Public Sector Bank (PSU)Self-Employed & Tradersunsecured

PNB Personal Loan for Public (Self-Employed)

पीएनबी पब्लिक पर्सनल लोन (स्वरोजगार)

Unsecured credit for self-employed professionals, traders, and small business owners with verified ITR.

Max Loan Amount

₹50,000 to ₹15,00,000

Interest Rate

12.00% - 15.75% p.a. (based on CIC score & ITR)

Tenure

12 to 60 months

Processing Fee

1.50% of loan amount + GST (Min ₹1,500, Max ₹15,000 + GST)

✦ What It Is: Product Architecture & Regulatory Scope

PNB Personal Loan for Public caters to self-employed professionals (Doctors, CAs, Architects, Consultants) and non-salaried business entrepreneurs who require unsecured funds for legitimate business expansion or personal exigencies.

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.

• Minimum 3 years of audited Income Tax Returns (ITR) and financial statements required. • Business vintage must be verified for at least 3 years in the same location. • Strict Net Annual Income threshold of ₹3 Lakhs. • Bank may demand a co-applicant or third-party guarantee if credit score is below 740.

✦ Key Benefits & Features

• High loan quantum up to ₹15 Lakhs without hypothecation of business assets • Repayment tenure up to 5 years (60 months) • Transparent public-sector pricing tied to RBI Repo-linked lending rate (RLLR) • Reduced interest rates for registered professionals with high credit scores.

✦ Prepayment, Part-Payment & Foreclosure Rules

NIL if closed from own verified business sources; 2% in case of loan takeover by another bank.

✦ Eligibility Requirements

Self-employed individuals, professionals, and proprietors with at least 3 years business continuity and taxable income >= ₹3 Lakhs/year. Min Age: 25, Max Age: 65. Min CIBIL: 720.

Min Age25 Years

Max Age65 Years

Min Monthly Income₹25,000

Min CIBIL Score720+

✦ Documents Required

• Identity & Address Proof: PAN, Aadhaar, Business Registration Certificate • Business Proof: GST Registration, Udyam Certificate, Trade License • Income Proof: Last 3 years ITR-V with Computation of Income, Audited P&L and Balance Sheet • Bank Statements: Last 12 months current account and personal savings account statements.

✦ 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 Internet Banking or PNB One app. 2. Submit self-employed loan request with ITR acknowledgement numbers. 3. Branch representative coordinates in-person verification.

Pathway B

New Online Applicant (Fresh Digital)

1. Visit pnbindia.in > Retail Loans > Personal Loan for Public. 2. Upload PAN, GSTIN, last 2 years ITR-V, and 12 months current account statements. 3. Receive application tracking number.

Pathway C

Branch Walk-In Application

1. Visit nearest PNB branch. 2. Submit Application Form with business profile and KYC. 3. Provide computation of income, P&L statement, balance sheet, and tax challans. 4. Branch inspects business premises and executes loan agreement.

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 Public (Self-Employed)

Are professionals like doctors and CAs eligible?

Yes, doctors, chartered accountants, architects, and engineers are eligible with preferential interest rates under PNB Professional categories.

What business vintage is required?

A minimum of 3 years continuous profitable operation in the same line of business.

Is GST registration mandatory?

Yes, for business enterprises subject to GST. For professionals, professional tax registration or practice certificate is required.