Punjab National Bank (PNB) Personal Loan

Punjab National Bank offers three personal loan schemes with interest rates starting at as low as 10.15% p.a. and attractive repayment terms.
• Interest Rate – 10.15% p.a. – 16.70% p.a.
• Loan Amount – Up to Rs.20 lakh
• Loan Tenure – Up to 84 months
• Processing Fee – Up to 1% of the loan amount

Punjab National Bank offers personal loans up to Rs.20 lakh under the ‘Personal Loan Scheme for Public’ scheme at interest rates starting from just 11.15% p.a.The repayment tenure extends up to 72 months, and the processing fees levied is up to 1% of the loan amount.

The bank also offers loans of up to Rs.20 lakh under the ‘PNB Doctor’s Delight – Personal Loan Scheme to Doctor’ scheme for a maximum tenure of up to 84 months.

This lender offers personal loans to help you meet your immediate financial expenses. Whether you need to consolidate your debt, pay for your child’s wedding, take off on an exotic vacation, or anything of the sort, personal loans from Punjab National Bank can be availed at attractive rates to help you fulfill your dreams.

PNB Personal Loan Fees and Charges

Loan Schemes	Interest Rate	Processing Fees
Personal Loan Scheme for Public	11.15% p.a. onwards	1% of the loan amount
PNB Doctor’s Delight – Personal Loan Scheme to Doctors	10.15% p.a. onwards	0.90% of the loan amount plus taxes as applicable
Personal Loan Scheme for Pensioners	11.50% p.a. onwards	Nil

Loan Amount Details for Various Schemes

Personal Loan Scheme for Public
• Up to 24 times of the gross monthly income of the applicant subject to a maximum amount of Rs.20 lakh.

Personal Loan Scheme for Doctors
• Rs.2 lakh to Rs.20 lakh or 24 times of the gross monthly income, whichever is lower. This is subject to a minimum net annual income of Rs.5 lakh or more.

• Personal Loan Scheme for Pensioners
• Rs.25,000 to Rs.10 lakh or 18 times of the net monthly pension for pensioners who are up to 70 years old.
• Rs.25,000 to Rs.10 lakh or 20 times of the net monthly pension for defence pensioners who up to 70 years old.
• Rs.25,000 to Rs.7.5 lakh or 18 times of the net monthly pension for pensioners who are between 70 and 75 years old, whichever is lower.
• Rs.25,000 to Rs.7.5 lakh or 18 times of the net monthly pension for defence pensioners who are between 70 and 75 years old, whichever is lower.
• Rs.25,000 to Rs.5 lakh or 12 months’ worth of pension amount for pensioners who are older than 75 years of age, whichever is lower.

Eligibility Criteria

Here are the eligibility criteria for Personal Loan Scheme for Public:

• Must be a permanent or confirmed defence personnel, such as officials of Central Reserve Police Force, Military Station Headquarters, Indo Tibetan Border Police, Central Industrial Security Force, Border Security Force, etc.
• Must be a permanent or confirmed employee of the State or Central Government, Public Sector Units, or reputed institutions or colleges including schools, autonomous bodies, universities, nursing homes, hospitals, etc. who draw their salary via Punjab National Bank accounts.
• Must be professionally qualified doctors whose annual income is Rs.4 lakh or more.

Eligibility criteria for Personal Loan Scheme for Doctors:
• Must be a professionally qualified doctor whose net annual income is Rs.5 lakh or more.
• Must have a continued occupancy at the present residence for at least two years.
• Eligibility Criteria for Personal Loan Scheme for Pensioners: Must be a pensioner who draws pension through a Punjab National Bank branch.

Documents Required for PNB Loan

• Duly completed loan application form with photographs
• Form 16 or latest salary slips in case of salaried individuals
• Income Tax Returns for the past 3 financial years along with address proof and age proof in case of self-employed individuals
• Any other documents as requested by the bank

FAQs on PNB Personal Loan

1. How to contact Punjab National Personal loan Bank customer care?

You can contact the bank through any of the following ways:

• Call the toll-free numbers: 1800 180 2222 and 1800 103 2222
• Call the tolled number 0120-2490000
• Call the landline number 011-28044907
• Email the bank at care@pnb.co.in
2. Are there any extra fees or charges applicable to a Punjab National Bank personal loan?
Yes. Customers who avail a personal loan will have to pay processing fees which will be deducted from the loan amount at the time of disbursal. Those who avail the personal loan scheme for public will have to pay up to 1% of the loan amount as processing fees, while those who avail the personal loan scheme for doctors will have to pay 0.90% of the loan amount as processing fees. Customers who avail the loan scheme for pensioners will not have to pay any extra fees or charges when availing the loan.

3. How will the disbursal of my personal loan take place?
Usually, your personal loan from Punjab National Bank will be disbursed to your bank account after your application has been approved and you meet all the eligibility criteria established by the bank.

4. I am a doctor who wants to apply for a personal loan from Punjab National Bank. Is it advisable to go for Personal Loan Scheme for Public or Personal Loan Scheme for Doctors?
Doctors are advised to go for Personal Loan Scheme for Doctors as the processing fee is slightly lower in comparison with the Personal Loan Scheme for Public.

5. How do I get the best interest rate on a Punjab National Bank personal loan?
In order to get the best possible interest rate on a Punjab National Bank personal loan, you will have to ensure that your credit score is high. You will also have to ensure that you have little to no liabilities in the form of other loans or credit card dues. Your income will also play a crucial role in determining the interest rate applicable to your personal loan.

6. How do I apply for a Punjab National Bank personal loan?
You can apply for a personal loan from Punjab National Bank by visiting a branch of the bank or online through the website of the bank. You could also apply for a personal loan through third party sites such as Bankzila.

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