Punjab National Bank (PNB) has given a great news for its customers, in which the facility of Instant Personal Loan is being started. This scheme will come into effect from April 1, 2025 and under this, customers will be able to get a loan of up to ₹ 1,00,000. The most special thing about this loan is that it can be obtained through online application, so that customers will not need to go to the bank.

However, in this article we could not find information about the loan of ₹ 3 lakh, but will discuss in detail about PNB’s Instant Loan scheme. This scheme is specifically for those customers who need an emergency loan. For this loan, the CIBIL score must be 700 or more, and it is an unsecured loan, for which no guarantor is required.

This scheme of PNB

This scheme of PNB will benefit millions of customers, especially those who need immediate financial assistance. The interest rate of this loan starts from 11.40% and its repayment period can be from 1 to 6 years.

Benefits of PNB Instant Loan

Instant loan approval:

The process of this loan is completely digital, so that you get instant loan approval.

Low interest rate:

PNB is offering loans at a lower interest rate than other banks.

No guarantor: No guarantor or security is required for this loan.

Flexible repayment period: You can pay EMI from 1 to 6 years as per your convenience.

Apply online from home: You do not need to go to the bank for this loan, you can apply it online from your mobile. Application Process for PNB Instant Loan

Check Eligibility: Make sure your CIBIL Score is 700 or above and you are a PNB savings account holder.

Gather Required Documents: Income proof and address proof will be required.

Apply Online: Apply for the loan by visiting the official website or mobile app of PNB.

Complete e-KYC: Complete the e-KYC process along with the application.

Loan Approval and Fund Transfer: After your application is reviewed, the loan amount will be transferred to your account within 24 hour.

Other Loan Schemes of PNB

PNB offers a variety of loan schemes, including home loans, car loans, and education loans. Under these schemes, customers get the benefit of attractive interest rates and flexible repayment tenure.

Home Loan:

Under the PNB Digi Home Loan scheme, a loan of up to Rs 5 crore can be availed, with interest rates starting at 8.15%. This plan offers the benefit of zero prepayment charges, processing fees and documentation charges.