Punjab National Bank Personal Loan interest rates · November 2026
Your personal loan at PNB.
Choose a scheme. Understand the rate. Explore your repayment.
What would I pay each month?
See scheme conditions Scheme selected for illustration. Check eligibility with the bank.
At 10.50%, you repay ₹6.45 lakh: ₹5 lakh borrowed and ₹1.45 lakh interest.
From the first year, most of each EMI repays the loan.
Every 0.25% off the rate saves about ₹62 a month. Worth asking for.
Range estimate, not your approved offer. Excludes fees. Assumes the rate stays unchanged.
Scheme conditions & source
Understand this scheme
- Published rate
- 10.50% p.a.
- Rate type
- Floating
- Pricing published as
- RLLR + 2.15% + BSP
- Benchmark
- RLLR today: 8.35%
- Who it's for
- Defence personnel
What still needs confirming
- Your eligible rate and the scheme's conditions
- Processing fees and other charges
- How often the rate resets, and to what
Effective date not stated · checked 15 Nov 2026
Compare PNB's personal loan schemes
PNB publishes one personal loan scheme we can read.
| Scheme | Published rate | EMI range* | Choose |
|---|---|---|---|
| PNB Sahyog Rin14 borrower bands | 10.50%–16.05% | ₹10,747–₹12,172 | Selected |
*₹5 lakh over 5 years, before fees. Scheme names follow the bank's published wording.
Every personal loan rate PNB publishes
14 rates across 1 scheme, by who each is for. Answer “About you” to see which apply to you.
| Scheme and band | Who it's for | Rate | EMI* | Use |
|---|---|---|---|---|
| PNB Sahyog RinA · Loan to Defence/ Para Military Personals drawing salaries through our Bank including customers covered under Rakshak Plus scheme · Not applicable · TL | Defence personnel | 10.50% | ₹10,747 | |
| PNB Sahyog RinA · Loan to Defence/ Para Military Personals drawing salaries through our Bank including customers covered under Rakshak Plus scheme · Not applicable · OD | Defence personnel | 10.50% | ₹10,747 | |
| PNB Sahyog RinB · a. Loan to Govt. Employees drawing salaries through our Bank b. Loan to Central Government gazetted officer (Section Officer or equivalent and above) not having salary account with us. · >= 800 | Government / PSU employees · Credit score 800 and above | 10.85% | ₹10,834 | |
| PNB Sahyog RinB · a. Loan to Govt. Employees drawing salaries through our Bank b. Loan to Central Government gazetted officer (Section Officer or equivalent and above) not having salary account with us. · >=750 less than 800 Or With Nil credit history (i,e -1 or 0) | Government / PSU employees · Credit score 750–799 · New to credit | 11.85% | ₹11,084 | |
| PNB Sahyog RinB · a. Loan to Govt. Employees drawing salaries through our Bank b. Loan to Central Government gazetted officer (Section Officer or equivalent and above) not having salary account with us. · 681 to 749 | Government / PSU employees · Credit score 681–749 | 12.85% | ₹11,338 | |
| PNB Sahyog RinB · a. Loan to Govt. Employees drawing salaries through our Bank b. Loan to Central Government gazetted officer (Section Officer or equivalent and above) not having salary account with us. · Score less than 681 | Government / PSU employees · Credit score up to 680 | 13.35% | ₹11,466 | |
| PNB Sahyog RinC · a. Loan to Corporate/other Employees drawing salaries through our Bank. b. Loan to Govt. Employees not drawing salary with our bank · Score >= 800 | Credit score 800 and above | 11.85% | ₹11,084 | |
| PNB Sahyog RinC · a. Loan to Corporate/other Employees drawing salaries through our Bank. b. Loan to Govt. Employees not drawing salary with our bank · >=750 less than 800 Or With Nil credit history (i,e -1 or 0) | Credit score 750–799 · New to credit | 12.85% | ₹11,338 | |
| PNB Sahyog RinC · a. Loan to Corporate/other Employees drawing salaries through our Bank. b. Loan to Govt. Employees not drawing salary with our bank · 681 to 749 | Credit score 681–749 | 14.85% | ₹11,856 | |
| PNB Sahyog RinC · a. Loan to Corporate/other Employees drawing salaries through our Bank. b. Loan to Govt. Employees not drawing salary with our bank · Score less than 681 | Credit score up to 680 | 15.35% | ₹11,987 | |
| PNB Sahyog RinD · Loan to employees under check off facility · >= 800 | Credit score 800 and above | 13.35% | ₹11,466 | |
| PNB Sahyog RinD · Loan to employees under check off facility · >=750 less than 800 Or With Nil credit history (i,e -1 or 0) | Credit score 750–799 · New to credit | 13.85% | ₹11,595 | |
| PNB Sahyog RinD · Loan to employees under check off facility · 681 to 749 | Credit score 681–749 | 15.55% | ₹12,040 | |
| PNB Sahyog RinD · Loan to employees under check off facility · Score less than 681 | Credit score up to 680 | 16.05% | ₹12,172 |
*₹5 lakh over 5 years, before fees. Band names are the bank's own; “who it's for” is what they state.
