Punjab National Bank (PNB) Personal Loan Interest Rates

Disclaimer: Punjab National Bank is not a Paisabazaar partner for personal loans and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Punjab National Bank for personal loans. No offers/services from Punjab National Bank are being provided by Paisabazaar for personal loans. For further information about Punjab National Bank for personal loans, users are required to reach out directly to Punjab National Bank.

In addition, Punjab National Bank offers personal loan scheme ‘Swaagat’ to salaried individuals with end-to-end digital process of loan amount up to Rs. 10 lakh. Further, let’s read on know all the personal loan interest rates offered by Punjab National Bank on its various loan schemes.

Punjab National Bank Personal Loan Interest Rates 2025

The personal loan interest rates offered by Punjab National Bank at 11.00% p.a. onwards and usually based on applicant’s credit score, income, and employment/job stability and existing relationship with the bank.

Punjab National Bank Personal Loan Interest Rates – Latest Update (2025)

Loan Type/Category	Interest Rates
Personal Loan Scheme for Public	11.00% p.a. onwards
Personal Loan Scheme for Pensioners	11.35% p.a. onwards

Punjab National Bank Personal Interest Rates for various Punjab National Bank Loan Schemes

Punjab National Bank Sahyog Rin – Personal Loan for Public

Type	CIC Score	Interest Rates (p.a.)
For paramilitary/defense personals who get salaries through Punjab National Bank (customers under Rakshak Plus Scheme are included)	NA	11.10%
For government employees getting salaries through Punjab National Bank and for central government gazetted officers having no salary account with Punjab National Bank	800	11.35%
	750 less than 800 Or No credit history	12.35%
	680-749	13.35%
	less than 680	13.85%
For corporate/other employees withdrawing their salaries through Punjab National Bank and for government employees not getting salaries through Punjab National Bank	800	12.35%
	750 less than 800 or No credit history	13.35%
	680-749	15.35%
	Less than 680	15.85%
Loan to employees under check-off facility	800	13.85%
	750 less than 800 or No credit history	14.35%
	680-749	16.05%
	Less than 680	16.55%

Digital Personal Loan

Type	CIC Score	Interest Rates (p.a.)
Pre-approved Personal Loan to Central Government/State Government/Private employees/PSUs	800	11.10%
	750 to less than 800 or no credit history (-1 or 0)	12.10%
	700-749 (not applicable to PAPL to Private Employees)	13.10%
Pre-approved Personal Loan to Pensioners	650 and above	11.10%
Pre-approved Personal Loan to existing customers based on QAB and TRV	800 and above	11.10%
	750 to less than 800	13.10%
Pre-approved Personal Loan to existing borrowers of home loan personal loan and car loan	800 and above	11.10%
	750 to less than 800	12.10%

Also Read: How you can build or rebuild your credit score with  Step UP Credit Card Co-branded with SBM Bank India Ltd

Digital Personal loan – Punjab National Bank SWAAGAT (NTB customers)

CIC Score	Interest Rates (p.a.)
800 and above (CIBIL) or equivalent	11.10%
750 to 799 (CIBIL) or equivalent	12.10%
700 to 749 (CIBIL) or equivalent including -1/0/no hit/Nil	13.10%

Punjab National Bank Personal Loan for Pensioners

Type	Interest Rate (p.a.)
Personal Loan for Pensioners (Term Loan/Overdraft/Demand Loan)	11.35%

Punjab National Bank Personal Loan Fixed Interest rates

Punjab National Bank Sahyog Rin – Personal Loan for Public

Type	CIC Score	Interest Rates (p.a.)
For paramilitary/defense personals who get salaries through Punjab National Bank (customers under Rakshak Plus Scheme are included)	NA	12.00%
For government employees getting salaries through Punjab National Bank and for central government gazetted officers having no salary account with Punjab National Bank	800	12.35%
	750 less than 800 Or No credit history	13.35%
	680-749	14.60%
	less than 680	14.85%
For corporate/other employees withdrawing their salaries through Punjab National Bank and for government employees not getting salaries through Punjab National Bank	800	13.35%
	750 less than 800 or No credit history	14.35%
	680-749	16.35%
	Less than 680	16.85%
Loan to employees under check-off facility	800	14.85%
	750 less than 800 or No credit history	15.35%
	680-749	17.05%
	Less than 680	17.55%

