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Processing Fee
nil*
Max Tenure
nil*
Best Rate
10.95%
| Interest Rate | 9.30% to 15.85% p.a. For pensioners - 10.65% p.a. |
| Processing Fee | Up to 1% of the loan amount |
| Loan Tenure | Up to 72 months |
| Loan Amount | Upto Rs. 20 Lakhs |
| Prepayment Charges | Nil |
| Foreclosure Charges | Nil |
| Salary/Income | According to the terms and conditions laid down by the bank. |
| Employment Status | Salaried/Self-employed/Retired employees/Doctors |
| Credit Score | 650 and above |
| Lender | Interest Rates | Processing Fees |
|---|---|---|
| PNB | 9.30% to 15.85% p.a. For pensioners - 10.65% p.a | Up to 1% |
| Axis | 10.25% onwards | 1.5% to 2% |
| HDFC | 11.00% onwards | Up to 2.50% |
| ICICI | 10.75% onwards | Up to 2.50% |
| Citibank | 9.99% p.a. To 16.49% p.a. | 0.25% to 3.00% |
| IndusInd | 11.00% | 2.5% onwards |
| Yes Bank | 10.99% per annum onwards | 2.50% (one-time fee) |
| Shriram City | 11.49% p.a. To 23% p.a. | 2.50% |
| SBI | 10.30%-15.10% | Up to 1.50% |
| Loan Schemes | Interest Rate | Processing Fees | Documentation charges |
|---|---|---|---|
| Personal Loan for Public | 8.90% p.a. - 14.45% p.a. | 1% of the loan amount |
|
| Personal loan scheme for doctors - PNB Doctor’s Delight | 8.90% p.a. | 0.90% of the loan amount plus taxes as applicable. | Rs. 450 |
| Personal loan scheme for pensioners | 9.25% p.a. | Nil | Rs. 500 |
| Aim | To make funds available to the salaried for their personal needs |
| Eligibility | Any salaried individual who has worked with a central or state government body, university, autonomous body, etc. |
| Loan Amount | Up to 24 times of gross monthly salary with a maximum of Rs.20.00 Lakh |
| Margin | Nil |
| Loan Tenure | 5 years or the remaining period of employment |
| Security | Suitable 3rd party guarantee |
| Prepayment charges | Nil |
| Overdraft facility | You can repay it by reducing the drawing power as equivalent to EMI. |
| Aim | To meet expenses for professional or personal needs |
| Eligibility |
|
| Loan Amount |
|
| Repayment Tenure | 1 to 7 years |
| Pre-payment Charges | Nil |
| Margin | Nil |
| Security | Suitable third party guarantee permitted by the bank. or Tangible collateral security equal to 100% of loan amount |
| Aim | To provide financial assistance to those who draw pension through PNB |
| Eligibility | All types of pensioners drawing the same through PNB |
| Loan Amount | Minimum loan amount: Rs.25,000 Maximum loan amount: Rs. 10 Lakhs based on the pensioner’s age. |
| Margin | Nil |
| Security |
|
| Repayment tenure | Can range up to 7 years. If a pensioner ages above 75 years, the repayment tenure is 2 years. |
| Prepayment charges | No prepayment charges levied |
Documents Common To All
Documents For Military/ Paramilitary Personnel
Documents For Salaried Individuals
Documents For Non-salaried individuals
Documents Common To Demand Loan, Term Loan, and Overdraft
For Demand Loan
For Term Loan
For Overdraft
Note: Any additional document as required may be requested by PNB as part of the personal loan application process.
Before you apply for the PNB personal loan, know more about it on CreditMantri. You can go to the bank’s website and apply for the personal loan. You can also apply for PNB personal loans offline by contacting customer care, or by visiting the nearest branch of PNB and submitting the application.
PNB personally offers personal loans for all age groups. Avail this personal loan and enjoy the benefits.
1. What are my loan limits?
Your personal loan limit would be determined by your income and repayment capacity. PNB offers two types of personal loans. They are 1. Personal Loan for Public and 2. Personal Loan for Pensioners drawing through PNB.
2. Can my spouse income be included for calculating the loan amount?
Yes, your spouse's income can be included provided he/she guarantees the loan or the loan is taken jointly.
3. Do I have to pledge some form of security?
No Security is Needed
4. What is the repayment schedule like?
The minimum amount that you are expected to pay every month is the EMI. You are allowed to pay more than the EMI if you wish to, and we do not charge any prepayment penalty.
5. What is EMI?
EMI stands for Equated Monthly Instalments. This instalment comprises both principal and interest components. Use the EMI calculator to find out your monthly payments based on the loan amount, the rate of interest and the repayment period. Choose the combination that best meets your financial resources and requirements.
6. What is the processing fee? Are there any other charges?
The processing fee for personal loan for public is 1.80% of the loan amount and no fees for pensioner scheme. Processing fees have to be paid upfront. There are no hidden costs or other administrative charges.
7. Do I have the option of choosing a fixed or floating rate for the loan?
You have the option to avail the loan with either a fixed interest rate or a floating one. In the case of a fixed rate loan, the interest rate on the loan will remain fixed through the entire tenure of the loan, whereas in the case of a floating rate loan, the interest rate could decline or rise in line with the changes in the Bank's Medium-Term Lending Rate (SBMTLR).
8. How does PNB Personal loan compare with those offered by other banks?
There is total transparency with regard to the rate of interest and the fees charged by us. PNB offers personal loans at the cheapest rates of interest, with no security or collateral PNB offer loans for the longest tenors (60 months), with the flexibility provided to reduce the tenor by prepaying the loan without any penalty. The Bank provides finance for any personal need or requirement; the total amount being determined on the basis of repaying capacity. With an PNB personal loan, you can choose between fixed rates of interest and floating interest rates.
9. How can I apply for the PNB personal loan?
You can either apply online or visit the nearest PNB loan centre for a personal loan.
10. Will there be any charges for prepayment towards my PNB personal loan?
No pre-payment charges are levied towards the personal loan. You can make part-prepayment at the nearest PNB branches.
11. How can I get the best interest rate on PNB personal loans?
In order to get a preferential interest rate on a Punjab National Bank personal loan, you will have to maintain a good credit score. Also, ensure that you do not have much debt in the form of credit card dues or loans. Your income will also play an important role in deciding the interest rate.
12. Is it possible to apply for a personal loan at PNB online?
Yes, you can apply online. Else you can also apply offline by visiting the nearest branch.
13. How can I withdraw money from PNB?
For example: A PNB account holder can withdraw money without using a debit card by submitting a request on PNB One, the bank’s mobile banking app.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application
