Punjab National Bank Pension Loan Features

PNB Pension Loan Interest Rate	9.55%
PNB Pension Loan Processing Fee	Nil
PNB Pension Loan Tenure	Up to 5 years
PNB Pension Loan Amount Minimum	Rs. 25,000
PNB Pension Loan Amount Max	Rs. 10lakhs
PNB Family Pension Loan Amount Minimum	Rs. 2.5lakhs
PNB Family Pension Loan Amount Max.	Rs. 7.5lakhs
PNB prepayment	3% of the loan amount
PNB foreclosure	3% f the loan amount

Punjab National Bank Pension Loan Eligibility

In Punjab National Bank all type of Pensioners is eligible who have their pension account with any of the bank branches.

Punjab National Bank Pension Loan Eligibility for Central and State Government Pensioners

Eligibility Criteria	Key Features
Employer Type	Central and State Government
Applicant’s Age	Below 70 years of age
Account Type	Pension payment order maintained by Bank
Treasury Terms	Written consent from the treasurer not to accept any pension transfer requests
Guarantee Terms	By the spouse (eligible for a family pension) or any other third party

Punjab National Bank Pension Loan Eligibility For Defence Pensioners

Eligibility Criteria	Key Features
Employer Type	Armed Forces, Paramilitary Forces, Coast Guards, Rashtriya Rifles, Assam Rifles
Applicant’s Age	Below 76 years of age
Account Type	Pension payment order maintained by Bank
Treasury Terms	Not applicable
Guarantee Terms	Not applicable

Punjab National Bank Pension Loan Eligibility For Family Pensioners

Eligibility Criteria	Key Features
Employer Type	Central and State Governments including all Armed Forces
Applicant’s Age	Below 76 years of age
Account Type	Pension payment order maintained by Bank
Treasury Terms	Not applicable
Guarantee Terms	Authorised members of the family under the family pension scheme

Maximum Eligible Loan Amount and repayments

For Central and State Government Pensioners:

Age	Max Loan Amount (18 months Pension or Less)	Repayment Period	Age at the time of full Repayment
Below 72 years	₹ 14.00 Lakh	60 months	Up to 77 years
72 – 74 years	₹ 12.00 Lakh	48 months	Up to 78 years
74 – 76 years	₹ 7.50 Lakh	24 months	Up to 78 years

For Defense Pensioners:

Age	Max Loan Amount (18 months Pension or Less)	Repayment Period	Age at the time of full Repayment
Below 56 years	₹ 14.00 Lakh	84 months	Up to 63 years
56 – 72 years	₹ 14.00 Lakh	60 months	Up to 77 years
72 – 74 years	₹ 12.00 Lakh	48 months	Up to 78 years
74 – 76 years	₹ 7.50 Lakh	24 months	Up to 78 years

For Family Pensioners (including Defense Pensioners):

Age	Max Loan Amount (18 months Pension or Less)	Repayment Period	Age at the time of full Repayment
Below 72 years	₹ 5.00 Lakh	60 months	Up to 77 years
72 – 74 years	₹ 4.50 Lakh	48 months	Up to 78 years
74 – 76 years	₹ 2.50 Lakh	24 months	Up to 78 years

The interest rate on Punjab National Bank personal loan for pensioners

The interest rate is considerably less for pensioners, TL/DL: BR+2.50% Overdraft: BR+2.50%. There is documentation charges of 500/- plus GST.

Loan Products	Parameters	Less than 3 years	3 years and above
Pension loan	Demand loan/ Term loan	Base Rate + 2.50% = 11.75%	Base Rate + 2% + Term Premium = 11.75%
Pension loan	Overdraft	Base Rate + 2.50% = 11.75%	Base Rate + 2% + Term Premium = 11.75%

Document Required For Loans For Pensioners

Various documents are required depending on the loan amount, tenure, and other factors. However, the generic documents needed for the loan are :

An original document showing your contribution to PPO. It should be retained until the liquidation of the loan account.
DPDO pensioners also need to provide a copy of the letter of authority, The letter is sent to the DPDO by registered post with information about the disbursement of the loan amount to the concerned pensioner.
An affidavit may be obtained by pensioners stating that they will not change their present disbursing branch or bank without the bank’s consent.
Guarantee form (PNB 58 H).
Additionally, the following documents are required for demand loans, term loans, and overdraft pension loans from PNB.
Identity proof: an Aadhar card, Pan Card, Voter Identity Card, Driving License any of these would work as proof.
Address Proof: Ration Card, Bank Account Statement, Driving License, Utility bills, Aadhar Card any of these would work as an address proof.
Income Proof: both your bank account statements, as well as salary, slips both of these are must for the loan approval.

Loan Amount On Punjab National Bank Personal Loan For Pensioners

For Central and State Government Pensioners:

Punjab National Bank Pension For State and Central Government Pensioners
Age	Minimum Loan Amount	Maximum Loan Amount	Additional Ceiling Amount	Loan Tenure
Less Than 72 Years	25000	14 Lakh	18 Months Pension	60
72 to 74 Years	25000	12 Lakh	18 Months Pension	48
74 to 76 Years	25000	7.5 Lakh	18 Months Pension	24

For Defense Pensioners:

Punjab National Bank Pension For Defence Pensioners
Age	Minimum Loan Amount	Maximum Loan Amount	Additional Ceiling Amount	Loan Tenure
Up to 56 Years	25000	14 Lakh	36 Months Pension	84
Less Than 72 Years	25000	14 Lakh	18 Months Pension	60
72 to 74 Years	25000	12 Lakh	18 Months Pension	48
74 to 76 Years	25000	7.5 Lakh	18 Months Pension	24

For Family Pensioners (including Defense Pensioners) :

Punjab National Bank Pension For Family Pensioners
Age	Minimum Loan Amount	Maximum Loan Amount	Additional Ceiling Amount	Loan Tenure
Less Than 72 Years	25000	5 Lakh	18 Months Pension	60
72 to 74 Years	25000	4.5 Lakh	18 Months Pension	48
74 to 76 Years	25000	2.5 Lakh	18 Months Pension	24

About Punjab National Bank

Punjab National Bank is one of the top financial service bank owned by the Government with its headquarters in New Delhi. It was founded by Lala Lajpat Rai and Dyal Singh Majithia in 1894. It has now become the second-largest public sector bank in India.

FAQs On Punjab National Bank Pension Loan

✅Can you get a pension loan without guarantee or security?

At PNB guarantee of a spouse or a family member or against earning children or third party guarantee 9 preferable government employees with a net equal to or more than the loan amount is essential.

✅What is the repayment procedure for Punjab National Bank Pension Loan?

In PNB a maximum of 60 EMIs is set for repayment of the loan. If the age of the pensioner is above 75 years then the EMIs are fixed at 24. Repayment amounts should be fixed in such a way that it should not exceed the structured ceiling of 50% of the net monthly Pension.

✅ How can you get Punjab National Bank Pension Loan?

You can apply online via Dialabank or call at 9878981166

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