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Punjab National Bank Loan Ratings
3.5 / 5.0 by 145 users

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Punjab National Bank Loan Reviews

"My experience with Punjab National Banks was quiet good for the savings account which I have opened from the Bank. The customer service provided by them is average. I get a proper response from them when I visit the branch directly but not through phone and emails. The worst part is there is some monthly deductions for processing. "

Zahid Umar, New Delhi
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What is a Punjab National Bank Loan?

A Punjab National Bank Loan is a transaction where the lender gives money to the borrower, to be paid back with interest in EMI's.

Types of Punjab National Bank Loans

Personal Loan, Home Loan, Car Loan, Loan against property, Gold loan, etc are various types of loans available in India.

How Bankbazaar helps you get a Punjab National Bank loan?

Bankbazaar helps you compare & apply real time Punjab National Bank loan rates & other fees from various banks.
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Punjab National Bank Loan

salaried self employed NRI add co-applicant

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Punjab National Bank Loan Overview

Punjab National Bank 3.5 / 5.0 by 145 users  
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Punjab National Bank Loan Low interest rate Loan offers.

Looking for a Loan in India? Compare Personal Loan, Home Loan and Car Loan offers online at BankBazaar.com for India.

We can help you find the right loan deals in India. We work with major banks & financial institutes like HDFC Bank & Fullerton India who offer great personal loan deals at low interest rates with fast & simple online approval process. For Home Loans we work with HDFC Ltd, Axis Bank, ICICI Bank & others to get you the best home loan interest rates. To help you buy your dream car in India we work with Axis Bank and HDFC Bank to get you the best car loan interest rates.

Why Apply for a Punjab National Bank Loan on BankBazaar.com?
  • One stop shop for multiple products: Get best loan offers for personal loans, home loans and car loans at BankBazaar.com.
  • Lowest interest rates: We have coordinated with HDFC Bank, Fullerton, HDFC Ltd, Axis Bank & ICICI Bank to get you the lowest Personal Loan interest rates, Home Loan interest rates and Car Loan interest rates in India.
  • Instant Quotes: Get Loan quotes customized to your profile online instantly by filling in the form above.
  • Simple Online Comparison: Compare Loan offers on the basis of interest rate, EMI, processing fees & customer satisfaction.
  • Transparency: Aimed at helping you make the right choice, we provide objective and transparent information about your loan options.
  • Privacy: Your application is sent only to the lender you choose, and is never shared with anyone else.
  • Trust: Top private banks in India like HDFC Bank, ICICI Bank and Axis Bank uses BankBazaar.com-powered technology to give thier customers the best Loan experience on their websites. www.hdfcbanksmartapply.com, https://www.hdfcinstanthomeloans.com/home-loan/compare-interest-rates.html, https://loans.axisbank.com/ and https://loans.icicibank.com/
How to get a Punjab National Bank Loan in India on BankBazaar.com
  • Eligibility Calculator: Fill the form above to instantly get customized Loan quotes that you are eligible for.
  • Compare Loan offers: Compare customized Personal Loans, Home Loans and Car Loan offers in India from various banks based on your eligibility criteria and apply online for the one you like.
  • Your application will be sent electronically to the lender you chose. The lender will contact you within one day.
  • BankBazaar.com will update you on your loan application status via email & SMS alerts.

Punjab National Bank Loan FAQs

  1. What are the interest rates for Punjab National Bank Loans?
    Each bank will have different Interest rates. Interest rates will also vary depending on each individual’s eligibility criteria’s. Typically Interest rates start at 12% and can go up to 28%.

  2. How much money am I eligible for?
    You can borrow as much as you can repay. This in banking terms would mean a Loan that has an EMI that does not exceed 40% of your monthly take home income, where the EMIs for existing loans are also deducted.
    For self-employed applicants, profit is the benchmark that determines loan value. The longer the time frame for repaying the loan the lower the EMI and this also means you can opt for a larger loan amount. The loan amount you are eligible for is also dependent on other factors like the company you are employed with, the location of your residence and your credit history.

  3. Can I have a co-applicant for a Punjab National Bank Loan?
    Yes, you can opt for a co-applicant. This can help you increase the loan amount you are eligible for as the income of the co-applicant is also taken into consideration.

