GIST of Retail Product- Sachin Katiyar , RSC Belapur -Updated up to 05.12.
2018
Scheme Purpose & Eligibility
Housing loan  Individuals & Joint owners (18-70
years). (By CH up to 75 Yr)
 Income of spouse and earning children
(RBD Advance- (whether married or unmarried) can
74/2018 ) be added for calculation of borrowers’
repaying capacity.
 Income of joint owners of the property
may also be added for calculation of
borrowers’ repaying capacity.
 Parents can also be made as
coborrower in cases where the
property isin the single name of
Son/Daughter or in the joint name of
Son and Daughter and their income
can also be clubbed for calculation of
borrowers’ repaying capacity.
 Parents (including Father-in-law and
Mother-in-law) can also be made as co
borrower, where property is in the
joint name of Son & Daughter-in-law
or Daughter & Son-in-law and their
income can also be clubbed for
calculation of borrowers’ repaying
capacity, with the prior approval of the
Circle Head
HL-OD All HL borrowers–new/existing/takeover
cases. (except for purchase of plot/ under
construction houses/ flats) (No IR irregular
((RBD Advance- should be o/s)
74/2018 ) Loaning Power:
Small- NIL, Med -- 15 L,
Scale III & ab.- 25 L (borrower wise)
PNB GenNext Objective: Providing housing finance to
Gen-Next salaried class Borrowers (IT
Professionals, PSBs/PSUs/ Govt.
Employees).
(RBD Advance- Purpose: For Construction/ purchase of
74/2018 ) ready to move in house/flat; For purchase
of under construction flat of
approved private builder;
Occupation: All salaried employees with
min 3 yr experience and Co-borrower will
also be salaried class.
PNB Flexi Objective: to offer attractive variant to the
customer, Scheme has allowed borrower,
Housing scheme
the advantage of substantial savings on the
intt component by facility to deposit his
(RBD Advance- surplus funds in the OD A/C & withdraw the
74/2018 ) same at his/her choice up to the extent of
OD limit.
Eligibility: Customers below the age of 50
yr. (The existing HL borrower be allowed
the benefit if their HL A/C is regular & no IR
irregularity is o/s).
Extent of loan
 For Purchase/Const of house: Need
based.
 Land/Plot: Max. Rs. 50 L
(By CH, up to Rs.100 L in Metro/ State
Capital and By ZOCAC 300 L at all centres
& 500 L at state capital & metro centres in
only in cases where land/plots are allotted
by State Development authorities/ State
Housing Boards) Moratorium Period- (in months)
 For purchase of Land/plot: Max 60% of
the eligible loan amt}
 Repairs/Renovations/alterations: Max.
25 L.
 Furnishing: 10 % of Housing Loan: Max.
25 L.
PNB Pride: Housing & Car Loan Scheme for
permanent Employee of Central/ State
Govt. / Defence personnel & paramilitary Loaning power:
forces:-- Rebate in ROI—0.05% & No Fee.
SOLAR POWER SYSTEM:
Loan Amount: Max. Rs. 5 L;
Margin: 20/25%,
Repayment Period:
 Max 30 Yr or age 70 Yr –No Mort.
 Max 36 Months—No Mort .
 ROI: MCLR + 2.10% =10.40%
Minimum: Rs. 50,000/-
Maximum: Rs. 25 Lac.
[80% of current RV of house, for loan
amount
Up to Rs. 75 Lac & 75% of current RV of
house, for Loan amount above Rs.75 Lac.]
Extent of Loan: 1.25 times of the loan amt
calculated as per the regular HL method
subject to maintenance of prescribed LTV
ratio.
Min Loan Amt: Rs 20 Lac.
Max Loan Amt: Need Based.
Min. Net Mly Salary: Rs. 35000/-
Age of Borrower: Up to the age of 40 yr.
Other co borrower whose income has been
taken for arriving loan eligibility—Max
upto the age of 45 yr.,
Where income of co-borrower has not
been taken for arriving loan eligibility and
they are co-owner—No Age bar.
NATURE OF FACILITY:
Term Loan – 80% and
overdraft -- 20%, ensuring margin of
20%/25%.
EXTENT OF LOAN: Borrower shall be
entitled to 20% increase in the original
total limit sanctioned after a lapse of 5 yr.
Repayment: The borrower shall be required to service the intt component only on the OD
facility.
 The EMI shall comprise of EMI calculated on TL component + intt on OD component.
Repayment period
 CH & ab. may relax up to the age of 75
years)}
 Construction/Purchase/Addition/built
up house or flat/land/plot: Max. 30
years (including moratorium Period)
 Repairs/Renovation/Alteration: Max. 15
years (including moratorium Period)
Purchase of House/Flat/Plot 3M
Const./Addition of 18 M
house/Flat
Repairs/renovation/alterati 6M
on
Under construction 36 M
Flat/House by approved
private builders
 Up to S-II—Normal TL Power i.e. 50% of
secured FB power;
 SIII (I/C) OR S-IV—125% of TL power, if
PNB score is less than 60 and 150% of TL
power, if PNB score is 60 & above.
For Housing Finance Scheme For
NRIs/PIOs
Please refer RBDA Cir: 102 dated 22.11.17
 Account to be renewed annually.
 If intt is not serviced within 7 days of
the close of the month:-- Penal intt @
2% over on the amt of default and for
the period of default.
 If intt is not serviced consecutively for
two months, Bank may consider
recalling the OD including HL.
Moratorium Period:
Under construction flats of approved Pvt.
Builders: Upto 36 months plus remaining
period of possession subject to max. 60
months.
In other cases: Max. 36 months.
