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Kotak Mahindra Bank vs Punjab National Bank Loan Against Property
Kotak Mahindra Bank advertises the lower starting rate (9.15% vs 9.2%). On ₹50 lakh over 15 years that is about ₹26,905 less interest, or ₹149 less per month, at the starting rates.
| Kotak | PNB | |
|---|---|---|
| Starting interest rate | 9.15% | 9.2% |
| EMI for ₹50 lakh, 15 years | ₹51,160 | ₹51,310 |
| Total interest | ₹42,08,882 | ₹42,35,787 |
| Processing fee | Not stated | Not stated |
| Prepayment | Not stated | Not stated |
| Maximum tenure | - | - |
Source: Kotak Mahindra 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, Kotak or PNB loan against property?
Kotak Mahindra Bank advertises the lower starting rate (9.15% vs 9.2%). On ₹50 lakh over 15 years that is about ₹26,905 less interest, or ₹149 less per month, at the starting rates. Your actual rate may differ from the starting rate.