PNB Personal Loan Interest Rates

• PNB Bank personal loan interest rates are competitive and range from 11.40% p.a. to 15.15% p.a., depending on the type of loan.
• The bank offers concessions in rates of interest up to 1% for Doctors who maintain their salary or the receipt collection account with PNB or who provide tangible security up to 100% of the loan amount.
• Employees of the institutions or corporations having exclusive Tie-Ups with PNB and having a minimum of 100 employees (50 for Tie-ups with Educational Institutions) maintaining salary accounts with PNB, get a 0.50% concession in applicable PNB personal loan interest rate for salary accounts.
• A 0.10% concession in the applicable rate is offered to customers who opt for coverage under Credit Life Insurance.
• The processing fee for the loan is nominal at 1% of the loan amount.
• The bank charges zero processing fees from defence personnel.
• The bank permits pre-closure and part prepayment for the loan without any penalty.

The rate of interest depends on the category under which the loan is availed. PNB Personal Loan interest rates are linked to the Repo Linked Lending Rate (RLLR), which is 6.80% w.e.f. 01.09.2020.

• Interest rates for PNB personal loans for salaried are different from PNB pensioner loans and Doctor’s loans.
• PNB offers personal loans to defence/paramilitary personnel drawing salaries through PNB (including customers covered under the Rakshak Plus scheme) at an 8.95% p.a. rate of interest.
• The bank also offers personal loans to government employees drawing salaries through PNB and Central Government gazette officers not having salary accounts with PNB at interest rates of 11.40% to 15.15% p.a.
• For loans to Corporations/other Employees drawing salaries through PNB and Government Employees not drawing salaries through PNB (other than Central Government gazette officers, the interest rate varies between 11.40% to 13.80% p.a.
• There is a loan for employees under the check-off facility, for which the interest rate can vary between 11.40% to 14.50% p.a.
• There is a personal loan scheme for doctors, i.e. Doctor’s Delight, starting at the rate of 8.95% p.a.
• Pensioners can also avail of personal loans from PNB. PNB pensioner loan interest rates start from 9.30% p.a.

• The minimum age requirement is 21 years and the the maximum is 60 years.
• The loan is not offered to the personnel who are retiring in the next 24 months.
• Confirmed permanent employees of the State/Central Government Departments/ Autonomous bodies/ Other Reputed Companies/ Schools/ Colleges/ Hospitals/ Nursing Homes, etc., are all eligible.
• Salaried individuals should maintain the salary account with PNB or the employers should agree to deduct the EMI from the employee's salary.
• Doctors who are professionally qualified and are either practising or serving are eligible for the loan. 
• The minimum net monthly income requirement is:
  • Employees with 3 years of service in the present organisation: Rs. 50,000 for metro areas, Rs. 40,000 for urban areas, and Rs. 30,000 for semi-urban areas. 
  • Defence Personnel & Teachers: Rs. 7,500 for all areas.
  • All others: Rs. 15,000 in metro areas, Rs. 12,500 in urban areas, and Rs. 10,000 in semi-urban areas. 
  • Doctors: Net annual income of Rs. 5 Lakhs with ITR of the last 2 years.
• The borrowers should have been residing in the present address continuously for a minimum period of 2 years (not applicable for government Doctors).

• Application form - duly filled and signed.
• 2 passport-size photographs.
• Address proof, such as Aadhar Card, Voter's ID Card, Driving Licence, or Utility Bills.
• Photo ID proof, such as a PAN Card, Passport, Driving Licence, or Voter's ID Card.
• Income proof for salaried applicants, including the latest Salary Certificate and latest Form 16 attested by the employer (for salaried).
• Income proof for self-employed applicants, including a copy of ITR with acknowledgement for the last 3 years.
• Any other document as required by the bank.

If you are looking for Punjab National Bank personal loan apply online instantly through MyMoneyMantra by following the steps mentioned below:

• Log in to the website of MyMoneyMantra and go to the Personal Loan section given under the Loans tab.
• Provide the required details, including name, email address, present location, employment, loan amount, loan tenure, and mobile number.
• An OTP will be generated and sent to the mobile number.
• A page will open up wherein you will have to log in using the OTP number.
• On this page, you will see a list of best quotes and you can select PNB for the loan and tap on the link to complete the loan application process.
• Once the request is placed, the loan expert of MyMoneyMantra will contact you to take it further from there till the disbursement of the loan.
• With assistance from MyMoneyMantra, you can be confident of bagging the best deal with an EMI to suit your budget.

PNB provides 24X7 customer care services to attend to queries and grievances of the customer.

You can avail of the Customer Care Services by dialing the following numbers:

• Toll-Free: 1800 180 2222 OR 1800 103 2222
• Tolled: 0120 2490000
• Landline: 011 28044907