Key facts: Axis Bank vs Bank of Baroda vs Punjab National Bank home loan
- Starting rate: Axis Bank 8.20%, Bank of Baroda 7.20%, Punjab National Bank 8.15%. This is the lowest rate each loan provider advertises for a home loan, not the rate everyone is offered.
- Gap between starting rates: 1 percentage points between the lowest and the highest.
- Top of the published range: Punjab National Bank up to 8.30%.
- Maximum tenure: Axis Bank 30 years, Bank of Baroda 30 years, Punjab National Bank 30 years.
- Type of loan provider: Axis Bank is a private bank; Bank of Baroda is a public sector bank; Punjab National Bank is a public sector bank. Banks and NBFCs price floating rates differently.
- Official websites: axis.bank.in, bankofbaroda.bank.in, pnb.bank.in.
- Pages checked: 8 official pages opened for this loan type.
- Loan types with a published rate: Axis Bank 4, Bank of Baroda 4, Punjab National Bank 5 (out of 8 we track).
- EMI on ₹50 lakh over 20 years: Axis Bank ₹42,446, Bank of Baroda ₹39,367, Punjab National Bank ₹42,290 a month, at each starting rate.
- Total interest on the same loan: Axis Bank ₹51,87,159, Bank of Baroda ₹44,48,192, Punjab National Bank ₹51,49,594.
- Last checked: 12 October 2026, on each loan provider's own website.
Who each loan provider suits on a home loan
Built only from figures the loan providers publish. It says where each one is ahead on paper, not who will approve you.
Where Axis Bank stands
No clear edge on the published figures we could compare for a home loan. Check the table below and the Key Fact Statement.
Pick Bank of Baroda if you want
- The lowest published starting rate (7.20%)
- The most complete published terms for this loan (5 of 5 details)
Where Punjab National Bank stands
No clear edge on the published figures we could compare for a home loan. Check the table below and the Key Fact Statement.
Axis Bank vs Bank of Baroda vs Punjab National Bank home loan: rate, fees and tenure
Starting home loan rates as published: Axis Bank from 8.20%, Bank of Baroda from 7.20% and Punjab National Bank from 8.15%. Bank of Baroda is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered.
| Detail | Axis Bank | Bank of Baroda | Punjab National Bank |
|---|---|---|---|
| Published rate | Starting at 8.20% p.a. | Starting @7.20% (product page); spreads BRLLR -0.70% to +1.05% floating (up to Rs 75 lakh) | 8.15% to 8.30% p.a. (PNB Max Saver 8.30%; others start at 8.15%), effective 10.02.2025 per revised retail rates notice |
| Rate basis | Not published | Floating linked to BRLLR (resets monthly); fixed option BRLLR + 1.00% to 2.05% | Not published |
| Loan amount | Up to Rs 5 crore | Rs 1 crore (semi-urban/rural) up to Rs 20 crore (Mumbai), by location | Need based; land/plot purchase and repairs capped at Rs 100 lakh |
| Maximum tenure | Up to 30 years | Up to 30 years incl. moratorium up to 36 months; not beyond age 65 per FAQ | 30 years incl. moratorium (construction/purchase/land) |
| Processing fee | Not published | As printed on page (eff. 01.04.2025, excl. GST): up to Rs 50 lakh '50%' [sic, likely 0.50%], min Rs 8,500, max Rs 15,000 | Not published |
| Prepayment / foreclosure | Not published | Nil; no prepayment penalty | Not published |
| Eligibility (as published) | Not published | Applicant min age 21, max 70; salaried 1 yr / non-salaried 2 yrs; resident Indians, NRIs, PIOs, OCI; individuals only | Individuals with assured source of regular income (salaried, professionals, self-employed, businessmen, farmers) |
| Other terms published |
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| Official source | axis.bank.in/loans/home-loan axis.bank.in/loans/home-loan/interest-rates-charges | bankofbaroda.bank.in/loans/home-loan/baroda-home-loan bankofbaroda.bank.in/loans/home-loan bankofbaroda.bank.in/interest-rate-and-service-charges/retail-loans-interest-rates | pnb.bank.in/housingloanforpublic.html pnb.bank.in/max-saver-housing-loan.html pnb.bank.in/downloadprocess.aspx |
EMI illustration: ₹50 lakh over 20 years
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Axis Bank | 8.20% | ₹42,446 | ₹51,87,159 | ₹1,01,87,159 |
| Bank of Baroda | 7.20% | ₹39,367 | ₹44,48,192 | ₹94,48,192 |
| Punjab National Bank | 8.15% | ₹42,290 | ₹51,49,594 | ₹1,01,49,594 |
Illustration only, at each loan provider's lowest published rate. It leaves out processing fees, GST, insurance and any other charges, and it is not an offer. Your approved rate may be higher.
