If you need urgent funds for any financial requirement and your annual income is not up to the eligibility of the loans then you can take personal loans from Punjab National Bank. It provides loans to the customer with a suitable loan eligibility criteria at a minimum annual income. To know the personal loan eligibility criteria of Punjab National Bank read the given article.
Eligibility criteria for PNB personal loan
To avail the PNB personal loan your minimum age must be 21 years and above whether you are a salaried or self-employed individual. The minimum net income of the salaried individual for the personal loan for salary 10000 is required by the bank. On the other hand, self-employed people must have a minimum INR 20,000 monthly income for PNB personal loan. The personal loan interest rate depends on the bank repo linked lending rate (RLLR). The current RLLR of Punjab National Bank is 7.80%. And if the applicant has a good CIBIL score with a clear repayment track record then the bank can provide a lower interest rate on the borrowed amount.
Take Personal loan for salary 10000 from Punjab National Bank
You don’t need to be worried if your salary is less than 15,000 because the Punjab National Bank provides you a personal loan for a salary 10000. To apply for the personal loan from Punjab National Bank you need to visit the bank official website or nearest branch. After that fill the loan application form and submit some necessary documents like Aadhar card, Pan card, salary slip, bank statement, income tax return report and address proof. If you meet the personal loan eligibility criteria then your loan application gets instant approval from the bank and the amount would be disbursed in your account.
Pay the applied charges for PNB personal loan and get instant loan sanction
The bank also charges a processing fee from the customer for the borrowed amount and some other charges. You need to submit 1.80% of your borrowed as a processing fee to the bank for the personal loan amount. You can pay the borrowed amount in monthly loan installments using ECS, PDCs, NACH or auto-debit payment methods. The personal loan interest rate is fixed and if you take the loan under the check-off facility the charged interest rate is RLLR+5.70% otherwise 6.70%.
So, apply for the personal loan now by submitting all the documents and necessary fees for the loan and satisfy your fund requirements. You can use the loan amount to plan a family vacation or to manage the wedding expenses. And if you want to compute the EMI of your borrowed amount then you can use the PNB EMI calculator for instant calculation. You can pay your loan EMI in maximum 60 months and can prepay the loan outstanding amount with zero prepayment charges. Now, visit your nearest Punjab National Bank and apply for a personal loan for instant sanction and disbursal of the loan amount and fulfill your money requirement.