PNB Personal Loan Application Status
Punjab National Bank has one of the largest branch office networks in India. It has a presence in every state and Union Territory in India, thereby ensuring an extensive reach. The bank caters to every section of society by offering a fantastic range of products. PNB Personal Loan is one such product that allows its customers to meet all kinds of individual requirements.
Different Types of PNB Personal Loans
PNB offers three types of personal loans to its customers, depending on their profession and occupation.
- PNB Personal Loan Scheme for Public This loan product is available to all salaried persons maintaining salary accounts with PNB.
- PNB Personal Loan Scheme for Doctors Practising doctors can avail of this loan product to meet their personal or professional requirements.
- PNB Personal Loan Scheme for Pensioners Members of the public who are drawing their pension from PNB are eligible for this loan facility.
PNB Personal Loan Features
- PNB Personal Loans are available to satisfy all kinds of individual needs.
- These requirements include medical needs, educational expenses, and other personal emergencies.
- PNB provides facilities to apply for personal loans online through its official website. Mobile banking and Internet
- banking users can use the respective channels for applying for personal loans online.
- PNB links its personal loan interest rates to the repo rate. Hence, it is a floating rate of interest.
- PNB Personal Loans have a flexible repayment tenure depending on your income and repaying capacity.
PNB Personal Loan at a Glance
| Loan Product | Ideal For | Maximum Loan | Interest Rate | Maximum tenure |
|---|---|---|---|---|
| PNB Personal Loan for Public | Salaried employees | 5 lakhs | 11.40% | 60 months |
| PNB Delight Personal Loan for Doctors | Doctors | 15 lakhs | 8.95% - 9.95% | 84 months |
| PNB Personal Loan for Pensioners | Pensioners | 10 lakhs | 10.75% | 60 months |
How to Apply for PNB Personal Loan?
PNB is one of the technologically advanced nationalised banks in India. It offers facilities to customers to apply for personal loans online.
Online Application
- Visit the official webpage of Punjab National Bank.
- Click on Online Services
- Proceed to Loans
- Click on the respective loan application format and proceed with the application online.
Offline Application
- Visit the branch office of PNB where you maintain your account.
- Meet the Relationship Manager and complete the procedure of applying for the personal loan in person.
What are the details required to check personal loan status online & offline?
- PNB provides a serial reference number when you apply for personal loans online. You will need this detail along with the date of birth of the applicant when checking the personal loan status online.
- If you utilise the services of the customer care number to know the status, you need to provide the following details.
- Your account number
- Your date of birth (as a confirmatory procedure)
- The reference number of your loan application
- Your name (if required)
- Alternatively, you can approach the branch office where you applied for the loan and enquire about the status. The Relationship Manager will ask for the acknowledgement slip that the bank provides when applying for a loan offline.
Different Methods to Check PL Status
PNB offers various ways to check your PL status.
- Customers who have applied for their PL online can check the status online using the reference number.
- Customers having access to mobile banking can do so using the PNB Mobile Banking Platform.
- Applicants can call the customer care phone numbers and seek the status of their loan applications.
- An alternative is to contact the nearest branch office in person or through the phone to determine the PL status.
Step By Step Process
Checking out the PNB personal loan application status is easy. You do not need anything more than the reference number and date of birth of the applicant.
Online PL Checking Process
Visit the official website of PNB https://www.pnbindia.in/
Click on the Online Services to access this page https://pnbnet.org.in/ONLINELOAN/index.jsp and move down to the bottom of the page.
- Click on the Check your Application Status option.
- It will direct you to this page https://pnbnet.org.in/ONLINELOAN/chk_appStatus.jsp.
- Select the Loan Type from the Dropdown box as Personal Loan.
- Enter the Serial Number and date of birth
- Type out the Captcha Code correctly.
- Hit the Submit button to get the Personal Loan status.
Mobile Banking Platform
Customers using the PNB One Mobile Banking application can check the status of their personal loans by logging into the mobile app and selecting the appropriate options.
- Download the mobile app from Google Store if you have not done so earlier.
- Register for mobile banking services.
- Log into the system and check the personal loan status online.
Offline Tracking
PNB Personal Loan applicants can call the Customer Care phone numbers to check the application status.
- Toll-Free Numbers 1800-180-2222 and 1800-103-2222
- Landline number 91-120-2490000
Provide your details like name, date of birth, PAN, and loan reference number to get the status.
Branch Visit
- Approach the branch office of PNB where you submitted the loan application.
- Contact the Relationship Manager or the Branch Manager to know the status of the personal loan.
PNB Personal Loan Status FAQs
PNB offers different ways to check the status of personal loan applications. Customers can do so online and through customer care centres. They can also use their mobile banking platforms to determine their status.
An alternative way is to contact the branch manager of the respective PNB branch. However, the easiest way is to check the status online. It is because you can do so from anywhere and at any time.
Generally, PNB will take a couple of days to collect the documents and process the loan applications. Therefore, customers should check the loan status a minimum of three days after submitting all documents connected with the personal loan.
If the loan is approved and sanctioned, you will get the Approved status. If the loan application is in process, you will receive a message accordingly. If the bank rejects your loan proposal, you will get the status rejected.
The sanctioning of the personal loan is at the discretion of the bank. Generally, PNB approves personal loans for all customers who satisfy the eligibility criteria. If there is any defect in the application process, the bank informs the same to the customer and seeks clarification. If the loan applicant does not satisfy the eligibility criteria, it can reject the loan giving proper reasons for the same.
You should check out the reasons for the rejection of the loan by the bank. If you can rectify the shortcomings, you can do so and apply again. If the reason for rejection is a low CIBIL score, you should approach CIBIL and check out the credit report. If you find any inaccuracies, you should take up the matter with CIBIL to rectify the same. On improving your CIBIL score, you can apply for the PNB Personal Loan again.
Once your personal loan is approved, the bank will contact you to complete the loan documentation process. Complete the process and take the disbursal of the loan in your savings account.
Generally, personal loans do not need collateral or guarantee. However, PNB Personal Loan for Public and Personal Loan for Pensioners require the furnishing of a third-party guarantee acceptable to the bank. In the case of PNB Personal Loan for Doctors, the borrower can furnish a third-party guarantee or offer collateral up to 100% of the loan amount. Borrowers offering 100% collateral get a concession of 1% in the interest rate.
PNB refers to its RLLR for determining the interest rate on personal loans. The RLLR is a floating rate. Hence, the interest rates on personal loans are floating rates of interest.
If the rates of interest go up, PNB increases the EMI accordingly. However, if the rates go down, the bank does not change the EMI. The loan tenure reduces proportionately.
No, PNB offers these services free of charge. You do not have to pay any fee for the same.
Yes, you can clarify your doubts with PNB by sending an email to care@pnb.co.in.
You can visit the official webpage of PNB Personal Loans, https://www.pnbindia.in/personal.html, to get.