PNB personal loan interest rate and EMI calculator
Punjab National Bank gives personal loans at 10.50% to 16.05% a year. On its site, PNB does not show the average rate that it charges. The calculator starts at 11.85%, the floating rate for a corporate employee with a PNB salary account and a CIBIL score of 800 or more. It also shows the processing fee, the annual percentage rate (APR) and the foreclosure charge. Verification date: 27 Oct 2026.
PNB personal loan interest rate and charges
| Interest rate | 10.50% to 16.05% a year (floating, RLLR 8.35% + spread, PNB Sahyog Rin scheme; fixed rates are 1% higher) |
| Average rate charged | Not published by the lender |
| Processing fee | 1.00% of the loan, plus a documentation charge of ₹270 (loan up to ₹2 lakh) or ₹450 (above ₹2 lakh). Nil for defence personnel + GST |
| Close early / part-payment | Nil (PNB's personal loan scheme page). |
| Loan amount and tenure | Up to 60 EMIs for defence personnel |
PNB rate by borrower
| Borrower | CIBIL 800+ | 750–799 | 681–749 | Below 681 |
|---|---|---|---|---|
| Defence or para-military, salary account with PNB | 10.50% | — | — | — |
| Government employee, salary account with PNB (or central gazetted officer) | 10.85% | 11.85% | 12.85% | 13.35% |
| Corporate or other employee with a PNB salary account, or government employee without one | 11.85% | 12.85% | 14.85% | 15.35% |
| Check-off (employer deducts the EMI from salary) | 13.35% | 13.85% | 15.55% | 16.05% |
Floating rates. Fixed rates are 1% higher. 750–799 includes borrowers with no credit history. PNB shows one rate for defence borrowers. Other PNB schemes: Swaagat (new customers, digital) 10.85% to 12.85%; pensioners from 10.85%.
PNB personal loan EMI table
EMI at 11.85% (the floating rate for a corporate employee with a PNB salary account and a CIBIL score of 800 or more). Your EMI is lower if the lender gives you a lower rate.
| Loan | 1 yr | 2 yrs | 3 yrs | 4 yrs | 5 yrs |
|---|---|---|---|---|---|
| ₹1,00,000 | ₹8,878 | ₹4,700 | ₹3,314 | ₹2,626 | ₹2,217 |
| ₹2,00,000 | ₹17,756 | ₹9,401 | ₹6,629 | ₹5,252 | ₹4,434 |
| ₹3,00,000 | ₹26,634 | ₹14,101 | ₹9,943 | ₹7,878 | ₹6,651 |
| ₹5,00,000 | ₹44,389 | ₹23,502 | ₹16,571 | ₹13,130 | ₹11,084 |
| ₹10,00,000 | ₹88,779 | ₹47,003 | ₹33,143 | ₹26,260 | ₹22,169 |
| ₹15,00,000 | ₹1,33,168 | ₹70,505 | ₹49,714 | ₹39,390 | ₹33,253 |
| ₹20,00,000 | ₹1,77,557 | ₹94,007 | ₹66,285 | ₹52,520 | ₹44,337 |
Cost of the rate on ₹5 lakh for 5 years
APR includes the highest processing fee with GST. It shows the full cost of the loan for each year.
| Rate | EMI | Total interest | APR |
|---|---|---|---|
| Lowest rate (10.50%) | ₹10,747 | ₹1,44,817 | 11.06% |
| Usual rate (11.85%) | ₹11,084 | ₹1,65,062 | 12.42% |
| Highest rate (16.05%) | ₹12,172 | ₹2,30,339 | 16.64% |
Foreclosure: cost to close the loan
5-year loan at 11.85%. The charge is on the balance that you repay, and you also pay GST.
| Loan | EMIs paid | Balance | Charge |
|---|---|---|---|
| ₹5,00,000 | 12 | ₹4,22,097 | Nil |
| ₹5,00,000 | 24 | ₹3,34,443 | Nil |
| ₹5,00,000 | 36 | ₹2,35,820 | Nil |
| ₹10,00,000 | 12 | ₹8,44,193 | Nil |
| ₹10,00,000 | 24 | ₹6,68,887 | Nil |
| ₹10,00,000 | 36 | ₹4,71,640 | Nil |
PNB and other lenders
The data comes from the site of each lender. If a lender shows the average rate that it charged, that rate is the most accurate guide to the rate that a usual borrower gets.
| Lender | Rate range | Average charged | Processing fee | Close early |
|---|---|---|---|---|
| State Bank of India | 10.00%–15.00% | 11.54% Apr–Jun 2026 | 1.50% (₹1,000–₹15,000) | Not on SBI's rate pages |
| HDFC Bank | 9.99%–24.00% | 10.89% Apr–Jun 2026 | Up to ₹6,500 | 4% / 3% / 2% (by EMIs paid) |
| ICICI Bank | 9.99%–16.50% | 11.60% Jul–Sep 2026 | Up to 2% | 3%; nil after 24 EMIs |
| Axis Bank | 9.99%–22.00% | 12.79% Jul–Sep 2026 | Up to 2% | 3% / 2%; nil for ₹10 lakh+ after 12 EMIs (own funds) |
| Bank of Baroda | 10.40%–18.05% | Not published | Up to 2% (₹1,000–₹10,000) | Nil (floating); fixed: ask |
| Punjab National Bank | 10.50%–16.05% | Not published | 1% + ₹270/₹450 documentation | Nil |
| Canara Bank | 9.95%–15.25% | Not published | 0.50% (₹1,000–₹5,000) | Nil |
| Bajaj Finance | 10.00%–30.50% | Not published | Up to 4.13% (incl. tax) | Up to 4.72% (incl. tax) |
Frequently asked questions
What is the PNB personal loan interest rate?
Punjab National Bank gives 10.50% to 16.05% a year (floating rate, RLLR 8.35% + spread, PNB Sahyog Rin scheme; fixed rates are 1% higher). On its site, PNB does not show the average rate that it charges. The calculator uses 11.85%, the floating rate for a corporate employee with a PNB salary account and a CIBIL score of 800 or more. The lender sets your rate from your income, employer, credit score and relationship with the lender.
What is the EMI for a ₹5 lakh PNB personal loan?
At 11.85%, the EMI is ₹11,084 for 5 years and ₹16,571 for 3 years. At the lowest rate of 10.50%, it is ₹10,747 for 5 years.
What is the processing fee for a PNB personal loan?
1.00% of the loan, plus a documentation charge of ₹270 (loan up to ₹2 lakh) or ₹450 (more than ₹2 lakh). Nil for defence personnel. You also pay GST at 18%. On a ₹5 lakh loan, the highest fee with GST is ₹6,431.
Can I prepay a PNB personal loan?
Yes. The PNB personal loan page shows that there is no prepayment charge. You can close the loan or pay part of it before the end of the tenure at no cost.
Sources
- PNB: Interest rates on retail advances linked to RLLR/MCLR (RLLR 8.35% w.e.f. 08.10.2026). Read on 27 Oct 2026.
- PNB: Personal loan for public (Sahyog Rin). Read on 27 Oct 2026.
- PNB: Service charges for retail advances. Read on 27 Oct 2026.
Lenders frequently change these rates. We examine them each month. Your sanction letter and Key Facts Statement show the rate and charges that you pay. Use the KFS / APR checker to examine them.