(Intt. To be serviced as & when levied)
Period Monthly
Repayment
During Mora Only Int
Next 120 M EMI based on 360
M repay
Remaining Remaining O/s
For borrower –
Below 55 yr –Servicing of intt as and when
charged up to age of 55 yr.
55 yr & ab- On monthly reducing DP Max.
Up to the age of 65 yr.
Margin ,ROI & Security Other Imp Guidelines ( 1 yr MCLR-8.45 % wef 01.08.18)
Margin NMS /I Max Per Dedcution
Loan up to Rs 75 L: 20% Up to Rs.30000 40 %
Loan above Rs 75 L: 25% >Rs.30000- Rs.60000 50 %
Purchase of Land/Plot: 25% >Rs.60000- Rs.100000 60 %
>Rs.100000 70 %
ROI – (Deductions—10% extra power by CH/COCAC)
Floating
 Up to 75 L- MCLR+0.25% = Upfront Fee- 0.35% of loan amt. Max-Rs. 15000/- & Min 2500/-
 Above 75 L- MCLR+0.30% =
(For Woman & PNB Pride: Rebate of 0.05%) Takeover- Rs 2500/-
Fixed: Floating+0.50% Documentation chg- Rs. 1350/-
{Pre-payment charge: 2% on fixed rate HL, if borr Classification of housing loan under priority sector:
shift HL to other banks/FIs.} HL to individuals up to Rs. 35 L in metropolitan centres (with
population of 10 L & ab.) and HL up to Rs. 25 L in other centres ,
Security: EM/RM of house/ flat/ plot purchased. provided the overall cost of the dwelling unit should not exceed
Rs. 45 L and Rs. 30 L, respectively. HL to banks’ own employees
In case of where flat under construction Tri partite will be excluded.
agreement required even in Maharastra.
Note:-If plot/land is sold or account has been closed without
In case of Multiple location scenario loan should be
construction both within 5 years from date of first disbursement,
sanctioned from the place of present residence.Ch
rate of interest applicable to Commercial Real Estate with
can waive this condition.
corresponding PNB Score/Risk rating score will be charged from
the date of first disbursement of loan.
Margin:  Upfront fee – NIL,
 20% - Up to 75L  Doc. chg– Rs.450/- + ST
 25% - Ab. 75 L  Scheme Code: ODPRH; -
 Intt. Table Code- ODPUM
ROI: MCLR+1.40% Enhancement of the existing OD limit within overall ceiling of Rs
Security: Extension of existing EM/RM. 25 Lacs may be permitted only in such cases where the Housing
loan is still continuing and not in case where Housing Loan has
NRI/PIO HL not eligible for ODHL been adjusted.
Margin:  Term insurance of at-least equal to loan amount be
Loan up to Rs 75 lac- 20% mandatorily obtained. Cost of premium may be financed at
Loan above Rs 75 lac- 25% the option of the borrower(s).
Purchase of Land/ Plot – 25%  No additional 10 % deduction under CH.
 Net Monthly salary = Gross Salary – Statutory Deductions,
ROI: SAME AS HL such as Income Tax, PF etc.
 Scheme Code-HLGEN
Security- EM/RM of house/ Flat / plot
ROI: Same as HL & HL-OD  OD drawing limit will be enhanced on regular basis at yearly
intervals.
Upfront Fee/Processing  The enhancement in OD drawing limit be allowed up to the
Fee/ Documentation charges: Same as HL. extent of reduction in TL amount.
 The first such revision of OD drawing limit facility be allowed,
after a period of 03 yr and thereafter on yearly basis, at the
request of the borrower only.
 Aggregate of limits under TL & OD components shall not
exceed the original total limit sanctioned for the first 5 Y.
 OD limit can be enhanced max up to 50% of the loan amt
 Scheme Purpose & Eligibility
Purpose: Loan be allowed for all purposes,
except for purchase of land/plot.
PNB Max Saver Objective: To attract HL borrower especially
high income group who prefer to park their
HL (TL/OD)
excess funds in loan account for interest
benefit in order to increase Housing Loans.
(RBD Advance-
74/2018 ) Purpose: Loan under this variant be allowed
for all purposes, which have been specified
under HL scheme (except Housing Loan for
Purchase of only land/plot which is not
permitted under this scheme).
Eligibility:
 Prospective borrower: As per our
existing housing loan scheme.
 Existing borrower: Where complete
disbursement has been made.
EMD Scheme Purpose: For meeting Earnest Money
Deposit (EMD) requirements to apply for
allotment of Plot/Flat /House under the
(RBD (A)- Schemes floated by State Housing Boards
91/2018) (SHB)/Urban Development Authorities
(UDA)/ Local Improvement Trusts.
Eligibility: Individuals, Joint Owners.
PMAY  Credit Linked Subsidy Scheme for
EWS & LIG EWS/LIG beneficiaries.
 EWS/LIG individuals with Max. Gross
family income of Rs 3.00 Lac (EWS) and
(RBDA:CIR: Above Rs 3.00 Lac & upto Rs 6.00 Lac
75/2018) (LIG).
NMS/I Max. Ded.
of NMS/I
Up to Rs. 30000 40 %
>Rs. 30000-Rs.50000 50 %
PMAY Purpose: For acquisition/ construction of
MIG house (including repurchase). {Loans for
Repair/ Renovation/ Extension of existing
dwelling unit are not eligible for subsidy
(RBDA:CIR: under the scheme.}
76/ 2018) Eligibility: Individuals from MIG category.
