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PNB Personal Loan Eligibility Calculator

PNB Personal Loan Eligibility 2021

Last Updated 26th Nov 2021

Eligibility CriteriaSalaried Self Employed Professionals
Profession that are eligible for PNB Personal LoanSalaried people working in government, private or MNCs companies Professionals like Doctors, CA, CS, Architects
Applicant Age21 - 58 years21 - 58 years
  • High credit score and better financial stability lead to high personal loan eligibility from PNB.
  • PNB requires you to meet certain eligibility factors related to age, number of years of work experience and type of residence you live in to be able to get a personal loan.
  • PNB calculates the amount of personal loan you are eligible for using a formula that includes your net take home salary and your existing loans or EMIs you have to pay currently.
Personal Loan Eligibility Calculator
PNB Personal Loan Eligibility

PNB offers various personal loan schemes and offers, at affordable rates to eligible customers. PNB Personal loan eligibility is based on factors like age, salary, occupation and cibil score. You can avail personal loan from PNB, even if you are salaried or self-employed. The eligibility criteria, however may be slight different for self employed. A detail information on these factors is mentioned in the further sections.

PNB Personal Loan Eligibility based on Age
  • Age: The minimum age requirement for availing a PNB personal loan is 21 years and the maximum age is 58 years.If you are aged below 21 years, you are considered as ineligble borrower as you might not fulfil the income criteria for the loan.
PNB Personal Loan Eligibility based on Salary
  • Net Income : Your eligibility is determined by your net monthly income to understand so that your loan EMI’s are not affecting your living standards. PNB asks for a minimum net income of ₹ 30,000 per month to avail a personal loan.
  • FOIR : FOIR (Fixed Obligation to Income Ratio) is an important parameter that is used to determine your PNB personal loan eligibility. PNB takes all your fixed obligations (like rent or current EMIs) into account while estimating your eligibility. Minimum FOIR required to be eligible for personal loan from PNB is 0.45. Use PNB personal loan eligibility calculator to estimate your eligibility and apply online for the eligible loan amount hassle-free.

Illustration- Mr. A who is 25 years old has a net income of ₹ 30,000. He wants to take a personal loan of ₹ 1 Lakh for 60 months. PNB allows a maximum FOIR of 0.45.

Based on the information provided by the applicant, PNB will calculate his eligibility using the eligibility calculator. With a salary of ₹ 30,000, the maximum amount he is eligible for is ₹ 6.52 Lakh. The interest he has to pay for this amount for 60 months is 8.90%.

PNB Personal Loan Eligibility based on CIBIL Score

  • CIBIL Score: When checking eligibility for a personal loan, PNB will check the your complete Credit report, including all past running loans and your payment track record on loans and credit cards. Higher credit score increases your the chances that your loan application from PNB will get approved. However, a low CIBIL score decreases your eligibility to get a personal loan. PNB requires a minimum credit score of 650 to be eligible for a personal loan.

PNB Personal Loan Eligibility based on Occupation

There are other factors related to you occupation which are responsible for the approval of the loan by PNB, as listed below:

  • Job stability and profession - Job stability is important to improve your eligibility to get a personal loan from PNB. Your total work experience and current work experience are assessed to evaluate your job stability and profession. PNB looks for a minimum total experience of 0 months and also looks for applicants who have been employed in the current job for a minimum of 0 months.
  • Residence place and stability – Banks are very particular about your place of residence. PNB has a pre-decided list of areas where the bank will lend the loan. The bank also has a negative list of area of locations in which it will not lend depending on the past credit behavior of borrowers from such localities. PNB also gauges your residential stability by checking on the number of years since when you have been staying in your current residence. If you are staying in your own residence, it improves your chance of getting a loan from PNB. Minimum residence stability to be considered by the bank is 12 months.
  • Industry Type – PNB has a negative list of professions and type of industry, defined as customer or industry segments to which they will not give the loan. So, your chances of getting a loan approval also depends on your profession and industry you are employed in.
  • Salary Mode – PNB considers salary transferred to the bank account as a secure and stable income with adequate income proofs. If you are earning well but getting salary through cash or cheque,the bank will not give you the loan because the bank needs concrete evidence of your salary to support your loan amount. So, salary transfer mode of payment is preferred by PNB if you apply for a personal loan.

How can I Check my PNB Personal Loan Eligibility?

To check PNB personal loan eligibility you need to follow these steps:

  • Login to PNB website
  • Go to PNB personal loan
  • Now, check the eligibility criteria using the Personal Loan Eligibility Calculator. For this fill the required details such as Name, loan requirements, salary, age, etc.

