PNB Personal Loan Interest Rates: EMI, Eligibility, Steps to Apply & Processing Fees in 2025

What is a good credit score for a personal loan from PNB Bank? How does your CIBIL score directly impact the interest rate you'll be offered? PNB interest rates start from 10.50%, with loan amounts up to Rs 20 lakhs. The loan tenure can vary from 12 to 60 months, providing repayment flexibility. A minimum credit score of 750 or above is required to qualify for PNB personal loans. Punjab National Bank offers personal loans for various purposes, including Corporate employees, salaried professionals, government employees, and medical emergencies. Understanding these factors is essential for making informed borrowing decisions.

PNB Personal Loan Interest Rates in 2025

PNB Bank offers competitive personal loan interest rates tailored to meet various financial needs. Below is a comprehensive table of PNB personal loan schemes and their corresponding interest rate ranges.

Personal Loan Scheme	Interest Rate Range
Personal Loan for Defence Personnel	10.50% - 17.05%
Personal Loan to Govt. Employees	10.50% - 17.05%
Personal Loan  to Corporate Employers	10.50% - 17.05%
Personal Loan  for Doctors	10.50% - 17.05%
Personal Loan for Pensioners	10.50% - 17.05%
Personal Loan for Covid	10.50% - 17.05%
Personal Loan  for Senior Citizens	10.50% - 17.05%
Personal Loan  for Self-employed	10.50%-17.05%

Different Types of Personal Loans Offered by PNB 

Punjab National Bank (PNB) offers various personal loan schemes tailored to meet the specific needs of different customer groups. Below is a detailed overview of the  available loan types:

1. PNB Personal Loan Interest Rate for Pensioners

Applicant Type	Retired individuals receiving a regular pension
Eligibility
Age	70 to 75 years of age.
CIBIL Score	Above 650
Employment Type	Not applicable for pensioners.
Loan Tenure	Up to 5 years.
Loan Amount	Up to  Rs. 10,00,000/-
Interest Rate	12.25% p.a.[1]
Processing Fees	NIL

2. PNB Personal Loan Interest Rate for Doctors

Applicant Type	Retired individuals receiving a regular pension.
Eligibility
Age	21 to 58 years of age.
CIBIL Score	NIL
Employment Type	Self-Employed
Loan Amount	Up to Rs. 20,00,000/-
Loan Tenure	Not more than 65 years of age.
Interest Rate	12.40% - 14.75% p.a.
Processing fee	0.90% of the loan amount.

3. Personal Loan for Salaried Individual 

Applicant Type	All Confirmed/ permanent employees of Central/ State Govt./ PSUs
Eligibility
Age	21 to 58 years of age.
CIBIL Score	Above 600
Employment Type	Salaried.
Loan Amount	Up to Rs. 20,00,000/-
Loan Tenure	Not more than 65 years of age.
Interest Rate	12.40% -  17.25% p.a.
Processing fee	1.00% of the loan amount.

4. Personal Loan Interest Rates for Self-Employed

Punjab National Bank (PNB) offers personal loans to Self-Employed with interest rates based on their CIBIL scores.

CIBIL Score	Interest Rate
= 800	12.75% - 13.75%
Less than 800	13.75% - 14.75%

5. Personal Loan Interest Rates for Salaried Individuals

Punjab National Bank (PNB) offers personal loans to salaried individuals with interest rates determined by their CIBIL scores.

CIBIL Score	Interest Rate
800 and above	12.75% - 13.75%
Less than 800	13.75% - 14.75%
650 to 749	14.75% - 16.75%
Less than 650	15.25% - 17.25%

6. PNB Personal Loan Interest Rates for Govt. Employees

Punjab National Bank (PNB) offers personal loans to government employees with interest rates that vary based on their CIBIL scores.

