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PNB Personal Loans

PNB offers personal loans of up to Rs. 20 Lakhs with interest rates in the range of 8.90% per annum to 14.45% per annum. There are various personal loan schemes and the repayment duration varies according to them, the maximum being 84 months. Apply for a PNB personal loan hassle free with CreditMantri.

How to Apply for Punjab National Bank (PNB) Personal Loan

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How to Apply for Punjab National Bank (PNB) Personal Loan - No processing fees, No security needed, Less paperwork, Long tenure, Minimum Income Requirement, Pensioners get attractive offers. CreditMantri offers you the best personal loans matched to your credit profile. Create your credit profile, know where you stand on your credit and apply for loans and credit cards that are right for you. Disclaimer: The information presented has been collated from publicly available sources on the internet. CreditMantri is not responsible for any changes in the same.

Highlights of The PNB Personal Loans

Interest Rate9.30% to 15.85% p.a.

For pensioners - 10.65% p.a.

Processing FeeUp to 1% of the loan amount
Loan TenureUp to 72 months
Loan Amount Upto Rs. 20 Lakhs
Prepayment ChargesNil
Foreclosure ChargesNil
Salary/IncomeAccording to the terms and conditions laid down by the bank.
Employment StatusSalaried/Self-employed/Retired employees/Doctors
Credit Score650 and above

Comparison of PNB Personal Loan Interest rate With Other Lenders

LenderInterest RatesProcessing Fees
PNB9.30% to 15.85% p.a.

For pensioners - 10.65% p.a

Up to 1%
Axis10.25% onwards 1.5% to 2%
HDFC11.00% onwardsUp to 2.50%
ICICI10.75% onwardsUp to 2.50%
Citibank9.99% p.a. To 16.49% p.a. 0.25% to 3.00%
IndusInd11.00%2.5% onwards
Yes Bank10.99% per annum onwards2.50% (one-time fee)
Shriram City11.49% p.a. To 23% p.a.2.50%
SBI10.30%-15.10%Up to 1.50%
Apply PNB Personal Loan

Important Details For PNB Personal Loans Schemes

Loan SchemesInterest RateProcessing FeesDocumentation charges
Personal Loan for Public 8.90% p.a. - 14.45% p.a.1% of the loan amount
  • Up to Rs 2 lakh- Rs 270
  • Above Rs 2 lakh- 450
  • For Defense Personals
  • NIL
Personal loan scheme for doctors - PNB Doctor’s Delight8.90% p.a.0.90% of the loan amount plus taxes as applicable.Rs. 450
Personal loan scheme for pensioners9.25% p.a.NilRs. 500

Loan Amounts For The PNB Personal Loan Schemes

  • Public: Up to 24 times of gross monthly salary with a maximum of Rs.20.00 Lakhs
  • Doctor’s Delight: Rs. 2,00000 to Rs. 20,00000 or 24 times of the gross monthly income, whichever is lower. Applicable only for annual income/salary of Rs. 5.00 lakh and above.
  • Pensioners:
    • For age up to 70 years: Rs. 25,000 - Rs.10 Lakhs or 18 times of the net monthly pension.
    • For defense pensioners up to 70 years old: Rs.25,000 to Rs.10 Lakhs or 20 times the net monthly pension
    • For ages between 70 to 75: Rs.25,000 to Rs.7.5 Lakhs or 18 times of the net monthly pension, whichever is less.
    • For age > 75 years: Rs.25,000 to Rs.5 lakh or 12 months’ worth of pension amount, whichever is less.

Features of PNB Personal Loan Schemes for Public

AimTo make funds available to the salaried for their personal needs
EligibilityAny salaried individual who has worked with a central or state government body, university, autonomous body, etc.
Loan AmountUp to 24 times of gross monthly salary with a maximum of Rs.20.00 Lakh
Loan Tenure5 years or the remaining period of employment
SecuritySuitable 3rd party guarantee
Prepayment chargesNil
Overdraft facilityYou can repay it by reducing the drawing power as equivalent to EMI.

PNB Personal Loan Scheme For Doctors - Features

AimTo meet expenses for professional or personal needs
  • Doctors with annual income/salary of Rs. 5.00 lakh and above.
  • Doctors must be taxpayers for the last two years.
Loan Amount
  • Minimum loan amount is Rs. 2,00,000
  • Maximum loan amount is Rs. 20,00,000 or 24 times monthly income (whichever is lower)
Repayment Tenure 1 to 7 years
Pre-payment ChargesNil
SecuritySuitable third party guarantee permitted by the bank.


