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Compare PNB vs Tata Capital Personal Loan

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Bank
Interest Rate
Interest Rate
8.80% - 13.30%
10.49% - 17.99%
Processing Fees
Processing Fees
1.8% + Taxes
Upto 2.50% of Loan Amount
Loan Amount
Loan Amount
₹ 50,000 to ₹ 15 Lakh
₹ 75,000 to ₹ 25 Lakh
Loan Tenure
Loan Tenure
12 to 60 Months
12 to 72 Months
Lowest EMI Per Lakh
Lowest EMI Per Lakh
₹ 2,066
₹ 1,877
Part Payment Charges
Part Payment Charges
Allowed after 0 months at Nil prepayment charges
Allowed after 6 months at Nil prepayment charges
Foreclosure Charges
Foreclosure Charges
Allowed after 0 months at Nil prepayment charges
Allowed after 6 months at Rs. 1,000 to Rs. 5,000
Eligible Age
Eligible Age
21 to 58 Years
21 to 58 Years
Minimum Income
Minimum Income
₹ 30,000
₹ 20,000
Current Work Experience
Current Work Experience
NA
3 Months
Total Work Experience
Total Work Experience
NA
24 Months
Customer Ratings (Read Reviews)
Customer Ratings (Read Reviews)
4.6/5.0
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Compare Personal Loan EMI of PNB and Tata Capital

Loan Amount PNB Tata Capital
₹ 1 Lakh ₹ 2,066 ₹ 1,877
₹ 5 Lakh ₹ 10,331 ₹ 9,387
₹ 10 Lakh ₹ 20,661 ₹ 18,774
₹ 12 Lakh ₹ 24,794 ₹ 22,529

Which is a better bank for Personal Loan – PNB or Tata Capital?

Tata Capital offers lower Personal Loan EMI at Rs. 1877 for 72 Months compared to PNB with a minimum EMI of Rs. 2066 for 60 Months. In addition, average customer ratings for Tata Capital is currently at 4.6/5.0, making it a good choice for taking a Personal Loan.

How does PNB Personal Loan compare with Tata Capital Personal Loan?

It is important to make a detailed comparison of PNB and Tata Capital 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 Loan is 8.80%, which is lower than the lowest interest rate of Tata Capital at 10.49%. Hence, PNB is offering a cheaper loan option.
  • Compared to other Personal Loan charges such as processing fees, PNB charges a processing fee of 1.8% + Taxes, while Tata Capital charges a processing fee of Upto Upto 2.50% of Loan Amount.
  • Tata Capital offers Personal Loan upto an amount of ₹ 25 Lakh, while PNB offers Loan upto an amount of ₹ 15 Lakh. Therefore, Tata Capital can be a better option if you are looking for a high value amount.
  • One feature that makes Personal Loan a better option is the foreclosure facility. PNB gives the option to close the loan after Zero months at Nil prepayment charges and Tata Capital gives the option to close the loan after 6 months at Rs. 1,000 to Rs. 5,000. This makes PNB a better option for Personal Loan.
  • PNB and Tata Capital allow part payment on Personal Loan after Zero months at Nil charges. PNB applies a charge of Nil charges and Tata Capital charges Nil charges on Personal Loan.
  • Tata Capital has an average customer rating of 4.6. In contrast, has an average customer rating of , based on which it is clear that Tata Capital has a high customer service focus, an easy process and a quick turnaround.

Which bank offers a lower interest rate on Personal Loan – PNB or Tata Capital?

As per the current rates, PNB offers a lower interest rate of 8.80% on loans compared to Tata Capital, which offers a Personal Loan at 10.49%.

Know more about PNB Personal Loan

Know more about Tata Capital Personal Loan

Compare PNB Personal Loan With Other Banks

Compare Tata Capital Personal Loan With Other Banks

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Personal Loan News - Oct 2022
  • 2022-09-12 : Union Bank of India hikes interest rates - home, car EMIs set to rise
    Union Bank of India has increased its marginal cost-based lending rate (MCLR) in the range of 0.05 per cent to 0.35 per cent, which would make the loans from the bank more expensive. MCLR rates for overnight and one-month tenures to 7.00 per cent and 7.15 per cent, thus increasing them by 5 bps. For the three-month tenure, the rates are the same as before and are at 7.25 per cent.
  • 2022-09-09 : HDFC Bank to introduce 10-second personal loan service
    India’s largest private sector lender HDFC Bank is aiming at introducing the 10-seconds loan service for everyone including those who do not have an account with the bank. The bank has been a paradigm pioneer in 10-second loans for existing customers and has been able to deliver this over the past six years.
  • 2022-09-07 : Kotak Mahindra Bank Goes Live with Client Onboarding via Face Authentication
    The bank has become the first to enable client onboarding via face authentication and does not require an additional device except the mobile phone.
  • 2022-09-07 : HDFC Bank Expands Personal Loan in 10 Seconds
    The bank will offer Personal Loan in 30 seconds to all, including self-employed and non-existing customers of HDFC Bank.
  • 2022-08-18 : HDFC bank opens its first all women branch in Kerela`s kozhikode.
    HDFC has opened its first all-women branch in Kozhikode. The branch, located in Cherootty Road, the hub of traders in the district, will have 4 women bankers. HDFC Bank is driving diversity and inclusion within the organization with a special focus on enhancing gender diversity.
*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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