Multiple banks. Different interest rates. Call it a "conflict of interest".
  •  Loading your search... Loading your search...
  • PNB Personal Loan for Pensioners is Rated as "Great!" by 21 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    PNB Personal Loan for Pensioners

    Apply for Personal Loan

    Overview about PNB Personal Loan Scheme for Pensioners

    Senior citizens in need of funding can look to PNB (Punjab National Bank) which has launched special loan schemes designed for them. Pensioners may come across times when they are in dire need of money to meet a financial requirement (such as medical expenses). The PNB Personal Loan Scheme for Pensioners is a personal loan with low interest rate that pensioners can use when times are tough.

    Perfect Personal Loan Deals for you

    Features & Benefits of PNB Personal Loan Scheme for Pensioners

    • On term deposits, this scheme is designed with 0.5% higher rate of interest.
    • If you as a senior citizen plan to settle in a different place after retirement, it can be arranged for your retirement dues to be remitted for free to any branch of PNB.
    • Collection of retirement dues of retired public/ government/ private sector employees will be carried out for free. Collection of cheques can be carried out for free.
    • Free Nomination Facility.
    • On all types of remittance, you can avail 50% concession
    • Outstation cheques worth up to Rs.15,000/- can be immediately credited
    • Collection of Pension Bills/ Discount/ Cheques
    • Pensioners who have retired from Armed Forces and State/ Central Government get free Discount/ Collection of Pension Bills/ Cheques.
    • Freedom fighters and their widows/ widowers can avail Free Cheques Books, Free Remittances and Discount of Pension Bills/ Collection/ Cheques.
    • Senior citizens are offered the attractive new Pass Books which feature facilities available particularly for them.

    PNB Personal Loan Scheme for Pensioners Interest rates

    • Base Rate: 9.60% w.e.f. 01.10.2015
    • BPLR: 14.00% w.e.f. 01.05.2012
    • Loan Products Parameters Rate of Interest (Based on MCLR of 1 year)
      Pension loan Demand loan/ Term loan/Overdraft MCLR+2.60% 12.00%

    Marginal Cost of Funds Based Lending Rate (MCLR) with effect from 01.06.2016 as under:-

    Type of MCLR Rate (%)
    Overnight MCLR 9.15
    One month MCLR 9.20
    Three months MCLR 9.30
    Six months MCLR 9.35
    One year MCLR 9.40
    Three years 9.55
    Five years 9.70

