PNB Personal Loan Apply, Interest Rate 2023 - FastRead Info (2023)

How to get PNB Personal Loan – Punjab National Bank Personal Loan Apply, Eligibility, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.

friends today we Through this article, we will provide you information about the complete process of taking personal loan from Punjab Bank.

In this article we will know that Punjab National Bank Personal Loan What is it, how can we apply for this loan, up to how much loan amount we can get money, how much interest rate we have to pay on this loan, what are the documents and eligibility for this loan etc. That’s why you read this article till the end.

Article Menu

  • PNB Personal Loan
      • Key Features of PNB Loans
  • PNB Personal Loan Interest Rate 2023
    • Types of PNB Personal Loan
    • Benefits and Features of Punjab National Bank Personal Loan
    • PNB personal loan eligibility
      • Punjab National Bank Personal Loan Documents Required
  • How to apply for PNB Personal Loan ?
    • Punjab national bank personal loan apply online:
    • How to apply offline ?
    • How to check PNB Personal Loan status ?
    • PNB Personal Loan Pre-closure Process
    • PNB Personal Loan EMI Calculator
      • Punjab national bank personal loan customer care number
      • Compare Punjab National Bank Personal Loan with other Personal Loan
    • Conclusion:
    • FAQs on PNB Personal Loan
        • What loan amount can I get loan from Punjab National Bank ?
        • How can I check my PNB loan balance ?
        • How do I check the status of my PNB personal loan ?
        • What is the personal loan interest rate in Punjab National Bank ?

PNB Personal Loan

Before taking a PNB personal loan, we should know that Personal Loan What is As the name suggests, when we take a loan for any of our personal work, it personal loan or personal loan. If you need money immediately and you are not getting money from anywhere then you can apply for Punjab National Bank Personal Loan

Any person can take a personal loan for marriage, interest expenses, travel, medical expenses, education expenses etc. Personal Loan One special thing is that PNB Bank You do not have to give any reason for any kind of where you are going to use this loan amount. PNB Instant Personal Loan You can apply for both online and offline.

You must know that friends personal loan is a unsecured loan. You do not need to give collateral or security to take it. bank your CIBIL score Provides you personal loan on the basis of The better your CIBIL score is Punjab National Bank Personal Loan Approval will be done in less time. Both salaried person and self employed can apply for personal loan from Punjab Bank. You can apply online or offline for Punjab National Bank personal loan.

Key Features of PNB Loans

  • Loan Name: Punjab National Bank Personal Loan 2023
  • Bank Name: Punjab National Bank (PNB)
  • Loan Amount: ₹50,000 to ₹15 Lakh
  • Interest Rate: Starting from 8.95% pa
  • Loan Tenure: 12 to 60 months
  • Processing Fee : 1.8% + Tax
  • Bank official website: pnbindia.in
  • Learn here PNB Wiki

PNB Personal Loan Interest Rate 2023

If you are taking a personal loan from any bank in Agra, then you should keep in mind that how much interest rate that bank will charge for you. The interest rate of Punjab national bank personal loan starts from 8.95% per annum. Maximum The interest rate varies from time to time but generally it is up to 14.50%.

Before taking personal loan Personal Loan Interest Rate 2023 It is necessary to have information about If you apply for that loan without knowing the interest rate of the loan properly, then you may have to face difficulties at the time of repayment of the loan.

PNB Personal Loan Amount

First of all let us talk about how much loan amount you can get personal loan from PNB. You can get a personal loan from Punjab National Bank with a minimum of Rs 50,000 and a maximum of Rs 15 lakh. On the basis of your CIBIL score, you will be given the loan amount.

Also Read :- HDFC Car Loan - Interest Rate -How to Apply

Loan Tenure

Now it comes to how much time PNB bank gives you to repay the personal loan. This bank gives you 12 months to 60 months to repay the personal loan.

