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Punjab National Bank

Punjab National Bank (PNB) is a multinational bank having an Indian origin which has been providing financial services for over a century. The bank was founded in the year 1894, is a state-owned corporation based in the capital of the country –New Delhi. The bank operates through a strong network of more than 6300 branches and 7900 ATM spread over 764 cities across the country serving more than 80 million satisfied customers.
Punjab National Bank (PNB) along with SBI, ICICI, BOB is one of the “Big Four Banks” in India. The bank ranks as the third largest bank in terms of the assets owned by the bank. The bank bagged IBA Banking technology awards in the year 2015 and also has been graded as the 248 largest bank in the world by Bankers' Almanac. Punjab National Bank also has its branches internationally along with its banking subsidiary in UK which is known as PNB International Bank – having 7 branches in UK; whereas the international branches are located in Hong Kong, Dubai, Kowloon and Kabul. The bank operates its representative offices in Sydney in Australia, Dubai in UAE, Almaty in Kazakhstan, Shanghai in China, and Oslo in Norway. Even in Bhutan the bank owns Drug PNB Bank having a ownership of 51 % in the bank along with 5 branches. In Nepal the bank owns 20% of Everest Bank Limited which has around 50 branches in Nepal. PNB owns 84% of JSC (SB) PNB bank in Kazakhstan which further has 4 branches in the country.

Loan Products of the bank includes

• Housing loan scheme which is PNB flexible housing loan scheme – private builders approved project on PAN India Basis.

• Car Finance – Retail Tie- up

Education Loans include

"PNB Saraswati" which is an education loan scheme for availing education loan in India

"PNB Pratibha” which is an education loan scheme for availing education in the premier institutes in India

"PNB Udaan" which is an education loan scheme for availing higher studies in abroad

"PNB Kaushal" which is a loan scheme for availing Skill Development Courses.

"PNB Honhaar" a tailor made scheme for availing education in the capital –Delhi

"Concessional Education Loans" for people with disabilities (PwD)

"Padho Pardesh" which is a specialized loan scheme for encouraging and giving opportunity to students from minority communities.

Two wheeler Loans

"PNB Saarthi” which is a Two wheeler loan Scheme

"PNB Power Ride” which is a two wheeler loan scheme specially designed for women borrowers

• Loan against Property which is a loan scheme where you can avail loan against your property (Residential/ Commercial / Plots, etc)

• Personal loan schemes to meet the immediate financial requirements such as weddings, vacations, travelling, or any other urgent situation etc.

• Personal Loan Scheme for Pensioners is a loan scheme designed for the customers who are drawing pension and need a financial assistance.

• PNB Bhagbhan which is a reverse mortgage scheme for senior citizens

• Gold Loan which is a loan that can be availed against your gold or jewellery

• MSME loans include

• Term Loan

•Working capital loan

•Composite Loan

"Pardhan Mantri Mudra Yojna"

• Agriculture Loans – for financing dairy farming, setting up bio gas units, carrying out irrigation activities, piggery development, sericulture, apiculture (also known as bee-keeping), sheep farming, for setting up Solar energy harnessing units, spawn production, mushroom cultivation, setting up of clinics and agribusiness set-ups, development of horticulture, setting up green-house, purchase of agriculture equipments – harvesters, tractors, second hand equipments and tractors, etc.

• Corporate Loans which includes loan against future lease rentals.

• Professional Loans – for doctors, architects, CA and CS

Eligibility and Documents for Salaried

Products Documents list Eligibility criteria and locations
Home Loan
  1. As per the Bank Requirements
Individuals or Joint owners Location for Funding - All over India
Car Loan
  1. As per the Bank Requirements
For private use only: Individuals. Business concerns (corporate or non-corporate). Minimum net monthly salary / pension/ income - Rs.20000/-. Income of Parent(s)/Spouse/ Earning Children can be added for determining loan amount/eligibility. Location for Funding - All over Indian
Education Loan
  1. As per the Bank Requirements
Should be an Indian national. Should have secured admission to a higher education course in recognized institutions Abroad through Entrance Test/ Merit Based Selection process after completion of HSC(10 plus 2 or Equivalent Location for Funding - All over Indian
2 Wheeler Loan
  1. As per the Bank Requirements
• Existing PNB customers with at least 6 months satisfactory transactional record OR new customer with satisfactory track record of last one year with other Bank/FI in the age group of 18 years and 60 years holding a valid driving licence. • Salaried individuals drawing salary from our bank or under check off facility from the employer. • Students, 18 years and above till gainfully employed, with salaried parent as co-borrower drawing salary from our bank; • Business concerns (Corporate or non –corporate Location for Funding - All over India
Loan Against Property
  1. As per the Bank Requirements
Personal Needs: Employees of Central/ State Govt./ Schools/ Colleges/ Public Sector Undertakings (PSUs)/ Reputed Corporates and Other Income Tax Assesses, who are below the age of 60 years. Business Enterprise : Existing customers with a satisfactory track record of three years (cash profits during last three years and net profit in the immediately preceding year) For salaried and other income tax assesses: Minimum net monthly salary of Rs.10,000/- for last three years (salaried class) or minimum net annual income of Rs.1,20,000/- (for other income tax assesses). For Business Enterprises: Minimum Net annual income/ Net Profit of Rs.120000/- and above. Location for Funding - All over India
Personal Loan
  1. As per the Bank Requirements
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 within next 24 months, may not be entertained. 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. Professionally qualified practicing Doctors viz., MBBS, BDS & above having annual income of Rs.4.00 lac and above. Doctors should be taxpayers for the last three years. Location for Funding - All over India
  1. As per the Bank Requirements
ll individual / proprietors borrowers to meet the personal/agricultural/business requirements of Individuals, Business entities, etc Location for Funding - All over India