Joint owners from the same family are also
eligible. The beneficiary family should not
own a pucca house either in his/her name
or in the name of any member of his/her
family in any part of India AND not availed
of central assistance under any housing
scheme from Govt of India.
Beneficiary: A beneficiary family will
comprise husband, wife, unmarried sons
and/or unmarried daughters. An adult
earning member (irrespective of marital
status) can be treated as a separate
household; Provided that he/she does not
own a pucca house in his/her name in any
Extent of loan Repayment period Margin ,ROI & Security Other Imp Guidelines ( 1 yr MCLR-8.45 % wef 01.08.18)
 On customers attaining the age of 55 years the OD facility shall be allowed on monthly sanctioned.
reducing DP basis, with reduction commencing from the month following the month  The earlier loan may be adjusted through proceeds of loan
when the customer attains the age of 55 years so as to ensure that whole of the OD sanctioned under this variant.
limit, including TL limit, is adjusted by the age of 70 years. CH & ab. may relax
repayment period up to the age of 75 Yr.
EXTENT OF LOAN: Overdraft on monthly REPAYMENT: As per existing HL scheme to RATE OF INTEREST: (Under floating option only) Housing Finance Scheme for Public.
reducing Drawing Power (DP) basis: Public. - Conversion Charges:
Up to Rs 75 L Above Rs  If customer has paid Upfront Fees & Documentation
Minimum – Rs. 10.00 Lac Drawing Power on the OD will be reduced 75 L Charges at the time of availing HL: Rs 2500/- + GST
Maximum – Need based on monthly basis to the extent of the Women MCLR+0.35 MCLR+0.40  If customer has not paid Upfront Fees & Documentation
(as per “Housing Finance Scheme for principal component of the EMI so that the / Charges at the time of availing Housing Loan i.e. loan is
Public) overdraft is liquidated at the end of the Pride sanctioned under Bonanza Offers or charges have been
loan tenure. Other MCLR+0.40 MCLR+0.45 waived by the competent Authority: Charges as per extant
In respect of existing Housing Loan guidelines applicable to HL.
borrowers, present outstanding of the Interest will be recovered as and when  Scheme Code- TLMAX, ODMAX
loan amount be taken into consideration levied.
for conversion of loan under this variant.
EXTENT OF LOAN: 100% of EMD subject to To be adjusted through refund order /HL or Margin: NIL Intt Table Code: EMDML
Max Rs. 15 Lac. through own Sources in bullet payment. ROI: MCLR + 0.10% Advance Code-HFEMD
Loaning power: Incumbents of authorized Upfront fee & documentation charges: NIL
branches (by CH) after entering into SECURITY: The amount deposited with {Six months Intt on loan amt to be recovered
MOU/Letter of Comfort with the State State Housing Board/ Urban Development upfront on refundable basis for completed month.} Individual loan accounts must be opened for different
Housing Boards/Urban Development Authority/ Local Improvement Trust. applications under the EMD scheme instead of opening of one a/c
Authorities/ Local Improvement Trusts. GUARANTEE: NIL for group of borrowers.
 Loan Amount: Max Rs 30 L. Up to age of 70 years Margin:  The beneficiary family (comprise husband, wife and
 Disbursement of loan in maximum 4 or  Loan up to Rs 10 L-10%, unmarried children) should not own a ‘pucca’ house either
installments. Repayment period 30 years, including  Loan ab Rs 10 L & upto Rs 30 L- 20% in his/her name or in the name of any member of his/her
 Proc. Fee & Doc Chg: NIL moratorium Period, whichever is earlier. (Cost. of stamp duty, registration etc. may be for the family in any part of India. An Affidavit to this effect is to be
 Scheme Code- TLPHA purpose of calculating LTV ratio in cases where the obtained.
 Additional details in “ADPMAY’ cost does not exceed Rs.10 L)
Carpet Area-  House should be in the name of female member or in the
ROI: As per Housing Loan to public scheme. joint name of male head & his wife, and only in cases when
30 Sq mtr- EWS there is no adult female member, the house can be in name
60 Sq Mtr –LIG SUBSIDY: Subsidy is available @6.50 % for Max 20 of male member, is applicable only for new purchases and
(Exclusive balcony or verandah area and years/ or tenure of the loan, whichever is lower on not for new construction (on an existing piece of land) or for
exclusive open terrace area but inclusive loan amount up to Rs. 6 Lac with maximum Subsidy enhancement/ repairs of an existing house.
of internal partitions) amount will be Rs 220187/- Interest subsidy will be  Fee- Rs 3000 (upto Rs 6 lac-NIL)
credited to loan account after receipt of the same  Scheme code-TLPHA
from NHB.
Loan Amount: Need Based as per the existing housing loan scheme.  As per the existing housing loan scheme.  The scheme has been implemented initially in 2017 for a
 Rate of Interest: As per the existing housing loan period of one year w.e.f. 01.01.17, upto 31.12.17. Now, the
Maximum loan tenure: As per existing HL scheme. But, subsidy will be available for a max scheme. Loan will be allowed under Floating time period has been extended by 15 months beyond the
period of 20 years on Notional Basis. Loan for period beyond 20 years will be on non Rate Option only. approved one year i.e. up to 31.03.19.
subsidised rate.  New/separate variant under PNB Score (named  All Statutory Towns as per Census 2011 and towns notified
“Housing Loan for EWS/LIG under PMAY subsequently will be eligible for coverage under CLSS for
Particulars MIG I MIG II Scheme) has been created for CRR MIG.
