PNB Bank Personal Loan

Punjab National Bank provides personal loans with a range of features to cater to different needs. For general applicants, the bank offers loans up to 20 lakh at floating interest rates starting from 10.40% per annum, with rates going up to 16.95% per annum, and fixed rates ranging from 11.40% to 17.95% per annum. These loans are available for tenures of up to 7 years. Pensioners can also benefit from the bank's personal loan offerings, which come with a fixed interest rate of 11.75% per annum and a tenure of up to 5 years.

Additionally, the bank provides a personal loan overdraft facility for salaried individuals, which must be repaid within their remaining service period or within a maximum of 6 years. This facility adjusts the Drawing Power (DP) by reducing it by the EMI amount at the start of each month. The processing fee for these loans is capped at 1%, but there are no charges for prepayment or foreclosure.

... Read More

Get Personal Loan upto ₹10 Lakhs in 10 mins!

  • Employment Type

    Punjab National Bank Personal Loan Interest Rates

    Punjab National Bank determines personal loan interest rates based on several factors, including the applicant's job profile, credit score, employer's credentials, and the relationship with the bank through their salary account. These elements collectively influence the interest rates offered to each individual.

     

    1. 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%

     

     

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

     

     

    TypeCIC ScoreRate of Interest
    PNB Doctor’s Delight-Personal Loan Scheme for DoctorsNA11.40%
    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 amountNA10.40%

     

     

     

    3. PNB Personal Loan Scheme for Self-employed

     

     

    CIC ScoreInterest Rate (p.a.)
    80012.75%
    750* less than 800 Or With Nil credit history (i.e – 1 or 0)13.75%

     

     

     

    4. PNB Personal Loan for Pensioners

     

     

    TypeInterest Rate (p.a.)
    Personal Loan for Pensioners (Term Loan/Overdraft/Demand Loan)11.75%

     

    PNB Personal Loan Fixed Interest rates

     1. 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

    12.40%

    For government employees getting salaries through PNB and for central government gazetted officers having no salary account with PNB

    800

    12.75%

    750 less than 800 Or No credit history

    13.75%

    650-749

    14.75%

    less than 650

    15.25%

    For corporate/other employees withdrawing their salaries through PNB and for government employees not getting salaries through PNB

    800

    13.75%

    750 less than 800 or No credit history

    14.75%

    650-749

    16.75%

    Less than 650

    17.25%

    Loan to employees under check off facility

    800

    15.25%

    750 less than 800 or No credit history

    15.75%

    650-749

    17.45%

    Less than 650

    17.95%

     

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

     

    TypeCIC ScoreRate of Interest
    PNB Doctor’s Delight-Personal Loan Scheme for DoctorsNA12.40%
    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 amountNA11.40%

     

    3. PNB Personal Loan Scheme for Self-employed

     

    CIC ScoreInterest Rate (p.a.)
    80013.75%
    750* less than 800 Or With Nil credit history (i.e – 1 or 0)14.75%

     

    4. PNB Personal Loan for Pensioners

     

    TypeInterest Rate (p.a.)
    Personal Loan for Pensioners (Term Loan/Overdraft/Demand Loan)12.75%

    PNB Personal Loan Processing Fees & Charges

     1. PNB Personal Loan Scheme for Public

     

    Processing Charges
    • 1.00% of loan amount
    • For Defense Personals- NIL
    Documentation Charges
    • Up to 2 lakh- 270
    • Above 2 lakh- 450
    • For Defense Personals- NIL
    Pre-payment ChargesNIL

     

    2. PNB Personal Loan to Doctors

    Processing Charges0.90% of loan amount
    Documentation Charges 450
    Pre-payment ChargesNIL

     

    3. PNB Personal Loan to Pensioners

     

    Processing ChargesNIL
    Documentation Charges 500

    PNB Bank Personal Loan EMI Calculator

    Loan Amount

    ₹10k
    ₹20 Lakh

    Rate of Interest

    %

    1%
    30%

    Loan Duration

    Months

    3 Months
    72 Months
    Monthly EMI
    ₹0
    Loan Amount:
    ₹10,000
    Total Interest:
    ₹0
    Total amount:
    ₹0
    Get Instant Loan Offer

    EMI Payment Schedule

    Month
    Principal Paid
    Interest Charged
    Total EMI Payment
    Loan Balance

    Punjab National Bank Personal Loan Interest Rates vs Other Banks

    Banks/NBFCsInterest Rates (p.a.)
    IndusInd Bank10.49% onwards
    HDFC Bank10.50% onwards
    ICICI Bank10.80% onwards
    IDFC First Bank10.99% onwards
    Kotak Mahindra Bank10.99% onwards
    Tata Capital10.99% onwards
    Aditya Birla10.99% onwards
    Axis Bank11.25% onwards
    Federal Bank12.00% onwards
    DMI Finance12.00% - 40.00%
    L&T Finance12.00% onwards

    Punjab National Bank Personal Loan Options

    1. Personal Loan for Salaried Individuals

    • Purpose: This loan is designed to support salaried professionals with personal expenses, including medical treatments, domestic or international travel, wedding costs, and educational expenses.

