BoB vs PNB Balance Transfer, 2026.
Reviewed by Jay Patel· Last reviewed: stale
A ledger-columns read on Bank of Baroda and Punjab National Bank— rate, EMI, fee, fine print. Which one wins your file, not the pitch deck.
BoB vs PNB — Balance Transfer Comparison
Key parameters compared side by side.
| Parameter | BoB | PNB |
|---|---|---|
| Interest Rate (p.a.) | 8.25% – 9% | 8.3% – 9.05% |
| Processing Fee | 0.25% (max Rs 7,500) | 0.35% (max Rs 10,000) |
| Max Loan Amount | Rs 10 Cr | Rs 8 Cr |
| Max Tenure | 30 Years | 30 Years |
| Bank Type | Public Sector | Public Sector |
| Founded | 1908 | 1894 |
| Headquarters | Vadodara | New Delhi |
Interest Rate (p.a.)
BoB
8.25% – 9%
PNB
8.3% – 9.05%
Lower/better: BoB
Processing Fee
BoB
0.25% (max Rs 7,500)
PNB
0.35% (max Rs 10,000)
Max Loan Amount
BoB
Rs 10 Cr
PNB
Rs 8 Cr
Lower/better: BoB
Max Tenure
BoB
30 Years
PNB
30 Years
Bank Type
BoB
Public Sector
PNB
Public Sector
Founded
BoB
1908
PNB
1894
Headquarters
BoB
Vadodara
PNB
New Delhi
Rates as of April 2026. Subject to change based on RBI policy and bank revisions.
EMI Comparison
Estimated EMI for Rs 50 Lakh balance transfer for 20 years at each bank's lowest rate.
BoB
PNB
Savings: Choosing BoB saves you approximately ₹157 per month, or ₹37,680 in total interest over the loan tenure.
Feature Comparison
Key features offered by BoB and PNB for balance transfer.
| Feature | BoB | PNB |
|---|---|---|
| Lowest BT processing fee | ||
| Top-up facility | ||
| Fast track for Govt employees | ||
| No hidden charges | ||
| Attractive BT rates | ||
| Women borrower discount | ||
| Top-up available | ||
| Quick sanction |
Lowest BT processing fee
Top-up facility
Fast track for Govt employees
No hidden charges
Attractive BT rates
Women borrower discount
Top-up available
Quick sanction
Which Is Better — BoB or PNB?
It depends on your priorities. Here is a quick guide.
Choose BoB If...
- Lower starting interest rate (8.25% vs 8.3%)
- Higher max loan amount (Rs 10 Cr vs 8 Cr)
- Government-backed (public sector bank)
- Lower maximum rate (9% vs 9.05%)
Choose PNB If...
- Government-backed (public sector bank)
Still unsure? Contact Money Matrix Hub for a free personalised recommendation based on your income, credit score, and loan requirement.
Eligibility Comparison
General eligibility criteria for balance transfer at both banks.
BoB Eligibility
- CIBIL score: 650+ preferred
- Min income: Rs 20,000 per month (salaried)
- Self-employed: 3+ years of business vintage
- Age: 21–65 years (salaried), 25–70 years (self-employed)
- Indian resident or NRI (with conditions)
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
PNB Eligibility
- CIBIL score: 650+ preferred
- Min income: Rs 20,000 per month (salaried)
- Self-employed: 3+ years of business vintage
- Age: 21–65 years (salaried), 25–70 years (self-employed)
- Indian resident or NRI (with conditions)
Criteria may vary. Contact Money Matrix Hub for exact eligibility assessment.
Frequently Asked Questions
Common questions about BoB vs PNB balance transfer.
Which bank has a lower balance transfer interest rate in 2026 — BoB or PNB?
BoB currently offers a lower starting rate of 8.25% p.a. for balance transfer. However, the actual rate you receive depends on your credit score, income, and loan amount. Money Matrix Hub can help you get the best negotiated rate from both banks.
What is the maximum balance transfer amount I can get from BoB vs PNB?
BoB offers a higher maximum loan amount of up to Rs 10 Cr. BoB offers up to Rs 10 Cr while PNB offers up to Rs 8 Cr for balance transfer.
Which bank charges a lower processing fee for balance transfer — BoB or PNB?
BoB charges a processing fee of 0.25% (max Rs 7,500), while PNB charges 0.35% (max Rs 10,000). Processing fees are often negotiable, and Money Matrix Hub can help waive or reduce these charges.
Should I choose BoB or PNB for balance transfer in 2026?
The best choice depends on your specific needs. BoB offers rates from 8.25%–9% with a max tenure of 30 years, while PNB offers 8.3%–9.05% with 30 years tenure. Contact Money Matrix Hub for a personalised comparison based on your profile.
Can Money Matrix Hub help me apply for a balance transfer from both BoB and PNB?
Yes. Money Matrix Hub is an authorised DSA partner for both BoB and PNB. We can submit parallel applications at no extra cost and help you pick the best sanction offer. Our service is 100% free for borrowers.
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