Compare Personal Loan - Federal Bank vs PNB
Bank |
SBI
HDFC Bank
ICICI Bank
Bajaj Finserv
IDFC First Bank
Axis Bank
Tata Capital
Fullerton India
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Kotak Bank
RBL Bank
IIFL
HDB Financial
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Allahabad Bank
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Yes Bank
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Axis Finance
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SBI
HDFC Bank
ICICI Bank
Bajaj Finserv
IDFC First Bank
Axis Bank
Tata Capital
Fullerton India
IndusInd Bank
Kotak Bank
RBL Bank
IIFL
HDB Financial
Syndicate Bank
Muthoot
Union Bank of India
Canara Bank
Bank of Maharashtra
Andhra Bank
Allahabad Bank
Karur Vysya Bank
PNB
Indian Overseas Bank
Indian Bank
IDBI Bank
Corporation Bank
Bank of Baroda
Standard Chartered Bank
Yes Bank
Axis Finance
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Parameters | ||
Interest Rate | Interest Rate 11.49% - 17.99% |
8.95% - 11.80% |
Processing Fees | Processing Fees 0.5%, Min Rs. 500 |
1.8% + Taxes |
Loan Amount | Loan Amount ₹ 50,000 to ₹ 10 Lakh |
₹ 50,000 to ₹ 15 Lakh |
Loan Tenure | Loan Tenure 12 to 48 Months |
12 to 60 Months |
Lowest EMI Per Lakh | Lowest EMI Per Lakh ₹ 2,608 |
₹ 2,073 |
Part Payment Charges | Part Payment Charges Allowed after 0 months at Nil prepayment charges |
Allowed after 0 months at Nil prepayment charges |
Foreclosure Charges | Foreclosure Charges Allowed after 0 months at Nil prepayment charges |
Allowed after 0 months at Nil prepayment charges |
Borrower’s Age | Borrower’s Age 21 to 55 Years |
21 to 58 Years |
Minimum Income | Minimum Income ₹ 50,000 |
₹ 30,000 |
Current Work Experience | Current Work Experience 36 Months |
0 Months |
Total Work Experience | Total Work Experience 0 Months |
0 Months |
Customer Ratings (Read Reviews) | Customer Ratings (Read Reviews) |
|
Compare EMI of Federal Bank and PNB Personal Loan
Loan Amount | Federal Bank | PNB |
---|---|---|
₹ 1 Lakh | ₹ 11,026 | ₹ 14,132 |
₹ 5 Lakh | ₹ 55,129 | ₹ 70,658 |
₹ 10 Lakh | ₹ 1,10,259 | ₹ 1,41,316 |
₹ 12 Lakh | ₹ 1,32,310 | ₹ 1,69,579 |
Which is a better bank for Personal Loan – PNB or Federal Bank?
PNB offers lower Personal Loan EMI at 2073 on a Personal Loan for 60 Months as compared to Federal Bank with a minimum EMI of 2608 for 48 Months. Average customer ratings for PNB is currently at /5.0 which makes it a good choice for taking a Personal Loan.
How does PNB Personal Loan compare with Federal Bank Personal Loan?
It is important to do a detailed comparison of PNB and Personal 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:
Which bank offers lower interest rate on Personal Loan – PNB or Federal Bank?
As per the current rates, PNB offers a lower interest rate of 8.95% on Personal Loan when compared to Federal Bank which offers a Personal Loan at 11.49%.
How can I transfer my Personal Loan from Federal Bank to PNB?
You can transfer your Personal Loan from Federal Bank to PNB with a Personal Loan balance transfer. For this, you need to follow a specific procedure that involves clearing off dues, getting a NOC, application to a new bank, getting approval, etc. The Personal Loan balance transfer is an excellent way to reduce the loan burden as you can switch to a lower Personal Loan interest rate.
How can I choose the best bank for Personal Loan?
You can choose the best bank for a Personal Loan by making a detailed comparison between top lenders on the basis of interest rates, processing fee or Personal Loan offers. Apart from that, you can visit online marketplaces like MyLoanCare to choose the best Personal Loan offer. Here, you will get the option of choosing the best bank amongst the shortlisted ones based on your loan requirement.
Which type of Personal Loan is the cheapest?
The cheapest Personal Loan is the one that is offered at the lowest Personal Loan interest rates. This is because the lowest Personal Loan interest rates mean the lowest EMI, as the interest charged will be less. Thus, these loans can be attained with the least repayment burden. Currently, PNB offers the cheapest Personal Loan at 8.95%.
How do I check my eligibility for Federal Bank and PNB Personal Loan?
You can check your eligibility for Federal Bank, PNB and Personal Loan by using MyLoanCare Personal Loan eligibility calculator. You have to enter details like required loan amount, occupation, salary, current obligations, work experience etc to check the amount of loan you are eligible for. You can apply loan for the eligible amount to repay the EMI you can comfortably service.
Know all about Personal Loan
- Personal Loan Apply Online
- Personal Loan Interest Rates
- Personal Loan EMI Calculator
- Personal Loan Eligibility Calculator
- Personal Loan Apps
- Personal Loan for Self Employed
- Personal Loan for Government Employees
- Tax Benefit on Personal Loan
- Marriage Loan
- Travel, Vacation Loan
- Instant Personal Loan
- Personal Loan Documents
- Personal Loan Balance Transfer
- Debt Consolidation Loan
- Consumer Durable Loan
- Line of Credit
- Pre-Approved Loan
Know more about Federal Bank Personal Loan
Know more about PNB Personal Loan
Compare Federal Bank Personal Loan With Other Banks
Compare PNB Personal Loan With Other Banks
- 2021-03-03 : Fullerton India made personal loan disbursal quicker
Fullerton India now offers instant personal loans within just a few clicks.The digital application and paperless process allow customers to avail a personal loan from Fullerton India anywhere, anytime.Fullerton offers personal loans of up to Rs 25 lakhs starting at an attractive interest rate of 11.99% - 2021-03-02 : Banks credit rose by 6.58% and deposits by 11.75%
Reserve Bank of India reported that the Bank credit which involves home, personal, LAP, two-wheeler, gold and education loans along with business and mudra loans grew by 6.58% to Rs 107.04 lakh crore in the fortnight ended February 12. Further, deposits which include FDs and RDs increased by 11.75% to Rs 147.81 lakh crore. - 2021-02-26 : IRDAI gives approval for Axis Entities-Max Life Insurance deal
The Insurance Regulatory and Development Authority of India has given its approval to acquire up to 12% stake in Max Life Insurance by Axis Bank and its subsidiaries, Axis Capital and Axis Securities. The IRDAI approval was an important venture transaction that was first announced in April 2020 - 2021-02-26 : IndusInd Bank to grow loan book by 15-18%
IndusInd Bank is expecting to grow its loan portfolio by 15-18% year-on-year for the next two financial years under its fifth planning cycle.The Bank’s year-on-year growth in advances which include home, personal, LAP, two-wheeler car and gold loan along with business and mudra loan was flat at Rs 2.07 trillion until December 2020. Its deposits which include fixed and recurring deposits, grew by 10% to Rs 2.39 trillion. - 2021-02-26 : Canara Bank organized Mega Retail Expo in Mumbai
Canara bank organized a mega retail expo camp at Gala Auditorium, Patuck Campus in Santacruz (East). The retailers present at the expo displayed salient features of their products which include home, personal, LAP, two-wheeler car and gold loan along with business and mudra loan. A total loan amount of Rs. 224.30 Crores were sanctioned through the expo.

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