CIBIL Score	Interest Rate
800 and above	11.75% - 12.75%
Less than 800	12.75% - 13.75%
650 to 749	13.75% - 14.75%
Less than 650	14.25% - 15.25%

7. PNB Home Loan Interest Rates for NRI

Punjab National Bank (PNB) provides home loans to Non-Resident Indians (NRIs) with competitive interest rates and flexible terms.

Eligibility	Should be a citizen of India or a Person of Indian Origin (PIO) who holds an Indian passport with the status of NRI on deputation/ employment/ assignment. At the time of loan maturity, he/she should not be more than 70 years. Should atleast be one year in a foreign country before seeking a house loan. People moving abroad on deputation are exempted from the requirement of completing at least one year of service.
Loan Tenure	30 Years
Loan Amount	Up to ₹ 20,00,000
Processing Fee	Up to 1%
Interest Rate	8.5% - 11.05%

Features and Benefits of PNB Personal Loan

Punjab National Bank (PNB) offers personal loans with a range of features and benefits designed to meet the diverse needs of its customers.

• Flexible Loan Amounts: Borrowers can access loan amounts ranging from ₹50,000 to ₹15 lakhs, making it suitable for various financial needs, from medical expenses to education and travel.
• Competitive Interest Rates: PNB provides competitive interest rates starting as low as 9.75% per annum, ensuring affordable repayment options for borrowers with different credit profiles.
• Quick Processing: The loan approval and disbursement process is swift, often completed within a few days, ensuring that funds are available when needed most.
• Minimal Documentation: The bank requires minimal documentation, making the application process straightforward and hassle-free for the borrower.
• Flexible Tenure Options: Borrowers can choose loan tenures up to 5 years, allowing them to select a repayment plan that best suits their financial situation.
• No Prepayment Penalty: PNB allows for partial or full prepayment of the loan without any penalty, offering borrowers the flexibility to repay the loan ahead of schedule if they wish.

PNB Personal Loan Processing Fees

PNB Bank's personal loan interest rate offers affordable options with minimal charges. Use the PNB personal loan EMI calculator to check repayments and apply online for Punjab National Bank loans easily. Below is the detailed table for the PNB personal loan processing fees:[2]

Charge type	Amount/Rate
Processing Fees	Up to 1% of the loan amount
Prepayment Charges	Nil for personal loans
Foreclosure Charges	Nil
Late Payment Penalty	Up to 2% per month
EMI Bounce Charges	₹250-₹500 per bounce
Loan Cancellation Charges	Around ₹3000
Stamp Duty	As per the actual state-wise

What are the steps to Apply for a PNB Personal Loan?

Applying for a PNB personal loan is straightforward and can be completed in a few simple steps.

• Check Eligibility: Ensure you meet the eligibility criteria, including age, income, and credit score requirements, before applying.
• Gather Required Documents: Collect necessary documents such as identity proof, address proof, income proof, and bank statements.
• Visit PNB Website or Branch: You can apply online through the PNB website or visit the nearest PNB branch to start your application process.
• Fill Out the Application Form: Complete the application with accurate personal, employment, and financial details.
• Submit Documents: Upload or submit the required documents and the application form for verification.
• Application Review: PNB will review your application and documents. If needed, they may contact you for additional information or clarification.
• Loan Approval and Disbursement: As soon as the application is approved, the loan amount will be deposited into your bank account. This process can take a few days.

PNB Personal Loan Eligibility

The applicants must meet specific eligibility criteria to qualify for a personal loan from Punjab National Bank (PNB).

• Permanent employees of Central/ State Govt/ PSUs and all reputed companies/ Institutions, who are drawing their salary through accounts maintained with our branches or these employees agree to a check-off facility (Others minimum 3 years of service, including service with the previous employer(s), if any)` from their employer.
• LIC agents aged below 60 years with more than five years of agency, having a regular and stable income and maintaining SF a/c with our branch.
• Professionally qualified Doctors (MBBS, BDS & above) having a Net Annual Income/Salary of Rs.5.00 lac and above and Doctors should be taxpayers for the last two years and the ITRs of the last 2 years.

