Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Personal Loan Reviews

    • 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
    • Punjab National Bank Personal Loan
      "Fully Satisfied with Service"
      0.5 4.5/5 "Excellent!"
      PNB personal Loan i am fully satisfied, i got loan approval in 3 days, interest rate was very less when compare to other banks, bank manager was very helpful to me, documentation was good they informed me clearly, their was no hidden charges.
      Was this review helpful? 15
      , solan
      Reviewed on Jul 12, 2014
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    PNB Personal Loan EMI Calculator is Rated as "Great!" by 17 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Overview about PNB Personal Loan EMI Calculator

    Punjab National Bank (PNB) has completed more than 121 years of banking with merger of 7 banks with itself. The bank has expanded with a wide network of 6690 branches and 9463 ATMs. PNB specialises in all financial segments such as domestic business, global business, CASA deposits, domestic deposits and savings deposits. The PNB Personal Loan can be availed to get financial assistance for your personal needs. This loan can be utilised for medical expenses, travel expenses or any other kind of personal expenses such as marriage.

    Perfect Personal Loan Deals for you

    How To Use BankBazaar PNB Personal Loan Calculator to understand your Personal Loan Repayment:

    PNB Personal Loan can be repaid in Equated Monthly Instalments (EMI) and to calculate the EMI, you are required to calculate the borrowed amount, the rate of interest as well as the processing fee for the loan. For this, you will have to do a manual calculation to determine the monthly payment for your desired loan period. To reach the suitable amount, you will then have to either adjust the loan amount or the loan tenure. Once you have found an EMI amount that fits your budget, you will have to compare other banks or lenders to zero in on the loan you want.

    The BankBazaar Personal Loan EMI Calculator is an all-inclusive tool that simplifies determination of the installment amount of the loan in a simple and hassle-free method. The calculator not only gives you the EMI for the chosen loan, it also gives a detailed breakup of various charges or components of the loan. With the use of amortisation table, the calculator generates an instant output.

    The BankBazaar Loan EMI Calculator can be found in the company’s homepage. There is a drop down menu on the extreme right of the page. Select ‘Finance Tool’, followed by ‘EMI Calculator’. Upon clicking, the page displayed comprises of fields such as loan amount, interest rate and processing fee. The page also asks you to choose between whether or not you would like to make pre-payments. You can then click on ‘Calculate’ to find out the EMI that you will be required to pay towards the loan.

    How does the PNB Personal Loan EMI Calculator Work?

    The loan EMI calculator is an online calculator where you must enter the amount of loan that you will borrow as well as other details. The calculator uses the following formula:

    E = P x r x (1+r)^n/((1+r)^n-1)

    Where, E is the EMI

    P is the borrowed amount

    r is the monthly rate of interest

    n is the loan tenure (in months)

    The calculator also uses processing fee for calculation of EMI. However, it differs from bank to bank depending on the rate being offered. The processing fee also changes anywhere in the range of 1% to 3%.

    Features and Benefits of PNB Personal Loan EMI Calculator:

    The details in the personal loan EMI calculator can be modified as per requirement. Some of the features and benefits of the PNB Personal Loan EMI Calculator are:

    • Quick Calculation:

      The calculation of EMI can take a long time and changing the figures over and over again would involve recalculation. Using this online calculator, the calculation is carried out in seconds. Using this, you can choose various tenure options, loan amounts and interest rates and get the answer in a jiffy.

    • Convenience:

      This online tool calculates at the utmost convenience without any hassles. This tool helps in easy comparison of various loan schemes and decide on a loan without wasting any time.

    • Loan Specific:

      Although most loans use the same principle, there are certain points that are specific to each. The loan EMI calculators come with such specific adjustments. This tool helps you in giving you the accurate information required to take a personal loan.

    • Accurate:

      While calculating manually, there is always this chance of human error each time you vary the loan amount, loan tenure and interest rates. Also, when you change rates according to various banks, the risk of error also increases. With the online calculator, the accuracy is higher.

    • Use Of Amortisation Tables:

      Amortisation tables are important in an EMI calculator as it can calculate for the entire loan tenure. The table shows the repayment progress over time in terms of principal as well as interest.

    • Graphical Representation:

      The loan EMI calculator not only determines the monthly repayment amount, it also graphically represents it in the form of pie diagrams. The diagram shows the amount that will be repaid at the completion of loan repayment. It also displays the principal and interest along with the processing fee.

    Punjab National Bank Personal Loan Calculator FAQs

    1. Is the EMI as shown in the loan calculator same as that PNB will allow me to pay?

      The EMI amount may sometimes vary from the calculation of the loan EMI calculator from the bank. The difference could be due to the change in loan processing fees and interest rates applied being different while actually taking the loan from the time of calculation.

    2. Is a personal loan EMI calculator more accurate than calculation in excel sheets?

      The online loan EMI calculator is a ready to use tool with instant access to output. In an excel sheet, you are required to formulate the calculation before using it.

    3. Where can I find an online personal loan EMI calculator to calculate EMIs for various loan tenure options from PNB?

      The BankBazaar Personal Loan EMI Calculator allows you to change various fields such as loan tenure to generate the EMI for each option.

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