RETAIL LENDING SCHEMES AT A GLANCE (AS ON 20.12.2019) (COMPILED BY R. C.

JHA, CM, CO: PUNE)

Scheme Purpose & Eligibility Extent of Loan Repayment Period Margin, ROI & Security Other Imp. Guidelines
(1 YR.MCLR-8.15%, w.e.f. 01.11.19) RLLR=REPO+MARKUP=5.15+2.65=7.80%
1. 1. ELIGIBILITY:-- Individuals & Joint owners 3. EXTENT OF LOAN: 4. Repayment Period: {Upto the age 10. Security: EM/RM of house/flat/plot. 21. Net Monthly Max. Permissi
(18-70 years). (By CH upto 75 Yr) i) Purchase of of (one of Co-owner/co-borrower) 70 11. Margin: Loan up to Rs 75 L: 20% (LTV- 80%) Salary/Income Deduction of NMS/I
Housing
- Income of spouse and earning children house/flat/Construction/ years (CH & ab. may relax upto the Loan ab Rs 75 L & Plot: 25% (LTV- 75%) Up to Rs.30000 40%
Loan (whether married or unmarried) can be Addition: Need based. age of 75 years)} {Stamp duty, registration charges and other >Rs.30000- Rs.60000 50%
added for calculation of borrowers’ repaying ii) Land/Plot: Max. Rs. 50 L - Construction/Purchase/Addition/built documentation charges, if any, paid by the borrower shall
>Rs.60000- Rs.100000 60%
capacity. (By CH, upto Rs.100L in up house or flat/land/plot: Max. 30 not be considered towards margin money. However,
Acquisition cost of Plot be considered towards Margin >Rs.100000 70%
5 variants - Income of joint owners of the property Metro/ State Capital & years (including moratorium Period)
Money. Further, In case of EWS & LIG borrowers, cost of (Deductions: 10% extra by CH/COCAC)
may also be added for calculation of By ZOCAC Rs.300L at all - Repairs/Renovation/Alteration: Max.
stamp duty, registration and other documentation
1. HL borrowers’ repaying capacity. centres & Rs.500L at 15 years (including moratorium Period) 22. Classification of housing loan under
charges may be added to the cost of house for purpose of
2. HL-OD - Parents can also be made as co- borrower State capital/ Metro 5. Moratorium Period- calculating LTV ratio, if Cost of house is upto Rs.10 L} Priority sector:--HL to individuals up to Rs.
3. GEN in cases where property is in the single name centres only in cases Purchase of House/Flat/Plot 3M 12. ROI: Under Floating Option** 35 L in metropolitan centres (with
NEXT of Son/Daughter or in the joint name of Son where land/plots are Repair/renovation/alteration 6M PNB Others population of 10 L & ab.) and HL up to Rs. 25
4. MAX Construction/Addition of 18 Loan Pride* CIC CIC CIC L in other centres for purchase/construction
& Daughter and their income can also be allotted by State
SAVER house/Flat M Amount Irrespect Score Score Score of a dwelling unit per family, provided the
clubbed for calculation of borrowers’ Development Authorities/
5. ive of 750 & 700 and less overall cost of the dwelling unit in the
repaying capacity. State Hsg Boards); Under construction Flat/ 36
FLEXIBLE Risk above up to than metropolitan centre and at other centres
- Parents (including Father-in-law & {For purchase of House by approved private M
Profile* 749 700 should not exceed Rs. 45 L and Rs. 30 L,
Mother-in-law) can also be made as co- Land/plot: Max 60% of the builders respectively. HL to banks’ own employees
Upto 30 L RLLR+ RLLR+ RLLR+ RLLR+
borrower, where property is in the joint eligible loan amt} 0.15% = 0.15% = 0.30% = 0.55%= will be excluded. {In case of Purchase of flat/
(RAD: 60/ 6. Loaning power:
name of Son & Daughter-in-law or Daughter iii) Repair/Renovation/ A. HL/Plot: If PNB Score is ab 50 & 7.95% 7.95% 8.10% 8.35% built-up house: Document value of the flat/
01.11.19- & Son-in-law and their income can also be Alteration: Max.25 L. Ab 30L- RLLR+ RLLR+ RLLR+ RLLR+ built-up house as per the sale deed. In case
less than 60 then 125% of vested
Ann-1) clubbed for calculation of borrowers’ iv) Furnishing: 10 % of HL: Upto 75 L 0.40%= 0.30%= 0.55%= 0.80%= of Construction of house: Cost of
Term Loan Powers of BH in S-I to S-
(LA:138/ repaying capacity, with the prior approval of Max. 25 L. 8.20% 8.10% 8.35% 8.60% construction (Land already owned)}
IV. If PNB Score is 60 & above then
17.12.19) the Circle Head. v) Cost of one time life Ab 75 L RLLR+ RLLR+ Loans for repairs to damaged dwelling units
150% of vested Term Loan Powers of
0.65%= 0.90%= of families up to Rs 5 L in metropolitan
- In case of self-employed individuals the insurance cover premium. BH in S-I to S-IV. 8.45% 8.70% centres and up to Rs 2 L in other centres.
gross income may be arrived at by adding vi) Loan On Pari Passu Or B. HL for under construction flat of **Concession of 0.05% to women borrower
amount of depreciation to the Net Profit IInd Charge Basis (by CH & approved private builder: S-I & S-II: The loans sanctioned for housing projects
13. ROI: Fixed & Intt Table Code (w.e.f. 01.11.19) exclusively for the purpose of construction of
amount and repaying capacity be assessed ab): Max. 20 L. No power. S-III & S-IV: as above.
Upto 75 L Above 75 L houses for EWS & LIG, the total cost of
accordingly. S-V & above: Vested Term Loan
Women/ MCLR+0.70% = MCLR+0.75% = which does not exceed Rs 10 L per dwelling
- Likely rental income, if the property is to Vii) Loan to Army Group Powers. PNB 8.85% 8.90% unit. For the purpose of identifying the
Insurance Fund (AGIF) on
be let out, be also considered for 7. Note:--If plot/land is sold or a/c has Pride LULFW, LULFP LALFW, LALFP
economically weaker sections and low
Pari Passu or IInd Charge
determining the repaying capacity. been closed without construction Others MCLR + 0.75% = MCLR + 0.80% =
income groups, the family income limit of Rs
Basis: PMAY-Urban: 8.90% LULFO 8.95% LALFO
- In case of persons engaged in A. Eligibility: Individuals both within 5 yr from date of first 3 L per annum for EWS and Rs 6 L per
Agriculture/Allied Agricultural activities, net disbursement, ROI applicable to CRE 14. Penal Intt: (For All Cases Including Purchase Of annum for LIG, irrespective of the location,
from EWS/LIG/MIG.
income can be arrived at, based on their B. Income Criteria (Gross with corresponding PNB Score/Risk Plot): 2%, where loan is sanctioned for purchase of is prescribed.
land holding, cropping pattern, yield, etc. Annual Income: EWS-Upto rating score will be charged w.e.f. first plot/land & construction of the house is not
completed within 3 years from date of disbursement 23. Issuance Of Interest Certificates:
3L, LIG-Ab 3L upto 6L, MIG-I- disbursement of loan.
