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Home >> Personal Banking >> Credit Schemes >> Personal Loan
To meet all types of personal needs.
  1. All permanent Defence Personnel including officials of Military Station Headquarters, Border Security Force, Central Reserve Police Force, Central Industrial Security Force, Indo Tibetan Boarder Police, etc..  However, loan request of Defence Personnel, who are due for retirement with in next 24 months, may not be entertained.
  2. Confirmed/permanent employees of Central/State Govt./PSUs and all reputed companies/Institutions including Schools, Colleges, Universities, autonomous bodies, Hospitals/Nursing Homes, who are either drawing their salary through accounts maintained with our branches or these employers agree for check off facility.
    (Any Company/Institution is to be termed as reputed company/institution only with the approval of Circle Head concerned taking into account the financial strength of the Company/Institution).
  3. Professionally qualified practicing Doctors viz., MBBS, BDS & above   having customer relationship with PNB at least for the last six months having annual income of Rs.4.00 lac and above. Doctors should be taxpayers for the last three years and the ITRs duly receipted by ITO be kept on record.

    All above individuals salary through our Bank/availing loan under check-of facility with net monthly income: 
  • Rs.15000 per month for eligible customers at Metro Centres;
  • Rs.12500 per month for eligible customers at Urban Centres; and
  • Rs.10000 per month for eligible customers at Semi-Urban and Rural Centres. 

    However, for Teachers, Army Jawans, other permanent employees of Military Station Headquarters and Para Military Personnel whose salary is being credited and disbursed through our branches the minimum Net Monthly Income criteria shall be Rs.7500/- at all Centres viz. Metro, Urban, Semi-Urban and Rural.

(EMI should not exceed 50% of monthly salary/income)

Nature and Amount of Loan
Term Loan/ Overdraft – Minimum amount of loan will be Rs.50,000/- and maximum amount of loan Rs.4,00,000/- or 20 times monthly net salary, whichever is lower, depending upon the repaying capacity.

Rs 5,00,000/- for those Salaried persons having completed service of 3 years in the present organization & drawing net monthly salary of nor less than Rs. 30,000/-

Suitable guarantee acceptable to the Bank.
Rate of Interest
Term Loan:
60 Equated Monthly Instalments (EMIs) OR remaining period of service, whichever is earlier. Instalment to commence one month after disbursement of loan.

The overdraft limit shall be adjusted within a maximum period of 60 months by reducing Drawing Power(DP) equivalent to EMI amount at the beginning of every month. However, loan allowed to Army Jawans, other permanent employees of Military Station Headquarters and Para Military Personnel shall be Repayable in maximum 36 Equated Monthly Instalments or remaining period of stay at the particular posting, whichever is lower.
Upfront Fee
1.8% of the loan amount + Service Tax & Education Cess
Documentation Charges
  • Rs.270/- upto Rs.2 Lac + Service Tax & Education Cess
  • Rs.450/- over Rs.2 Lac + Service Tax & Education Cess
  • Upfront / documentation charges for defence personnel -  NIL

In Case of Employees of Govt./Institutions etc.

In case of employees of government/institution etc., irrevocable letter of authority from the borrower to remit salary/installment and other amount payable to bank. Post dated cheques towards monthly installments be obtained from the borrower under the cover of ‘letter of deposit’ (Mandate of the borrower conveying deposit of PDCs for appropriation in the loan account).
Where the employer agrees to check off facility, at least one PDC to be obtained.

In case of Army Officers :

In case of Army Jawans, Other permanent employees of Military Station Headquarters and Para Military Personnel (Undertaking to be obtained from the Station Commandant/ Unit Incharge at the time of retirement/death/transfer of a particular Jawan/Personnel or on transfer of a unit, loan under the scheme will get adjusted.)





LIC agents who receive regular commission from LIC of India and maintain accounts with our Branches are eligible for Personal Loan on the terms and conditions as under:


            I. Eligibility:              


LIC agents aged below 60 years with more than FIVE YEARS of agency, having regular and stable income and maintaining SF a/c with our branch. 


II. Income Criteria:  


Renewable Average Commission (average of the commission received during the preceding twelve months) must be at least Rs.10,000/- per month. (Form 16 issued by LIC reflects the renewal commission).


III. Maximum amount of loan:


Rs.2.00 lac or equivalent to 15 times of average monthly commission received during the preceding 12 months, whichever is lower.


IV. Rate of Interest: Base Rate + 5% 



      Upfront Fee                           1.80% + service tax

            Documentation charges     Rs. 2 lac: Rs.270+ service tax

            IV. Security:

i)          Suitable third party guarantee acceptable to the Bank and assignment of LIC policy of self, with sum assured equivalent to loan amount.                



ii)         Tangible Collateral Security of the value of 100% of loan amount. 


V. Repayment:


60 EMIs or upto 65 years of age of LIC agent, whichever is earlier. 

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