Key facts: Axis Bank vs Bank of Baroda vs Punjab National Bank personal loan
- Starting rate: Axis Bank 9.99%, Bank of Baroda 10.40%, Punjab National Bank 11.25%. This is the lowest rate each loan provider advertises for a personal loan, not the rate everyone is offered.
- Gap between starting rates: 1.26 percentage points between the lowest and the highest.
- Top of the published range: Bank of Baroda up to 17.75%.
- Maximum tenure: Bank of Baroda 7 years, Punjab National Bank 6 years. Axis Bank does not state one in months or 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: 5 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 ₹5 lakh over 5 years: Axis Bank ₹10,621, Bank of Baroda ₹10,722, Punjab National Bank ₹10,934 a month, at each starting rate.
- Total interest on the same loan: Axis Bank ₹1,37,264, Bank of Baroda ₹1,43,332, Punjab National Bank ₹1,56,019.
- Last checked: 12 October 2026, on each loan provider's own website.
Who each loan provider suits on a personal loan
Built only from figures the loan providers publish. It says where each one is ahead on paper, not who will approve you.
Pick Axis Bank if you want
- The lowest published starting rate (9.99%)
Pick Bank of Baroda if you want
- The longest maximum tenure (7 years)
Where Punjab National Bank stands
No clear edge on the published figures we could compare for a personal loan. Check the table below and the Key Fact Statement.
Axis Bank vs Bank of Baroda vs Punjab National Bank personal loan: rate, fees and tenure
Starting personal loan rates as published: Axis Bank from 9.99%, Bank of Baroda from 10.40% and Punjab National Bank from 11.25%. Axis Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered. Bank of Baroda lists the longer maximum tenure (84 months (govt employees with bob salary account)).
| Detail | Axis Bank | Bank of Baroda | Punjab National Bank |
|---|---|---|---|
| Published rate | Starting at 9.99% p.a. | Floating 10.40% to 17.75%; fixed 11.00% to 18.05% (varies by category and CIBIL) | 11.25% p.a. (Pre-Approved Personal Loan and PNB Swaagat), effective 10.02.2025 per revised retail rates notice |
| Rate basis | Not published | Floating: Repo-linked (BRLLR) + spread; fixed: 1-year MCLR + spread | Not published |
| Loan amount | Up to Rs 50 lakhs | Rs 1 lakh (metro/urban); Rs 0.50 lakh (rural/semi-urban) to Rs 20 lakh | Salaried up to 24x gross monthly salary capped Rs 20 lakh |
| Maximum tenure | Not published | 84 months (govt employees with BoB salary account) | Salaried 72 EMIs (defence 60); self-employed 60 EMIs or age 65 |
| Processing fee | Not published | Nil for govt employees with BoB salary account; otherwise 1.00% to 2.00% + GST, min Rs 1,000 + GST, max Rs 10,000 + GST | Not published |
| Prepayment / foreclosure | Not published | Not published | Nil |
| Eligibility (as published) | Not published | Min age 21; max age 60 (salaried) / 65 (non-salaried) incl. tenure; FOIR 40%-75%; rate linked to CIBIL, no minimum stated | Salaried: confirmed govt/PSU/reputed institution employees with 2 yrs service, salary via PNB account |
| Other terms published |
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| Official source | axis.bank.in/loans/personal-loan axis.bank.in/loans/personal-loan/interest-rates-charges | bankofbaroda.bank.in/loans/personal-loan/baroda-personal-loan | pnb.bank.in/personalloanforpublic.html pnb.bank.in/downloadprocess.aspx |
EMI illustration: ₹5 lakh over 5 years
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Axis Bank | 9.99% | ₹10,621 | ₹1,37,264 | ₹6,37,264 |
| Bank of Baroda | 10.40% | ₹10,722 | ₹1,43,332 | ₹6,43,332 |
| Punjab National Bank | 11.25% | ₹10,934 | ₹1,56,019 | ₹6,56,019 |
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: Personal loan
Axis Bank vs Bank of Baroda vs Punjab National Bank personal 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 5 years
| Loan amount | Axis Bank (9.99%) | Bank of Baroda (10.40%) | Punjab National Bank (11.25%) |
|---|---|---|---|
| ₹1 lakh | ₹2,124 | ₹2,144 | ₹2,187 |
| ₹3 lakh | ₹6,373 | ₹6,433 | ₹6,560 |
| ₹5 lakh | ₹10,621 | ₹10,722 | ₹10,934 |
| ₹10 lakh | ₹21,242 | ₹21,444 | ₹21,867 |
| ₹20 lakh | ₹42,484 | ₹42,889 | ₹43,735 |
By tenure, on ₹5 lakh
| Tenure | Axis Bank (9.99%) | Bank of Baroda (10.40%) | Punjab National Bank (11.25%) |
|---|---|---|---|
| 1 year | ₹43,956 interest ₹27,467 | ₹44,051 interest ₹28,612 | ₹44,249 interest ₹30,990 |
| 2 years | ₹23,070 interest ₹53,684 | ₹23,165 interest ₹55,957 | ₹23,362 interest ₹60,688 |
| 3 years | ₹16,131 interest ₹80,725 | ₹16,228 interest ₹84,196 | ₹16,429 interest ₹91,430 |
| 5 years | ₹10,621 interest ₹1,37,264 | ₹10,722 interest ₹1,43,332 | ₹10,934 interest ₹1,56,019 |
| 7 years | ₹8,298 interest ₹1,97,033 | ₹8,404 interest ₹2,05,961 | Above its stated maximum |
