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PNB Microfinance Loan Scheme

Collateral-free household finance for consumption or personal needs, farm activities, food/agro processing and non-farm activities. The scheme sheet sets a maximum loan of ₹1,00,000 and repayment within 36 equal monthly instalments; household repayment capacity and pricing vary by purpose segment.

Interest rate by loan segmentRetail/personal: RLLR + BSP + 5.00%; retail/other purpose: RLLR + BSP + 3.25%; MSME food-processing unit (agriculture): RLLR + BSP + 1.20%; MSME unit: RLLR + BSP + 1.40%; agriculture: MCLR + 2.70%. The agricultural MCLR spread's linked microfinance-cap schedule footnotes the ₹2.70% route for NRLM/SRLM schemes repayable beyond 3 years; the current product-specific table does not repeat that qualifier, so confirm the applicable agriculture route at sanction.Maximum amountMaximum ₹1,00,000.Repayment period and periodicityMaximum 36 equal monthly instalments. PNB permits monthly, quarterly or half-yearly repayment periodicity according to borrower requirements.
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Quick eligibility check

PNB Microfinance Loan Scheme

0 of 5 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your annual income meet this requirement: Actual or projected annual household income up to ₹3,00,000?

Published source: Eligibility

2Do you meet this requirement: PNB defines a household as husband, wife and unmarried children?

Published source: Eligibility

3Does your annual income meet this requirement: Total repayments on every existing household loan plus the proposed loan, including principal and interest, must be no more than 50% of monthly household income?

Published source: Eligibility

4Do you meet this requirement: no new loan is provided while the household is above this limit?

Published source: Eligibility

5Does your annual income meet this requirement: PNB's scheme sheet requires actual or projected annual household income up to ₹3,00,000?

Published source: Minimum income
0 of 5 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 7 Oct 2026 · active
Offered byPunjab National Bank

See the official bank source for geographic availability.

