Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Punjab National Bank (PNB) Personal Loan Interest Rates is Rated as "Great!" by 21 Users

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    Punjab National Bank (PNB) Personal Loan Interest Rates

    About Punjab National Bank Personal Loan

    With a Punjab National Bank Personal Loan, you can easily fulfill your dreams and meet all genuine personal needs. The bank offers customized personal loan schemes to help you get rid all your financial worries and deal with emergency situation in life with ease. You can use the amount received as personal loan from Punjab National Bank for paying medical bills, arranging your son or daughter’s wedding, paying off your children’s education fees, funding a pleasure trip to abroad and fulfill many such personal needs.

    Perfect Personal Loan Deals for you

    Punjab National Bank Personal Loan Interest Rates

    Punjab National Bank offers attractive rates of interest on personal loans to reduce your financial worries. The bank may offer different rates of interest on personal loans taken for different tenures. However, certain factors such as your income level, your repayment capacity and your relationship with the bank may affect your Punjab National Bank Personal Loan interest rate in 2105. The personal loan interest rates offered by Punjab National Bank ranges from 13% to 16% based on different loan tenures.

    Punjab National Bank Personal Loan Interest Rates 2017

    Particulars Salaried
    Interest rate
    • Loans up to Rs.10 lakhs taken by individuals whose salary is being disbursed through PNB branches (incl. Defence Personnel) – MCLR + 3.10%
    • Loans above Rs.5 lakh & up to Rs.10 lakh taken by individuals of other categories i.e. applicants without a PNB Account regardless of check off facility - MCLR + 4.10%
    • Loans up to Rs.5 lakh taken by individuals who are availing the loan under check off facility (Including Defence Personnel) -  MCLR + 5.10%
    • For all other individuals who have taken a loan up to Rs 5 lakh - MCLR + 6.10%.
    Loan Amount Minimum: Rs 50,000 Maximum:
    • For all borrowers - Rs. 4,00,000 or 20 times net monthly income, whichever is lower subject to minimum Net monthly salary.
    • For those Salaried persons who have completed 3 years of service in their present organization & are drawing net monthly salary of not less than Rs.30,000 p.m., maximum loan amount is Rs 5,00,000 or 20 times monthly net salary whichever is lower.
    • For employees drawing salary through PNB branches & have completed 3 years of service in their current organization, the maximum loan amount available is Rs.10 lakh or 20 times of their net monthly salary.
    Loan Tenure Loan must be repaid within the applicant’s tenure of service of in a maximum of 60 EMIs, whichever is earlier.  
    Lowest EMI NA
    Processing Fee 1.80% of loan amount
    Age -
    Prepayment Charges No prepayment charges.

    How to calculate interest/ EMIs on Punjab National Bank Personal Loan Interest Rate

    You can easily calculate your monthly EMIs on your PNB Personal Loan. The only thing you need to do is to use an online EMI Calculator and put the following details in it - the loan tenure, rate of interest, processing fees ( if any) and the principal amount. The calculator will instantly reveal your monthly EMIs and the total interest amount payable on the principal. It will also provide you with the personal loan amortization table that contains the total break up of your repayment.

    Example: Suppose, you are a salaried individual. You have taken a personal loan of Rs. 1 lakh at 13.00% from PNB for 5 years by paying a processing fees of 1.80% (excluding GST and education cess). Then, you will be paying the below mentioned amounts towards your repayment per year:

    YearPrincipal paid (Rs.)Interest paid (Rs.)Balance amount (Rs.)
    Year 16,0905, 28593, 910
    Year 216,02811,275 77, 881
    Year 318, 2419,06559, 641
    Year 420,7596, 54438, 883
    Year 523, 6233, 67915, 259

    Factors affecting Punjab National Bank Personal Loan Interest Rate

    The following factors may affect your PNB Personal Loan interest rates in 2015.

    • Employment details: If you are a permanent employee of a reputed organization, PNB may offer you reduced rate of interest on your personal loans. But, before deciding to offer you reduced rates, the bank will check your employee details and the number of assets you have. PNB has different personal loan schemes for salaried and non-salaried individuals.
    • Relationship with PNB: Banks normally offer preferential rates on personal loans for its high-valued customers. Also, if you have a good relationship with PNB, it may receive lower rates of interest on your personal loan.
    • Loan tenure: Taking a loan for a longer tenure may help you get reduced rate of interest on personal loans.
    • Repayment capacity: If you are capable of repaying your personal loan on time without defaulting, you may receive cheaper rate of interest on your PNB Personal Loan interest rates in 2015.

    How CIBIL Score affects your PNB Personal Loan Interest Rates

    If your CIBIL score is good, PNB may offer cheap interest rate on your personal loan. Usually, banks consider 750 as a satisfactory CIBIL score. If you CIBIL score is 750 or above, you may be in an advantageous position to get better rate on your personal loan form PNB. So, maintain a good credit history/ score by paying all your debts on time.

    Key things you should know about PNB Personal Loan Interest Rates

    If you are planning to apply for a personal loan with PNB, understand the following key things before you proceed:

    • Know the difference between fixed and floating rates of interest charged by PNB Bank. In floating rate personal loans, your payment towards the interest component varies based on the changes in bank’s prime lending rate. In fixed rate personal loans, you pay the same amount of interest for the whole tenure.
    • PNB accepts suitable third party guarantor for personal loans.
    • Always maintain a good credit history so that you can receive preferential rates of interest on your PNB personal loan in 2015.
    • It’s important you also know how to calculate your PNB Personal Loan EMIs which you can do by using a Personal Loan EMI Calculator available online.

    PNB Personal Loan Interest Rates 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? 1
      , 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? 1
      , 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? 2
      , 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? 3
      , 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
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