Will my PNB EMI change after the RBI policy on December 4, 2026?

PNB home loans are linked to an external benchmark, usually the RBI repo rate. If the RBI changes the repo rate, PNB revises its benchmark and your rate resets within the reset window. Most lenders extend your tenure by default rather than change your EMI.

My PNB home loan is at 8.75%. Should I shift it?

If the gap between your rate and a new offer is at least 0.40% to 0.50%, you have 5+ years left and your balance is above ₹20 lakh, a transfer usually saves money even after fees. Ask PNB for a spread reset first. If they refuse, compare offers.

Does PNB charge a prepayment or foreclosure fee?

RBI rules do not allow lenders to charge prepayment or foreclosure penalties on floating-rate home loans taken by individuals. Fixed-rate loans and business borrowers can be treated differently, so check your sanction letter.

Does GoVitt charge me anything?

No. GoVitt is free for borrowers. We are paid by partner lenders, and we tell you honestly when a switch is not worth it.

RBI hiked the repo rate by 25 bps on October 7, 2026. Repo now 5.5%.

What it means for your EMI

PNB Home Loan Rates · October 2026

Punjab National Bank (PNB) Home Loan Interest Rate starts at 7.45%*

PNB charges between 7.45% and 9.35% depending on your CIBIL score and profile. If you are an existing PNB borrower paying 8.25% or more, you may be overpaying. Check in 60 seconds, with no credit score impact.

Rates last updated on October 11, 2026

Source:PNB official website ↗

Starting rate

7.45%

▲ 30 bps

Best CIBIL, salaried

Up to

9.35%

Lower CIBIL / higher risk

Processing fee

0.35%

0.35% (Max ₹15,000) + GST

Max tenure

30 yrs

Max loan: No upper limit

We promise: No spam calls · Data encryption · Unbiased advisory

Punjab National Bank (PNB) home loan at a glance

Headline terms for a new PNB home loan. Your final rate is set after PNB assesses your CIBIL score, income, loan amount and property.

Interest rate	7.45% – 9.35% p.a.
Lender type	Public Sector
Rate benchmark	Repo-linked rate (EBLR / RLLR)
Processing fee	0.35% (Max ₹15,000) + GST
Maximum loan amount	No upper limit
Maximum tenure	30 years
Best suited for	Government employees & defense personnel

* Indicative rates based on public lender disclosures. Final rates depend on borrower risk score, property type and LTV ratio.

How your CIBIL score moves your PNB rate

7.45% – 9.35%

Final rate depends on your CIBIL score and profile.

Already paying PNB 8.25% or more?

Enter three numbers from your loan statement. We show savings after switching costs, not the inflated gross figure, and tell you honestly if moving is not worth it.

Outstanding amount (₹)

Your current PNB rate (%)

Years remaining

Best rate you qualify for (%)

Estimated switching costs (₹): processing, legal, valuation, MODT

💡 Pro Tip: Before switching, ask PNB for an internal rate reset. If they refuse or charge too much, a balance transfer is your leverage.

Current EMI₹46,045

New EMI₹41,214

Monthly saving₹4,830

Total interest saved₹10,43,302

Minus switching costs– ₹37,500

Worth exploring

₹10,05,802

Net saving over your remaining tenure, after estimated switching costs.

See my real payoff date →

PNB home loan EMI for ₹30 lakh to ₹75 lakh

Monthly EMI on a 20-year loan at PNB's starting rate, and at 1% higher. That 1% is roughly what a weaker CIBIL score or an old spread costs you.

Loan amount	EMI @ 7.45%	EMI @ 8.45%	Extra you pay / month
₹30 lakh	₹24,076	₹25,940	+₹1,864
₹40 lakh	₹32,102	₹34,586	+₹2,484
₹50 lakh	₹40,127	₹43,233	+₹3,106
₹75 lakh	₹60,190	₹64,850	+₹4,660

Tenure 20 years. EMIs rounded to the nearest rupee.Try other amounts in the EMI calculator →

How PNB decides your rate

Punjab National Bank (PNB) is a bank, so every new floating-rate home loan is linked to an external benchmark, which for most banks is the RBI repo rate.

Your PNB rate = repo-linked benchmark (RBI repo + bank spread) + your risk premium

Repo moves, your rate follows

The RBI repo rate is at 5.5% and the next policy decision is on December 4, 2026. If it changes, PNB revises its repo-linked rate and your loan resets within the reset window.

Your spread does not move

The spread set on day one usually stays for the full tenure, even if your CIBIL score improves. That is why older PNB borrowers often pay more than new ones.

Lenders stretch tenure, not EMI

When rates go up, most lenders keep your EMI the same and add months to the loan. Your statement may not show the real payoff date.

When a switch makes sense

Rate gap of 0.40% or more, 5+ years left, and a balance above ₹20 lakh. Below that, switching costs can eat the savings.

PNB vs lenders with similar rates

The lowest starting rate is not always the lowest rate for your profile. Compare before you sign or switch.

Lender	Interest rate (p.a.)	Processing fee
State Bank of India	7.25% – 8.55%	0.35% (Min ₹2,000 to Max ₹10,000) + GST
Bank of India	7.35% – 9.10%	Nil to 0.25% (Max ₹20,000) + GST
Bank of Baroda	7.45% – 9.20%	Nil to 0.50% (Max ₹10,000) + GST
Punjab National BankFeatured	7.45% – 9.35%	0.35% (Max ₹15,000) + GST
ICICI Bank	7.55% – 11.20%	0.50% - 1.00% of loan amount + GST
HDFC Bank	8.00% – 13.45%	Up to 0.50% of loan amount or ₹3,000 + GST

Compare all 50+ lenders →

PNB home loan FAQs

Punjab National Bank (PNB) home loan rates currently range from 7.45% – 9.35% p.a. The rate you get depends mainly on your CIBIL score, income profile, loan amount and the property.