    PNB Personal Loan for Pensioners Reviews

    • Punjab National Bank Personal Loan
      "Features are beneficial and excellent"
      0.5 5.0/5 "Blown Away!"
      After my personal loan got sanctioned I got the funds in one day from PNB. I got the amount as needed with a very nominal fee and the interest rate was around 8.53 to 9%. The best facility is that there is a part payment facility which I can use in a month after getting the loan. This option is very much useful to me to complete the loan sooner as and when I have extra money I pay more EMI and they also dedcut the interest rate as well the following month.
      Was this review helpful? 0
      , moradabad
      Reviewed on Nov 18, 2017
    • Punjab National Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      My personal loan experience with Punjab National Bank was good, my loan amount was approved within 5-6 days which is quick. I have taken loan for Rs 3 lakhs with the rate of interest of 11.85% which is the best rate in personal loan. Customer service was good and they responded on time. I submitted my documents online.
      Was this review helpful? 0
      , palwal
      Reviewed on Nov 16, 2017
    • Punjab National Bank Personal Loan
      "Good customer service"
      0.5 3.5/5 "Pretty good"
      I have applied for the personal loan from PNB, i am happy that my loan application was approved and the required amount was disbursed. The customer service was good and responsive. There was a bit delay in processing the loan amount, it took one week for the loan amount to get approved. The rate of interest is 13% which is high when compared to all other banks.
      Was this review helpful? 0
      , amritsar
      Reviewed on Oct 21, 2017
    • Punjab National Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I went to Punjab National Bank and tried to apply for the personal loan. They are very straight forward and they said openly that they would provide loans only for the salaried people. I guess the bank is not much interested in providing loans and other services to the people.
      Was this review helpful? 0
      , faridabad
      Reviewed on Aug 17, 2017
    • Punjab National Bank Personal Loan
      "Personal loan "
      0.5 4.0/5 "Great!"
      Being a loan seeker I had also approached PNB for the same personal loan. The rate of interest offered by them was also very good. They are very much transparent. No hidden cost and service tax. The only downside is they take a lot of time to revert back.
      Was this review helpful? 1
      , chandigarh
      Reviewed on Dec 07, 2016
    • Punjab National Bank Personal Loan
      "PNB is too transparent"
      0.5 5.0/5 "Blown Away!"
      PNB is too transparent with the process, they have mentioned clearly the required set of documents before hand . They promised to deliver the loan within a span of 7 days but to my surprise I got the credit within 5 days. They had given ample of time to arrange for documents. Response time was always good and within 5 days I got the loan amount in my account.
      Was this review helpful? 5
      , jaipur
      Reviewed on Oct 01, 2016
    • Punjab National Bank Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      I have taken the personal loan with the Punjab National Bank and the interest rate was around 14% and the loan amount got disbursed within a week of time. Documentation process was very easy with the Punjab National Bank for the personal loan.
      Was this review helpful? 1
      , bhilwara
      Reviewed on Feb 12, 2016
    • Punjab National Bank Personal Loan
      "No response "
      0.5 3.0/5 "Satisfactory"
      I have applied for the personal loan from PNB and they were sending continuous mail stating the application is in process.They are taking two weeks time to process the loan.They have not come for document collection related to the loan. The interest rate applied was good .They have applied interest rate around 11.2% for the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2016
    • Punjab National Bank Personal Loan
      "Can be better"
      0.5 3.0/5 "Satisfactory"
      PNB Bank being a nationalized bank it provides loans only for Government employee. As I am employed in a private school they are not providing loans to the private employees. This loan was taken during hte year 2006 now the personal loan norms has got changed. Moreover the staff approach is not good.
      Was this review helpful? 7
      , dehradun
      Reviewed on Nov 11, 2015
    • Punjab National Bank Personal Loan
      "One should go for it"
      0.5 4.0/5 "Great!"
      PNB Personal loan process is fine. The interest rate offered by them is the least in the market. My salary account is with PNB so I had taken a loan from them. Interest rate offered by them was 13% . Processing fee is very much higher than what I expected. I am very much comfortable with the standing order instruction.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 12, 2015
    • Punjab National Bank Personal Loan
      "Fast processing!"
      0.5 5.0/5 "Blown Away!"
      Within 2 days I got my personal loan amount disbursed with Punjab National Bank, which is really short time. They collected only required documents for the loan application and 10.25% is the interest rate quoted by them. The best thing is foreclosure can be done at any time without any charges.
      Was this review helpful? 2
      , tirunelveli
      Reviewed on Oct 06, 2015
    • Punjab National Bank Personal Loan
      "Special service"
      0.5 5.0/5 "Blown Away!"
      Punjab National Bank has special services from defense employees. I took personal loan from Punjab National Bank 1 year back, my loan was processed in just 2 days tim ewith minum documentation. EMI gets auto debited from my pension account on or before the payment due date. I happy with the services offered.
      Was this review helpful? 2
      , bangalore
      Reviewed on Aug 17, 2015
    • Punjab National Bank Personal Loan
      "Wright choice "
      0.5 5.0/5 "Blown Away!"
      I got personal loan from PUNJAB NATIONAL bank with 10% for the loan amount of 3 lakhs and for the tenure of 5 years. There is no processing fees also when compared with other banks which is really appreciable. Overall I am very happy with their service rendered to me.
      Was this review helpful? 2
      , guwahati
      Reviewed on Aug 08, 2015
    • Punjab National Bank Personal Loan
      "A Good PSU"
      0.5 4.5/5 "Excellent!"
      I had a very good experience with Pujnab National Bank. I got the personal loan ans the service provided was really good.The verification process was done very fast within a day and I am happy about the same. I found that the interest rate is very low and only minimum processing fee were collected. Bank Staff is good and helpful so it became easy to take a lone. its great to deal with the bank.
      Was this review helpful? 2
      , indore
      Reviewed on Jul 11, 2015
    • Punjab National Bank Personal Loan
      "Awesome bank to deal with is Punjan national. .......... !!"
      0.5 4.0/5 "Great!"
      I found that the interest rate is very low and only minimum processing fee were collected. The documents everything was submitted in the nearest branch. Your staff is great. Kind and helpful!They have helped me out of a bind and provided a loan when no one else would. So much better facilities than ever get it from this bank.
      Was this review helpful? 4
      , mumbai
      Reviewed on Jun 30, 2015
    • Punjab National Bank Personal Loan
      "Below Average!!"
      0.5 3.0/5 "Satisfactory"
      I availed personal loan long bank from PNB. Initially we have to submitted many documents and it was lengthy paper . The processing time took around 25 days and the interest rate was high. I feel that they have to improved alot since the technology has also improved. Initially it was an average experience.
      Was this review helpful? 4
      , kolkata
      Reviewed on Jun 20, 2015
    • Punjab National Bank Personal Loan
      "lazy"
      0.5 3.0/5 "Satisfactory"
      I got the personal loan with Punjab national bank for the rate of interest as 10.15%.The follow up was good.They are not adhere towards the customers.It is the prompt rate of interest and there is no hidden charges.They need to improve the responsiveness and the customer service also.
      Was this review helpful? 3
      , pune
      Reviewed on May 29, 2015
    • Punjab National Bank Personal Loan
      "lazy"
      0.5 3.0/5 "Satisfactory"
      I got the personal loan with Punjab national bank for the rate of interest as 10.15%.The follow up was good.They are not adhere towards the customers.It is the prompt rate of interest and there is no hidden charges.They need to improve the responsiveness and the customer service also.
      Was this review helpful? 3
      , chennai
      Reviewed on May 29, 2015
    • Punjab National Bank Personal Loan
      "Expected options was there"
      0.5 4.0/5 "Great!"
      I chose Punjab national bank for their part payment and pre closure options where there is no penalty. I have gone through this company head office and all other conditions is OK and its based on customized scheme. Executive was helpful and cooperative throughout the loan processing. It was a very good services.
      Was this review helpful? 9
      , mangalore
      Reviewed on Jul 21, 2014
    • Punjab National Bank Personal Loan
      "Needs to improve a lot in customer service"
      0.5 3.0/5 "Satisfactory"
      I am holding salary account with Punjab national bank whereas their customer service was quite good. Their on-line banking was not active it seems, dont know. I have just applied for salary transfer . I think they might have some problem. No suggestions from them to improve their service.
      Was this review helpful? 12
      , aurangabad
      Reviewed on Jul 14, 2014
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.