Key facts: Bank of Baroda vs Punjab National Bank vs Tata Capital personal loan
- Starting rate: Bank of Baroda 10.40%, Punjab National Bank 11.25%, Tata Capital 10.99%. This is the lowest rate each loan provider advertises for a personal loan, not the rate everyone is offered.
- Gap between starting rates: 0.85 percentage points between the lowest and the highest.
- Top of the published range: Bank of Baroda up to 17.75%, Tata Capital up to 33%.
- Maximum tenure: Bank of Baroda 7 years, Punjab National Bank 6 years, Tata Capital 6 years.
- Type of loan provider: Bank of Baroda is a public sector bank; Punjab National Bank is a public sector bank; Tata Capital is an NBFC. Banks and NBFCs price floating rates differently.
- Official websites: bankofbaroda.bank.in, pnb.bank.in, tatacapital.com.
- Pages checked: 4 official pages opened for this loan type.
- Loan types with a published rate: Bank of Baroda 4, Punjab National Bank 5, Tata Capital 6 (out of 8 we track).
- EMI on ₹5 lakh over 5 years: Bank of Baroda ₹10,722, Punjab National Bank ₹10,934, Tata Capital ₹10,869 a month, at each starting rate.
- Total interest on the same loan: Bank of Baroda ₹1,43,332, Punjab National Bank ₹1,56,019, Tata Capital ₹1,52,123.
- 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 Bank of Baroda if you want
- The lowest published starting rate (10.40%)
- 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.
Pick Tata Capital if you want
- The most complete published terms for this loan (5 of 5 details)
Bank of Baroda vs Punjab National Bank vs Tata Capital personal loan: rate, fees and tenure
Starting personal loan rates as published: Bank of Baroda from 10.40%, Punjab National Bank from 11.25% and Tata Capital from 10.99%. 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. Bank of Baroda lists the longer maximum tenure (84 months (govt employees with bob salary account)).
| Detail | Bank of Baroda | Punjab National Bank | Tata Capital |
|---|---|---|---|
| Published rate | 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 | 10.99% to 33% p.a. (APR 10.99% to 45%) |
| Rate basis | Floating: Repo-linked (BRLLR) + spread; fixed: 1-year MCLR + spread | Not published | Not published |
| Loan amount | 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 | ₹75,000 (EMI calculator range) to ₹35,00,000 (EMI calculator range) |
| Maximum tenure | 84 months (govt employees with BoB salary account) | Salaried 72 EMIs (defence 60); self-employed 60 EMIs or age 65 | 72 months |
| Processing fee | 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 | Up to 5% of loan amount + GST |
| Prepayment / foreclosure | Not published | Nil | Part-prepayment: nil up to 25% of disbursed amount; 6.5% within 12 months of first disbursal, 4.5% after |
| 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 | Salaried: confirmed govt/PSU/reputed institution employees with 2 yrs service, salary via PNB account | No minimum CIBIL stated; 725+ gets better rates, below 700 rates rise |
| Other terms published |
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| Official source | bankofbaroda.bank.in/loans/personal-loan/baroda-personal-loan | pnb.bank.in/personalloanforpublic.html pnb.bank.in/downloadprocess.aspx | tatacapital.com/personal-loan/rates-and-charges.html |
EMI illustration: ₹5 lakh over 5 years
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| 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 |
| Tata Capital | 10.99% | ₹10,869 | ₹1,52,123 | ₹6,52,123 |
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
Bank of Baroda vs Punjab National Bank vs Tata Capital 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 | Bank of Baroda (10.40%) | Punjab National Bank (11.25%) | Tata Capital (10.99%) |
|---|---|---|---|
| ₹1 lakh | ₹2,144 | ₹2,187 | ₹2,174 |
| ₹3 lakh | ₹6,433 | ₹6,560 | ₹6,521 |
| ₹5 lakh | ₹10,722 | ₹10,934 | ₹10,869 |
| ₹10 lakh | ₹21,444 | ₹21,867 | ₹21,737 |
| ₹20 lakh | ₹42,889 | ₹43,735 | ₹43,475 |
By tenure, on ₹5 lakh
| Tenure | Bank of Baroda (10.40%) | Punjab National Bank (11.25%) | Tata Capital (10.99%) |
|---|---|---|---|
| 1 year | ₹44,051 interest ₹28,612 | ₹44,249 interest ₹30,990 | ₹44,188 interest ₹30,262 |