Types of PNB Personal Loan

Punjab Bank offers various types of personal loans. Following are the types of Punjab National Bank personal loan:

  • For Public
  • Loan Scheme For Doctor`s
  • For Pensioners

For Public:

The main objective of this loan is to provide financial assistance to the public for their personal needs. You can avail this personal loan to meet all your personal needs like medical treatment of self or any family member, marriage of self, son/daughter, education of wards, expenses of domestic or foreign travel etc. can take

Under this loan, you can take a loan up to 15 times of your Monthly Salary and can take a loan up to a maximum of Rs 10 lakh. The Prepayment Charges of this loan are zero.

Personal Loan Scheme For Doctor`s :

can take this personal loan to meet the expenses of professional / personal requirement. Under this loan, you can take a personal loan of minimum Rs 2 lakh and maximum up to Rs 15 lakh. You can take this loan up to 20 times your monthly income but your annual income should not be less than Rs.5 lakh. The Prepayment Charges of this loan are zero.

For Pensioners:

All pensioners can apply for personal loan from Punjab National Bank. The main purpose of this loan is to provide financial help to the pensioners. The person has to repay the loan till his age of 78 years.

Under this pension loan, the beneficiary can get a minimum loan of Rs 25,000.

Maximum loan amount:

  • On attaining the age of 70 years, maximum loan can be taken up to Rs 10 lakh.
  • A person between the age of 70 years to 75 years can take a maximum loan of Rs 7.50 lakh.
  • 75 years of age can take a maximum loan of Rs 5 lakh.

Punjab National Bank Personal Loan Fees & Charges

Friends, before taking a personal loan from the bank, we should keep many things in mind. One of these is the Fees & Charges on the loan. Here is information about Fees & Charges of Punjab National Bank Personal Loan, you can see it. The processing fee charged by Punjab National Bank on personal loan is 1.8% + tax.

For Public:

  • Processing Fees: 1.00% of the loan amount, for Defense personnel – Nil
  • Documentation Charges: Upto Rs. 2 lac – Rs. 270/-, Above Rs. 2 lac – Rs. 450/-, For Defense Personnel – Nil

Personal Loan Scheme For Doctor`s :

  • Processing Fees: 0.90% of the loan amount + Taxes
  • Documentation Charges: Rs.450+ Taxes

For Pensioners:

  • Processing Fees: Nil
  • Documentation Charges: Rs. 500/-

Benefits and Features of Punjab National Bank Personal Loan

  • You can take Punjab National Bank personal loan for your personal expenses like education, marriage, travel, medical expenses etc.
  • You can take loan from Rs.50,000 to Rs.15 lakh from PNB.
  • This personal loan But you have to pay processing fee of 1.8% + tax.
  • PNB gives 12 months to 60 months to repay the personal loan.
  • If you need money urgently and no one is helping you then you can apply for personal loan from this bank.
  • Punjab National Bank offers various types of personal loans.
  • PNB personal loan interest rate 2023 Starting at 8.95% per annum.
  • If you are among the existing customers of the bank, then you are provided a loan at a low interest rate.
  • You can apply for this loan by visiting the official website of the bank online or by visiting the offline bank.
  • Once you have applied for the loan, you can check the status of your application online or by visiting your nearest customer care center.
  • The minimum EMI of PNB Personal Loan comes to Rs.2073 per month. Which is calculated on the basis of longest loan tenure and lowest interest rate.
  • You can do EMI Calculator by visiting the official website of the bank.
  • Any person in the age group of 21 to 58 years can apply for this personal loan.
  • Punjab Bank does not charge you foreclosure and part prepayment charges on this loan.
  • All salaried person and self employed can apply for Punjab National Bank personal loan.
  • Salary should be Rs 30,000 to apply.
  • Bank provides this loan to you on the basis of your credit score.
  • PNB Personal Loan Your CIBIL score should be minimum 650 to take it.
  • If you are a salaried person ( salaried person) and your salary account is in this bank, then you get this loan with very few documents.
Also Read :- 200000 Loan On Aadhar Card Instant

PNB personal loan eligibility

As we told you that PNB offers many types of personal loans. The eligibility for different personal loans is also different. But there are some general eligibility which is applicable to all, they are as follows:

  • Applicant’s age should be between 21 to 58 years.
  • Your CIBIL score should be good then only you can get this loan.
  • The minimum monthly income of the applicant should be Rs.30,000.
  • Both salaried and self-employed people can apply for this Punjab National Bank Personal Loan.
  • To get the loan, you have to apply in it.

