PNB Personal Loan – A Fantastic offer From A Public Sector Bank

When it comes to a public sector bank taking a personal loan, many people think the process is going to be slow. It will take two to three weeks to get the loan. In reality, it is not the case. For instance, PNB Personal loan are offered at a quick speed. However, before proceeding on the applying part, let’s check out the loan details.

PNB Personal loan

PNB Personal loan is available for any usage a borrower desire. PNB aims to deliver swift financial assistance to its borrowers.

The loan details

• PNB offer loan amount up to Rs 15 lakhs.

• The rate of interest starts at 8.95% per annum.

• The loan tenure is up to 7 years or 84 months.

• The processing fee is up to 1% of the sanctioned loan amount.

• The foreclose are charge being NIL.

• The documentation charge is between Rs 270 and Rs 500.

Types of PNB Personal loan and its interest rate

For loan amount up to Rs 10 lakhs 8.95% P.A Onwards From Rs 5 lakh to Rs 10 lakhs 10.30% P.A onwards For loan amount up to Rs 5 lakhs 11.80% P.A onwards PNB Personal loan for pensioners 9.30% P.A onwards PNB Doctor’s delight 8.95% P.A onwards

Prominent features of PNB Personal loan

• PNB offers multiple personal loan schemes aimed at specific borrowers.

• The loan amount is offered up to Rs 15 lakhs, sufficient for any requirement.

• The loan application is easy to fill and apply. Both online and offline ways are available.

• The loan repayment tenure is quite a loan enough to repay the loan without any problem.

• There are no hidden charges. You will be informed regarding the fee and charges when you apply.

• There are no restrictions on how you use the loan.

• It requires minimal paperwork.

• It has quick processing and disbursal.

The eligibility criteria for PNB Personal loan

• The defense personnel, border security forces, Central Industry security force, Indo Tibetan Border police are eligible for the loan. However, those who retire in the next 2 years, may not be eligible for the personal loan.

• The confirmed employee of central, state, PSUs, and other reputed companies are eligible for the loan.

• Professional doctors who have an annual income of Rs 4 lakhs and above, paying taxes for the last 3 years are eligible for the loan.

• The minimum monthly salary requirement is Rs 10,000 for rural centers, for urban it is Rs 12,500 and for metro, it is Rs 15,000.

• The age limit is 21 years and 58 years for the borrowers.

• The borrower should have a minimum of 2 years of work experience, whether it is a salaried individual or a self-employed professional.

• A borrower may or may not have to offer collateral to get a personal loan.

Required documents for PNB Personal loan

• The loan application

• Passport size photographs

• Identity proof – Aadhar card, PAN card, Voter ID card, Driving license

• Address proof – Utility bill, electricity bill

• Income proof – ITRs, Bank statement, Salary slips

• Form 16

PNB Personal loan EMI Calculator

If you want to know the monthly EMI Before applying, you can use the PNB Personal loan EMI calculator. Enter the loan amount, interest rate, and loan tenure to find out. For a reliable calculator, you can take the help of Afinoz.com. It is easy to use.

How to apply?

You can go to PNB Personal loan official website to apply for the loan. Afinoz.com too offers an easy way to apply for a loan.

Conclusion

PNB Personal loan offers an amazing deal considering it is a PSU Bank. Once you have the submit the details, the loan will be quickly disbursed post verification.