PNB Housing Finance is now providing loans not only for home loans but also for other needs. The company has launched a new ‘Free Non-Home Loan’ (NHL) product. The purpose of this loan is to provide easy loans to those customers who want to take a loan for any work other than buying a house.
This scheme will be applicable for purposes like a loan on property, purchase of a commercial plot, loan on a plot, and lease rental discounting. In this, the interest rate of the loan starts from 10%, and it will also depend on the credit score of the borrower. So, if you are also looking for a loan against property or any other important work, then this new product of PNB Housing can prove to be a great option for you.
Why is this loan product special
This new loan product is better in many ways. Its biggest feature is that its loan period can be up to 15 years. The company says that due to being ‘free’, customers will get relief from fluctuations in interest rates and they will be able to plan their future easily! Apart from this, features like fast processing, easy eligibility and doorstep service also make this product even more special. Now you will not need to go through long processes and frequent visits to the branch for the loan.
Big statement by the MD and CEO of PNB Housing
Girish Kausgi, MD and CEO of PNB Housing Finance, said that this new product is for those who want financial stability! By providing safe and transparent loan options, they are allowing customers to take out loans with confidence. As of March 2025, non-home loans accounted for 28.5% of PNB Housing’s retail loan portfolio, and the average ticket size was ₹27 lakh! This product is available at 356 branches of PNB Housing across the country. So, whether your need is small or big, PNB Housing can prove to be a trusted partner for you.
Loan against Property
PNB Housing Finance also allows you to take a loan against your residential or commercial property. It is also called Loan Against Property (LAP). You can collateralize your property to meet your various financial needs, be it for business, children’s education or any other important purpose. The interest rates are usually lower than a personal loan and the loan tenure can also be longer.
Commercial Plot Loan
If you want to buy a commercial plot, PNB Housing Finance offers you a loan for this too. This is a great opportunity for businessmen and entrepreneurs who want to expand their business or start in a new place. With the help of this loan, you can easily buy a commercial plot of your choice and make your business dreams come true.
Lease Rental Discounting
Lease Rental Discounting (LRD) is a product under which if you have a rented property, you can avail a loan based on its future rent. PNB Housing Finance allows you to receive your rental income now and meet your financial needs through this facility. This is very beneficial for those who have regular income from their property.
Attractive interest rates and an easy process
PNB Housing Finance’s non-home loan products come with attractive interest rates, depending on your credit profile. The company aims to make the loan process as simple as possible to help you meet your financial needs without any hassle. With features like fast processing and doorstep service, PNB Housing Finance is truly a reliable and customer-friendly option.