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Independent comparison based on RBI benchmarks, lender disclosures, and real borrower approval patterns for FY 2025-26.
8.4%
8.5%
0.1%
₹1.0L
Reviewed by Fincado Research Team · Updated Feb 2026
Punjab National Bank offers a lower interest rate of 8.4% compared to Bajaj Finserv's 8.5%. This can save you approximately ₹1.0 lakhs on a ₹50 lakh loan over 20 years.
| Parameter | Punjab National Bank | Bajaj Finserv |
|---|---|---|
| Starting Interest Rate | 8.4% p.a. | 8.5% p.a. |
| Maximum Interest Rate | 10.15% | 12% |
| Processing Fee | Up to 0.50% | Up to 0.50% |
| Digital Approval | Partial | Yes |
| Prepayment Charges | Zero | Zero |
*Lower is better. Rates are p.a.
Salaried Employees
Both banks favor stable income profiles. Punjab National Bank offers better long-term rates.
Faster Disbursal
Private banks typically offer 3-7 day approvals vs 10-15 days for PSU banks.
Lowest Total Cost
Punjab National Bank's 8.4% rate results in lower lifetime interest.
Self-Employed
Private banks offer flexible income assessment and digital documentation.
Choose Punjab National Bank if your priority is long-term cost efficiency with the lowest interest rate (8.4%). Choose Bajaj Finserv if approval speed, digital convenience, and premium customer service matter more to you.
Our analysis is built on deep-dive research into RBI Benchmarks and lender-specific disclosures. We verify every interest rate and fee structure against real-world borrower approvals to ensure the highest level of accuracy for Indian home buyers.