PNB Housing Finance: PNB Housing Finance has introduced a new fixed rate non-home loan (NHL) product.
This loan is meant for customers who need funds for purposes other than buying a home.
The loan covers needs such as loan against property, purchase of commercial plots, loan against plots, and lease rental discounting.
The interest rate starts at 10%, and the final rate depends on the borrower’s credit score.
Why is this Loan Product Beneficial?
The loan tenure can go up to 15 years. Since the interest rate is fixed, customers won’t be affected by rate changes and can plan their finances better.
Other benefits include quick processing, personalized eligibility, and doorstep service, which make the product more convenient and attractive.
\Girish Kousgi, Managing Director and CEO of PNB Housing Finance, said that the new loan is aimed at customers seeking financial stability.
The company wants to offer safe and transparent loan options so customers can borrow with confidence.
As of March 2025, non-home loans made up 28.5% of PNB Housing’s retail loan portfolio, with an average loan size of ₹27 lakh.
This new product is available through 356 PNB Housing branches across India.
PNB Housing Finance is a deposit-taking housing finance company, backed by Punjab National Bank.
It provides housing and non-housing loans for individuals, along with corporate lending services.
