A "low interest" loan shouldn't mean you have very little interest in paying it back!
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. 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 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 |
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| 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 |
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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