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  • Which Bank Has The Best Home Loan Axis or PNB

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    Krushanu Daberao
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    PNB Bank generally offers more affordable terms for home loans compared to Axis Bank. It has lower processing fees ranging from Rs. 8,500 to Rs. 15,000, versus Axis Bank's fees of Rs. 10,000 to Rs. 15,000. Additionally, PNB Bank's interest rates are slightly higher at 7.10-7.80% compared to 6.75% at Axis Bank. Both banks offer flexible repayment periods of up to 30 years and consider factors like income, credit score, and age for loan eligibility.

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    PNB Bank generally offers more affordable terms for home loans compared to Axis Bank. It has lower processing fees ranging from Rs. 8,500 to Rs. 15,000, versus Axis Bank's fees of Rs. 10,000 to Rs. 15,000. Additionally, PNB Bank's interest rates are slightly higher at 7.10-7.80% compared to 6.75% at Axis Bank. Both banks offer flexible repayment periods of up to 30 years and consider factors like income, credit score, and age for loan eligibility.

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    12 views9 pages

    Which Bank Has The Best Home Loan Axis or PNB

    Uploaded by

    Krushanu Daberao
    PNB Bank generally offers more affordable terms for home loans compared to Axis Bank. It has lower processing fees ranging from Rs. 8,500 to Rs. 15,000, versus Axis Bank's fees of Rs. 10,000 to Rs. 15,000. Additionally, PNB Bank's interest rates are slightly higher at 7.10-7.80% compared to 6.75% at Axis Bank. Both banks offer flexible repayment periods of up to 30 years and consider factors like income, credit score, and age for loan eligibility.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 9

    Which bank has the

    best home loan: Axis


    or PNB?
    If you're wondering which bank to choose for your home loan, this presentation
    will help you compare.
    Introduction
    What is a home Why is it important What are we
    loan? to choose the right comparing?
    bank?
    A home loan is a type of loan We'll be comparing Axis Bank
    that allows you to purchase Choosing the right bank can and PNB Bank on different
    or construct a home by save you money on interest parameters like interest rates,
    borrowing money from a rates and processing fees, processing fees, loan
    bank or financial institution. and ensure that you get the eligibility criteria, and
    best possible loan terms. repayment options.
    Background Information

    Axis Bank PNB Bank

    Axis Bank is one of the largest private sector banks in PNB Bank is a nationalized bank in India with a
    India with a wide range of financial products and strong presence across the country and a wide
    services. network of branches.
    Interest Rates
    1 2

    Axis Bank PNB Bank

    Axis Bank offers home loans at competitive PNB Bank offers home loans at interest rates
    interest rates starting from 6.75%. These rates ranging from 7.10% to 7.80%. These rates
    vary depending on the loan amount, tenure, and depend on the loan amount, tenure, and credit
    credit score of the borrower. score of the borrower.
    Processing Fees
    1 Axis Bank

    Axis Bank charges a processing fee of up


    to 1% of the loan amount. The minimum
    PNB Bank 2
    fee is Rs. 10,000 and the maximum fee is
    PNB Bank charges a processing fee of up Rs. 15,000.
    to 0.50% of the loan amount, with a
    minimum fee of Rs. 8,500 and a
    maximum fee of Rs. 15,000. 3 Comparison

    PNB Bank has lower processing fees


    compared to Axis Bank, making it a more
    affordable option.
    Eligibility Criteria
    Axis Bank PNB Bank

    Axis Bank has specific eligibility criteria for home PNB Bank also has specific eligibility criteria for
    loans, including a minimum age of 21 years and home loans, including a minimum age of 21
    a maximum age of 65 years at the time of loan years and a maximum age of 70 years at the
    maturity. The borrower should have a steady time of loan maturity. The borrower should have
    income and a good credit score. a steady income and a good credit score.
    Repayment Options

    Axis Bank PNB Bank

    Axis Bank offers both fixed and floating interest rate PNB Bank also offers both fixed and floating interest
    options for home loans, with flexible repayment rate options for home loans, with flexible repayment
    tenures of up to 30 years. tenures of up to 30 years.
    Conclusion and Recommendation
    1 Our Recommendation 2 Final Thoughts

    Based on our analysis, we recommend PNB Ultimately, your choice of bank depends on
    Bank for its lower processing fees and your individual financial situation and needs.
    competitive interest rates compared to Axis We recommend that you carefully consider all
    Bank. the factors before making a decision.

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