1. Introduction
Punjab National Bank (PNB) offers personal loans with flexible repayment options, competitive interest rates, and quick approvals. Whether you need funds for a wedding, medical emergency, travel, or any other personal expense, PNB personal loans provide financial assistance with minimal hassle.
2. Features and Benefits
- Loan Amount: Up to Rs. 15 lakhs.
- Flexible Repayment Tenure: 12 to 60 months.
- Competitive Interest Rates: Starting from 10.75% per annum.
- Quick Approval: Fast loan disbursal process.
- Minimal Documentation: Simple and hassle-free process.
- No Collateral Required: 100% unsecured loans.
- Special Schemes: Personal loans for pensioners and salaried professionals with exclusive benefits.
3. Eligibility Criteria
- Age Limit: 21 to 60 years (up to 75 years for pensioners).
- Employment Type: Salaried professionals, self-employed individuals, and pensioners.
- Minimum Salary Requirement: Rs. 20,000 per month.
- Work Experience: Minimum 2 years (salaried) or 3 years (self-employed).
- Credit Score: 750+ preferred.
4. How to Apply
- Online: Visit the PNB official website, fill out the application form, upload documents, and submit.
- Offline: Visit a PNB branch with required documents for assistance from a bank representative.
5. Documents Required
- Aadhaar/PAN card, salary slips, bank statements, employment proof, and address proof.
6. Personal Loan Interest Rates
- Interest Rate: 10.75% to 14.50% per annum.
- Processing Fee: Up to 1% of the loan amount.
- Prepayment Charges: As per bank guidelines.
7. Conclusion
Punjab National Bank personal loans provide a convenient and affordable solution for various financial needs. With easy application and flexible repayment terms, PNB personal loans are a great choice for borrowers.