Hi Sahil. The PNB land loan interest rate starts at 9.5 percent, being mainly dependent on the CIBIL score and the loan amount. There are some more factors, including the loan tenure you opt for. A longer tenure will mean a higher interest rate, while a smaller tenure will give you a lower interest rate. I will share the interest rate based on the parameters below.
PNB Housing Plot Loan Interest Rate
Here is a detailed breakdown of the loan interest rate for plots above Rs. 35 lakhs:
Credit Score | Salaried / Self – employed professional | Self – employed non – professional |
>=825 | 9.50% to 10% | 9.80% to 10.30% |
>800 to 825 | 9.50% to 10% | 9.80% to 10.30% |
>775 to 799 | 10.20% to 10.70% | 10.80% to 11.30% |
>750 to <= 775 | 10.35% to 10.85% | 11.15% to 11.65% |
>725 to <=750 | 10.70% to 11.20% | 11.30% to 11.80% |
>700 to <=725 | 11.05% to 11.55% | 11.75% to 12.25% |
>650 to <=700 | 11.45% to 11.95% | 11.95% to 12.45% |
Upto 650 | 11.45% to 11.95% | 11.95% to 12.45% |
Remember that these are floating interest rates, like Ryansh said. So, you can see that the interest rate is slightly higher for loans above Rs. 35 lakhs. Try to have a high CIBIL and you’ll surely be able to get a loan at lower interest rates.
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Some related information:
What is the HDFC Plot Loan Interest Rate?
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There is a small difference between the interest rate on a plot loan and that of a standard home loan. Loans for land have varying interest rates. As of now, the PNB plot loan interest rate is 9.50%.
What is the PNB Land Loan Interest Rate?
| Credit Score | Salaried / Self – employed professional (SEP) | Self – employed non – professional (SENP) |
>=825 |
9.50% to 10% |
9.80% to 10.30% |
>800 to 825 |
9.50% to 10% |
9.90% to 10.40% |
>775 to 799 |
10.10% to 10.60% |
10.65% to 11.15% |
>750 to <=775 |
10.25% to 10.75% |
10.80% to 11.30% |
> 725 to < =750 |
10.55% to 11.05% |
11.25% to 11.75% |
> 700 to <= 725 |
10.85% to 11.35% |
11.55% to 12.05% |
> 650 to <= 700 |
11.25% to 11.75% |
11.75% to 12.25% |
upto 650 |
11.25% to 11.75% |
11.65% to 12.15% |
Keep in mind that the mentioned PNB housing finance plot loan interest rate is floating rates.
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What is PNB Plot Loan Interest Rate?
Sahil
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2024-02-08T09:59:58+00:00 2024-08-06T15:00:09+00:00Comment
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