PNB · public sector bank
Punjab National Bank home loan interest rate today
Punjab National Bank publishes home loan interest rates from 7.45% for new loans (checked 18 Oct 2026). Its floating rate follows the RBI repo rate, now 5.50%. To move an existing loan to a lower rate with PNB, the fee is about ₹23,600 with GST on a ₹50 lakh loan, an estimate: PNB does not publish it.
Checked 18 Oct 2026 · PNB's rate page
- Rate for new loans
- From 7.45%
- On PNB's site
- RBI repo rate
- Follows it
- Repo now 5.50%
- Fee to lower rate
- ₹23,600 est.
- ₹50 lakh loan, with GST
- Checked
- 18 Oct
- 2026
Rates for new loans
- Score 800 and above, loans above ₹30 lakh7.45%
- Score 750 and above7.50%
- Score 700 to 7498.05%
- Score 600 to 6999.25%
Stated as valid till 31 Dec 2026.
Source: pnb.bank.in · checked 18 Oct 2026 · from the official website
How the rate moves
PNB's floating home loan rate follows the RBI repo rate through its RLLR + BSP (repo-linked), so it moves when the RBI changes the repo rate.
Follows the RBI repo rate (RLLR). Festival campaign rates run 1 Oct to 31 Dec 2026.
How to ask PNB for a lower rate
If you already have a loan with PNB, you can ask it in writing to move you to its current rate. It is a request, and the lender decides.
- Submit a rate-reset request at your PNB retail asset branch.
- Attach your latest credit report if your score has moved into a better band.
- Ask for written confirmation of the fee and an SR number.
These steps are what borrowers report; PNB's own site does not set them out. Ask your branch to confirm.
The fee: about ₹23,600 with GST on a ₹50 lakh loan. Not published on the pages checked. Figures are indicative; ask the branch for the written fee.
Paying off early
For loans sanctioned or renewed on or after 1 January 2026, no bank, NBFC or housing finance company may charge for part or full pre-payment of a floating-rate loan taken by an individual for non-business purposes, whatever the source of funds and with no lock-in. Older floating-rate home loans were already protected by RBI's 2012 and 2014 circulars (banks) and NHB directions (HFCs). Any charge not written in your sanction letter or Key Facts Statement cannot be levied.
Where to complain
Complain to PNB first and keep the reference number it gives you.
If there is no reply within 30 days, or the reply does not satisfy you, you can complain to the RBI Ombudsman for free within 90 days after that (or after the lender's last reply, if later): online at cms.rbi.org.in, by email to [email protected], or by post.
After PNB, the next step is the RBI Ombudsman. It is free and you do not need a lawyer.
Questions people ask
What is Punjab National Bank's home loan interest rate today?
Punjab National Bank publishes home loan interest rates from 7.45% for new loans (checked 18 Oct 2026). The rate you get depends on your credit score and loan, and PNB decides the final rate.
Does Punjab National Bank's home loan rate change when the RBI changes the repo rate?
PNB's floating home loan rate follows the RBI repo rate through its RLLR + BSP (repo-linked), so it moves when the RBI changes the repo rate. Follows the RBI repo rate (RLLR). Festival campaign rates run 1 Oct to 31 Dec 2026.
How do I get a lower rate on my existing Punjab National Bank home loan?
Ask PNB in writing to move your loan to its current rate. Submit a rate-reset request at your PNB retail asset branch. Attach your latest credit report if your score has moved into a better band. Ask for written confirmation of the fee and an SR number. The fee is about ₹23,600 with GST on a ₹50 lakh loan, an estimate: PNB does not publish it. A lower rate is a request: the lender decides.
Can Punjab National Bank charge me for paying off my home loan early?
No, not on a floating-rate home loan. For loans sanctioned or renewed on or after 1 January 2026, no bank, NBFC or housing finance company may charge for part or full pre-payment of a floating-rate loan taken by an individual for non-business purposes, whatever the source of funds and with no lock-in. Older floating-rate home loans were already protected by RBI's 2012 and 2014 circulars (banks) and NHB directions (HFCs). Any charge not written in your sanction letter or Key Facts Statement cannot be levied.
Where do I complain if Punjab National Bank does not reply?
Complain to PNB first through its complaints page ([email protected]). If there is no reply within 30 days, or the reply does not satisfy you, you can complain to the RBI Ombudsman for free within 90 days after that (or after the lender's last reply, if later): online at cms.rbi.org.in, by email to [email protected], or by post.
Compare with other lenders
- Bank of Barodafrom 7.40%
- Canara Bankfrom 7.40%
- State Bank of Indiafrom 7.50%
- Union Bank of Indiafrom 8.35%
Moving your loan to PNB from another lender: a processing fee of about ₹10,030 with GST on a ₹50 lakh loan, an estimate: PNB does not publish it, plus stamp duty in some states.
Words on this page
- RBI repo rate:
- the rate the Reserve Bank of India sets for lending to banks. Many home loan rates move with it.
- RLLR:
- Repo Linked Lending Rate: a bank rate that follows the RBI repo rate.
- BSP:
- business strategy premium: a margin the bank adds on top.
- SR number:
- service request number: the reference the bank gives your request. Keep it.
- GST:
- Goods and Services Tax: 18% on bank fees.