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Punjab National Bank vs State Bank of India Personal Loan
State Bank of India advertises the lower starting rate (10% vs 10.85%). On ₹5 lakh over 3 years that is about ₹7,210 less interest, or ₹200 less per month, at the starting rates.
| PNB | SBI | |
|---|---|---|
| Starting interest rate | 10.85% | 10% |
| EMI for ₹5 lakh, 3 years | ₹16,334 | ₹16,134 |
| Total interest | ₹88,019 | ₹80,809 |
| Processing fee | Not stated | Not stated |
| Prepayment | Not stated | Not stated |
| Maximum tenure | - | - |
Source: Punjab National Bank official page, checked 2 November 2026.
Source: State Bank of India 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, PNB or SBI personal loan?
State Bank of India advertises the lower starting rate (10% vs 10.85%). On ₹5 lakh over 3 years that is about ₹7,210 less interest, or ₹200 less per month, at the starting rates. Your actual rate may differ from the starting rate.