PNB Salaried Employee Personal loan

PNB salaried employee personal loan is a quick and easy credit option. The bank can disburse funds on time if you want funds to cover unexpected medical emergencies, a long-awaited home makeover, a much-needed holiday, or whatever else you desire. You can typically expect to receive the cash within 3 to 7 days. The online application process enables you to secure the funds from the comfort of your home. Moreover, the maximum loan amount available can be up to 20 lakh, based on your salary and creditworthiness. To make your ‘someday’ come ‘today,’ Urban Money offers a complete overview of a PNB salaried employee instant loan. Let’s scroll down.

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PNB Personal Loan for Salaried Employees – Highlights 

The PNB salaried employee personal loan interest rate and other key parameters are as follows: 

Loan Amount Up to ₹20 Lakh
Interest Rates 9.50% p.a. onwards
Loan Tenure 12 – 72 month
Eligibility Must have a salary account with Punjab National Bank (PNB) 

Compare Salaried Employees Loan From Other Banks  

Here is the comparison of a PNB salaried employee personal loan with other lenders in India: 

Lender Interest Rate  Processing Fee Loan Amount Loan Tenure
Punjab National Bank (PNB) 9.50% p.a. onwards 0.35% of the loan amount Up to ₹20 lakhs 7 years
Axis Bank 10.49% p.a. onwards Up to 2% of the loan amount Up to Rs 40 lakh 7 years
IDBI Bank 9.50% p.a. onwards 1 % of the loan amount Up to Rs 5 lakh 6 years
Bank Of Baroda 12.15% p.a. onwards Up to 2% of the loan amount Up to Rs 20 lakh 7 years
Kotak Mahindra Bank 10.99% p.a. onwards Up to 3% of the loan amount  Up to Rs 40 lakh 6 years

PNB Personal Loan for Salaried Employees – Fees and Charges 

Below are the pertinent fees and charges for a Punjab National Bank (PNB) salaried employee personal loan online:

Fee/Charge Amount
Processing fee 0.35% of the loan amount
Documentation Charges ₹1,350
Prepayment Charges Nil
Late Payment Charges  2% p.m. on the overdue amount 

PNB Personal Loan for Salaried Employees – Documents Required 

PNB salaried employee personal loan documents are as follows:

  • Identity Proof: Aadhaar, Passport, Driving License, Voter ID, or PAN.
  • Residential Proof: Registered Rent Agreement, Utility Bill (up to 3 months old), or Passport.
  • Income Proof: Latest Salary Slip, Form 16, and Bank Statement.
  • Additional Documents: PAN Card, 2 passport-size photos, and duly filled application form.

PNB Personal Loan for Salaried Employees – Eligibility Criteria

PNB salaried employee personal loan eligibility is as follows: 

  • Minimum Age: The applicant must be at least 21 years of age.
  • Employment Stability: The applicant should have a work experience of at least 2 years and at least 1 year at the current organisation.
  • Bank Account: The applicant should maintain a salary account with Punjab National Bank (PNB).
  • Maximum Age: The applicant should not exceed 60 years or retirement age, whichever is earlier.
  • Nationality: The applicant should be an Indian citizen.

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