Compare SBI vs PNB Home Loan

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Bank	SBI HDFC Citibank Bank of Baroda ICICI Bank Axis Bank PNB Housing Finance LIC Housing Finance Bajaj Home Finance Sundaram Home Finance Kotak Bank Yes Bank Syndicate Bank IDFC First Bank United Bank of India Allahabad Bank Andhra Bank Bank of India Bank of Maharashtra Canara Bank Central Bank of India Punjab and Sind Bank UCO Bank Union Bank of India Aadhar Housing Finance DBS Bank India Shelters Tata Capital Home Finance LT Housing Finance Piramal Housing Finance Aavas Financiers Indian Bank Karur Vysya Bank RBL Bank HSBC Bank Standard Chartered Bank Edelweiss GIC Housing Finance Reliance Capital IIFL Corporation Bank IDBI Bank Lakshmi Vilas Bank Indian Overseas Bank OBC Indiabulls DCB Bank Dhan Laxmi Bank Karnataka Bank South Indian Bank Federal Bank Jammu And Kashmir Bank	HDFC Citibank Bank of Baroda ICICI Bank Axis Bank PNB Housing Finance LIC Housing Finance Bajaj Home Finance Sundaram Home Finance Kotak Bank Yes Bank Syndicate Bank IDFC First Bank DBS Bank Lakshmi Vilas Bank Allahabad Bank Andhra Bank Bank of India Bank of Maharashtra Canara Bank Central Bank of India Punjab and Sind Bank UCO Bank Union Bank of India United Bank of India India Shelters Tata Capital Home Finance LT Housing Finance Piramal Housing Finance Aavas Financiers Aadhar Housing Finance Indian Bank Karur Vysya Bank RBL Bank HSBC Bank Standard Chartered Bank Edelweiss GIC Housing Finance Reliance Capital IIFL Corporation Bank IDBI Bank Jammu And Kashmir Bank Indian Overseas Bank OBC PNB Indiabulls DCB Bank Dhan Laxmi Bank Karnataka Bank South Indian Bank Federal Bank
Interest Rate	Interest Rate 7.55% - 8.05%	6.75% - 9.10%
Processing Fees	Processing Fees NIL	Upto 0.35% Min ₹ 2,500; Max ₹ 15,000
Maximum Loan Amount	Maximum Loan Amount ₹ 7 Cr	₹ 1 Cr
Maximum Tenure	Maximum Tenure 30 Years	30 Years
Lowest EMI Per Lakh	Lowest EMI Per Lakh ₹ 703	₹ 649
Benchmark Rate (Check Rates)	Benchmark Rate (Check Rates) RLLR	RLLR
Minimum Age	Minimum Age 18 Years	21 Years
Maximum Age	Maximum Age 70 Years	65 Years
For Women	For Women Y	N
Overdraft Facility	Overdraft Facility Y - SBI Maxgain	N
Customer Ratings (Read Reviews)	Customer Ratings (Read Reviews) 4.2/5.0	3.9/5.0

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Compare Home Loan EMI of SBI and PNB

Loan Amount	SBI	PNB
₹ 10 Lakh	₹ 7,026	₹ 6,486
₹ 25 Lakh	₹ 17,566	₹ 16,215
₹ 30 Lakh	₹ 21,079	₹ 19,458
₹ 50 Lakh	₹ 35,132	₹ 32,430

Which is a better bank for Home Loan – PNB or SBI?

PNB offers lower Home Loan EMI at ₹ 649 on a Home Loan for 30 Years as compared to SBI with a minimum EMI of ₹ 703 for 30 Years. Average customer ratings for PNB is currently at 3.9/5.0 which makes it a good choice for taking a Home Loan.

How does PNB Home Loan compare with SBI Home Loan?

It is important to do a detailed comparison of PNB and SBI 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 Home Loan is 6.75%, which is lower than the lowest interest rate of SBI at 7.55% and hence, PNB is offering a cheaper loan option.
When compared on other Home Loan charges such as processing fees, SBI charges a lower processing fees of Nil vs PNB with a processing fees of 0.35% of loan amount.
PNB is a with its Home Loan rates benchmarked to RLLR. On the other hand, SBI is a with its home loan rates benchmarked to RLLR. Hence, both banks are benchmarked to the same rate, making them a comparable option to choose from.
SBI has an average customer ratings of 4.2, while PNB has an average customer rating of 3.9, based on which it is clear that SBI has a high customer service focus, an easy Home Loan process and a quick turnaround.
SBI offers special discounted rate Home Loan schemes for women, while PNB currently doesn’t have such schemes for women. Hence, women borrowers should consider SBI.
One unique feature of SBI is its overdraft facility which allows borrowers to minimize their interest outgo by paying interest only on the loan amount utilized. This scheme makes it an apt choice for self-employed and businessmen with fluctuating fund requirements.

Which bank offers a lower interest rate on Home Loan – PNB or SBI?

As per the current rates, PNB offers a lower interest rate of 6.75% on Home Loan when compared to SBI which offers a Home Loan at 7.55%.

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Home Loan News - Jun 2022

2022-06-16 : Maharashtra Government Revises Income Slabs
The annual income slab for the economically weaker section (EWS) has been increased to Rs 6 lakh, and Rs 4.5 lakh for those residing in Mumbai, Pune, and Nagpur Metropolitan Region and the rest of the state respectively.
2022-06-16 : SBI Increases Lowest Interest Rates for Home Loans
The bank has raised minimum rate for home loans to 7.55% two weeks after the increase of Repo Rate.
2022-05-24 : Home Buyers Welcome the Decision to Extend the PMAY Scheme
The Central Government has extended the PMAY Scheme-Urban till September 2022 in Maharashtra.
2022-05-13 : South Indian Bank Posts all-time High Net Profit in Q4
The Bank has posted an all-time high net profit of ₹272 crores for Q4 in FY 22 against ₹6.79 crores during the corresponding period of the previous year.
2022-05-13 : Ujjivan Small Finance Bank Profit Falls by 7% for Q4
The bank has reported a 7 percent fall in its net profit to Rs 126.5 crore. Earlier, the bank had posted a net profit of Rs 136 crore in the same quarter of the preceding fiscal year 2020-21.

*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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