Home › Car Loan › Indian Bank vs PNB
Indian Bank vs Punjab National Bank Car Loan
Indian Bank advertises the lower starting rate (7.75% vs 7.9%). On ₹8 lakh over 5 years that is about ₹3,437 less interest, or ₹57 less per month, at the starting rates.
| Indian Bank | PNB | |
|---|---|---|
| Starting interest rate | 7.75% | 7.9% |
| EMI for ₹8 lakh, 5 years | ₹16,126 | ₹16,183 |
| Total interest | ₹1,67,534 | ₹1,70,971 |
| Processing fee | Not stated | Not stated |
| Prepayment | Not stated | Not stated |
| Maximum tenure | - | - |
Source: Indian Bank official page, checked 2 November 2026.
Source: Punjab National Bank official page, checked 2 November 2026.
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Frequently asked questions
Which is cheaper, Indian Bank or PNB car loan?
Indian Bank advertises the lower starting rate (7.75% vs 7.9%). On ₹8 lakh over 5 years that is about ₹3,437 less interest, or ₹57 less per month, at the starting rates. Your actual rate may differ from the starting rate.