Punjab National Bank offers personal loans up to Rs.10 lakh at interest rates starting from just 8.95% 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
9.30% to 14%
1% of the loan amount
Personal Loan Scheme for Doctors
8.95% onwards
0.90% of the loan amount plus taxes as applicable
Personal Loan Scheme for Pensioners
9.30% 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.
You can contact the bank through any of the following ways:
Call the toll-free numbers: 1800 180 2222 and 1800 103 2222
Call the tolled number 0120-2490000
Call the landline number 011-28044907
Email the bank at care@pnb.co.in
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.
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I have taken a personal loan from PUNJAB NATIONAL BANK. The loan amount was Rs. 1,00,000 and the rate of interest was 9.2%. I am paying EMI of RS. 3400, within 21 days i received this loan. Almost i had completed 2 years paying emi. There is a no pre closure charges.
I have taken personal loan directly through Punjab National Bank .The rate of interest was 12 % it was nominal and got the loan on stipulated time frame .The loan process was clearly updated by the agent .The loan amount was sufficient and also closed this loan successfully without any drawbacks.
I have saving account with Punjab National Bank. I have been using this account for the past three years. It is a zero balance account. I am really happy with their services. Bank branch and ATMs are nearby. I am using netbanking and mobile banking, it's very useful.
I have taken personal loan through Punjab National Bank .The rate of interest and the processing fee was less ,I have got the loan amount on time ,I have got all the relevant details about the loan process through the agent .I have got the loan on time ,There was no drawbacks faced while submitting the documents.
I have applied for personal loan through Punjab National Bank directly.I have applied for the loan amount of 2 lakhs for the tenure of 3 years and i have closed the loan successfully .The documents was less and there was no issues with rate of interest and the processing fee .I am satisfied with the service .
Earlier i had taken the personal loan from Punjab National Bank and i have done the pre-closure. The new branch in the branch is not responsive and his behavior is not good. Wantedly they are delay in sanctioning the loan and they are not ready to provide the loan amount based on my profile.
Since PNB is a government bank their documentation part was little hassle remaining all fine. I believe at the time of loan documentation they quoted 13 to 14% of interest for the loan amount Rs. 3.5 lakhs with the duration of four years. Now it got closed and got the noc.
I have saving account with Punjab National Bank. Minimum Balance is Rs. 2 thousand. There is no hidden charges. ATM and other charges are there. Their customer service is good. Bank branch and ATM are nearby but when I go to branch employee are not that helpful, not good response.
Directly i have visited the Punjab National bank for applying the personal loan. They have offered me a interest rate of 9%. Since its a Government based bank, the service is not upto the mark. I applied the loan amount of Rs. 3 lakhs for that i'm paying the EMI of Rs. 9000 every month.
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.
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11
LAKSHMANAN JAMBUNATHAN
, chennai
Reviewed on May 31, 2019
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.
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15
SUNDARANANDA MANDAL
, kolkata
Reviewed on May 10, 2019
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.
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.
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13
PAWAN KUMAR SHARMA
, lucknow
Reviewed on Jan 24, 2019
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 .
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.
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28
ROHIT KISHORE
, new delhi
Reviewed on Dec 13, 2018
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.
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.
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 .,
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.
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 .
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32
SANDEEP SINGH PARCHA
, pune
Reviewed on Dec 27, 2017
