Punjab National Bank Personal Loan

Among its many services, Punjab National Bank is known for offering the best Personal Loan to satisfy the personal needs of all individuals. Personal loans at PNB are available for salaried, self-employed individuals including defense personnel and professionally qualified doctors having a relationship with the bank and pensioners drawing their pension through any of the PNB branches in the country.

The bank also offers personal loans to LIC agents who receive a regular commission from LIC of India and maintain accounts with the branch of PNB. So, if you are looking for funds for home renovation, family vacation or for meeting personal financial requirements like marriage expenses, foreign travel or any other miscellaneous expenses, PNB personal loans will fulfill every financial need of yours.

PNB Personal Loan Highlights:

You should choose a PNB Personal Loan due to the below-mentioned advantages associated with it:

  • Interest Rate: Current PNB Personal Loan starts @8.65%
  • Processing Fee: 1.8% of the loan amount + taxes
  • Loan Amount: Minimum 50,000 to ₹15 Lakh
  • Loan Tenure: Up to 60 months 
  • Lowest EMI: PNB offers the lowest EMI per lakh on a personal loan at ₹ 2,073 at the lowest interest rate of 8.95% at the longest loan tenure of 60 months
  • Document Required: The PNB personal loan requires only a few basic documents to approve your much-needed personal loan
  • No security/collateral:  You do not need to pledge security /collateral to avail of a PNB personal loan.
  • Easy repayment options: You can decide to pay PNB Personal Loan EMI with easy and multiple payment options at your convenience. These options include auto-debit, online payment, ECS, PDCs and so on.

Apply for PNB Personal Loan

PNB Personal Loan Interest Rate 2021

Punjab National Bank Personal Loan Interest Rate

General-Interest Rates

8.65% to 16%


12 to 60 months

Processing Fee

1.80% of the total loan amount for salaried and self-employed applicants 
NIL processing charges for pensioners

Prepayment charges


Document charges

For up to Rs. 2 lakhs it is Rs. 270

Above Rs. 2 Lakhs it is Rs. 450

For pensioners, it is Rs.500

Read More: PNB Personal Loan Interest Rates 2021

PNB Personal Loan Eligibility Criteria

Any Indian citizen having a residual income and the ability to repay the loan is eligible for Punjab National Bank personal loans. Eligibility of personal loans in PNB depends upon various factors as follows:

  • All permanent Defense Personnel including officials of Military Station Headquarters, Border Security Force, Central Reserve Police Force, Central Industrial Security Force, Indo Tibetan Border Police, etc. are eligible for PNB personal loans. However, Defense Personnel, who are due for retirement within the next 24 months, may not be eligible.
  • Confirmed/permanent employees of Central/State Govt. /PSUs and all reputed companies/Institutions including Schools, Colleges, Universities, autonomous bodies, Hospitals/Nursing Homes, who are either drawing their salary through accounts maintained with PNB branches are eligible candidates for Punjab national bank personal loan.
  • Professionally qualified practicing Doctors viz., MBBS, BDS having an annual income of Rs.4 lakhs and above and have been paying tax for 3 years are also eligible to get a loan from PNB.
  • Quantum of Punjab National Bank personal loan:
    • Minimum loan amount Rs.50,000
    • The maximum loan amount for all borrowers is Rs. 4 lakhs or 20 times the monthly net salary whichever is lower subject to the minimum net monthly salary as under:
      • Metro Centers : Rs.15,000
      • Urban Centers : Rs.12,500
      • Semi-Urban/ Rural Centers : Rs.10,000
    • And Rs. 5 lakhs or 20 times monthly net salary whichever is lower for those Salaried persons having completed service of 3 years in the present organization and drawing a net monthly salary of not less than Rs.30,000 per month.
    • For employees drawing salary through Punjab national bank and completed 3 years of service in the present organization: Max. Rs.10 lakhs or 20 times of net monthly salary for a loan up to Rs.5 lakhs and 15 times of the net monthly salary for loan above Rs.5 lakh and up to Rs.10 lakh Subject to a Minimum Net monthly salary as under:
      • Metro Centers : Rs.50,000
      • Urban Centers : Rs.40,000
      • Semi-Urban/Rural Centers : Rs.30,000
    • For teachers and Defense personnel minimum net monthly income should be Rs.7,500 at all Centers.
    • For pensioners, the minimum loan amount that can be availed is Rs.25,000
  • Maximum Loan amount:
    • Age up to 70 years: Rs. 10 lakhs or 18 times of net monthly Pension (For Defense pensioners, 20 times net monthly pension), whichever is lower.
    • Age above 70 years and up to 75 years: Rs 7.50 lakhs or 18 times their net monthly Pension (20 times in case of Defense Pensioners), whichever is lower;
    • Age above 75 years: Rs. 5 lakhs or 12 months of pension amount, whichever is lower
  • Age limit: Required age of the salaried applicant for PNB personal loan application is 21 years to the maximum of 58 years at the time of loan maturity whereas for self-employed individuals the age bracket ranges from 21 to 65 years.
  • Years in job/profession: Salaried and Self-employed individuals should have a minimum of 2 years of job or professional continuity.
  • Guarantor: For salaried and self-employed individuals suitable third party guarantee is acceptable whereas, for pensioners, a guarantee of spouse eligible for a family pension to be obtained or guarantee of earning children (preferably Government Employee) or third party guarantee with net means equal or more than loan amount is acceptable by Punjab National Bank.

Documents Required for PNB Bank Personal Loan

For obtaining the maximum amount of personal loan from Punjab National Bank, a borrower should produce the following documents according to their business profiles as follows:

Documents Required for Punjab National Bank Personal Loan

Salaried applicant

Self-Employed applicant

Loan application form with passport size photographs

Loan application form with passport size photographs

Id proof with a unique identification number in case of military/ Paramilitary personnel

Id proof with a unique identification number in case of military/ Paramilitary personnel

Educational qualification proof

Educational qualification proof

Age proof

Age proof

Proof of official address and residential address

Proof of official address and residential address

Income proof

Income proof

Latest salary slip

IT returns for the last three financial years

Form 16, duly authenticated by the employer

Latest bank statement

Features and Benefits of PNB personal loan

Punjab National Bank has attractive features and benefits from easy loan approval to higher loan amount with flexible loan tenure. Punjab National Bank provides personal loans with unmatched features and benefits as follows:

  • No restriction on end use of the loan amount as it is a MULTIPURPOSE LOAN
  • Attractive rate of interest
  • Flexible repayment option
  • Loan can be availed for various personal requirements
  • Minimal paperwork
  • Quick processing & disbursal
  • No hidden charges
  • Discounted schemes for existing customer’s

PNB Personal Loan Fees and Charges

The processing fee charged for a Punjab National personal loan is 1.8 % of the loan amount, plus the applicable taxes PNB personal loan interest rates start from MCLR+3.55 %

  • No prepayment charge is levied if you want to make prepayments for a PNB personal loan
  • Punjab National Bank personal loan facilitates flexible loan repayment tenures starting from 12 to 60 months.
  • You can avail a PNB personal loan of as low as Rs 50000.

Please note that the figures mentioned above are subject to periodic changes, as deemed fit to the bank.

PNB Personal Loan EMI Calculator


PNB personal loan EMI calculator at can be a great help if you want to know your PNB personal loan EMI accurately. An EMI calculator is a useful tool that assists a borrower to calculate the personal loan EMI, the breakup and the amortization table. An evaluation of these important parameters provides a transparent picture to you and empowers you to make an informed decision regarding the affordability of your PNB personal loan. By feeding the inputs (loan amount, loan tenure and PNB personal loan interest rate) properly on the Afinoz personal loan EMI calculator, you can even decide on an exact EMI amount that you can repay comfortably over your loan tenure. This saves you from straining yourself financially and helps you to avoid financial distress later on.

