Punjab National Bank offers Personal Loan Scheme for Pensioners to provide financial assistance to the public drawing pension through PNB

Personal Loan Scheme for Pensioners

Purpose -
To meet personal needs including medical expenses.

Eligibility
All types of pensioners drawing pension through their 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

Rate of Interest
MCLR+2.60%

Processing Charges/ Upfront fee - NIL

Documentation Charges -
Rs. 500+ service tax

Repayment (Maximum)
Maximum 60 EMIs.

In respect of pensioners above the age of 75 years: Maximum 24 EMIs.

Customer Care Division-

Toll Free No.
1800 180 2222
1800 103 2222
Tolled No. 0120-2490000
Landline :011-23714562