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeCollateral-free household microfinance loan.Effective 25 Jun 2026View source
The Code classifies collateral-free household loans within its income definition as microfinance and says the loan is not linked to a deposit lien or backed by hypothecation.
Source
PNB Fair Practice Code for Microfinance Borrowers
Page / section
p.1, clauses (a)–(b)
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
PurposeConsumption/personal needs; farm-based activities; food and agro-processing units; non-farm activities.View source
The PNB sheet lists all four purpose groups; they are uses under one named scheme, not four products.
Source
PNB Microfinance Loan Scheme
Page / section
p.1, Purpose
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
EligibilityActual or projected annual household income up to ₹3,00,000. PNB defines a household as husband, wife and unmarried children. Total repayments on every existing household loan plus the proposed loan, including principal and interest, must be no more than 50% of monthly household income; no new loan is provided while the household is above this limit.Effective 25 Jun 2026View source
The scheme sheet sets the income ceiling; the Code defines household membership and includes all current and proposed household loan outflows in its 50% cap.
Source
PNB Microfinance Loan Scheme and PNB Fair Practice Code for Microfinance Borrowers
Page / section
Scheme p.1, Eligibility; p.1, clauses (a), (d)–(e)
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Maximum amountMaximum ₹1,00,000.View source
PNB states maximum loan ₹1.00 lakh.
Source
PNB Microfinance Loan Scheme
Page / section
p.1, Extent of Loan
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Repayment period and periodicityMaximum 36 equal monthly instalments. PNB permits monthly, quarterly or half-yearly repayment periodicity according to borrower requirements.View source
PNB states up to 36 equal monthly instalments and separately allows monthly, quarterly or half-yearly repayment periodicity.
Source
PNB Microfinance Loan Scheme
Page / section
p.1, Repayment
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Interest rate by loan segmentRetail/personal: RLLR + BSP + 5.00%; retail/other purpose: RLLR + BSP + 3.25%; MSME food-processing unit (agriculture): RLLR + BSP + 1.20%; MSME unit: RLLR + BSP + 1.40%; agriculture: MCLR + 2.70%. The agricultural MCLR spread's linked microfinance-cap schedule footnotes the ₹2.70% route for NRLM/SRLM schemes repayable beyond 3 years; the current product-specific table does not repeat that qualifier, so confirm the applicable agriculture route at sanction.Effective 1 Oct 2026View source
Current §2.5 names these five formulas. The linked maximum-spread schedule specifies the NRLM/SRLM >3-year scope for the +2.70% agricultural cap; because the product table omits the condition, the applicability caveat is retained instead of assigning a single all-in rate.
Source
PNB Interest Rates on Advances — Microfinance Loan Scheme rates
Page / section
Current page §2.5; cross-read with linked Other Advances page §6 and footnote [2]
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Current benchmark ratesRLLR 8.35% effective 8 October 2026. MCLR effective 1 October 2026: overnight 8.00%, 1 month 8.25%, 3 months 8.50%, 6 months 8.65%, 1 year 8.80% and 3 years 9.10%. These are benchmark values; they are not the scheme's RLLR+BSP all-in rate.Effective 8 Oct 2026View source
The page separately lists five + formulas and one formula for microfinance. The benchmark alone does not produce the all-in borrower rate because or the applicable tenor is not fully specified.
Source
PNB Interest Rates on Advances — and
Page / section
table effective 1 October 2026; revision effective 8 October 2026; Microfinance section 2.5
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
SecurityCollateral-free for qualifying microfinance households. PNB says the loan must not be linked to a lien on the borrower's deposit account or backed by hypothecation.Effective 25 Jun 2026View source
The Code defines qualifying loans as collateral-free and specifically prohibits deposit lien or hypothecation to preserve that character.
Source
PNB Fair Practice Code for Microfinance Borrowers
Page / section
p.1, clauses (a)–(b)
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Household repayment capAll monthly household loan repayments—existing and proposed, including principal and interest—must remain within 50% of monthly household income. Existing loans may run to maturity above the cap, but PNB will not provide a new loan until the household is back within it.Effective 25 Jun 2026View source
The Code counts all household loan obligations, including collateralized loans, and includes both principal and interest in its 50% limit.
Source
PNB Fair Practice Code for Microfinance Borrowers
Page / section
p.1, clauses (d)–(e)
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Prepayment / foreclosure chargeNo prepayment penalty or foreclosure charge on a microfinance loan to a household borrower. PNB's tariff exception is for loans to NBFC-MFIs; it does not describe the household product in this scheme.Effective 1 Oct 2026View source
The states no pre-payment penalty/foreclosure charges; the tariff separately lists microfinance loans as exempt except loans to -.
Source
PNB Fair Practice Code for Microfinance Borrowers; PNB Credit Related Services Charges
Page / section
p.1 clause (g); current tariff §10.15(b), page last updated 01-10-2026
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Minimum incomePNB's scheme sheet requires actual or projected annual household income up to ₹3,00,000. The FPC defines a household as husband, wife and their unmarried children.View source
The manually reviewed product record states: “PNB's scheme sheet requires actual or projected annual household income up to ₹3,00,000. The defines a household as husband, wife and their unmarried children.”.
Source
PNB Microfinance Loan Scheme — official product page
Page / section
Published product metadata
Accessed
7 Oct 2026
Confidence
high
Open official source ↗

Benefits and features

  • Published maximum loan amount ₹1,00,000.
  • Repay over up to 36 equal monthly instalments, with monthly, quarterly or half-yearly repayment periodicity available as required by the borrower.
  • Classified as microfinance when the collateral-free household-income rule is met; the borrower deposit cannot be lien-marked and the loan cannot be secured by hypothecation.
  • The Bank's Fair Practice Code caps the household's total monthly loan repayments, including the proposed loan, at 50% of monthly household income.

Eligibility

  • PNB's scheme sheet requires actual or projected annual household income up to ₹3,00,000. The defines a household as husband, wife and their unmarried children.
  • When assessing the amount, PNB counts repayments on all outstanding household loans, including collateralized loans. Principal and interest repayments for existing loans and the proposed loan together must not exceed 50% of monthly household income; no new loan is provided while an existing household remains above that limit.
  • The describes collateral-free microfinance loans irrespective of end use and physical/digital application or disbursal channel. The scheme sheet names personal/consumption, farm-based, food/agro-processing and non-farm purposes.

