SBI Bank vs PNB Bank Home Loan

Category

SBI Home Loan

PNB Housing Finance

Purpose

Home purchase/ construction /renovations/ home extensions/ plot purchase

House/ flat construction/ purchase of house/ flat/ house additions/ repairs/ renovations/ furnishing/ plot purchase

Loan amount

Rs.5 lakh - Rs.10 crore

Purchase of flat/house: Based on your eligibility Purchase of plot/ land: Up to Rs.1 crore Renovation/ repair/ alteration: Up to Rs.25 lakh

Maximum loan tenure

Up to 30 years

Up to 30 years

Interest type

Fixed/ Floating

Fixed/ Floating

Applicants

Salaried/Self-Employed Professionals and Non-Professionals

Salaried/Self-employed

Processing fee

Starts at 0.35% of the loan amount

0.35% of the loan amount (min.Rs.2,500; max.Rs.15,000) + Documentation charges of Rs.1,350

Interest rate

8.40% p.a. - 10.70% p.a.

8.55% p.a. - 9.70% p.a.

EMI per lakh

Rs.762

Rs.772

Age of the applicant

Minimum: 18 years Maximum: 70 years

Minimum: 18 years Maximum: 70 years

Prepayment charges

Nil

Nil

Pros

• Lower interest rates for women borrowers
• Interest calculated on daily reducing balance to maximise savings
• Loan also available as overdraft

• Lower interest rates for women borrowers
• Some home loan products do charge any processing fees
• Loan also available as overdraft where surplus funds can be deposited

Features

• Low processing fees
• Nil prepayment charges
• No hidden fees
• The choice to repay only the interest during the initial period
• Low interest rates

• Nil prepayment charges
• Lower interest rates for women borrowers
• No maximum limit on the loan amount (If prescribed LTV is maintained)
• Tenure up to 30 years

Popular Home Loan products

• SBI Regular Home Loan
• SBI Balance Transfer of Home Loan
• SBI NRI Home Loan
• SBI FlexiPay Home Loan
• SBI Privilege Home Loan
• SBI Shaurya Home Loan
• SBI Pre-approved Home Loan
• SBI Realty Home Loan
• SBI Home Top Up Loan
• SBI Bridge Home Loan
• SBI Smart Home Top Up Loan
• SBI YONO Insta Home Top-Up Loan
• SBI Corporate Home Loan
• SBI Home Loan to Non-Salaried - Differential offerings
• SBI Tribal Plus
• SBI Earnest Money Deposit
• SBI Reverse Mortgage Loan
• SBI CRE (Commercial Real Estate) Home Loan
• SBI Loan against Property (P-LAP)

• 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

Residency type

Indian Resident/ Non-Resident Indians

Indian Resident/ Non-Resident Indians

Concession for women borrowers

0.05% on the prevailing interest rate

0.05% on the prevailing interest rate