Punjab National Bank Personal Loan Customer Care

In case of any query you have at any stage of your PNB personal loan application process, the well-trained and experienced customer support team of Punjab National Bank Personal Loan will be there for you any time you want, round the clock. You can call at the PNB Personal Loan Toll-Free No 1800 180 2222 or 1800 103 2222 at your own convenience. The PNB personal loan customer care number is just what you need in case of any doubt and no visit to the bank is required at all on your part. All your queries will be answered by the experts at PNB Customer Care.

About the bank

The full form of PNB is Punjab National Bank. The bank started its operations in the year 1895 and presently it has more than 5000 branches and over 6000 ATMs in various cities across the country. PNB is a state-owned corporation known for offering personal, social, agricultural, international and corporate banking services. It has received several prestigious awards like “golden peacock business excellence award”, “most valuable Indian brand” etc.

PNB Services 


Q1 What is the maximum loan amount obtained from Punjab national bank personal loan?
Punjab National Bank can provide a minimum loan amount of Rs.50,000 up to the maximum amount of Rs. 15 lakhs as per your needs and your eligibility.
Q2 Is prepayment available for Punjab National Bank personal loan?
Yes, prepayment is available for Punjab National Bank personal loan and there are no prepayment charges.
Q3 What is the maximum loan tenure for Punjab National Bank personal loan?
Punjab national bank personal loan tenure ranges from 12 to 60 months.
Q4 Is security required for Punjab National Bank personal loan?
No collateral or security is required for Punjab National Bank personal loan but the applicant can provide suitable guarantors which are acceptable to the Bank.
Q5 Is there a processing fee charged by Punjab National Bank on the personal loan?
Yes, a small processing fee of 1.80% of the total loan amount is charged by the bank to the borrower.
Q6 How much interest is charged by PNB on a personal loan?
Punjab National Bank personal loan interest rates range from 8.95% to 16%.
17 Apr 2020
A few days Ago I come across for Personal Loan Requirement. I was looking for a Personal Loan from a Public Sector Bank especially Punjab National Bank because this is the nearest Bank to my home. So I saw all the Personal Loan information here in a very effective way. Thanks to team Afinoz for highly useful information.
Parnika Sharma
16 Sep 2019
I Parnika Sharma, I was looking for a personal loan and while researching I came across to Afinoz site. Here I found all the info I required. Thanks to team Afinoz for there constant support throughout the loan process.
Abhishek jha
26 Nov 2020
The process of getting a personal loan from Punjab National Bank is smooth and easy. I had applied for a personal loan of Rs. 1.5 lakh. The rate of interest they charged on my loan was nominal. I didn’t face any issues throughout the process and I received full help from the customer support executive.
27 May 2020
I have been holding personal loan with Punjab National Bank. I was offered exactly the same loan amount I applied for, and the process was quick I got the loan into my bank account in 1 week only. The rate of interest they charged me was nominal, I negotiated the interest rate they were offering initially. Processing fee they charged me was also nominal.
Sandhaya kumari
21 Oct 2020
Punjab National Bank personal loan is quite hassle free and fast. They ask only for the documents they have mentioned. I got the loan amount credited into my bank account within 5 days. I was charged reasonable interest rate and nominal processing fee for my PNB personal loan.
Aditi Sharma
12 Dec 2019
I applied for a PNB personal loan of Rs. 3 lakh 2 weeks ago. Although the process seemed a little slow initially, after approval I got the loan credited into my bank account in just 3 days.
09 Nov 2020
Being a PNB customer, I had no problem at all to get a PNB personal loan of Rs. 270000. Rate of interest applicable on my personal loan was lesser than other banks’ interest rate. Thank you PNB for providing me a simple and fast personal loan!