Household Income (Rs. p.a.) Ab. 6 L upto 12 L Ab. 12 L upto 18 L  Scheme Code- TLPHA  Accounts opened on or after 01.01.2017 under Scheme
 Additional details to be filled in Menu option Code TLPHL & TLPHA and fulfilling the criteria of CLSS - MIG
Interest Subsidy (p.a. 4% 3% “ADPMAY’ are eligible for subsidy under CLSS.
 Processing Fee & Documentation Charges: Loan  The Credit Linked Subsidy will be available only for 20 years
Eligible Housing Loan Amount for 9L 12 L up to or during the tenure of loan whichever is lower. Additional
Interest Subsidy  Rs. 9L in MIG-I – NIL, loans beyond the specified loan amount, if any, will be at
 Loan up to Rs. 12 L in MIG -II – NIL. nonsubsidized rate.
Carpet Area of Dwelling Unit 160 Sq. m . 200 Sq. m.  Beyond above: As per HL scheme.
Credit Linked Subsidy: The subsidy will be available at the
Discount Rate for Net 9% 9% following rates:--
Present Value (NPV) MIG-I = 4% (Loan upto Rs 9 L) Max—Rs 235068.00
MIG-II = 3% (Loan upto Rs 12 L) Max—Rs 230156.00
 Scheme Purpose & Eligibility Extent of loan Repayment period Margin ,ROI & Security Other Imp Guidelines ( 1 yr MCLR-8.45 % wef 01.08.18)
part of India AND in the case of a married (Loan beyond the eligible limit as above will be on non-subsidised
couple, either of the spouses or both rates)
together in joint ownership will be eligible
for a single house, subject to income
eligibility of the household.
Education loan  PNB Saraswati: pursuing higher, PNB Saraswati: Saraswati Udaan, Honhaar:-- Margin Upfront Fee –
professional and technical education - Max. Rs.10 L for studies in India. Saraswati &
in India. Cutoff mark 50 % & 60 % for - Circle Head -- need based loans above 15 yr with moratorium period = course Upto 4 Lac –NIL; Above 4 Lac – 5%.  NIL for studies in India.
RBDA:CIR: SC/ST & general respectively if these ceilings. period + 1 yr. PNB Udaan:  1% with Min. Rs 10,000/- for studies abroad (refundable)
PNB Saraswati: admissions without entrance test. - Branch Head of RAPC (CM & above) & Upto 4 Lac –NIL; Above 4 Lac – 15%.
77/2018 Incumbents of ELBs and VLBs shall be PNB Kaushal:- PNB Pratibha: Documentation charges
 PNB Udaan: For pursuing higher, vested with powers for sanctioning upto (i) 118 Institutes at Annexure-E: NIL
PNB Udaan: professional and technical education Rs.30 L for studies in India. Repayment- PNB Kaushal & Honhar : Margin – NIL;  upto Rs. 4 lac – Rs. 270/-+ taxes
abroad.  Over Rs. 4 lac - Rs. 450/- + taxes.
77/2018 PNB Udaan:  For loans up to 50000/- 3 yrs
 PNB Pratibha: For students of 104  Max. Rs. 20 L for studies abroad.  From above 50000/- to Rs.1 lac- 5 Y ROI: Other Guidelines
PNB Pratibha: Premier institutes in India.  Branch Head of RAPC (CM & above) &  For loans above 1 Lac:- 7years. PNB Saraswati/Udaan:
77/2018 Incumbents of ELBs and VLBs shall be Loan up to Rs.7.50 L--MCLR+2.00%  Reimbursement of fee available within six months from
 PNB Kaushal: For pursuing vested with powers for sanctioning Moratorium:-- Loan ab. Rs.7.50 L--MCLR+2.60% the date of payment of fees on individual merits of the
Vocational Education & Training / upto Rs.40 L for studies Abroad. Loans irrespective of amt (where 100% case.
PNB Kaushal: Skill development courses of  Circle Head -- Need based loans above For courses of 6 M from the tangible coll. Sec. and/or liquid sec. is  The expenses, which could be considered max upto 10%
78/2018 duration of 2 months to 3 years. these ceilings. duration up to 1 yr completion of available)-- MCLR+1.85% of the total tuition fees for the entire course for deposit,
course Children of Staff: MCLR+0.10% lodging & boarding
PNB Honhaar:  PNB Honhaar: Students done class X PNB Pratibha: For courses of 12 M from the {For PNB Udaan: For 200 Premier Foreign  The expenses max up to 20% of total tuition fees for the
and class XII from Delhi & wish to Max. Rs. 35L/15L(For 118 Inst. in Ann-E) duration above 1 yr completion of Inst: MCLR+1.85% entire course: Purchase of books, uniform etc.)
79/2018 10 L (For 81 Inst in Ann-F)
pursue diploma or degree level course PNB Pratibha:  Concession for female students: 0.50% in ROI for o/s upto
(only for Delhi courses or specified skill Loan up to Rs.7.50L--MCLR+0.60% 10 L & 0.25 % for o/s ab. 10 L.
branches) development courses in Delhi only PNB Kaushal: (for IIT/IIM-MCLR+ 0.50%) {No concession of staff child)
are eligible. Rs. 5000/- to Rs.1.50 L Loan ab. Rs. 7.50 L -- MCLR+0.10%  1% Intt concession: servicing of intt during study period
(For IIT/IIM-MCLR) and regular repayment thereafter.
PNB Honhaar: PNB Kaushal: Loan up to Rs. 1.50 L (Covered  Penal interest: Upto Rs. 25000/ - NIL and ab Rs. 25000as
Max. Rs.10 L (For Studies in Delhi) under CGFSSD) –MCLR + 1.50% applicable to Retail Adv presently 2% on the default /
Children of PNB’s Emp—MCLR + 0.50% , irregular portion.
