PNB Launches Sahyog COVID 19 Personal Loan for Its Customers

Leading Public Sector Bank, Punjab National bank has launched an exclusive COVID 19 Emergency Personal Loan “PNB Sahyog” for its existing customers. The customers of recently merged banks, United Bank of India and Oriental Bank of Commerce, will also be eligible to avail of the benefits of the Scheme.

The PNB Sahyog scheme is launched to provide some financial relief to all salary account holders of the bank. The loan can be availed for the maximum of Rs 3 Lakh to fulfil urgent personal or medical needs. The existing Personal Loan customers with pre-approved limit shall be able to use the available limit i.e., up to Rs.10 lakhs.

To be eligible for applying to PNB Sahyog Loan, the applicant should be a salaried employee with Central or State Govt or PSUs or any reputed company or Institution. They must, however, should also be drawing their salary through PNB (or previous OBC and UBI).

The customers can apply for PNB COVID Personal Loan by June 30, 2020. There is no processing charge or documentation charge, and the rate of interest starts from 9.05%. The loan can be serviced for 3 years (36 months).

PNB Sayhog Loan – Details

If you, too, have a PNB Salary Account or PNB Personal Loan, you can apply for PNB Emergency Loan.