PNB Housing Finance is one of the top NBFCs in India, offering attractive home loan offers. If you're currently paying an ongoing home loan at a high-interest rate, here are the top reasons to consider a home loan balance transfer to PNB Housing Finance:

  • Attractive interest rates starting from just 7.35% p.a. 
  • Floating interest rates – meaning you can expect your EMIs to reduce if the interest rates drop further. 
  • Loans available to salaried employees, self-employed professionals and self-employed non-professionals. 
  • Extensive range of home loan products including:
    • Home purchase loans
    • Home extension loans
    • Home construction loans 
    • Home improvement loans
    • Plot loans
  • Doorstep home loan services and PAN India presence. 
  • Dedicated customer service team. 
  • Fast and easy approval and quick loan disbursals. 
  • Long home loan tenure of up to 30 years. 
  • Flexible repayment options based on your budget and repayment capacity. 
  • Loan amounts up to 90% of the property value. 
  • PMAY subsidy up to Rs. 2.67 lakhs. 

All these features make PNB Housing Finance one of the top choices for a home loan balance transfer. 

Few Points to Keep in Mind before a Home Loan Balance Transfer

  • Do a savings analysis to decide if you're getting significant savings by switching the lender. 
  • The golden rule to keep in mind is – it's beneficial to switch lenders if the remaining home loan tenure is 10 years or more. 
  • Calculate the transfer fees and other charges to see if switching lenders is worth it. 
  • Finally, go through the terms and conditions offered by the new lender before making the switch. 

Next Reading: When is the right time to refinance a home loan?