HDFC Home Loan Vs PNB Home Loan

Understanding which is the best home loan for you can only be done by comparing home loan schemes of different banks such as HDFC vs PNB, both of which have attractive interest rates and other features that can make owning your home easier than ever.

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Since the interest rates, tenure, processing fees, etc., can differ from bank to bank, make an informed choice about your home loan by a thorough comparison of both.

Compare HDFC Home Loan Vs Punjab National Bank (PNB) Home Loan

Compare HDFC vs PNB home loan interest rates, eligibility factors, and other important fees and charges in the table given below:

Compare	HDFC Home Loan	PNB Home Loan
Interest Rate	8.60% p.a. onwards	8.55% p.a. onwards
Processing Fees	>For salaried professionals and self-employed professionals: Up to 0.50% of loan amount or Rs.3,000, whichever is higher + taxes For self-employed non-professionals: Up to 1.50% of loan amount or Rs.4,500, whichever is higher + taxes	0.50% of the loan amount or maximum of Rs.20,000 (for loan of up to Rs.3 crore)
Popular Home Loan Products	HDFC Home Loan HDFC Plot Loans Rural Housing Loans House Renovation Loan Home Extension Loan Top Up Loans HDFC Reach Loan Pradhan Mantri Awas Yojana Balance Transfer Loan Against Property Commercial Property Loans Commercial Plot Loans HDFC Home Loan for NRI/PIO	PNB Max Saver PNB Pride Housing Loan for Government Employees PNB Housing Loan for Public PNB Gen-Next Housing Finance Scheme for Public Housing Loan for Public - Pradhan Mantri Awas Yojana - Housing For All
Retail Lending Rate	16.05%	14.00%
Loan Amount	Contact the bank	Contact the bank
Loan Tenure	30 years	30 years
Eligibility	Resident Indian Between 21 to 65 years of age	Indian citizens Between 18 and 70 years of age
Prepayment Charges	Nil	Nil
Penal Interest Rates	24% p.a.	Contact the bank

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Which Bank Offers the Lowest Home Loan Interest Rate - HDFC Vs PNB?

HDFC and PNB both offer home loans that cater to a wide cross-section of the public. HDFC home loans have interest rates that start at 6.70% p.a. with an interest concession of 05 basis points for women borrowers. The bank also offers frequent bonanza offers with special interest rates. HDFC also has adjustable-rate home loans and two-year fixed rate variant home loans. The interest rate also varies according to the quantum of home loans applied for.

PNB's interest rates are linked to the risk profile of the borrower with CIBIL Scores of above 750 getting the lowest interest rates while those less than 700 getting higher interest rates. There are also concessions for women borrowers of up to 0.05%.

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