PNB vs Canara Home Loan, 2026.
Reviewed by Jay Patel· Last reviewed:
Punjab National Bank and Canara Bank side by side — interest rate, EMI, processing fee and fine print — so you can see which one suits your profile.
PNB vs Canara — Home Loan Comparison
Key parameters compared side by side.
| Parameter | PNB | Canara |
|---|---|---|
| Interest Rate (p.a.) | 7.25% – 9.2% | 7.15% – 10% |
| Processing Fee | 0.35% (min ₹2,500, max ₹15,000) | 0.50% (min ₹1,500, max ₹10,000) + GST |
| 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
7.25% – 9.2%
Canara
7.15% – 10%
Lower/better: Canara
Processing Fee
PNB
0.35% (min ₹2,500, max ₹15,000)
Canara
0.50% (min ₹1,500, max ₹10,000) + GST
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 September 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 listed starting rate.
PNB
Canara
Savings: Choosing Canara saves you approximately ₹303 per month, or ₹72,720 in total interest over the loan tenure.
Feature Comparison
Key features offered by PNB and Canara for home loan.
| Feature | PNB | Canara |
|---|---|---|
| PNB Housing scheme | ||
| Special rate for women | ||
| Charges listed in the Key Fact Statement | ||
| 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
Charges listed in the Key Fact Statement
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 10%)
Choose Canara If...
- Lower starting interest rate (7.15% vs 7.25%)
- Government-backed (public sector bank)
Need context for this comparison? Contact Money Matrix Hub to discuss the displayed lender information. Any service terms and lender decisions should be confirmed before proceeding.
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?
Canara currently shows a lower published starting rate of 7.15% p.a. for home loan. However, the actual rate you receive depends on lender eligibility, current documentation, credit score, income, and loan amount. Money Matrix Hub can help you compare available lender information 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 lists a processing fee of 0.35% (min ₹2,500, max ₹15,000), while Canara lists 0.50% (min ₹1,500, max ₹10,000) + GST. Fees and waivers can depend on lender policy and borrower eligibility, so confirm the current Key Fact Statement before accepting an offer.
Should I choose PNB or Canara for home loan in 2026?
The best choice depends on your specific needs. PNB offers rates from 7.25%–9.2% with a max tenure of 30 years, while Canara offers 7.15%–10% 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?
Money Matrix Hub can help you compare available lender information for PNB and Canara. Any application, credit enquiry, offer, sanction decision, lender fee, and borrower charge are subject to the relevant lender's current policy and documentation.
Also Compare PNB vs Canara
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