The fixed-rate scheme applies to loan against property, commercial plot purchase, loan against plot, and lease rental discounting. Interest rates start at 10%, based on the borrower’s eligibility.
Loan tenures can extend up to 15 years.
The company said this product would help customers avoid interest rate fluctuations and plan long-term finances with greater certainty. It also promises faster processing, tailored eligibility, and doorstep services.
Girish Kousgi, MD & CEO of PNB Housing Finance, said the product addresses the need for stable and transparent lending options. “We are excited to introduce our Fixed Rate Non-Home Loan Solutions, offering secure lending with greater financial stability for borrowers,” he said.
Non-housing loans currently account for 28.5% of the company’s retail mix, with an average ticket size of ₹27 lakh as of March 31, 2025. The product is available across PNB Housing’s 356 branches nationwide.
PNB Housing Finance is a deposit-taking housing finance company promoted by Punjab National Bank. It focuses on retail housing and non-housing loans, and also offers corporate lending solutions.
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