Key facts: Punjab National Bank vs SBI home loan
- Starting rate: Punjab National Bank 8.15%, SBI 7.25%. This is the lowest rate each loan provider advertises for a home loan, not the rate everyone is offered.
- Gap between starting rates: 0.9 percentage points between the lowest and the highest.
- Top of the published range: Punjab National Bank up to 8.30%.
- Maximum tenure: Punjab National Bank 30 years, SBI 30 years.
- Type of loan provider: Punjab National Bank is a public sector bank; SBI is a public sector bank. Banks and NBFCs price floating rates differently.
- Official websites: pnb.bank.in, sbi.bank.in.
- Pages checked: 6 official pages opened for this loan type.
- Loan types with a published rate: Punjab National Bank 5, SBI 6 (out of 8 we track).
- EMI on ₹50 lakh over 20 years: Punjab National Bank ₹42,290, SBI ₹39,519 a month, at each starting rate.
- Total interest on the same loan: Punjab National Bank ₹51,49,594, SBI ₹44,84,512.
- 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 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.
Pick SBI if you want
- The lower published starting rate (7.25%)
- The most complete published terms for this loan (4 of 5 details)
Punjab National Bank vs SBI home loan: rate, fees and tenure
Starting home loan rates as published: Punjab National Bank from 8.15% and SBI from 7.25%. SBI is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered.
| Detail | Punjab National Bank | SBI |
|---|---|---|
| Published rate | 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 | 7.25% p.a. onwards (T&C apply), w.e.f. 01.04.2026 |
| Rate basis | Not published | Floating, linked to Repo Rate via EBLR; interest on daily reducing balance |
| Loan amount | Need based; land/plot purchase and repairs capped at Rs 100 lakh | Not published |
| Maximum tenure | 30 years incl. moratorium (construction/purchase/land) | Up to 30 years; repayment to be completed by age 70 |
| Processing fee | Not published | 0.35% of loan amount + GST, min Rs 2,000 max Rs 10,000 (FAQ page) |
| Prepayment / foreclosure | Not published | Prepayment allowed without penalty |
| Eligibility (as published) | Individuals with assured source of regular income (salaried, professionals, self-employed, businessmen, farmers) | Resident of India or NRI; min age 18; EMI/NMI ratio 20% to 70% by income slab |
| Other terms published |
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| Official source | pnb.bank.in/housingloanforpublic.html pnb.bank.in/max-saver-housing-loan.html pnb.bank.in/downloadprocess.aspx | sbi.bank.in/web/interest-rates/interest-rates/loan-schemes-interest-rates/home-loans-interest-rates-current homeloans.sbi.bank.in/faq homeloans.sbi.bank.in/downloads/Processing-Fee-Card-Rates.pdf |
EMI illustration: ₹50 lakh over 20 years
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Punjab National Bank | 8.15% | ₹42,290 | ₹51,49,594 | ₹1,01,49,594 |
| SBI | 7.25% | ₹39,519 | ₹44,84,512 | ₹94,84,512 |
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
Punjab National Bank vs SBI 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 | Punjab National Bank (8.15%) | SBI (7.25%) |
|---|---|---|
| ₹25 lakh | ₹21,145 | ₹19,759 |
| ₹50 lakh | ₹42,290 | ₹39,519 |
| ₹75 lakh | ₹63,435 | ₹59,278 |
| ₹1 crore | ₹84,580 | ₹79,038 |
By tenure, on ₹50 lakh
| Tenure | Punjab National Bank (8.15%) | SBI (7.25%) |
|---|---|---|
| 10 years | ₹61,061 interest ₹23,27,299 | ₹58,701 interest ₹20,44,062 |
| 15 years | ₹48,217 interest ₹36,78,985 | ₹45,643 interest ₹32,15,766 |
| 20 years | ₹42,290 interest ₹51,49,594 | ₹39,519 interest ₹44,84,512 |
| 25 years | ₹39,089 interest ₹67,26,688 | ₹36,140 interest ₹58,42,103 |
| 30 years | ₹37,212 interest ₹83,96,467 | ₹34,109 interest ₹72,79,173 |
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
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)
SBI
Public sector bank · State Bank of India
- How the rate is set: Floating, linked to Repo Rate via EBLR; interest on daily reducing balance
- Eligibility as published: Resident of India or NRI; min age 18; EMI/NMI ratio 20% to 70% by income slab
- Pre-EMI option during construction
- Pre-approved loans / in-principle approval
- 0.05% p.a. concession if woman is main or co-applicant
- Section 80C principal deduction up to Rs 1.5 lakh
Before you apply for a home loan
- 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.
- Fees beyond the rate: Processing fee, legal and technical valuation charges and any administrative charge add to the cost. Ask for the full list in writing.
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.
- 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
- SBI: sbi.bank.in/web/interest-rates/interest-rates/loan-schemes-interest-r... homeloans.sbi.bank.in/faq homeloans.sbi.bank.in/downloads/Processing-Fee-Card-Rates.pdf
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More home loan comparisons
Punjab National Bank vs SBI: 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: Punjab National Bank or SBI?
SBI has the lower published starting home loan rate at 7.25%, against 8.15% at Punjab National Bank. On ₹50 lakh over 20 years the difference in total interest is ₹6,65,082. 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: Punjab National Bank or SBI?
SBI has the lower published starting home loan rate at 7.25%, against 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 Punjab National Bank and SBI?
Punjab National Bank: not published. SBI: 0.35% of loan amount + GST, min Rs 2,000 max Rs 10,000 (FAQ page). Fees can change, so confirm the amount in rupees, with GST, before you accept.
What is the maximum home loan tenure at Punjab National Bank and SBI?
Punjab National Bank: 30 years incl. moratorium (construction/purchase/land). SBI: Up to 30 years; repayment to be completed by age 70. A longer tenure lowers the EMI and raises the total interest.
Can I prepay or foreclose a home loan early at Punjab National Bank and SBI?
Punjab National Bank: not published. SBI: Prepayment allowed without penalty. 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 Punjab National Bank and SBI?
Over 20 years at each loan provider's lowest published rate the monthly EMI is ₹42,290 at Punjab National Bank and ₹39,519 at SBI. This leaves out processing fees, GST and insurance, and your approved rate may be higher.
Who is eligible for a home loan at Punjab National Bank and SBI?
Punjab National Bank: Individuals with assured source of regular income (salaried, professionals, self-employed, businessmen, farmers). SBI: Resident of India or NRI; min age 18; EMI/NMI ratio 20% to 70% by income slab. Each loan provider can ask for more documents once you apply.
Are Punjab National Bank and SBI regulated by the RBI?
Yes. Punjab National Bank is a public sector bank, SBI 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 Punjab National Bank and SBI, 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.