How PNB compares
Each bank's lowest published rate, and what the same loan would cost a month there. Before charges.
The rates PNB's loans are linked to
A floating loan's rate is one of these plus a spread fixed when you borrow. When it moves, your EMI or your term moves at the next reset.
MCLR by reset period · from 1 Nov 2026
| Reset period | Compared | MCLR |
|---|---|---|
| Overnight | 8.10% | |
| 1 month | 8.35% | |
| 3 months | 8.60% | |
| 6 months | 8.75% | |
| 1 year | 8.90% | |
| 3 years | 9.20% |
A loan on MCLR resets at the end of its period, most often one year, to the MCLR then plus its spread. If yours is still on MCLR, you can ask to move it to the repo-linked rate.
| Older benchmark | Rate | Effective from |
|---|---|---|
| Base rate | 9.50% | 1 Jul 2026 |
| Benchmark prime lending rate (BPLR) | 14.00% | 1 May 2012 |
Loans taken before April 2016 may still be linked to these.
Official Checked 15 Nov 2026 · Bank's own page
PNB personal loan: questions borrowers ask
What is the PNB personal loan interest rate?
As of 15 Nov 2026, Punjab National Bank publishes personal loan rates of 10.50% to 16.05% a year (floating). The lowest, 10.50%, is for: A · Loan to Defence/ Para Military Personals drawing salaries through our Bank including customers covered under Rakshak Plus scheme · Not applicable · TL. The rate you are offered depends on your credit score, income and the loan amount.
What is the EMI on a ₹5 lakh personal loan from PNB?
At PNB's lowest published rate of 10.50%, a ₹5 lakh personal loan over 5 years costs about ₹10,747 a month, or ₹1,44,817 in interest over the loan. Charges and insurance are extra.
Are PNB loans linked to the repo rate?
Punjab National Bank's repo-linked lending rate (RLLR) is 8.35% from 8 Oct 2026. Floating retail loans are priced from it, plus a spread fixed when you borrow.
What is PNB's MCLR?
Punjab National Bank's 1-year MCLR is 8.90%, effective 1 Nov 2026. Loans taken between 2016 and 2019 and many business loans are linked to it.
Is PNB cheaper than other banks for a personal loan?
Of the 7 banks we read for personal loans, PNB's lowest published rate (10.50%) ranks number 4; the lowest is 10.00% at SBI. Compare the charges as well as the rate.
Does RateScan get paid by PNB?
No. We take no referral fees, show no ads and don't take loan applications. Every figure is read from the bank's own page, which is linked from every scheme.
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How we collect loan rates
From the bank's own pages. Every figure is read from the lending-rate page the bank publishes, and links back to it. Benchmarks are re-read every day.
A published rate is not an offer. Banks set your rate from your credit score, income, the loan amount and the property or vehicle. We show the range the bank publishes; "7.60% onwards" means the bank gave no top figure.
Benchmark plus spread. A floating loan's rate is the bank's benchmark (its repo-linked rate, or MCLR for older loans) plus a spread fixed when you borrow. When the benchmark moves, your rate moves with it at the next reset.
The EMI is worked out on a reducing balance with monthly instalments: EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where r is the yearly rate ÷ 12 and n the number of months. It leaves out processing charges and insurance.
No referral fees. We don't take loan applications or get paid by lenders, so the order is the order.
Independent. No referral fees. Official sources.
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