Read the full guide: Home loan
Axis Bank vs Bank of Baroda vs Punjab National Bank home loan EMI by amount and tenure
Monthly EMI at each loan provider's lowest published rate, on a reducing balance. Fees, GST and insurance are not included, and your offered rate may be higher.
By loan amount, over 20 years
| Loan amount | Axis Bank (8.20%) | Bank of Baroda (7.20%) | Punjab National Bank (8.15%) |
|---|---|---|---|
| ₹25 lakh | ₹21,223 | ₹19,684 | ₹21,145 |
| ₹50 lakh | ₹42,446 | ₹39,367 | ₹42,290 |
| ₹75 lakh | ₹63,670 | ₹59,051 | ₹63,435 |
| ₹1 crore | ₹84,893 | ₹78,735 | ₹84,580 |
By tenure, on ₹50 lakh
| Tenure | Axis Bank (8.20%) | Bank of Baroda (7.20%) | Punjab National Bank (8.15%) |
|---|---|---|---|
| 10 years | ₹61,193 interest ₹23,43,219 | ₹58,571 interest ₹20,28,512 | ₹61,061 interest ₹23,27,299 |
| 15 years | ₹48,362 interest ₹37,05,104 | ₹45,502 interest ₹31,90,421 | ₹48,217 interest ₹36,78,985 |
| 20 years | ₹42,446 interest ₹51,87,159 | ₹39,367 interest ₹44,48,192 | ₹42,290 interest ₹51,49,594 |
| 25 years | ₹39,256 interest ₹67,76,677 | ₹35,979 interest ₹57,93,830 | ₹39,089 interest ₹67,26,688 |
| 30 years | ₹37,388 interest ₹84,59,580 | ₹33,939 interest ₹72,18,188 | ₹37,212 interest ₹83,96,467 |
A longer tenure lowers the EMI and raises the total interest. Pick the shortest tenure your monthly budget can carry.
What each loan provider publishes about its home loan
Axis Bank
Private bank · Axis Bank Limited
- Loan up to Rs 5 crore
- Tenure up to 30 years
Bank of Baroda
Public sector bank · Bank of Baroda
- How the rate is set: Floating linked to BRLLR (resets monthly); fixed option BRLLR + 1.00% to 2.05%
- Eligibility as published: Applicant min age 21, max 70; salaried 1 yr / non-salaried 2 yrs; resident Indians, NRIs, PIOs, OCI; individuals only
- Max Savings option linking savings account
- Finances flat/plot purchase, construction, renovation
- Online application with status tracking
- LTV 90% up to Rs 30 lakh, 80% Rs 30-75 lakh, 75% above
Punjab National Bank
Public sector bank · Punjab National Bank
- Eligibility as published: Individuals with assured source of regular income (salaried, professionals, self-employed, businessmen, farmers)
- Finances construction, purchase, land/plot, additions, renovation
- Margin 20%/10% up to Rs 30 lakh, 20% Rs 30-75 lakh, 25% above Rs 75 lakh
- Repayment holiday up to 18 months for construction
- Max Saver overdraft variant (min Rs 10 lakh)
Before you apply for a home loan
- Prepayment: RBI does not allow pre-closure charges on floating-rate home loans to individuals. Fixed-rate loans can still carry them.
- Tax benefit: Under the old tax regime, interest on a self-occupied home is deductible up to Rs 2 lakh a year under Section 24(b), and principal repaid counts within the Rs 1.5 lakh limit of Section 80C. The new regime does not allow these. Check with your tax adviser.
- Margin: The loan provider funds a share of the property value and you pay the rest as margin. The share you can borrow falls as the property price rises.
- Balance transfer: You can move the loan later to a loan provider with a lower rate. Ask what the new loan provider charges to take it over.
RBI requires every loan provider to hand you a Key Fact Statement before you sign. It shows the rate, every fee, the APR and the total you will repay.
Terms used on this page
Plain meanings of the terms this comparison uses.
Starting rate: The lowest rate a loan provider advertises for a product. Most borrowers are offered a higher rate, because the final rate depends on credit score, income, employer and loan amount.
APR: Annual percentage rate. It adds the processing fee and other charges to the interest rate, so it shows the yearly cost of the loan better than the interest rate alone.
Key Fact Statement: A short summary the loan provider gives you before you sign. It lists the interest rate, every fee, the APR and the total amount you will repay. RBI requires it for retail loans.
Floating rate and repo rate: A floating rate moves with a benchmark, and for banks that is usually the RBI repo rate, the rate at which RBI lends to banks. A fixed rate stays the same for the period you agree.
