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

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

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

Features

1. Low processing fees
2. Nil prepayment charges
3. No hidden fees
4. The choice to repay only the interest during the initial period
5. Low interest rates

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

Popular Home Loan products

1. SBI Regular Home Loan
2. SBI Balance Transfer of Home Loan
3. SBI NRI Home Loan
4. SBI FlexiPay Home Loan
5. SBI Privilege Home Loan
6. SBI Shaurya Home Loan
7. SBI Pre-approved Home Loan
8. SBI Realty Home Loan
9. SBI Home Top Up Loan
10. SBI Bridge Home Loan
11. SBI Smart Home Top Up Loan
12. SBI YONO Insta Home Top-Up Loan
13. SBI Corporate Home Loan
14. SBI Home Loan to Non-Salaried - Differential offerings
15. SBI Tribal Plus
16. SBI Earnest Money Deposit
17. SBI Reverse Mortgage Loan
18. SBI CRE (Commercial Real Estate) Home Loan
19. SBI Loan against Property (P-LAP)

1. PNB Max Saver
2. PNB Pride Housing Loan for Government Employees
3. PNB Housing Loan for Public
4. PNB Gen-Next Housing Finance Scheme for Public
5. 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