In Addition to this, you can also contact the bank at their customer care number, 1800-180-2222/ 1800-103-2222.

PNB Personal Loan Eligibility for Self Employed

PNB personal loan eligibility criteria for self employed is as follows:-

  • You must be an Indian citizen with a professional degree holder like CA, CS, Doctor, Architect etc with degree registration.
  • You must be minimum of 21 years at the time of loan application.
  • You must have filed ITR for atleast 0 months to get a personal loan from PNB.
  • You must have a gross annual reciept of more than ₹ 5,00,000.
  • PNB checks your credit history to estimate your creditworthiness and your credit score must be above 650 to get a PNB personal loan.

Check Personal Loan Eligibility of Different Banks


What are the eligibility criteria to avail PNB personal loan?

The minimum age of the applicant required to get a personal loan from PNB is 21 year as the chances of meeting income eligibility criteria are very less below this age. The maximum age for salaried employees can go up to 58 years.

Is age an eligibility criteria to apply for a PNB personal loan?

Yes, age is an eligibility criteria to apply for a PNB personal loan. You should be of minimum 21 years to avail a loan from PNB.

Am I eligible for PNB personal loan if my CIBIL score is less than 300?

It is unlikely that you will be able to avail PNB personal loan if your CIBIL score is less than 300. If you have a credit score less than 300 then it is considered bad and to avail a personal loan from PNB, you must have a credit score above 650.

How can I improve my eligibility for PNB personal loan?

To improve your PNB personal loan eligibility you can add a co-applicant, maintain a high credit score, pay EMI’s and credit card bills on time and reduce your existing debts. These steps will help improve PNB personal loan eligibility.

What should be my income to secure a personal loan from PNB?

The minimum income for a salaried employee should be at least ₹ 30,000 per month to secure a personal loan from PNB.However, the income criteria of PNB may vary for metro cities, tier-1 or tier 2 locations.

How much work experience is required for personal loan from PNB?

To get a personal loan from PNB, you must be an earning individual working in a central/state government, private company or MNC.You must have a minimum work experience of 0 months for PNB personal loan.

What is the maximum loan amount an applicant can get?

The maximum loan amount an applicant can get under a personal loan from PNB is up to ₹ 15 Lakh.However, the eligibility criteria for every borrower is different as it is based on various factors like age, employment etc.

Will CIBIL Score affect my personal loan from PNB?

Yes, CIBIL Score does have an impact on your personal loan. A good score indicates a good repayment record and hence most banks avoid giving loans if you have a low credit score. The minimum CIBIL score for personal loan is 650 and above.

Does adding a co-applicant increase personal loan eligibility?

Yes, adding a co-applicant increases your eligibility for a PNB personal loan as it increases your repayment capacity. While availing loan from PNB ensure that you add a co-borrower who has good income flow, limited fixed obligations and a strong credit score.

Do I need to have a guarantor to apply for Personal Loan from PNB?

Personal loan is an unsecured loan, so PNB assure that the amount gets repaid on time. However, if your credit score is good and there is no default in your past repayment history, then you do not need a guarantor to get a loan from PNB .

Where can I get the company list which is eligible for PNB personal loan?

PNB does not prefer lending personal loans to companies identified under customer or industry segments. For details you can contact PNB or can use the personal loan eligibility calculator.

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PNB Personal Loan News - Nov 2021
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    Punjab National Bank has revised personal loan rates by 25 points basis, and as a result, the lowest personal loan rates start at 8.90%.
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    Punjab National Bank (PNB) has posted a profit of 78 percent in net profit at Rs 1,105 crore for the second quarter ended September 30, 2021. Last year, the lender posted a net profit of Rs 620.81 crore during the corresponding quarter a year ago.
  • 2021-10-11 : Punjab National Bank Introduces 6S Campaign
    Punjab National Bank (PNB) has launched the 6S Campaign. The campaign consists of schemes like Swabhiman, Samruddhi, Sampark and Shikhar, Sankalp and Swagat. The objective of the campaign is to spread awareness about the development of financial services and accelerate credit growth, improve penetration of social security schemes and drive digital banking push.
  • 2021-09-24 : PNB Reduces Personal Lending Rates
    Punjab National Bank has decreased the personal loan rates by 25 points basis. The new personal loan rate now stands at 8.70%.
  • 2021-09-20 : PNB Introduces Festival Bonanza Offer
    Punjab National Bank (PNB) has introduced a festival bonanza offer under which they reduced home loan interest to 6.80%. Also, the lender has waived off processing fees and documentation charges on all retail loans like home loans, personal loans, car loans, gold loans, property loans. These charges are valid till December 31, 2021.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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