Punjab National Bank Personal Loan Interest Rates

Particulars

Salaried

Rate of Interest

• Those whose salary is distributed via PNB can avail the loans up to Rs.10 lakhs where the rate of interest is calculated as MCLR + 3.10%.
• Those who are not the existing customers of PNB can avail the loans above Rs.5 lakhs and up to Rs.10 lakhs where the rate of interest is calculated as MCLR + 4.10%.
• Those using the check off facility can avail loans up to Rs.5 lakhs where the rate of interest is calculated as MCLR + 5.10%.
• For the with loan amount of Rs.5 lakhs, the rate on interest is calculated as MCLR + 6.10%.  

Loan Amount

Minimum: Rs.50000/- 

Maximum:

• 20 times gross monthly income or Rs.4 lakhs, whichever is lower. (all borrowers)
• The salaried individuals- those who are working for the same company for the past three years with a gross monthly salary of Rs.30000/-, 20 times gross monthly income or Rs.5 lakhs, whichever is lower is the maximum loan amount.
• Those who are working for the same company for the past three years and are drawing their monthly salary from PNB, 20 times gross monthly income or Rs.10 lakhs, whichever is lower is the maximum loan amount.

Loan term

It must be paid within 60 EMIs or before the end of the loan term  

EMI (Lowest)

None

Processing charges

1.8% of loan amount

Age

None

Prepayment fees

none