Punjab National Bank Personal Loan

About Punjab National Bank Personal Loan

Punjab National Bank is an Indian multinational banking and financial services company. This state-owned corporation is known for offering personal, social, agricultural, international and corporate banking services. Moreover, among its many services, this renowned bank is known for offering the best of personal loans. Yes, to satisfy the personal needs of all, the bank provides personal loan with unmatched features and benefits.

Whether you are looking funds for home renovation, family vacation or for your child’s education, PNB fulfills every financial need of yours. Being a helping hand, the bank fulfills every wish of yours by supporting you financially well. More to the point, for further clarity on this, read this article below and know everything about PNB personal loan.

Personal Loan

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    Punjab National Bank Personal Loan Interest Rates

    Particulars Details
    Interest Rates11.10% - 14.85%
    Loan Amount₹50,000-₹10 lakh
    Repayment60 months
    Prepayment ChargesNil
    Processing Fees1.80% of the loan amount

    Eligibility Criteria for PNB Personal Loan

    To avail the personal loan in Punjab National Bank, you need to fit into the below eligibility criteria.

    CriteriaSalariedSelf-Employed
    AgeMin-21 years, Max-58 yearsMin-21 years, Max-65 years
    Income₹15000 per month at metro centres
    ₹12500 per month at urban centres

    ₹10000 per month at semi-urban and rural centres
    An applicant should have minimum monthly income of ₹20,000
    Total years in profession2 years2 years
    Years in current residence1 yearNA

    PNB Personal Loan EMI Calculator

    Let’s assume. Rakesh Gupta wants to avail a loan of ₹ 2,00,000 Lakh from this bank at an interest rate of 14% for a tenure of 5 years, to know the EMIs, Interest Outgo and Total Amount Payable of the same, let’s just take a look at the table below.

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    Year Principal Interest Balance Amount

    Documentation Required for PNB Personal Loan

    Next thing on which you need to pay attention is the documentation required to get the personal loan in this bank.

    SalariedSelf-Employed
    Loan application form with passport size photographLoan application form with passport size photograph
    Identify proof with unique identification number in case of military/ para military personnelIdentify proof with unique identification number in case of military/ para military personnel
    Educational qualification proofEducational qualification proof
    Age proofAge proof
    Proof of official address and residential addressProof of official address and residential address
    Income proofIncome proof
    Latest salary slipIT returns for the last three financial years
    Form 16, duly authenticated by the employerLatest bank statement

    PNB Personal Loan Online Apply

    Interested in applying for PNB Personal Loan? If yes, you would be glad to know that it is absolutely easy and a hassle-free process to apply online for the same. Yes, you can get this unsecured loan anytime as per your comfort and convenience. All you need to do is open the website, fill the required form by entering your personal as well as professional details and then click on the submit button.

    Features and Benefits

    • Attractive interest rates
    • No guarantor/ surety required
    • Flexible repayment options
    • Loans available for various needs
    • Minimal Paperwork
    • Quick processing & Disbursal
    • Enjoy the convenience of doorstep service

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    RBL 13.00% - 18.00%
    Standard Chartered Bank 11.49% - 14.49%
    Tata Capital 10.99% - 18.00%
    Home Loan Interest Rates April 2018
    State Bank of India/SBI 8.35% - 8.90%
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    LIC Housing 8.45% - 8.90%
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    ICICI Bank 8.35% - 8.85%
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    EMI Calculator