|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|
|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|
|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|
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:
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.