2. SALARY SLIP/ITR/FORM 16/ABS Ab 6L upto 12 L, MIG-II-Ab or in case the plot is sold. PNBRPT 3/56c. HINTCERT (if repayment
(a) For Salaried class: Latest salary slip, 12L upto 18L. 8. Security Verification: once in 2 15. BHs may allow existing HL borrowers to change not started); by 30th April every year.
Form16/ITR for the last 2 years (for at C. Loan Amt: EWS & LIG- Rs. years for regular accounts after the option from Fixed to Floating rate of intt and vice Provisional Interest Certificate: PNBRPT
least 1 year, for lesser service) be taken. 6L, MIG-I- Rs. 9L, MIG –II- Rs. initial end use verification and on versa, for Min 3 years, where after any change will be 3/56a.
12 L. half yearly basis in case of NPA at the discretion of the sanctioning authority. Change Statement Of Account: PNBRPT 3/56, by
{Note: Form16/ITR is not to be insisted
D. Dwelling Unit Carpet accounts. In case of 2 continuous of option Fee: Flat Fee 2% (by CH 1%) of o/s balance. 30th April every year.
upon, in case of confirmed/permanent
Area: EWS – 30 Sq Mtr, LIG – defaults in repayment, inspection 16. Switch from existing MCLR based ROI to RLLR:
employees of Central Govt./State Govt./ 60 Sq. Mtr, MIG –I – 90 Sq 24. PNB Pride: Housing & Car Loan Scheme
immediately. Out of pocket expense 0.50% of o/s bal, Max
PSUs/ MNCs/Listed Companies at BSE or Mtr, MIG-II-110 Sq Mtr. Post Disbursement Visit: The for permanent Employee of Central/State
Rs.10000/- administrative cost. Govt./Defence personnel & paramilitary
NSE, maintain salary A/C with us, E. Margin: EWS & LIG – 10% property must be re-visited by a 17. Upfront Fee: 0.35% of loan amt. forces and Pensioners of Central & State
drawing salary of an amount which does MIG I & II – 20% bank official different from the one Min Rs. 2500/-, Max-Rs.15000/-, Govt.: Rebate in ROI and Full waiver of
not categorize under taxable income i.e. F. Security: EM/RM of the who made pre-sanction visit within
property along with Pari
Takeover of Loan: Rs. 2500/- + GST upfront/processing fees & doc Charges.
presently, upto the threshold limit of a maximum of 10 days after {Upfront fee: 10% on receipt of Proposal. CM/CH &
Pasu charge in fav of AGIF.
Rs.2.50 L p.a. & having salary A/C with disbursement of loan. ab may relax the condition. Min 50% at the time of 25. SOLAR POWER SYSTEM:
G. Credit Linked Subsidy:
our bank for the last 2 years. EWS & LIG – 6.5% (Loan up sanction. Balance 50% at the time of disbursement.} Loan Amount: Max. Rs. 5 L;
9. Reimbursement in Housing Loan:
(b) For other than Salaried class: ITRs & to Rs. 6 L) Max subsidy amt May be allowed (by CH & ab) to 18. Documentation charge: Rs. 1350/- + GST Margin: 20/25%,
ABS (Wherever applicable) for the last 2 Rs 267280/- MIG –I = 4% prospective borrowers, who have 19. Pre-payment charge: 2% on fixed rate HL, if ROI: RLLR + 2.25% =10.05%
years of business/activity shall be taken. (loan upto Rs 9L) Max purchased property out of their own borrower shifts HL to other banks/FIs after 30 days of Repayment Period: Max 30 Yr or age 70 Yr
{Deviation regarding availability of subsidy amt Rs 235068/- upward revision of ROI/change in T&C. (Where Mort. of house available);
sources, provided request within a
ITRs/ABSs may be permitted by MIG-II = 3% (loan upto Rs 20. Expression of Interest (In Principle Sanction): Max 36 Month, where mort. of prop. not
maximum period of 3 months from
12L) maximum subsidy amt Processing Fee @ 0.35% of the loan amt, Min 2,500/- available.
CH/COCAC & above subject to taking of the date of purchase.
Rs 230156/- & Max- Rs. 15,000/-. (To be Refunded, if Rejection of
minimum 1 year latest ITRs/ABSs.}
HL for any reason & claimed within 45 days.)
 RETAIL LENDING SCHEMES AT A GLANCE (AS ON 20.12.2019) (COMPILED BY R. C. JHA, CM, CO: PUNE)
Scheme Purpose & Eligibility Extent of Loan Repayment Period Margin, ROI & Security Other Imp. Guidelines
(1 YR.MCLR-8.15%, w.e.f. 01.11.19) RLLR=REPO+MARKUP=5.15+2.65=7.80% (w.e.f. 01.10.19)
2. 1. ELIGIBILITY: -All HL borrowers– 2. EXTENT OF LOAN: 3. Account to be renewed annually. 4. Margin: - Max. Permissible Deduction of NMS/I --- Same as HL
new/existing/takeover cases. Min: Rs. 50,000/-, Max: Rs. 25 Lac. 20% - Upto 75L -Upfront fee – NIL, - Doc. chg– Rs.450/- + GST
HL-OD - If intt is not serviced within 7 days of
(except for purchase of plot/ [80% of current RV of house, for loan 25% - Ab. 75 L - Scheme Code: ODPRH; - Intt. Table Code- ODPUR
the close of the month:-- Penal intt @
under construction houses/ flats) amount Upto Rs. 75 Lac & 2% over on the amt of default and for Loaning Power: Small- NIL, Med -- 15 L, Large – 25 L,
(RAD: 60/ 5. ROI: RLLR+1.55% = 9.35%
(No IR irregularity should be o/s) 75% of current RV of house, for Loan the period of default. CM & ab.- 25 L (borrower wise)
01.11.19-
amount above Rs.75Lac] - If intt is not serviced consecutively -The above loaning powers can be exercised by the officials
Ann-5) - NRI/ PIO HL borrowers are not 6. Security: Extension of
- Enhancement of the existing OD limit within even where existing facilities including the Housing Loan
for two months, Bank may consider existing EM/RM.
eligible for OD Facility. overall ceiling of Rs 25 L may be permitted only
recalling the OD including HL. have been sanctioned by a higher authority.
where the HL is still continuing.
3. 1. Objective: Providing housing 4. Extent of Loan: 1.25 times of the loan 6. Repayment Period: Flat 30 years 7. Margin: - ROI, processing fee & Documentation charges: As per
finance to Gen-Next salaried class amt calculated as per the regular HL method Moratorium Period: Loan up to Rs 75 lac- 20% Regular Housing Finance Scheme.