Others--MCLR+0.10%  Revised Education Loan Application Form: PNB 1218-A
PNB Honhaar:
Loan up to Rs. 10 L -- MCLR+2.00%
Security (PNB Saraswati, Udaan)
i) Up to Rs. 4 L: Parent(s)/guardian be made
joint borrower (s). No Security.
ii) Above Rs. 4 L and upto Rs. 7.50 L: Besides
the parent(s)/guardian, Collateral security in
the form of suitable third party guarantee be
taken.
iii) Above Rs. 7.50 L: Parent(s)/guardian be
joint borrower(s) and Tangible collateral
security.
PNB Kaushal & Honhaar: No coll. Sec..
Car Loan Purpose- 25 times net monthly salary/income/ New vehicles – 84 months MARGIN: For new vehicles: -Tie up arrangement with: Maruti, Tata Motors, M&M, Honda,
a) New Car/Van/Jeep /MUV/SUV; pension. Max. Rs.100 L. (for 1 or more Old vehicles – 60 months.  15% of on road price (CH discret. 10%) Force,
b) Old Car/ Van/ Jeep/ MUV / SUV, not vehicles) {Persons in agriculture & allied activities: 7  Tie up arrangement: 10% of on road price OR Eligibility per Car dealer per FY % of loan
(RBDA: CIR older than 3 yr. Business Concerns: No Ceiling. years (new vehicles) or 5 years (old NIL on Ex-showroom price. Amt)
83/2018) vehicles) For old vehicles: No. of Loan Amount
Eligibility: NMS Deduction {Repayment within 65 yr of age of the  30% of depreciated value @15 %) vehicle
 For Private use: Individuals & Joint Up to Rs.30000 40 % borrower, up to 70 yr by CH & above.} Upto 10 Upto Rs. 40 L 1.50%
Borrowers (parent(s)/ spouse/ Earning >Rs.30000- Rs.100000 50 % ROI: A) Irrespective of CICs Score: 11 to 40 Ab Rs. 40 L & upto Rs. 1.25 Cr 1.70%
Children) >Rs.100000 60 % Under PNB Pride: ROI—8.80 %, full waiver Floating: Above 40 Above Rs. 1.25 Cr. 1.95%
 Business concerns (Corporate and of upfront/ processing Women/PNB PRIDE/Corp: MCLR+0.60%
Noncorporate). For Agriculture income- fees and documentation charges for Fixed: For All:-- MCLR+0.95% Eligibility per Sales executive per FY
 Minimum net monthly salary/ (PSFID cir. no. 135 dated 30.12.2017 permanent Employees of B) As per CICs Score: Upto 10 Upto Rs. 40 L 0.25 %
Pension/ Income – Rs. 20, 000/-. Central/State Govts/Defence personnel & For Others Individual: Floating: 11 to 40 Ab Rs. 40 L & upto Rs. 1.25 Cr 0.30 %
 Income of spouse/parents/Earning paramilitary forces. CIC Score 750 & ab — MCLR + 0.60% Above 40 Above Rs. 1.25 Cr. 0.35 %
children (maximum 1) can be added. CIC Score 700 - 749 — MCLR + 0.80% Dealer Code under “Free Text 10” in MIS Details of the loan
CIC Score less than 700 -- MCLR + 1.05 account
 Scheme Purpose & Eligibility Extent of loan Repayment period Margin ,ROI & Security Other Imp Guidelines ( 1 yr MCLR-8.45 % wef 01.08.18)
Loaning Power: GUARANTEE/ COLLATERAL SECURITY: The branch will debit revenue code “1142224 – other expenses
Ind/Sol Busi Con Third party guarantee / collateral security is Service charges payable to Car Dealers under Tie-up” & make
Pro waived in following cases:-- payment to CO on demand.
I NIL NIL i) Permanent Employees of Central Govt./State
Govt./PSUs/MNCs/Listed Processing/Documentation charges:
II 7.50 7.50 Companies at BSE or NSE;  Up to Rs 6 Lacs-Rs 1000 +GST
III 25 TL Power ii) For other than salaried class borrower(s) where  Above Rs 6 lacs- Rs 1500 +GST
ex – showroom cost of the car is exceeding Rs. 6 L. charges on account of Retail Advances to the correct
IV 100 TL Power  Branch to check creation of hypothecation revenue sub head <Sol Id> “ 2032504
charge in favour of bank by sending SMS,  No Doc /Processing charges for PNB Pride
V & ab 100 TL Power
<VAHAN> space <Car Registration No> to  Scheme Code-TLPVL
CH & ab TL Power TL Power 7738299899.  Purpose Code-VEHFR
 Reimbursement is allowed up to 3 months from
the date of invoice .Up to 1 month within Branch
power,3 month CH Power
Two wheeler  Customers with at least 6 M (Engine capacity 200 CC & above) –  For Scooters/M-Cycles – 60 EMIs. Margin:  Upfront Fee – Rs.275/- + taxes (for students- NIL)
PNB Sarthi satisfactory record OR Maximum Rs. 3.00 Lacs.  For Scooter – 30 EMIs 10% (Salary through Bank/Check-off facility)  Documentation charges- Rs.275/- + taxes.
