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PNB Personal Loan


Loan Name Interest Rate Processing Fee Loan Amount Tenure
PNB Personal Loan Scheme for Public MCLR + 1% 1.80% of loan amount up to Rs 50 lakhs 60 months
Details
Documents Required

  • Duly filled in application form along with a recent passport sized photographs
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport
  • Identity card of current employment for Professionals 
  • PAN Card
  • Statement of bank account for the last 6 months
  • Income Proof Details for salaried individuals – Form 16 for the last 2 years, Latest Salary Slip for 3 months
Benefits

  • Lowest Interest Rates
  • Easy equated monthly instalments available for borrowers
  • The applicant can either choose to repay the loan within the remaining period of service or maximum of 60 equated monthly instalments whichever is earlier
  • Prepayment charges for a personal loan are nil.
Eligibility

  • The applicant has to be an employee of State or Central government or Permanent Defense Personnel or officials of Military Station Headquarters or Border Security Force or Central Reserve Force or Indo Tibetan Border Police or Central Industrial Security Force
  • The applicant can be permanent employees of reputed schools or colleges or Universities or Hospitals or Nursing Homes or Autonomous Bodies or Professionally qualified to practising Doctors
  • The applicant should be a resident Indian.
Other Details

  • The minimum amount of loan is Rs 50000
  • The maximum amount of loan is Rs 400000 or 20 times the net monthly salary (whichever is lower)
  • In Metro centres, the applicant should have a net monthly salary of Rs 15000
  • In Urban centres, the applicant should have a net monthly salary of Rs 12500
  • In the case of Semi-Urban or rural centres, the applicant should have a net monthly salary of Rs 10000
  • Processing Fee is 1.80% of the loan amount
  • Documentation Charges for up to Rs 2 lakhs is Rs 270
  • Documentation Charges for above Rs 2 lakhs is Rs 450
Personal Loan Scheme for Pensioners MCLR + 3.55% - MCLR + 6.55% 1.80% of loan amount maximum Rs 20,00,000 up to 60 months
Details
Documents Required

  • Duly filled in application form along with a recent passport sized photographs
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport
  • Identity card of current employment
  • PAN Card
  • Statement of bank account for the last 6 months
  • Income Proof Details – Form 16 for the last 2 years, Latest Salary Slip for 3 months
Benefits

  • This loan is specially meant for pensioners who draw their pension at Punjab National Bank.
  • To meet the personal needs of the borrowers including the medical expenses.
  • The tenure of the loan is spread over 60 months if the age of the borrower is less than 75 years.
  • Those aged above 75 years, the maximum equated monthly instalments is 24.
Eligibility

  • The applicants should be pensioners who withdraw their pension from Punjab National Bank’s branches.
  • The applicant should be a resident Indian.
Other Details

  • The maximum loan amount up to the age of 70 years is Rs 10 lakhs or 18 times of net monthly pension. In case of defence pensioners, it is 20 times of net monthly pension (whichever is lower)
  • For applicants who are aged above 70 years and up to 75 years, the maximum loan amount is Rs 7,50,000 or 18 times of net monthly pension, in case of the defence pensioners – 20 times of net monthly pension (whichever is lower)
  • If the age of the applicant is above 75 years – the maximum loan amount is Rs 5,00,000 or 12 months of pension amount (whichever is lower)
PNB Doctor’s Delight – Personal Loan Scheme for Doctors MCLR + 2% 0.9% of loan amount + applicable taxes maximum Rs 15,00,000 up to 84 months
Details
Documents Required

  • Duly filled in application form along with a recent passport sized photographs
  • Proof of Identification (Any One): Passport/ PAN/ Election ID Card/ Driver’s License
  • Proof of Residence or Address (Any One): Aadhar Card/ Driving License/ Utility Bills including water bill, electricity bill, LPG bill, telephone bill/ Passport
  • Identity card of current employment
  • PAN Card
  • Statement of bank account for the last 6 months
  • Income Proof Details – Form 16 for the last 2 years, Latest Salary Slip for 3 months
Benefits

  • Prepayment charges are Nil
  • Minimal processing fee
  • Lower Documentation fee
  • Tenure of the loan is spread over 84 months
  • If borrowers maintain salary account with PNB then they will get a concession of 1% on interest rate
Eligibility

  • The applicant should be Indian.
  • The applicant should be a professionally qualified practising or serving doctor.
  • The net annual income of the applicant should be Rs 5,00,000 and above
  • The applicants should be taxpayers for the last two years.
  • The applicant should have continued occupancy at the current place of residence for a minimum of 2 years. (This rule is not applicable for those doctors who are government employees or are employed in institutions)
Other Details

  • Processing Fee is 0.9% of loan amount+ applicable taxes
  • Documentation charges is Rs 450 + applicable taxes
  • The minimum loan amount is Rs 2,00,000
  • Maximum loan amount is Rs 15,00,000 or 20 times the monthly net income (whichever is lower)

FAQs

Q: What are the features of Punjab National Bank (PNB) personal loan?

A: Punjab National Bank is the most preferred bank when it comes to applying for a personal loan.

PNB bank offers the number of advantages including:

  • Attractive Rate of Interest
  • Availability of Various Discounted Schemes
  • No Hidden Charges
  • Zero Prepayment Charges
  • Quick Loan Approval
  • Availability of Online Loan Request

Q: Who is eligible for securing a Punjab National Bank personal loan?

A: Punjab National Bank offers personal loans only for salaried individuals who are earning more than the minimum stipulated amount per month depending on the city of their residence. The minimum monthly income required for Punjab National Bank personal loan is Rs. 15,000 per month. If you fall into this group, you can definitely apply for a Punjab National Bank personal loan.

Q: What is the maximum loan amount PNB provides for the personal loan borrowers?

A: PNB provides personal loan for salaried applicants only. The maximum loan amount will be 20 times the monthly net salary as it mainly depends on the borrower's income.

Q: What is the tenure for repayment in PNB for a personal loan?

A: Punjab National Bank offers a personal loan with a tenure period ranging between 12 months to 60 months making it affordable and suitable for all customers.

Q: What is the procedure of disbursal of a personal loan in PNB?

A: The personal loan amount can be disbursed in two ways, either as an overdraft or a term loan. The customer can select any one option from these two.

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