PNB Personal Loan for Doctors

PNB doctors' personal loan is a feature-rich credit option. As lenders typically favour doctors due to their robust job outlook, eligible candidates can expect higher loan amounts and quick fund disbursement. The bank also offers attractive interest rates, personalised repayment plans, and lower processing fees, making it a more economical loan. Furthermore, the bank guarantees that once you submit the loan application and the necessary documents, the funds will be deposited into your applicable bank account within 3 to 7 days, which is ideal for those seeking urgent financial support. For more in-depth insight, continue reading below. Hereunder, we thoroughly review a PNB doctor's instant loan. Let's dive in.

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Table of Content

1. PNB Personal Loan For Doctors Highlights

2. Compare Doctors Loan From Other Banks

3. PNB Personal Loan For Doctors Fees and Charges

4. PNB Personal Loan For Doctors Documents Required

5. PNB Personal Loan For Doctors Eligibility Criteria

Written By

Thejus KS

A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

PNB Personal Loan For Doctors – Highlights

Let’s take a look at the key parameters of Punjab National Bank (PNB) doctors personal loan:

Interest Rates	9.50% p.a. onwards
Loan Amount	₹2 lakh – ₹20 lakhs
Loan Tenure	7 years
Eligibility	Must earn a minimum income of ₹5 lakh per annum

Compare Doctors’ Loan From Other Banks

Let’s compare the PNB doctors’ personal loans online with other banks and NBFCs in India:

Bank/NBFC	Interest Rate	Processing Fee	Loan Amount	Tenure
Punjab National Bank (PNB)	9.50% p.a. onwards	0.35% of the loan amount	Up to ₹20 lakhs	1 – 7 years
Kotak Mahindra Bank	10.99% p.a. onwards	Up to 2.5% of the loan amount	Up to ₹15 lakhs	1 – 6 years
HDFC Bank	10.75% p.a. onwards	Rs 7999 + Taxes	Up to 75 lakhs	1 – 6 years
Bajaj Finance	10.00% p.a. onwards	Up to 2.95% of the loan amount	Up to ₹55 lakhs	1 – 8 years
IDFC First Bank	10.50% p.a. onwards	Up to 3.5% of the loan amount	Up to ₹1 cr	1 – 7 years
IndusInd Bank	10.49% p.a. onwards	Up to 2% of the loan amount	Up to ₹10 cr	1 – 7 years
Bank of India	10.25% p.a. onwards	NA	Up to ₹25 lakhs	1 – 7 years
Union Bank	11.75% p.a. onwards	0.50% of the loan amount	Up to ₹20 lakhs	1 – 5 years
SMFG India Credit	11.99% p.a. onwards	Up to 6% of the loan amount	Up to ₹30 lakhs	1 – 5 years

PNB Personal Loan For Doctors – Fees and Charges

Let’s examine the fees and charges for the PNB doctors’ personal loans:

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 Doctors – Documents Required

The following are the pertinent PNB doctors’ personal loan documents:

KYC Documents: Aadhar Card, Voter ID, Passport, and Driving License.
Employment Documents: Medical registration certificate and educational qualification certificates.
Income Documents: ITR for the last 2 years, salary slips of the last 2 months (if salaried), and bank account statements of the last 12 months.
Additional Documents: PAN Card, duly filled application form, and 2 passport-sized photographs.

PNB Personal Loan For Doctors – Eligibility Criteria

Following are the pertinent PNB doctors’ personal loan eligibility:

Age Limit: Must be aged below 60 years old.
Professional Qualification: Must be a professionally qualified doctor (MBBS, BDS, or higher).
Income Requirement: Must have a minimum net annual income of Rs. 5 lakh.
Taxpayer: Must have filed taxes for at least the last two years.
CIBIL Score: A credit score of 700 or above is generally required.
Nationality: Must be an Indian Resident.