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Independent comparison based on RBI benchmarks, lender disclosures, and real borrower approval patterns.
Reviewed by Fincado Research Team
| Parameter | Punjab National Bank | LIC Housing |
|---|---|---|
| Starting Interest Rate | 8.4% p.a. | 8.5% p.a. |
| Maximum Interest Rate | 10.15% | 10.35% |
| Digital Approval | Partial | High / Paperless |
*Lower is better. Rates are p.a.
Best for Salaried Employees
Punjab National Bank typically favors stable income profiles with predictable repayment history.
Best for Faster Disbursal
LIC Housing is better suited for borrowers who value speed and digital tracking.
Lowest Long-Term Interest Cost
PSU banks like Punjab National Bank often result in lower lifetime interest outgo.
Best for Self-Employed
LIC Housing usually offers flexible income assessment for business owners.
Choose Punjab National Bank if your priority is long-term cost efficiency and conservative lending. Choose LIC Housing if approval speed, convenience, and digital servicing matter more.
Compare EMI ImpactOur 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.