Personal Loan Scheme for Pensioners

Objective To provide financial assistance to the public drawing pension through PNB
Purpose To meet personal needs including medical expenses.
Eligibility All types of pensioners drawing pension through our branches
Quantum of Finance

Minimum Rs.25,000/-

Maximum Loan amount:

  • Age upto 70 years: Rs. 10,00,000/- (Rupees Ten lac only) OR 18 times of net monthly Pension (For Defence pensioners, 20 times net monthly pension), whichever is lower.
  • Age above 70 years and upto 75 years: Rs 7.50 lac OR 18 times their net monthly Pension (20 times in case of Defence Pensioners), whichever is lower;
  • Age above 75 years: Rs. 5.00 lac OR 12 months of pension amount, whichever is lower.
Margin NIL
Security Guarantee of spouse eligible for family pension to be obtained OR guarantee of earning children (preferably Govt Employee) OR third party guarantee with net means equal or more than loan amount, acceptable to the Bank.
Repayment (Maximum)

Term Loan: - Maximum 60 equal monthly installment or up to the age of 78 years whichever is earlier.

Over Draft: - Maximum 60 months or up to the age of 78 years whichever is earlier on monthly reducing DP basis.

Rate of Interest Click Here
Processing Charges/ Upfront fee Click Here
Documentation Charges Click Here

Above are only salient features of the scheme. For details please contact nearest branch

  • Rewarded


    Earn reward points on transactions made at POS and e-commerce outlets

  • Book your locker

    Book your locker

    Deposit lockers are available to keep your valuables in a stringent and safe environment

  • Financial Advice?

    Financial Advice?

    Connect to our financial advisors to seek assistance and meet set financial goals.

  • ATM & Branch Network

    ATM & Branch Network

    Find PNB Branches and ATMs in proximity to your location.

back to top