PNB Housing Finance: PNB Housing Finance is offering loans for other needs other than home loans. PNB Housing Finance has launched the new fixed rate non-home loan (NHL) product. The purpose of this loan is to give loans easily to customers who want to take a loan for other needs besides buying a house. This scheme will apply to the needs such as loan next property, commercial plot procurement, loan Against plot, and lease rental discounting. In this, the interest rate of the loan starts at 10% and it will also depend on the credit score of the loan taker.
Why this loan product is better
The loan period can be up to 15 years. The company says that due to the fixed rate, customers will get relief from fluctuations in interest rates and they will be able to plan their future easily. Features like fast processing, customized eligibility and doorstep service also make this product special.
MD and CEO Girish Kausgi of PNB Housing Finance said that this new product is for those who want financial stability. He is allowing customers to take loans with a safe and transparent loan option. As of March 2025, PNB Housing’s retail loan portfolio had a share of non-home loan 28.5% and on an average ticket size was Rs 27 lakh. This product is available at 356 branches across the country of PNB Housing.
PNB Housing Finance is a housing finance company taking a deposit, which Punjab National Bank promotes. It also gives corporate lending solutions in addition to retail housing and non-hiding loans.