The eligibility based on the type of personal loan is as follows:

Eligibility for Public Personal Loan Scheme:

  • Permanent/Permanent employees of Central/State Government/Public Sector Undertakings with at least 2 years’ service including service with the previous employer, if any.
  • Another minimum 3 years’ service including service with previous employer, if any.
  • 60 years of age having agency of more than five years, having regular and stable income and having SF account with PNB Bank branch.

Eligibility of Personal Loan Scheme for Doctor:

  • Professionally qualified practicing / serving doctors like MBBS, BDS with annual income of Rs.5 lakh or more are eligible.
  • The doctors should be a taxpayer for the last two years.
  • should have continuous occupancy of at least 2 years at the current place of residence. (Not applicable in case of doctors who are employees of Government/Institutions etc. )

Eligibility of Personal Loan Scheme for Pensioners:

  • All types of pensioners who are getting pension can apply for this loan.

Punjab National Bank Personal Loan Documents Required

  • 2 passport size photographs
  • Identity Proof (Driving License, PAN, Passport, Voter ID, Aadhar Card)
  • Residential Address Proof (Registered Rent Agreement, Passport, Leave and Licence, Utility Bill for the last three months)
  • Income Documents ( copy of Form 16 for last 2 years, 3 months salary slip, 3 months bank statement showing salary credit and any EMI debits)
  • duly filled loan application form
  • age proof
  • educational qualification proof
  • Salaried: Latest salary slip and Form 16, duly attested by the employer
  • Non-salaried: IT returns for the last three financial years
  • Any other document which may be required as per the requirement of the case.

How to apply for PNB Personal Loan ?

Now it comes to how you can apply for PNB Personal Loan. If you have read this article completely then you must have come to know whether you are eligible for this loan or not. If you fulfill all the conditions of this loan, then you can apply for this loan by following the steps given below.

can apply for Punjab National Bank Personal Loan both online and offline. Both the process of applying are given below.

First of all let us know how we can apply online for this loan:

Punjab national bank personal loan apply online:

  • To apply online, you must first visit the official website of Punjab Bank pnbindia.in
PNB Personal Loan Apply, Interest Rate 2023 - FastRead Info (1)
  • After visiting the website, you will be on the home page personal loan An option will appear, click on it.
  • After clicking, the types of personal loan will open on the next page.
  • You have to click on the personal loan for which you want to apply.
  • After that you will see the option of apply now, click on it.
  • The application form will open in front of you on the next page.
  • You have to enter all the information asked in the form correctly and submit the form.
  • After that the bank official will contact you. Your documents and forms will be verified.
  • If you fulfill all the conditions then the loan amount will be transferred to your bank account.
Also Read :- How to get Bank of Maharashtra Home Loan 2023

How to apply offline ?

If you do not want to apply online then you can also apply offline. To apply offline, follow the steps given here:

  • First of all you have to go to your nearest branch of Punjab national bank.
  • By going to the bank, you have to tell the bank official that you want to apply for personal loan.
  • The bank official will provide you all the information related to personal loan.
  • If you agree to all the conditions, then the loan process will go ahead.
  • After that a form will be given to you.
  • You have to enter all the information asked in the form correctly, attach your documents and submit the form there.
  • documents and forms will be verified by the bank official.
  • If you are found eligible then the loan amount will be transferred to your bank account.

How to check PNB Personal Loan status ?

If you have applied for a personal loan and want to check the status of your application, then follow the steps given here:

  • First of all you have to visit the official website of Punjab National Bank pnbindia.in will have to go
  • website home page Online Services in option of Loan option will appear, click on it.
  • on the next page you Click Here to Check Your Application Status Click on this option will appear.
  • A form will open in front of you.
  • In this form you have to enter the required information and click on submit.
  • submit, you will get the status of your application.

