PNB Harit Niwas Green Home Loan Scheme: Who can apply and what are the benefits

Punjab National Bank (PNB) Harit Niwas Green Home Loan Scheme initiative aims to promote sustainable housing and encourage homebuyers and homeowners to embrace greener and more environmentally responsible living solutions.

The scheme covers ready-built green homes, under-construction properties in approved projects, self-construction on owned plots as well as renovation and retrofitting of existing homes to meet green building standards.

Speaking on the occasion, Subodh Kumar, GM, Retail Asset Business Division, PNB, said: "At Punjab National Bank, sustainability is an integral part of our growth strategy. Through PNB Harit Niwas, we are making environmentally responsible housing more affordable and accessible for customers across the country. The scheme not only offers attractive financial benefits but also encourages adoption of energy-efficient homes that contribute to reduced carbon footprints and lower household energy costs."

• Concessional interest rate of 0.10% below the applicable rate under regular home loan schemes

• Nil processing fee

• Nil documentation charges

• Finance for purchase, construction, renovation and takeover of green homes

• Up to 5% enhanced repayment eligibility

• Eligibility for properties certified by recognized agencies such as IGBC, GRIHA and LEED

• Enhanced repayment eligibility considering the savings generated through energy-efficient housing solutions

PNB Harit Niwas Green Home Loan Scheme: Who can apply?

The scheme is available to salaried individuals, pensioners, professionals, self-employed individuals, businesspersons and farmers with a regular source of income, thereby widening access to sustainable housing finance across customer segments.

Through PNB Harit Niwas, the Bank supports customers seeking to purchase, construct or upgrade environmentally sustainable homes by offering financing benefits for residential properties certified under recognized green building frameworks.