Interested in financial products
CreditMantri
Processing
CreditMantri
Fetching your latest bureau report...
CreditMantri
Analyzing your bureau report...
CreditMantri
Setting up your CreditMantri profile...
CreditMantri
This is taking longer than usual. Please stay with us...

As part of RBI’s Covid-19 relief measures, PNB personal loan borrowers can avail deferment of loan repayment on their personal loan EMIs for a maximum of 3 months for due dates ranging between 1st March 2020 and 31st May 2020. Using the moratorium option is entirely optional. In case borrowers wish to pay their personal loan EMIs as per the original repayment schedule, there is no action required from their end. For those who choose to use the moratorium option on PNB personal loans, here are the broad relief measures to be availed:

  • Customers can postpone the repayment of PNB personal loan EMIs (including the principal and interest amount) till 31st May 2020.
  • Interest will continue to accrue through the entire moratorium period as per the agreed interest rate on the loan.
  • The original loan repayment tenure gets extended by the corresponding timeline for which a borrower avails the moratorium. For example, if a borrower has made the EMI payment for March 2020 and wants to use the moratorium for April and May 2020, the original loan repayment tenure gets extended by 2 months i.e., the duration of the moratorium chosen by the borrower.

Eligibility for Personal Loan EMI Moratorium

There are no specific eligibility criteria set by the bank for availing the benefits of the PNB personal loan EMI moratorium. The loan repayment deferment is available across all term loans (including personal loans) irrespective of the loan tenure.

If a borrower submits the moratorium request, it does not guarantee the moratorium benefit since Punjab National Bank has the right to accept or decline such requests as per its policy.

Apply for a credit score
×Thank you! Your comment will be reviewed and posted shortly.
Mastercard
Visa
Rupay
SafeKey
thawtr
Corporate Agent (Composite)

CreditMantri Finserv Private Limited

CIN No

U72100TN2012PTC085154

IRDAI Registration Number

CA0665

Valid Till

01-Aug-2025

ADDRESS

CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002

Copyright © 2024 CreditMantri