PNB Personal Loan Pre-closure Process

Foreclosure if you prematurely close the loan by repaying the entire amount It is called If you make partial payment then it is called part payment. Foreclose your loan To do this, you can contact by visiting your nearest Punjab Bank branch. This bank will take loan from you pre-closure But does not take any charge.

PNB Personal Loan EMI Calculator

Before taking a loan, you should calculate the EMI so that you can find out whether you can easily repay the loan amount or not. The minimum EMI in Punjab Bank is Rs.2073. This calculation is based on the lowest rate and longer loan tenure.

can calculate EMI based on the table given below :

Loan Amount ( ₹ )interest rate (per annum)period of timeMonthly EMI
1 lakh9.95%1 year
2 years
3 years
4 years
5 years
8789
4612
3224
2534
2122
2 lakh12.50%1 year
2 years
3 years
4 years
5 years
17817
9461
6691
5316
4500
5 lakh13.25%1 year
2 years
3 years
4 years
5 years
44717
23830
16907
13476
11441
10 lakh13.75%1 year
2 years
3 years
4 years
5 years
89670
47895
34056
27201
23139

Punjab national bank personal loan customer care number

If you are facing any kind of problem in taking personal loan from Punjab Bank then you can contact Punjab National Bank Personal Loan customer care number. Customer care numbers are given to you here:

  • Toll Free No. 1800 180 2222 / 1800 103 2222
  • Tolled No. 0120-2490000
  • Landline: 011-28044907
  • Email ID: care[at] pnb [dot]co[dot]in
  • Balance enquiry (toll free from registered mobile ( 1800 180 2223) / missed call on toll number ( 01202303090) will give you account balance of your savings fund / current account)
  • For Credit Card Helpline: 1800 180 2345 or 0120-4616200

Compare Punjab National Bank Personal Loan with other Personal Loan

descriptionPunjab National BankHDFC BankRBL Bankaxis BankICICI BankBajaj Finserv
Rate of interestStarting at 8.95%10.75% to 21.50%14% to 23% p.a.12% to 24%Starting from 10.50%Starting from 13% p.a.
loan tenure12 to 60 months12 to 60 months12 to 60 months12 to 60 months12 to 60 months12 to 60 months
loan amount15 lakhs40 lakhs20 lakh rupees15 lakhs20 lakh rupees25 lakh
processing fee1.80% of loan amount + tax2.50% of the loan amount3.5% of the sanctioned loan amountof loan amount + GST2.25% of the loan amount + GST4.13% of the loan amount

Conclusion:

Friends, in this article we have provided you complete information about Punjab national bank personal loan. In this article you have learned how you can take PNB Personal Loan. You can also get loan information by calling the customer care number of the bank. If you want to get other information, then you can write to us in the comment. I hope you liked this article. If you liked this article, then you are requested to share this article with your friends.

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FAQs on PNB Personal Loan

What loan amount can I get loan from Punjab National Bank ?

You can get a personal loan from Rs 50,000 to Rs 15 lakh.

How can I check my PNB loan balance ?

You can check your loan balance by calling the bank’s contact number 1800 180 2222.

How do I check the status of my PNB personal loan ?

You can visit the official website of the bank pnbindia.in and track the status of your application.

What is the personal loan interest rate in Punjab National Bank ?

8.95% per annum.

FAQs

What is the personal loan interest rate in PNB? ›

Punjab National Bank offers personal loans at interest rates between 8.95% p.a. to 14.50% p.a. for salaried account holders. The interest rate depends on the loan amount the salaried individual wishes to avail and the profession of the applicant.

What is the applicable rate of interest on personal loan? ›

Personal Loan Interest Rate. The personal loan interest rates range between 7.90% p.a. and 49% p.a. Depending on the loan amount availed by you, your credit score, and repayment tenure, the rate of interest on your loan is decided.

What is the EMI for 2.5 lakhs personal loan? ›

The EMI for 1-year loan tenure at 11.99% is ₹17,769. For 2-year tenure is ₹9,414, 3-year tenure is ₹ 6,642, 4-year tenure is ₹ 5,266 and 5-year tenure is ₹4,448.

