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PNB personal loan offer of Rs 15 lakh | How to take a personal loan from Punjab National Bank | Punjab National Bank | PNB | Loan

PNB personal loan offer of Rs 15 lakh. How to take a personal loan from Punjab National Bank

PNB personal loan

PNB Personal Loan: Friends, in this post, how to get a personal loan or personal loan from Punjab National Bank, what are the advantages and disadvantages ‌ how long it is possible to get a loan, what is the rate of interest, how to apply - all these different information are shared in this post. Read the entire post carefully to know all the issues clearly.

Punjab National Bank provides financial assistance to the borrowers for their personal needs. The purpose is to meet all personal needs such as medical expenses of oneself or family members, expenses for one's own son or daughter's marriage, travel expenses in the country or abroad, as well as other personal expenses.

What are the qualifications required to get a personal loan from PNB?

  • Those who have a salary account with Punjab National Bank are eligible to avail this personal loan.
  • In addition, others who have passed the minimum age of 3 years of service
  • LIC agents who are under 60 years of age and have been associated with the agency for more than five years have regular and stable income and are maintaining SF account with any branch of PNB.
  • Professional Doctors / MBBS, PDAs and above with annual income or salary of Rs. 5 lakhs or more and taxpayers of last two years are eligible for this personal loan.

How much personal loan is available from PNB?

  • It depends on the ability to repay the loan, up to a maximum of Rs 10 lakh or 15 times the monthly salary
  • In case of doctors, the minimum amount of personal loan is Rs 2 lakh and the maximum amount is Rs 15 lakh or 20 times the monthly salary or income.
  • For pensioners from Rs 25,000 to Rs 10 lakh or 16 times net monthly pension, whichever is less. Must be under 60 years of age.

Do I have to pay any mortgage to get this personal loan?

There is no need to mortgage anything but a suitable third party guarantee is acceptable to the bank

What is the rate of interest?

Rates of interest range from 7.5 percent to 14 percent

How many days does it take to repay this Punjab National Bank personal loan?

  • The entire loan including principal and interest is to be repaid in equal installments of 62 months or before the term of employment,
  • The LIC agent is 72 months or the age of the agent is 65 years whichever is earlier
  • Authorized personnel including Border Security Force, Central Reserve Police Force, Central Industrial Security Force, Indo-Tibetan Border Police, etc. have to repay the approved personal loan in maximum 60 equal installments.
  • In case of doctors, the entire loan has to be repaid in 64 equal monthly installments

What are the documents required to get a PNB personal loan?

  • Loan application form with duly filled passport size photograph
  • Certificate of Educational Qualification
  • Proof of age
  • Certificate of office and residence address
  • Proof of income
  • The latest salary slip of the salaried employees and Form 16 are duly certified by the employers
  • Non-salaried IT returns of the last three years

Why would a borrower take a personal loan from PNB?

  • There is an option to take personal loan in the form of overdraft or term loan.
  • There is complete clarity about interest rates and processing fees.
  • Offers personal loans at competitive interest rates without collateral.
  • The advantage of repaying the entire loan ahead of time without any penalty.
  • Long time to repay the loan.
  • Click here to know more about this- Ask about PNB personal loan.

How to apply for Punjab National Bank Personal Loan?

You can apply directly through any branch of Punjab National Bank or you can apply online.

To apply online, apply by providing all the information on their official site or by clicking here.

Call the toll-free numbers for more: 1800 180 2222 and 1800 103 2222

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