Punjab Gramin Bank Personal Loan

Punjab Gramin Bank star star star star star 3.0 / 5.04 users

Punjab Gramin Bank is the combination of the three RRBs which that acts as the business arm of the Punjab National Bank. The institution was set up to empower the people of the rural areas and this is the reason why Punjab Gramin Bank has set up most of its branches in rural areas. In Punjab itself, the institution has set up 264 branches in three districts. People can avail a number of personal loan and deposit schemes from the institution.

Punjab Gramin Bank offers financial products to the people of the rural areas. The personal loan scheme set by the bank is designed to cater the financial needs of the rural people which include medical expenses, school and college fees, travel expenses, wedding expenses, and more.

Punjab Gramin Bank Personal Loan Features and Benefits:

  1. 5000/- is the minimum loan amount whereas, the borrower can apply up to the maximum of Rs.4 lakhs or twenty times his/her monthly salary, whichever is lower. The loan amount also depends on the repayment capacity of the borrower.
  2. Moreover, the salaried individuals who are working for the same organization for the past three years and drawing the minimum monthly net salary of Rs.30000/- can avail the loan benefits up to Rs.5 lakhs.
  3. The interest rate offered by the bank is competitive and will depend on the bank’s market conditions and discretion.
  4. The borrower is allowed to repay the loan within 60 EMIs.
  5. The borrower has to start the loan repayment process one month after sanctioning the loan.
  6. Five years is the overdraft limit period set and it is done by reducing the Drawing Power (DP) on a monthly basis.
  7. The individuals who serve in the armed forces can repay the loan within the maximum of 36 EMIs.

Required Documents:

  • ID proof of the applicant like Passport, driving license, PAN card, etc.
  • Income proof of the applicant like income tax returns, bank statement, etc.

Punjab Gramin Bank Personal Loan


Personal Loan
star star star star star 13.0/5
I have a Personal Loan with Punjab Gramin Bank. The loan disbursement was on time and document procedure was quick. I would say it was a satisfactory experience.
Mumbai September 18, 2018
Personal Loan
star star star star star 14.0/5
As I was holding a savings account with Punjab Gramin bank they gave me personal loan for which the entire documentation process was very less. It was a quick disbursement procedure.
Mumbai September 17, 2018
Personal Loan
star star star star star 12.0/5
I had taken a personal loan in Delhi and thankfully the amount I required was completely approved and disbursed. Excellent work.
Mumbai September 16, 2018
Personal Loan
star star star star star 14.0/5
No compromises, best personal loan in Delhi service by Punjab Gramin bank.
Mumbai September 15, 2018

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