Kotak vs PNB Home Loan — Which is Better in 2026?

Kotak Home Loan rate is 8.70% vs PNB at 8.50%. PNB offers a lower rate, saving you approximately ₹381/month on a ₹30L 20-year loan. Over the full tenure, this adds up to significant savings — use our EMI calculator below to get your exact figures.

Last updated: April 6, 2026

Kotak

8.70%

Interest rate p.a.

PNB

8.50%

Interest rate p.a.

✓ Better deal

Kotak vs PNB Home Loan — Detailed Comparison

Feature	Kotak	PNB
Interest Rate	8.70%	✓8.50%
Processing Fee	0.50% + GST	0.35% (max ₹15,000)
Tenure	Up to 20 years	Up to 30 years
Eligibility	Salaried/self-employed, 18-65 yrs, min ₹20,000/month	Salaried/self-employed, 18-70 yrs, min ₹25,000/month

Interest Rate

Kotak

8.70%

PNB

8.50%

Processing Fee

Kotak

0.50% + GST

PNB

0.35% (max ₹15,000)

Tenure

Kotak

Up to 20 years

PNB

Up to 30 years

Eligibility

Kotak

Salaried/self-employed, 18-65 yrs, min ₹20,000/month

PNB

Salaried/self-employed, 18-70 yrs, min ₹25,000/month

Verdict

PNB wins on home loan rate (8.50%) vs Kotak (8.70%). Over a 20-year ₹30L loan, the lower rate can save lakhs in interest. That said, evaluate processing fees, prepayment charges, and branch/digital service quality. PSU banks like SBI and PNB also offer the PMAY subsidy seamlessly. HDFC and ICICI tend to offer faster disbursals for salaried customers.

Calculate Your Exact EMI

Compare Kotak vs PNB EMI for your exact loan amount and tenure

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Frequently Asked Questions

Which bank is better for home loan — Kotak or PNB?+

PNB currently offers a lower home loan interest rate. Kotak charges 8.70% while PNB charges 8.50%. However, also compare processing fees, prepayment penalties, and loan-to-value ratios before deciding.

Can I switch my home loan from Kotak to PNB (or vice versa)?+

Yes, home loan balance transfers are allowed. If the rate difference is ≥0.25%, it is usually worth transferring. Factor in foreclosure charges (nil for floating-rate loans post-RBI 2012 circular), processing fees of the new bank, and the break-even period.

What is the EMI on a ₹30L home loan for 20 years?+

At Kotak's rate of 8.70%, the EMI is approximately ₹26,416. At PNB's rate of 8.50%, it is ₹26,035. Use our EMI calculator for exact figures based on your loan amount and tenure.

Related Home Loan Comparisons

🏠 SBI vs Kotak

8.50% vs 8.70%

🏠 SBI vs PNB

8.50% vs 8.50%

🏠 HDFC vs Kotak

8.70% vs 8.70%

🏠 HDFC vs PNB

8.70% vs 8.50%

🏠 ICICI vs Kotak

8.75% vs 8.70%

🏠 ICICI vs PNB

8.75% vs 8.50%

← All bank comparisons EMI Calculator →

Disclaimer: Interest rates shown are indicative as of April 2026 and subject to change without notice. Actual rates depend on your credit score, income, and bank policy. This is for informational purposes only and does not constitute financial advice. Always verify rates with the bank before applying.