PNB Government Employees Personal loan

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PNB government employees' personal loan is an appealing credit option. It ideally features lucrative interest rates, lower processing fees, and flexible repayment plans, making it more economical and convenient. You can also secure the necessary amount without having to pledge any collateral, which further enriches the overall appeal. However, before finalising your decision, there are certain aspects you should be aware of, including the eligibility criteria, required documentation, and other associated fees. To help you make a more informed decision, Urban Money provides a detailed overview of a PNB government staff personal loan. Continue scrolling down. 

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Table of Content

1. PNB Personal Loan for Government Employees Highlights

2. Compare Government Employees Loan From Other Banks

3. PNB Personal Loan for Government Employees Fees and Charges

4. PNB Personal Loan for Government Employees Documents Required

5. PNB Personal Loan for Government Employees Eligibility Criteria

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Written By
Hepson Franklin
Hepson Franklin
Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.
Reviewed By
Amit Prakash Singh
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 Government Employees – Highlights 

The PNB government employee personal loan interest rate and other key elements are as follows: 

Loan Amount Up to ₹20 Lakh
Interest Rates 9.50% p.a. onwards
Loan Tenure 12 – 72 month
Eligibility Both state and central government employees

Compare Government Employees’ Loan From Other Banks

Here is the comparison of PNB government employees’ personal loans with other banks across 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
State Bank of India 10.55% p.a. onwards Up to 0.75% of the loan amount Up to Rs 35 lakh 6 years
IDBI Bank 9.50% p.a. onwards 1 % of the loan amount Up to Rs 5 lakh 6 years
HDFC Bank 10.50% p.a. onwards Upto Rs 4999 Up to Rs 40 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
Axis Bank 10.49% p.a. onwards Up to 2% of the loan amount Up to Rs 40 lakh 7 years

PNB Personal Loan for Government Employees – Fees and Charges 

Here are the fees and charges of a Punjab National Bank (PNB) government employee’s personal loan:

Fee/Charge Amount
Processing fee 0.35% of the loan amount
Documentation Charges ₹1,350
Prepayment Charges Nil
Late Payment Charges  24% p.a. on the overdue amount. I.e., 2% per month

PNB Personal Loan for Government Employees – Documents Required 

Here are the required documents for a PNB state employee personal loan: 

Identity Proof Aadhar card, Passport, Driving License, or Voter ID
Address Proof Utility bills, Passport, Aadhar card, or Driving License
Income Proof Salary slips, bank statements, income tax returns, or Form 16
Additional Documents PAN Card, 2 passport-size photos, and duly filled application form

PNB Personal Loan for Government Employees – Eligibility Criteria

Here are the PNB personal loan eligibility for government employees: 

Age 21 – 60 years old
Employment Stability Minimum of 2 years
Salary Account Must have a PNB salary account
Credit Score  700 or above is considered ideal 
Nationality  Indian
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