Head to head · verified 23 Aug 2026
SBI vs PNB Home Loan: Rates, EMI & Fees
SBI's home loan starts at 7.25% and PNB's at 7.20% p.a. (verified 23 Aug 2026). On ₹50 lakh over 20 years, PNB's starting rate saves ₹152 a month and ₹36,322 in interest over the loan.
Two public-sector banks with near-identical starting rates. PNB publishes a wide range up to its worst-case rate; SBI publishes only the floor.
SBI EMI · ₹50 lakh
₹39,519
At 7.25%, 20 years
PNB EMI · ₹50 lakh
₹39,367
At 7.20%, 20 years
RBI raised the repo rate to 5.50% on 7 Oct 2026
Side by Side
All 9 terms we track, from each bank's own rate pages. ✓ marks the better term.
| SBI | PNB | |
|---|---|---|
| Interest Rate Range | 7.25% p.a. onwards | 7.20% – 10.25% p.a. (better) |
| Rate Type & Benchmark | Floating / Repo-linked (EBR) | Floating / Repo-linked (EBR) |
| Processing Fee | 0.35% (min ₹2,000 · max ₹10,000) | 0.35% (min ₹2,500 · max ₹15,000) |
| Prepayment / Foreclosure Charges | NIL (floating rate) | NIL (floating rate) |
| Typical Processing Time | 7 – 10 working days (better) | 10 – 15 working days |
| Maximum Tenure | 30 years | 30 years |
| Maximum Loan Amount | ₹10 Cr | ₹10 Cr |
| Insurance Bundling | Optional | Optional |
| Govt. Scheme Compatible | Yes (PMAY-U 2.0) | Yes (PMAY-U 2.0) |
Sources: sbi.bank.in, pnb.bank.in. Last verified 23 Aug 2026. We take no commission from either bank.
SBI vs PNB: EMI Difference
Monthly EMI at each bank's starting rate over 20 years.
| Loan amount | SBI 7.25% | PNB 7.20% | Difference / month | Over the loan |
|---|---|---|---|---|
| ₹25 lakh | ₹19,759 | ₹19,684 | ₹75 | ₹18,161 |
| ₹50 lakh | ₹39,519 | ₹39,367 | ₹152 | ₹36,322 |
| ₹75 lakh | ₹59,278 | ₹59,051 | ₹227 | ₹54,480 |
| ₹1 crore | ₹79,038 | ₹78,735 | ₹303 | ₹72,641 |
Starting rates go to the strongest credit profiles. Compare the rates you are actually offered: the gap can be wider or reverse.
Processing Fee with GST
What you pay upfront, including 18% GST.
| Loan amount | SBI | PNB |
|---|---|---|
| ₹25 lakh | ₹10,325 | ₹10,325 |
| ₹50 lakh | ₹11,800 | ₹17,700 |
| ₹75 lakh | ₹11,800 | ₹17,700 |
| ₹1 crore | ₹11,800 | ₹17,700 |
SBI: 0.35% (min ₹2,000 · max ₹10,000). PNB: 0.35% (min ₹2,500 · max ₹15,000).
Which Should You Choose?
Choose SBI if…
Best for government and salaried employees who want the lowest headline rate backed by a PSU bank with nationwide branches.
- you need the money sooner (7 – 10 working days)
Choose PNB if…
Best for central government employees and pensioners who can access PNB's concessional rates and branch network.
- you qualify for the lower starting rate (7.20% – 10.25% p.a.)
Frequently Asked Questions
Which is better, SBI or PNB for a home loan?
PNB has the lower starting rate (7.20% vs 7.25%). Across the 9 terms we compare, SBI is better on 1 and PNB on 1. SBI suits government and salaried employees who want the lowest headline rate backed by a PSU bank with nationwide branches. PNB suits central government employees and pensioners who can access PNB's concessional rates and branch network.
What is the EMI difference between SBI and PNB on ₹50 lakh?
Over 20 years, the EMI on ₹50 lakh is ₹39,519 at SBI's 7.25% and ₹39,367 at PNB's 7.20%: a difference of ₹152 a month, or ₹36,322 in total interest.
Which charges less to prepay, SBI or PNB?
SBI: NIL (floating rate). PNB: NIL (floating rate). RBI bars prepayment charges on floating-rate loans to individuals for non-business use.
Which processes a home loan faster?
SBI typically takes 7 – 10 working days and PNB 10 – 15 working days, from complete documents to sanction.
Go Further
Add more banks to this comparison
Open it in the interactive tool and compare up to 4 banks.
SBI home loan interest rate
EMI tables, fees with GST and how it prices against repo.
PNB home loan interest rate
EMI tables, fees with GST and how it prices against repo.
Rate Predictor
Estimate the rate your credit profile is likely to get.
Other Comparisons
Educational information, not financial advice or a loan offer. Rates are as published by each bank on the verification date; your sanctioned rate depends on your credit profile. Confirm the final terms in the Key Facts Statement before you sign.