PNB Personal Loan: Sometimes life throws big responsibilities at us a wedding in the family building a dream house, or maybe an emergency where money is the only solution. In such moments, a personal loan feels like the easiest way out. And if you’re thinking about taking it from Punjab National Bank (PNB), the obvious question is If I borrow ₹27 lakh, how much will my EMI be, and what salary do I need to qualify? Let’s break it down in the simplest way possible.
Interest Rate and Tenure at PNB
PNB offers personal loans with interest rates usually between 10.40% to 12% per annum. The repayment time can go up to 72 months (6 years). So the EMI depends on two things your repayment period and the rate the bank finally offers you (which is based on your credit score and profile).
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| Loan Amount | Tenure | Interest Rate | EMI (Approx) | Total Payable |
|---|---|---|---|---|
| ₹27,00,000 | 3 Years | 11% | ₹88,570 | ₹31,88,520 |
| ₹27,00,000 | 5 Years | 11% | ₹58,744 | ₹35,24,640 |
| ₹27,00,000 | 6 Years | 11% | ₹52,169 | ₹37,56,168 |
So if you choose 6 years, your EMI will be around ₹52,000 per month. Shorter tenure means higher EMI, but less overall interest. Longer tenure means smaller EMI, but you end up paying more in total.
Minimum Salary Needed
Banks don’t just check your loan amount; they also check if your monthly income can handle the EMI. Normally, EMI should not cross 40–50% of your take-home salary.
That means:
- If EMI is ₹52,000, your salary should be at least ₹1.2–1.3 lakh per month.
- If EMI is ₹88,000, then your income should be closer to ₹2 lakh per month.
On top of that, PNB will also see your CIBIL score (750+ is ideal), job stability, and any existing loans.
Why Careful Planning is Important
A personal loan is unsecured, which is why banks charge higher interest. It’s like taking a shortcut it helps instantly, but if you’re not careful with EMIs, it can mess up your monthly budget. Think of it like buying a big SUV on EMI. It feels great at the start, but only if your income supports it comfortably, otherwise every month feels like a struggle.
Conclusion
A ₹27 lakh personal loan from PNB will cost you around ₹52,000 to ₹88,000 EMI per month, depending on tenure. To qualify, your salary should be above ₹1.2 lakh with a strong CIBIL score. Personal loans can be a blessing during tough times, but only if you calculate properly and plan your repayment.
Disclaimer
This article is only for educational and general knowledge purposes. Loan rates, EMIs, and eligibility rules may change as per bank policy. Please check official details from Punjab National Bank or consult a financial expert before applying.