 New customer with satisfactory track b) For all other Two Wheeler Maximum  For Mopeds – 24 EMIs 25% (Business Concerns)
record of last 01 yr with other Bank/ Rs. 1.50 Lacs. ROI:
(RBD(A) Cir No- FI in the (CH/COCAC & ab: Loans of above Rs.3 L) Repayment Less than More than NMS Deductions
84/2018)  Age group of 18 years and 60 years Income Criteria: Min Net Mly Income of 3 yr 3 yr Up to Rs.30000 40 %
 Holding a valid DL Rs.10,000/- p.m.; Salary through MCLR + MCLR + >Rs.30000- Rs.100000 50 %
 Salaried individuals drawing salary  In case of students, Income/salary proof our Bank 3.25 % 3.75 % >Rs.100000 60 %
from our bank or under check off of parent/guardian who will be co-
facility from the employer/ borrower be considered; Other /Business MCLR+ MCLR+
 Students of 18 yr & ab. With salaried  Income of spouse can be considered for concern 4.25 % 4.75 %
parent as coborrower drawing salary determining the income criteria;
from our bank/Business concerns  Income of business concerns be verified Security:
from Income Tax Returns filed and  Hypothecation of vehicle.
challans for Tax Deposited.}  JRC with RTO.
 Third party guarantee: For loan ab. 25000/-
(Circle Head may waive the guarantee)
Two Wheeler Purpose-New Two-wheeler (Scooter / Max Rs 60,000/- Max. 36 Months. Margin: 10% of Ex show room price.  Scheme Code: TLPVL,
PNB Power Rider Moped / Motorcycle etc., only to Women Max. Permissible Deduction: 50% of NMS  Interest Table Code: 2WSWL
borrowers. / NMI Income – Min Rs. 8000 p.m. {NACH/ECS mandate and/or PDCs for the ROI: MCLR+1.75%  Upfront fee: Rs. 500/-+ST;
Proof of Income: period of loan shall be obtained.}  Documentation Charge: NIL
(RBAD Cir No- Eligibility: i) Latest 3 salary slips along with Form
84/2018 )  Salaried with Min 6 M service; 16/ITR of previous yr in case of Security: SECURITY INSPECTION:
 Self employed with experience of salaried borrower;  Hypothecation of vehicle.
more than 1Yr; ii) ITR of previous yr in the case of self  Joint Registration & Insurance of vehicle with  First inspection at the time of financing on PNB 551. For
 Student with their parents/ guardian employed individuals; {Stipulation Bank clause. irregular & NPA A/C, inspection on quarterly or shorter
as co-borrowers; of obtaining ITR may be waived off  Suitable Guarantee acceptable to the intervals on PNB-551.
 Age 18 to 65 yr holding valid DL in cases where the income declared sanctioning authority. Guarantor may be a family  Undertaking from the borrower that he/she will take a
 Having bank account for at least 6 M by the borrower is less than the member and/or third party. comprehensive insurance policy with agreed Bank clause in
ceiling prescribed under Income Tax However cross guarantees are to be avoided. respect of two wheeler financed by bank & Copy of
Act for filing mandatory ITR. Self Insurance Policy shall be provided to bank.
Declaration in the form of Affidavit
in case of non ITR.
Pension Loan Pensioners (Ex employees of our Bank & EXTENT OF LOAN: Min—Rs. 25000/- - Max. 60 Months. Margin: NIL  Scheme Code- TLPPL /DLPPL.
DPDO pensioners included) drawing Age of Max Loan Amount - For above 75 years age: Max. 24 M. Deductions not to exceed 50% of NMS/NMI.  Interest Table Code: PTPEL
pension through our branches. Borrower  Upfront Fee- NIL.
( RBD(A) Cir No- Age upto 70 18 times of net mly ROI: MCLR+2.80%  Documentation charges – Rs 500/- + taxes.
87/2018 ) Yr pension (Defence  Nature of Loan: DL/TL/OD on monthly reducing DP basis.
Pensioners – 20 times) OR Security:
Max. Rs.10 Lac,  Guarantee of spouse eligible for family pension
whichever is lower.
to be obtained.
Ab. 70 yr & 18 times of net mly
 Where loan is given to family pensioners,
upto 75 yr pension (Defence
Pensioners – 20 times) OR guarantee of earning children (Preferably Govt.
Max. Rs.7.50 Lac, Employee) to be taken. If no earning children,
whichever is lower. Third party guarantee with net means of equal
Ab. 75 yr 12 times of net mly or more than loan amount, to be taken.
pension OR Max. Rs. 5.00
Lac, whichever is lower.
 Scheme Purpose & Eligibility
Personal Loan Eligibility:
Permanent/Confirmed employees of
Defense / Central / State / PSUs / Reputed
(RBAD Cir No- Companies / Schools / Colleges (Doctors
86/2018) with annual income of Rs 4.0 L & ab)
- Individuals drawing salary through our
Bank/availing loan under check-off
facilities.
Advance against  Adv. against the security of gold
jewellery / ornaments and Gold Coins.
Gold Jewellery
 For productive / Non-productive
purposes, but not for speculative
(RBD(A) Cir No- purposes.
85/2018 &  No loan against bullion, primary /
RBD(A) Circular smuggled gold and against repledge of
gold.
No. -90/2018)
 The rate of 22 carat Gold for finance
against Gold Jewellery has been
reviewed by the RBD based on average
of the closing price of 22 carat Gold
for preceding 30 days OR The present
price, as quoted by the India Bullion
and Jewellers Association Ltd,
whichever is lower.
Mortgage Loan Eligibility: For Personal Needs: IT Assessee,
below the age of 60 yr.
(RBDA:88/2018) For Business Enterprises: Existing
customers with a satisfactory track record
of 03 yr (cash profits during last 03 yr and
net profit in the immediately preceding
year) belonging to categories : Retail
Traders / Wholesale Traders, Professionals
& Self employed, Small Business Enterprises
in the service sector, Manufacturing
Concerns, which are functioning / operating
their business / profession as: Individuals /
Sole –Proprietorship firms / Partnership
firm / Proprietorship Concern of HUF / Pvt.
