Punjab National Bank personal loan is a type of loan offered by PNB to provide financial back to the customers. This loan features different kinds of schemes at competitive interest rates. With the loan amount ranging up to Rs 10 lakh, the bank gives customers a flexible repayment tenure. You will come across different schemes and everything else that you need to know about Punjab National Bank personal loan in this section.
|Loan Amount||Up to Rs 10 lakh|
|Interest Rate||Starts at 8.95%|
|Processing Fee||1% of the loan amount|
|Repayment Tenure||Up to 60 months|
PNB personal loan provides financial support when you fall short of funds to finance different requirements. You can avail this loan to meet your personal expenses such as heavy bills, domestic or any international travel, wedding expenses of self or any family member, medical bills for treatment of self or any family member etc.
PNB bank personal loans can be availed under different schemes. Listed below are three different PNB personal loan schemes that you can avail. Each of these schemes vary based on the eligibility criteria, loan amount and many other factors.
PNB Personal loan for Public can be availed by any salaried person who needs funds to meet any personal requirements such as medical treatment, travel, repairing or fixing in house, marriage of self or family member etc.
Here are the features and benefits of Punjab National Bank personal loan for public:
The PNB personal loan for doctors can be availed by professionally qualified doctors including MBBS, BDS etc. This scheme of personal loan is designed for doctors to meet their personal financial needs.
Here are the features and benefits of Punjab National Bank personal loan for doctors:
PNB Personal loan for pensioners is offered to the pensioners. Any individual who draws pension through Punjab National bank can apply for personal loan under this scheme.
Here are the features and benefits of Punjab National Bank personal loan for pensioners:
Here are the documents that are generally required at the time of personal loan application:
|Identity Proof||Aadhar Card, Passport, Voter’s ID Card, Driving Licence|
|Address Proof||PAN Card, Passport, Aadhar Card, Driving Licence, Voter’s ID Card, Utility Bills such as Electricity, Water or Telephone Bill etc.|
|Income Proof||Salary Slips, Bank Statements, Form 16|
|Others||Duly Filled Loan Application Form, Passport-size Photographs|
Note: The documents mentioned above are basic documents that are generally required in order to proceed with the application. You must contact the bank in order to know the exact requirements that vary across different schemes of PNB personal loan.
COMPARE OTHERS BANK PERSONAL LOAN INTEREST RATE
|AXIS Bank Personal Loan||12% to 24%|
|SBI Personal Loan||11.30% to 16.40%|
|HDFC Bank Personal loan||10.75% to 21.50%|
|Kotak Mahindra Bank Personal Loan||10.50% to 16.99%|
|Yes Bank Personal Loan||20.00% to 22.00%|
|Citi Bank Personal Loan||10.50% to 17.99%|
|ICICI Bank Personal Loan||10.99% to 16.25%|
|Standard Chartered Bank Personal Loan||11.00% to 19.20%|
|IDBI Bank Personal Loan||12.00% to 14.00%|
|RBL Bank Personal Loan||14.00% to 23.00%|
|HSBC Bank Personal Loan||10.75% to 17.84%|
|IndusInd Bank Personal Loan||11.00% to 16.75%|
|Bank of Baroda Personal Loan||7.65% to 12.65%|
|Bank of India Personal Loan||12.15% to 14.15%|
|Canara Bank Personal Loan||12.05% onwards|
You can apply for the PNB bank personal loan offline. To do that, you can visit the nearest branch of Punjab National bank and meet the official to have assistance with the procedure. You need to make sure you carry all the required documents that are to be submitted along with the loan application form.
You Can also calculate personal loan EMI using the formula :
P x R x (1+R)^N] / [(1+R)^N-1]
|Punjab National Bank Business Loan||Punjab National Bank Home Loan|
|Punjab National Bank Car Loan||Punjab National Bank Two Wheeler Loan|
FAQs On PNB Personal Loan
There are multiple ways to pay your PNB bank personal loan EMIs. Here are payment options you can opt for making payment of your Punjab National bank loan EMIs:
In order to check your PNB loan applications status, you can log into the PNB net banking account and track the status online. Apart from that, you can contact the customer service. You can also visit the nearest branch of PNB bank to enquire about the status of your loan application.
You need to log into your PNB net banking account in order to view the loan statements. You can access the statement for your personal loan EMI payments there.
Know More About
You're eligible for a Punjab National Bank Personal Loan if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Personal Loans is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Updated on 25 Nov 2017
|Punjab National Bank Personal Loan Details|
|Interest Rate (Monthly reducing balance)||13.99% - 16.99%|
|Loan Tenure||1 year to 5 years|
|Pre-closure Charges||Varies with bank|
|Guarantor Requirement||Varies with bank|
Personal Loans EMI Calculator