Punjab National Bank
Punjab National Bank

About Punjab National Bank Personal Loan

"During the long history of over 121 years of the Bank, 7 banks have merged with PNB and it has become stronger and stronger with a network of 6809 branches and 9669 ATMs as on 30th June’16. Today the Bank stands tall amongst nationalized banks in major financial parameters i.e., Global Business, Domestic Business, Domestic Deposits, Net Advances, CASA Deposits Savings Deposits and Operating Profit. 

The Bank launched bucket full of innovative digital products and services to make banking experience more pleasurable, more convenient and more rewarding. The digital solutions launched include the unique App enabling the customer not only to locate PNB’s ATM but also to lodge complaints related to ATMs with `PNB ATM Assist`. Other mobile apps are `PNB MobiEase` to provide single touch banking, ‘PNB Sleep Easy’ to disable and re-enable Internet banking and mobile banking password and ‘Green PIN’ to enable customers obtain duplicate PIN for debit card instantly through SMS request. The Bank is extending the SMS facility in 10 Regional Languages of choice which are widely spoken after Hindi and English for the customers. These languages are Bengali, Gujarati, Kannada, Malayalam, Marathi, Odia, Punjabi, Tamil, Telugu and Urdu. The Bank has also introduced the facility to register for Mobile Banking through vast network of over 9000 ATMs.

In today’s digital world where customers enjoy the benefits of banking at their fingertips, the Bank has introduced Online PPF and RD account opening facility. Apart from this, the Bank has also launched online booking of locker facility anywhere in India through the corporate website. Through the “Book your Locker-Anywhere in India” initiative, customers can search for vacant locker position - city wise, branch wise and register online for the same anywhere in India in case of availability. During FY’16, the Bank has also made official debut on the social networking sites i.e., Twitter and LinkedIn, with an aim of strengthening “Brand PNB” on social media and to engage with customers in a cost efficient manner.

The Bank is in process of introducing ‘PNB Unified Payments Interface (UPI)’, which will allow fund transfer via. Mobile App, link all accounts including those opened with other banks for making transactions and facilitate merchants to pull the transactions through Mobile App as an alternate POS & cash transfer. These endeavors will invigorate customers’ trust which continues to inspire the Bank’s enduring success story."

Are you eligible for
Punjab National Bank Personal Loan?

At least 21 years old

Less than 60 years old

Salaried Min income of Rs. 15000 pm

Self Employed with Min Turnover Rs. 15 lacs

For what purpose can I avail loans from Punjab National Bank Personal Loan?

One can avail home loans from Punjab National Bank Personal Loan for the following purposes:

House renovation
Personal emergency
Purchase of consumer durables
Short term loan for equipment purchase
Short term working capital

Documentation needed to apply for Punjab National Bank Personal Loan

Following are the documents you would need to submit for all applicants / co-applicants along with the completed and signed Application Form for loan approval:

Purpose Documents-Salaried Documents-Self Employed
ID proof   Passport-In force
  Voter ID Card
  Aadhaar card
  Valid Driving License
  3 passport size photographs
  Passport-In force
  Voter ID Card
  Aadhaar card
  Valid Driving License
  3 passport size photographs
Income Proof   Last 3 months' Salary Slips
  Last 3-6 months' Bank Statements, showing salary credits/pass book
  Form 16
  IT return copy
  Audited financials for last 2 yrs
  Last 6 months bank statement
  Office address proof
  Proof of residence or office ownership
  Proof of continuity of business
Residence Proof   Passport-In force
  Leave & License Agreement Utility bill (not more than 3 months old)
  Passport-In force
  Leave & License Agreement Utility bill (not more than 3 months old)

FAQs about Punjab National Bank Personal Loan:

Can i prepay my Personal loan? Are there additional charges for this?

Yes, lenders are allowed to full pre payment of loans but may levy additional charges of up to 5% of outstanding amount on an average. This penalty charge may vary across lenders.

For what purpose can i avail Punjab National Bank Personal Loan?

Personal Loan can be availed for purposes like education, marriage, travel, house renovation, buying white goods, working capital finance and personal emergencies including medical.

What is a personal loan?

Personal loans are aimed to bridge your short to medium term financial requirements.

What is the maximum tenure for Punjab National Bank Personal Loan?

Personal Loan are offered for tenures ranging from 12-60 months on an average.

When can i not avail Personal Loan?

Personal loans are not offered for investment in speculative instruments. Nor should one use the funds for investment in gold in any form.
Know Your CIBIL Score: When considering your eligibility for the loan, all lenders will seek out your CIBIL score to confirm your reliability as a borrower.


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