Passing a listed condition does not mean the bank will approve an application.

Related official documents

PNB Interest Rates on Advances — current agriculture and specific-scheme ratesofficial-rate-table · current · accessed 7 Oct 2026
↗
PNB Credit Related Service Charges — current pageofficial-service-charge-page · current-charge-schedule-reviewed-scoped-sections · accessed 8 Oct 2026
↗
PNB Interest Rates on Advances — current MCLR and RLLR benchmarksofficial-bank-rate-page · reused-current-benchmark-reviewed-2026-10-08 · accessed 8 Oct 2026
↗
PNB Download Forms catalogueofficial-loan-forms-catalogue · current-forms-catalogue-reviewed · accessed 7 Oct 2026
↗
PNB Fair Practice Code page — loan application disclosures and document checklistofficial-borrower-practice-page · current-page-reviewed · accessed 7 Oct 2026
↗
PNB Loans catalogue and product navigationofficial-product-catalogue · current-catalogue-page · accessed 7 Oct 2026
↗
PNB Fair Practice Code for Microfinance Borrowersofficial-microfinance-borrower-fair-practice-code-pdf · text-reviewed-visual-and-hash-pending · accessed 7 Oct 2026
↗
PNB Microfinance Loan Schemeofficial-agriculture-and-microfinance-scheme-pdf · text-reviewed-visual-and-hash-pending · accessed 7 Oct 2026
↗
PNB Other Advances rate page — maximum spreads for microfinance borrowersofficial-microfinance-rate-cap-page · linked-official-rate-page-reviewed · accessed 7 Oct 2026
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Loan repayment estimate

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One monthly payment₹16,499sixteen thousand four hundred ninety-nine rupees
Interest paid over the full loan₹14,59,734fourteen lakh fifty-nine thousand seven hundred thirty-four rupees
Everything you repay₹39,59,734thirty-nine lakh fifty-nine thousand seven hundred thirty-four rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

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Purposes · Published conditionConsumption/personal needs; farm-based activities; food and agro-processing units; non-farm activities.

This value is copied from PNB Microfinance Loan Scheme — published terms. Check the table notes before relying on it.

Source: PNB Microfinance Loan Scheme and PNB Fair Practice Code for Microfinance Borrowers · Scheme p.1; p.1 clauses (a), (d)–(e), (j)–(k) Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 9 rows · 2 columnsPNB Microfinance Loan Scheme — published termsCore terms from the linked one-page scheme sheet, with the household and repayment-cap requirements cross-referenced to PNB's borrower code.View tableHide table

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PNB Microfinance Loan Scheme — published terms
TermPublished condition
PurposesConsumption/personal needs; farm-based activities; food and agro-processing units; non-farm activities.
Household eligibilityActual as well as projected annual household income up to ₹3,00,000; household means husband, wife and unmarried children.
Maximum loan₹1,00,000.
Maximum repayment period36 equal monthly instalments.
Permitted repayment periodicityMonthly, quarterly or half-yearly as required by borrower.
Repayment capacityAll household loan outflows including principal and interest for existing and proposed loans must be no more than 50% of monthly household income; no additional loan above the cap until compliance.
SecurityCollateral-free; no lien on borrower deposit account and no hypothecation.
Minimum incomeNo minimum household income amount is stated. The published ₹3,00,000 figure is a maximum annual household income eligibility limit, not a minimum.
Application documentsPNB's general borrower code says a checklist is provided with the application; no microfinance-specific document list is published in the reviewed scheme sheet or forms catalogue.
  • The source sheet has no issue/effective date in its accessible text. The is updated through 25-06-2026.
  • The source text was fully read, but visual rendering/hash checks remain blocked; see source record.
PNB Microfinance Loan Scheme and PNB Fair Practice Code for Microfinance Borrowers · Scheme p.1; p.1 clauses (a), (d)–(e), (j)–(k) · accessed 7 Oct 2026Open official source ↗
Table 2 · 5 rows · 3 columnsPNB microfinance interest formulas by segmentPNB's current section 2.5 scheme-specific formulas. These remain benchmark-plus-spread expressions; no all-in decimal is computed without the contemporaneous applicable BSP and segment/benchmark conditions.View tableHide table