What is the EMI for 3 lakh personal loan for 5 years? ›

3 Lakh Personal Loan EMI for 1-5 Years Tenure. The EMI for Rs 3 lakhs personal loan for different loan tenure at 11.99% rate of interest are- 1 year- ₹ 26,653, 2 year- ₹ 14,121, 3 year- ₹ 9,963, 4 year- ₹ 7,899, and 5 year- ₹6,672.

What is the EMI for 5 lakh personal loan for 5 years? ›

EMI for Personal Loan of Rs 5 lakh for Tenures of 1-5 years
Loan Amount (Rs)Tenure (years)EMI (Rs)
5 lakh144,191
5 lakh223,304
5 lakh316,369
5 lakh412,923
1 more row

What is the EMI for 3 lakhs personal loan? ›

EMI for Personal Loan of Rs 3 lakh for Tenures of 1-5 years
Loan Amount (Rs)Tenure (years)EMI (Rs)
3 lakh213,982
3 lakh39,822
3 lakh47,754
3 lakh56,523
1 more row

Which type of loan interest rate is lowest? ›

Gold Loan interest rates range from 10% to 16% per annum on average. This is one of the reasons because of which a Gold Loan comes in the list of cheapest loans in India.

What is current interest rate? ›

On Tuesday, December 06, 2022, the current average rate for the benchmark 30-year fixed mortgage is 7.32%, up 15 basis points over the last week. If you're looking to refinance your current mortgage, today's national average rate for a 30-year fixed refinance is 7.30%, rising 15 basis points from a week ago.

How can I lower my personal loan interest rate? ›

4 Ways to Reduce Personal Loan EMIs
  1. Consider a step-down EMI plan. A step-down EMI plan is one in which your EMI payments decrease every year during the stipulated loan tenure. ...
  2. Make a part-prepayment. ...
  3. Opt for a Balance Transfer Loan. ...
  4. Avail of a Personal Loan Top-Up with lower interest rates.

What is the EMI for 4 lakhs? ›

EMI for Rs 4 lakh Personal Loan for Tenures of up to 5 years
Loan Amount (Rs)Tenure (years)EMI (Rs)
4 lakh218,643
4 lakh313,095
4 lakh410,338
4 lakh58,697
1 more row

What is the EMI for 7 lakh personal loan? ›

7 lakh on an annual interest of 14% for a tenor of two years, the EMI amount will be Rs. 33,609.

Can I repay personal loan early? ›

Yes, you can pay off a personal loan early, but it may not be a good idea. Select explains why. When it comes to paying down debt, you might have heard that paying off your balance as quickly as possible can help you save money in the long run. And this is often the case.

What is the EMI for 5 lakhs? ›

For Rs 5 lakh personal loan, the EMI for 1-year loan tenure at an 11.99% rate of interest per annum is ₹ 44,442, 2-year tenure is ₹ 23,534, 3-year tenure is ₹ 16,605, 4-year tenure is ₹ 13,164 and 5-year tenure is ₹11,120.

How is 12 month EMI calculated? ›

The formula to calculate EMI: E = P x r x ( 1 + r )n / ( ( 1 + r )n - 1 ) where E is EMI, P is Principal Loan Amount, r is monthly rate of interest (For eg. If rate of interest is 14% per annum, then r = 14/12/100=0.011667), n is loan duration in number of months.

Can I repay my personal loan in 6 months? ›

Borrowers may be allowed to foreclose or prepay their loan 6 months after the date it has been disbursed, without any prepayment penalty. A charge of 2.5% + GST will be levied on any prepayment amount that is over 25% of the principal due.

What is the EMI for 2 lakhs personal loan? ›

The EMI amount will vary on the interest rate and repayment tenor. For instance, if you apply for Rs. 2 lakh personal loan for a tenor of three years at 13% interest, you will need to pay an EMI of Rs. 6,739.

What is EMI of 1 lakh personal loan? ›

1 lakh personal loan. For instance, your personal loan EMI for Rs. 1 lakh loan for two years at an interest rate of 13% would be Rs. 4,754.

