PNB Personal Loan Kaise Le 2024 – PNB Personal Loan Details

Sachin Blogger May 6, 2024 121 Views

PNB Personal Loan: Do you need money to cover your dream vacation, home renovation or wedding expenses? Punjab National Bank (PNB) Personal Loan is a great option for you. PNB is one of the leading banks in India, offering a wide range of financial products and services to its customers.

In this blog post, we will cover everything from PNB Personal Loan eligibility criteria to interest rates and benefits so that you can make an informed decision on whether it is the right option for you.

Table of Contents

PNB Personal Loan

Punjab National Bank Personal Loan interest rates start from only 10.40% per annum. From PNB Bank, you can avail loan amount up to Rs 20 lakh, for which you are given a period of up to 84 months to repay. Along with this, PNB Bank charges processing fee up to 1% of your loan amount.

Punjab National Bank offers personal loan loans to salaried and self-employed individuals as well as pensioners. You can avail PNB Personal Loan to meet your personal requirement.

PNB Personal Loan Interest Rates

Punjab Nation Bank Personal Loan interest rates start from 10.40% per annum and go up to 16.95%. This interest rate is decided as per the plan chosen by you which you will read about below. Apart from this, many factors like credit history of the applicant, income, loan amount, repayment period etc. affect the interest rates of PNB Personal Loan.

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PNB Personal Loan EMI Calculator

Whenever we take a loan, the first thing we do is find out the EMI of that loan. To find EMI we use EMI Calculator. EMI calculator is a tool that helps you know the amount that you have to pay as loan installments on a fixed date of every month.

You can calculate your EMI using the EMI calculator given below in which you just need to enter the loan amount, interest rate and tenure. EMI Calculator will calculate and show the EMI of your PNB Personal Loan.

Which loans does Punjab National Bank provide?

Following are the types of Punjab National Bank Personal Loan:

1. Personal Loan Scheme for Public

Under the Personal Loan Scheme for Public, you can avail Personal Loan from PNB Bank to meet your personal financial needs like marriage, education, travelling, emergency medical condition etc. Following are the features of this scheme:

Loan Amount: You can get a minimum loan amount of Rs 50,000 and maximum of Rs 10 lakh.
Interest Rate: The bank offers you an attractive interest rate of 11.40% per annum.
Loan Tenure: You are offered a repayment tenure of up to 60 months.
Processing Fee: Up to 1% of the loan amount.

2. Punjab National Bank Doctor’s Delight (Personal Loan Scheme for Doctors)

This PNB Personal Loan is specially designed for doctors practicing as well as having recognized jobs like MMBS, BDS, etc. This scheme has the following features:

Loan Amount: You can get a minimum of Rs 2 lakh and a maximum of Rs 15 lakh or 20 times the monthly salary, whichever is lower.
Interest Rate: The bank offers you an attractive interest rate of Rs 10.40 per annum.
Loan Tenure: The bank offers you a tenure up to 84 months.
Processing Fee: Up to 0.90% of the loan amount.

3. Personal Loan Scheme for Pensioners

This scheme is mainly designed for pensioner person. Only those persons who have a pension account in any branch of Punjab National Bank can avail the benefit of this scheme. Following are the main features of this scheme:

Loan Amount: The minimum loan amount of loan under this scheme is Rs 25,000 and the maximum amount varies depending on the type of pensioner.

For those up to 70 years of age: Less than Rs 10 lakh and 18 times the net monthly pension.
For Defense Pensioners up to 70 years of age: Rs 10 lakh plus 20 times the net monthly pension.
For those aged 70 years to 75 years: Less than Rs 7 lakh and 18 times the net monthly pension (20 times the net monthly pension in the case of defense pensioners)
For those aged 75 years: Rs 5 lakh or 12 times the monthly pension amount, whichever is less.

