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  • PNB Personal Loan Diwali Offers Nov 2018

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  • Diwali Offers on Punjab National Bank Personal Loan November 2018

    Punjab National Bank (PNB) is one of the leading banks in India. They have a range of personal loans on offer for salaried individuals, pensioners, and senior citizen homeowners. In addition, they also offer loans against gold jewellery and ornaments. Loans from PNB can be availed at affordable interest rates with flexible repayment options by cavailing a personal loan from Punjab National Bank customers. These factors make availing a personal loan from Punjab National Bank an attractive option for many borrowers, especially during festive occasions like Diwali when people’s expenses usually increase.

    Features and Benefits of the PNB Personal Loan

    • The Personal Loan Scheme for Public can be availed by any salaried individual who is a permanent employee, defence personnel, or practicing medical professional to get a loan worth Rs.50,000 till Rs.10 lakh.
    • Under the the Personal Loan Scheme for Public, the minimum net monthly salary of the applicant should be Rs.50,000 for metro areas, Rs.40,000 for urban areas, and Rs.30,000 for rural and semi-urban areas.
    • The Personal Loan Scheme for Pensioners can be availed by any senior citizen who is currently drawing their pension through a PNB bank branch to receive credit between Rs.25,000 and Rs.10 lakh.
    • The PNB Baghban Scheme for House Owning Senior Citizens can be availed by any individual over the age of 60 years to secure a loan up to Rs.15 lakh, provided they own a residential house or flat in India.
    • Advance Against Gold Jewellery/Ornaments and Gold Coins can be availed by individuals for productive uses (agriculture and other allies activities) and non-productive purposes (educational, medical, marriage, etc.).
    • The bank is renowned for their transparent processing.
    • Users can apply for a personal loan of their choice online, through the bank’s official website.
    • PNB does not charge their customers any prepayment charges, if they pre-pay the remaining loan amount.
    • The bank charges a processing fee of up to 1.80% of the loan amount along with a minimal documentation fee at the time of loan application.
    • The rate of interest for the personal loans availed from Punjab National Bank varies from MCLR + 2.80% p.a. to MCLR + 6.55% p.a. depending on the scheme and customer eligibility. Please note that MCLR is marginal cost of funds-based lending rate.
    • The maximum loan repayment tenure for personal loans from this bank is up to 5 years, except for the PNB Baghban scheme in which the repayment period is until the death of the borrower or 20 years.

    Celebrate this Diwali with a Punjab National Bank Personal Loan

    If you are in need of financing to meet your expenses this Diwali, you can simply opt for a personal loan from Punjab National Bank. The hassle-free application process and timely loan disbursement will help you fulfil the wishes of your near and dear ones just in time for this festive season. You can also choose to visit the ‘Punjab National Bank Personal Loan’ segment on the BankBazaar website to view detailed information about the loan. In addition, BankBazaar will also help you to compare between various financial products with ease. Before you apply for your loan, ensure you ask a representative from Punjab National Bank for any special offers that might be available on personal loans for Diwali.


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