PNB Personal Loan Highlights | |
Interest Rate | 10.40% – 16.95% p.a. For pensioners- 11.75% p.a. |
Loan Amount | Up to Rs 20 lakh |
Tenure | Up to 7 years For pensioners- Up to 5 years |
Processing Fees | Up to 1% |
Prepayment Charges | NIL |
Foreclosure Charges | NIL |
Note: Rates as of 5th June 2023
Please Note: Punjab National Bank is not a Paisabazaar partner. Offers would be from partner Banks/NBFCs only.

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Table of Contents
PNB Personal Loan Interest Rates
PNB Personal Loan interest rates have been set on the basis of job profiles, credit scores, employers’, employers’ profiles and salary account relationship of its personal loan applicants.
PNB Sahyog Rin – Personal Loan for Public
Type | CIC Score | Rate of Interest (p.a.) |
For paramilitary/defense personals who get salaries through PNB (customers under Rakshak Plus Scheme are included) | NA | 11.40% |
For government employees getting salaries through PNB and for central government gazetted officers having no salary account with PNB | 800 | 11.75% |
750 less than 800 Or No credit history | 12.75% | |
650-749 | 13.75% | |
less than 650 | 14.25% | |
For corporate/other employees withdrawing their salaries through PNB and for government employees not getting salaries through PNB | 800 | 12.75% |
750 less than 800 or No credit history | 13.75% | |
650-749 | 15.75% | |
Less than 650 | 16.25% | |
Loan to employees under check off facility | 800 | 14.25% |
750 less than 800 or No credit history | 14.75% | |
650-749 | 16.45% | |
Less than 650 | 16.95% |
Also Read: How you can build or rebuild your credit score with Step UP Credit Card Co-branded with SBM Bank India Ltd

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PNB Doctor’s Delight – Personal Loan Scheme for Doctors
Type | CIC Score | Rate of Interest |
PNB Doctor’s Delight-Personal Loan Scheme for Doctors | NA | 11.40% |
PNB Doctor’s Delight-Personal Loan Scheme for Doctors 1% concession for applicants having salary account with PNB Or Maintains receipt collection account with PNB Or With Tangible Collateral Security of 100% of loan amount | NA | 10.40% |
Personal Loan Scheme for Self-employed
CIC Score | Interest Rate (p.a.) |
800 | 12.75% |
750* less than 800 Or With Nil credit history (i.e – 1 or 0) | 13.75% |
Personal Loan for Pensioners
Type | Interest Rate (p.a.) |
Personal Loan for Pensioners (Term Loan/Overdraft/Demand Loan) | 11.75% |

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Comparison of Interest Rates offered by Various Personal Loan Lenders
Banks/NBFCs | Interest Rates(p.a.) | |
HDFC Bank | 10.50% onwards | Apply Now |
SBI | 11.00%-15.00% | |
ICICI Bank | 10.50% onwards | Apply Now |
Axis Bank | 10.49% onwards | Apply Now |
Kotak Mahindra Bank | 10.99% onwards | Apply Now |
IndusInd Bank | 10.49% onwards | Apply Now |
IDFC First Bank | 10.49% onwards | Apply Now |
Bajaj Finserv | 11.00% onwards | Apply Now |
Tata Capital | 10.99% onwards | Apply Now |
Also Know: Lenders offering lower personal loan interest rates

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Processing Fees & Charges
Personal Loan Scheme for Public
Processing Charges |
|
Documentation Charges |
|
Pre-payment Charges | NIL |
Personal Loan to Doctors
Processing Charges | 0.90% of loan amount |
Documentation Charges | Rs 450 |
Pre-payment Charges | NIL |
Personal Loan to Pensioners
Processing Charges | NIL |
Documentation Charges | Rs 500 |
Also know the personal loan processing fees levied by various Banks/NBFCs