PNB
Borrowers (IT Professionals, subject to prescribed LTV ratio. Under construction flats of approved Loan above Rs 75 lac- 25% - Term insurance of at-least equal to loan amount be
GEN- PSBs/PSUs/ Govt. Employees). Min Loan Amt: Rs 20 Lac. Pvt. Builders: Upto 36 M + remaining Purchase of Land/Plot – 25% mandatorily obtained. Cost of premium may be financed at
NEXT 2. Purpose: For Construction/ Max Loan Amt: Need Based. period of date of possession, Max the option of the borrower(s).
{HL to purchase of ready to move in Min. Net Mly Salary: Rs. 35000/- moratorium period of 60 M. 8. ROI: SAME AS HL - Powers vested with CH/COCAC and ab. to allow 10%
Young house/flat; For purchase of under In all other cases: Max. 36 months. higher deductions of Net Monthly salary under regular
5. Age of Borrr: Upto the age of 40 yr.
construction flat of approved (Intt. To be serviced as & when levied) 9. Security- EM/RM of Housing finance scheme have been withdrawn under “PNB
Generati Other borrower whose income has been
private builder; Period Monthly Repayment house/ flat/ plot purchased. Gen-Next Housing Finance Scheme”, as Bank is allowing
on} taken for arriving loan eligibility—Max upto
During Morat. Only intt.
3. Occupation: All salaried 1.25 times the loan amount calculated as per the regular
the age of 45 yr.
employees with min 3 yr Next 120 M EMI for 360 months 10. Scheme Code: HLGEN housing loan method.
(RAD: 60/ Where income of co-borrower has not
experience and Co-borrower will Remaining EMI of Loan o/s - Net Monthly salary = Gross Salary – Statutory Deductions,
01.11.19- been taken for arriving loan eligibility and during Remaining
also be salaried class. Period such as Income Tax, PF etc.
Ann-2) they are co-owner—No Age bar. period
4. 1. OBJECTIVE: To attract housing loan borrowers 4. EXTENT OF LOAN: 5. REPAYMENT: 6. ROI & Intt Table Code: (Floating option only) - Conversion Charges:
especially high income group who prefer to park Overdraft on monthly As per existing HL i) If customer has paid Upfront Fees & Documentation
Housing Upto 30 L Ab 30L- Ab 75 L
their excess funds in loan account for interest reducing Drawing scheme to Public. Charges at the time of availing HL: Rs 2500/- + GST
Finance Upto 75L
benefit in order to increase Housing Loans. Power (DP) basis:-- Drawing Power on ii) If customer has not paid Upfront Fees & Documentation
Women/ RLLR+0.40% RLLR+0.65% RLLR+0.75%
Scheme 2. PURPOSE: Loan under this variant be allowed Minimum – Rs. 10 L the OD will be = 8.20% = 8.45% = 8.55%
Charges at the time of availing Housing Loan i.e. loan is
for all purposes, which have been specified under reduced on
PNB sanctioned under Bonanza Offers or charges have been
For Maximum–Need
Pride TU30W/ TU75W/ TA75W/
HL scheme (except HL for Purchase of only based monthly basis to OU30W OU75W OA75W waived by the competent Authority: Charges as per extant
Public (TL &
land/plot). (as per HL Scheme for the extent of the TU30P/OU30P TU75P/OU75P TA75P/OA75P guidelines applicable to HL.
“PNB 3. ELIGIBILITY: i) Prospective borrower: As per Public) principal
OD)
- Borrowers which are falling under CRE will not be eligible
Others RLLR+ 0.55% RLLR+0.80% RLLR+0.90%
MAX- our existing housing loan scheme. component of the
(TL & = 8.35% = 8.60% = 8.70% under the scheme.
SAVER ii) Existing borrower: Where complete In respect of existing EMI so that the OD) TU30O/OU30O TU75O/OU75O TA75O/OA75O - HL (PNB MAX-SAVER) with moratorium period:
disbursement has been made. (The existing Housing Loan overdraft is i. TL & OD A/C to be opened on the same date.
(TL/OD) - Concession available to borrower covered under
Housing Loan borrower are also eligible if their borrowers, present liquidated at the PNB PRIDE will be available to borrowers availing ii. TL to be opened for the moratorium period, with limit as
HL A/C is running regular, no inspection outstanding of the end of the loan Housing Loan under PNB MAX SAVER scheme. Hence, per sanction.
(RAD: 60/
irregularity is outstanding, complete loan amount be taken tenure. Service Charge: NIL, ROI: as above. iii. OD A/C to be opened with initial limit of Rs.1/- and
01.11.19-
disbursement has been made and repayment has into consideration for Interest will be 7. Scheme Code: TL- TLMAX; OD – ODMAX; Drawing Power (DP) should be “ZERO”.
Ann-3)
been started in the A/C subject to fulfillment of conversion of loan recovered as and - All other terms and condition will be as per the - HL (PNB MAX-SAVER) without any moratorium period:
all terms and conditions of this variant.) under this variant. when levied. existing Housing Finance Scheme for Public. Only OD A/C to be opened with limit as per the sanction.

5. 1. OBJECTIVE: To offer attractive variant to the
customer, Scheme has allowed borrower, the
HL-OD advantage of substantial savings on the intt
option component by facility to deposit his surplus
funds in the OD A/C & withdraw the same at
--“PNB
his/her choice upto the extent of OD limit.
Flexible 2. ELIGIBILITY: Customers below the age of 50
Housing yr. (The existing HL borrower be allowed the
Loan benefit if their HL A/C is regular & no IR
irregularity is o/s).
3. PURPOSE: Loan be allowed for all purposes,
(RAD: 60/
except for purchase of land/plot.
01.11.19-
4. NATURE OF FACILITY: Term Loan – 80% and
Ann-4)
overdraft -- 20%, ensuring margin of 20%/25%.
5. EXTENT OF LOAN: Borrower 6. Repayment: -TL - As per HL Scheme 7. Margin: Same as HL
shall be entitled to 20% - OD component: For borrower –
increase in the original total Below 55 yr – Servicing of intt as and
8. ROI: Same as HL &
HL-OD
limit sanctioned after a lapse of when charged upto age of 55 yr.
5 yr. This 20% increase shall be 55 yr & ab.- On monthly reducing DP Max. 9. Upfront Fee/Proc
subject to the market value of Upto the age of 65 yr. Fee/Doc charges:
the property. Same as HL.
6. 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.
- On customers attaining the age of 55 years the OD facility shall be allowed on monthly reducing DP
basis, with reduction commencing from the month following the month when the customer attains the
age of 55 years so as to ensure that whole of the OD limit, including TL limit, is adjusted by the age of
70 years. CH & ab. may relax repayment period upto the age of 75 years.
- OD drawing limit will be enhanced on regular basis at yearly
intervals. OD limit can be enhanced max upto 50% of the loan
amt sanctioned.
-The enhancement in OD drawing limit be allowed upto the
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 05 yr.