Ltd. Companies / Public Limited Companies
/ Limited Liability Partnership (LLP)
Extent of loan
Amt of Loan & Min Net Mly Income
A. Min Amt of Loan will be Rs. 50000/-
and maximum amount of loan Rs. 4
Lacs or 20 times mly net salary
whichever is lower depending upon
the repaying capacity subject to
minimum NMS as under:
 Metro Centres: Rs.15000/-,
 Urban: Rs.12500/-,
 SU/ Rural: Rs.10000/-
 Teacher/Defence- Rs.7500/-
B. Rs. 5 Lacs or 20 times mly net salary
whichever is lower for those Salaried
persons having completed service of 3
yr in the present organization &
drawing net mly salary of not less than
Rs.30,000/- p.m.
C. For Employees drawing Sal through our
bank & having 3 yr exp in present
organisation-limit of Personal Loan be
15 times of monthly net salary or Rs.10
L whichever is lower .depending upon
the repaying capacity with minimum
NMS as under:
 Metro Centres : Rs.50000/-,
 Urban Centres : Rs.40000/-,
 Semi- Urban/ Rural : Rs.30000/-
Productive purposes –
Need based, without ceiling.
Non-productive purposes –
Max. Rs.10 Lacs.
- Loan to Individuals/ Business
Enterprises.
- Gold loans are to be sanctioned
keeping in view the interest and
principal repaying capacity of the
borrower.
For Personal needs: Min 1 L, Max 25 L
For Business needs: Min 5 L, Max 500 L
Income Criteria:
For salaried and other IT assesses: Min net
mly salary of Rs.10,000/- for last 03 yr. Or
For other IT assesses min net annual
income of Rs.1,20,000/-
- Income of spouse / earning children /
parents / partners / Directors can be
added for assessing repaying capacity
(made co-borrowers). But, if the facility
is being considered to Business
enterprises (firm), individuals whose
income is taken into consideration for
monthly installment or for servicing of
interest (for determining loan amount)
be made Guarantors.
Repayment period
Max. 60 months or remaining period of
service, whichever is earlier.
Sanctioning Authority to ensure that
Repayment period allowed is
commensurate with likely period of stay of
the borrower.
 DL: Max 12 M. (Agriculture and Non
agriculture)
 OD : Yearly renewal Intt to be paid
as and when levied.
 Repayment through Bullet Payment
i.e. payment of intt and principal at
maturity.
 Max. 120 EMIs OR upto the age of
65 yrs, whichever is earlier
{By CH & ab upto 70 yr}
 TL/OD on monthly reducing DP. DP
will be reduced on monthly basis to
the extent of the principal
component of the EMI calculated on
full sanctioned limit
 Renewed/ reviewed annually.
Margin ,ROI & Security Other Imp Guidelines ( 1 yr MCLR-8.45 % wef 01.08.18)
Margin: NIL
Net Monthly Salary / Inc. Max. Ded. of  Upfront Fee – 1.80%+taxes.
NMS/I  Documentation charges –
 Upto Rs.2 L – Rs.270/- and
Up to Rs.30000 30%  over Rs.2 L – Rs. 450/- + taxes.
>Rs.30000 – Rs.60000 40%  {For Defense Personnel – Both charges NIL}
>Rs.60000- Rs.100000 50%  Irrevocable letter of authority authorizing the employer to
>Rs.100000 60% remit salary-cum-letter of acknowledgement from employer.
** Circle Head/COCAC & above, shall permit higher
%age deduction of NMS/I subject to Maximum 10%
over & above the prescribed ceiling. Scheme Applicability:
 Branches having a recovery rate of more than 90% and
ROI: NPA level are not more than 2% under the Personal Loan
 Loan upto Rs.10 L-whose sal disb thr our br - segment as at the end of previous financial year.
MCLR+3.55%  NPA level more than 2% but upto 5% is concentrated in
 Loan upto Rs. 5 L-Under Check off facility – not more than 5% account under Personal loan scheme
MCLR+5.55% as at the end of previous financial year.
 For Others upto Rs. 5L- MCLR+6.55%
 Loan ab Rs. 5 L-10L sal not disb thr out br-  Approval from Circle Head for Pvt Company is required for
(Field functionaries are not empowered to every block of 25 loans to consider their employee for personal
sanction these cases) – MCLR + 4.55% loan.
Security:  Scheme code-TLPDG & ODPER
- Suitable third party guarantee acceptable to the
Bank. (CH may waive the guarantee)
Margin: - Natur of Facility: DL / OD
i) 35%, if borrower opts for bullet repayment - Upfront Fee – 0.25% + taxes
ii) 25%, if borrower opts to pay interest as and - Documentation charges – Rs. 250 +taxes.
when levied. - For Rate of gold refer RAD Circulars issued on 1st of every
{LTV ratio not to exceed 75% of the value of month.
security during the entire currency of loan.} - CR not required for advance upto Rs. 10000/-, Above Rs.
ROI: 10,000/-, brief CR on PNB-905.
Productive For agriculture MCLR + 1.60% - Purpose & genuineness of the credit is to be ascertained and
Purpose end use of funds to be ensured.
Others MCLR + 2.60% - Exempted from application of PNB Score.
- Disbursement of the loan in the SF A/C of the borrower.