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 personal loan
Axis Bank
Private bank · Axis Bank Limited
- Instant approval
- No collateral required
- Flexible repayment
- Fully online application
Bank of Baroda
Public sector bank · Bank of Baroda
- How the rate is set: Floating: Repo-linked (BRLLR) + spread; fixed: 1-year MCLR + spread
- Eligibility as published: Min age 21; max age 60 (salaried) / 65 (non-salaried) incl. tenure; FOIR 40%-75%; rate linked to CIBIL, no minimum stated
- Floating and fixed rate options
- Loan up to Rs 20 lakh
- Tenure up to 84 months for eligible govt employees
- Repayment via cheque, bank transfer or cash
Punjab National Bank
Public sector bank · Punjab National Bank
- Eligibility as published: Salaried: confirmed govt/PSU/reputed institution employees with 2 yrs service, salary via PNB account
- No margin required
- No prepayment charges
- Security: suitable third-party guarantee
- Wide range of personal needs
Before you apply for a personal loan
- Total repayable amount: Compare the APR and the total you will repay, both shown in the Key Fact Statement, not only the monthly EMI.
- Existing EMIs: Loan providers look at how much of your monthly income already goes to EMIs. Closing a small loan first can improve the offer.
- Processing fee: Charged upfront, usually as a percentage of the loan plus GST. Ask for the amount in rupees and check whether it is cut from the money you receive.
- Fixed or floating: Most personal loans carry a fixed rate. If yours is fixed, ask what the foreclosure charge is before you borrow.
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/personal-loan axis.bank.in/loans/personal-loan/interest-rates-charges
- Bank of Baroda: bankofbaroda.bank.in/loans/personal-loan/baroda-personal-loan
- Punjab National Bank: pnb.bank.in/personalloanforpublic.html pnb.bank.in/downloadprocess.aspx?fid=E2re2I3i3yXux5sfy5umlw%3D%3D
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More personal loan comparisons
Axis Bank vs Bank of Baroda vs Punjab National Bank: every loan type on one page · All personal loan comparisons · Personal loan guide · Personal loan EMI calculator
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Frequently asked questions
Which is better for a personal loan: Axis Bank, Bank of Baroda or Punjab National Bank?
Axis Bank has the lowest published starting personal loan rate at 9.99%, against 10.40% at Bank of Baroda and 11.25% at Punjab National Bank. On ₹5 lakh over 5 years the difference in total interest is ₹18,755. 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 personal loan interest rate: Axis Bank, Bank of Baroda or Punjab National Bank?
Axis Bank has the lowest published starting personal loan rate at 9.99%, against 10.40% at Bank of Baroda and 11.25% at Punjab National Bank. The published ranges run to Bank of Baroda up to 17.75%, so the rate you are offered can sit well above the starting rate.
What is the personal loan processing fee at Axis Bank, Bank of Baroda and Punjab National Bank?
Axis Bank: not published. Bank of Baroda: Nil for govt employees with BoB salary account; otherwise 1.00% to 2.00% + GST, min Rs 1,000 + GST, max Rs 10,000 + GST. Punjab National Bank: not published. Fees can change, so confirm the amount in rupees, with GST, before you accept.
What is the maximum personal loan tenure at Axis Bank, Bank of Baroda and Punjab National Bank?
Axis Bank: not published. Bank of Baroda: 84 months (govt employees with BoB salary account). Punjab National Bank: Salaried 72 EMIs (defence 60); self-employed 60 EMIs or age 65. A longer tenure lowers the EMI and raises the total interest.
Can I prepay or foreclose a personal loan early at Axis Bank, Bank of Baroda and Punjab National Bank?
Axis Bank: not published. Bank of Baroda: not published. Punjab National Bank: Nil. Ask whether the rate on your loan is fixed or floating, because the charges depend on it.
What is the EMI on a ₹5 lakh personal loan at Axis Bank, Bank of Baroda and Punjab National Bank?
Over 5 years at each loan provider's lowest published rate the monthly EMI is ₹10,621 at Axis Bank, ₹10,722 at Bank of Baroda and ₹10,934 at Punjab National Bank. This leaves out processing fees, GST and insurance, and your approved rate may be higher.
Who is eligible for a personal loan at Axis Bank, Bank of Baroda and Punjab National Bank?
Axis Bank: not published. Bank of Baroda: Min age 21; max age 60 (salaried) / 65 (non-salaried) incl. tenure; FOIR 40%-75%; rate linked to CIBIL, no minimum stated. Punjab National Bank: Salaried: confirmed govt/PSU/reputed institution employees with 2 yrs service, salary via PNB account. 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 personal 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.