What is the interest of 1 lakh? ›

Monthly Payout
Investment amountCumulative interest for 5 yearsMaturity amount
1 lakhRs. 34,850Rs. 1,34,850
5 lakhRs. 1,74,250Rs. 6,74,250
10 lakhRs.3,48,500Rs.13,60,500
15 lakhRs. 5,40,750Rs. 20,22,750
1 more row

What is the EMI of 50000? ›

Calculated Monthly EMI for 50000 of loan amount for 3 years at various rate of Interest
Loan AmountRate of InterestPer Month EMI
5000014.00%Rs. 1,709
5000015.00%Rs. 1,733
5000016.00%Rs. 1,758
5000018.00%Rs. 1,808
1 more row

What is EMI of 9 lakh? ›

9 lakh for a tenor of five years at the annual interest rate of 16%, your EMI will stand at Rs. 25,506, and the total interest payable will be Rs. 3,24,305.

What will be the EMI for 6 lakhs? ›

Emi Calculated on 8.10% .
Monthly Payment (EMI)Total Interest Payable in 20 yearsTotal Payment (Principal + Interest) after 20 years for 6 Lakh of loan amount
Rs.5,056Rs.6,13,451Rs.12,13,451
7 Sept 2015

Which type of loan is interest free? ›

As its name suggests, a zero-interest loan is one where only the principal balance must be repaid, provided that the borrower honors the rigid deadline by which the entire balance must be satisfied. Failure to comply with the deadline carries hefty penalties.

Will personal loan rates increase? ›

Key Takeaways. The cost of borrowing via personal loan has increased throughout 2022, reaching pre-pandemic levels. Some existing personal loans may be affected, but for the most part, new borrowers will bear the brunt of rising costs.

How do I calculate interest? ›

Here's the simple interest formula: Interest = P x R x T. P = Principal amount (the beginning balance). R = Interest rate (usually per year, expressed as a decimal). T = Number of time periods (generally one-year time periods).

Why are interest rates higher today? ›

Interest rates are going up because of the rise in inflation. The Federal Reserve raises interest rates to try to slow down economic growth, bringing inflation back to ideal levels.

How long will high interest rates last? ›

However, many industry experts believe within 18 to 24 months rates will be back to a more 'palatable' level. Somewhere like 2.5% to 3.5% for example. We can't expect rates to reduce as low as what we have been seeing in recent years, which in the industry we refer to as 'covid low' rates.

Will the interest rate go down? ›

When Will Interest Rates Go Down? We expect the Fed will pivot to easing monetary policy in mid-2023 as inflation falls back to its 2% target and the need to shore up economic growth becomes a top concern. The full analysis is detailed in our 2022 U.S. Interest Rate & Inflation Forecast. Interest-rate forecast.

Can I reduce personal loan EMI? ›

Choose the right loan tenure

The longer the period of repayment, the lower the EMI you need to pay. Now, do note that a longer tenure may see you pay more in terms of interest. If you want to save on interest paid to the lender, you will need to choose a shorter tenure with larger EMIs.

Can I increase personal loan EMI? ›

Yes, you can pay more than the regular EMI. The excess amount will not only decrease your principal outstanding, but also reduce your interest burden. You can pay one extra EMI (than the usual number of EMIs) every year. This is an effective way to reduce your loan tenure, and in turn to lower the interest cost.

Which loan is best flat or reducing? ›

Flat Interest Rate

The financial organization decides on the repayment schedule and decides the EMIs payable by the borrower. It also keeps the total repayment liability fixed for a borrower and helps plan finance beforehand. Flat interest rates effectively remain higher than reducing rates.

What is a 10% interest? ›

The bank wants 10% interest on it. To calculate interest: $100 × 10% = $10. This interest is added to the principal, and the sum becomes Derek's required repayment to the bank one year later. $100 + $10 = $110.

