Apply Online for PNB Personal Loan

Apply online for an PNB and experience quick, hassle-free approval with minimal documentation. PNB is designed to meet your financial needs, whether for home renovation, medical expenses, travel, or debt consolidation.

  • Interest Rate 10.95% onwards
  • Maximum Loan upto 20 lacs
  • Processing Fees 1%
  • Maximum Loan Tenure 1 to 6 years
Customers Rating
❤️ Trusted by 12,00,000+ Happy Customers

1+ Million

Happy Customers

Rs. 250+ crore

Monthly Personal Loans Disbursal

Wide Range of 60+

Partner Banks & NBFCs

Support team 500+

Team Size of Experts

Eligibility Criteria for PNB Personal Loan

The general public, both salaried and self-employed, can apply for a PNB instant personal loan:

  • In non-metro cities, the minimum monthly income is between ₹ 10,000 and  12,500.
  • In major cities, a monthly minimum income of  15,000 is required.
  • Applicants must have a high credit score and reliable repayment capacity.
  • The minimum age is 21 years.
  • The maximum age is 60 years.
  • A minimum of 2 years of paid work experience or 5 years of self-employment experience is required.

Documents Required for PNB Personal Loan

The following documents are required to apply for the PNB insta loan:

  • PAN Card copies are required.
  • Passport, driver's license, voter ID card, or Aadhaar as proof of identity.
  • Proof of address such as passport, driver's license, voter ID card, Aadhaar, latest utility bill, or LPG book.
  • Evidence of end use (as per Bank of Baroda's reservations).
  • Bank statement for the last three months or the last six months' passbook.
  • Last two pay stubs and the most recent Form 16 salary certificate.

Fees and Charges of PNB Personal Loan

Interest Rate 10.95% p.a. to 17.95% p.a.
Loan Tenure 12 months to 60 months
Loan Amount ₹ 50,000 to ₹ 15 Lacs
Processing Fee 1.8% of the loan amount + taxes
Part Prepayment Charges No charges
Preclosure Charges No charges

Feature and Benefits of PNB Personal Loan

The PNB instant loan offers up to  20 lacs with interest rates starting at 10.95% p.a. for a maximum term of 7 years. For senior citizens, PNB provides personal loans with a tenure of up to 5 years at an interest rate of 11.75% p.a. Additionally, the bank offers an overdraft facility for salaried applicants, with adjustments to be made within the remaining service tenure or up to 6 years.

  • Applicants can apply for a personal loan by visiting any PNB branch. They can also use phone banking to request more information, and a bank representative will visit them to complete the required paperwork.
  • The personal loan is available for both salaried and self-employed individuals with easy and fair eligibility criteria.
  • PNB offers competitive personal loan interest rates with a maximum tenure of 5 years.


Frequently Asked Questions (FAQ)

  1. I took out a personal loan from Punjab National Bank; may I pay it off early?

    Ans: Yes, you can prepay the PNB personal loan without any charges. The bank also allows partial prepayment.

  2. When requesting a PNB personal loan, are any security measures, assets, or guarantors required?

    Ans: No collateral security is required. However, applicants must provide a third-party guarantee.

  3. Which variables affect personal loan applicants' maximum borrowing amounts?

    Ans: The borrower's repayment capacity primarily determines the maximum loan amount.

1+ Million

Happy Customers

Rs. 250+ crore

Monthly Personal Loans Disbursal

Wide Range of 60+

Partner Banks & NBFCs

Support team 500+

Team Size of Experts

PNB Personal Loan EMI Calculator

Amount

Tenure

% Interest

Principal

Interest

Total Payable