Multiple banks. Different interest rates. Call it a "conflict of interest".
  • Punjab National Bank Personal Loan is Rated as "Excellent!" by 32 Users

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    Punjab National Bank Personal Loan

    Punjab National Bank offers personal loans up to Rs.10 lakh at interest rates starting from just 10.45% p.a. The repayment tenure extends up to 60 months, and the processing fees levied are just 1.80% of the loan amount. 

    This lender offers personal loans to help you meet your immediate financial expenses. Whether you need to consolidate your debt, pay for your child’s wedding, take off on an exotic vacation, or anything of the sort, personal loans from Punjab National Bank can be availed at attractive rates to help you fulfill your dreams.

    PNB Personal Loan Fees and Charges 

    Loan Schemes Interest Rate Processing Fees
    Personal Loan Scheme for Public  12% to 15%  1.80% of the loan amount 
    Personal Loan Scheme for Doctors  10.45% onwards  0.90% of the loan amount plus taxes as applicable 
    Personal Loan Scheme for Pensioners  11.25% onwards  Nil 
     

    Loan Amount Details for Various Schemes

    Personal Loan Scheme for Public
    • Rs.50,000 to Rs.4 lakh or 20 times monthly income, whichever is lower.
    • Rs.50,000 to Rs.5 lakh to 20 times monthly income, whichever is lower for salaried individuals who have finished 3 years of service in their current company. 
    • Rs.50,000 to Rs.10 lakh or 20 times monthly income for employees who draw their salary through PNB and have completed three years of service in their current company. 
    Personal Loan Scheme for Doctors
    • Rs.2 lakh to Rs.15 lakh or 20 times monthly income, whichever is lower. 
    • 15 times of monthly income for loan amounts ranging from Rs.5 lakh and Rs.10 lakh. 
    Personal Loan Scheme for Pensioners
    • Rs.25,000 to Rs.10 lakh or 18x monthly pension for pensioners who are less than 70 years old. 
    • Rs.25,000 to Rs.7.5 lakh or 18x monthly pension for pensioners who are between 70 and 75 years old. 
    • Rs.25,000 to Rs.5 lakh or 12x monthly pension for pensioners who are older than 75 years of age. 
     

    Eligibility Criteria

    Here are the eligibility criteria for Personal Loan Scheme for Public:

    • Must be a permanent or confirmed defence personnel, such as officials of Central Reserve Police Force, Military Station Headquarters, Indo Tibetan Border Police, Central Industrial Security Force, Border Security Force, etc. 
    • Must be a permanent or confirmed employee of the State or Central Government, Public Sector Units, or reputed institutions or colleges including schools, autonomous bodies, universities, nursing homes, hospitals, etc. who draw their salary via Punjab National Bank accounts. 
    • Must be professionally qualified doctors whose annual income is Rs.4 lakh or more. 
     

    Eligibility criteria for Personal Loan Scheme for Doctors:

    • Must be a professionally qualified doctor whose net annual income is Rs.5 lakh or more. 
    • Must have a continued occupancy at the present residence for at least two years. 
     

    Eligibility Criteria for Personal Loan Scheme for Pensioners:

    • Must be a pensioner who draws pension through a Punjab National Bank branch. 
     

    Documents Required

    • Duly completed loan application form with photographs 
    • Form 16 or latest salary slips in case of salaried individuals 
    • Income Tax Returns for the past 3 financial years along with address proof and age proof in case of self-employed individuals 
    • Any other documents as requested by the bank 
     

    PNB Personal Loan FAQ

    Are there any extra fees or charges applicable to a Punjab National Bank personal loan? 

    Yes. Customers who avail a personal loan will have to pay processing fees which will be deducted from the loan amount at the time of disbursal. Those who avail the personal loan scheme for public will have to pay 1.80% of the loan amount as processing fees, while those who avail the personal loan scheme for doctors will have to pay 0.90% of the loan amount as processing fees. Customers who avail the loan scheme for pensioners will not have to pay any extra fees or charges when availing the loan. 

    How will the disbursal of my personal loan take place? 

    Usually, your personal loan from Punjab National Bank will be disbursed to your bank account after your application has been approved and you meet all the eligibility criteria established by the bank. 

    I am a doctor who wants to apply for a personal loan from Punjab National Bank. Is it advisable to go for Personal Loan Scheme for Public or Personal Loan Scheme for Doctors? 

    Doctors are advised to go for Personal Loan Scheme for Doctors as the interest rate applicable to it is slightly lower in comparison with the Personal Loan Scheme for Public.  

    How do I get the best interest rate on a Punjab National Bank personal loan? 

    In order to get the best possible interest rate on a Punjab National Bank personal loan, you will have to ensure that your credit score is high. You will also have to ensure that you have little to no liabilities in the form of other loans or credit card dues. Your income will also play a crucial role in determining the interest rate applicable to your personal loan.   