-Borrower will be allowed to deposit his surplus funds in the OD
A/C, and withdraw the same.
-The borrower shall be required to service the interest
component only on the Overdraft facility.
- The EMI shall comprise of EMI calculated on Term Loan
component + interest on overdraft component.
 RETAIL LENDING SCHEMES AT A GLANCE (AS ON 20.12.2019) (COMPILED BY R. C. JHA, CM, CO: PUNE)
Scheme Purpose & Eligibility, Extent of Loan, Repayment Period, Margin, ROI & Security (1 YR.MCLR-8.15%, w.e.f. 01.11.19) (RLLR=REPO+MARKUP=5.15+2.65=7.80%)
6. 1. PURPOSE: For meeting Earnest Money Deposit 4. Loaning power: 5. Repayment: 6. Margin: NIL; 7. ROI: RLLR+0.25% = 8.05% Nature Of Loan: Demand Loan.
(EMD) requirements to apply for allotment of Incumbents of authorized To be adjusted through {6M Intt (ZM may relax for 3 M) on loan amt to Intt Table Code: EMDMR
EMD Plot/Flat /House under the Schemes floated by branches (by CH) after refund order/HL or be recovered upfront on refundable basis for Purpose of advance code: HFEMD in V detail
Scheme State Housing Boards (SHB)/Urban Development entering into MOU/Letter through own Sources in completed month.} Upfront fee & documentation charges: NIL
Authorities (UDA)/ Local Improvement Trusts. of Comfort with the State bullet payment. 8. Security: The amount deposited with State Irrevocable Letter of Undertaking be obtained
(RAD: 66/ 2. ELIGIBILITY: Individuals, Joint Owners. Housing Boards/Urban -PDC for full amt of loan Housing Board/ Urban Development Authority/ empowering the Bank to get the allotment cancelled if
01.11.19) 3. EXTENT OF LOAN: 100% of EMD subject to Development Authorities/ be taken at the time of Local Improvement Trust. the borrower fails to adjust EMD loan within 15 days
Max Rs. 15 L. Local Improvement Trusts. sanction. GUARANTEE: NIL from the date of allotment.
7. 1. PURPOSE: “Housing for All” Mission for urban area is being implemented during 2015-2022 (17.06.15 to 4. Loan Amount: Max Rs 30 L.
31.03.22) and this Mission will provide central assistance to implementing agencies through States and UTs. 9. Credit Linked Subsidy: Subsidy is available @6.50% for Max 20
PMAY: [For purchase of new dwelling
Mission is being implemented as Centrally Sponsored Scheme (CSS) except for the component of Credit years or tenure of the loan, whichever is earlier on loan amount
unit/ construction/ addition of
“PNB Linked Subsidy which will be implemented as a Central Sector Scheme. upto Rs. 6 Lac with maximum Subsidy amount will be Rs 267280/-.
rooms, kitchen, toilet etc (for
Hsg for 2. ELIGIBILITY: Affordable Housing through Credit Linked Subsidy: Interest subsidy for EWS and LIG for Interest subsidy will be credited to loan account after receipt of
conversion from kutcha/semi
All”-- new house or incremental housing: a) EWS: Annual Household Income upto Rs.3 L and house size with the same from NHB. Additional loans beyond Rs. 6 Lac, if any, will
pucca to pucca house) for
be at nonsubsidized rate. The Net present value of the interest
Credit carpet area upto 30 sq.mt; & b) LIG: Annual Household Income above Rs.3 L and upto Rs.6 L existing dwelling units.]
subsidy will be calculated at a discounted rate of 9%. Interest
and house size with carpet area upto 60 sq.mt. Disbursement of loan in
Linked subsidy will be credited upfront to the loan account of
3. Beneficiary: The beneficiary family (comprise husband, wife and unmarried children) should not own a maximum 4 installments. beneficiaries after receipt of the same from NHB. For loans
Subsidy
‘pucca’ house (an all-weather dwelling unit) either in his/her name or in the name of any member of his/her 5. Repayment: Upto age of 70 sanctioned upto 31.12.16, intt subsidy would be available for max
Scheme family in any part of India. An Affidavit to this effect is to be obtained. years or repayment period 30 loan tenure of 15 years. Subsidy will be released to the Bank by
for EWS - The houses constructed/acquired with central assistance under the mission should be in the name of the years, including moratorium the NHB in maximum of 4 installments.
& LIG female head of the household or in the joint name of the male head of the household and his wife, and Period, whichever is earlier. -All PMAY-CLSS claims in respect of housing loans sanctioned on or
(CLSS- only in cases when there is no adult female member in the family, the house can be in the name of male 6. ROI: As per HL to public after 26.12.2018 would require capturing the Aadhaar number or
member of the household. This is applicable only for new purchases and not for new construction (on an scheme. (Floating ROI only)
EWS & existing piece of land) or for enhancement/repairs of an existing house.
in its absence, the Aadhaar enrolment number.
7. Margin: Loan up to Rs 20 L- - The bank shall submit a consolidated utilization certificate on
LIG) - W.e.f. 27.06.17, it is advised that: “An adult earning member (irrespective of marital status) can be treated 10%, Loan ab Rs 20 L & upto Rs completion of the housing unit within 1 year from the completion
as a separate household; Provided that He/she does not own a pucca house (an all-weather dwelling unit) 30 L- 20%; of construction or a maximum of 36 months from the date of
(RAD:69/ in his/her name in any part of India. Also in the case of a married couple, either of the spouses or both (Cost. of stamp duty, registration disbursement of 1st instalment of the loan amount.
01.11.19) together in joint ownership will be eligible for a single house, subject to income eligibility of the household. etc. may be included for the - Central Nodal Agencies: HUDCO & NHB. Our Bank has signed
- Now, person with pucca house having built-up area less than 21 Sq. Mt may be included for purpose of calculating LTV ratio MOU with NHB.
enhancement of existing dwelling units upto 30 Sq. Mt. But, if enhancement is not possible on account of in cases where the cost of house
lack of availability of land/space or any other reason She/He may get a house under PMAY (U) elsewhere. not exceed Rs.10 L) 10. NMS/I Max. Ded. of NMS/I
11. Service Charges: - Doc Chg: NIL; - Proc Fee: HL upto 6 L- NIL, HL Ab 6 L-- Normal Proc Fee. 8. Security: EM/RM of the Up to Rs. 30000 40%
- In lieu of proc fee, the bank would be given a lump sum amnt of Rs 3000/- per sanctioned application. property as per HL scheme. >Rs. 30000- Rs.50000 50%
- Scheme Code- TLPHA; - Additional details in “ADPMAY’
8. 1. Purpose: For acquisition/construction of house (including repurchase). 4. Loan Amount: Need Based as per the existing HL scheme. 6. Security: EM/RM 8. Subsidy: Accounts opened on or after
{Loans for Repair/Renovation/Extension of existing dwelling unit are not of the property as 01.01.17 under Scheme Code TLPHL & TLPHA
PMAY: 5. Maximum loan tenure: As per existing HL scheme.
eligible for subsidy under the scheme.} per the existing HL and fulfilling the criteria of CLSS - MIG are
Credit 2. Eligibility: Individuals from MIG category. Joint owners from the same But, subsidy will be available for a max period of 20 years on scheme. eligible for subsidy under CLSS.
