PNB vs Canara Home Loan, 2026.
Reviewed by Jay Patel· Last reviewed: stale
A ledger-columns read on Punjab National Bank and Canara Bank— rate, EMI, fee, fine print. Which one wins your file, not the pitch deck.
PNB vs Canara — Home Loan Comparison
Key parameters compared side by side.
| Parameter | PNB | Canara |
|---|---|---|
| Interest Rate (p.a.) | 8.3% – 9.2% | 8.3% – 9.25% |
| Processing Fee | 0.35% (min Rs 2,500, max Rs 15,000) | 0.50% (max Rs 10,000) |
| Max Loan Amount | Rs 8 Cr | Rs 5 Cr |
| Max Tenure | 30 Years | 30 Years |
| Bank Type | Public Sector | Public Sector |
| Founded | 1894 | 1906 |
| Headquarters | New Delhi | Bengaluru |
Interest Rate (p.a.)
PNB
8.3% – 9.2%
Canara
8.3% – 9.25%
Processing Fee
PNB
0.35% (min Rs 2,500, max Rs 15,000)
Canara
0.50% (max Rs 10,000)
Max Loan Amount
PNB
Rs 8 Cr
Canara
Rs 5 Cr
Lower/better: PNB
Max Tenure
PNB
30 Years
Canara
30 Years
Bank Type
PNB
Public Sector
Canara
Public Sector
Founded
PNB
1894
Canara
1906
Headquarters
PNB
New Delhi
Canara
Bengaluru
Rates as of April 2026. Subject to change based on RBI policy and bank revisions.
EMI Comparison
Estimated EMI for Rs 50 Lakh home loan for 20 years at each bank's lowest rate.
PNB
Canara
Feature Comparison
Key features offered by PNB and Canara for home loan.
| Feature | PNB | Canara |
|---|---|---|
| PNB Housing scheme | ||
| Special rate for women | ||
| No hidden charges | ||
| Pan-India branch network | ||
| Canara Home Loan scheme | ||
| Special rates for SC/ST borrowers | ||
| Doorstep service | ||
| No pre-closure charges |
PNB Housing scheme
Special rate for women
No hidden charges
Pan-India branch network
Canara Home Loan scheme
Special rates for SC/ST borrowers
Doorstep service
No pre-closure charges
Which Is Better — PNB or Canara?
It depends on your priorities. Here is a quick guide.
Choose PNB If...
- Higher max loan amount (Rs 8 Cr vs 5 Cr)
- Government-backed (public sector bank)
- Lower maximum rate (9.2% vs 9.25%)
Choose Canara 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 home loan at both banks.
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.
Canara 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 PNB vs Canara home loan.
Which bank has a lower home loan interest rate in 2026 — PNB or Canara?
PNB currently offers a lower starting rate of 8.3% p.a. for home loan. 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 home loan amount I can get from PNB vs Canara?
PNB offers a higher maximum loan amount of up to Rs 8 Cr. PNB offers up to Rs 8 Cr while Canara offers up to Rs 5 Cr for home loan.
Which bank charges a lower processing fee for home loan — PNB or Canara?
PNB charges a processing fee of 0.35% (min Rs 2,500, max Rs 15,000), while Canara charges 0.50% (max Rs 10,000). Processing fees are often negotiable, and Money Matrix Hub can help waive or reduce these charges.
Should I choose PNB or Canara for home loan in 2026?
The best choice depends on your specific needs. PNB offers rates from 8.3%–9.2% with a max tenure of 30 years, while Canara offers 8.3%–9.25% 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 home loan from both PNB and Canara?
Yes. Money Matrix Hub is an authorised DSA partner for both PNB and Canara. We can submit parallel applications at no extra cost and help you pick the best sanction offer. Our service is 100% free for borrowers.
Also Compare PNB vs Canara
Related Home Loan Comparisons
View Individual Bank Pages
Want Jay to compare your rate across 40+ banks?
Jay or Rushik will reply on WhatsApp — usually within a few hours. Free, no obligation.