www.pnbindia.in : Punjab National Bank Personal Loan

[MariPriya]

Personal Loan Scheme For Public
Purpose
To meet all types of personal needs.

https://www.pnbindia.in/en/ui/PersonalLoan.aspx

Eligibility
** All permanent Defence Personnel including officials of Military Station Headquarters, BSF, CRPF, CISF, ITBP
** Confirmed/ permanent employees of Central/ State Govt/ PSUs and all reputed companies/ Institutions, who are drawing their salary through accounts maintained with our branches. OR Employer's of above categories agree for ‘check-off facility’
** Professionally qualified Doctors viz. MBBS, BDS & above having annual income of Rs.4.00 lac & above.
** Individual drawing salary through our Bank/availing loan under check-of facility with net monthly incme:
** Rs.15000 per month for eligible customers at Metro Centres;
** Rs.12500 per month for eligible customers at Urban Centres; and
** Rs.10000 per month for eligible customers at Semi-Urban and Rural Centres.

Nature and Amount of Loan
** Term Loan/ Overdraft – Minimum amount of loan will be Rs.50,000/- and maximum amount of loan Rs.4,00,000/- or 20 times monthly net salary, whichever is lower, depending upon the repaying capacity.
** Rs 5,00,000/- for those Salaried persons having completed service of 3 years in the present organization & drawing net monthly salary of nor less than Rs. 30,000/-

Security
Suitable guarantee acceptable to the Bank.

Rate of Interest
Click Here to view rate of interest

Repayment
Term Loan:
60 Equated Monthly Instalments (EMIs) OR remaining period of service, whichever is earlier. Instalment to commence one month after disbursement of loan.

Overdraft:
The overdraft limit shall be adjusted within a maximum period of 60 months by reducing Drawing Power(DP) equivalent to EMI amount at the beginning of every month. However, loan allowed to Army Jawans, other permanent employees of Military Station Headquarters and Para Military Personnel shall be Repayable in maximum 36 Equated Monthly Instalments or remaining period of stay at the particular posting, whichever is lower.

Upfront Fee
1.8% of the loan amount + Service Tax & Education Cess

Documentation Charges
** Rs.270/- upto Rs.2 Lac + Service Tax & Education Cess
** Rs.450/- over Rs.2 Lac + Service Tax & Education Cess
** Upfront / documentation charges for defence personnel - NIL

In case of Army Officers :
In case of Army Jawans, Other permanent employees of Military Station Headquarters and Para Military Personnel (Undertaking to be obtained from the Station Commandant/ Unit Incharge at the time of retirement/death/transfer of a particular Jawan/Personnel or on transfer of a unit, loan under the scheme will get adjusted.)

PERSONAL LOAN SCHEME FOR LIC AGENTS
LIC agents who receive regular commission from LIC of India and maintain accounts with our Branches are eligible for Personal Loan on the terms and conditions as under:
I. Eligibility:
LIC agents aged below 60 years with more than FIVE YEARS of agency, having regular and stable income and maintaining SF a/c with our branch.
II. Income Criteria:
Renewable Average Commission (average of the commission received during the preceding twelve months) must be at least Rs.10,000/- per month. (Form 16 issued by LIC reflects the renewal commission).
III. Maximum amount of loan:
Rs.2.00 lac or equivalent to 15 times of average monthly commission received during the preceding 12 months, whichever is lower.
IV. Rate of Interest: Base Rate + 5%
V. Repayment:
60 EMIs or upto 65 years of age of LIC agent, whichever is earlier.

Contact us:
Chief Punjab National Bank
Management Advisory Services Division
7,Bhikaiji Cama Place
New Delhi 110066

[Guest]

I have my salary account in PNB at Nasik. I want education loan for my Ph.d. What is the procedure? Can I get loan ? I m a school teacher.

[Unregistered]

HALAPPA BELAGALI I AM IN EDUCATION BA BED I AM INTRESTED SELP BUSINESS LOAN PLS SIR