Punjab National Bank
Personal Loan

Below is the detailed PNB personal loan eligibility criteria are :

Personal Loan Scheme For Public

• Confirmed or permanent employees of Central/ State Government/ PSUs drawing salary from PNB and having minimum 2 years of work experience.
• Minimum 3 years of work experience required for others.
• LIC agents aged less than 60 years with over 5 years of agency, regular & stable income, and maintaining SF account with PNB branch.
• Suitable third-party guarantee

PNB Doctor’s Delight - Personal Loan Scheme To Doctors

• Professionally qualified practicing or serving doctors, including MBBS, BDS, etc.
• Minimum net annual income required is Rs. 5 Lakhs or above.
• Doctors should be paying tax for at least last 2 years.
• Continued occupancy of minimum 2 years at current place of residence is required (not applicable for doctors employed with government, institutions, etc.).
• Suitable third-party guarantee OR tangible collateral security valued 100% of loan amount.

Personal Loan Scheme For Pensioners

• All types of pensioners who are drawing pension through PNB branches are eligible for PNB Bank personal loan.
• Guarantee to be obtained of spouse who is eligible for family pension OR earning children (preferably government employee) OR third-party guarantee having net means equal or above the loan amount.

Additional Info: Check PNB Personal Loan Interest Rates for Salaried Account holder.

KYC Documents for All Applicants

• Duly filled & signed loan application form along with recent passport size photographs.
• Identity proof, like Voter ID/Passport/Driving License/etc.
• Address proof, like Ration Card/Utility Bills/Rent Agreement/Passport/etc.
• Age proof & educational qualification proof
• Guarantor’s details with all supportive documents and photos (if applicable).

Income Proof Documents

• For salaried: Recent salary certificate issued by the employer, showing gross & net salary, ITR/Form16 for the last 2 years (authenticated by employer), bank statements of salary account for at least last 1 year.
• For self-employed: Statement of Assets & Liabilities with supportive documents.
• For LIC agents: Recent salary certificate, ITR/Form 16 for at least last 3 years, statement of bank account (whose declaration has been made in ITR) of at least last 1 year, agency number/agency code, assignment of LIC policy of self along with sum assured equivalent to the loan amount/tangible collateral security valued 100% of the loan amount.
• For doctors: Recent salary certificate, ITR/Form 16 for at least last 2 years, statement of bank account (whose declaration has been made in ITR) of at least last 1 year.
• Income proof of spouse/earning children/parents: If the same is to be considered to determine the loan amount.

The PNB Personal Loan EMI Calculator also available on our site MyMoneyMantra you can easily calculate your loan EMI. It is one step, instant Loan EMI Calculator.

All you need to do is fill the basic loan parameters such as amount, interest rate and tenure. As you hit the Enter button, it will provide details: loan EMI, total payable interest and total payment.

You can use an EMI calculator a number of times and compare different combinations so as to assess the most affordable repayment plan for yourself.

The EMI of a loan depends on the following factors:

• Interest rates: The interest rate is subject to market conditions. Currently, Punjab National Bank loan interest rate starts from 11.40% p.a. The effective rate of interest depends upon your precise requirement, product, and profile. Higher the interest rate, higher will be monthly instalment or EMI.
• Loan tenure: The total loan repayment tenure directly affects the monthly instalments. Longer the loan tenure, shorter will be the EMIs. However, it directly depends on your age if you will be qualified for longer tenure or not. The young people are more likely to be approved for long-term loans.
• Loan amount: Besides the loan interest rate and tenure, it is the loan amount that predominantly affects your EMI. You must always borrow according to your repayment capacity.

• After we forward your PNB online loan application to the bank, the bank’s representative will call you to schedule a meeting for documents pick up.
• Once your documents are submitted by the representative to the bank, they will be verified by the bank.
• After satisfactory verification, you will receive another call from the bank with confirmation of your loan amount, rate of interest, and repayment tenure.
• If you agree with all the terms & conditions of PNB’s personal loan offer, the loan amount will be disbursed to your account.

How to Check PNB Personal Loan Application Status?

Punjab National Bank (PNB) allows you to check your PNB personal loan status online by following steps mentioned below:

• Visit official website of Punjab National Bank.
• Click on ‘Online Services’ tab.
• Click on ‘Loan’ mentioned under ‘Online Services’ tab.
• Click on the “Click Here to Check Your Application Status” tab.
• Enter the required details to check your PNB online loan application status.

You can dial the following numbers to connect to the Punjab National Bank contact centers for any queries regarding PNB loan:

• Toll-free numbers: 1800 180 2222 or 1800 103 2222
• Tolled number: 0120 2490000
• Landline number: 011-28044907

To add more ease to the customers, PNB also extends regional language support to customers on customer care telephone calls. Customers can report their disputes or queries with more ease in their regional languages like Tamil, Telugu, Kannada, Malayalam or Punjabi, besides English and Hindi.

• Customer care email id is: care@pnb.co.in

You can also fill an online complaint form by visiting the official PNB website.

You can use the contact banking ombudsman if the bank fails to resolve or does not reply to your query.