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PNB microfinance interest formulas by segment
Scheme segmentPublished rate formulaScope / note
Microfinance Loan — Retail / Personal Loan + + 5.00%Scheme rate table; floating benchmark plus published spread.
Microfinance Loan — Retail / Other Purpose + + 3.25%Scheme rate table; purpose is not separately narrowed.
Microfinance Loan — / Food Processing Unit — Agri + + 1.20%Linked cap table footnote [1] applies to food/agro-processing advances up to ₹20 lakh; this scheme's own maximum is ₹1 lakh.
Microfinance Loan — Unit + + 1.40%Linked cap table footnote [3] applies to advances above ₹50,000 and up to ₹20 lakh; scheme maximum is ₹1 lakh.
Microfinance Loan — Agriculture + 2.70%The linked cap-page footnote [2] explicitly scopes this spread to NRLM/SRLM repayable over 3 years; the current specific-rate table does not repeat that scope, so product-purpose applicability needs sanction confirmation.
  • Current main advances-rate page footer: 05-10-2026; and tables effective 01-10-2026.
  • The linked cap page states effective 01-07-2025. It repeats the maximum spread values and includes scope footnotes. Its page's exact current page-footer date is not available in the rendered text.
  • Do not substitute a general agricultural or rate for these named microfinance formulas.
PNB Interest Rates on Advances — current microfinance scheme formulas · Current page §2.5; linked Other Advances rate page §6 and footnotes [1]–[3] · accessed 7 Oct 2026Open official source ↗
Table 3 · 5 rows · 3 columnsPNB maximum microfinance spreads and footnotesLinked PNB Other Advances schedule's caps for dedicated microfinance schemes/products and the explicit segment/tenor/amount qualifications.View tableHide table

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PNB maximum microfinance spreads and footnotes
Nature of loanMaximum spreadFootnote scope
Retail — personal loan + + 5.00%No additional footnote in §6.
Retail — other purposes + + 3.25%No additional footnote in §6.
Agriculture — loan to food/agro-processing units + + 1.20%For advances up to ₹20 lakh to food/agro-processing units.
Agriculture — other + 2.70%Footnote says NRLM/SRLM scheme repayable in more than 3 years.
+ + 1.40%For advances above ₹50,000 to ₹20 lakh to .
  • Schedule heading: Other Advances (Not Specified Elsewhere), effective 01-07-2025. Main rate page links to it.
  • These are maximum spread caps, not standalone or guaranteed customer rates.
PNB Other Advances rates — microfinance borrower maximum spreads · §6, Rate of Interest for Microfinance Borrowers and footnotes [1]–[3] · accessed 7 Oct 2026Open official source ↗
Table 4 · 17 rows · 2 columnsPNB Fair Practice Code for Microfinance Borrowers — clauses (a)–(q)Clause-by-clause product and servicing terms from the full three-page PNB Code, updated through 25 June 2026.View tableHide table

