Home loan rates · verified 23 Aug 2026
PNB Home Loan Interest Rate 2026
Punjab National Bank's home loan interest rate ranges from 7.20% to 10.25% p.a. (verified 23 Aug 2026 from pnb.bank.in). At 7.20%, a ₹50 lakh loan over 20 years costs ₹39,367 a month.
Best for central government employees and pensioners who can access PNB's concessional rates and branch network.
Starting rate
7.20% p.a.
#1 lowest of 8 banks we track
Highest published
10.25% p.a.
For weaker credit profiles
Fee on ₹50 lakh
₹17,700
Including 18% GST
Max tenure
30 years
10 – 15 working days
RBI raised the repo rate to 5.50% on 7 Oct 2026
PNB Home Loan EMI
Monthly EMI over 20 years at PNB's published rates, and at the starting rate plus the 0.25% repo hike.
| Loan amount | At 7.20% | At 10.25% | At 7.45% (after hike) |
|---|---|---|---|
| ₹25 lakh | ₹19,684 | ₹24,541 | ₹20,063 |
| ₹50 lakh | ₹39,367 | ₹49,082 | ₹40,127 |
| ₹75 lakh | ₹59,051 | ₹73,623 | ₹60,190 |
| ₹1 crore | ₹78,735 | ₹98,164 | ₹80,254 |
Reducing-balance EMI over 20 years (240 months), rounded to the rupee. Excludes processing fee and insurance. Your rate depends on your CIBIL score, income type and loan-to-value ratio.
₹50 lakh at 7.20%: what tenure costs you
| Tenure | EMI | Total interest | Total repaid |
|---|---|---|---|
| 10 years | ₹58,571 | ₹20,28,513 | ₹70,28,513 |
| 15 years | ₹45,502 | ₹31,90,421 | ₹81,90,421 |
| 20 years | ₹39,367 | ₹44,48,190 | ₹94,48,190 |
| 25 years | ₹35,979 | ₹57,93,829 | ₹1,07,93,829 |
| 30 years | ₹33,939 | ₹72,18,188 | ₹1,22,18,188 |
PNB's maximum home loan tenure is 30 years. A longer tenure lowers the EMI but adds interest; prepaying early in the loan saves the most.
PNB Home Loan Processing Fee with GST
PNB publishes its processing fee as 0.35% (min ₹2,500 · max ₹15,000). 18% GST is charged on top, and the fee is deducted from your disbursal, so it raises the true cost (APR) of the loan.
| Loan amount | Fee | GST (18%) | You pay |
|---|---|---|---|
| ₹25 lakh | ₹8,750 | ₹1,575 | ₹10,325 |
| ₹50 lakh | ₹15,000 | ₹2,700 | ₹17,700 |
| ₹75 lakh | ₹15,000 | ₹2,700 | ₹17,700 |
| ₹1 crore | ₹15,000 | ₹2,700 | ₹17,700 |
Capped at ₹15,000 before GST. Stamp duty, legal and valuation charges are extra.
How PNB Prices Against the Repo Rate
Every repo-linked loan is the RBI repo rate plus a spread the bank sets for you. The spread is what you actually negotiate, and under RBI's rules it stays fixed for the life of the loan unless your credit profile changes substantially. See spread and RLLR.
PNB's benchmark
Repo-linked lending rate
7.20%–10.25% p.a. Our verified data holds the rate range, not PNB's benchmark markup.
That is a spread of 1.95% to 5.00% over the repo rate. At today's 5.50% repo, the same spread gives 7.45%–10.50%.
| Bank | Lowest spread | Highest spread | Rate range |
|---|---|---|---|
| Bank of Baroda | +1.95% | +3.70% | 7.20% – 8.95% |
| PNB | +1.95% | +5.00% | 7.20% – 10.25% |
| SBI | +2.00% | Not published | 7.25% onwards |
| ICICI | +2.25% | +4.55% | 7.50% – 9.80% |
| Kotak | +2.35% | Not published | 7.60% onwards |
| HDFC | +2.50% | +7.95% | 7.75% – 13.20% |
| Axis Bank | +2.75% | +3.85% | 8.00% – 9.10% |
| Yes Bank | +3.40% | Not published | 8.65% onwards |
Spread = published rate minus the 5.25% repo rate on the verification date (23 Aug 2026). A lower spread means a cheaper loan whatever RBI does next.