Tangible collateral security equal to 100% of loan amount

Features of Personal Loan Scheme for Pensioners

AimTo provide financial assistance to those who draw pension through PNB
EligibilityAll types of pensioners drawing the same through PNB
Loan AmountMinimum loan amount: Rs.25,000

Maximum loan amount: Rs. 10 Lakhs based on the pensioner’s age.

  • Guarantee of spouse eligible for family pension or
  • Guarantee of earning children
  • third party guarantee.
Repayment tenure Can range up to 7 years. If a pensioner ages above 75 years, the repayment tenure is 2 years.
Prepayment charges No prepayment charges levied

Documents Required For Punjab National Bank Personal Loans

Documents Common To All

  • Duly filled loan application form along with the passport size photograph
  • Identity proof with unique identification number
  • Address proof
  • Age proof

Documents For Military/ Paramilitary Personnel

  • Educational Qualification proof
  • Residential address and official address proofs
  • Proof of Income

Documents For Salaried Individuals

  • Form 16 and latest salary slip, attested duly by the employer.

Documents For Non-salaried individuals

  • IT returns of the previous 3 financial years.

Documents Common To Demand Loan, Term Loan, and Overdraft

  • Pensioner’s portion of PPO in original will be kept until the loan account is liquidated.
  • The concerned pensioner must submit an affidavit stating that he/she shall not alter his/her present disbursing branch/bank without bank`s assent.
  • Letter of authority (in duplicate) to be submitted for DPDO pensioners.
  • The same needs to be sent via registered post to the DPDO along with written details regarding the disbursement of the loan to the concerned pensioner.

For Demand Loan

  • Letter of request and sanction letter for advance under personal loan scheme for pensioners
  • Letter of Authority
  • Promissory Note

For Term Loan

  • Request and sanction letter to pensioners
  • Term Loan Agreement

For Overdraft

  • Request and sanction letter for personal loan to pensioners
  • Overdraft agreement

Note: Any additional document as required may be requested by PNB as part of the personal loan application process.

How To Apply For PNB Personal Loans?

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.

Benefits of PNB Personal Loans

  • Low rate
  • No hidden costs and administrative charges
  • No processing fees
  • No security required.
  • Less paperwork
  • Long tenure
  • Minimum income requirement
  • Pensioners get attractive offers

Factors Affecting PNB Personal Loan Interest Rates

  • Employment Details: If you are a permanent employee of a reputed organization, you may get reduced interest rates on your personal loans. But, the bank will check your employment details and assets.
  • High-valued customer: if you are a high-valued customer of PNB, then you will get interest rates favorable to you.
  • Loan Tenure: Interest rates may be lower if the duration of loan is longer.
  • Repayment capacity: If the bank feels that you can repay your personal loan without defaulting, you may get a lower interest rate.
  • Relationship with PNB: If you have a good relationship with PNB, then you will get a lower interest rate.

PNB Personal Loan Customer Care

If you have any queries or complaints regarding PNB personal loans, you can contact PNB Personal loan customer care. You can reach PNB personal loan customer care through

  • Personal loan customer care toll-free numbers: 1800 180 2222 and 1800 103 2222
  • Customer support cell: 0120 2490000 or 011 28044907
  • People outside India can contact via +91 120 2490000
  • Email ID:

PNB Personal Loan Interest Rates

PNB offers personal loan interest rates that vary across schemes. The PNB personal loan interest rates vary with credit score, income, relationship with the bank, nature of employment, and relationship with PNB .

PNB Personal Loan Eligibility

PNB sets different eligibility criteria for the various personal loan schemes. Know more about PNB personal loan eligibility at PNB Personal Loan Eligibility

PNB Personal Loan Status Check

You can do the PNB personal loan status check either through online or offline modes. You will need the following details to verify the status:

  • Type of loan
  • Serial number of the loan
  • Date of birth

PNB Personal Loan EMI Calculator

You can compute the personal loan EMI using the PNB personal loan EMI calculator. You can decide your repayment capacity and whether you want to take the personal loan or not based on this .


PNB personally offers personal loans for all age groups. Avail this personal loan and enjoy the benefits.

PNB Personal Loan FAQs

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.

Latest & Update Pnb Personal Loan News

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...

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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 ...

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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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