  4. What is credit history? How does a financial institution check on my credit history?
    A credit history is basically a record of your past repayments of loans and credit card bills. Also, there is a central bank of data available with the Credit Bureau of India Limited (CIBIL), where data from all the banks on existing loans and their repayment patterns of their customers are accumulated. Before approving your loan a financial institution always checks with CIBIL on your loan repayment track record.

  5. How can I compare quotes from multiple banks?
    One of the easiest ways to do this is to compare online. Find your Loan at BankBazaar.com to gain instant access to the best quotes from various lenders.

  6. What does prepayment charge mean? Does it matter while comparing loans?
    A Loan is repaid to the lender within a fixed time frame, which is usually 1 to 5 years. In case you want to clear the loan payment earlier than the agreed time frame, the bank levies a prepayment penalty charge. This could be up to 5% of the outstanding loan amount but can vary according to the bank and the credit profile of the borrower. Make sure the interest saved by pre-paying exceeds the prepayment fee paid. This is one of the factors to keep in mind while comparing loans.

  7. What is the difference between a fixed interest rate and floating interest rate?
    A fixed interest rate remains constant throughout the loan tenure regardless of the market conditions whereas a floating interest rate can decrease or increase depending on market fluctuations. For instance, it increases when RBI hikes up short term interest rates. Banks usually quote the floating rate loans as their index rate (prime lending rate) plus or minus x%. Banks usually increase or decrease their prime lending rate when the RBI increases or decreases short term interest rates.

  8. Does Bank Bazaar charge me for its services?
    BankBazaar’s services come to you free of charge.

  9. How will the security and privacy of my data be ensured?
    BankBazaar will never share your data with any third party other than the financial institution that you decide to apply to. Our sound technology practices ensure a highly secure environment for all your data.

Punjab National Bank Loan Eligibility & Documentation

Check Punjab National Bank Loans offers online

Punjab National Bank Loan Eligibility: You are eligible for a loan if you are:
  • Salaried individual
  • Self employed individual
  • Self employed professional like doctor, lawyer, etc.
  • Aged above 18 years
  • Have a good CIBIL credit score
  • Good repayment capacity with fixed & stable income source
  • Overall banks rating for the company you work for
  • Try our Personal Loan eligibility Calculator to check how much loan amount you are eligible for.

Punjab National Bank Loan documentation: Punjab National Bank loan documentation process is minimal and generally banks require the following document:
  • Identity proof (Pan card, Passport, etc.)
  • 3 to 6 months bank statement (if salaried then bank statement of your salary account)
  • Residence proof (rent agreement, property document, ration card, etc)
  • Salary Slips
  • In case of self-employed banks require balance sheets, profit & loss account, partnership deed & other documents etc.

Punjab National Bank Loan Interest RatesUpdated on 29 March 2015

Details of Punjab National Bank Loan

Personal Loan Interest Rate.(Monthly reducing balance)
14.25% to 49% fixed. Check Customized Interest Rates Now!
Processing Fees
1% to 5% of loan amount
Personal Loan Tenure
1 year to 5 years
Personal Loan Amount
Rs. 1 lakh to Rs. 20 lakhs
Pre-closure Charges
4% of pre-closed amount
Guarantor Requirement
No guarantor required

Details of Home Loan

Home Loan Interest Rate.(Monthly reducing balance)
10.5% to 14.25% floating. Check Customized Interest Rates Now!
Processing Fees
0.5% to 1% of loan amount
Home Loan Tenure
1 year to 20 years
Home Loan Amount Funded
Up to 85% of property value
Pre-payment Charges
0% to 2% of amount being prepaid
Pre-closure Charges
0% to 2% of amount being preclosed
Guarantor Requirement
No guarantor required

Details of Car Loan

Car Loan Interest Rate.(Monthly reducing balance)
10.50% to 14.25% floating. Check Customized Interest Rates Now!
Processing Fees
Up to Rs. 3,650
Car Loan Tenure
1 year to 5 years
Pre-closure Charges
3% to 6% of foreclosed amount
Car Loan Amount
Varies based on car model. Up to 100% financing for pre-approved customers.
Guarantor Requirement
No guarantor required