    How do I apply for a Punjab National Bank personal loan? 

    You can apply for a personal loan from Punjab National Bank by visiting a branch of the bank or online through the website of the bank. You could also apply for a personal loan through third party sites such as BankBazaar. 

    *This article is provided only for consumer information on an as is where is basis and BankBazaar does not claim or represent to be connected with Punjab National Bank. For further information about any of the products mentioned above please contact Punjab National Bank.

        

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Punjab National Bank Personal Loan Reviews

    • Punjab National Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for Punjab national bank from past one year ago, the loan amount which they have given to me was sufficient , the rate of interest and processing fee which they have given to me was nominal, they have not charged me any additional or hidden charges, the card came on time, still this loan is running.
      Was this review helpful? 3
      , chennai
      Reviewed on May 31, 2019
    • Punjab National Bank
      Punjab National Bank Personal Loan
      "Medium"
      0.5 4.0/5 "Great!"
      I have taken a personal loan in PUNJAB NATIONAL BANK for more than a year. The loan amount for 2Lakhs duration of 3 years.The rate of interest is nominal of 12.5%. There is no processing fee applicable. The customer service is good and responsiveness on time.
      Was this review helpful? 5
      , kolkata
      Reviewed on May 10, 2019
    • Punjab National Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using my personal loan with punjab national bank,The loan amount they have gien me was sufficient,and the rate of interest they have charged me was nominal ,they have charged me standard rate of interest comparing to market rate ,Still the loan is running, and the processing fee is nominal , their is no hidden.
      Was this review helpful? 10
      , thane
      Reviewed on Jan 27, 2019
    • Punjab National Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Pinjab National Bank and my experience was good, the process was smooth and i received my loan amount on time. The rate of interest was nominal when compared to other banks and the customer service was very good.
      Was this review helpful? 7
      , lucknow
      Reviewed on Jan 24, 2019
    • Punjab National Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding personal loan with punjab national bank,andthe loan amount they have given me was sufficient, there process was quick ,and the loan amount i got with in one week,and the rate of interest they have charged me was nominal,they have charged me up to 10.25% previously but after negotiating they have charged me 10.10% ,the processing fee they have charged me nominal,there executive had clearly explained .
      Was this review helpful? 3
      , kolkata
      Reviewed on Jan 20, 2019
    • Punjab National Bank Personal Loan
      "Good bank for personal loan"
      0.5 5.0/5 "Blown Away!"
      My personal loan was purchased with Punjab National bank. I have applied the loan amount of Rs. 1.50 lakhs and received the same. I got the loan 1.5 years before. Total tenure period of the loan is 36 months. I used to make the payment through ECS auto debit option. Within 10 days i received the loan.
      Was this review helpful? 17
      , new delhi
      Reviewed on Dec 13, 2018
    • Punjab National Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      The process in getting this loan has been smooth and easy. the loan amount also had been good as per my expectation and i have been applied this loan for one and the half year , there rate of interest and processing fee was nominal , there was no hassle i have face while loan was under process.
      Was this review helpful? 14
      , mumbai
      Reviewed on Oct 20, 2018
    • Punjab National Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting this loan has been smooth and easy. The loan amount also had been good and interest rate with them also had been nominal. There has not been any issues faced with their banking services and all went well in getting this loan.
      Was this review helpful? 15
      , lucknow
      Reviewed on Sep 03, 2018
    • Punjab National Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      My saving account was taken with PNB 2 years back. They have offered platinum card and the daily withdrawal limit was 25,000. The customer service and responses was really good. Here 5000 is the minimum balance to maintain the account. The interest rate and charges was average .,
      Was this review helpful? 15
      , new delhi
      Reviewed on May 17, 2018
    • Punjab National Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had taken a personal loan with Punjab National Bank.The loan amount is 2 lakhs,rate if interest is 147% very high as compared to others,i have not come across additional charges like processing fees,foreclosure charges.The EMI amount is paid by an auto debit option.
      Was this review helpful? 10
      , kolkata
      Reviewed on Feb 02, 2018
    • Punjab National Bank Personal Loan
      "Good service"
      0.5 2.0/5 "Expected more"
      I have got the personal loan with the Punjab national bank and I have closed it long back but still my credit score shows it is active. The customer support PNB haven't updated my loan in the cibil. The customer support of PNB needs improvement .
      Was this review helpful? 16
      , pune
      Reviewed on Dec 27, 2017
    • 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? 7
      , 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? 9
      , 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? 6
      , 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? 4
      , 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? 9
      , 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? 11
      , 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? 5
      , 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? 1
      , 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? 9
      , dehradun
      Reviewed on Nov 11, 2015
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