Fees and Charges for Salaried

Products Fees and Charges
Home Loan 1. Rate of interest : 9.60% {Floating rate) 10.10%{Fixed rate
2. Processing Fees:0.50% to 50,000/-
3. Documentation Charges: Wavied till 31.12.2015
Car Loan 1.Rate of interest: 9.85% to 10.10% depending on the category of customers.
2. Prepayment Charges: Nil
Education Loan 1. Rate of Interest: 9.60% to 12.60% depending on the loan amount.
2. Processing fees: 1% to min 10,000/-(refundable amount)
3. Documentation Charges: 270/- to 450/- depending on the loan amount.
Loan Against Property 1.Rate of Interest : 11.25% to 15% depending on the tenure
2. Processing Fees:0.90% to max 45,000/-
3. Documentation Charges: 1500/-
4. Prepayment Charges : Nil
Personal Loan 1.Rate of Interest: 12.60 % to 15.60% depending on the loan amount
2. Processing Fees: 1.80%
3. Documentation Charges: Wavied till 31.12.2015
4. Prepayment Charges : Nil
1. Rate of Interest: 11.10% to 12.10% depending on the purpose of availing loans
2. Processing fees: 0.70% + S.T
3. Documentation Charges: 270/- to 450/- depending on the loan amount.
4. Prepayment Charges : Nil

FAQs for Salaried

1. What is the quantum of finance for Home Loan?
Ans. For Construction/Additions/Purchase of House/Flat: Need based loan depending upon the project cost and repaying capacity. For purchase of Land/ Plot for House Building: Maximum Rs.100 lacs for State Capitals and Metro and Rs. 50 lacs for other centers; (Higher amount may be considered on individual merit of case) For repairs / renovation / alterations: Maximum Rs.25 lac. Cost of furnishing may be included in the project cost with maximum upto 10% of eligible Housing loan with a maximum upto Rs.5.00 lac.
2. What is the repayment period for Home Loan?
Ans. Loan for carrying out repairs/ renovation / alterations to the house/flat: Max.15 years inclusive of moratorium period, if any. Loan for Others: Max. 30 years inclusive of moratorium period
3. What is the quantum of loan for Car loan?
Ans. For individuals/Proprietorship concerns: Rs.25 lac or 25 times of Net Monthly Salary / Pension/ Income, whichever is lower. Loans for higher amount may be considered on merits of the case. For Business Concerns (Corporate or Non-Corporate): No ceiling of loan amount (for one or more vehicles).
4. What is the repayment period Car loan?
Ans. For New Car/Van/Jeep/MUV/SUV: 84 EMIs For Old Car/Van/Jeep/ MUV/SUV: 60 EMIs
5. What is the security clause for Car loan?
Ans.Vehicle purchased to be hypothecated to the bank.
6. What is the quantum of loan for Two Wheeler loan?
Ans.It depends on the need of the customer.
7. What is the repayment period for Two Wheeler loan?
Ans. For Scooter and Motorcycle – 60 EMIs For Scooter – 30 EMIs For Mopeds – 24 EMIs Maximum Permissible deductions – 40% to 60% of Net monthly salary/ income
8. What is the margin of loan for Educational Loan ?
Ans. Up to Rs. 4 lac - NIL Above Rs. 4 lac - 15% Scholarship/ assistantship be included in margin. Margin may be brought-in on year-to-year basis as and when disbursements are made on a pro-rata basis.
9. What months can be the maximum period for Educational Loan?
Ans.Maximum period of 72 months
10. What primary security is to be provided for Educational Loan?
Ans. Up to Rs. 4 lac: Parent(s)/guardian as a joint borrower(s). Above Rs. 4 lac and up to Rs. 7.50 lac: Besides the parent(s)/ guardian executing the documents as joint borrower(s), collateral security in the form of suitable third party guarantee. Above Rs.7.50 lac: Parent(s)/ guardian as a joint borrower(s). Tangible collateral security of suitable value acceptable to bank along with the assignment of future income of the student for payment of installments. Repayment
11. What is the quantum of finance for Loan Against Property?
Ans. For Personal needs: Rs 1.00 lac to Rs 5.00 lac. For Business needs : Rs. 5.00 lac to Rs. 500.00 lac
12. What months can be the maximum period for Loan Against Property?
Ans. Loan amount together with interest to be repaid in maximum 120 Equated monthly installments (EMI) OR up to the age of 65, whichever is earlier.
13.What primary security is to be provided for Loan Against Property?
Ans.Equitable Mortgage of the unencumbered residential House/Flat or commercial or industrial property (in the shape of building/ Industrial Shed) self occupied or vacan.
14. What is the quantum of finance for Personal loan?
Ans. • 50,000/- to maximum For All borrowers: Rs. 4,00,000 or 20 times monthly net salary whichever is lower subject to minimum Net monthly salary as under: Metro Centres : Rs.15000/- Urban Centres : Rs.12500/- Semi- Urban/ Rural Centres : Rs.10000/- And Rs. 5,00,000/- or 20 times monthly net salary whichever is lower for those Salaried persons having completed service of 3 years in the present organization & drawing net monthly salary of not less than Rs.30,000/- p.m. • For employees drawing salary through our bank and completed 3 years of service in the present organization: Max. Rs.10 lac or 20 times of Net monthly salary for loan upto Rs.5 lac and 15 times of Net monthly salary for loan above Rs.5 lac and upto Rs.10 lac.
15. What months can be the maximum period for Personal loan?
Ans.60 months