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PNB Fair Practice Code for Microfinance Borrowers — clauses (a)–(q)
ClausePublished borrower rule
aAll collateral-free Bank loans to low-income households with annual income up to ₹3,00,000 are microfinance irrespective of use or physical/digital application, processing or disbursal. Household means husband, wife and their unmarried children.
bTo preserve collateral-free status, the loan must not be linked to a lien on the borrower's deposit account or backed by hypothecation.
cThe Bank reports the borrower's household-income information to Credit Information Companies.
dWhile assessing amount, count repayments on every outstanding household loan, collateral-free or collateralized. Principal and interest on existing loans plus the proposed loan must not exceed 50% of monthly household income.
eExisting loans above the 50% ratio may mature, but no new loan is provided until the household meets the prescribed 50% limit.
fProvide a standardized Key Fact Statement () with pricing. Any Bank fee must be listed in the ; no amount outside it may be charged. also applies to collateralized loans made to low-income households.
gNo pre-payment penalty or foreclosure charge on microfinance loans.
hProminently display minimum, maximum and average microfinance interest rates in offices, information booklets/pamphlets and on the website.
iNotify borrowers of interest-rate or other-charge changes well in advance; changes take effect prospectively only.
jUse a standard common microfinance loan agreement available in Hindi, English and regional languages.
kProvide a loan card in a language understood by the borrower containing borrower information, sanctioned loan details, , all terms and conditions, Bank acknowledgements of each repayment and final discharge, and grievance-redress details including nodal officer name/contact.
lAny non-credit product requires full borrower consent; its fee structure must be disclosed in the loan card.
mCollect at a mutually decided designated place stated in sanction terms. If the borrower misses the designated/central place on two or more successive occasions, Bank officials may visit the borrower's residence or work.
nNo harsh recovery. Listed harsh practices: threatening/abusive language; persistent calls or calls before 9 a.m./after 6 p.m.; harassing relatives, friends or coworkers; publishing borrower names; violence/threats against borrower, family, assets or reputation; misleading about debt or non-payment consequences.
oMaintain a dedicated recovery-grievance mechanism and give its details in the sanction letter.
pBefore recovery, give agent details. Agents carry Bank notice, authorization and Bank/agency ; if changed, notify borrower and ensure the new agent carries the same. Notices include Bank/agency contact details, and the Bank hosts current recovery-agency details on its website.
qThe Bank is accountable for inappropriate conduct by employees and outsourced-agency employees and must provide timely borrower grievance redressal.
  • The Code title page states Updated up to 25.06.2026. The text was read for all 17 lettered clauses; visual page review and hash remain open.
  • The source format is a list of rules, not a PNB comparison table.
PNB Fair Practice Code for Microfinance Borrowers · pp.1–3, clauses (a)–(q) · accessed 7 Oct 2026Open official source ↗
Table 5 · 4 rows · 3 columnsApplication form and documents — public information checkedSeparates forms explicitly linked to the scheme from general borrower-process obligations and agriculture forms that PNB does not expressly map to this product.View tableHide table

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Application form and documents — public information checked
Public sourceWhat it statesProduct applicability
PNB Loans catalogueThe Microfinance Loan Scheme links to its one-page scheme sheet; no application form is linked from that entry.Scheme-specific
PNB Downloads Forms catalogueNo Microfinance Loan Scheme-specific form is listed in the English loan-assets section. PNB-1175 agriculture credit up to ₹2 lakh and PNB-1235 agriculture credit above ₹2 lakh appear in regional-language lists.The catalogue does not link those agriculture forms to this multi-purpose microfinance scheme; do not treat them as confirmed required forms.
PNB Fair Practice Code for BorrowersBorrower is to receive a checklist of documents with the application form; Bank can assist with form completion.General application-process requirement; checklist contents are not enumerated in the reviewed public scheme sources.
Microfinance Fair Practice CodeCommon loan agreement in Hindi, English and regional languages; borrower loan card in a language understood, carrying borrower/loan details, , terms, repayment acknowledgements/discharge and grievance contacts.Borrower agreement/card requirements; not an applicant-supplied document checklist.
  • No product-specific application-document list is published in the reviewed linked scheme sheet or forms catalogue.
PNB Downloads Forms catalogue and borrower practice pages · English Loan Related Forms (Assets); regional Agriculture Credit form entries; PNB Fair Practice Code for Borrowers; Microfinance clauses (j)–(k) · accessed 7 Oct 2026Open official source ↗
Table 6 · 7 rows · 3 columnsPNB benchmark rates shown alongside the microfinance formulasView tableHide table

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PNB benchmark rates shown alongside the microfinance formulas
BenchmarkEffective fromRate
8 October 20268.35%
— overnight1 October 20268.00%
— 1 month1 October 20268.25%
— 3 months1 October 20268.50%
— 6 months1 October 20268.65%
— 1 year1 October 20268.80%
— 3 years1 October 20269.10%
  • Do not treat 8.35% alone as +. PNB's current microfinance formulas include , and the agriculture formula does not select an tenor.
  • values are unchanged from the 1 October schedule; changed to 8.35% effective 8 October.
PNB Interest Rates on Advances — , and Microfinance formulas · Current benchmark tables and section 2.5 · effective 8 Oct 2026 · accessed 8 Oct 2026Open official source ↗

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