Calculate your PNB EMI at rates starting from 10.25% p.a.
Disclaimer: Results are estimates using the standard reducing-balance EMI formula. Actual EMI, rate, processing fee, and prepayment penalty terms vary by lender and credit profile. Default processing fee (1.5%) and prepayment penalty (2%) reflect common industry rates in India — verify with your lender before making decisions. Prepayment penalty is calculated on outstanding principal after the month's EMI but before the prepayment is applied. Monthly income needed uses 40% FOIR (Fixed Obligation to Income Ratio), the standard used by most Indian banks for personal loan eligibility. Loan-free date assumes the loan starts today. This tool does not constitute financial advice. Consult your lender or a certified financial advisor before taking a personal loan.
Use this calculator to estimate your monthly EMI on a PNB personal loan, using PNB's current published rate — shown in the table below and kept up to date as rates change. Unlike a home or car loan, a personal loan is unsecured — Personal loans are unsecured — no collateral or guarantor required for eligible salaried applicants., which is why personal loan rates are typically higher than secured loans, but disbursal is usually much faster and the funds can be used for any purpose. Primarily branch-driven, with online application available as a supplementary channel rather than a fully digital end-to-end journey.
Since there's no collateral backing a personal loan, lenders weigh creditworthiness more heavily than for secured loans. PNB and most lenders assess:
This is the single biggest factor for an unsecured loan. A CIBIL score of 750+ typically unlocks the best rates; scores below 650 often result in rejection or a significantly higher rate, since the lender has no collateral to recover value from.
Salaried applicants usually need a minimum monthly income threshold and 1–2 years at their current employer. Self-employed applicants are assessed on 2–3 years of income tax returns and business stability.
Lenders check your existing EMIs and credit card utilization against your income — high existing debt reduces the personal loan amount you'll be approved for, even with a good salary.
Working for a listed or well-recognized employer, or having an existing salary/savings relationship with PNB, can improve both approval odds and the offered rate.
Personal loans typically need the least documentation of any loan type — many PNB pre-approved offers to existing customers need almost no fresh paperwork:
| Document Type | Salaried Applicants | Self-Employed Applicants |
|---|---|---|
| Identity & Address Proof | PAN, Aadhaar, passport, or voter ID | PAN, Aadhaar, passport, or voter ID |
| Income Proof | Last 3 months' salary slips, Form 16 | Last 2 years' income tax returns |
| Bank Statements | Last 3–6 months' salary account statement | Last 6–12 months' business account statement |
| Employment Proof | Employment ID or offer letter | Business registration proof |
Existing PNB customers with a good repayment history may be offered pre-approved loans requiring minimal fresh documentation — check your net banking or app for such an offer before starting a fresh application.
These figures are pulled from PNB's publicly published terms and kept current:
| Term | PNB Detail |
|---|---|
| Interest Rate (starting from) | 10.25% p.a. |
| Processing Fee | not separately published — confirm with the bank at application |
| Maximum Tenure | 5 years |
| Foreclosure/Prepayment Charges | Foreclosure charges typically apply — check your loan agreement |
Personal loan rates are the most credit-score-sensitive of any loan type — the rate shown is PNB's starting rate, and your actual offer could differ meaningfully either way based on your credit profile.
Personal loan rates vary more by individual credit profile than any other loan type, so use this as a starting point for negotiation, not a final quote. Here's how PNB's currently published rate stacks up against other lenders on ClariMoney:
| Lender | Rate (p.a.) |
|---|---|
| Union Bank | 8.75% p.a. |
| Axis Bank | 9.99% p.a. |
| Bank of Baroda | 10.15% p.a. |
| PNB (this page) | 10.25% p.a. |
| SBI | 10.5% p.a. |
| ICICI Bank | 10.6% p.a. |
| HDFC Bank | 10.75% p.a. |
| Kotak Mahindra Bank | 10.99% p.a. |
Since a personal loan is unsecured, credit score matters more than for secured loans — 750+ is generally treated as strong. Lenders also assess income stability, existing debt obligations, and employer reputation.
Typically identity and address proof, recent income proof (salary slips or ITRs), and bank statements. Existing customers with a pre-approved offer may need little to no fresh documentation.
PNB charges not separately published — confirm with the bank at application. This is typically deducted from the disbursed amount, so factor it into your net loan proceeds, not just the EMI.
Foreclosure charges typically apply — check your loan agreement Personal loan foreclosure charges are not restricted by RBI regulation the way floating-rate home loans are, so check your specific loan agreement.
At least one other lender compared on this page currently publishes a lower rate. Personal loan rates vary more by individual credit profile than any other loan type, so always get a written quote rather than assuming a published rate applies to you.
Primarily branch-driven, with online application available as a supplementary channel rather than a fully digital end-to-end journey.
Offers a personal loan track specifically for government and PSU employees, with terms distinct from its general retail personal loan.
Also comparing PNB for other loans? PNB Home Loan Calculator · PNB Car Loan Calculator
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