PNB Housing launches online deposit facility

PNB Housing


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PNB Housing Finance, the country’s 2nd largest housing finance company by deposit book size, has launched a facility of online deposits, both on its website and mobile app.

The company is also offering an attractive rate of interest of up to 8.45% per annum for a 44-month deposit, marking a rise of 35 bps over the last ROI.

PNB Housing is adept at bringing the highest level of convenience and unparalleled service to its customers. It thrives on digital interventions that bring ease in transacting with the company, anywhere and anytime.

The latest addition will allow applicants to create deposits in just three simple steps with the help of e-KYC and digital signatures. Auto-renewal and online redemption are the other distinctive advantages of the feature.

The leading housing finance firm is also offering an attractive rate of interest of up to 8.45% p.a.

Shaji Varghese, Executive Director and Business Head, PNB Housing Finance, said, “Online deposit facility is a relatively new service in the housing finance sector. The paucity of time for many has led to the expectation of getting every service at a touch of a button and our online FD service does just that.

In fact, the auto-renewal and online redemption features are also new to the sector. So, anyone can create an FD without having to walk into a branch or call customer care, and that, too, in just about 10 minutes. As the entire process is automated, it eliminates the need for a physical KYC.”

PNB Housing Finance is one of the few deposit-taking housing finance companies (HFCs) offering competitive interest rates. As of June 30, 2018, the deposit book size stood at Rs. 11,724 crores. As of June 30, the company also ranked 5th among leading HFCs with assets under management at Rs. 68,578 crores.

 Disclaimer: 

All inputs from PNB Hosing Finance.

Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited.

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Ruchi Verma

Certified parenting teen practitioner, multiple Award winner, mother of two active kids believes in sharing the right source of information to readers which could help them in every possible way!!

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35 Comments

  1. This is something all home buyers need to know, we are also looking for easy housing finance options. Thank you for sharing these insights.

  2. great post on details of housing loans scheme of PNB Housing loan. it’ll be very beneficial for people requiring it.

  3. Thanks for this informative post, I didn’t know a lot of facts about PNB housing finance. Finance is an important discussion while booking a house.

  4. This surely was piece of information that I was completely unaware of, thank you for sharing.

  5. This is excellent news! The rates are quite competitive.

  6. We have taken our home loan from PNB Housing loan and it was pretty smooth. Financial decisions are very important and its always good when you go with the reputed brand name.

  7. A self-owned house is a dream of every family. The rates of PNB Housing Finance is quite affordable. I didnt know that they are the 2nd largest in India. Thanks for sharing all the details here.

  8. PNB housing finance is now much easier and beneficial now. online deposit is so convenient, safe and easier

  9. PNB Housing is adept at bringing the highest level of convenience and unparalleled service to its customers. Its bring ease in transacting with the company, anywhere and anytime.

  10. great post on housing loans, would check about PNB housing loan rates and compare online.

  11. This is a great information for people looking for housing finance. I have just shared this article with my husband. We have been thinking of getting our own house but my husband thinks that getting a loan is a big hassle, hence been avoiding this. Hopefully, this will help him in taking a decision.

  12. This is something that all new home buyers need to know. Thus might come very handy to then!

  13. Wish other banks learn from PNB housing loan and make things easy online and on the mobile. It is much needed at the day and time

  14. Housing finance is of utmost importance when it comes to taking a first step to fulfill your dreams of owning a house. This is an informative post. Thanks for sharing

  15. Thank you for this informative post. Online deposit facility will bring so much more business specially from busy families. Thanks for sharing the insights about housing loans.

  16. Wow PNB housing loan is fantastic for those seeking home loans. I have heard great reviews about their operations too.

  17. This post is on the right time as we are planning our own house and will need housing loan to help us. PNB housing loan seems very apt.

  18. Wow very useful information. im not much of a finance person but pnb housing loan sounds easy and amazing.

  19. That’s very convenient and affordable finances schemes by PNB housing and no doubt good news for customers

  20. Well, I am already aware of the above since I became a happy customer of PNB housing loans last year when I bought my new house.

  21. PNB Housing Loans has initiated a good scheme. Was looking for something like this.

  22. One of my friends was planning to buy a home. I will definitely tell them about PNB Housing Finance. Thanks for the post.

  23. Amazing PNB Housing Finance. This is very affordable and beneficial housing scheme. This is convenient and easy to adapt. Great thoughts.

  24. Pnb housing loan can be boon for many who are looking for some dream home

  25. The PNB housing loan definitely sounds like a great way to go about planning for your future. Your in-depth article definitely threw a lot of light on the loan process.

  26. I am definitely going to forward this to my friends who are looking for some good housing schemes, this is worth keeping in mind!

  27. This is very good information for those looking for home finance options. Home buyers can find it beneficial.

  28. This post is going to help many people.

  29. Glad to know that PNB housing finance offers loans in such good interest rates… Thanks for sharing.

  30. This is such a lovely detailed post for anyone who is in need of a housing loan. I am going to book mark this just for future reference.

  31. Finances are complicated and important. It’s great that PNB housing loan is facilitating techniques for easing the process.

  32. This is a very informative post on housing loan. PNB housing loan scheme seems to be a good one

  33. Indeed an informative post. Our house loan is with PNB hosing loan and they indeed have the most hassle-free service.

  34. DrAmrita BasuMisra? (@misra_amrita)

    Looks like a hood scheme indeed.I will check it out.

  35. A very informative post and I am sure the rate of interest will attract many to come forward.
    Cheers!!

    UK

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