Key facts: Federal Bank vs Punjab National Bank home loan
- Starting rate: Federal Bank 7.35%, 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: 0.8 percentage points between the lowest and the highest.
- Top of the published range: Federal Bank up to 9.50%, Punjab National Bank up to 8.30%.
- Maximum tenure: Federal Bank 30 years, Punjab National Bank 30 years.
- Type of loan provider: Federal Bank is a private bank; Punjab National Bank is a public sector bank. Banks and NBFCs price floating rates differently.
- Official websites: federal.bank.in, pnb.bank.in.
- Pages checked: 5 official pages opened for this loan type.
- Loan types with a published rate: Federal Bank 7, Punjab National Bank 5 (out of 8 we track).
- EMI on ₹50 lakh over 20 years: Federal Bank ₹39,822, Punjab National Bank ₹42,290 a month, at each starting rate.
- Total interest on the same loan: Federal Bank ₹45,57,354, 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.
Pick Federal Bank if you want
- The lower published starting rate (7.35%)
- The most complete published terms for this loan (4 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.
Federal Bank vs Punjab National Bank home loan: rate, fees and tenure
Starting home loan rates as published: Federal Bank from 7.35% and Punjab National Bank from 8.15%. Federal Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered.
| Detail | Federal Bank | Punjab National Bank |
|---|---|---|
| Published rate | 7.35% to 9.50% (term loan); 7.45% to 9.60% (overdraft); loans up to Rs 35 lakh priced 1% higher | 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 | floating, linked to RBI Repo Rate | Not published |
| Loan amount | Rs. 1500 lakhs (page title says up to Rs 15 lakhs; inconsistent) | Need based; land/plot purchase and repairs capped at Rs 100 lakh |
| Maximum tenure | 360 months (30 years) for residents; NRI capped at 20 years | 30 years incl. moratorium (construction/purchase/land) |
| Prepayment / foreclosure | No pre-closure charges; part or full prepayment allowed | Not published |
| Eligibility (as published) | Self-employed residents up to 65 years (80 with co-obligant); NRI age not above 55 at end of tenure | Individuals with assured source of regular income (salaried, professionals, self-employed, businessmen, farmers) |
| Other terms published |
|
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| Official source | federal.bank.in/housing-loan federal.bank.in/loan-rate | 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 |
|---|---|---|---|---|
| Federal Bank | 7.35% | ₹39,822 | ₹45,57,354 | ₹95,57,354 |
| 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
Federal Bank 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 | Federal Bank (7.35%) | Punjab National Bank (8.15%) |
|---|---|---|
| ₹25 lakh | ₹19,911 | ₹21,145 |
| ₹50 lakh | ₹39,822 | ₹42,290 |
| ₹75 lakh | ₹59,733 | ₹63,435 |
| ₹1 crore | ₹79,645 | ₹84,580 |
By tenure, on ₹50 lakh
| Tenure | Federal Bank (7.35%) | Punjab National Bank (8.15%) |
|---|---|---|
| 10 years | ₹58,960 interest ₹20,75,221 | ₹61,061 interest ₹23,27,299 |
| 15 years | ₹45,925 interest ₹32,66,580 | ₹48,217 interest ₹36,78,985 |
| 20 years | ₹39,822 interest ₹45,57,354 | ₹42,290 interest ₹51,49,594 |
| 25 years | ₹36,463 interest ₹59,38,930 | ₹39,089 interest ₹67,26,688 |
| 30 years | ₹34,449 interest ₹74,01,498 | ₹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
Federal Bank
Private bank · The Federal Bank Limited
- How the rate is set: floating, linked to RBI Repo Rate
- Eligibility as published: Self-employed residents up to 65 years (80 with co-obligant); NRI age not above 55 at end of tenure
- Funding of up to 85% of project cost
- Repayment holiday of up to 36 months
- Can be availed in overdraft format
- No pre-closure charges
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
- 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.
- Floating rate resets: A floating rate moves with the loan provider's benchmark, which follows the repo rate. Ask how often it resets and whether the change lands on your EMI or your tenure.
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.
- Federal Bank: federal.bank.in/housing-loan federal.bank.in/loan-rate
- 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
Federal Bank 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: Federal Bank or Punjab National Bank?
Federal Bank has the lower published starting home loan rate at 7.35%, against 8.15% at Punjab National Bank. On ₹50 lakh over 20 years the difference in total interest is ₹5,92,240. 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: Federal Bank or Punjab National Bank?
Federal Bank has the lower published starting home loan rate at 7.35%, against 8.15% at Punjab National Bank. The published ranges run to Federal Bank up to 9.50% and 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 Federal Bank and Punjab National Bank?
Federal Bank: not published. 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 Federal Bank and Punjab National Bank?
Federal Bank: 360 months (30 years) for residents; NRI capped at 20 years. 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 Federal Bank and Punjab National Bank?
Federal Bank: No pre-closure charges; part or full prepayment allowed. 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 Federal Bank and Punjab National Bank?
Over 20 years at each loan provider's lowest published rate the monthly EMI is ₹39,822 at Federal Bank 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 Federal Bank and Punjab National Bank?
Federal Bank: Self-employed residents up to 65 years (80 with co-obligant); NRI age not above 55 at end of tenure. 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 Federal Bank and Punjab National Bank regulated by the RBI?
Yes. Federal Bank is a private 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 Federal Bank 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.