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Types of PNB Personal Loan
Personal Loan for Public
Purpose: Regular personal loan scheme to fulfil financial requirements for meeting medical emergencies, domestic/foreign travel expenses, wedding expenses, education, etc.
Loan Amount: Up to Rs 20 lakh (up to 24 times of gross monthly salary)
Tenure: Up to 6 years
Processing Fees: Up to 1% of the loan amount
Personal Loan Scheme for Self-employed
Purpose: Personal loan for self-employed is offered for meeting the personal/business requirements of self-employed individuals
Loan Amount: 10 times of average Gross monthly income of last two years with a maximum of Rs.5.00 Lakh
Tenure: Up to 5 years or 65 years of age, whichever is earlier
Personal Loan Scheme for Doctors
Purpose: Personal loan for doctors is a special finance facility for meeting the professional/personal requirements of doctors
Loan Amount: Rs 2 lakh-20 lakh (up to 24 times of gross monthly income)
Tenure: Up to 7 years
Processing Fees: 0.90% of loan amount
Personal Loan for Pensioners
Purpose: Pension loan is a special personal loan scheme offered to pensioners drawing their pension through PNB for meeting their personal financial needs
Loan Amount:
- Minimum- Rs 25,000
- Maximum- Up to 70 years of age- Up to Rs 10 lakh or 18 times the net monthly pension (20 times for defense pensioner), whichever is lower
- 70 to 75 years- Up to Rs 7.50 lakh or 18 times the net monthly pension (20 times for defense pensioner), whichever is lower
- Above 75 years- Up to Rs 5 lakh, or 12 months of pension amount, whichever is lower
Tenure: 5 years or up to 78 years of age, whichever is earlier
Processing Charges: NIL

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Eligibility for Punjab National Bank Personal Loan
For Public
- For applicants drawing salary from PNB: Permanent employees of state/central government/PSUs with a service of at least 2 years
- For applicants using check off facility: At least 3 years of service tenure
- LIC agents who are less than 60 years of age and have an agency for more than 5 years with stable and regular income and an SF A/c with PNB
For Self-employed
- Self-employed professionals having minimum gross annual income of Rs 6 lakh for last 2 years
- Minimum CIC Score (credit score) of 750 and above
- Applicants maintaining their savings fund/current account satisfactorily with PNB for last two years with minimum annual credit transactions in all savings/current account of the individual in PNB/other banks amounting to Rs 5 lakh in the previous financial year
For Doctors
- Professionally qualified and practicing doctors with a net annual salary of at least 5 lakh
- Should be tax payers for last 2 years
- The applicant should be staying at the current place of residence for continuous 2 years (not applicable to government doctors)
For Pensioners
Applicable to all types of pensioners drawing pension through PNB
Also know about Personal Loan Eligibility Criteria set by top banks/NBFCs

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PNB Personal Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395

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Why Apply for Personal Loan at Paisabazaar?
- Top Offers Under One Roof: With 30+ lenders including top banks, Fintechs and NBFCs as its partners, Paisabazaar lets you access the best available instant personal loan offers from multiple lenders on a single digital platform.
- Compare and Choose: Paisabazaar.com lets you compare personal loan interest rates and other key features such as key fees and charges, disbursal offered by different lenders and choose the most appropriate option for yourself.
- Unbiased Advice & Complete Guidance: Paisabazaar’s team of experts offer unbiased advice, complete guidance and assistance at each step to help you choose the most appropriate option for yourself. The customer-friendly team provides end-to-end assistance to offer you a hassle-free loan experience.
- Chances of Approval and Personalized Offers: With Paisabazaar.com you can access personal loan offers from multiple lenders listed as per your Chances of Approval based on your credit score and other eligibility factors. This feature lets you choose the loan offer that has the highest chances of approval.
- Preapproved Loan Offers: Once you have registered yourself with Paisabazaar.com, you can get access to different personalized preapproved loan offers from multiple lenders, provided you have a healthy credit history. These pre-approved personal loan offers generally offer lower interest rates, minimal or no documentation and processing fee, etc.
- Document Pickup: With Paisabazaar, customers have the option to get their documents picked from their doorstep without any extra charges in case physical documentation is required at any step.
- Digital Process: Paisabazaar.com is a digital platform that lets you carry out the entire loan process online.
Punjab National Bank Personal Loan Customer Care
Toll Free Number for Registering Grievances
1800 103 2222
1800 180 2222
Also refer to PNB Personal Loan Customer Care for details about grievance redressal and PNB personal loan customer care numbers
FAQs
Q. Can I choose between fixed and floating rates while availing personal loan from PNB?
A. Punjab National Bank offers personal loans at floating rates only.
Q. I am not drawing my pension through Punjab National Bank. Can I apply for PNB Personal Loan Scheme for Pensioners?
A. To apply for Punjab National Bank Personal Loan Scheme for Pensioners, you need to draw your pension from PNB.
Q. Can I prepay the personal loan availed from Punjab National Bank?
A. Yes, you can prepay the personal loan availed from Punjab National Bank without incurring any prepayment charges. Part-prepayment is also allowed by the bank.
Q. Do you need any security, collateral or guarantors while applying for Punjab National Bank Personal Loan?
A. No collateral security is required while applying for PNB Personal Loan. However, the applicants need to provide third party guarantee to the bank.
Q. What factors determine the loan limits of personal loan applicants?
A. The loan limits of personal loan applicants depend upon their income and repayment capacity.