Punjab National Bank (PNB) sets personal loan interest rates based on a variety of factors. These include the applicant's job profile, credit score, employer's reputation, and the existing relationship with the bank, such as holding a salary account. All these elements collectively determine the interest rates that an individual will be offered.
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
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% |
3. PNB 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% |
4. PNB Personal Loan for Pensioners
Type | Interest Rate (p.a.) |
---|---|
Personal Loan for Pensioners (Term Loan/Overdraft/Demand Loan) | 11.75% |
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
Type | CIC Score | Rate of Interest |
---|---|---|
PNB Doctor’s Delight-Personal Loan Scheme for Doctors | NA | 12.40% |
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 | 11.40% |
3. PNB Personal Loan Scheme for Self-employed
CIC Score | Interest Rate (p.a.) |
---|---|
800 | 13.75% |
750* less than 800 Or with nil credit history (i.e – 1 or 0) | 14.75% |
4. PNB Personal Loan for Pensioners
Type | Interest Rate (p.a.) |
---|---|
Personal Loan for Pensioners (Term Loan/Overdraft/Demand Loan) | 12.75% |
1. PNB Personal Loan Scheme for Public
Processing Charges |
|
Documentation Charges |
|
Pre-payment Charges | NIL |
2. PNB Personal Loan to Doctors
Processing Charges | 0.90% of loan amount |
Documentation Charges | ₹450 |
Pre-payment Charges | NIL |
3. PNB Personal Loan to Pensioners
Processing Charges | NIL |
Documentation Charges | ₹500 |
Punjab National Bank Personal Loan EMI Calculator
(https://www.livemint.com/loans/pnb-bank-personal-loan-emi-calculator)
Banks | Interest Rate (p.a.) | Processing Fee |
---|---|---|
HDFC Bank | 10.75% p.a. - 24.00% p.a. | Rs.4,999 + GST |
ICICI Bank | 10.85% p.a. - 16.25% p.a. | Up to 2% |
Yes Bank | 10.99% p.a. onwards - 20% p.a. | Up to 2.5% |
Kotak Mahindra Bank | 10.99% and above | Up to 3% |
Axis Bank | 11.25% p.a.- 22% p.a. | Up to 2% of the loan amount |
HSBC Bank | 9.99% p.a. - 16.00% p.a. | Up to 2% |
IDFC First Bank | 10.90% p.a. - 36% p.a. | Up to 3.5% |
Ujjivan Small Finance Bank | 11.49% p.a. - 16.49% p.a. | At the discretion of the bank |
Aditya Birla Capital | 10.99% p.a. -30% p.a. | Up to 3% |
State Bank of India | 11.35% p.a. - 14.50% p.a. | Up to 1.50% |
Karnataka Bank | 10.93% p.a. onwards | At the discretion of the bank |
Bank of Baroda | 11.15% p.a. - 18.20% p.a. | Up to 2% |
Federal Bank | 11.49% p.a. - 14.49% p.a. | Up to 2% |
Bank of India | 10.85% onwards | Up to 2% |
IDBI Bank | 10.55% p.a. - 13.30% p.a. | Contact the bank |
South Indian Bank | 13.1% p.a. - 20.6% p.a. | Up to 2% |
Indian Overseas Bank | 10.85% p.a. - 13.00% p.a. | Up to 0.50% (Above Rs.2.00 lakh up to Rs.150 Crores) |
RBL Bank | 18% p.a. | Up to 2% |
Bank of Maharashtra | 9.75% p.a. to 12.55% p.a. | Up to 1% |
Central Bank of India | 12.00% p.a. - 12.75% p.a. | Up to 1% |
J&K Bank | 9.60% p.a. - 9.70% p.a. | Up to 1% of the loan amount subject to a maximum of Rs.10,000 |
(Interest Rates as of 03, September 2024)
Please note that GST will be added to the applicable processing fee.
Yes, there are fees. For personal loans, a processing fee of 1% of the loan amount applies. For doctors, it’s 0.90%. Pensioners, however, do not incur any processing fees.
To get the best rate, maintain a high credit score, minimize existing debts, and ensure a stable income. These factors influence the interest rate you may receive.
You can pay via Electronic Clearing System (ECS), Standing Instructions for auto-debit, or post-dated cheques.
Link your loan account to your net banking profile and use the auto-debit facility to manage EMI payments.
Yes, link your Punjab National Bank loan account to your net banking at another bank and set up EMI payments accordingly.