Digital Personal Loan

Type	CIC Score	Interest Rates (p.a.)
Pre-approved Personal Loan to Central Government/State Government/Private employees/PSUs	800	12.19%
	750 to less than 800 or no credit history (-1 or 0)	13.10%
	700-749 (not applicable to PAPL to Private Employees)	14.10%
Pre-approved Personal Loan to Pensioners	650 and above	12.10%
Pre-approved Personal Loan to existing customers based on QAB and TRV	800 and above	12.10%
	750 to less than 800	14.10%
Pre-approved Personal Loan to existing borrowers of home loan personal loan and car loan	800 and above	12.10%
	750 to less than 800	13.10%

Digital Personal loan – Punjab National Bank SWAAGAT (NTB customers)

CIC Score	Interest Rates (p.a.)
800 and above (CIBIL) or equivalent	12.10%
750 to 799 (CIBIL) or equivalent	13.10%
700 to 749 (CIBIL) or equivalent including -1/0/no hit/Nil	14.10%

Punjab National Bank Personal Loan for Pensioners

Type	Interest Rate (p.a.)
Personal Loan for Pensioners (Term Loan/Overdraft/Demand Loan)	12.35%

Last updated on 28 April 2025

Punjab National Bank Personal Loan – Features & Benefits

Punjab National Bank offers a wide range of personal loan products to meet various financial needs. Find below the key features and benefits of Punjab National Bank personal loan:​

• Purpose: To meet all types of personal needs, except speculating activities
• Interest Rate: 11.00% p.a. onwards
• Loan Amount: Up to Rs. 20 lakh
• Repayment Tenure: Up to 7 years
• Processing Fees: Up to 1% of the sanctioned loan amount
• Foreclosure/Pre-payment charges: NIL
• Security: Suitable third-party guarantee acceptable
• Margin: Nil
• Pre-approved loan available for eligible customers
• ‘Swaagat’ loan scheme comes with end-to-end digital process

Factors Affecting Personal Loan Interest Rates

Let’s discuss some of the major factors that determine the interest rates of your personal loan:-

Credit Scores

Most banks/NBFCs consider the credit scores of loan applicants when setting their personal loan interest rates. Those having higher credit scores (750 and above) are more likely to get loans at lower interest rates compared to those with lower credit scores. Avoiding multiple loan and/or credit card applications within a short period, paying EMIs and credit card bills on time, and maintaining minimum credit utilisation ratio helps to maintain or improve higher credit scores, and thereby improves your personal loan eligibility.

Moreover, errors in the credit report can also lower your credit score, which is why it is critical to keep track of credit reports at regular intervals, identify such errors and take precautionary measures to avoid this from happening in future.

Income

While Punjab National Bank has not disclosed the differential interest rates of personal loan schemes based on the monthly income of its personal loan applicants,  many lenders consider the monthly income of their personal loan applicants while setting their personal loan interest rates. Loan applicants with higher income usually have higher repayment capacity, which lowers the credit risk for the lender. This benefit is then passed to the personal loan applicant in the form of lower interest rate.

Employer Profile

Most lenders also consider the employer profile of their loan applicants when fixing their interest rates. Banks/NBFCs usually offer personal loans to salaried applicants at lower interest rates than those set for personal loans offered to self-employed applicants. Salaried applicants of PSUs and government are also offered lower interest rates considering their income security and higher job. The applicants working in reputed private sector organisations and MNCs are also offered lower personal loan interest rates as such multinational companies can effectively tackle economic downturns compared to the personal loan applicants working in other private sector organisations. For example, in case of Punjab National Bank Personal loans, government employees maintaining salary accounts with Punjab National Bank are offered lower interest rates than private sector employees.

