Punjab National Bank (PNB) has given a great news for its customers, in which the facility of Instant Personal Loan is being introduced. The scheme will be applicable from 1 April 2025 and under this, customers will be able to get a loan of up to ₹ 1,00,000. The most important thing about this loan is that it can be obtained through online application, so that customers will not need to go to the bank.
The main objective of this scheme is to provide immediate financial assistance to customers who require emergency loan. This loan requires the cibil score 700 or more, and this is the UNSECURED loan, which does not require any guarantor. However, in this article we could not get information about a loan of ₹ 3 lakh, but other loan plans of PNB can also be attractive.
Instant Personal Loan Scheme overview
| Speciality | Description |
| Loan amount | From ₹ 50,000 to ₹ 1,00,000 |
| Interest rate | Starts from 11.40% |
| Eligibility | Pnb savings account holder |
| Cibil score | 700 or more |
| Guarantor requirement | No |
| Repayment period | 1 to 6 years |
| Application process | Online |
Benefits of PNB Instant Loan Scheme
Punjab National Bank’s Instant Personal Loan scheme has many advantages that make it different from other loan schemes:
- Immediate loan approval: The loan application process under this scheme is completely digital, which can give you immediate loan approval.
- Low interest rate: PNB is giving loans at a lower interest rate than other banks.
- No guarantor: This loan does not require any guarantor or security.
- Flexible repayment period: You can fill EMI from 1 to 6 years as per your convenience.
- Online application sitting at home: For this loan you do not need to go to the bank, you can apply it online from your mobile.
Application process for PNB instant loan
It is very easy to apply for Punjab National Bank’s Instant Personal Loan. Here are some stages given by following which you can apply for this loan:
- Eligibility Investigation: First, make sure that your PNB is a savings account and your Cibil Score is 700 or more.
- Online application: Go to the official website or mobile app of PNB and apply for Instant Personal Loan.
- Documents upload: Upload the required income proof and address proof.
- Complete E-Kyc: Complete the E-KYC process and submit your application.
- Loan acceptance and fund transfer: The bank will review your application and transfer the loan amount to your PNB account within 24 hours.
PNB instant loans often asked questions
Here are some frequent questions that will help you know about PNB Instant Personal Loan:
- Is this loan available to all customers?
- No, this feature is available only to PNB Bank Saving Account Holders.
- Do I need a guarantor for this loan?
- No, this is the UNSECURED Loan, which does not require a guarantor.
- What should be the minimum Cibil Score for PNB Instant Loan 2025?
- Your cibil score should be 700 or more.
- Can this loan be pre-pay?
- Yes, but you have to give 2% Pre-Closure Charge.
Other loan plans of PNB
Although in this article we could not get information about a loan of ₹ 3 lakh, but other loan plans of PNB can also be attractive. PNB provides different types of loans, such as home loans, car loans, and commercial loans. For more information about these schemes, it would be appropriate to visit the official website of PNB.
conclusion
Punjab National Bank’s Instant Personal Loan Scheme is a great option for customers who require immediate financial assistance. The process of this loan is completely digital, so that you can get loan approval from home. Although there is no official information about a loan of ₹ 3 lakh, other loan plans of PNB can also be attractive.
Disclaimer: According to the information given in this article, PNB’s Instant Loan scheme provides a loan of up to ₹ 1,00,000, but there is no official information about loans of ₹ 3 lakh. This information is given only on the basis of the available schemes of PNB. It would be appropriate to get the latest information by visiting the official website of PNB.
