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Punjab National BankHome LoansRLLR + 0.10% spread

PNB Max Saver Housing Loan

Direct RLLR linked rate at 8.10% (RLLR 8.00% + 0.10% BSP) · PNB Max Saver overdraft facility against home loan · Zero prepayment charges for individual floating rate loans

Starting rate8.10%p.a. onwards
Max LTV90%Asset value
Max tenure30 years360 months
Customize this example for your borrowing needs.
Customize repaymentApply on Punjab National BankBank site · opens in a new tab
Mathematical Grounding

True Cost & Day-1 Cash Breakdown

Representative scenario for ₹50,00,000 loan over 20 years at CIBIL 750+.

Day-1 Upfront Cash Outflow₹25,200

This cash must be paid out-of-pocket before disbursement and is not added to your loan EMI.

Processing Fee₹15,000
18% GST₹2,700
Legal & Valuation₹7,500
Estimated Monthly EMI₹42,134Per month for 240 installments
Total Lifetime Interest₹51,12,160Net interest outgo over 20 years
Total Lifetime Outgo (Principal + Interest + Day-1 Cash):₹1,01,37,360
CredSutra Intelligence

Decision Verdict & Mathematical Edge

Our algorithmic evaluation balances starting benchmark spreads against upfront processing loads and fine print restrictions.

Maths for it

  • +Industry-leading starting rate of 8.10% p.a., keeping lifetime interest outgo competitive.
  • +Overdraft facility available: Park surplus liquidity to reduce daily interest liability without lock-in.
  • +RBI-mandated 0% prepayment penalty: Accelerate principal amortization without exit penalties.

Maths against

  • −Processing fee of 0.35% (cap ₹15,000) + 18% GST adds to initial disbursement overhead.
  • −Self-employed applicants face a +20 BPS (0.20%) risk adjustment spread over base card rates.
Customize this scenario
Credit Score Sensitivity

CIBIL Tier Rate Ladder

Self-employed risk loading: +20 BPS
CIBIL score bandBorrower tierIndicative salaried rateIndicative self-employed rateEst. monthly EMI (₹50,00,000)
750 – 900Prime borrower8.10% – 8.50%8.30% – 8.70%₹42,134
700 – 749Good standing8.50% – 9.00%8.70% – 9.20%₹43,391
650 – 699Standard / fair9.00% – 9.50%9.20% – 9.70%₹44,986
Contract Details

Contract Fine Print & Clauses

Rate Reset Frequency

Reset on 1st of the month following RBI Repo rate revision

Overdraft / Smart Saver Facility

Available (Enables interest reduction on parked savings)

RBI 0% Foreclosure Penalty Mandate

Under RBI Master Directions, no bank, HFC, or NBFC can charge prepayment penalties or foreclosure charges on floating rate term loans sanctioned to individual borrowers.

Bank notes: Nil foreclosure charges for individual borrowers on floating rates per RBI mandate.

Borrower Verification

Eligibility Highlights

  • Resident Indian / NRI
  • Age 21-70 years
  • Salaried or self-employed with regular income
Loan amount range

₹5,00,000 up to ₹10,00,00,000

Lender Alternatives

Compare alternatives in Home Loans

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Canara Bank

Canara Bank Housing Loan

Starting at 7.15% p.a.
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State Bank of India

SBI Regular Home Loan

Starting at 8.40% p.a.
Read review
Bank of Baroda

Bank of Baroda Baroda Home Loan

Starting at 8.40% p.a.
Read review

Frequently Asked Questions

What is the current interest rate and benchmark spread for PNB Max Saver Housing Loan?
PNB Max Saver Housing Loan offers interest rates starting from 8.10% up to 9.50% p.a., structured as RLLR + 0.10% spread.
Are there prepayment or foreclosure charges on PNB Max Saver Housing Loan?
Under RBI Master Directions, banks and lending institutions are strictly prohibited from charging prepayment or foreclosure penalties on floating-rate retail loans to individual borrowers. Nil foreclosure charges for individual borrowers on floating rates per RBI mandate.
What is the Day-1 upfront cash requirement for PNB Max Saver Housing Loan?
For a representative principal of ₹50,00,000, the total Day-1 upfront cash outflow is approximately ₹25,200, comprising ₹15,000 processing fee + ₹2,700 GST (18%) + ₹7,500 estimated legal and valuation inspection charges.

These loan records do not include a verification date. Check the lender’s current terms before applying.

Official Sources & Citations
Sources
  • pnbindia.in
  • RBI Master Directions on Advances & Floating Rate Loans (Commercial Banks)
  • RBI Regulatory Framework for Retail Loan Interest Rate Resets