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.
PNB Personal Loan Details
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 |
PNB Personal Loan Interest Rates & Charges
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 |
Note- The current rates may vary marginally and are inclusive of prepayment charges of 3% and penal interest of 2% p.m. for PNB XPRESS Credit & PNB Quick Personal loan.
Not sure of your credit score? Check it now!
Types of PNB Personal Loan & Features
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.
PNB Personal Loan Scheme for Public
- Loan for existing PNB customers with a salary account.
- Low processing fees, loan amount up to Rs. 20 Lakhs.
- Interest rates start from 11.40% p.a. Onwards
- Repayment tenure of upto 6 years
- No Prepayment charges
PNB Personal Loan Scheme For Doctors
- Loan for professionally qualified practicing Doctors
- Quick disbursal, minimal documentation.
- Interest rates start from 10.40% p.a. onwards p.a., loan amount up to Rs. 20 Lakhs.
PNB Personal Loan Scheme For Pensioners
- Loan for all pensioners drawing from PNB accounts.
- Minimum loan amount of Rs. 25,000.
- Interest rates starting from 11.75% p.a.
- Repayment duration is up to 60 months or up to age 78 years, whichever is earlier.
PNB Personal Loan EMI Calculator
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.
Your Amortization Schedule (Yearly/Monthly)
Comparison of PNB Personal Loan Vs Other Banks
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% |
| IndusInd | 11.00% | 2.5% onwards |
| Yes Bank | 10.99% per annum onwards | 2.50% (one-time fee) |
| Shriram City | 11.49% p.a. To 23% p.a. | 2.50% |
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PNB Personal Loan Eligibility
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 |
Scheme-Wise PNB Personal Loan Eligibility
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.
PNB Personal Loan Scheme for Public
- Eligible for employees of central and state governments, central and state PSUs, educational institutions with a national reputation, or quasi-government.
- Must draw salary from PNB account.
- Self-employed individual having minimum gross annual income of Rs. 6 lakh for the last 2 years.
- They must have a CIBIL score of 750 and above.
PNB Doctor’s Delight – Personal Loan Scheme for Doctors
- Must be doctors with professional qualifications and a minimum net annual income of Rs. 5 lakh or higher.
- Must have maintained their current residence for a continuous period of at least 2 years.
Personal Loan Scheme for Pensioners
- Applicants must be pensioners who receive their pension through a branch of Punjab National Bank.
PNB Personal Loan Documents Required
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 |
| Other Documents |
|
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Features of PNB Personal Loan
Here are the exclusive features and benefits of PNB personal loan
Steps to Apply for PNB Personal Loan with Buddy Loan
Given below is the step-by-step process that you can follow to apply for PNB personal loan on Buddy Loan:
- Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
- Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
- Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
- Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
- Step 5: Enter your work details (Including company name, years of service and Designation)
- Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
- Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.
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Frequently Asked Questions
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