Interest Rate: Starting from Rs 11.75.
Term Loan: Up to 60 months or up to 78 years of age (whichever is earlier)
Over Draft: Up to 60 months or 78 years of age (whichever is earlier) on monthly reducing DP basis.
Processing Fee: Nil

4. PNB Covid-19 Personal Loan

Under the Covid-19 Personal Loan Scheme launched by Punjab Nation Bank, you can get a loan amount up to Rs 3 lakh. You can use this loan amount for medical treatment related to Covid-19 for yourself or your family.

Loan Amount: Maximum loan amount is Rs 3 lakh.
Interest Rate: PNB Covid-19 Personal Loan is offered at an interest rate of 8.50% per annum.
Loan Tenure: The bank gives you a tenure of up to 60 months to make payments.

Eligibility Criteria for PNB Personal Loan

To apply for Punjab Nation Bank Personal Loan you need to fulfill the following eligibility criteria:

For Public:

The applicant must be a permanent or confirmed defense personnel, such as officers of Central Reserve Police Force, Indo Tibetan Border Police, Military Station Headquarters, Border Security Force, Central Industrial Security Force, etc. can apply for this loan.
The applicant must be a permanent or permanent employee who receives his salary through Punjab National Bank account.

For doctors:

A professional doctor whose net annual income is at least Rs 5 lakh can avail a Personal Loan from PBN Bank.
A professional doctor must have been residing at his/her current residence for at least two years only to be eligible to apply for the loan.

For pensioners:

A pensioner who receives pension through Punjab National Bank branch can apply for this scheme.

What documents are required to take loan from Punjab National Bank?

The following documents are required to apply for a personal loan offered by Punjab National Bank:

Photograph: Passport size photograph of the applicant and duly filled application form.
Identity Proof: Aadhar Card, Voter ID, Passport, Driving License etc.
Proof of address: Ration card, utility bill, rent agreement, passport, etc.
Age proof and educational qualification proof.
income proof document

For Salaried:

Latest salary certificate, gross and net salary, ITR/Form 16 for last 2 years, bank statements of salary account for at least last 1 year.

For self-employed:

Statement of assets and liabilities with supporting documents.

For LIC Agents:

Salary Certificate, ITR/Form 16 for at least last 3 years, Bank Account Statement for at least last 1 year, Agency Number/Agency Code, Assignment of LIC Policy itself along with loan amount Tangible collateral security equal to the sum assured/100% of the loan amount.

For Doctors:

Recent salary certificate of at least last 2 years, ITR/Form 16, Bank account statement of at least last 1 year.

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How to take loan from Punjab National Bank?

To apply for Punjab National Bank Personal Loan you need to follow the steps given below:

Go to the official website of PNB.
Now you have to go to the loan section and click on ‘Personal Loan’.
A new page will open in front of you where you will have to click on the ‘Apply Now’ button.
The application form will open in front of you.
Enter personal information in the application form like name, mobile number, birth etc.
Enter the OTP received on the mobile number and click on ‘Submit’.
A representative of the bank will contact you and help you proceed with your loan application.
The documents submitted by you will be scrutinized.
If you are eligible for PNB Personal Loan then your loan will be accepted and the loan amount will be disbursed to your account.

How to login to PNB Portal?

To login to PNB Portal, follow the steps given below:

Go to the official website of PNB.
Login using your user ID and password.

How to check PNB Personal Loan Application Status?

To check PNB personal loan application status, follow the steps given below:

Click on ‘Online Services’.
Click on ‘Loan’ in ‘Online Services’.
Now enter the required information.
Your PNB personal loan application status will be displayed on the screen.

Points To Remember Before Applying for PNB Personal Loan:

Credit Score:

Before applying for PNB Personal Loan, be sure to check your credit score. A credit score of more than 750 is generally considered ideal when applying for a personal loan.

Loan Tenure:

Choose the repayment tenure of your personal loan wisely. If you choose a very long tenure, you will pay more interest and if you choose a short tenure, your EMI amount will be higher.