What is the interest for 7 lakhs? ›

Formula of Calculation of EMI
Loan amountInterest RateEMI per month
2 Lakh12.50%Rs. 5,316
4 Lakh14.00%Rs. 9,307
5 Lakh12.00%Rs. 9,775
7 Lakh13.00%Rs. 14,052

What is the EMI for 1.5 lakhs? ›

Calculated Monthly EMI for 1.5 lakh of loan amount for 3 years at various rate of Interest :
Loan AmountRate of InterestPer Month EMI
1.5 lakh14.00%Rs. 5,127
1.5 lakh15.00%Rs. 5,200
1.5 lakh16.00%Rs. 5,274
1.5 lakh18.00%Rs. 5,423
1 more row

What is the EMI for 10 lakhs personal loan? ›

For example, a personal loan of Rs. 10 lakh at the interest rate of 14% rate for a repayment tenor of two years will bring an EMI of Rs. 48,013.

What is the EMI for 8 lakh loan? ›

8 lakh as a personal loan at the interest rate of 15% for a repayment tenor of four years, you will need to pay Rs. 22,265 as EMI.

What is the eligibility for 5 lakh personal loan? ›

Eligibility Criteria for Rs. 5 Lakh Personal Loan
Income and Credit Score Eligibility Criteria*
Salaried IndividualsMinimum In-Hand IncomeCIBIL Credit Score Requirement
Self-Employed IndividualsRs. 15,000CIBIL Score of 600 /Experian Score of 650 and above
3 more rows

How can I clear a loan quickly? ›

Debt Consolidation

Consolidate all your debt into a single amount to ensure you don't lag behind. For example, if you have a personal loan, a car loan and overdue credit card bills, consolidate all of them in one singular loan and pay the loan amount every month at one fixed rate of interest.

How can I pay my loan faster? ›

5 Ways To Pay Off A Loan Early
  1. Make bi-weekly payments. Instead of making monthly payments toward your loan, submit half-payments every two weeks. ...
  2. Round up your monthly payments. ...
  3. Make one extra payment each year. ...
  4. Refinance. ...
  5. Boost your income and put all extra money toward the loan.

Can I close my personal loan before 1 year? ›

Personal loan pre-closure: A personal pre-closure is basically when the borrower decides to close the personal loan before the set tenure. In most cases, the borrower can opt for a personal loan pre-closure after a year or payment of a minimum of 12 EMIs.

What is the EMI for 3 lakh car loan? ›

For a 3 lakh car loan, the EMI will vary with the interest rate and the loan tenure. For instance, if the rate of interest is 5%, then for a tenure of 5 years, the EMI will be Rs. 5,661. For an interest rate of 7% and tenure of 6 years, it will be 5115.

How much loan can I get on my salary of 15000? ›

Borrowers with a salary of Rs. 15,000 can readily obtain modest cash loans starting from Rs. 50,000 – Rs. 1,50,000.

Can I get 15 lakh personal loan? ›

Consumers can avail personal loans for loan amounts of Rs 15 lakh at interest rates starting from 10.49% p.a. for tenures of up to 5 years. Eligible applicants can also avail pre-approved instant personal loans offered by some banks/NBFCs to their select customers.

What is EMI per month? ›

An equated monthly instalment (EMI) is a set monthly payment provided by a borrower to a creditor on a set day, each month. EMIs apply to both interest and principal each month, and the loan is paid off in full over some years.

What is the EMI of 12 lakhs? ›

EMI for an Rs. 12 lakh home loan for 20 years
Loan AmountRs. 12 lakh
Interest Rate8.30%*
Tenor20 Years
EMIRs. 10,262

What is no cost EMI for 12 months? ›

What does no-cost EMI mean? A no-cost EMI is an offer where you can pay for a product or service in affordable monthly installments with zero interest on your chosen tenure. This means that you are only paying for the total price of the product, with no interest charges.

Do personal loans expire? ›

Generally, the statute of limitation for most consumer debts arising from written contracts in California expires after four years. This includes credit card debts, auto loans, personal loans, private student loans, and medical debts.

How long can a loan be interest free? ›

Some providers offer an interest-free period of up to 20 months. Once the 0% period is up, you'll then be charged the provider's standard APR – typically around 20%. However, deals with the longest interest-free period only tend to be offered to customers with an excellent credit rating.

