PNB Personal Loan interest rates start at 11.00% and go up to 17.55% for personal loans up to 20 Lakhs, making them one of the most versatile options for personal loans in the market. With a repayment tenure that can go up to 72 months and quick disbursal, PNB is one of the best options for personal loans among the public.
Although an interest rate of 11.00% is not available for everyone, there are numerous ways to make yourself worthy of personal loans at lower interest rates. Read on to learn about the various types of PNB personal loan interest rates, their typical repayment schemes and how to make yourself eligible for the lowest interest rates.
| The PNB pre-approved personal loan interest rates start as low as 11.10%. The PNB personal loan interest rate for a salary account can vary between 11.00% and 17.55%, depending on your credit profile and relationship with the bank. |
PNB Personal Loans Interest Rates
Punjab National Bank’s Personal loan interest rates start at 11.00% for the public. However, there are certain restrictions for the general public in accessing the funds at such lower interest rates. This rate is entirely dependent on various factors like your credit score, salary amount, etc.
The PNB personal loan interest rate is linked to the bank’s RLLR (Repo Linked Lending Rate) or MCLR, ensuring transparency but also subjecting rates to RBI policy changes.
Here is a list of all the personal loans offered by PNB and their corresponding interest rates:
PNB Sahyog Rin – Personal Loan Scheme for Public
| # | Personal Loan Scheme | Floating ROI | Fixed ROI |
|---|---|---|---|
| 1 | – Loan to Defence personnel drawing salaries through PNB – Paramilitary personnel drawing salaries through PNB – Customers covered under the Rakshak Plus scheme | 11.00% | 12.00% |
| 2 | – Loan to Govt. Employees drawing salaries through PNB – A loan for a Section Officer or equivalent and above, not having a salary account with PNB | 11.35% – 13.85% | 12.35% – 14.85% |
| 3 | – Loans to Corporate/other Employees drawing salaries through PNB – Loan to Govt. Employees not drawing salary with PNB | 12.35% – 15.85% | 13.35% – 16.35% |
| 4 | – Loan to employees under the check-off facility | 13.85% – 16.55% | 14.85% – 17.55% |
PNB Pre-Approved Personal Loan / Digital Personal Loan
| # | Personal Loan Scheme | Floating ROI | Fixed ROI |
|---|---|---|---|
| 1 | Central Govt. / State Govt. / PSU / Pvt. Employees | 11.10% – 13.10% | 12.10% – 14.10% |
| 2 | Pensioners | 11.10% | 12.10% |
| 3 | Existing customer based on QAB & TRV | 11.10% – 13.10% | 12.10% – 14.10% |
| 4 | Existing Car Loan, Home Loan and Personal Loan borrowers | 11.10% – 12.10% | 12.10% – 13.10% |
| 5 | Digital Personal loan to NTB customers PNB SWAAGAT | 11.10% – 13.10% | 12.10% – 14.10% |
| 6 | Fully repaid Home loan / Car loan / Education loan / Personal loan borrowers | 11.10% – 12.10% | 12.10% – 13.10% |
Other Personal Loan Types
| # | Personal Loan Scheme | Floating ROI | Fixed ROI |
|---|---|---|---|
| 1 | Personal Loan Scheme For Pensioners | 11.35% | 12.35% |
| 2 | Personal Loan Scheme For COVID | 10.55% (Based on RLLR) | – |
Note: Actual rates depend on credit profile, loan amount, and tenure. Rates as per the PNB official site, April 2025.
PNB Personal Loan Fees & Charges
It is important to know the various charges related to a personal loan scheme when applying for one. The PNB Personal loan maintains a transparent fee structure, minimising hidden charges and unexpected expenses, making it one of the best personal loans online in India.
Here is a comprehensive list of all the charges related to PNB personal loans.
| Fee Type | Details |
|---|---|
| Processing Fee | Up to 0.50% of the loan amount + GST |
| Prepayment Charges | 2% after 6 months (if applicable) |
| Late Payment Penalty | 2% p.m. on overdue EMI |
| Loan Cancellation | ₹2,500 + GST |
| EMI Bounce Charges | ₹500 per instance |
Note: The charges mentioned are intended to be informative and are subject to change depending on the bank’s decision. It is advised to revise the same from the official sources.
PNB Personal Loan Details
The PNB personal loan is one of the best personal loan options available for the public, especially for pre-approved and salaried individuals. This includes competitive interest rates, flexible repayment options, and minimal hassle while applying for a personal loan. Below is a summary of all the various aspects of a PNB Personal loan.
| Parameter | Details |
|---|---|
| Loan Amount | ₹25,000 to ₹20 lakh |
| Tenure | 12 to 72 months |
| Interest rates | 11.00% – 17.55% |
| Minimum Salary | ₹15,000/month |
| Processing Fee | Up to 0.50% of the loan amount + GST |
Get Personal Loan Online Up to ₹15 Lakhs
By entering your number, you're agreeing to Terms & Conditions & Privacy Policy.
Comparison of Personal Loan Interest Rates
When compared with other nationalised banks and NBFCs, PNB’s Personal loan interest rates are much more adaptable to individuals, especially for government employees and pensioners.
Here is a quick comparison between top financial institutions:
| Institution | Interest Rate (p.a.) | Processing Fee |
|---|---|---|
| Punjab National Bank | 11.00% – 17.55% | Up to 0.50% |
| Union Bank of India | 11.25% – 14.95% | Up to 0.50% |
| State Bank of India | 11.15% – 14.30% | Up to 1.50% |
| Bank of Baroda | 10.90% – 18.30% | 2% |
| Bank of India | 11.60% – 16.20% | 1% |
Note: Rates are as per the PNB official website and subject to change. Please confirm with the bank before applying.
