PNB Government Employees Personal loan

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

Written By

Amrita Sinha

Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.

Reviewed By

Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

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