PNB Personal Loan – Interest Rates 2024, Eligibility, EMI Calculator
Find Instant Quotes on Punjab National Bank personal loan interest rates and EMI. Get details on Charges, Documents list, eligibility & Per lakh loan emi which you can calculate with calculator online.
PNB Personal Loan Details
| Interest Rates | 11.40% – 16.95% |
| Min Loan Amount | 50000 |
| Max Loan Amount | 500000 |
| Min. Salary | Rs.10000 per month |
| Processing Fee | 1.80% + GST |
| Repayment | 5 Years |
| Pre Payment Charges | Nil |
Get more details on Personal loans in India
PNB Personal Loan Interest Rates
PNB Sahyog Rin – Personal Loan Scheme For Public
| Sr. No. | Type | CIC Score | Rate Of Interest |
|---|---|---|---|
| A | Loan to Defence/ Para Military Personals drawing salaries through our Bank including customers covered under Rakshak Plus scheme | NA | (Presently 11.40%) |
| B | a. Loan to Govt. Employees drawing salaries.
b. Loan to Central Government gazetted officer (Section Officer or equivalent and above) not having salary account with us. |
CIC Score >= 800 | (Presently 11.75%) |
| CIC >= 750 less than 800
Or With Nil credit history (i,e -1 or 0) |
(Presently 12.75%) | ||
| CIC 650 to 749 | (Presently 13.75%) | ||
| CIC Score less than 650 | (Presently 14.25%) | ||
| C | a) Loan to Corporate/other Employees drawing salaries through.
b) Loan to Govt. Employees not drawing salary. |
CIC Score >= 800 | (Presently 12.75%) |
| CIC >= 750 less than 800
Or With Nil credit history (i,e -1 or 0) |
(Presently 13.75%) | ||
| CIC 650 to 749 | (Presently 15.75%) | ||
| CIC Score less than 650 | (Presently 16.25%) | ||
| D | Loan to employees under check off facility | CIC Score >= 800 | (Presently 14.25%) |
| CIC >= 750 less than 800
Or With Nil credit history (i,e -1 or 0) |
(Presently 14.75%) | ||
| CIC 650 to 749 | (Presently 16.45%) | ||
| CIC Score less than 650 | (Presently 16.95%) | ||
| Sr. No. | Type | CIC Score | Rate Of Interest |
| A | PNB Doctor’s Delight – Personal Loan Scheme for Doctors | NA | (Presently 11.40%) |
| B | PNB Doctor’s Delight – Personal Loan Scheme for Doctors
Concession of 1% where prospective borrower (Doctor) maintaining his/her salary account with us or maintain his/her Receipt collection account with us or where Tangible Collateral Security of the value of 100% of loan amount. |
NA | (Presently 10.40%) |
| C | Personal Loan Scheme For Self-Employed | = 800 | (Presently 12.75%) |
| =750* less than 800 Or With Nil credit history (i.e – 1 or 0) | (Presently 13.75%) |
PERSONAL LOAN SCHEME FOR PENSIONERS
| Loan Type | Rate Of Interest Based On RLLR |
|---|---|
| Demand Loan/ Term Loan/ Overdraft | (Presently 11.75%) |
PERSONAL LOAN SCHEME FOR COVID
| Loan Type | Rate Of Interest Based On RLLR |
|---|---|
| Demand Loan/ Term Loan | (Presently 10.95%) |
PNB is a leading Pan India bank with global footprints. Since inception in 1895, PNB has always been a “People’s bank” serving millions of people throughout the country. PNB has 6635 branches and 8622 ATMs as on Sep’2015. Punjab National Bank is serving more than 8.9 crore esteemed customers. The Bank offers wide range of products and services. PNB has been adjudged as the ‘Most profitable Bank’ amongst Public sector banks by Financial Express and Ernst & young survey on India’s Best Bank. Globally, the Bank improved its ranking from 190th in 2014 to 174th in 2015 in ‘The Banker’s Top 1000 World Banks’.
Nature and Amount of Loan: Term Loan/ Overdraft – Minimum amount of loan will be Rs.50,000/- and maximum amount of loan Rs.4,00,000/- or 20 times monthly net salary, whichever is lower, depending upon the repaying capacity.
Rs 5,00,000/- for those Salaried persons having completed service of 3 years in the present organization & drawing net monthly salary of nor less than Rs. 30,000/-
Eligibility required for PNB Personal Loans:
- All permanent Defence Personnel including officials of Military Station Headquarters, BSF, CRPF, CISF, ITBP
- Confirmed/ permanent employees of Central/ State Govt/ PSUs and all reputed companies/ Institutions, who are drawing their salary through accounts maintained with our branches. OR Employer’s of above categories agree for ‘check-off facility’
- Professionally qualified Doctors viz. MBBS, BDS & above having annual income of Rs.4.00 lac & above.
- Individual drawing salary through our Bank/availing loan under check-of facility with net monthly incme:
- Rs.15000 per month for eligible customers at Metro Centres;
- Rs.12500 per month for eligible customers at Urban Centres; and
- Rs.10000 per month for eligible customers at Semi-Urban and Rural Centres.
However, for Teachers, Army Jawans, other permanent employees of Military Station Headquarters and Para Military Personnel whose salary is being credited and disbursed through our branches the minimum Net Monthly Income criteria shall be Rs.7500/- at all Centres viz. Metro, Urban, Semi-Urban and Rural.
(EMI should not exceed 50% of monthly salary/income)
Margin: NIL
Security: Suitable guarantee acceptable to the Bank.
Repayment
Borrowers can return the loan amount in maximum upto 60 months or 5 Years.
PNB Overdraft Personal Loan
The overdraft limit shall be adjusted within a maximum period of 60 months by reducing Drawing Power(DP) equivalent to EMI amount at the beginning of every month. However, loan allowed to Army Jawans, other permanent employees of Military Station Headquarters and Para Military Personnel shall be Repayable in maximum 36 Equated Monthly Instalments or remaining period of stay at the particular posting, whichever is lower.
Documentation Charges
- Rs.270/- upto Rs.2 Lac + Service Tax & Education Cess
- Rs.450/- over Rs.2 Lac + Service Tax & Education Cess
- Upfront / documentation charges for defence personnel – NIL
Other available products of PNB in India:
Source: PNB Official Website
