Directory Image
This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Privacy Policy.

Check PNB Personal Loan Eligibility Criteria

Author: Apoorv Chaudhary
by Apoorv Chaudhary
Posted: Mar 14, 2021

What is PNB?

PNB personal loan is a short-term loan facility offered by the PNB. It is not intended to provide large finance to the borrower. The PNB personal loans are short-term loans and are meant only for the short term. PNB personal loan eligibility criteria demand that the borrower should be earning an adequate amount of income that he or she can repay promptly and PNB personal loan is not a long-term loan facility.

PNB Personal Loan Eligibility Criteria differs from one lender to another. PNB or the Personalized Mortgage Builders Loan Corporation is a government-guaranteed loan institution that has its branches in all major cities in India.

PNB Personal Loan Eligibility Criteria

  • PNB Personal Loan Eligibility Criteria requires that you should be a citizen of India.
  • PNB Personal Loan requires that you have a steady job.
  • It is required to show the proof of earnings by having your payslips or any other proof of income.
  • Your bank statement also provides evidence of your current employment.
  • Your monthly expenses and monthly income should be given including your PNB loan payment.
  • PNB requires the borrower to be 18 years old or older.
  • PNB Personal Loan also required that your income is not too low or too high.
  • The loan qualification criterion of PNB Personal Loan is based on the income of the borrower i.e. his or her monthly income.
  • The loan amount depends on the income of the borrower i.e. the income of the borrower and the number of members in the PNB.

    The PNB loan qualification requirements are different for different members of PNB.

Documents required for PNB Personal Loan

PNB Personal Loan requires the necessary documents for loan approval:

  • The borrower needs to provide the necessary documents for income verification.
  • Your latest bank statement
  • Payslips
  • Tax returns
  • Other proof of income
  • Your income verification proves your income
  • Your ability to repay the PNB loan.
  • It is also based on the employment status of the borrower i.e. employed, self-employed, retired, unemployed, and those who do not have any fixed working salary.
  • A PNB loan applicant whose employment is approved by the employer gets approval faster.
  • PNB personal loan approval takes about two weeks.
  • If the loan is not approved within two weeks, then the PNB company will consider the loan request to be incomplete and the loan will be declined.
  • Punjab National Bank also requires that you should have a valid account in a reputed bank or financial institution having an active bank statement.
  • PNB considers the amount of the loan and the repayment term for a personal loan.
  • PNB personal loan allows the loan amount to vary according to your financial requirements.

PNB Personal loan eligibility Calculator

PNB Personal Loan Eligibility Criteria is calculated by subtracting the borrower's net income from the current gross monthly income of the borrower.

Then divide it by the number of months employed.

The resulting figure is called Personal Net Worth.

  • PNB personal loan approval depends upon the amount of loan applied for and the payment tenure.
  • PNB personal loan approval is faster when borrowers furnish additional information on their income, employment history, and current financial condition.
  • The income verification form is the most common PNB application requirement.
  • This is because income verification is the most reliable way of assessing the borrower's ability to repay the PNB loan.

    PNB personal loan eligibility criteria require that the borrower has an uninterrupted source of income other than the PNB loan. It is necessary to disclose all relevant information of the income and credit history to the PNB during the application process. PNB personal loan eligibility criteria also demand that the borrower should be working and must be repaying his or her loan in full to avoid the PNB penalties. This means that the borrower should have a regular source of income and the regular income should not come from another source which could interfere with the repayment of PNB loans.

PNB Personal Loan Online

This form asks for details about the borrower's current and previous employment. PNB personal loan income verification can be done online through PNB's website or the lender. Once the borrower's income and employment details are verified, the PNB loan application will be approved. The income verification form should be submitted along with the PNB application so that the total loan amount can be calculated.

  • First, you need to visit the PNB official site and fill out the online application form to know the available personal loan offers.
  • Then, you will get offers from various banks listed according to the applicant’s choice.
  • Select the lender from the list of best banks.


    With the help of the above information, you can compare and apply for PNB Personal Loan and fulfill all your financial needs. You can also check the eligibility, essential documents, eligibility calculator, and other details that you required for loan approval. For more details contact PNB customer care or visit the official website of Punjab National Bank.

About the Author

Experienced Search Engine Optimization Executive with a demonstrated history of working in the Information technology and services industry. Strong marketing professional with a focus on Finance & Marketing.

Rate this Article
Leave a Comment
Author Thumbnail
I Agree:
Author: Apoorv Chaudhary

Apoorv Chaudhary

Member since: Nov 12, 2020
Published articles: 8

Related Articles