PNB Housing Finance has launched a fixed-rate non-home loan (NHL) product. The new offering targets customers seeking credit for purposes other than home purchase.

The fixed-rate scheme applies to loan against property, commercial plot purchase, loan against plot, and lease rental discounting. Interest rates start at 10%, based on the borrower’s eligibility.

Loan tenures can extend up to 15 years.

The company said this product would help customers avoid interest rate fluctuations and plan long-term finances with greater certainty. It also promises faster processing, tailored eligibility, and doorstep services.

Girish Kousgi, MD & CEO of PNB Housing Finance, said the product addresses the need for stable and transparent lending options. “We are excited to introduce our Fixed Rate Non-Home Loan Solutions, offering secure lending with greater financial stability for borrowers,” he said.

Non-housing loans currently account for 28.5% of the company’s retail mix, with an average ticket size of ₹27 lakh as of March 31, 2025. The product is available across PNB Housing’s 356 branches nationwide.

PNB Housing Finance is a deposit-taking housing finance company promoted by Punjab National Bank. It focuses on retail housing and non-housing loans, and also offers corporate lending solutions.

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