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MCLR PNB Housing Finance Limited

Updated as on October 25, 2018

Tenor MCLR
One year 14.35%

The Effective PNB Housing Finance Limited Home Loan Interest Rates based on MCLR

Plans Women Men
PNB Term Loan [ New Interest Rate effective October 25, 2018 ]
UP to 30 Lakhs
Salaried, Floating 9 % 9 %
Self-Employed, Floating 9.25 % 9.25 %
30 Lakhs to 75 Lakhs
Salaried, Floating 9.1 % 9.1 %
Self-Employed, Floating 9.35 % 9.35 %
75 Lakhs and above
Salaried, Floating 9.2 % 9.2 %
Self-Employed, Floating 9.5 % 9.5 %
PNB 1/2/3 Year – Fixed Interest Rate [ New Interest Rate effective August 14, 2018 ]
0 to 30 Lakhs
Salaried, Fixed 9 % 9 %
Self-Employed, Fixed 9.5 % 9.5 %
30 to 75 lakhs
Salaried, Fixed 9 % 9 %
Self-Employed, Fixed 9.5 % 9.5 %
75 Lakhs and above
Salaried, Fixed 9 % 9 %
Self-Employed, Fixed 9.5 % 9.5 %
PNB 5 Year Fixed Interest Rate [ New Interest Rate effective August 14, 2018 ]
Up to 30 Lakhs
Salaried, Fixed 9.25 % 9.25 %
Self-Employed, Fixed 9.75 % 9.75 %
30 to 75 Lakhs
Salaried, Fixed 9.25 % 9.25 %
Self-Employed, Fixed 9.75 % 9.75 %
75 Lakhs and above
Salaried, Fixed 9.25 % 9.25 %
Self-Employed, Fixed 9.75 % 9.75 %
PNB Unnati Home loan [ New Interest Rate effective October 25, 2018 ]
Up to rs.25 Lakhs
Salaried, Floating 10.75 % 10.75 %
Self-Employed, Floating 12 % 12 %

Source: pnbindia.in

FAQ's


Marginal Cost of funds based Lending Rate (MCLR) is a system of calculating the interest rate on loans given out by banks. MCLR has been introduced by Reserve Bank of India to make the interest rates on loans in-sync with the market conditions. Previously, Interest Rate was calculated on Base Rate system. Interest Rate = MCLR + Spread
We are still in the early stages of the MCLR system and we do not yet know if it is a good idea to switch to this system. The option of switching will only be available to people who have taken a loan before 31st March 2016 as they will continue on Base Rate. All loans taken after 1st April will be automatically given on MCLR. If you need more information on this, you can read Base Rate v/s MCLR: Should you switch your home loan to MCLR.