Punjab National Bank (PNB) Personal Loan Interest Rates

Here are some crucial things to assist you in understanding the characteristics of PNB personal loans-

• To apply for a personal loan, the candidate can go to any of the PNB bank offices. He or she might also contact the bank through phone banking to inquire about a personal loan. The bank will then send a representative to the enquirer's home to provide additional information and complete formalities.
• Personal loans are available from the bank to both self-employed and salaried individuals. The eligibility conditions are simple to understand and apply to everyone.
• Personal loans with a maximum term of 5 years are available from the bank at competitive interest rates.

While some documents necessary for a personal loan may differ depending on the applicant, the following are some of the important documents required to apply for a personal loan with Punjab National Bank. An applicant may submit any of the papers listed in each category.

• Passport, Aadhaar, Voter Identity Card, Driving License, and Aadhaar Card are all acceptable forms of PAN Card identification.
• Ration Card, Bank Account Statement, Passport, Driving License, Electricity Bill, Telephone Bill, Sale Deed/Property Purchase Agreement (for owned properties), and Aadhaar Card are all acceptable forms of address evidence.
• Income documentation includes bank account statements and pays stubs.

Following are the types of personal loans from Punjab National Bank-

You should be aware of the following aspects of PNB's personal loan scheme-

• Any paid individual can utilize this personal loan program to meet a variety of demands, such as paying for their children's schooling, fixing their home, taking a trip, marrying themselves or their children, and so on.
• This personal loan scheme is open to any salaried employee who has worked for a central or state government body, university, autonomous body, or similar organization.
• The repayment period can last up to six years.
• The maximum loan amount can be up to Rs.20 lakh, based on your annual salary and the bank's terms and conditions.

This personal lending arrangement has the following features and benefits-

• This personal loan scheme is available to PNB customers who have retired from their careers.
• The minimal loan amount available is Rs.25,000. The highest credit amount available under this personal loan scheme is Rs.10 lakh, depending on the pensioner's age.
• The repayment period can last up to seven years. If the pensioner is over the age of 75, the repayment period is two years.
• The goal of obtaining this personal loan is to allow retirees to meet their personal needs, including medical expenditures.

This personal lending arrangement has the following features and benefits-

• Doctors earning Rs.5 lakh or more and who have paid taxes for the past two years are eligible for this personal loan plan.
• The least loan amount available to a doctor is Rs.2 lakh, while the maximum loan amount available to him/her is Rs.20 lakh.
• Repayment terms could range from one to seven years.
• This personal loan can be used by a doctor to cover both personal and professional needs.

Here is the PNB personal loan interest rate table-

Interest rate on Personal Loan Scheme for Doctors: 8.90% p.a.

PNB Doctor's Delight 1% discount for applicants who have a salary account with PNB, maintain a receipt collecting account with PNB, or have tangible collateral security equal to 100% of the loan amount.

The following are eligible for the Personal Loan Schemes from Punjab National Bank-

• For applicants who get paid by PNB: Permanent personnel of state/central government/PSUs with at least two years of service
• For applicants who use the check-off facility: At least three years of service.
• LIC agents under the age of sixty:  and also who have been in business for more than five years and have a solid and consistent income, as well as a PNB SF A/c.

• Professionally qualified and practicing doctors with a yearly net remuneration of at least 5 lakh rupees.
• Should have been a taxpayer for the previous two years.
• The candidate must have lived at his or her current address for at least two years (not applicable to government doctors.)

• Self-employed professionals with a minimum gross yearly revenue of Rs 6 lakh in the previous two years.
• A CIC Score (credit score) of 750 or more is required.
• Applicants must have maintained a satisfactory savings fund/current account with PNB for the last two years, with a minimum annual credit transaction in all savings/current accounts of the applicant in PNB/other banks totalling Rs 5 lakh in the previous fiscal year.

All categories of pensioners who receive their pension from PNB are eligible.