PNB Personal Loans Eligibility

A: Minimum net monthly salary of employees in

• Rural and semi urban areas 10,000
• Urban centres 12,500
• Metro centres 15,000

B: The minimum loan amount is 50,000 with a maximum of 20 times the NMI or 4 Lakhs, whichever is less. B:  Minimum net monthly salary of 30,000 and employee having completed 3 years of service.

• Minimum loan amount  50,000
• Maximum amount  20 times of NMI subject to a maximum amount of 5 Lakhs

C:  Employees drawing salary through PNB branches and completed three years of service and drawing minimum net income as follows:

• Rural and semi-urban areas  30,000
• Urban centres  40,000
• Metro areas  50,000

The minimum loan amount is 50,000

The maximum amount is 10 Lakhs subject to 20 times NMI for loans up to 5 Lakhs and 15 times NMI for loans between 5 Lakhs and 10 Lakhs.

D: For teachers and defence personnel the minimum net monthly income can be 7,500 at all centres.

• Term Loan  Maximum of 60 months within the residual service period
• Overdraft  60 months with reducing drawing power equivalent to the EMI

Minimum 25,000 Maximum limit depends on the age of the pensioner

• Up to 70 years 18 times the net monthly pension, or 10 Lakhs, whichever is lower (20 times the net monthly pension for defence pensioners).
• Above 70 and up to 75 years The maximum amount of loan is 7.50 Lakhs.
• Above 75 years of age 5 Lakhs or 12 months net pension amount whichever is less.

• A maximum of 60 EMIs for pensioners below 75 years of age
• For pensioners above 75 years of age the maximum repayment tenure is 24 months

• Realisable value of the residential property after deducting the margin of 20%.
• The maximum value of the loan and the interest payable thereon should not be more than 1 Crore.
• Lumpsum payment permissible up to the extent of 15 Lakhs for the medical treatment of the senior citizen and spouse.

• After the demise of the last surviving spouse
• The legal heirs get an opportunity to repay the loan and reclaim the property.
• Otherwise, the bank can sell the property to realise their dues

• For product purposes No ceiling
• For meeting own needs 10 Lakhs

• Option 1 Bullet payment Margin is 35%
• Option 2 Payment of interest when levied Margin is 25%

Loans for agricultural purposes

• Interest servicing to coincide with the harvesting period with a stipulation that the account should be adjusted within 12 months
• OD facility is subject to annual review
• Repayment through Bullet payment

Loans for personal purposes

• Regular servicing of interest subject to closure of account within 12 months
• OD facility is subject to review every year
• Bullet repayment is permissible

• Minimum  50,000
• Maximum 10 Lakhs

• Individual borrowers 25%
• Non individuals 40%

• Own requirements 1 Lakh to 25 Lakhs
• Business purposes 5 Lakhs to 5 Crores

The least of the following subject to the satisfaction of the maximum permissible deduction:

• 75% of the realisable value of the security
• Three times annual gross income or profit (whichever is less) for the term loan.
• Four times annual gross income or profit (whichever is less) for OD

• Net salary up to 50,000 or annual profit after tax up to 5 Lakhs - 50%.
• NMI between 50,000 and 1.25 Lakhs or Annual PAT between 5 Lakhs and 15 Lakhs - 60%.
• NMI above 1.25 Lakhs or Annual PAT above 15 Lakhs 70%

• Personal needs Maximum 120 months
• Business needs Maximum 144 months for traders
• For Service Sector 180 months
• OD facility Reducing DP basis

• Term Loan 0.90% of the loan amount with a minimum of 5,000 and a maximum fee of 1.25 Lakhs.
• Overdraft 300 per lakh or part thereof annually