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Compare Personal Loan - PNB vs HDFC Bank

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Bank
Parameters
Interest Rate
Interest Rate
8.95% - 14.50%
10.25% - 22.00%
Processing Fees
Processing Fees
1.8% + Taxes
Upto 2.50% Min Rs. 999
Loan Amount
Loan Amount
₹ 50,000 to ₹ 15 Lakh
₹ 50,000 to ₹ 75 Lakh
Loan Tenure
Loan Tenure
12 to 60 Months
12 to 60 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,073
₹ 2,137
Part Payment Charges
Part Payment Charges
Allowed after 0 months at Nil prepayment charges
Allowed after 12 months at 2-4%
Foreclosure Charges
Foreclosure Charges
Allowed after 0 months at Nil prepayment charges
Allowed after 12 months at 2 - 4%
Eligible Age
Eligible Age
21 to 58 Years
21 to 60 Years
Minimum Income
Minimum Income
₹ 30,000
₹ 25,000
Current Work Experience
Current Work Experience
0 Months
1 Month
Total Work Experience
Total Work Experience
0 Months
12 Months
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.5/5.0
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Compare EMI of PNB and HDFC Bank Personal Loan

Loan Amount PNB HDFC Bank
₹ 1 Lakh ₹ 2,073 ₹ 2,137
₹ 5 Lakh ₹ 10,367 ₹ 10,685
₹ 10 Lakh ₹ 20,734 ₹ 21,370
₹ 12 Lakh ₹ 24,881 ₹ 25,644

Which is a better bank for Personal Loan – PNB or HDFC Bank?

PNB offers lower Personal Loan EMI at 2073 on a Personal Loan for 60 Months as compared to HDFC Bank with a minimum EMI of 2137 for 60 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 HDFC 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:

  • Lowest Interest rate of PNB Personal Loan is 8.95%, which is lower than the lowest interest rate of HDFC Bank at 10.25%. Hence, PNB is offering a cheaper loan option.
  • When compared on other Personal Loan charges such as processing fees, PNB charges a processing fees of 1.8% + Taxes while HDFC Bank charges a processing fees of Upto 2.50% Min Rs. 999.
  • HDFC Bank offers Personal Loan upto an amount of ₹ 75 Lakh while PNB offer Personal Loan upto an amount of ₹ 15 Lakh. HDFC Bank can be a better option if you are looking for a high value amount.
  • One feature that makes Personal Loan a better option is foreclosure facility. PNB gives the option to close the loan after Zero months at Nil prepayment charges and HDFC Bank gives the option to close the loan after 12 months at 2 - 4%. This makes PNB a better option for Personal Loan.
  • HDFC Bank and PNB allow part payment on Personal Loan after 12 months at 2-4%. HDFC Bank applies a charge of 2-4% and PNB charges Nil charges on Personal Loan.
  • HDFC Bank has an average customer ratings of 4.5, while has an average customer rating of , based on which it is clear that HDFC Bank has a high customer service focus, an easy Personal Loan process and a quick turnaround.

Which bank offers lower interest rate on Personal Loan – PNB or HDFC Bank?

As per the current rates, PNB offers a lower interest rate of 8.95% on Personal Loan when compared to HDFC Bank which offers a Personal Loan at 10.25%.

Know all about Personal Loan

Know more about PNB Personal Loan

Know more about HDFC Bank Personal Loan

Compare PNB Personal Loan With Other Banks

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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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