PNB Housing Finance Ltd. Home Loans @Low Rate of Interest

As per today's Home Loan rates, there are very few lenders which offer low-interest rates. Many NBFCs are there or banks also offer interest rate but low rates of interest are offered by few.

PNB Housing Finance Ltd offers a low rate of interest on home loans. Also the less processing fees as compared to other lenders including government banks.

 
There are many factors that affect the rate of interest 

Loan Amount: Loan amount is one of the major factors that affect the rate of interest usually loan amount up to Rs 30 Lakh has low-interest rate as compared to loan amount up to Rs 30 Lakh.

Type Of Interest Rate: So, there are two types of interest rates: Floating and Fixed. In the case of fixes, the EMI remains the same for the entire tenure. Floating rates, on the other hand, change as per change in its lending rate.

Type Of Home Loan: There are many types of home loans offered by PNB Housing. So, regular home loans have the same or standard interest rate but some of its counterparts like plot loan or NRIs home loan have higher comparatively.

Type of Employment: The home loan interest rate for salaried is lower than the interest rate charged for self-employed professionals. Because the salaried person has a stable salary and is self -employed totally depends upon market conditions.

So, these are the factors that affect the interest rate and PNB Housing is offering home loans. You can check your monthly EMI by Home Loan EMI Calculator.

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