PNB Home Loan in Mumbai
Interest rates from 8.45% p.a. · EMI from ₹84,191/month for a ₹110L loan over 30 years. Updated for 2026.
Quick EMI Estimate
Based on the average loan amount in Mumbai (₹110 lakh) at PNB's minimum rate of 8.45% p.a.
Why choose Punjab National Bank for a home loan in Mumbai?
Public-sector reliability with competitive rates and Pradhan Mantri Awas Yojana (PMAY) subsidy support.
Mumbai's property market is India's most expensive, with average 2BHK prices crossing ₹1.8 Cr. High loan amounts mean even small rate differences translate to lakhs in savings.
Popular Mumbai localities for home buyers
Mumbai's most active home-buying corridors are concentrated in these areas, where PNB customers are typically funding 70–90% of property value:
Average property price (2BHK): ₹180 lakh · Per-sqft rate: ₹22,000
How much will you save by prepaying?
A ₹110 lakh PNB home loan at 8.45% over 20 years means you pay roughly ₹1,18,27,120 in interest alone — almost as much as the principal itself.
A modest ₹10,000/month prepayment can shave 6–8 years off your tenure and save ₹15–25 lakh in interest. The NestSaver prepayment simulator shows you exactly how much, in seconds.
Run prepayment simulation →Compare top home loan offers in Mumbai →
Frequently Asked Questions
What is the PNB home loan interest rate in Mumbai?
Punjab National Bank offers home loans in Mumbai starting at 8.45% p.a., going up to 10.25% p.a. depending on your CIBIL score, loan amount, and employment profile. The processing fee is 0.35% + GST.
What is the EMI for a ₹110 lakh PNB home loan in Mumbai?
For a ₹110 lakh loan from Punjab National Bank at 8.45% interest, the EMI is approximately ₹95,113 for 20 years, ₹88,205 for 25 years, and ₹84,191 for 30 years. Use the NestSaver calculator above for exact figures based on your loan amount and tenure.
How much home loan can I get from PNB in Mumbai?
Punjab National Bank typically finances up to 90% of the property value as a home loan in Mumbai, subject to a maximum tenure of 30 years. Your eligibility depends on your monthly income, existing EMIs, and credit score (typically 750+ for the best rates).
What documents are required for PNB home loan in Mumbai?
You will need identity proof (Aadhaar/PAN), address proof, last 3 months' salary slips, last 6 months' bank statements, Form 16 or ITR for 2 years, and property documents (sale agreement, NOC from builder/society, approved plan). Self-employed applicants need GST returns and business proof.
Is prepayment allowed on a PNB home loan?
Yes. Under RBI guidelines, Punjab National Bank cannot charge any prepayment penalty on floating-rate home loans. You can make partial or full prepayments at any time to reduce your interest burden. Use the NestSaver prepayment simulator to see exactly how much you can save.
Get a free PNB home loan consultation
Our advisors help Mumbai buyers negotiate the best rate with Punjab National Bank. Zero cost.