My sister was planning to buy a home in Delhi and for that, she needs a home loan. My grandfather asked her to check the PNB home loan interest rate for female. She talked with one of the Punjab National Bank employees to get the details regarding the same. Then I came to know that the home loan interest rates in PNB generally vary based on multiple factors. If you are also interested in knowing the interest rate for a home loan in PNB, I can help you out.
Get a home loan from NoBroker at the lowest interest rate hereWhat is the interest rate of home loan in PNB Bank for female?
There are multiple schemes available for the home loan that PNB Bank offers like PMAY (Pradhan Mantri Awas Yojana) and PNB Housing Loan. This scheme aims to encourage women to own homes and give them the financial assistance they need to do so.
However, there are 6 basic factors that influence the interest rate for these loans, like
Employment type: salaried or self-employed
Monthly income,
The amount of loan you require,
Type of interest rate (whether it’s a fixed or floating interest rate),
CIBIL score
Credit report
You need to ask your lender if having a woman as the main applicant can lower the interest rate. They can only tell you about the discount you may get on your home loan.
Generally, if you are a salaried or self-employed professional and hold a good credit score (i.e. greater than or equal to 825), then you will get the home loan at interest rates ranging from 8.75% to 9.25%.
If your CIBIL score is low, then the interest rate can go up to 10.85%. You can check the home loan interest rate in PNB from
pnbhousing.com/home-loan/interest-rates/
.
I hope you understood what is the PNB home loan interest rate for female. If you have any queries, drop a comment below.
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Authors Of The Question
What is the Interest Rate of Home Loan in PNB Bank for Female?
Kasturi Jain
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1 Year
2023-06-06T11:59:25+00:00 2024-02-01T18:50:33+00:00Comment
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