Non- Public / Staff MCLR + 2.60% - VALUATION CHARGES: Rs.3.00 per thousand maximum
Productive Rs.300/-
Purpose
Security: Gold jewellery, ornaments and Gold coins
issued by any schedule bank/our bank. {Weight of
the coin(s) does not exceed 50 grams per
customer.}
Margin – 25% Security – EM of IP  TL – Upfront Fee -- 0.90% Max.45000/- + taxes.
ROI: As per CRR  OD – Processing Fee – Rs.300 per Lac or part, Doc.
Max. Permissible Deduction of Charges – Rs.1500/- + Taxes.
NMS / NMI / ANPAT:  Scheme Code: TL -- TLPIP, OD – ODIPR
i. 50% - NMS / I upto 0.50 L OR ANPAT upto 5  EM of non-encumbered residential House/Flat or
ii. 60% -- NMS/I ab. 0.50 L & upto 1.25 L OR commercial or industrial property (in the shape of
ANPAT ab. 5 L & upto 15 L building/ Industrial Shed) self occupied or vacant.
iii. 70% -- NMS/I ab. 1.25 L OR ANPAT ab. 15 L  Required Docs for Business enterprises: ABS for previous 3
ASSESSMENT OF LIMIT years, Prov. BS for current FY (up to previous month/qtr
i. 75% of Realizable Value of IP; end) & Projected BS for current FY end.
ii. 3 or 4 times Annual Gross Income;  New prospective borrowers and take-over cases (except
iii. Max. permissible deduction of NMS / NMI / Trust, Society, Schools & Educational Institutions ) may be
ANPAT – 50 / 60 / 70%; considered who are in existence for min last 03 yr or more
Whichever is the least of the above with satisfactory track record and fulfilling the criteria for
existing customers viz. cash profits during last 03 years
and net profit in the immediately preceding financial year.
 Scheme Purpose & Eligibility
Loaning Power:
S-I---NIL; S-II---10 L; S-III-- 40 L;
S-IV--200L (OD-300 L);
S-V & ab.-- 500 L
PNB Baghban Purpose of Loan: For generating income /
supplementing pension / other income for
day to day requirements.
(RBAD Cir No-
89/2018) Eligibility:
 The residential house/flat owner, who is
resident of India, of the
 Age of 60 yr & ab, in case of joint a/c
Age of one of the spouse must be of the
age of 60 yr & ab, while the age of other
spouse should be min 58 yr.
 Loan will be allowed only against self-
acquired & self-occupied residential
property.
 In case of residential property, which is
ancestral and self occupied, powers are
vested with Circle Head(s).
 The residential house/flat should be in
his/her single name or jointly with
his/her spouse.
Charges on account of Retail Advances to the correct revenue sub head <Sol Id> “ 2032504
For Agriculture income- Assessment as per PSFID cir. no. 135 dated 30.12.2017.
As per RBDA cir No-93/2018 , FROM 10/10/2018 to 31/12/2018 Full waiver of upfront/processing fee and documentation charges on Housing, Car & Two Wheeler Loan has been
permitted
Extent of loan
- In case of Loan to Pvt. Ltd. Co.,
Income/salary of Directors will not be
added for limit calculation.
EXTENT OF LOAN: Max Rs 100 L
(Along with interest) to be paid monthly
on reverse annuity basis. Lump sum
amount Max. 15 L permitted (at HO, RAD)
for medical exigencies of the borrower,
spouse and dependents, if any. Monthly
payments to be allowed for a period
between 10 to 20 years depending upon
the age of senior citizen borrower.
WILL: The residential house/flat
should be in His /her single name or
jointly with his/her spouse. In case it is
in the single name of one individual,
he/she should give “will” in favour of
the other spouse, who should be
made coborrower. In case the spouse
is not alive, he/she may make “Will” in
favour of his/her relative/s, who is/are
otherwise his/her legal heirs. The
borrower will undertake that no fresh
“will” shall be prepared during
currency of loan.
Repayment period
Repayment Period:
- Loan to be recovered only after the
death of both the spouses. No loan
repayment during the lifetime of the
borrower.
- The loan shall become due and payable
6M (moratorium period) after death of
last surviving spouse.
Margin ,ROI & Security
Margin: 20%
Loaning power: Same as term loan, taking into
account the eligible amt for calculating the
monthly instalments.
ROI: MCLR + 2.60% (fixed) i.e. 11.05 %, re-set clause
of 5 years
Security:
EM of Residential Property. CH & ab. are,
empowered to deal with proposals of
considering ancestral residential self-occupied
property as security for loan, on case to case
basis
Safeguards:
i. Borrower/s to provide documentary
evidence that he/she is the only legal heir
entitled to the property and that the said
property is self occupied.
ii. Borrower/s to provide legal proof like
relinquishment / release deed, probate of
will etc.
Other Imp Guidelines ( 1 yr MCLR-8.45 % wef 01.08.18)
- Residual life of the residential property should be at least 20
years.
- Upfront Fee – Half month’s Loan Installment with Max.
Rs.15,000/- + taxes.
- Documentation / Inspection Charges – NIL.
- The Bank shall revalue the property once in five years (at
borrower’s cost) and reduce or increase the loan or
installment, at its discretion, depending on the valuation.
- Borrower may prepay the principal amount together with
accumulated interest/other charges, at any point of time and
repossess the property.
- As per “Right of Rescission”: The customer/borrower will get
10 days’ time to decide whether to avail the loan facility or
cancel the transaction, after sanction of the loan, and get
refund of the processing/upfront fee, already paid by him, in
case he opts to cancel the transaction.
- Where mortgage by deposit of title deed is not possible,
borrower/s has/have to go for creation of Regd. Mortgage.
- The mortgaged property shall be subject to revaluation once
in five years at borrower’s cost