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Punjab National Bank (PNB) Personal Loan, Interest Rate and EMI Calculator May 2019

(Updated on 08.05.2019) PNB Personal Loan – Apply & Get Attractive Interest Rate from PNB. Check Your PNB Personal Loan Eligibility, Monthly EMI, Documents & Processing Fee.

PNB PERSONAL LOAN – QUICK, EASY & INSTANT APPROVAL ONLINE

Professional Details
Loan Amount
Occupation
Yearly Income
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Punjab National Bank (PNB) Personal Loan

Punjab National Bank, the third largest bank in the country has the exciting and mostly preferred PNB Personal Loan creatively designed to offer financial assistance to the customers for their genuine personal needs. PNB Personal Loan can be availed for medical treatment, marriage expenses, funding education of wards, foreign travel expenses etc at lucrative interest rates with no hidden charges and at quick approval. PNB Personal Loan Eligibility Calculator is the user friendly tool to calculate your eligibility and get the best personal loan.

Punjab National Bank has a bulk of thrilling PNB Home Loan Products to cater to the needs of every level customers dreaming of having his own house/flat.

PNB, Bajaj Allianz General tie up – Punjab National Bank and Bajaj Allianz General Insurance have signed a corporate agency agreement for distribution of Bajaj Allianz’s general insurance products through the bank’s network of 7,000 branches. Under the agreement, Bajaj Allianz General Insurance will offer personal lines of insurance products to the bank’s customers. (Sources: The Hindu Business line)

Punjab National Bank (PNB) Personal Loan Interest Rates

Category

Interest Rate

For loans up to Rs.10 lakhs & for individuals whose salary gets disbursed through PNB.

MCLR+3.55%

For other categories not having salary account with PNB and availing loans above Rs. 5 lakhs & up to Rs. 10 lakhs.

MCLR+4.55%

Individuals availing loan up to Rs. 5 lakhs under check off facility.

MCLR + 5.55%

Loan amount up to Rs. 5 lakhs for other borrowers.

MCLR + 6.55%

Tenure

5 years

Processing Fees for personal loan

1.80% of loan amount (Exclusive of GST) 

Processing Fees for Personal loan to pensioners

Nil

Prepayment Charges

Nil

PNB Personal Loan EMI Calculator

PNB Personal Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Personal loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Punjab National Bank Personal Loan Features and Benefits

  • Punjab National Bank Personal Loan can be availed for medical treatment of self or for a family member, marriage of self, son or daughter, defraying expenses on education of wards, expenses for domestic or foreign travel etc.

  • Minimum quantum of loan which can be availed is Rs. 50,000 and maximum loan amount for all borrowers is Rs. 4,00,000.

  • There is nil margin requirements.

  • Maximum loan tenure is 60 months.

  • Prepayment charges is nil.

  • Suitable third party guarantee acceptable to the Bank is required as security.

Punjab National Bank Personal Loan Scheme for Pensioners

  • Punjab National Bank personal loan scheme for pensioners can be availed to meet personal needs including medical expenses.

  • Minimum quantum of loan is Rs. 25,000.

  • Maximum quantum of finance is Rs. 10,00,000 for pensioners aged up to 70 years, in case of age above 70 years and up to 75 years it is Rs 7.50 lakhs and for pensioners above 75 years it is Rs. 5 lakhs.

  • Repayment of loan can be made for a maximum of 60 EMIs and in respect of pensioners above the age of 75 years, it can be made to a maximum of 24 EMIs.

Punjab National Bank Personal Loan Eligibility Criteria

  • The applicant should be confirmed or permanent employee of central or state government/ PSUs and all reputed companies/ institutions including schools/colleges/universities, who are either drawing their salary through accounts maintained with Punjab National Bank.

  • The borrower can be professionally qualified practising doctors i.e. MBBS, BDS and above having an annual income of Rs. 4 lakhs and above.

  • All permanent Defence Personnel including officials of Military Station Headquarters, Central Reserve Police Force, Central Industrial Security Force, Indo-Tibetan Border Police, etc.

  • All types of pensioners drawing pension through Punjab National Bank branches are eligible for personal loan scheme for pensioners.

Punjab National Bank Personal Loan Documents Required

  • Application form with 1 photograph.

  • Passport / Voters ID card/ Driving License/PAN card/Aadhar Card/ Person of Indian Origin card Identity proof.

  • Valid Passport/Voter’s ID card/Ration Card as Address Proof.

  • Latest IT Return/Original Letter from Company.

  • PAN Card, Passport copy as Age proof.

  • PAN Card, Driver’s License, Passport copy, Banker’s attestation of Bank Account Statement as signature proof.

  • Electricity Bill, Water Bill, Sales Deed, Receipt of Tax paid as Ownership Proof.

  • Last 3 months’ payslips and Form 16 as Income proof.

  • Last 6 months bank account statements.

Punjab National Bank Personal loan Application

Punjab National Bank personal loan can be applied through www.loansninsurances.com . Please log into registration page of the website and enter the required details and submit the requisite documents online. Both existing and new customer can apply for the personal loan.

Amortization Table

The amortization table below shows an estimated amount of interest for a loan amount of Rs 10,00,000 at the interest rate of 11.55% p.a. availed for a loan tenure of 5 years.

Year

Principal

Interest

Balance Amount

1

Rs.156,846

Rs.107,370

Rs.843,154

2

Rs.175,954

Rs.88,262

Rs.667,200

3

Rs.197,385

Rs.66,831

Rs.469,815

4

Rs.221,428

Rs.42,788

Rs.248,387

5

Rs.248,597

Rs.15,815

Rs.0

 Punjab National Bank MCLR May 2019

Tenure

MCLR

Overnight

8.05%

One month

8.10%

Three months

8.15%

6 Months

8.35%

1 Year

8.45%

3 Years

8.65%

5 Years

Discontinued

LATEST NEWS

1) PNB opens its 2nd Centralised Loan Processing Centre (CLPC) at Pragati Towers, BKC, Mumbai. The Bank seeks to strengthen its internal systems and processes through this Centre. The CLPC will ensure improved turn-around-time, qualitative credit assessment, efficient monitoring, separate pre and post-sanction responsibility. PNB’s first CLPC is located in Connaught Place branch in New Delhi.

2) Punjab National Bank has increased its Marginal Cost of Lending Rate (MCLR) by 10 Basis Points. The New MCLR Rates will be effective from 1.07.18. Overnight MCLR has increased from 7.80% to 7.90%, One Month MCLR has risen from 7.95% to 8.05%. 3 months MCLR has increased from 8.10% to 8.20%. Six months MCLR 8.40% from the existing 8.30%. One year MCLR 8.40% to 8.45%. Three Years MCLR at 8.60% from earlier 8.55%. On Five years, MCLR will be charged at 8.75% from existing 8.70%

Punjab National Bank Personal loan FAQs

Q1)Is prepayment available for Punjab National Bank personal loan ?

Yes, prepayment is available for Punjab National Bank personal loan and without any prepayment charge.

Q2)What is the maximum loan tenure for Punjab National Bank personal loan?

Maximum loan tenure is 5 years i.e. 60 months for Punjab National Bank personal loan.

Q3) Is security required for Punjab National Bank personal loan?

No security is required for Punjab National Bank personal loan but the applicant can provide suitable guarantors which are acceptable to the Bank.

Q4) What are the document charges to avail for a personal loan?

Document charges vary according to loan amount that is up to Rs. 2 lacs it is Rs. 270/- and above Rs. 2 Lacs it is Rs. 450/-.