Punjab National Bank or PNB Personal Loan helps you to overcome an unexpected financial situation that is beyond your capacity. With minimum paperwork and quick approval, the personal loan interest rate in PNB is quite attractive. Based on your credibility, PNB Personal Loan Interest Rate is charged at a lower range. A credit score of 750 or more helps you to enjoy the PNB Personal Loan rate of interest at a competitive rate. To avail PNB Personal Loan Interest Rate 2019 starting from 12%*, you must have a stable income with proper repaying history. The repayment tenure for Punjab National Bank Personal Loan Interest Rate is between 1 to 5 years with flexible EMI benefits.
PNB Personal Loan Interest Rate 2019
PNB Personal Loan offers collateral free-customized products to suit different types of customers. PNB Personal loan for public, pensioners and doctors offers unmatched benefits along with PNB Personal Loan Interest Rate at a lower rate. Depending on your income level, the personal loan interest rate in PNB is charged. Disciplined repaying habit helps you to enjoy PNB Personal Loan Rate of Interest starting from 12%*. Although PNB Personal Loan Interest Rate for doctors starts from 10.45%*. Moreover, PNB Personal Loan Interest Rate begins from 11.25%* for the pensioners.
Here is the PNB Personal Loan Interest Rate slab and other fees charged-
| Salaried & Employed | 12%*-15%* |
| Pensioners | 11.7%* |
| Doctors | 10.45%* |
| Max Rs. 5 lakhs loan (check-off facility) | MCLR+5.55% |
| Rs. 5 lakhs to Rs. 10 lakhs | MCLR+4.55% |
| Up to Rs. 10 lakhs | MCLR+3.55% |
| Processing Fee | 1.80% of the loan amount For pensioners- Nil |
| Foreclosure Fee | Nil |
| Documentation Fee | Rs. 500 for pensioners Rs. 450 for loans more than Rs. 2 lakhs Rs. 270 for loan up to Rs. 270 |
#1 year MCLR rate- 8.25%
*interest rate might vary from time to time
PNB Personal Loan Interest Rate- Eligibility Criteria
| Age | 21 to 60 years |
| Nationality | Indian Residents |
| Employment Type | Salaried, Self-employed, Doctors, Pensioners |
| Credit Score | 750 or more |
| Work Experience | Overall 3 years of experience with at leats 1 year in the present firm |
| Income | For max loan of Rs. 4 lakhs Minimum income of Rs. 12500, 15000, 10000 (urban, metro and semi-urban area respectively) For max loan of Rs. 10 lakhs (salary a/c in PNB bank), the minimum income of Rs. 30000, 40000, 50000 (semi-urban, metro, urban area respectively) |
PNB Personal Loan Interest Rate- Documents Requirement
The documentation is very minimal along with PNB Personal Loan Interest Rate at an affordable range. You do not have to undergo any lengthy paperwork.
- ID Proof- Passport, PAN card, AADHAAR card, Voter ID
- Address Proof- Driving License, Any Utility bills, Passport
- Income Proof- FORM 16 or Latest ITR, Updated bank a/c statement, P&L statement and Audited Balance Sheet of last 2 years
- Other Documents- Loan application form, passport size photograph
