Types of PNB Personal Loans
| Type of PNB Personal Loan | Interest Rate (p.a.) | Loan Amount |
|---|---|---|
| Personal Loan Scheme for Public* | 8.90% onwards | Up to Rs.10.00 Lakh |
| PNB Doctor’s Delight | 7.90% onwards*** | Rs. 2 to Rs. 15 lakh |
| Personal Loan Scheme for Pensioners* | 7.90% onwards | Rs.25,000 to Rs. 10 lakh |
Furthermore, how can I check my loan eligibility in PNB?
CIBIL Score: When checking eligibility for a personal loan, PNB will check the your complete Credit report, including all past running loans and your payment track record on loans and credit cards. Higher credit score increases your the chances that your loan application from PNB will get approved.
Beside this, how do I calculate interest?
Simple Interest Formulas and Calculations:
Use this simple interest calculator to find A, the Final Investment Value, using the simple interest formula: A = P(1 + rt) where P is the Principal amount of money to be invested at an Interest Rate R% per period for t Number of Time Periods.
How many years FD will double in PNB?
The Punjab National Bank has been catering to the customer’s financial need for over 120 years, provides a new deposit product called the PNB Dugna Fixed Deposit Scheme. The fixed deposit will double you money in 109 months with the interest being compounded quarterly.
What is cc limit?
The cash credit limit loan in Delhi or CC limit is the maximum amount that you can overdraw from bank. However, the drawing limit is specified by the bank. Borrower has to pay interest on utilized amount only, not on limit sanction.
What is current Mclr rate of PNB?
| Tenure | PNB MCLR Rates |
|---|---|
| Overnight | 6.60% |
| 1 month | 6.65% |
| 3 months | 6.75% |
| 6 months | 6.95% |
What is OCC account?
What is the full form of OCC Account ? OCC – Open Cash Credit. “Open cash credit” account allows business owners to avail credit facility from their bank, without a need to formally apply for a loan. The account holder may utilize funds up to a sanctioned limit.
What is OD account?
OD account stands for Overdraft account. It is a type of account in which you can withdraw amount even if there is no fund in your account. The bank sanctions a specific limit and your account can go in negative up to that limit. You have to pay interest only on the amount taken as loan.
What is the interest of 50000 in PNB?
Punjab National Bank Fixed Deposit Returns Based on Investment Amount
| Investment Amount | For 3 years with interest of 5.25% | For 5 years with interest of 5.25% |
|---|---|---|
| ₹ 50,000 | ₹64972 | ₹64972 |
| ₹ 1 lakh | ₹129943 | ₹129943 |
| ₹ 2 lakh | ₹259886 | ₹259886 |
| ₹ 5 lakh | ₹649716 | ₹649716 |
What is the minimum salary for personal loan?
The minimum salary for a personal loan for salaried individuals is INR 25,000 per Month (for residents of Mumbai and Delhi) or INR 20,000 per Month (for all other locations).
What is the rate of interest for personal loan in PNB?
| Particulars | Salaried/Self-employed/Pensioners |
|---|---|
| Interest Rate | 8.90% p.a. to 14.45% p.a. |
| Processing Fee | Up to 1% of the loan amount |
| Loan Tenure | Up to 84 months |
| Loan Amount | Up to Rs.20 lakh |
Which bank gives personal loan easily?
HDFC Bank customers can get Personal Loans with minimal or no documentation. In fact, if they are pre- approved for a Personal Loan, they can easily apply for it. Lower interest rates: Interest rates on Personal Loans are lower than other sources.
Which bank is giving highest interest?
Fixed Deposit Interest Rates by Different Banks
| Bank | Tenure | Interest Rates for General Citizens (per annum) |
|---|---|---|
| ICICI | 7 days to 10 years | 2.50% to 5.50% |
| Punjab National Bank | 7 days to 10 years | 2.90% to 5.25% |
| HDFC Bank | 7 days to 10 years | 2.50% to 5.50% |
| Axis Bank | 7 days to 10 years | 2.50% to 5.75% |
Which is better cc or OD?
Both of these financial instruments are used to borrow money against hypothecation of inventory or financial statements.
| Cash Credit | Overdraft |
|---|---|
| The loan amount is based on the volume of stocks and inventory | The loan amount is based on financial statements and security deposit |