PNB Personal Loan


You can now avail a PNB personal loan with low-interest rates starting at 10.40% p.a. One of the most trusted loan providers in India, PNB offers instant personal loan for all your emergency expenses. Get a loan amount of up to Rs. 20 Lakhs, with flexible repayment tenure extending to 84 months.

Now, availing a PNB instant loan is easy. Apply online through Buddy Loan for a hassle-free experience. Check your eligibility for PNB personal loan right now.

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PNB Personal Loan Details

Now get approval with an attractive interest rate from the comfort of your home. Here are the highlights of PNB personal loan interest rates in detail:

PNB interest rate Starting at 10.40% p.a.
Loan amount Up to ₹20 Lakhs
Tenure Up to 5 years (7 years for pensioners)
Minimum Salary ₹5,00,000 p.a.
Processing Fee Up to 1% of the loan amount


Table of Contents: PNB Personal Loan

PNB Personal Loan Interest Rates & Charges

Borrowers with excellent credit scores and credit history are generally qualified for lower personal loan interest rates and vise-versa.

However, with PNB personal loans, the interest rates start from 10.40% p.a up to 16.95% p.a. Here are the interest rates for various types of PNB personal loans schemes:

PNB Personal Loan Schemes Interest Rates (p.a.) Processing Fees
PNB Personal Loan Scheme for Public 11.40% p.a. onwards 1% of loan amount + GST
PNB Personal Loan Scheme For Doctors 10.40% p.a. onwards 0.90% of loan amount + GST
PNB Personal Loan Scheme For Pensioners 11.75% p.a. onwards NIL
Note- The current rates may vary marginally and are inclusive of prepayment charges of 3% and penal interest of 2% p.m. for PNB XPRESS Credit & PNB Quick Personal loan.

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Types of PNB Personal Loan & Features

PNB presents a wide array of personal loan options, catering to various needs and requirements. With each type of PNB personal loan, we aim to provide the ideal financial solution for you. Apply today to benefit from our fast and easy loan application process, as well as hassle-free repayment terms.

PNB Personal Loan Scheme for Public

PNB Personal Loan Scheme For Doctors

PNB Personal Loan Scheme For Pensioners

PNB Personal Loan EMI Calculator

Considering applying for a PNB personal loan? Simplify the process by using the PNB Personal Loan EMI calculator to effortlessly calculate your Equated Monthly Installment (EMI). This convenient tool enables you to promptly determine your monthly repayment amount.

₹
%
Monthly EMI ₹86
Principal Amount ₹1,000
Total Interest ₹32
Total Amount ₹1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Comparison of PNB Personal Loan Vs Other Banks

Here is a table showing the comparison of PNB Personal Loan rates with other banks:

Loan Lenders Interest Rates Processing Fees
PNB 10.40% onwards Up to 1%
HDFC 11.00% onwards Up to 2.50%
ICICI 10.75% onwards Up to 2.50%
Citibank 9.99% p.a. To 16.49% p.a. 0.25% to 3.00%

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PNB Personal Loan Eligibility

PNB personal loan eligibility is determined according to criteria established by the Punjab National Bank. It takes into account factors such as income, monthly expenses, and current financial obligations (including loans, EMIs, and credit card dues) to estimate the potential loan amount that one may qualify for from the lender.

Check your eligibility here before you apply online for a PNB personal loan.

Factors General Eligibility Criteria
Age From 21 yrs to 58 yrs
Annual Income Minimum of ₹5,00,000
Work Experience Should have completed a Minimum of 2 years at current organization

Scheme-Wise PNB Personal Loan Eligibility

Punjab National Bank personal loan eligibility criteria can be segregated based on its various schemes of personal loan. Given below are the scheme-wise PNB personal loan eligibility for your better understanding.

PNB Personal Loan Scheme for Public

  • Eligible for employees of central and state governments, central and state PSUs, educational institutions with a national reputation, or quasi-government.
  • Must draw salary from PNB account.
  • Self-employed individual having minimum gross annual income of Rs. 6 lakh for the last 2 years.
  • They must have a CIBIL score of 750 and above.

PNB Doctor’s Delight - Personal Loan Scheme for Doctors

  • Must be doctors with professional qualifications and a minimum net annual income of Rs. 5 lakh or higher.
  • Must have maintained their current residence for a continuous period of at least 2 years.

Personal Loan Scheme for Pensioners

  • Applicants must be pensioners who receive their pension through a branch of Punjab National Bank.

PNB Personal Loan Documents Required

To avail a PNB personal loan, the borrower must provide a set of documents for a smooth KYC process. Given below is a table for documents required for a PNB Personal Loan:

Identity Proof PAN Card, Voter ID, Driving License, Passport
Income Proof Latest salary slip, Form 16, ITR returns for the last 3 years
Address Proof Landline Bill, Electricity Bill, Ration Card, Voter ID, Passport
Other Documents
  • Duly signed loan application form
  • Photograph
  • Processing Fee cheque

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Features of PNB Personal Loan

Here are the exclusive features and benefits of PNB personal loan

Quick Approval

Get loan approved
quickly

Longer Tenure

Enjoy a long repayment
tenure up to 5 years.

Flexibility

Can be used for
multiple purposes.

Low Interest Rates

Staring from 10.40%
p.a.

Zero Collateral

Get fund without risking
your assets

Minimal Processing Fee

Pay processing fee as
low as 1%.

Steps to Apply for PNB Personal Loan with Buddy Loan

Given below is the step-by-step process that you can follow to apply for PNB personal loan on Buddy Loan:

  • Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
  • Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
  • Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
  • Step 5: Enter your work details (Including company name, years of service and Designation)
  • Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
  • Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Ready to take the next step? Apply for a Personal loan now!

Frequently Asked Questions

Yes, PNB offers instant personal loans. It offers different types of personal loans to cater to different financial needs.

Eligibility for a personal loan in PNB varies based on factors such as income, employment type, and credit history.

The personal loan amount from PNB can be a maximum of Rs. 20 lakhs.

PNB offers personal loans such as PNB Personal Loan Scheme for Public, PNB Doctor’s Delight - Personal Loan Scheme to Doctors, and Personal Loan Scheme for Pensioners.

Eligibility for PNB personal loan varies, but typically includes individuals with a minimum annual income of Rs. 5 lakhs and meeting specific employment criteria.

Yes, it is possible to get a personal loan from PNB with a salary of Rs. 20,000, subject to meeting other eligibility criteria and credit worthiness.

PNB personal loans are generally unsecured, meaning there is no requirement for collateral or security.

The approval time for a PNB personal loan can vary, but it typically takes a few business days once all the required documents and information are provided.

The documents required for a PNB personal loan include identity proof, income proof, address proof, and other related documents such as ITR of the past 3 years.

Yes, PNB allows the inclusion of a co-borrower on a personal loan application, which can help increase loan eligibility and improve the chances of approval.

The minimum CIBIL score required for a PNB personal loan in India is typically around 700 or above.

For PNB personal loans, there are no pre-payment charges.

There are no pre-closure charges for PNB personal loans.

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