Loan Articles

  • How Does Personal Loan compare to other loans!!!
    A personal loan is by nature an unsecured credit that is provided to an individual based on his personal capability of repayment. The process is extremely simple and fast provided that the requisite documents are in order when applying for the loan.
  • Know Your Personal Loan!
    The ease and simplicity associated with the personal loan along with no restrictions on the end usage makes it extremely popular option to raise funds when there is an urgent need. There are many doubts in the minds of applicants regarding the post disbursal procedure involved in a personal loan
  • Personal Loan criteria for the self employed
    One should opt for a personal loan only when all other means of availing funds have been exhausted and the need is pressing and situational. Taking a personal loan when the need is not justifiable or other means are available creates tremendous amount financial complications at a later stage.
  • How to calculate your loan eligibility!
    Most people who buy a home through a home loan are often left with little cash to carry out any further improvements in the house as per their requirements. Some opt for personal loans in order to make good this requirement.
  • Home loan document checklist for self employed!
    Every financial institution which deals in home loans has a specified set of requirements which are to be met by a borrower. When a borrower is found to be eligible for the loan, only then he is granted the amount applied for.
  • How to select your home loan lender?
    Getting a home loan approval can be a long and tiresome process especially if you are a self-employed professional or business owner. This is because many banks doubt business men for job continuity, as they are free to quit their jobs at any time. 
  • How to get a car loan faster!
    Getting a car loan is not supposed to be a Herculean task where the customer runs from pillar to post trying to negotiate a good deal and securing approval of the financing company.
  • Luxury car loans in India!
    The key to pushing up sales in this segment lies in creating unbeatable financing schemes that will lure the prospective customer from mid segment to luxury cars.
  • What is the application process for a car loan?!
    Applying for a car loan is relatively simpler as compared to a home loan primarily because the amount involved is less and the documents needed are much simpler to obtain.
  • Options for financing education abroad
    Studying abroad is expensive and at times the cost can be as high as six times that of the cost in India and hence planning needs to be done to ensure that sufficient funds are at disposal when needed. This is essential because to apply for the student visa, you need to show proof of funds sufficient to cover at least the first year of education.
  • Some basic facts about educational loans
    A ray of hope is seen with the availability of educational loans from various banks, which can fund an individual’s higher education. As these loans are not one of the ‘mainstream’ loans such as home loans or personal loans, people are hesitant or mostly unaware of such options. Here are answers to some generic queries that rise in regards to educational loans.
  • Education loans set to become more attractive!
    Typically interest rate on the education loan starts accumulating as soon as the course is over. Since interest during the moratorium period will be paid by the government, EMI for the borrower is set to fall. This will reduce pressure on his/her cash flows.
  • Education loan amount is to be correlated to repayment capacity
    According to a recent press report the revised education loan scheme implemented on all banks will make disbursal based on the repayment potential of the borrower. The education loans are not going to be offered based on the parental income or family wealth of the borrower which will be the decisive factor.

Loan Forum

Punjab National Bank   Loan Reviews
90 % of our customers would recommend this bank. (130 out of 145) Write Review
Customer Reviews
Page 1 of 8 1 2 3 4 5
  • Validated User
    (0)

    My experience with Punjab National Banks was quiet good for the savings account which I have opened from the Bank. The customer service provided by them is average. I get a proper response from them when I visit the branch directly but not through phone and emails. The worst part is there is some monthly deductions for processing.

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    zahid took a Saving Account from PUNJAB NATIONAL BANK Reviewed on
  • Validated User

    My father is holding salary account with Punjab National Bank so from that experience we have taken education loan. Interest rate for educational loan is similar to all other banks so no concern. I just taken 4lakhs so no much documentation and they just required for offer letter from college and schooling certificates and my father pay slips. Experience is not wonderful as it is government sector bank so attitude of the employees are not good.

