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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Table of Content

1. PNB Personal Loan for Salaried Employees Highlights

2. Compare Salaried Employees Loan From Other Banks

3. PNB Personal Loan for Salaried Employees Fees and Charges

4. PNB Personal Loan for Salaried Employees Documents Required

5. PNB Personal Loan for Salaried Employees 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.

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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 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.