PNB vs Other Banks
PNB's 7.20% starting rate is the lowest of the 8 banks we track (tied with Bank of Baroda). The next-lowest is 7.25%: on ₹50 lakh over 20 years, that gap is worth ₹36,322 in interest.
Before You Sign: PNB Home Loan Checks
Checks specific to this lender's published terms. Ask for the Key Facts Statement before you sign: RBI requires it to show every charge and the APR.
Check which end of the range you got
PNB's published spread runs from +1.95% to +5.00% over repo. If you were offered the top of that band, ask what would move you down: a higher CIBIL score, a lower loan-to-value or a salary account usually does.
Choose floating to keep prepayment free
PNB's prepayment terms: NIL (floating rate). RBI bars foreclosure charges on floating-rate home loans to individuals, so a fixed or hybrid rate gives that up.
Ask whether the fee is refundable if you are declined
PNB lists its fee as 0.35% (min ₹2,500 · max ₹15,000). Ask when it is collected and whether any of it comes back if the loan is not sanctioned or you do not draw it.
Insurance is optional: you can refuse it
PNB does not require home loan insurance. A single-premium policy added to the loan amount also accrues interest for the whole tenure. If you want cover, a separate term plan is usually cheaper.
Ask how often your rate resets
Repo-linked loans reset on a schedule, often quarterly. Ask PNB for the reset dates, and whether a rate change raises your EMI or extends your tenure by default.
More traps to watch for: loan red flags and the Key Facts Statement.
PNB Home Loan: All Terms
Every figure with its source. Last verified 23 Aug 2026.
| Term | PNB | Source |
|---|---|---|
| Interest rate | 7.20% – 10.25% p.a. | pnb.bank.in |
| Rate type & benchmark | Floating / Repo-linked (EBR) | pnb.bank.in |
| Processing fee | 0.35% (min ₹2,500 · max ₹15,000) | pnb.bank.in |
| Prepayment / foreclosure | NIL (floating rate) | rbi.org.in |
| Processing time | 10 – 15 working days | pnb.bank.in |
| Maximum tenure | 30 years | pnb.bank.in |
| Maximum loan amount | ₹10 Cr | pnb.bank.in |
| Insurance bundling | Optional | irdai.gov.in |
| Government schemes | Yes (PMAY-U 2.0) | pmay-urban.gov.in |
How we collect and check these numbers: methodology. We take no commission from PNB or any lender.
Frequently Asked Questions
What is the PNB home loan interest rate today?
PNB home loan rates range from 7.20% to 10.25% p.a. as verified on 23 Aug 2026 from pnb.bank.in. Those rates were set when the repo rate was 5.25%. RBI raised it to 5.50% on 7 Oct 2026, so expect PNB's repo-linked rates to start around 7.45% once it updates its card.
What is the PNB home loan EMI on ₹50 lakh for 20 years?
At PNB's starting rate of 7.20%, the EMI on ₹50 lakh over 20 years is ₹39,367 a month, with ₹44,48,190 paid in interest. At the top of its published range (10.25%) it is ₹49,082. After the 7 Oct 2026 repo hike, at 7.45%, it is ₹40,127.
What is the PNB home loan processing fee?
PNB charges 0.35% (min ₹2,500 · max ₹15,000). On a ₹50 lakh loan that is ₹17,700 including 18% GST.
Can I prepay my PNB home loan without charges?
PNB's published terms: NIL (floating rate). RBI rules bar foreclosure and part-payment charges on floating-rate home loans taken by individuals.
Is PNB cheaper than other banks for a home loan?
By starting rate, yes: PNB's 7.20% is the lowest of the 8 banks we track. Starting rates go to borrowers with strong credit scores, so compare the rate you are actually offered.
Work Out Your Own Numbers
Home Loan EMI Calculator
Plug in PNB's rate, your amount and tenure, plus fees and tax benefits.
Rate Predictor
Estimate the rate your credit profile is likely to get.
Home Loan Prepayment Calculator
See how much a part-payment saves on a floating-rate loan.
Affordability Checker
Check your FOIR before the bank does.
Other Banks' Home Loan Rates
Educational information, not financial advice or a loan offer. Rates are as published by Punjab National Bank on the verification date; your sanctioned rate depends on your credit profile. Confirm the final terms in the Key Facts Statement before you sign.