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Compare Indian Bank vs PNB Housing Finance Home Loan

Download Comparison
Bank
Interest Rate
Interest Rate
7.55% - 7.85%
7.35% - 8.75%
Processing Fees
Processing Fees
Upto 0.23%
Max ₹ 20,381
Upto 1.00%
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 5 Cr
Maximum Tenure
Maximum Tenure
20 Years
30 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 809
₹ 689
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
RLLR
PLR
Minimum Age
Minimum Age
18 Years
21 Years
Maximum Age
Maximum Age
60 Years
70 Years
For Women
For Women
Y
N
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
3/5.0
4.3/5.0
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Compare Home Loan EMI of Indian Bank and PNB Housing Finance

Loan Amount Indian Bank PNB Housing Finance
₹ 10 Lakh ₹ 8,087 ₹ 6,890
₹ 25 Lakh ₹ 20,216 ₹ 17,224
₹ 30 Lakh ₹ 24,260 ₹ 20,669
₹ 50 Lakh ₹ 40,433 ₹ 34,449

Which is a better bank for Home Loan – PNB Housing Finance or Indian Bank?

PNB Housing Finance offers lower Home Loan EMI at ₹ 689 on a Home Loan for 30 Years as compared to Indian Bank with a minimum EMI of ₹ 809 for 20 Years. Average customer ratings for PNB Housing Finance is currently at 4.3/5.0 which makes it a good choice for taking a Home Loan.

How does PNB Housing Finance Home Loan compare with Indian Bank Home Loan?

It is important to do a detailed comparison of PNB Housing Finance and Indian Bank on all loan terms and conditions to understand their differences and make an informed decision. Keep in mind that each bank’s scheme has its pros and cons that have to be evaluated before choosing the best offer. Some of the key results of the comparison between the two banks are:

  • Lowest Interest rate of PNB Housing Finance Home Loan is 7.35%, which is lower than the lowest interest rate of Indian Bank at 7.55% and hence, PNB Housing Finance is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, Indian Bank charges a lower processing fees of 0.23% of the loan amount vs PNB Housing Finance with a processing fees of 1.00% of loan amount.
  • Indian Bank is a with its Home Loan rates benchmarked to RLLR. PNB Housing Finance is a with its home loan rates benchmarked to PLR.
  • PNB Housing Finance has an average customer ratings of 4.3, while Indian Bank has an average customer rating of 3, based on which it is clear that PNB Housing Finance has a high customer service focus, an easy Home Loan process and a quick turnaround.
  • Indian Bank offers special discounted rate Home Loan schemes for women, while PNB Housing Finance currently doesn’t have such schemes for women. Hence, women borrowers should consider Indian Bank.

Which bank offers a lower interest rate on Home Loan – PNB Housing Finance or Indian Bank?

As per the current rates, PNB Housing Finance offers a lower interest rate of 7.35% on Home Loan when compared to Indian Bank which offers a Home Loan at 7.55%.

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*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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