective 1 Nov 2026. Loans taken between 2016 and 2019 and many business loans are linked to it.
Is PNB cheaper than other banks for a home loan?
Of the 8 banks we read for home loans, PNB's lowest published rate (7.45%) ranks number 5; the lowest is 7.25% at Central. Compare the charges as well as the rate.
Does RateScan get paid by PNB?
No. We take no referral fees, show no ads and don't take loan applications. Every figure is read from the bank's own page, which is linked from every scheme.
More from PNB
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How we collect loan rates
From the bank's own pages. Every figure is read from the lending-rate page the bank publishes, and links back to it. Benchmarks are re-read every day.
A published rate is not an offer. Banks set your rate from your credit score, income, the loan amount and the property or vehicle. We show the range the bank publishes; "7.60% onwards" means the bank gave no top figure.
Benchmark plus spread. A floating loan's rate is the bank's benchmark (its repo-linked rate, or MCLR for older loans) plus a spread fixed when you borrow. When the benchmark moves, your rate moves with it at the next reset.
The EMI is worked out on a reducing balance with monthly instalments: EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where r is the yearly rate ÷ 12 and n the number of months. It leaves out processing charges and insurance.
No referral fees. We don't take loan applications or get paid by lenders, so the order is the order.
Independent. No referral fees. Official sources.
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