Eligibility and Documents for Self Employed

Products Documents list Eligibility criteria and locations
Home Loan
  1. As per the Bank Requirements
Individuals or Joint owners Location for funding- All over India
Car Loan
  1. As per the Bank Requirements
For private use only: Individuals. Business concerns (corporate or non-corporate). Minimum net monthly salary / pension/ income - Rs.20000/-. Income of Parent(s)/Spouse/ Earning Children can be added for determining loan amount/eligibility. Location for Funding - All over India
Education Loan
  1. As per the Bank Requirements
Should be an Indian national. Should have secured admission to a higher education course in recognized institutions Abroad through Entrance Test/ Merit Based Selection process after completion of HSC(10 plus 2 or Equivalent Location for Funding - All over Indian
2 Wheeler Loan
  1. As per the Bank Requirements
• Existing PNB customers with at least 6 months satisfactory transactional record OR new customer with satisfactory track record of last one year with other Bank/FI in the age group of 18 years and 60 years holding a valid driving licence. • Salaried individuals drawing salary from our bank or under check off facility from the employer. • Students, 18 years and above till gainfully employed, with salaried parent as co-borrower drawing salary from our bank; • Business concerns (Corporate or non –corporate Location for Funding - All over India
Loan Against Property
  1. As per the Bank Requirements
Personal Needs: Employees of Central/ State Govt./ Schools/ Colleges/ Public Sector Undertakings (PSUs)/ Reputed Corporates and Other Income Tax Assesses, who are below the age of 60 years. Business Enterprise : Existing customers with a satisfactory track record of three years (cash profits during last three years and net profit in the immediately preceding year) For salaried and other income tax assesses: Minimum net monthly salary of Rs.10,000/- for last three years (salaried class) or minimum net annual income of Rs.1,20,000/- (for other income tax assesses). For Business Enterprises: Minimum Net annual income/ Net Profit of Rs.120000/- and above. Location for Funding - All over India
Personal Loan
  1. As per the Bank Requirements
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 within next 24 months, may not be entertained. 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. Professionally qualified practicing Doctors viz., MBBS, BDS & above having annual income of Rs.4.00 lac and above. Doctors should be taxpayers for the last three years. Location for Funding - All over India
  1. As per the Bank Requirements
ll individual / proprietors borrowers to meet the personal/agricultural/business requirements of Individuals, Business entities, etc Location for Funding - All over India

Fees and Charges for Self Employed

Products Fees and Charges
Home Loan 1. Rate of interest : 9.60% {Floating rate) 10.10%{Fixed rate
2. Processing Fees:0.50% to 50,000/-
3. Documentation Charges: Wavied till 31.12.2015
Car Loan 1.Rate of interest: 9.85% to 10.10% depending on the category of customers.
2. Prepayment Charges: Nil
Education Loan 1. Rate of Interest: 9.60% to 12.60% depending on the loan amount.
2. Processing fees: 1% to min 10,000/-(refundable amount)
3. Documentation Charges: 270/- to 450/- depending on the loan amount.
Loan Against Property 1.Rate of Interest : 11.25% to 15% depending on the tenure
2. Processing Fees:0.90% to max 45,000/-
3. Documentation Charges: 1500/-
4. Prepayment Charges : Nil
Personal Loan 1.Rate of Interest: 12.60 % to 15.60% depending on the loan amount
2. Processing Fees: 1.80%
3. Documentation Charges: Wavied till 31.12.2015
4. Prepayment Charges : Nil
1. Rate of Interest: 11.10% to 12.10% depending on the purpose of availing loans
2. Processing fees: 0.70% + S.T
3. Documentation Charges: 270/- to 450/- depending on the loan amount.
4. Prepayment Charges : Nil