PNB Launches Sahyog COVID 19 Personal Loan for Its Customers

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

Name of the COVID 19 Personal Loan Scheme

PNB Sahyog Loan

Type of Loan

Term Loan

Maximum Amount

Rs 3 Lakh for PNB salary accounts

Rs 10 Lakh for Personal Loan customers*

Tenor

Maximum 36 months

Rate of Interest

RLLR + 2.00% i.e. 9.05%

Processing & Documentation Charges

NIL

Eligibility

Net Salary:

Minimum take home salary should be Rs 15000 in Metro or Urban Centres and Rs 10000 in Semi Urban or Rural Centre

Age 

57 years.

Repayment should be completed by 60 years of age

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

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