    • Loan Amount: Up to 20 lakh, which can be up to 24 times the applicant's gross monthly salary.

    • Tenure: Repayment period extends up to 6 years.


    1. Personal Loan for Self-Employed Professionals

    • Purpose: Tailored for self-employed individuals such as Chartered Accountants, Company Secretaries, Data Analysts, Architects, LIC Agents, Engineers, and Software Developers. Applicants should have maintained a savings or current account with PNB for at least 2 years.

    • Loan Amount: Up to 10 times the average gross monthly income of the last two years, with a maximum limit of 5 lakh.

    • Tenure: The loan can be repaid over a period of up to 5 years or until the applicant turns 65 years old, whichever comes first.


    1. Personal Loan for Doctors

    • Purpose: This loan is available to doctors with a net annual income of 5 lakh or more, to help with both professional and personal financial needs.

    • Loan Amount: Ranges from 2 lakh to 20 lakh, or up to 24 times the gross monthly income, whichever is lower.

    • Tenure: The loan term extends up to 7 years.


    1. Personal Loan for Pensioners

    • Purpose: Offered to pensioners receiving their pensions through Punjab National Bank, this loan helps cover personal expenses.

    • Loan Amount: For applicants up to 70 years of age: Up to 10 lakh or 18 times the net monthly pension (20 times for defense pensioners), whichever is lower.

      • For applicants up to 70 years of age: Up to 10 lakh or 18 times the net monthly pension (20 times for defense pensioners), whichever is lower.

      • For applicants aged 70 to 75 years: Up to 7.5 lakh or 18 times the net monthly pension (20 times for defense pensioners), whichever is lower.

      • For applicants over 75 years: Up to 5 lakh or 12 times the monthly pension, whichever is lower.

    • Tenure: The loan is available for up to 5 years or until the applicant turns 78 years old, whichever occurs first.


    Eligibility Criteria for Punjab National Bank Personal Loans

    1. Eligibility for Public Sector Employees

    • Permanent Employees: Individuals employed permanently with the State or Central Government, Public Sector Units (PSUs), or reputed schools, colleges, universities, autonomous bodies, hospitals, and nursing homes, who have been with their current organization (or previous ones) for a minimum of 2 years, are eligible. It’s essential that these employees receive their salaries through Punjab National Bank (PNB).

    • Check-Off Facility Applicants: Employees using the check-off facility must have a minimum of 3 years of service, including tenure with any previous employers.


    1. Eligibility for Self-Employed Professionals

    • Professionals: This category includes Chartered Accountants (CA), Company Secretaries (CS), Data Analysts, Architects, Engineers, Software Developers, and Financial Consultants. To qualify, they must demonstrate a minimum gross annual income of 6 lakh for the past 2 years.

    • Credit Score Requirement: A minimum Credit Information Report (CIC) score of 750 is required.

    • Account Maintenance: Applicants must have maintained a savings or current account with PNB for at least 2 years, with total annual credit transactions amounting to at least 5 lakh across all accounts (including those at other banks) in the previous financial year.


    1. Eligibility for Doctors

    • Professionally Qualified Doctors: This includes doctors with qualifications such as MBBS, BDS, and higher degrees who are actively practicing.

    • Income Requirement: The applicant must have a net annual income of no less than 5 lakh.

    • Tax Compliance: The applicant must have been a taxpayer for the last 2 years.

    • Residence Requirement: The doctor should have resided at their current address for a continuous period of 2 years, although this criterion does not apply to those employed by government sectors or institutions.


    1. Eligibility for Pensioners

    • Pensioners: Individuals who receive their pension through Punjab National Bank are eligible to apply for a Pension Loan offered by PNB.


    This revised format provides clear and concise information tailored to different categories of applicants, ensuring easy understanding and application.

    Punjab National Bank Personal Loan FAQs

    Punjab National Bank does not charge any fees for prepayment or foreclosure of personal loans. This applies to personal loans for the public, doctors, and pensioners, making it easier for borrowers to repay their loans ahead of schedule without incurring additional costs.

    Punjab National Bank offers personal loans exclusively with floating interest rates.

    PNB does not require collateral or security for their personal loans. However, applicants must provide a third-party guarantee.

    The loan amount for a personal loan is primarily determined by the applicant’s income level and their ability to repay the loan.

    Know your CIBIL Score for free
    Get Instant Loan at Low Interest Rates
    Bajaj Finserv
    Loan Amount Upto
    Upto 40 Lacs
    Tenure
    12-60 months
    Rate of Interest
    14% - 18%*
    Processing Fee Upto
    Upto 1.15% of loan amount
    Axis Bank
    Loan Amount Upto
    Upto Rs 50 Lacs
    Tenure
    12-84 months
    Rate of Interest
    starts from 16%*
    Processing Fee Upto
    1.5% of loan amount
    View More Offers
    Calculators
    EMI Calculator
    Calculate your monthly installment amount for a loan based on the principal, interest rate, and tenure
    Income Tax Calculator
    Choose the right income tax regime & discover your tax savings
    Best offers for you
    Personal Loans
    100% Digital, Zero Paperwork.
    Credit score
    Know your score for Free.
    HomeMarketsPremiumInstant LoanMint Shorts