Your Amortization Schedule (Yearly/Monthly)
PNB Personal Loan EMI Calculator
Using a Personal Loan EMI Calculator can eliminate manual EMI calculation, which can be error-prone due to varying interest rates and tenures. The PNB Personal Loan EMI Calculator also offers accurate, instant estimates, helping borrowers plan repayments effectively by adjusting loan amount, tenure, and rate variables.
EMI for PNB Personal Loan
Here is a typical interest rate chart for various amounts of loans across different tenures, using the standard lowest interest rate for a salaried individual, 11.10%, as the interest rate.
| Loan Amount | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
|---|---|---|---|---|---|
| ₹1 Lakh | ₹8,841 | ₹4,661 | ₹3,274 | ₹2,588 | ₹2,174 |
| ₹2 Lakh | ₹17,682 | ₹9,322 | ₹6,548 | ₹5,176 | ₹4,348 |
| ₹3 Lakh | ₹26,523 | ₹13,983 | ₹9,822 | ₹7,764 | ₹6,522 |
| ₹4 Lakh | ₹35,364 | ₹18,644 | ₹13,096 | ₹10,352 | ₹8,696 |
| ₹5 Lakh | ₹44,205 | ₹23,305 | ₹16,370 | ₹12,940 | ₹10,870 |
| ₹6 Lakh | ₹53,046 | ₹27,966 | ₹19,644 | ₹15,528 | ₹13,044 |
| ₹7 Lakh | ₹61,887 | ₹32,627 | ₹22,918 | ₹18,116 | ₹15,218 |
| ₹8 Lakh | ₹70,728 | ₹37,288 | ₹26,192 | ₹20,704 | ₹17,392 |
| ₹9 Lakh | ₹79,569 | ₹41,949 | ₹29,466 | ₹23,292 | ₹19,566 |
| ₹10 Lakh | ₹88,410 | ₹46,610 | ₹32,740 | ₹25,880 | ₹21,740 |
| ₹15 Lakh | ₹1,32,615 | ₹69,915 | ₹49,110 | ₹38,820 | ₹32,610 |
| ₹20 Lakh | ₹1,76,820 | ₹93,220 | ₹65,480 | ₹51,760 | ₹43,480 |
| ₹25 Lakh | ₹2,21,025 | ₹1,16,525 | ₹81,850 | ₹64,700 | ₹54,350 |
| ₹30 Lakh | ₹2,65,230 | ₹1,39,830 | ₹98,220 | ₹77,640 | ₹65,220 |
| ₹50 Lakh | ₹4,41,050 | ₹2,33,050 | ₹1,63,700 | ₹1,29,400 | ₹1,08,700 |
Disclaimer: These values are indicative and may vary based on exact terms and borrower risk category. The mentioned values are interest rates alone, excluding processing fees or any additional charges.
Get Personal Loan Online Up to ₹15 Lakhs
By entering your number, you're agreeing to Terms & Conditions & Privacy Policy.
Factors Affecting PNB Personal Loan Interest Rate
Even though you might fall under certain categories that could provide you with lower interest rates, it alone is not assured to get you the lowest possible interest rate. Several other factors can influence your PNB personal loan interest rates.
Key factors influencing your PNB personal loan interest rate include:
- Employment Type: Government employees often get lower rates.
- Credit Score: Higher scores (750 and above) unlock better rates.
- Relationship with PNB: Salary account holders or previous loan applicants with a good history may receive preferential rates.
- Loan Amount & Tenure: Larger amounts or shorter tenures may impact rates.
Impact of Credit Score on PNB Personal Loan Interest Rates
Your credit score is a three-digit number scored in the range of 300 and 900 that represents your creditworthiness. It is affected by various factors and serves as a pivotal factor for your eligibility for credit.
Your credit score can
- lower interest rates
- Make you eligible for pre-approved loan offers
- provide a faster loan approval
Generally, a score of 700 and above is considered the best; however, in many cases, a score of 800 can benefit better. Below 700, the PNB personal loan interest rates may be higher.
For example, in the case of a digital pre-approved personal loan for Central Govt./State Govt./PSU/Pvt. Employees, the following can be the impact of credit score on the PNB personal loan interest rates:
| Credit score (CIBIL preferred) | ROI | |
|---|---|---|
| Floating | Fixed | |
| Greater than or equal to 800 | 11.10% | 12.10% |
| Between 750 and 800 Or With Nil credit history (i.e -1 or 0) | 12.10% | 13.10% |
| 700 to 749 | 13.10% | 14.10% |
Impact of Repo Rate on Personal Loan Interest Rate
PNB aligns many personal loans with the RLLR (Repo Linked Lending Rate). The Repo Linked Lending Rate (RLLR) is a type of floating interest rate used by banks in India, where the loan interest rate is directly linked to the Reserve Bank of India’s (RBI’s) Repo Rate.
The impact of the repo rate cut on personal loan interest rates is as follows:
- Lending is more affordable by traditional banks at a lower repo rate.
- PNB offers more personal loans at reduced interest rates.
- This influences the MCLR and RLLR at which a bank equates the total interest rate for individuals.
RBI’s repo rate can have a direct effect on your RLLR, which in turn can increase or decrease your floating interest rate. Any RBI repo rate cut can lead to reduced loan interest rates for floating interest rate products. However, a sudden change in the repo rate cannot affect your existing fixed interest rate, as your rate is fixed for the entire tenure.
As of April 2025, the MCLR of PNB stands at 9.40%, and the RLLR stands at 8.85%.
| Fixed-rate loans remain unaffected by repo movements. However, it can indirectly affect your interest rates, as banks might change the MCLR accordingly, which is a major factor while calculating interest rates for new fixed-rate loan products. |
Download the Buddy Loan App Now!
One solution to each of your financial needs at your fingertip.
Scan to download now