Linked family are also eligible. The beneficiary family should not own a pucca house Notional Basis. Loan for period beyond 20 years will be on Credit Linked Subsidy: The subsidy will be
Subsidy either in his/her name or in the name of any member of his/her family in any non-subsidised rate. Moratorium Period: As per HL scheme. 7. Rate of Interest: available at the following rates: MIG-I = 4%
part of India AND not availed of central assistance under any housing scheme As per HL to public (Loan upto Rs 9 L) Max -- Rs 235068. MIG-II =
Scheme Particulars MIG I MIG II
from Govt of India. scheme. 3% (Loan upto Rs 12 L) Max-- Rs 230156.
for 3. Beneficiary Family: Husband, wife, unmarried sons and/or unmarried Household Income (Rs. p.a.) Ab. 6 L Ab. 12 L (Floating ROI only) 9. Processing Fee & Doc Charges:
Middle daughters. An adult earning member (irrespective of marital status) can be upto 12 L upto 18 L Loan up to Rs. 9L in MIG-I – NIL,
Income treated as a separate household; Provided that he/she does not own a pucca Interest Subsidy (p.a.) 4% 3%
- Scheme Code- Loan up to Rs. 12 L in MIG-II – NIL.
house in his/her name in any part of India AND in the case of a married Maximum loan tenure 20 Yr 20 Yr Beyond above: As per HL scheme.
Group TLPHA
couple, either of the spouses or both together in joint ownership will be Eligible HL Amount for Interest 9L 12 L -Additional details 10. i. NRIs can be considered provided they are
(CLSS- eligible for a single house, subject to income eligibility of the household. Subsidy to be filled in Menu eligible under the scheme guidelines and are
MIG) - The scheme has been implemented initially in 2017 for a period of one Carpet Area of Dwelling Unit 160 200 option “ADPMAY’ also in compliance with other GOI/RBI rules, if
year w.e.f. 01.01.17, upto 31.12.17. The Bank has registered with NHB by Sq. m. Sq. m. any, applicable to NRIs.
signing MOU for CLSS for MIG on 22.03.17. Period of the credit Linked Discount Rate for Net Present 9% 9% ii. NHB has advised that as the minimum income
Subsidy Scheme for MIG has been extended upto 31.03.2020. Value (NPV) calculation of is more than Rs. 6 Lakh, at least one of borrower
(RAD: 68/
- All Statutory Towns as per Census 2011 and towns notified subsequently interest subsidy is expected to have a PAN Number.
01.11.19)
will be eligible for coverage under CLSS for MIG.
 RETAIL LENDING SCHEMES AT A GLANCE (AS ON 20.12.2019) (COMPILED BY R. C. JHA, CM, CO: PUNE)
Scheme Purpose & Extent of Loan Repayment Period Margin, Security & ROI Other Imp. Guidelines
Eligibility (1 YR.MCLR-8.15%, w.e.f. 01.11.19) RLLR=REPO+MARKUP=5.15+2.65=7.80%
9. PNB Saraswati: For PNB Saraswati: Repayment Period: PNB Saraswati, Margin: PNB Saraswati: Upto 4 Lac – NIL; Ab. 4 Lac – 5%. - Upfront Fee – NIL for studies in India. 1%
pursuing higher, -Max. Rs. 10L for studies in India. Pratibha, Udaan, Honhaar:-- 15 yr with PNB Udaan: Upto 4 Lac –NIL; Above 4 Lac – 15%. with Min. Rs 10,000/- for studies abroad
Educati professional and - CH: Need based loans. moratorium period = course period + 1 yr. PNB Pratibha: (i) 119 Institutes at Annexure-G: NIL (refundable)
on Loan technical education in - BHs of SMG IV & ab are vested with powers PNB Kaushal:-- (ii) 82 Institutes at Ann-H: Upto 4L – NIL, Ab Rs. 4 L - 5%; - Documentation charges upto Rs. 4 lac – Rs.
India, other than for sanctioning edu loan upto Rs.30 L for For loans upto 50000/- --3yr; Co obligation of Parents only. No Coll. Sec. 270/-+ GST; and Over Rs. 4 lac - Rs. 450/- +
premier Institutes studies in India. From ab 50000/- to Rs.1 Lac- 5 yr; PNB Kaushal: Margin – NIL; GST. (Both Charges NIL for Kaushal). For IITs
(5 PNB Udaan: For PNB Udaan: For loans ab 1 Lac- 7 yr. PNB Honhaar: Margin – NIL; & IIMs students: Doc Chg: NIL
schemes) pursuing higher, - Max. Rs. 20 L for studies abroad. Moratorium:--- For courses upto 1 year → 6 [Scholarship/assistantship be included in the margin] - Reimbursement of fee: May be permitted
professional and - CH: need based loans ab these ceilings. M from the completion of the course. For ROI: PNB Saraswati by BH within 6 M from the date of payment
technical education - BHs of SMG IV & ab are vested with the courses ab 1 year→ 12 M from the (i) Loan upto Rs.7.50 L (covered under CGFSEL Scheme)= of fees. After 6M, by CH.
[RBDA: abroad. powers for sanctioning edu loan upto Rs.40 L completion of the courses. (BH may permit RLLR + 2.15% = 9.95% - The expenses, which could be considered
CIR: PNB Pratibha: for studies abroad. extension in morat upto max 02 yr) (ii) Loan above Rs.7.50L: RLLR+2.75% = 10.55% max upto 10% of the total tuition fees for
For students getting PNB Pratibha: Max Rs. 35L (119 Inst-Ann 1. BM is empowered to permit extension in (iii) Loans irrespective of amt (where 100% tangible the entire course: Caution deposit, Building
PNB admission in 199 G)/10L (For 82 Inst-Ann H); Gr. TOTAL: 201 moratorium period up to max 02 yr in collateral security in the shape of IP, enforceable fund/refundable deposit supported by
Saraswati Premier Institutes in Inst. deserving cases under reporting to CH. under SARFAESI and/or liquid security is available): Institution bills/receipts.
70/ India. - All IIMs and IITs, opened in the recent past/ 2. Sanctioning Authority may consider RLLR+2.00% = 9.80% - The expenses (if not available in
PNB Kaushal: get subsequently opened and not included in extension of time for completion of course (iv) Education Loan to children of PNB’s Employees expenditure schedule of college, which could
01.11.19; For pursuing the list of 201 premier Institutes shall be placed up to max period of 2 yr. where employee is co-borrower/guarantor: RLLR +0.25% = be considered max upto 20% of total tuition
Vocational Education in Ann- G with ceiling of Loan Amt of Rs 15 L. 3. Sanctioning Authority may consider 8.05% fees for the entire course: Purchase of
& Training/ Skill - ZM may sanction higher amount of loan up to telescoping of the repayment with stepped PNB Pratibha: books/equipments/instruments/
PNB development courses a max of 50% over & ab the ceiling prescribed up installment with passage of time over the (i) Students getting admissions in institutions other than uniforms/Comp.
