Punjab National Bank Personal Loan Eligibility

Punjab National Bank (PNB) home loan has helped thousands of people to purchase their own homes. Bank have an easy process to applying for a loan with branches spread across India.

PNB Home Loan Eligibility:

Individuals as well as joint owners.

Age :
18 years -70 years

Candidate must have an established, regular source of income.

Documents required:
Completed application form with photographs.

Proof of Identity

Proof of Residence

Proof of Age

Educational Qualifications

Income Proof

Copies of title documents of the property and the approved plan.

Purpose of this loan :

For construction of house/ flat

For purchase of under construction house/flat from Housing Boards/ Development Authorities/ Co-operative Societies/ Approved Private Builders/ Projects.

For purchase of built house/flat.

For meeting cost escalation in the cases of under-construction flats to existing Housing Loan borrowers.

For purchase of land/plot for house building.

For carrying out Additions to the house/flat.

For carrying out repairs/ renovation / alterations/ cost of furnishing to the house/flat.


Rate of Interest
Under floating Rate option:
@ Base Rate

Under fixed rate option:
@ Base Rate+0.50%

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Answered By StudyChaCha Member

Will you please tell how much is the rate of interest on Personal Loan offered by Punjab National Bank (PNB) ?

Punjab National Bank is one of the most popular Indian public sector banks . Bank offers personal loan to the public to meet their personal needs.

Personal needs as :
Personal financial requirements
Health or medical treatment related expenses
Marriage expenses
Foreign travel
Any other miscellaneous expenses

PNB Personal Loan detail :
Interest Rates:
For Loans up to Rs.10 Lakhs:
Individuals whose salary is being disbursed through
PNB branches only (including Defence
Personnel) : Base Rate+3% (13.25%)

For Loans up to Rs.5 Lakhs:
Individualsavailing the loan under check-off facility
(including Defense Personnel):
Base Rate + 5% (15.25%)

For others up to Rs.5 Lakhs:
Base Rate +6% (16.25%)

Minimum Loan Amount
Rs. 50,000

Maximum Loan Amount
Rs.50,000/- and maximum amount of loan

Rs.4,00,000/- or 20 times monthly net salary,
whichever is lower, depending upon the repaying capacity

Tenure:
12 to 60 Months

Processing Fee:
1.8% of the loan amount + Service Tax & Education Cess

Online Loan Application for Personal LOAN: Part A looks as :


For more detail here is the attachment.

Attached Files Available for Download

PNB personal loan.doc (38.5 KB, 18 views)

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Answered By StudyChaCha Member

How much is the interest rate on Personal Loan amount provided by Punjab National Bank (PNB) ? Also tell which are the documents required with application to personal loan ?

Punjab National Bank provides personal loan scheme to help the customer to arrange money for expected and unexpected expenses for personal requirements . one can issue personal loan for heath expenses ,expenses in marriage , travel expenses etc…

PNB Personal Loan:
Rate of Interest:
For Loans up to Rs.10 lac:
Individuals, whose salary is being disbursed through our branches only (including Defence Personnel)
Base Rate+3% presently (13%)

For Loans up to Rs.5 lac:
Individuals who are availing the loan under check-off facility (including Defence Personnel)
Base Rate+5% presently (15%)

For others up to Rs.5 lac
Base Rate+6% presently (16%)

Processing Charges/ Upfront fee:
Upfront Fee 1.80% + service tax & Edu.Cess

Documentation charges
Upto Rs. 2 lac:
Rs.270+ service tax & Edu.Cess

Over Rs.2 lac:
Rs.450+ service tax & Edu.Cess

Documents required :

Application form with photograph

Proof of identity:
Passport/
voter ID card/
driving license

Proof of address:
Ration card/
telephone or electricity bill/
rental agreement/
passport

Processing fee cheque

Last 3 months bank statement/6 months bank passbook

Documentation for salaried applicants:
Latest salary slip
Current dated salary certificate with the latest Form 16

Documentation for self-employed applicants:
Latest Bank statement
Latest ITR or Form 16

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Answered By StudyChaCha Member

Can you please give here detail about the Personal Loan facility offered by Punjab National Bank (PNB) I want to know about it ?

Punjab National Bank’s (PNB) Personal Loan facility give opportunity to meet all types of personal needs. Bank offers this loan on low interest rate to meet financial needs as Marriage expenses , Foreign travel and Health or medical treatment related expenses.

Loan Features
Loan Amount
Rs. 50000/- to Rs. 500000/- depending upon the repaying capacity

Interest Rate
15.25% to 16.5%

Tenure
60 Equated Monthly Instalments (EMIs)
OR remaining period of service, whichever is earlier.

Service Charges
1.8% of the loan amount + Service Tax & Education Cess

PNB Personal Loan Eligibility Criteria for Salaried Individuals:

Age
Minimum: 21 Years
Maximum: 58 Years

Minimum Income
Salaried individuals with minimum monthly income of Rs10,000 per month for eligible customers at Semi-Urban and Rural Centers,

Rs2,500 per month for eligible customers at
Urban Centers

Rs.15,000 per month for eligible customers at Metro Centers.

PNB Personal Loan Eligibility Criteria for Self Employed Individuals and Working Professionals: Age
Minimum: 21 Years
Maximum: 65 Years

Minimum Income:
Self-Employed individuals or working professionals earning a minimum of Rs. 20,000 per month.

For more detail here is the attachment.

Attached Files Available for Download

(PNB personal loan)..doc (38.5 KB, 20 views)

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Answered By StudyChaCha Member

I want to know how much is the interest rate on Personal Loan at PNB bank . please give detail about the rate of interest at PNB bank for Personal Loan?

Punjab National Bank offers wide range of products and services . One of its services is personal loan for the customers to meet financial need for expenses on marriage, travel , hospital etc…

Rate of Interest on personal loan at PNB:
For Loans up to Rs.10 lac: Individuals, whose salary is being disbursed through our branches only (including Defence Personnel):
Base Rate+3% presently (13%)

For Loans up to Rs.5 lac: Individuals who are availing the loan under check-off facility (including Defence Personnel):
Base Rate+5% presently (15%)

For others up to Rs.5 lac:
Base Rate+6% presently (16%

Processing Charges:
Upfront Fee
1.80% + service tax & Edu.Cess

Documentation charges

Upto Rs. 2 lac:
Rs.270+ service tax & Edu.Cess

Over Rs.2 lac:
Rs.450+ service tax & Edu.Cess


Eligibility required for PNB Personal Loans:

Professionally qualified Doctors:
Annual income of Rs.4.00 lac & above.

Individual drawing salary through PNB Bank/availing loan under check-of facility with net monthly income:

Rs.15000 per month for eligible customers at Metro Centres.

Rs.12500 per month for eligible customers at Urban Centres.

Rs.10000 per month for eligible customers at Semi-Urban and Rural Centres.

PND personal loan

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Answered By StudyChaCha Member

I not having idea how much is the rate of interest for personal loan at PNB . I want to issue this loan . Please give here detail about the rate of interest on personal loan at PNB?