Under the ‘Personal Loan Scheme for Public’, Punjab National Bank offers personal loans up to Rs 20 lakh with interest rates as low as 12.40% per annum. It has a maximum payback period of 72 months and a processing charge of up to 1% of the loan amount. Under the “PNB Doctors Delight – Personal Loan Scheme for Doctors”, the bank also offers loans up to Rs 20 lakh with a maximum tenure of 84 months.
This lender can help you meet your short-term financial needs by offering a personal loan. To realize your ambitions, you can get the best rates on personal loans from Punjab National Bank for purposes such as debt consolidation, paying for a child’s wedding, traveling to a foreign place, or anything similar. Check out Bank of Baroda Personal Loan.
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Punjab National Bank Personal Loan Schemes:
- Interest rate: Starting from 12.40% per annum
- Loan amount: Up to ₹20 lakh
- Loan tenure: Up to 84 months
- Processing fee: Up to 1% of the loan amount
Loan Amount Details for Various Schemes
| Personal Loan Scheme for Public | Loan Amount: Up to 24 times the gross monthly income of the applicant, subject to a maximum of ₹20 lakh. |
| Personal Loan Scheme for Doctors | Loan Amount: ₹2 lakh to ₹20 lakh or 24 times the gross monthly income (whichever is lower). Eligibility: Minimum net annual income of ₹5 lakh or more. |
| Personal Loan Scheme for Pensioners | For pensioners up to 70 years old: ₹25,000 to ₹10 lakh or 18 times the net monthly pension (whichever is lower). For defense pensioners up to 70 years old: ₹25,000 to ₹10 lakh or 20 times the net monthly pension (whichever is lower). For pensioners between 70 and 75 years old: ₹25,000 to ₹7.5 lakh or 18 times the net monthly pension (whichever is lower). For defense pensioners between 70 and 75 years old: ₹25,000 to ₹7.5 lakh or 18 times the net monthly pension (whichever is lower). For pensioners older than 75 years: ₹25,000 to ₹5 lakh or 12 times the net monthly pension (whichever is lower). |
PNB Personal Loan Eligibility Criteria
Personal Loan Scheme for Public | Must be a permanent or confirmed defense personnel, such as officials of: Central Reserve Police Force (CRPF)Military Station HeadquartersIndo Tibetan Border Police (ITBP)Central Industrial Security Force (CISF)Border Security Force (BSF), etc. Must be a permanent or confirmed employee of the: State or Central GovernmentPublic Sector Units (PSUs)Reputed institutions or colleges (including schools, autonomous bodies, universities, nursing homes, hospitals, etc.) Salary must be drawn via Punjab National Bank (PNB) accounts. Professionally qualified doctors with an annual income of ₹4 lakh or more. |
Personal Loan Scheme for Doctors | Must be a professionally qualified doctor with a net annual income of ₹5 lakh or more.Must have resided at the current address for at least two years. |
Personal Loan Scheme for Pensioners | Must be a pensioner who draws a pension through a Punjab National Bank branch. |
PNB Personal Loan Fees & Charges
| Loan Scheme | Interest Rate | Processing Fees |
| PNB Doctor’s Delight – Personal Loan Scheme to Doctors | 12.40% p.a. onwards | 0.90% of the loan amount + applicable taxes |
| Personal Loan Scheme for Public | 12.40% p.a. onwards | 1% of the loan amount |
| Personal Loan Scheme for Pensioners | 12.75% p.a. onwards | Nil |
Documents required for PNB loan
- A completed loan application with a photograph
- Form 16 or, if you are salaried, your most recent pay stub
- Income tax returns for the last three financial years, as well as address and age proof for self-employed people
- Any additional documents required by the bank
Punjab National Personal Loan Bank Customer Care Numbers
- Call toll-free numbers: 1800 180 2222 and 1800 103 2222
- Call toll number 0120-2490000
- Call landline number 011-28044907
- Email the bank at [email protected]
