Public Sector Bank (PSU)Pensioners & Senior Citizenssemi secured

PNB Personal Loan for Pensioners

पीएनबी पेंशनर पर्सनल लोन

Low-cost credit for Central/State Govt and Defence pensioners drawing pension through PNB.

Max Loan Amount

₹25,000 to ₹10,00,000 (up to 18x monthly pension)

Interest Rate

11.25% - 12.75% p.a. (floating RLLR-linked)

Tenure

12 to 60 months (up to 75 years age)

Processing Fee

NIL processing fee for defence pensioners; ₹500 + GST for civil pensioners

✦ What It Is: Product Architecture & Regulatory Scope

Low-cost personal credit facility for Central and State Government pensioners, Armed Forces pensioners, and Family pensioners whose monthly pension is credited directly through a PNB branch.

What is Missing: Honest MITC Policy Gaps, Hidden Clauses & Extra Charges

Eligo consumer protection notice: Bank brochures, DSA telecallers, and comparison portals rarely disclose these conditions. Read carefully before signing.

• Mandatory Pension Mandate: Pension must be drawn through a PNB branch. • Mandatory Spouse Guarantee: The spouse eligible for family pension must join as co-borrower/guarantor. • Net Pension floor: Take-home pension after EMI deduction must not fall below 50% of gross pension.

✦ Key Benefits & Features

• Tailored for senior citizens up to 75 years of age • Minimal processing charges (completely waived for defence pensioners) • Convenient repayment via standing instruction directly on monthly pension credit • Family pensioners eligible up to ₹5 Lakhs for medical emergencies.

✦ Prepayment, Part-Payment & Foreclosure Rules

NIL prepayment penalty across all tenures.

✦ Eligibility Requirements

Central and State Govt Pensioners, Armed Forces Pensioners, and Family Pensioners drawing pension via PNB. Age at loan completion: Max 75 years. Min CIBIL: 650.

Min Age55 Years

Max Age75 Years

Min Monthly Income₹10,000

Min CIBIL Score650+

✦ Documents Required

• Identity Proof: PAN Card and Aadhaar Card of pensioner & spouse • Pension Proof: Original PPO Booklet, Pension Slip of previous month • Undertaking: Letter of Authority to debit pension account • Co-obligation: Spouse KYC and consent form.

✦ Exact How-To-Apply Process (3 Pathways)

Depending on your current relationship with the bank, select the corresponding application journey:

Pathway A

Existing / Pre-Approved Customers

1. Log into PNB One app or visit pension branch. PPO is authenticated; spouse signs co-obligation; disbursed within 24 hours.

Pathway B

New Online Applicant (Fresh Digital)

1. Submit enquiry on pnbindia.in. Branch manager coordinates home visit for senior citizens.

Pathway C

Branch Walk-In Application

1. Visit pension branch with PPO booklet, pension slip, and spouse KYC. Execute standing instruction mandate for pension deduction.

Official Sourcing & MITC Verification

180-Day Re-Verification SLA · Last Verified: 2026-09-28

Eligo does not collect personal loan applications, sell user data to DSA telecallers, or receive affiliate commissions. All terms shown are extracted directly from official bank circulars, Most Important Terms and Conditions (MITC), and Key Fact Statements (KFS) under RBI guidelines.

Visit Official Lender Portal (Punjab National Bank Official Portal)View Official MITC / Schedule of Charges RBI Key Fact Statement (KFS) Reference

Frequently Asked Questions on PNB Personal Loan for Pensioners

Can family pensioners get a loan from PNB?

Yes, family pensioners can borrow up to ₹5 Lakhs or 12 times net monthly pension.

What is the maximum age limit?

75 years at the time of final loan maturity.

Is there any processing fee for defence veterans?

No, PNB waives 100% processing fees for Defence and Armed Forces pensioners.