Existing relationship with the lender

Many lenders offer personal loans at concessional interest rates to applicants having existing lending or deposit accounts with them. Hence, those planning to avail personal loans should always contact the bank or NBFC with whom the concerned applicant already have an existing lending or banking relationship to get personal loan at lower interest rates.

Punjab National Bank Personal Loan Processing Fees

​Punjab National Bank (Punjab National Bank ) applies a processing fee of 1% of the sanctioned loan amount plus applicable taxes on its personal loan offerings.

How to Apply for Punjab National Bank Personal Loan Online

To apply for Punjab National Bank personal loan online, you need to visit Paisabazaar and compare all the available loan products from Punjab National Bank. Look out for the personal loan section, enter your mobile number and authenticate with OTP. Further, enter your basic loan details, select the loan amount from the respective lender and proceed with the loan formalities.

How to Calculate EMI for Punjab National Bank Personal Loan

To calculate your personal loan EMI, you need to access the personal loan EMI calculator and mention the offered interest rate, loan amount and chosen repayment tenure to get a fair idea of the EMIs.

FAQs on Punjab National Bank Personal Loan Insterest rates

What is the current interest rate on Punjab National Bank personal loans?

The present personal loan interest rates offered by Punjab National Bank starts from 11.00% p.a.

What are the processing fees for Punjab National Bank personal loans?

The processing fees charged by Punjab National Bank on its personal loan is 1% of the loan amount plus applicable charges.

How much personal loan can I get from Punjab National Bank?

Punjab National Bank offers personal loans of up to Rs 20 lakh. Your personal loan amount eligibility depends on your income, repayment capacity, credit score, occupation profile and other aspects of your credit profile.

Can I increase my Punjab National Bank personal loan amount after approval?

Once a personal loan is approved and disbursed, you cannot increase your loan amount. You may check with the bank and check if you can apply for a new personal loan, subject to eligibility and repayment capacity. Otherwise, consider another lender for a new personal loan.

Is it possible to get a personal loan from Punjab National Bank with a salary under Rs 20,000?

Punjab National Bank has not specified the minimum salary criteria for availing personal loan. Check with the bank for your personal loan eligibility.

How is the Punjab National Bank personal loan interest rate calculated?

Punjab National Bank calculates the personal loan interest rates generally based on its External Benchmark Lending Rate (EBLR) or RLLR (Repo Linked Lending Rate), along with an additional credit risk premium depending on the borrower’s credit profile.

Does Punjab National Bank offer lower rates to salary account holders?

The interest rates offered by Punjab National Bank remain the same for the salaried or self-employed individuals.

What are the foreclosure charges on Punjab National Bank personal loans?

The bank does not charge any foreclosure/prepayment charges on its personal loan schemes.

Can pensioners apply for a personal loan with Punjab National Bank ?

Yes, pensioners can apply for a personal loan from Punjab National Bank ; however, they need to maintain pension accounts respectively.

Can I get a pre-approved personal loan from Punjab National Bank ?

If you are an eligible customer as per the bank’s criteria, you can get a pre-approved personal loan from Punjab National Bank without documentation.

What is the EMI for Rs. 5 lakh personal loan at 11% interest for 5 years in Punjab National Bank ?

Assuming the personal loan interest rate at 11% p.a., the EMI for Rs. 5 lakh loan is approx. Rs. 10,871, wherein the total interest payable is Rs. 1,52,273 and total payment (principal + interest) is 6,52,273.

Can I apply for a Punjab National Bank personal loan online?

Yes, you can apply for Punjab National Bank  personal loan online on Paisabazaar at competitive interest rates.

What are the prepayment charges for Punjab National Bank personal loans?

Punjab National Bank does not levy any charges for prepaying personal loans from your own funds.