Punjab National Bank is one of India's oldest PSU banks with among the lowest starting rates in the market — plus dedicated pensioner schemes and education loan products.
Indicative Punjab National Bank interest rates (August 2026)
| Loan Type | Indicative Rate (onwards) |
|---|---|
| Home Loan | ~8.7% p.a. |
| Personal Loan | ~11.25% p.a. |
| Car Loan | ~9.0% p.a. |
| Education Loan | ~8.8% p.a. |
| Gold Loan | ~7.9% p.a. |
| Business Loan | ~11.5% p.a. |
| LAP Loan | ~9.8% p.a. |
Eligibility (typical)
Salaried: 21–58 years. Pensioners: dedicated schemes (many go up to 70+). Self-employed: ITR + business proof. CIBIL 750+ for the best quoted rate.
Application process
Apply online (PNB app/website) or at the nearest branch → documents + bank verification → sanction + processing fee → agreement + disbursal. Processing is typically a bit slower than private banks — start 2–3 weeks early.
Tips before you apply
Pensioner schemes are PNB's specialty — compare before standard products. PSU processing takes longer, so plan ahead. Women and lower-income segments get special schemes.
Frequently Asked Questions
A> Yes — dedicated pensioner loan schemes for central/state government pensioners with minimal documentation and quick processing.
A> Education loans cover tuition, hostel and other expenses — typically up to ₹20 lakh domestic and higher for abroad under RBI norms (indicative).
A> PSU banks like PNB usually quote lower starting rates than private banks, though processing can take a little longer.
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