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Compare Canara Bank vs PNB Housing Finance Loan Against Property

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Interest Rate
Interest Rate
9.95% - 12.00%
8.90% - 10.15%
Processing Fees
Processing Fees
Upto 1.00%
Min ₹ 5,000; Max ₹ 50,000
Upto 0.75%
Maximum Loan Amount
Maximum Loan Amount
₹ 10 Cr
₹ 5 Cr
Loan to Property Value Ratio
Loan to Property Value Ratio
Upto 50%
Upto 60%
Maximum Tenure
Maximum Tenure
7 Years
20 Years
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 1,658
₹ 893
Benchmark Rate
Benchmark Rate
Minimum Age
Minimum Age
21 Years
21 Years
Maximum Age
Maximum Age
65 Years
65 Years
Overdraft Facility
Overdraft Facility
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
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Compare Loan Against Property EMI of Canara Bank and PNB Housing Finance

Loan Amount Canara Bank PNB Housing Finance
₹ 10 Lakh ₹ 16,575 ₹ 8,933
₹ 15 Lakh ₹ 24,863 ₹ 13,400
₹ 30 Lakh ₹ 49,726 ₹ 26,799
₹ 50 Lakh ₹ 82,877 ₹ 44,665

Which is a better bank for Loan Against Property – PNB Housing Finance or Canara Bank?

PNB Housing Finance offers lower Loan Against Property EMI at ₹ 893 on a Loan Against Property for 20 Years as compared to Canara Bank with a minimum EMI of ₹ 1,658 for 7 Years. Average customer ratings for PNB Housing Finance is currently at 4.2/5.0 which makes it a good choice for taking a Loan Against Property.

How does PNB Housing Finance Loan Against Property compare with Canara Bank Loan Against Property?

It is important to do a detailed comparison of PNB Housing Finance and Canara 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 Loan Against Property is 8.90%, which is lower than the lowest interest rate of Canara Bank at 9.95% and hence, PNB Housing Finance is offering a cheaper loan option.
  • When compared on other Loan Against Property charges such as processing fees, PNB Housing Finance charges a lower processing fees of 0.75% of the loan amount vs Canara Bank with a processing fees of 1.00% of loan amount.
  • Canara Bank offers Loan Against Property upto 60% of the property value while PNB Housing Finance offers mortgage loan upto 50% of property value. Hence, Canara Bank can be a better option if you are looking for a high value amount.
  • Canara Bank is a with its Loan Against Property 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 4.2, while Canara Bank has an average customer rating of 2, based on which it is clear that PNB Housing Finance has a high customer service focus, an easy Loan Against Property process and a quick turnaround.

Which bank offers a lower interest rate on Loan Against Property – PNB Housing Finance or Canara Bank?

As per the current rates, PNB Housing Finance offers a lower interest rate of 8.90% on Loan Against Property when compared to Canara Bank which offers a Loan Against Property at 9.95%.

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Loan Against Property News - Oct 2021
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    Gross Non-Performing Assets (NPAs) of banks are expected to increase to 8-9 percent in the current fiscal year according to reports of Crisil. Agency also suggests that Emergency Credit Line Guarantee Scheme (ECLGS) will help limit this increase.
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    Private sector bank, HDFC Bank has posted a 17.6 percent rise in net profit at Rs 8,834.3 crore in the second quarter ended September 30, 2021. The lender had posted a net profit of Rs 7,513.1 crore in Q2 of 2020.
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    Punjab National Bank (PNB) has launched the 6S Campaign. The campaign consists of schemes like Swabhiman, Samruddhi, Sampark and Shikhar, Sankalp and Swagat. The objective of the campaign is to spread awareness about the development of financial services and accelerate credit growth, improve penetration of social security schemes and drive digital banking push.
  • 2021-10-06 : Central Bank of India Partners With IIFL Home Finance
    Central Bank of India has announced a strategic co-lending partnership with IIFL Home Finance. Under the partnership, IIFL Home Finance Ltd will process credit parameters and eligibility criteria. Central Bank of India will take into its book 80% of the SME LAP Loans under mutually agreed terms.
*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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