Udaan: of duration of 2 M to for institutes mentioned in Ann- G & H. repayment period in cases where salary IITs, IIMs & XLRI Jamshedpur:--- - Concession for female students: 0.50% in
70/ 3 Yr. (For PG Diploma in Management from NIBM, levels at the start of the career do not Loan upto Rs.7.50 L under CGFSEL=RLLR+0.75%= 8.55%; ROI for o/s upto 10 L & 0.25% for o/s ab. 10
PNB Honhaar: For Pune--Max amt of collateral free loan-- Rs. 12L, facilitate comfortable payment of EMI. Loan above Rs.7.50 L= RLLR+0.25% = 8.05% L. {But, No concession for loans extended to
01.11.19; Students done class X For Army Institute of Management & 4. Existing Education Loan borrowers, with a (ii) Students getting admissions in IITs, IIMs, XLRI children of PNB’s Employees where interest
& XII from Delhi & Technology, Greater Noida-- Max amt of repayment period upto 10 yr may be Jamshedpur & NITs: Loan upto Rs.7.50 L under rate charged is RLLR+ 0.25%.}
wish to pursue collateral free loan, with NIL Margin --Rs. 10L,) extended upto 15 yr, by the respective CGFSEL:RLLR + 0.65% = 8.45% - Simple Interest during Moratorium period.
PNB diploma or degree PNB Kaushal: Rs.5000/- to Rs.1.50 L Loan above Rs.7.50 L: RLLR + 0.15% = 7.95 % - 1% Intt concession: servicing of intt during
Sanctioning Authority and same shall not be
Pratibha: level courses or PNB Honhaar: Max. Rs.10 L (For Studies in treated as restructuring. PNB UDAAN: study period and regular repayment
70/ specified skill Delhi) (Margin – NIL, No coll. Sec.; Parent/legal 5. Charges for change in terms & conditions (i) Loan upto Rs.7.50 L (covered under CGFSEL Scheme): thereafter. However, No concession in
development courses guardian to be joint borrower) of sanction: 0.02% of loan amount (Min RLLR + 2.15% = 9.95 % interest shall be available to women
01.11.19; in Delhi only. (ii) Loan above Rs.7.50 L: RLLR+2.75% = 10.55% borrowers and to any category of borrowers
Rs.1,000/-, Max Rs. 5 L).
Security: (PNB Saraswati, Udaan) (iii) Loans irrespective of amt (where 100% tangible for regular servicing of interest during
PNB i) Upto Rs. 7.50 L: Parent(s)/guardian be made joint borrower. No tangible Security and/or 3rd party guarantee. collateral security in the shape of IP, enforceable moratorium period and repayment of EMI
a) However, all eligible education loans up to Rs.7.50 L sanctioned shall be covered under CGFSEL. under SARFAESI Act, and/or liquid security is available): during repayment period for pursuing
Kaushal: b) Education Loan to children of PNB’s Employees where employee is either co-borrower or guarantor are exempted for RLLR + 2.00% = 9.80% courses under PNB Pratibha scheme.
78/ coverage under CGFSEL scheme. However in such cases the security norms shall be as under: Upto Rs. 4 L: No Security. (iv) Loan for pursuing education from premier foreign - Penal interest: Upto Rs. 25000/ - NIL and ab
Parent(s)/guardian be made joint borrower. Above Rs. 4 L & upto Rs. 7.50 L: Besides the parent(s)/guardian as joint universities and educational institutes (200) under PNB Rs. 25000/- 2% on the default/irregular
01.10.18; Udaan: RLLR + 2.00% = 9.80 % portion.
borrower, collateral security in the form of suitable TPG be taken. (Sanctioning Authority may waive TPG).
ii) Above Rs.7.50 L: Tangible collateral security of suitable value acceptable to bank. Parent(s)/guardian: joint borrower(s). (v) Edu Loan to children of PNB’s Employees who is - Life Insurance policy: Optional ‘Met Loan &
PNB [Note:-- Under PNB Udaan: Education loan to students for pursuing diploma & certificate courses other than either co-borrower or guarantor: RLLR+0.25% = 8.05% Life Suraksha’.
aeronautical, pilot training, shipping etc from abroad, not otherwise covered under the Scheme may be considered by PNB Kaushal: - Disposal of Application: within one week
Honhaar: Incumbents of S-IV & ab, where the loan is backed by liquid security valuing 125% of loan amt. Further, CH & above have (i) Loan upto Rs.1.50L (Covered under CGFSSD): (cases of Branch/RAPC) and within two
71/ been empowered to accord permission to consider such cases where loan is backed by mortgage of IP, enforceable under RLLR+1.65%=9.45% weeks (CH & ab power) from the date of
01.11.19 SARFAESI Act, having RV of at least 200% of loan amount.] (ii) Education Loan to children of PNB’s Employees receipt of complete application.
Further, in case of wards of staff members, Education Loan for Diploma/Certificate Courses for studies abroad may also where employee is either co-borrower or guarantor: CLASSIFICATION: Advances allowed to
(only for a. Under CGFSSD Optional : RLLR +0.65% = 8.45% individuals under the Education Loan
be permitted by CH & ab subject to availability of: Collateral Security in the shape of IP equivalent to the amount of loan
Delhi OR Where the residual value of IP already mortgaged is sufficient to cover the loan amount. b. Others: RLLR + 0.25% = 8.05% Scheme up to Rs.10 L for studies in India,
branches) Security (PNB Kaushal & Honhaar): No coll. Sec. Or TPG. PNB Honhaar: RLLR+2.15% i.e. 9.95% irrespective of the sanctioned amt, will be
SECURITY (PNB Pratibha): i. Co-obligation of parents/guardian as joint co-borrowers. However, the sanctioning authority PNB Honhaar: The scheme provides guarantee to the bank by eligible for classification under Priority
may waiver parents/guardian as joint co borrowers, while considering loans for PGPMAX Course pursued at ISB Higher Education and Skill Development Credit Guarantee Sector.
Hyderabad/Mohali Campus. Fund in case of default of bank loans. An Annual Guarantee -Top up loan: For pursuing further studies on
In case of 3 year part-time weekend PG Diploma programin Business management for Working Executives and Business Fee of 0.50% of the outstanding amt as on the date of merits by Incumbents of Scale IV & ab
application of the guarantee cover is payable upfront. The subject to max amt under the Scheme upto
Owners conducted by XLRI, the clause of Co-obligation of parents/guardian as joint co-borrowers has been waived.