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    rohit took a Education Loan from PUNJAB NATIONAL BANK Reviewed on
  • Validated User
    (1)

    My credit limit is 50,000 and inline credit is 25,000. Really this Punjab National Bank gold visa credit card is good but the interest rate is not much satisfactory as post 15 to 20 days the interest rate will be 28% to 30 % from outstanding amount so I use to pay the amount on time. I havenâ??t redeemed the points yet as I have 1000 to 1500 points. The redeem points can be converted in to gift card or it can be redeemed in restaurants. In respect to annual charge it is free of cost.

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    rajabhushanam took a Credit Card from PUNJAB NATIONAL BANK Reviewed on
  • (0)

    It is Good for Students who Uses such saving Account Because there are no condition for maintenance of Minimum Balance in Account,So at the time of crises We can use Such amount, and no any hard process for opening account, documentation are also available easily.

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    ashish took a Saving Account from PUNJAB NATIONAL BANK Reviewed on
  • (1)

    am holding a PNB Savings account they are not charging any additional fee if I am not maintaining any balance in my account.Its basically a traditional bank so I cannot expect much service from them. It is very easy for me to update . All I need to do is just submit the relevant documents they will do the needful for me.

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    sanjana took a Saving Account from PUNJAB NATIONAL BANK Reviewed on
  • Validated User
    (0)

    I am holding a Savings account with PNB. I just called them to update my number it is very easy as my Father and Brother works there. It is very easy for me to update . All I need to do is just submit the relevant documents they will do the needful for me.

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    jitendra took a Saving Account from PUNJAB NATIONAL BANK Reviewed on
  • Validated User
    (2)

    The experience is good when I applied for a home loan in Punjab National bank. The rate of interest was 10% which was pretty much good and it is better than any other bank in the market. The response should be improved as it was little slow as it is a nationalized bank. he customer support must be improved as there is delay in the processing. The processing fees was reasonable.

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    sethunath took a Home Loan from PUNJAB NATIONAL BANK Reviewed on
  • Validated User
    (3)

    I have taken a housing loan with PNB. They provide immediate response. The loan was sanctioned within a weekâ??s time .They offered me around 10.15% ,documentation process was very simple and easy to use. I met the Manager in person through him verification was done and they have processed the request.

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    mageshwaran took a Home Loan from PUNJAB NATIONAL BANK on BankBazaar.com Reviewed on
  • Validated User

    The services provided by Punjab National bank are student friendly. I took the educational loan in the year 2003 and the total tenure was for 5-6 years. The benefit is that if the student does not get any job after their studies the loan can be paid by the parents without any interest for it. At the time when I opted the loan there were a lot of offers . They provide the cheques and the updates on time. The customer support was very good. The interest rate was 7.55% which is reasonable. There was no issues in availing and closing the loan.

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    sumit took a Education Loan from PUNJAB NATIONAL BANK Reviewed on
  • (3)

    I had a home loan with a private bank and i wanted to transfer the loan to PNB. I lost my piece of mind from day 1 of the processing. The Sales person was so dumb that he promised to deliver the sanction letter next day without even checking my documents. I had to follow him every day and hear new stories daily and the process finally got over nearly after 45 days. The sales person was so responsive that he gave me the cheque after 3 days of receiving it and i had to pay around 3500 due to his sad attitude. Worst to follow, I had responded to an email asking them not to deposit the initial cheque as agreed with the customer service representative. They were very prompt in depositing the cheque despite the email and my credit ratings have still gone down. The worst thing is that I had to pay Rs.1200 for every day from oct 14 - jan 15 as penality to my previous bank due to the delay in service. PNB does help you in making you a full time beggar... I would not recommend this bank..

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    ganesh took a Home Loan from PUNJAB NATIONAL BANK Reviewed on
  • (7)

    this card is excellent as it have no charges for joining as well as annual. vInterest rate is also very low & service is also excellent. but only drawback is there are no offer for e-commerce website. there are no unnecessary deduction of charges as other credit card provider do.

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    ujjwal took a Credit Card from PUNJAB NATIONAL BANK Reviewed on
  • Validated User

    Rate of interest offered for Punjab national bank fixed deposit is 9% which is quite attractive interest rate. Its for 1 lakh deposit amount and as I had my savings account, I did opt this bank. Even customer service team was good. Overall quite accessible and approachable services.

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    ravi took a Fixed Deposit from PUNJAB NATIONAL BANK Reviewed on
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