PNB Insta Loan Interest Rate @9.95%, Apply Now

PNB Insta Loan is a service provided by Punjab National Bank (PNB). Under this service, Punjab National Bank delivers three types of loans, i.e., Pre-Approved Personal Loans, Pre-Approved Pension Loans, and E Mudra Loans.

If you want to meet your personal needs and have a current or savings account with Punjab National Bank, you can apply for Insta Loan PNB. Here, we will provide you with the features, benefits, and fee details of the PNB Insta Loan so that you do not face any problems taking the loan. Please protect yourself from fake loan apps, this is their list.

PNB Insta Loan Details

Article Topic	PNB Insta Loan Apply Online
Interest Rate	Competitive Interest Rate starts from 9.95% per annum.
Loan Amount	Under personal and pension loans up to Rs 8 lakh and e-Mudra loans up to Rs 1 lakh.
Tenure	Up to 5 years
Processing Fees	The pre-approved loan processing fee is 0.50%, and the minimum is Rs 500/- + GST.
PNB Insta Loan Customer Care Number	1800-180-2222, 0120-2490000 Email ID: [email protected], [email protected]

What is a PNB Insta Loan?

PNB Insta Loan is a service offered by Punjab National Bank (PNB) to provide quick and easy loans to its customers. Three types of products are under the PNB Insta Loan category, i.e., Personal Loans, Pension Loans, and e-Mudra Loans.

Personal Loan: A personal Loan is a loan for individuals employed in the Central/State Government, PSUs, Defense, and Paramilitary Forces, who have had a salary account with PNB for the last 2 years. The loan amount ranges from Rs 25,000 to Rs 8 lakh depending on the customer’s eligibility.

Interest rates start at 11.75% p.a. for tenures up to 5 years. The loan can be used for many personal or household purposes, like education, medical, travel, etc.

Pension Loan: Pre-approved pensioner personal loans are offered by PNB to all types of pensioners who receive pensions from PNB. It is an end-to-end digital loan at attractive interest rates, and based on your credit history, transaction data, and loan repayment track.

PNB offers pre-approved pensioner personal loans up to Rs 8 lakh through this digital loan scheme. The Interest rate is charged on a loan amount of 11.75% per annum for a tenure of up to 5 years.

E-Mudra Loan: E-Mudra Loan is a loan for micro-entrepreneurs and small business owners who have a current account within PNB for at least 6 months. The loan amount ranges from Rs 10,000 to Rs 1 lakh on the nature and scale of the business.

The interest rate is charged on loan amounts of 9.95% per annum for a tenure of up to 3 years. The loan can be used for working capital or capital expenditure needs of the business.

Must Read this: APSRTC CCS Loan Information – Eligibility Criteria & Apply Online 2023

Features of PNB Insta Loan

Minimum Interest Rate: Punjab National Bank Provide instant personal loan through Insta Loan Service at reasonable Interest Rate to its customers. If you have a savings or current account in Punjab National Bank, you can get an instant loan at an interest rate starting from 11.75% per annum.

Loan amount: Here, the customer can take a personal or pension loan ranging from Rs 25000 to Rs 8 lakh. The loan amount you get is determined based on your credit profile.

Low Processing Fee: PNB Insta Loan is provided to customers who are offered pre-approved loans by Punjab National Bank. Therefore, the processing fee charged on this loan is only 0.50%, and the minimum fee is Rs 500 + GST.

Mudra Loan: E-Mudra Loan is a loan for micro-entrepreneurs and small business owners, which is provided without any guarantee to strengthen the small business. The loan amount ranges from Rs 10,000 to Rs 1 lakh on the nature and scale of the Business.

Without Guarantee: Insta Loan PNB offered by Punjab National Bank is an unsecured loan that does not require any guarantee.

Minimum Documents: Being a pre-approved loan, the bank does not ask for many documents from the customer. Customers can apply for this loan with the help of their PAN, Aadhar card, and some other documents. After completing the KYC process, the loan is transferred to the customer’s account.

Must Read this: DMI Finance Personal Loan Apply Online 2023: Features & Benefits

Eligibility Criteria and Documents Required for PNB Insta Loan

The eligibility criteria and Documents required for a PNB Insta Loan depend on the type of loan you want to apply for. There are three types of PNB Insta Loans: PNB Insta Personal Loan, PNB Insta Pension Loan, and PNB Insta e-Mudra Loan.

PNB Insta Personal Loan: This loan is for individuals employed in Central/State Government, PSU, Defense, and Paramilitary Forces, who have had a salary account with PNB for the last 2 years. The age of the applicant should be less than 60 years.

1. PAN Card
2. Aadhar should be linked with the registered mobile number.
3. Identity Proof: Any one of the documents – Passport, PAN Card, Ration Card, Aadhar Card, Voter ID Card, Driving Licence.
4. Address Proof: Any one of the documents – Passport, Aadhar Card, Voter ID Card.
5. eSign & e Stamping using NeSL. (Aadhaar OTP based)

PNB Insta Pension Loan: This loan is for retired individuals receiving their pension through PNB. The age of the applicant should be less than 70 years.

1. PAN Card
2. Aadhar should be linked with the registered mobile number.
3. Identity Proof: Any one of the documents – Passport, PAN Card, Ration Card, Aadhar Card, Voter ID Card, Driving Licence.
4. Address Proof: Any one of the documents – Passport, Aadhar Card, Voter ID Card.
5. eSign & e Stamping using NeSL. (Aadhaar OTP based)

PNB Insta e-Mudra Loan: This loan is for entrepreneurs who have a savings or current account with PNB and satisfactory account operations for the last 1 year. Applicant must be a businessman and aged between 18 to 60 years.

1. The applicant should be a businessman.
2. Udyam Registration Number is mandatory.
3. Should have active Saving/Current account with PNB for the past 12 months with satisfactory operations.
4. Aadhaar should be seeded in the bank account and with a mobile number.
5. Identity Proof: Any one of the documents – Passport, PAN Card, Ration Card, Aadhar Card, Voter ID Card, Driving Licence.
6. Address Proof: Any one of the documents – Passport, Aadhar Card, Voter ID Card.
7. eSign & e Stamping using NeSL. (Aadhaar OTP based)

How to Apply for a PNB Insta Loan?

Applying for a PNB Insta Loan is very easy. If you have a pre-approved offer for a PNB Instant Loan, you can get it by following some easy steps.

1. Visit the official website of Punjab National Bank www.pnbindia.in.
2. Click on the Online Services section and select Installations.
3. Choose between Personal, Pension, and e-Mudra Loans as per your requirements.
4. Enter any one of the registered mobile numbers, customer ID, or account number, and click on the Proceed button.
5. Fill in the required details
6. Enter your Aadhaar number.
7. Click on the ‘Submit’ button.
8. Enter the OTP received on your mobile for Aadhaar authentication.
9. Now, enter the required personal details and other information such as loan amount, and tenure.
10. Click on the ‘Next’ button to complete the process.

Insta Loan PNB Customer Care Number

PNB Insta Loan is a convenient and hassle-free way to get instant money for your personal or business needs. If interested, visit the website or call the customer care number for more details.

• Customer Care Number: 1800-180-2222, 0120-2490000
• Email ID: [email protected], [email protected]

FAQs Related to PNB Insta Loans