Key facts: IDFC FIRST Bank vs Punjab National Bank vs Tata Capital personal loan
- Starting rate: IDFC FIRST Bank 9.99%, 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: 1.26 percentage points between the lowest and the highest.
- Top of the published range: Tata Capital up to 33%.
- Maximum tenure: IDFC FIRST Bank 5 years, Punjab National Bank 6 years, Tata Capital 6 years.
- Type of loan provider: IDFC FIRST Bank is a private bank; Punjab National Bank is a public sector bank; Tata Capital is an NBFC. Banks and NBFCs price floating rates differently.
- Official websites: idfcfirstbank.com, pnb.bank.in, tatacapital.com.
- Pages checked: 4 official pages opened for this loan type.
- Loan types with a published rate: IDFC FIRST Bank 6, Punjab National Bank 5, Tata Capital 6 (out of 8 we track).
- EMI on ₹5 lakh over 5 years: IDFC FIRST Bank ₹10,621, Punjab National Bank ₹10,934, Tata Capital ₹10,869 a month, at each starting rate.
- Total interest on the same loan: IDFC FIRST Bank ₹1,37,264, 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 IDFC FIRST Bank if you want
- The lowest published starting rate (9.99%)
Pick Punjab National Bank if you want
- The longest maximum tenure (6 years)
Pick Tata Capital if you want
- The longest maximum tenure (6 years)
IDFC FIRST Bank vs Punjab National Bank vs Tata Capital personal loan: rate, fees and tenure
Starting personal loan rates as published: IDFC FIRST Bank from 9.99%, Punjab National Bank from 11.25% and Tata Capital from 10.99%. IDFC FIRST Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered. Punjab National Bank lists the longer maximum tenure (salaried 72 emis (defence 60); self-employed 60 emis or age 65).
| Detail | IDFC FIRST Bank | Punjab National Bank | Tata Capital |
|---|---|---|---|
| Published rate | Starts at 9.99% p.a. | 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 | Reducing balance | Not published | Not published |
| Loan amount | ₹50,000 to ₹15 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 | 60 months (min 9 months) | Salaried 72 EMIs (defence 60); self-employed 60 EMIs or age 65 | 72 months |
| Processing fee | 0% to 3.5% of loan amount (incl. GST) | Not published | Up to 5% of loan amount + GST |
| Prepayment / foreclosure | Zero foreclosure charges | Nil | Part-prepayment: nil up to 25% of disbursed amount; 6.5% within 12 months of first disbursal, 4.5% after |
| Eligibility (as published) | Age 21-60; CIBIL 710 or above; salaried or self-employed | 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 | idfcfirst.bank.in/personal-banking/loans/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 |
|---|---|---|---|---|
| IDFC FIRST Bank | 9.99% | ₹10,621 | ₹1,37,264 | ₹6,37,264 |
| 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
IDFC FIRST Bank 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 | IDFC FIRST Bank (9.99%) | Punjab National Bank (11.25%) | Tata Capital (10.99%) |
|---|---|---|---|
| ₹1 lakh | ₹2,124 | ₹2,187 | ₹2,174 |
| ₹3 lakh | ₹6,373 | ₹6,560 | ₹6,521 |
| ₹5 lakh | ₹10,621 | ₹10,934 | ₹10,869 |
| ₹10 lakh | ₹21,242 | ₹21,867 | ₹21,737 |
| ₹20 lakh | ₹42,484 | ₹43,735 | ₹43,475 |
By tenure, on ₹5 lakh
| Tenure | IDFC FIRST Bank (9.99%) | Punjab National Bank (11.25%) | Tata Capital (10.99%) |
|---|---|---|---|
| 1 year | ₹43,956 interest ₹27,467 | ₹44,249 interest ₹30,990 | ₹44,188 interest ₹30,262 |
| 2 years | ₹23,070 interest ₹53,684 | ₹23,362 interest ₹60,688 | ₹23,302 interest ₹59,238 |
| 3 years | ₹16,131 interest ₹80,725 | ₹16,429 interest ₹91,430 | ₹16,367 interest ₹89,212 |
| 5 years | ₹10,621 interest ₹1,37,264 | ₹10,934 interest ₹1,56,019 | ₹10,869 interest ₹1,52,123 |
| 7 years | Above its stated maximum | 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
IDFC FIRST Bank
Private bank · IDFC FIRST Bank Limited
- How the rate is set: Reducing balance
- Eligibility as published: Age 21-60; CIBIL 710 or above; salaried or self-employed
- Zero foreclosure charges
- Tenure 9 to 60 months
- Disbursal in as little as 10 minutes after approval
- Multiple on-demand loans within approved offer
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
- 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.
- 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.
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.
- IDFC FIRST Bank: idfcfirst.bank.in/personal-banking/loans/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
IDFC FIRST Bank vs Punjab National Bank vs Tata Capital: every loan type on one page · All personal loan comparisons · Personal loan guide · Personal loan EMI calculator
Head to head, two at a time
Looking at a car or two-wheeler loan instead? Compare vehicle loans by bank.
Frequently asked questions
Which is better for a personal loan: IDFC FIRST Bank, Punjab National Bank or Tata Capital?
IDFC FIRST Bank has the lowest published starting personal loan rate at 9.99%, 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 ₹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: IDFC FIRST Bank, Punjab National Bank or Tata Capital?
IDFC FIRST Bank has the lowest published starting personal loan rate at 9.99%, against 11.25% at Punjab National Bank and 10.99% at Tata Capital. The published ranges run to 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 IDFC FIRST Bank, Punjab National Bank and Tata Capital?
IDFC FIRST Bank: 0% to 3.5% of loan amount (incl. 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 IDFC FIRST Bank, Punjab National Bank and Tata Capital?
IDFC FIRST Bank: 60 months (min 9 months). 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 IDFC FIRST Bank, Punjab National Bank and Tata Capital?
IDFC FIRST Bank: Zero foreclosure charges. 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 IDFC FIRST Bank, Punjab National Bank and Tata Capital?
Over 5 years at each loan provider's lowest published rate the monthly EMI is ₹10,621 at IDFC FIRST Bank, ₹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 IDFC FIRST Bank, Punjab National Bank and Tata Capital?
IDFC FIRST Bank: Age 21-60; CIBIL 710 or above; salaried or self-employed. 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 IDFC FIRST Bank, Punjab National Bank and Tata Capital regulated by the RBI?
Yes. IDFC FIRST Bank is a private 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 IDFC FIRST Bank, 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.