Visxnews Your Daily Tech News, Cyber News Portal
PNB Personal Loan: Through this article today, we will all know the process of taking a personal loan from Punjab National Bank. Punjab National Bank is a very good government bank which provides good facilities to its customers from time to time. Different types of unsecured loans are given through Punjab National Bank, a select favorite bank of India.
Detailed information has been shared in this article about how to take a personal loan through Punjab National Bank. By reading this article, you can know the process of applying for PNB Personal Loan Online through a very simple process. If you need money and want to fulfill your needs in such a situation, then Punjab National Bank is always ready for you.
Do read: Money tap se loan kaise le?
You can get a personal loan from Punjab National Bank by providing very few documents through Punjab National Bank. All the information has been provided in detail in this article about how to apply for PNB Personal Loan Online. You can apply for PNB Personal Loan Online by reading and understanding the article till the end.
Finally, to get more such latest information related to the bank, you can visit this website regularly. A direct link is given below in the Important Links section from where you can apply for PNB Personal Loan Online Apply online.
Benefits of PNB Personal Loan
If you want to get a personal loan from Punjab National Bank, then you will mostly get to see its benefits. All the information about the benefits of personal loan related to Punjab National Bank is provided in detail below. The benefits of personal loan from Punjab National Bank are as follows-
- If you are interested in taking a personal loan through Punjab National Bank, then the biggest advantage is that you will get loans without any agent in a very simple process.
- The amount of personal loan received through Punjab National Bank is transferred directly to your bank account within 15 days.
- You can apply online as per your wish by visiting the Punjab National Bank official website.
- To take a personal loan through Punjab National Bank, you have been provided the facility of getting loan through a very simple process .
Interest rate for PNB Personal Loan
As per all the banks of India, you are given loan facility in Punjab National Bank at very attractive interest rates. You can know PNB Personal Interest Rate very easily by reading the following information related to Punjab National Bank Personal Loan. PNB Personal Interest Rate is as follows-
Do read: Tata Neu instant personal loan
- If you want to get a personal loan from PNB from Rs 100000 to Rs 1000000, then the interest rate will be 8.95% (in salary account)
- If you want to get a PNB Personal Loan between Rs 5 lakh to Rs 10 lakh, then the interest rate will be 10:30% (for those who do not receive salary)
- For those who receive pension, PNB has kept the interest rate for taking a personal loan at 10.75%
- There is a processing fee of up to one percent in Punjab National Bank Personal Loan
- The amount of personal loan received from Punjab National Bank has to be repaid in a period of 5 years
- To take a personal loan through Punjab National Bank, the CIBIL SCORE should be at least more than 650
Documents required to take PNB Personal Loan
If you want to take a personal loan through Punjab National Bank, then for this you need to do some Important documents should also be available. Documents required to take a personal loan through Punjab National Bank are as follows-
- Aadhar Card
- PAN Card
- Address Proof (Aadhar Card, PAN Card, Driving License etc.)
- Voter Card i.e. Identity Card
- Residence Certificate
- Income Certificate
- Details of Income Tax Return of last 3 years have to be given
- Bank Statement of last 6 months
- Passport size photo
- Mobile number
- Email ID etc.
PNB Personal Loan Eligibility Criteria
Pure income:
Your minimum monthly net income should be Rs 30,000 to take a personal loan from PNB. The bank considers your income (Net Tech-Hom Salary) to determine your eligibility. Your ability to pay EMI is assessed based on earned income.
Do Read: Aadhar card se loan kaise le?
Foir:
FOIR (Fixed Obligation to Income Rati) is an important parameter that is used by PNB to determine the personal loan eligibility of the applicant. While deciding the eligibility of the applicant, PNB takes into account all your definite obligations (such as rent or existing EMI). You can calculate and check your eligibility using PNB Personal Loan Calculator and apply online and easily.
Co-applicant:
Applying for personal loan with co-applicant can increase your eligibility as it increases your total net income. With this, the bank can also be assured about your repayment capacity.
Credit Score:
Your credit track records and patterns from previous lenders are recorded in your credit score. Credit score is an important factor that defines your eligibility for personal debt. When checking the eligibility for individual loans, PNB examines your entire credit report, including your existing loan and previous payment track records on borrowings. A high credit score will increase the possibility of your loan application to be approved. However, a low credit score will reduce your eligibility for personal debt.
Job stability and type of profession –
The stability of the job can help improve your eligibility for personal loans from PNB. When evaluating your job stability and type of profession, your entire work experience and current work experience are seen.
Some areas are considered unfavorable by the bank
PNB has a fixed list of areas where it will give personal loan. The bank has a negative list of areas where it does not give individual loan based on credit behavior of borrowers. The PNB also assesses the residential stability of the applicant by confirming the number of years of living in the current residence of the applicant.
If a person is living in his residence, it increases his chances of obtaining personal loans from PNB. The minimum residential stability that is considered good by most banks is 10–12 months.
Type of industry –
PNB has a list of businesses that are considered negative. It also sees the type of industry working by the applicant. Depending on the list, the bank may reject applications as it does not consider some types of businesses and industries appropriate to give personal loans. Therefore, your possibility of obtaining personal loan acceptance depends on your profession and the industry you work.
Salary Mode –
Most banks consider salary account as adequate income proof. If your income matches the bank’s norms, but you get your salary through cash or check, then the bank cannot give you a loan because the bank will need concrete evidence of salary deposited in the salary account. This assures the bank that you will be able to repay the loan on time. Thus, pay transfer is preferred by PNB on a monthly basis by PNB for individual loan applications.
PNB Personal Loan Features
Here are some major points that will help you understand the characteristics of PNB Personal Loan:
- The applicant can go to any branch of PNB Bank to apply for personal loan. He can also contact the bank through phone banking to inquire about personal loans.
- The bank will then send a representative to the interrogative’s residence to provide additional details and complete the formalities.
- The bank provides personal loans to both self -employment and salaried individuals. The eligibility criteria is easy to follow and appropriate for all.
- The duration of individual loans can be maximum 5 years, and the bank provides it at affordable interest rates.
How to Apply for PNB Personal Loan Online step by step?
If you want to take a personal loan through Punjab National Bank easily from home, then for this you have to apply online. You can apply online for PNB Personal Loan by visiting the official website of Punjab National Bank. PNB Personal Loan online application process is as follows-
- First of all go to the official website of Punjab National Bank, which will be of the type-
- Now click on the Retail Loan option
- Now click on the Personal Loan option, it will be of the type-
- Now enter all the information sought and successfully apply online for PNB Personal Loan
- After applying online, money is transferred to your account as soon as possible
- You can take a personal loan from Punjab National Bank by following the above process step by step
Summary
In this article, we have given you all complete information about how to apply for Punjab National Bank Personal Loan Online through Punjab National Bank in full detail. Right now Punjab National Bank Personal Loan is being given to PNB Bank account holders from Rs 50000 to lakhs. If you want to take Prasanna Loan through Punjab National Bank and want to know its online application process, then for this you read this article till the end.
Friends, I hope that all of you have read this article till the end and you must have liked this article very much, for which you will definitely like, share and comment on this article of ours.
FAQ’s – PNB Personal Loan Online Apply
How much personal loan will be available through Punjab National Bank?
Personal Loan is being given by Punjab National Bank right now, under which you can take from ₹ 50000 to 15 lakhs.
How to apply online for Punjab National Bank Personal Loan step by step?
If you want to apply online for personal loan through Punjab National Bank, then for this first go to the official website of Punjab National Bank. After that click on the Loans option, now enter all the information asked and apply for PNB Personal Loan.
