• Punjab National Bank (PNB) Personal Loan

    Punjab National Bank offers three personal loan schemes with interest rates starting at as low as 8.90% p.a. and attractive repayment terms.

    • Interest Rate – 8.90% p.a. - 14.45% p.a.
    • Loan Amount – Up to Rs.20 lakh
    • Loan Tenure – Up to 72 months
    • Processing Fee – Up to 1% of the loan amount
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    Check your Eligibility!

    Punjab National Bank offers personal loans up to Rs.20 lakh under the ‘Personal Loan Scheme for Public’ scheme at interest rates starting from just 8.90% p.a. The repayment tenure extends up to 72 months, and the processing fees levied is up to 1% of the loan amount.

    The bank also offers loans of up to Rs.20 lakh under the ‘PNB Doctor’s Delight – Personal Loan Scheme to Doctor’ scheme for a maximum tenure of up to 84 months.

    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 8.90% p.a. onwards 1% of the loan amount
    PNB Doctor’s Delight - Personal Loan Scheme to Doctors 8.90% p.a. onwards 0.90% of the loan amount plus taxes as applicable
    Personal Loan Scheme for Pensioners 9.25% p.a. onwards Nil

    Loan Amount Details for Various Schemes

    Personal Loan Scheme for Public
    • Up to 24 times of the gross monthly income of the applicant subject to a maximum amount of Rs.20 lakh.
    Personal Loan Scheme for Doctors
    • Rs.2 lakh to Rs.20 lakh or 24 times of the gross monthly income, whichever is lower. This is subject to a minimum net annual income of Rs.5 lakh or more.
    Personal Loan Scheme for Pensioners
    • Rs.25,000 to Rs.10 lakh or 18 times of the net monthly pension for pensioners who are up to 70 years old.
    • Rs.25,000 to Rs.10 lakh or 20 times of the net monthly pension for defence pensioners who up to 70 years old.
    • Rs.25,000 to Rs.7.5 lakh or 18 times of the net monthly pension for pensioners who are between 70 and 75 years old, whichever is lower.
    • Rs.25,000 to Rs.7.5 lakh or 18 times of the net monthly pension for defence pensioners who are between 70 and 75 years old, whichever is lower.
    • Rs.25,000 to Rs.5 lakh or 12 months’ worth of pension amount for pensioners who are older than 75 years of age, whichever is lower.

    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.
    Check Your Eligibility

    Documents Required for PNB Loan

    • 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

    FAQs on PNB Personal Loan

    1. How to contact Punjab National Personal loan Bank customer care?

      2. 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
    2. Are there any extra fees or charges applicable to a Punjab National Bank personal loan?

      3. 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 up to 1% 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.

    3. How will the disbursal of my personal loan take place?

      4. 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.

    4. 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?

      5. Doctors are advised to go for Personal Loan Scheme for Doctors as the processing fee is slightly lower in comparison with the Personal Loan Scheme for Public.

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

      6. 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.

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

      7. 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.

    A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.

    Punjab National Bank News

    • PNB launches 6S Campaign

      The 6S Campaign under the customer outreach programme was launched by the Punjab National Bank (PNB). The bank will offer various financial services to its customers at affordable and concessional rates.
      This campaign will merge various important features of some of the bank’s well-known schemes such as Samruddhi, Swabhiman, Sampark, Shikhar, Sankalp, and Swagat.
      The campaign has been launched with the aim to develop financial services in India and offer more financial inclusion to people in India. Those who do not have much knowledge or the platform to avail financial schemes to meet their various requirements will benefit from this campaign.
      The bank is also aiming to drive the credit outreach to the agriculture sector considered to be the cornerstone of the Indian economy with the help of its Samruddhi scheme.

      09 October 2021

        

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    Punjab National Bank Personal Loan Reviews

    Write a Review
    • Punjab National Bank
      "Easy loan approval"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 221
      , bellary
      Reviewed on Nov 29, 2019
    • Punjab National Bank
      Punjab National Bank
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 81
      , new delhi
      Reviewed on Nov 18, 2019
    • Punjab National Bank
      "Good"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 59
      , jaipur
      Reviewed on Oct 12, 2019
    • Punjab National Bank
      "Good service"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 35
      , bhadrak
      Reviewed on Oct 04, 2019
    • Punjab National Bank
      "Good service"
      0.5 5.0/5 "Blown Away!"
      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 .
      Was this review helpful? 51
      , sriperumbudur
      Reviewed on Aug 21, 2019
    • Punjab National Bank
      "Average Loan"
      0.5 2.0/5 "Expected more"
      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.
      Was this review helpful? 39
      , chennai
      Reviewed on Aug 13, 2019
    • Punjab National Bank
      "Its Good"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 40
      , kolkata
      Reviewed on Aug 06, 2019
    • Punjab National Bank
      "Average"
      0.5 3.0/5 "Satisfactory"
      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.
      Was this review helpful? 31
      , aurangabad
      Reviewed on Jul 12, 2019
    • Punjab National Bank
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 36
      , chennai
      Reviewed on Jul 03, 2019
    • Punjab National Bank
      "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? 30
      , chennai
      Reviewed on May 31, 2019
    • Punjab National Bank
      "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? 36
      , kolkata
      Reviewed on May 10, 2019
    • Punjab National Bank
      "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? 30
      , thane
      Reviewed on Jan 27, 2019
    • Punjab National Bank
      "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? 33
      , lucknow
      Reviewed on Jan 24, 2019
    • Punjab National Bank
      "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? 32
      , kolkata
      Reviewed on Jan 20, 2019
    • Punjab National Bank
      "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? 65
      , new delhi
      Reviewed on Dec 13, 2018
    • Punjab National Bank
      "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? 49
      , mumbai
      Reviewed on Oct 20, 2018
    • Punjab National Bank
      "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? 49
      , lucknow
      Reviewed on Sep 03, 2018
    • Punjab National Bank
      "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? 50
      , new delhi
      Reviewed on May 17, 2018
    • Punjab National Bank
      "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? 49
      , kolkata
      Reviewed on Feb 02, 2018
    • Punjab National Bank
      "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? 90
      , pune
      Reviewed on Dec 27, 2017
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