5 Lakh Ka Loan Apply: Benefits, Interest Rate, Eligibility, Documents Required, and Application Process

5 Lakh Ka Loan Apply: Punjab National Bank (PNB) is now offering personal loans up to Rs 10 lakh. In this article, we will tell you how you can apply for this 5 Lakh Ka Loan, what are the interest rates and all the information related to the 5 Lakh Ka Loan Apply.

Friends, Punjab National Bank is a major government bank in India that provides various banking services to its customers. This bank is one of the largest banks in the country, and here you can get various types of secured and unsecured loans. If you need money and want to fulfill your financial needs through a PNB personal loan, then you can get financial assistance from Punjab National Bank. For this, you have to fulfill some conditions, such as you should have an account in this bank.

PNB Personal Loan 2024 [5 Lakh Ka Loan Apply]

Friends, if you want to take a personal loan from Punjab National Bank, then you have to fulfill some necessary conditions. You should be engaged in some type of job or business and your monthly income should be at least Rs 15,000. If you fulfill these conditions, then you can apply for a personal loan by visiting your nearest Punjab National Bank branch.

If you read this article till the end, you will get complete information about applying for Punjab National Bank Personal Loan online and you will not need to search anywhere else. In this article, you have been provided with detailed information about this PNB Personal Loan 2024 [5 Lakh Ka Loan Apply]. So, let’s know, without wasting time, what you have to do to get a personal loan from Punjab National Bank.

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5 Lakh Ka Loan Apply Benefits

Friends, the biggest advantage of taking a personal loan from Punjab National Bank is that you do not need the mediation of any agent. Apart from this, there are many other advantages of taking a personal loan from this bank:

  • Low interest rates: The bank offers loans at attractive interest rates.
  • Flexibility: You can choose the loan amount and tenure as per your needs.
  • No hidden charges: All fees of the bank are transparent.
  • Fast Processing: The amount of the personal loan is transferred to your bank account within 15 days.
  • Flexible Process: You can get a personal loan online or offline as per your convenience.
  • Variety of Loan Amount: You can easily take a loan from Rs 25,000 to Rs 10 lakh from this bank.
  • Various Loan Options: Punjab National Bank offers you loans in the form of overdrafts as well as term loans.
  • Low EMI: The minimum EMI on personal loans in this bank is Rs 1,581.

Punjab National Bank Loan Interest Rate and Processing Fee

Friends, if you are thinking of taking a personal loan from Punjab National Bank, then here you are told about its interest rates and other important information:

Punjab National Bank Personal Loan Interest Rates:

For Salaried Account Holders: If you take a personal loan of Rs 1 to 10 lakh, then you will get a loan at an interest rate of 8.95%.

For General Customers: If you do not have a salary account and you take a personal loan of Rs 5 to 10 lakh, then you will have to repay the loan at an interest rate of 10.30%.

For Pensioners: The interest rate on personal loans for pensioners has been fixed at 10.75%.

Processing Fee: In this bank, you will also have to pay a processing fee of 1%.

Loan Tenure: The tenure of a personal loan taken from Punjab National Bank is 5 years.

CIBIL Score: To avail of a personal loan, your CIBIL score should be at least 650.

Loan Rates and Conditions Table:

Loan AmountInterest RateAccount TypeProcessing FeeTenureCIBIL Score
₹1 to ₹10 lakhs8.95%Salary Account1%5 years650+
₹5 to ₹10 lakhs10.30%Non-Salary Account1%5 years650+
Pensioners10.75%Pension Account1%5 years650+

PNB Personal Loan Eligibility 2024

The following are the eligibility criteria for a personal loan from Punjab National Bank:

  • You should have at least Rs 30,000 monthly income.
  • You must have your own business or job.
  • You must not have a loan from any other finance company.
  • The age eligibility criteria for the loan is between 21 years and 58 years.

If you meet these eligibility criteria for PNB Personal Loan 2024 [5 Lakh Ka Loan Apply], you can apply for a personal loan from Punjab National Bank. For this, you have to visit your nearest branch and submit the required documents.

Important document you need for the PNB loan 2024

The following documents are required for a personal loan from Punjab National Bank:

Copy of the Aadhar card for your identity.Copy of the PAN card for proof of your income.
Copy of the Residence Certificate for proof of your residence.Copy of any other identity card for your identity, such as Voter ID card or Passport.
Copy of the Birth Certificate for proof of your date of birth.Copy of the Income Tax Returns for the last 3 years to prove your income.
You will have to attached a copy of last 3 month of your bank statement.

All these documents are required by the bank to be submitted along with the application for the loan contract.

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How to apply for the PNB Personal Loan 2024?

Offline process:

  • Firstly, you will have to visit your nearest Punjab National Bank branch.
  • Fill the required form for the loan and submit all the required documents.
  • The bank officials will process your application further.

Online process:

  • By using your laptop visit the official website of the Punjab national bank
  • Fill the application form for personal loan.
  • Upload the required documents.
  • After applying, the bank officials will review your application and give you further information.
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