Document Required of PNB Personal Loan

Applying for a PNB personal loan can be a straightforward process, but ensuring you have readily available documents streamlines the application. Here's a list of documents you might need to submit:

• Identify Proof with a Unique Identification Number in case of Military/ Para Military Personnel
• Educational Qualification Proof
• Age Proof.
• Proof of official address and residential address.
• Income Proof
  • Salaried: Latest Salary Slip and Form 16, duly authenticated by the employer.
  • Non–Salried: IT returns for the last three financial years.

Note: Any other document may be necessary as per the requirement of the case.

How to Check Punjab National Bank Loan Status?

The crucial step to check PNB loan status can be easily done using net banking, mobile app, or the loan reference number for quick updates. You can download it online or offline using the methods below.

• Visit the Official Website: Go to Punjab National Bank’s personal loan online portal to access real-time loan information using your login credentials. 
• Use Net Banking: Log in to your PNB Net Banking account. Navigate to the loans section to view outstanding amounts, EMI schedule, and loan statements. 
• Mobile App: Download and open the Punjab National Bank mobile app. Select "Loan Status" under your account dashboard for instant updates.
• Contact Customer Care: Call PNB helpline numbers or visit your nearest branch for offline assistance on your loan status and interest rate of PNB personal loan.
• Check via SMS or Email Alerts: Register for SMS/email notifications to instantly receive updates about your PNB loan interest rate, due EMI, and other changes.
• Use PNB Personal Loan EMI Calculator: Calculate your current EMI and view repayment details. This helps track progress and manage payments easily. 

How to Download Punjab National Bank Loan Statement Online?

You can quickly download your PNB loan statement through PNB NetBanking or the PNB ONE Mobile App by accessing your loan account details and generating the statement in PDF format.

• Step1: Log in to your PNB NetBanking portal using your User ID and password.
• Step2: Click on the “Loans” tab from the main dashboard.
• Step3: Select “Loan Account Summary” to view your loan details.
• Step4: Choose the loan account and the desired statement period (e.g., last 6 or 12 months).
• Step5: Click on “Download Statement” and select the PDF option to save your Punjab National Bank loan statement.

PNB Personal Loan Vs Other Banks

Bank	Interest Rate Range
Punjab National Bank (PNB)	12.75% - 14.75%
State Bank of India (SBI)	11.05% - 14.05%
HDFC Bank	10.50% - 24.00%
ICICI Bank	10.50% - 16.00%
Kotak Mahindra Bank	10.99% - 20.00%
Axis Bank	10.49% - 22.00%
IndusInd Bank	10.25% - 26.00%
HSBC Bank	9.99% - 16.00%
Yes Bank	10.99% - 20.00%
Bank of Baroda	10.90% - 18.25%
Federal Bank	11.49% - 14.49%
Bank of Maharashtra	10.00%
Standard Chartered Bank	11.00% - 17%
Citibank	9.99% - 16.49%
IDBI Bank	9.50% - 14.00%
Central Bank of India	11.25% - 11.45%

PNB Personal Loan Interest Rate EMI Calculator

Calculating the Equated Monthly instalment (EMI) for a PNB personal loan is straightforward. The EMI consists of principal and interest amounts repaid over the loan tenure.
For calculating the EMI, use this formula: 

• EMI = [ P x R x (1 + R)^N ] / [ (1 + R)^N - 1 ]
• Where:
  • EMI = Equated Monthly instalment
  • P = Principal Loan Amount (borrowed from PNB)
  • R = Interest Rate per month
  • N = Loan Tenure in Months
• Example Calculation:
  Loan amount (P) = ₹500,000
  • Interest rate (R) = 12% per annum ( which translates to 12/100 = 0.12 as a decimal for monthly calculation)
  • Loan tenure (N) = 3 years (36 months)
• Step 1: Calculate the Monthly Interest Rate
  • R = 12% / 12 months = 0.12 / 12 = 0.01 (as a decimal)
• Step 2: Apply the formula
  • EMI = [₹500,000 x 0.01 x (1 + 0.01)^36 ] / [ (1 + 0.01)^36 - 1 ]

PNB Personal Loan vs. NoBroker Cash Loan - Which is Better?

