PNB Personal Loan: Punjab National Bank (PNB) has introduced a special personal loan scheme designed exclusively for new customers, offering financial assistance ranging from ₹25,000 to ₹6 lakh. The best part? You can secure this loan without any collateral or lengthy paperwork just a simple OTP verification based on your KYC details.
Whether you’re a salaried professional, self-employed, or a homemaker, this loan is tailored to meet your urgent financial needs. With minimal eligibility criteria and a hassle-free online process, PNB ensures quick disbursal directly into your account.
Why Choose PNB’s New to Bank Personal Loan?
- Loan Amount: ₹25,000 to ₹6 lakh
- Competitive Interest Rates: Starting at 11% p.a. (varies based on credit profile)
- Flexible Repayment Tenure: Up to 72 months
- No Physical Documentation Required: Approval via Aadhaar-linked OTP
- Instant Disbursal: Funds transferred directly to your PNB account
Who Can Apply?
- New PNB account holders (account must be 3 to 6 months old)
- Individuals with a steady monthly income (minimum ₹15,000–₹25,000)
- Applicants with a good CIBIL score (reflecting strong credit history)
- Smartphone and internet access for online application
Documents Needed
Since PNB already has your KYC details from your account opening process, no additional documents are required. Simply authenticate your identity using an Aadhaar-based OTP, and the loan will be processed instantly.
Interest Rates & Charges
- Interest Rate: 11% to 18% p.a. (depends on creditworthiness)
- Processing Fee: 2% of the loan amount (capped at ₹10,000)
- Late Payment Penalty: Applicable if EMI is delayed
- GST Charges: 18% on processing fees
Before applying, carefully review all charges to avoid surprises later.
How to Apply for PNB’s New to Bank Personal Loan?
Follow these simple steps to get your loan approved without visiting a branch:
- Visit PNB’s Official Website – Navigate to the “New to Bank Loan” section.
- Click on “Apply Now” – Enter your registered mobile number and verify via OTP.
- Check Loan Offers – Eligible applicants will receive pre-approved loan offers based on their credit profile.
- Accept the Offer – Review terms, sign the agreement digitally using Aadhaar OTP.
- Receive Funds – Once approved, the loan amount will be credited directly to your account.