CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
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PNB Personal Loan doesn’t need any kind of security and doesn’t have any processing fees. Loan amount up to Rs. 10 lakhs is provided. Used for short-term money requirements like medical treatments and house repairs. Check eligibility and apply now!
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For pensioners - 10.65% p.a.
For pensioners - 10.65% p.a
Tangible collateral security equal to 100% of loan amount
Maximum loan amount: Rs. 10 Lakhs based on the pensioner’s age.
Documents Common To All
Documents For Military/ Paramilitary Personnel
Documents For Salaried Individuals
Documents For Non-salaried individuals
Documents Common To Demand Loan, Term Loan, and Overdraft
For Demand Loan
For Term Loan
Note: Any additional document as required may be requested by PNB as part of the personal loan application process.
Before you apply for the PNB personal loan, know more about it on CreditMantri. You can go to the bank’s website and apply for the personal loan. You can also apply for PNB personal loans offline by contacting customer care, or by visiting the nearest branch of PNB and submitting the application.
PNB personally offers personal loans for all age groups. Avail this personal loan and enjoy the benefits.
1. What are my loan limits?
Your personal loan limit would be determined by your income and repayment capacity. PNB offers two types of personal loans. They are 1. Personal Loan for Public and 2. Personal Loan for Pensioners drawing through PNB.
2. Can my spouse income be included for calculating the loan amount?
Yes, your spouse's income can be included provided he/she guarantees the loan or the loan is taken jointly.
3. Do I have to pledge some form of security?
No Security is Needed
4. What is the repayment schedule like?
The minimum amount that you are expected to pay every month is the EMI. You are allowed to pay more than the EMI if you wish to, and we do not charge any prepayment penalty.
5. What is EMI?
EMI stands for Equated Monthly Instalments. This instalment comprises both principal and interest components. Use the EMI calculator to find out your monthly payments based on the loan amount, the rate of interest and the repayment period. Choose the combination that best meets your financial resources and requirements.
6. What is the processing fee? Are there any other charges?
The processing fee for personal loan for public is 1.80% of the loan amount and no fees for pensioner scheme. Processing fees have to be paid upfront. There are no hidden costs or other administrative charges.
7. Do I have the option of choosing a fixed or floating rate for the loan?
You have the option to avail the loan with either a fixed interest rate or a floating one. In the case of a fixed rate loan, the interest rate on the loan will remain fixed through the entire tenure of the loan, whereas in the case of a floating rate loan, the interest rate could decline or rise in line with the changes in the Bank's Medium-Term Lending Rate (SBMTLR).
8. How does PNB Personal loan compare with those offered by other banks?
There is total transparency with regard to the rate of interest and the fees charged by us. PNB offers personal loans at the cheapest rates of interest, with no security or collateral PNB offer loans for the longest tenors (60 months), with the flexibility provided to reduce the tenor by prepaying the loan without any penalty. The Bank provides finance for any personal need or requirement; the total amount being determined on the basis of repaying capacity. With an PNB personal loan, you can choose between fixed rates of interest and floating interest rates.
9. How can I apply for the PNB personal loan?
You can either apply online or visit the nearest PNB loan centre for a personal loan.
10. Will there be any charges for prepayment towards my PNB personal loan?
No pre-payment charges are levied towards the personal loan. You can make part-prepayment at the nearest PNB branches.
11. How can I get the best interest rate on PNB personal loans?
In order to get a preferential interest rate on a Punjab National Bank personal loan, you will have to maintain a good credit score. Also, ensure that you do not have much debt in the form of credit card dues or loans. Your income will also play an important role in deciding the interest rate.
12. Is it possible to apply for a personal loan at PNB online?
Yes, you can apply online. Else you can also apply offline by visiting the nearest branch.
13. How can I withdraw money from PNB?
For example: A PNB account holder can withdraw money without using a debit card by submitting a request on PNB One, the bank’s mobile banking app.
PNB launches Pre-Approved Personal Loan In Just 4 Clicks And Single OTP’ On PNB App8 Jul 2022
The leading Indian Public Sector Punjab National Bank has launched a Pre-Approved personal loan in just 4 clicks and an OTP’ on PNB One mobile banking app. Customers can now opt for their personal loans online with just four clicks and a one-time pas...
The leading Indian Public Sector Punjab National Bank has launched a Pre-Approved personal loan in just 4 clicks and an OTP’ on PNB One mobile banking app. Customers can now opt for their personal loans online with just four clicks and a one-time password. The whole process will take less than a minute & instant disbursal in the account. PNB One service is available 24*7*365 that will offer customers a seamless and convenient experience & there is no longer a need to visit the branch as you can get a loan anywhere at your convenience. According to the bank's official statement, there is no hassle of documentation for loans up to Rs 4 lakh. The Eligible customers can get the facility using the digital lending platform PNB Instaloans which is available via Bank’s corporate website and the mobile banking app PNB One.
PNB Festive Offers 2021: Personal Loans Start from Just 8.95% 21 Sep 2021
Are you planning to take a personal loan to meet personal expenses this festive season? Punjab National Bank has announced great loan offers to customers for the upcoming festive season 2021. The interest rates for personal loans to the public start ...
Are you planning to take a personal loan to meet personal expenses this festive season? Punjab National Bank has announced great loan offers to customers for the upcoming festive season 2021. The interest rates for personal loans to the public start from 8.95%, which is one of the lowest rates on personal loans in the industry. Additionally, borrowers can also enjoy full waiver of processing fees and service charges on personal loans.
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