| 2 years | ₹23,165 interest ₹55,957 | ₹23,362 interest ₹60,688 | ₹23,302 interest ₹59,238 |
| 3 years | ₹16,228 interest ₹84,196 | ₹16,429 interest ₹91,430 | ₹16,367 interest ₹89,212 |
| 5 years | ₹10,722 interest ₹1,43,332 | ₹10,934 interest ₹1,56,019 | ₹10,869 interest ₹1,52,123 |
| 7 years | ₹8,404 interest ₹2,05,961 | Above its stated maximum | 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
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
Tata Capital
NBFC · Tata Capital Limited
- Eligibility as published: No minimum CIBIL stated; 725+ gets better rates, below 700 rates rise
- Instant or quick approval
- Minimal documentation
- Flexible repayment tenure
- Hybrid Term Loan option
Before you apply for a personal loan
- Fixed or floating: Most personal loans carry a fixed rate. If yours is fixed, ask what the foreclosure charge is before you borrow.
- Credit score: Your score decides where you land between the starting rate and the top of the range. A lower score can push the offer well above the advertised rate.
- Insurance and add-ons: Loan insurance and other bundled products are usually optional. Ask for them to be removed if you do not want them.
- Total repayable amount: Compare the APR and the total you will repay, both shown in the Key Fact Statement, not only the monthly EMI.
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.
- 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
- Tata Capital: tatacapital.com/personal-loan/rates-and-charges.html
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More personal loan comparisons
Bank of Baroda vs Punjab National Bank vs Tata Capital: 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: Bank of Baroda, Punjab National Bank or Tata Capital?
Bank of Baroda has the lowest published starting personal loan rate at 10.40%, against 11.25% at Punjab National Bank and 10.99% at Tata Capital. On ₹5 lakh over 5 years the difference in total interest is ₹12,687. 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: Bank of Baroda, Punjab National Bank or Tata Capital?
Bank of Baroda has the lowest published starting personal loan rate at 10.40%, against 11.25% at Punjab National Bank and 10.99% at Tata Capital. The published ranges run to Bank of Baroda up to 17.75% and Tata Capital up to 33%, so the rate you are offered can sit well above the starting rate.
What is the personal loan processing fee at Bank of Baroda, Punjab National Bank and Tata Capital?
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. Tata Capital: Up to 5% of loan amount + GST. Fees can change, so confirm the amount in rupees, with GST, before you accept.
What is the maximum personal loan tenure at Bank of Baroda, Punjab National Bank and Tata Capital?
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. Tata Capital: 72 months. A longer tenure lowers the EMI and raises the total interest.
Can I prepay or foreclose a personal loan early at Bank of Baroda, Punjab National Bank and Tata Capital?
Bank of Baroda: not published. Punjab National Bank: Nil. Tata Capital: Part-prepayment: nil up to 25% of disbursed amount; 6.5% within 12 months of first disbursal, 4.5% after. 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 Bank of Baroda, Punjab National Bank and Tata Capital?
Over 5 years at each loan provider's lowest published rate the monthly EMI is ₹10,722 at Bank of Baroda, ₹10,934 at Punjab National Bank and ₹10,869 at Tata Capital. This leaves out processing fees, GST and insurance, and your approved rate may be higher.
Who is eligible for a personal loan at Bank of Baroda, Punjab National Bank and Tata Capital?
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. Tata Capital: No minimum CIBIL stated; 725+ gets better rates, below 700 rates rise. Each loan provider can ask for more documents once you apply.
Are Bank of Baroda, Punjab National Bank and Tata Capital regulated by the RBI?
Yes. Bank of Baroda is a public sector bank, Punjab National Bank is a public sector bank, Tata Capital is an NBFC, 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 Bank of Baroda, Punjab National Bank and Tata Capital, 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.