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Old March 18th, 2016, 12:24 PM
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Join Date: Nov 2011
Default Re: Rate of Interest on Personal Loan in PNB

Punjab National Bank (PNB) is an Indian financial services company , it was founded in the year 1895.

Punjab National Bank Personal Loan:

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

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

For others up to Rs.5 lac
Base Rate+6%

Loan Tenure
5 years

Processing Charges/ Upfront fee/Documentation 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

For Defence Personnel only
Upfront fee / Documentation charges – NIL

Quantum of Finance

Minimum :

For All borrowers:
Rs. 4,00,000 or 20 times monthly net salary whichever is lower

Minimum Net monthly salary as under:
Metro Centres : Rs.15000/-
Urban Centres : Rs.12500/-
Semi- Urban/ Rural Centres : Rs.10000/-

Rs. 5,00,000/- or 20 times monthly net salary whichever is lower for those Salaried persons having completed service of 3 years in the present organization
Net monthly salary of not less than Rs.30,000/- p.m.
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