Can you skip a month of loan payment? ›

Some lenders offer loan forbearance in times of crisis. A forbearance gives you a temporary pause on payments while you are experiencing hardship. You'll have to contact your lender directly to request a forbearance because in most cases, this is not something that a lender will automatically offer or grant.

What is the interest rate of PNB per month? ›

Domestic term deposits (Rs 2 crore and above) interest rates revised w.e.f. 17.11.2022
Domestic/NRO $ TD Rs.2 Cr. To 10 Cr.
PNB Uttam (Non Callable) Fixed Deposit Scheme
7271 days to less than 1 year5.65
81 year6.80
9above 1 year to 599 days6.55
12 more rows

Which bank is lowest interest for personal loan? ›

Banks offering lowest personal loan interest rates
BANKSPersonal Loan AmountRoI (%)
IDBI Bank>=25000 and <=5 Lacs8.90% - 14.00%
Punjab National BankUpto 10 Lacs9.35% - 15.35%
Indian Bank>=50000 and <=5 Lacs9.40% - 9.90%
Karur Vysya BankUpto 10 Lacs9.40% - 19.00%
1 more row
24 Jun 2022

Does PNB have personal loan? ›

Punjab National Bank offers three personal loan schemes with interest rates starting at as low as 8.90% p.a. and attractive repayment terms. Interest Rate – 8.90% p.a. - 14.45% p.a.

What is the EMI for 1.5 lakhs personal loan? ›

Calculated Monthly EMI for 1.5 lakh of loan amount for 3 years at various rate of Interest :
Loan AmountRate of InterestPer Month EMI
1.5 lakh14.00%Rs. 5,127
1.5 lakh15.00%Rs. 5,200
1.5 lakh16.00%Rs. 5,274
1.5 lakh18.00%Rs. 5,423
1 more row

Which bank gives 7% interest monthly? ›

Equitas Small Finance Banks offers interest rates between 3.50% and 7% on various amounts. The interest rates with the Equitas Small Finance Bank are provided below, effective as of November 9, 2022. Jana Small Finance Bank offers interest rates between 4.50% to 7% on various amounts.

What is the interest of 1 lakh in PNB? ›

For example, if you invest Rs.1 lakh for a period of 2 years in a PNB FD scheme at the rate of 5.10% per annum, with an annual compounding frequency, the total maturity value will be Rs.1.1 lakh. The total interest earned out of the term deposit scheme will be Rs.0.1 lakh.

What is the interest for 1 lakh for 1 month? ›

FD Monthly Interest Pay-out for Deposits of Rs 1 lakh
FD AmountInterest Rates (p.a.)Monthly Interest for Rs 1 lakh FD
Rs 1 lakh6.50%Rs 541.66
Rs 1 lakh7.00%Rs 583.33
Rs 1 lakh7.50%Rs 625
Rs 1 lakh8.00%Rs 666.66
9 more rows
10 Nov 2022

Can personal loans be interest free? ›

Personal loans that truly charge no interest are rare, but there are some lenders that offer them. For instance, certain universities provide emergency student loans that come with 0% APR. There are also some nonprofits and local organizations that offer interest-free loans where you pay back only what you borrow.

Are there any 0% personal loans? ›

No major lenders offer 0% APR personal loans. A personal loan is a type of loan that allows the borrower to do whatever they wish with the funds. Personal loan interest rates range from 6% to 36%, for the most part.

Is there any loan without interest? ›

Also known as a “zero-interest loan,” this is a loan where you are not required to pay any interest. You only have to repay the principal amount.

Which bank provides fast loan? ›

HDFC Bank offers pre-approved loans to customers in 10 seconds flat*. Non – HDFC Bank customers can get loans in 4 hours.

What is minimum limit of personal loan? ›

Personal loan amounts range from Rs. 50,000 up to Rs. 50 lakhs. The loan amount is determined based on factors like your age, income, credit score and job type.

How much loan can I get PNB? ›

Personal loan limit would be determined by income and repayment capacity. Up to 15 times of Gross Monthly Salary with a maximum of Rs. 10.00 Lakh depending upon the repaying capacity.

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