You can now avail a PNB personal loan with low-interest rates starting at 10.40% p.a. One of the most trusted loan providers in India, PNB offers instant personal loan for all your emergency expenses. Get a loan amount of up to Rs. 20 Lakhs, with flexible repayment tenure extending to 84 months.
Now, availing a PNB instant loan is easy. Apply online through Buddy Loan for a hassle-free experience. Check your eligibility for PNB personal loan right now.
Now get approval with an attractive interest rate from the comfort of your home. Here are the highlights of PNB personal loan interest rates in detail:
|PNB interest rate||Starting at 10.40% p.a.|
|Loan amount||Up to ₹20 Lakhs|
|Tenure||Up to 5 years (7 years for pensioners)|
|Minimum Salary||₹5,00,000 p.a.|
|Processing Fee||Up to 1% of the loan amount|
Table of Contents: PNB Personal Loan
Borrowers with excellent credit scores and credit history are generally qualified for lower personal loan interest rates and vise-versa.
However, with PNB personal loans, the interest rates start from 10.40% p.a up to 16.95% p.a. Here are the interest rates for various types of PNB personal loans schemes:
|PNB Personal Loan Schemes||Interest Rates (p.a.)||Processing Fees|
|PNB Personal Loan Scheme for Public||11.40% p.a. onwards||1% of loan amount + GST|
|PNB Personal Loan Scheme For Doctors||10.40% p.a. onwards||0.90% of loan amount + GST|
|PNB Personal Loan Scheme For Pensioners||11.75% p.a. onwards||NIL|
PNB presents a wide array of personal loan options, catering to various needs and requirements. With each type of PNB personal loan, we aim to provide the ideal financial solution for you. Apply today to benefit from our fast and easy loan application process, as well as hassle-free repayment terms.
Considering applying for a PNB personal loan? Simplify the process by using the PNB Personal Loan EMI calculator to effortlessly calculate your Equated Monthly Installment (EMI). This convenient tool enables you to promptly determine your monthly repayment amount.
|Year||Month||Principal (A)||Interest (B)||EMI (A+B)||Balance||Loan Paid to Date (%)|
Here is a table showing the comparison of PNB Personal Loan rates with other banks:
|Loan Lenders||Interest Rates||Processing Fees|
|PNB||10.40% onwards||Up to 1%|
|HDFC||11.00% onwards||Up to 2.50%|
|ICICI||10.75% onwards||Up to 2.50%|
|Citibank||9.99% p.a. To 16.49% p.a.||0.25% to 3.00%|
|Axis||10.25% onwards||1.5% to 2%|
|Yes Bank||10.99% per annum onwards||2.50% (one-time fee)|
|Shriram City||11.49% p.a. To 23% p.a.||2.50%|
PNB personal loan eligibility is determined according to criteria established by the Punjab National Bank. It takes into account factors such as income, monthly expenses, and current financial obligations (including loans, EMIs, and credit card dues) to estimate the potential loan amount that one may qualify for from the lender.
Check your eligibility here before you apply online for a PNB personal loan.
|Factors||General Eligibility Criteria|
|Age||From 21 yrs to 58 yrs|
|Annual Income||Minimum of ₹5,00,000|
|Work Experience||Should have completed a Minimum of 2 years at current organization|
Punjab National Bank personal loan eligibility criteria can be segregated based on its various schemes of personal loan. Given below are the scheme-wise PNB personal loan eligibility for your better understanding.
To avail a PNB personal loan, the borrower must provide a set of documents for a smooth KYC process. Given below is a table for documents required for a PNB Personal Loan:
|Identity Proof||PAN Card, Voter ID, Driving License, Passport|
|Income Proof||Latest salary slip, Form 16, ITR returns for the last 3 years|
|Address Proof||Landline Bill, Electricity Bill, Ration Card, Voter ID, Passport|
Here are the exclusive features and benefits of PNB personal loan
Get loan approved quickly
Enjoy a long repayment tenure up to 5 years.
Can be used for multiple purposes.
Staring from 10.40% p.a.
Get fund without risking your assets
Pay processing fee as low as 1%.
Given below is the step-by-step process that you can follow to apply for PNB personal loan on Buddy Loan:
Step 2 - Fill out the application form, including the loan amount, the tenure months, and contact details.
Step 3 - Fill out the following personal details where required:
Step 4 - Submit the details & wait for the loan confirmation.
Ready to take next step ?
Yes, PNB offers instant personal loans. It offers different types of personal loans to cater to different financial needs.
Eligibility for a personal loan in PNB varies based on factors such as income, employment type, and credit history.
The personal loan amount from PNB can be a maximum of Rs. 20 lakhs.
PNB offers personal loans such as PNB Personal Loan Scheme for Public, PNB Doctor’s Delight - Personal Loan Scheme to Doctors, and Personal Loan Scheme for Pensioners.
Eligibility for PNB personal loan varies, but typically includes individuals with a minimum annual income of Rs. 5 lakhs and meeting specific employment criteria.
Yes, it is possible to get a personal loan from PNB with a salary of Rs. 20,000, subject to meeting other eligibility criteria and credit worthiness.
PNB personal loans are generally unsecured, meaning there is no requirement for collateral or security.
The approval time for a PNB personal loan can vary, but it typically takes a few business days once all the required documents and information are provided.
The documents required for a PNB personal loan include identity proof, income proof, address proof, and other related documents such as ITR of the past 3 years.
Yes, PNB allows the inclusion of a co-borrower on a personal loan application, which can help increase loan eligibility and improve the chances of approval.
The minimum CIBIL score required for a PNB personal loan in India is typically around 700 or above.
For PNB personal loans, there are no pre-payment charges.
There are no pre-closure charges for PNB personal loans.
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