Punjab National Bank (PNB) Personal Loan

Note: The above-mentioned interest rates, fees, and charges may change and shall depend on the sole discretion of PNB and RBI. Interest rates are updated as on Jan 2022.

PNB Personal Loan Interest Rates

1. PNB Sahyog Rin – Personal Loan for Public

2. PNB Doctor’s Delight – Personal Loan Scheme for Doctors

3. Personal Loan for Pensioners

4. Personal Loan to fight Covid

Check Your Free Credit Score to know personal loan eligibility Check Now

Comparison of PNB Personal Loan vs. Other Lenders

Also Know: Which bank offers low interest rates on personal loans in India?

Fees & Charges

Personal Loan Scheme for Public

Personal Loan to Doctors

Personal Loan to Pensioners

Personal Loan for Covid

Types of PNB Personal Loan

Personal Loan for Public

• Purpose: To fulfill all the personal financial requirements like medical emergencies, wedding, education, domestic/foreign travel, 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 (Waived off till 31st December 2021)

Personal Loan Scheme for Doctors

• Purpose: To meet the professional/personal financial 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: For personal financial needs of pensioners drawing pension through PNB
• 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

PNB Sahyog Covid-19- Personal Loan for Public/ PNB Abhar RIN Covid-19- Personal Loan for Pensioners

• Purpose: For treatment of Covid of self or any family member of salary and pension account holders drawing their salary/pension through PNB
• Rate of Interest: 8.20% p.a.
• Loan Amount: Up to Rs 3 lakh (6 times the average of last 6 months’ salary/pension)
• Tenure: 5 years
• Processing Charges: NIL

PNB Covid Suraksha- Personal Loan Scheme for self-employed (other than pensioners and salaried)

• Purpose: For treatment of Covid-19 of self or affected family members.
• Rate of Interest: 8.20% p.a.
• Loan Amount: Up to Rs 1 lakh (5 times the average net monthly income of last 2 years)
• Tenure: Up to 5 years (60 years of age)
• Processing Charges: NIL

Eligibility for PNB 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 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

For Covid-19 Personal Loans

For Public:

All the private and government salaried applicants with salary accounts in PNB and drawing continuous salary for the last 12 months.

For Pensioners:

All types of pensioners drawing pension through PNB

For self-employed other than salaried and pensioners:

• Only self-employed applicants with minimum annual gross income of Rs 3 lakh for past 2 years
• Maintaining the savings/current account with PNB for at least 2 years
• ITR for the last 2 years

PNB Personal Loan EMI Calculator

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.

FAQs

Q. I am not drawing my pension through Punjab National Bank. Can I apply for PNB’s Personal Loan Scheme for Pensioners?

No, to apply for Personal Loan Scheme for Pensioners, you need to draw your pension from Punjab National Bank.

Q. Can I prepay my Punjab National Bank personal loan? Are there any prepayment charges involved?

If you avail the Personal Loan Scheme For Public or PNB Doctor’s Delight you can prepay your personal loan without any prepayment charges.

Q. How can I contact Punjab National Bank for queries and assistance?

You can get in touch with Punjab National Bank customer care team via any of the following means given below:

• You can call on Toll-free numbers: 1800-180-2222 or 1800-103-2222
• You can send an email to care@pnb.co.in with details of your query

Q. What is the nature of the loan facility offered by Punjab National Bank?

With Punjab National Bank you have the option to avail personal loan in the form of an overdraft or a term loan.

Please Note: Punjab National Bank is not a Paisabazaar partner. Offers would be from partner Banks/NBFCs only.