Feature	PNB Personal Loan	NoBroker Cash Loan
Approval time	1-2 working days	Instant approval within minutes
Loan amount	Up to Rs. 20 Lakhs	₹10,000 - ₹5 Lakhs
Eligibility	Based on credit score, income, and employer	Based on credit score, income, and employer

Factors that Affect the PNB Personal Loan Interest Rate

Several factors influence the interest rate for a PNB personal loan. Understanding these can help you secure better terms.

• Credit Score: A higher credit score (typically above 700) indicates good creditworthiness, leading to lower interest rates. Conversely, a lower score can result in higher rates due to increased risk.
• Income Level: Higher and stable income levels can lead to lower interest rates as they reflect the borrower’s ability to repay the loan. Lenders see high-income applicants as lower risk.
• Employment Type and Stability: Salaried employees usually get better interest rates, especially those with government jobs or reputed companies. Job stability and a longer employment history also contribute to more favourable rates.
• Loan Amount and Tenure: Larger loan amounts or longer tenures can sometimes result in higher interest rates due to the increased risk over time. However, due to competitive pricing, PNB might offer lower rates for higher amounts.
• Existing Relationship with PNB: Existing customers with a good track record with PNB, such as maintaining a savings account or having previous loans, may receive preferential interest rates as a loyalty benefit.
• Debt-to-Income Ratio: A lower debt-to-income ratio suggests that the borrower has a manageable level of debt relative to their income, leading to more favourable interest rates as they are seen as less risky.

Tips to Avail PNB Personal Loan at Lower Interest

Securing a PNB personal loan at a lower interest rate can save you money over the loan term. Here are some tips that you can follow:

• Maintain a High Credit Score: Ensure your credit score is above 750 by paying your bills on time and reducing outstanding debts. A higher score demonstrates good creditworthiness, leading to lower interest rates.
• Opt for a Shorter Loan Tenure: A shorter loan tenure reduces the overall interest paid and can often result in lower interest rates. However, ensure that the EMI is affordable within your budget.
• Stable Income and Employment: Demonstrate stable and high income with a continuous employment history. Lenders view salaried employees with stable jobs, particularly in reputed organisations, as less risky, often leading to better interest rates.
• Existing Relationship with PNB: Leverage your existing relationship with PNB. If you have a savings account or other financial products with them, use this to negotiate for a lower interest rate based on your loyalty.
• Compare Loan Offers: Compare personal loan offers from different lenders, including PNB. Use this information to negotiate with PNB for the best possible interest rate based on competitive offers.

Secure the Best PNB Personal Loan Rates with NoBroker

Understanding the PNB personal loan interest rate is crucial for making informed financial decisions. With competitive rates and various loan options, PNB makes it easier to manage your financial needs. If you're considering a personal loan, apply now for PNB's attractive interest rates. 

NoBroker can assist you by providing comprehensive information and tools to compare personal loan offers, ensuring you find the best rates and terms for your needs. Our user-friendly tools and expert guidance ensure you find the best loan rates tailored to your requirements. Let NoBroker help you make informed and efficient financial decisions effortlessly.

How Can NoBroker Help

While PNB personal loans offer flexible repayment and reliable banking support, a NoBroker Cash Loan can be a faster and simpler alternative. With instant approval, minimal documentation, and quicker disbursal, cash loans from NoBroker are ideal for urgent financial needs. Skipping lengthy paperwork and getting instant approvals just makes the process faster and easier. You can stay updated with the latest loan status simply through the NoBroker dashboard. If transparency and timing matter to you, considering NoBroker’s cash loan can simplify your financial decisions. 

Frequently Asked Questions