Guarantee fee shall not be recovered from the student upto Rs.30L/Rs. 40 L for studies in India/abroad
ii. No collateral security to be insisted upon for the amount up to the maximum loan amount as per Annexure G & H.
sanctioned limit of Rs 7.50 L, but the Guarantee fee shall be
However, all eligible education loans up to Rs.7.50 L shall be covered under the CGFSEL, Education Loan to children of respectively. CH & ab may sanction higher
borne by the borrower for loans sanctioned ab Rs 7.50L to Rs
PNB’s Employees where employee is either co- borrower or guarantor is exempted for coverage under CGFSEL scheme. amt.
10 L.
As per the reputation of the institutes /individual merit of the case, ZMs have been vested with the powers for permitting - Assignment of future income of the student
waiver of the condition of making the parents as co-borrower. to be taken in all cases.
 RETAIL LENDING SCHEMES AT A GLANCE (AS ON 20.12.2019) (COMPILED BY R. C. JHA, CM, CO: PUNE)
Scheme Purpose & Eligibility Extent of Loan Repayment Period Margin, Security & ROI (RLLR=REPO+MARKUP=5.15+2.65=7.80%) (1 YR.MCLR = 8.15%, w.e.f. 01.11.19)

10. 1. Background: Based on the recommendation of IBA, PNB has formulated a new 8. Loan Amount: Need based. 20. Scheme Code:
education loan scheme for providing Education Loan to Overseas Citizens of India (OCI)/ 9. Expenses considered for loan: All the expenses required to complete TLEOD: During moratorium period,
Students born to Indian Parents during their stay abroad (Overseas citizen by birth) TLEDO: After moratorium period
PNB- namely “PNB-PRAVASI SHIKSHA LOAN” for pursuing Higher Education in India.
the courses including one time to and fro travel expense to India. Hostel
21. Interest Table Code: EDPSL
accommodation be included. Expenses for outside accommodation
Pravasi 2.Objective:To provide financial support to meritorious students who are OCI/Students other than that provided by college/university will not be considered. 22. Insurance Cover: Life Insurance Cover is
Shiksha who are born abroad(Overseas Citizenship by Birth) for pursuing higher education in India. 10. Credit Information Report (CIR): CIR of NRI Individuals may be mandatory upto an amount equivalent to total
3. Eligibility: OCI/Students who are born to Indian parents during their stay abroad loan amount including interest accrued during
Loan drawn from the external agencies providing the facility of credit score.
(foreign citizens by birth) and should have secured confirmed admission for a higher 11. PNB Score: A separate variant “PNB Pravasi Shiksha Loan” is repayment holiday.
education course in identified institutions in India. (Previously Persons of Indian Origin available under existing score model. 23. Upfront Fee: Upfront Fee with 1% of loan
(PIO) was also eligible under the scheme). 12. Margin: 20% amt, Min Rs.10,000+GST (Non-refundable)
(RBDA: 26/ 4. Co-borrower: Not applicable 13. Rate of interest: RLLR+2.15% = 9.95% 24. Document charges: Rs. 450 + GST
10.07.19 5. Courses eligible: Full time regular Graduate/Post Graduate/Diploma (equivalent to 25. Passport is mandatory. In case of OCI
14. Guarantee: Guarantee of Person(s) who is/are offering IP in India or
81/ Degree)/ Executive Courses. Part time/Research/Certificate Courses are not allowed. borrowers OCI card is mandatory.
11.12.19) Liquid Security as Collateral Security for the loan is mandatory.
6. Age criteria: No minimum age limit (Minor is not permitted) 15. Security: EM/RM of IP in India in the name of Guarantor(s) with 26. The Loan amt not to be remitted outside
7. Sanctioning Authority: value at least 125% of loan amount (IP must be other than agricultural India.
A) Proposals for education loan under the scheme forwarded by overseas offices are to or plantation property or farm house). OR 27. Disposal of Application: within 2 week
be received centrally at RAPC KAROL BAGH. The applications will be sent to the branch Liquid Security with value at least 125% of loan amount, in the shape of (cases of Branch level) and within 3 weeks (cases
offices authorized to deal in Forex or the branches permitted by CH. pledge of Govt Security, NSCs, KVPs, IVPs/PSU Bonds (where interest is falling under the powers of CH & ab) from the
B) Education Loan proposals of NRIs/PIOs, received directly by the inland branches, will being serviced regularly)/Bank's FDR/LIC Policies (surrender value) etc. date of receipt of complete application.
be processed and sanctioned at:-- 16. Repayment Period: Max 10 years (excluding moratorium period) 28. Re-imbursement of Fees: Not permitted.
i. All the branches authorized to deal in foreign exchange (Category A & B). 17. Repayment Holiday/Moratorium Period: Course Period + 6 months 29. Top up loan: To be considered on merits
ii. All the IBBs within their vested power. 18. Repayment mode: In EMIs, out of remittances from outside India (depending on the case) at level of S-IV & ab.
iii. Category-C branches not linked to RAPC but have been permitted by CH. through normal banking channels or by debit to NRE/FCNR(B)/NRO A/Cs. 30. Institutes covered: 143 Identified
iv. RAPC will sanction loan proposal of NRIs/PIOs received through LGBs: 19. Penalty: Penal interest @2% on the default/ irregular portion above Educational Institutes in India (as per list at
a. Which are authorized to deal in foreign exchange, b. Branches authorized by CH. Rs.25000/- to be charged as applicable to Retail Advances. Annexure D).

11. 1. Purpose: This scheme benefits all categories of economically weaker students for pursuing Professional/technical courses in India only and provides full interest subsidy during the period of
moratorium on Education loans taken by EWS students. The scheme is effective from the year 2009-10 and the scheme is an ongoing scheme till further instructions to the contrary are received from IBA.
Central
Further, the modified scheme is applicable for the academic year 2018-19 & 2019-20 starting 01st April, 2018.
Scheme
2. Nodal Bank: Canara Bank is the Nodal Bank for implementation and monitoring of the scheme.
to
3. Applicability/Features of the Scheme: The Scheme is adopted by all Scheduled Banks and is linked with the existing Model Education Loan Scheme of the IBA and restricted to students enrolled in
provide
professional/technical courses only from NAAC accredited institutions or professional/technical programmes accredited by NBA or institutions of National Importance or Central Funded Technical
Interest
Institutions (CFTIs). Those Professional institutions/programmes, which do not come under the ambit of NAAC or NBA, would require approval of the respective regulatory body viz, approval of Medical
Subsidy
Council of India for Medical courses, Nursing courses, Bar Council of India for Law etc.
(CSIS)
4. Eligibility for Subsidy: The interest subsidy shall be available to the eligible students only once, either for the first undergraduate degree course or the post graduate degrees/diplomas in India inclusive of
on
integrated courses (Graduate + Post graduate).
Education
5. Moratorium Period: Course Period + 1 year. On completion of moratorium period, the interest on the outstanding loan amount shall be paid by the student, in accordance with the provisions of the
Loans to
educational loan Scheme.