Processing fee: A one-time charge for handling the application. It is usually a percentage of the loan amount plus GST, and it is often deducted before the money reaches you.
Credit score: A number from 300 to 900 that shows how you have repaid past loans and cards. A higher score usually gets you a lower rate.
Sources and last check
Every figure above is read from the loan provider's own website and was checked on 12 October 2026. A blank means the page does not show that figure, and we never estimate one.
- Axis Bank: axis.bank.in/loans/home-loan axis.bank.in/loans/home-loan/interest-rates-charges
- Bank of Baroda: bankofbaroda.bank.in/loans/home-loan/baroda-home-loan bankofbaroda.bank.in/loans/home-loan bankofbaroda.bank.in/interest-rate-and-service-charges/retail-loans-i...
- Punjab National Bank: pnb.bank.in/housingloanforpublic.html pnb.bank.in/max-saver-housing-loan.html pnb.bank.in/downloadprocess.aspx?fid=E2re2I3i3yXux5sfy5umlw%3D%3D
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More home loan comparisons
Axis Bank vs Bank of Baroda vs Punjab National Bank: every loan type on one page · All home loan comparisons · Home loan guide · Home loan EMI calculator
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Frequently asked questions
Which is better for a home loan: Axis Bank, Bank of Baroda or Punjab National Bank?
Bank of Baroda has the lowest published starting home loan rate at 7.20%, against 8.20% at Axis Bank and 8.15% at Punjab National Bank. On ₹50 lakh over 20 years the difference in total interest is ₹7,38,967. Rate is only one part of the cost, so also compare the processing fee, the prepayment terms and the total repayable amount in the Key Fact Statement.
Which has the lower home loan interest rate: Axis Bank, Bank of Baroda or Punjab National Bank?
Bank of Baroda has the lowest published starting home loan rate at 7.20%, against 8.20% at Axis Bank and 8.15% at Punjab National Bank. The published ranges run to Punjab National Bank up to 8.30%, so the rate you are offered can sit well above the starting rate.
What is the home loan processing fee at Axis Bank, Bank of Baroda and Punjab National Bank?
Axis Bank: not published. Bank of Baroda: As printed on page (eff. 01.04.2025, excl. GST): up to Rs 50 lakh '50%' [sic, likely 0.50%], min Rs 8,500, max Rs 15,000. Punjab National Bank: not published. Fees can change, so confirm the amount in rupees, with GST, before you accept.
What is the maximum home loan tenure at Axis Bank, Bank of Baroda and Punjab National Bank?
Axis Bank: Up to 30 years. Bank of Baroda: Up to 30 years incl. moratorium up to 36 months; not beyond age 65 per FAQ. Punjab National Bank: 30 years incl. moratorium (construction/purchase/land). A longer tenure lowers the EMI and raises the total interest.
Can I prepay or foreclose a home loan early at Axis Bank, Bank of Baroda and Punjab National Bank?
Axis Bank: not published. Bank of Baroda: Nil; no prepayment penalty. Punjab National Bank: not published. Ask whether the rate on your loan is fixed or floating, because the charges depend on it.
What is the EMI on a ₹50 lakh home loan at Axis Bank, Bank of Baroda and Punjab National Bank?
Over 20 years at each loan provider's lowest published rate the monthly EMI is ₹42,446 at Axis Bank, ₹39,367 at Bank of Baroda and ₹42,290 at Punjab National Bank. This leaves out processing fees, GST and insurance, and your approved rate may be higher.
Who is eligible for a home loan at Axis Bank, Bank of Baroda and Punjab National Bank?
Axis Bank: not published. Bank of Baroda: Applicant min age 21, max 70; salaried 1 yr / non-salaried 2 yrs; resident Indians, NRIs, PIOs, OCI; individuals only. Punjab National Bank: Individuals with assured source of regular income (salaried, professionals, self-employed, businessmen, farmers). Each loan provider can ask for more documents once you apply.
Are Axis Bank, Bank of Baroda and Punjab National Bank regulated by the RBI?
Yes. Axis Bank is a private bank, Bank of Baroda is a public sector bank, Punjab National Bank is a public sector bank, and all lend under RBI rules, including the requirement to give you a Key Fact Statement before you sign.
Where do these home loan figures come from?
From the official pages of Axis Bank, Bank of Baroda and Punjab National Bank, opened and checked on 12 October 2026. The sources are listed at the bottom of this page. We show a blank where a loan provider does not publish a figure, and we do not estimate one.
KhatuLoans is not a loan provider and is not paid by the loan providers named here to rank them. Rates, fees and eligibility change; always confirm with the loan provider. Read our editorial policy and how we make money.