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Compare Home Loan - PNB Housing Finance vs OBC

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Bank
Parameters
Interest Rate
Interest Rate
7.35% - 8.75%
6.95% - 7.75%
Processing Fees
Processing Fees
Upto 1.00%
Upto 0.50%
Max ₹ 20,000
Maximum Loan Amount
Maximum Loan Amount
₹ 5 Cr
₹ 3 Cr
Maximum Tenure
Maximum Tenure
30 Years
25 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 689
₹ 704
Benchmark Rate (Check Rates)
Benchmark Rate (Check Rates)
PLR
RLLR
Minimum Age
Minimum Age
21 Years
18 Years
Maximum Age
Maximum Age
70 Years
60 Years
For Women
For Women
N
N
Overdraft Facility
Overdraft Facility
N
N
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.3/5.0
2.5/5.0
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Compare EMI of PNB Housing Finance and OBC Home Loan

Loan Amount PNB Housing Finance OBC
₹ 10 Lakh ₹ 6,890 ₹ 7,036
₹ 25 Lakh ₹ 17,224 ₹ 17,590
₹ 30 Lakh ₹ 20,669 ₹ 21,108
₹ 50 Lakh ₹ 34,449 ₹ 35,180

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

PNB Housing Finance offers lower Home Loan EMI at ₹ 689 on a Home Loan for 30 Years as compared to OBC with a minimum EMI of ₹ 704 for 25 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 OBC Home Loan compare with PNB Housing Finance Home Loan?

It is important to do a detailed comparison of OBC and Home Loan on all loan terms and conditions to understand their differences and take an informed decision. Keep in mind that each bank’s scheme has its own 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 OBC Home Loan is 6.95%, which is lower than the lowest interest rate of PNB Housing Finance at 7.35% and hence, OBC is offering a cheaper loan option.
  • When compared on other Home Loan charges such as processing fees, OBC charges a lower processing fees of 0.50% of the loan amount vs PNB Housing Finance with a processing fees of 1.00% of loan amount.
  • OBC is a Public Sector Bank with its Home Loan rates benchmarked to RLLR. PNB Housing Finance is a HFC with its home loan rates benchmarked to PLR.
  • PNB Housing Finance has an average customer ratings of 4.3, while OBC has an average customer rating of 2.5, 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.

Which bank offers lower interest rate on Home Loan – OBC or PNB Housing Finance?

As per the current rates, OBC offers a lower interest rate of 6.95% on Home Loan when compared to PNB Housing Finance which offers a Home Loan at 7.35%.

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Home Loan News - Jun 2021
  • 2021-06-14 : 76% increase in Home Loans in the March quarter
    Home loans sanctioned by banks and NBFCs grew 76% to Rs 79,043 crore in the quarter ended March 2021. Steps like reduction in stamp duties by the government immensely increased the demand for Home Loans.
  • 2021-06-14 : IDFC First Bank’s helping hand for the covid-affected families of employees
    To help the families of employees who lost their lives due to covid, IDFC First Bank is offering compensation of upto 4 times of the CTC along with a salary of two years. Along with that, the bank is also wavering the loans of such employees to reduce the burden on the employees’ family.
  • 2021-06-10 : Rural Loan Collections to be affected by the Second wave
    As the borrowers are continuously facing the issues created by the pandemic, India Ratings - a rating agency reported that the collections of Rural Loan which includes Home Loan, Loan Against Property, Business Loan, Personal Loan, etc. will be vastly affected because of the second wave of Covid-19.
  • 2021-06-09 : Growth of upto 18% expected by IIFL Home Finance on loans
    IIFL Home Finance expects a growth on its loan book which includes Home loans and Loan against property of upto 18%.
  • 2021-06-09 : IIFL Home Finance signs MOU with Central bank of India
    IIFL Home Finance signed a MOU with Central bank of India for co-lending. The Central bank will be providing 80% of the loan amount of IIFL.
*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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