EWS
6. Income Limit/Proof: The benefit is applicable to the student belonging to economically weaker sections (EWS), having parental income upper limit of Rs. 4.50 L per year (from all sources).
students
7. 1% interest concession would be extended to the student borrower at the time of closure of account under the Central Sector Scheme of interest Subsidy, provided the Government of India releases
(RBDA: 72/ interest subsidy claims to the Banks on half yearly or yearly basis and the student borrower repays the Education loans regularly during the repayment period. With respect to concession of 1%, it was
01.11.19)
clarified that where Government provides subsidy it is not applicable.
8. Subsidy Amount: For Education loans exceeding Rs.10 lakh the subsidy under the scheme is available up to Rs.10 lakh only for studies in India upto 31.03.2018. Further, subsidy amount will be only for
Rs.7.50 lakh irrespective of sanctioned loan amount (within the parameters of IBA Model Education Loan Scheme) for all loans taken w.e.f. 01.04.2018.
 RETAIL LENDING SCHEMES AT A GLANCE (AS ON 20.12.2019) (COMPILED BY R. C. JHA, CM, CO: PUNE)
Scheme Other Imp. Guidelines (RLLR= REPO+ MARKUP= 5.15 + 2.65 = 7.80%) (1 YR.MCLR = 8.15%, w.e.f. 01.11.19)
12. 1. Introduction: i. Ministry of Social Justice & Empowerment (MoSJ&E) has launched “Dr. Ambedkar Central Sector Scheme of Interest Subsidy on Educational Loan for Overseas Studies for students belonging to Other
Backward Classes (OBCs) & Economically Backward Classes (EBCs)”. It provides Interest Subsidy for meritorious students from OBCs communities & EBCs communities/castes, who are not included in SC/ST/OBC
Dr.
categories so as to provide them better opportunities for higher education abroad and enhance their employability. The scheme is effective from 2014-15.
Ambedk ii. The scheme provides full interest subsidy during the period of moratorium on education loans taken by OBCs & EBCs for pursuing Post Graduate Diploma, Post Graduate degree course/Masters, M.Phil & Ph.D from
ar any Foreign University. Further, those students, who have completed M.Tech in India but is now pursuing MBA abroad and have received subsidy under CSIS/State Subsidy Scheme for the M.Tech course, are also
Central eligible in this Scheme.
2. Conditions for Interest Subsidy: i. The Scheme is applicable for higher studies abroad. The interest Subsidy shall be linked with the existing Educational Loan Scheme of IBA and restricted to students enrolled for
Sector
course at Masters, M. Phil and Ph. D level. ii. The interest subsidy under the scheme shall be available to the eligible students only once, either for Masters or Ph.D levels. Interest subsidy shall not be available to those
Scheme students who either discontinued the course mid- stream due to any reason, or those who are expelled from the institutions on disciplinary or academic grounds. iii. The scheme be available on preferential basis for
of the professional courses first. iv. The students obtaining benefits under this Scheme shall not be given the interest subsidy if he gives up Indian citizenship during the tenure of the loan.
Interest 3. Eligibility: i. The students should have secured admission in the approved courses at Masters, M. Phil or Ph. D levels abroad for the eligible courses. ii. He/She should have availed loan from a scheduled bank
under the Education Loan Scheme of the IBA for the purpose. iii. The students who have availed interest subsidy under any other scheme including the CSIS scheme for undergraduate courses, shall also be admissible
Subsidy
for interest subsidy under the present scheme. iv. The student should belong to the OBCs & EBCs communities. EBCs are those communities /caste who are not included in SC/ST/OBC categories and whose family
(ACSIS) -- income is below Rs 2.50 lakh per annum.
OBCS & 4. Income Ceiling:
EBCS i. For OBC candidates, total income from all sources of the employed candidate or his/her parents/guardians in case of unemployed candidate shall not exceed present Creamy Layer criteria i.e. Rs 8 L per annum.
ii. For EBC candidates, total income from all sources of the employed candidate or his/her parents/guardians in case of unemployed candidate shall not exceed Rs.2.50 L per annum.
iii. Under this Scheme, Income certificate produced by the student for availing Educational Loan viz. ITR/Form 16/Audited Accounts/Income certificate issued by the authority of State Government/UT Administration is
acceptable to determining Income ceiling.
(RBDA: 73/ 5. Rate of Interest Subsidy: i. Under the scheme, interest payable by the students availing the education loans of the IBA for the period of moratorium (i.e. course period, plus one year or six months after getting job,
01.11.19) whichever is earlier) as prescribed under the Education Loan Scheme of the IBA, shall be borne by the Government of India. ii. After the period of moratorium is over, the interest on the outstanding loan amount shall
be paid by the student, in accordance with the existing Educational Loan Scheme as may be amended from time to time. iii. The candidate will bear the Principal installments and interest beyond moratorium period.
6. Nodal Bank: Canara Bank is the Nodal Bank for implementation and monitoring of the scheme.

13. 1. Bank has entered into a Memorandum of Agreement (MoA) on 03.06.2013 for availing 100% refinance from National Handicapped Finance & Development Corporation (NHFDC) for extending concessional Education
Concessio Loans to Persons with Disabilities (PwDs) under bank’s Education Loan Schemes.
2. Guidelines for providing concessional education loan to Persons with Disability (PwDs) under refinance scheme of NHFDC are applicable to all the existing education loan schemes of the bank , subject to the
nal
following stipulations:
Education i. ‘Student Eligibility’ - Loan shall be available to any Student with 40% or more disability on the basis of Disability certificate issued by authorities empowered to issue.
Loans To ii. ‘Expenses considered for Loan’ - Cost of 2-wheeler upto Rs.50,000/- shall be considered within the overall ceiling of loan amount.
Persons iii. ‘Rate of Interest’ – 4 % with an additional rebate of 0.50% for women beneficiaries, i.e. 3.50%. {In case of default, normal ROI (plus penal intt) shall be charged for the period of default}.
With No further concession in interest shall be available to any category of borrowers for regular servicing of interest during moratorium period.
Disabilitie iv. ‘Quantum of Finance’ -- Need Based, Studies in India - Max. Rs.10 lakh, Studies abroad - Max. Rs.20 lakh
s (PWDS) v. The maximum repayment period of loan will be in conformity to the guidelines laid down in NHFDC scheme i.e. 7 years after commencement of repayment. The repayment as per repayment schedule would
(RBDA: 75/ commence 1 year after completion of course or 6 months after securing a job, whichever is earlier. Loans with repayment period beyond the ceiling as above are not eligible for refinance under the aforesaid scheme.
01.11.19) vi. The other terms & conditions as envisaged in all existing Education Loan Schemes of the bank shall remain applicable to this scheme also.
3. Educated PwDs are eligible to avail 3% reservation in admissions and also in the government jobs. Besides, the government is also providing attractive incentives to private sector for employing PWDs.
14. 1. BACKGROUND: i. The PM’s New 15 Point Programme for the Welfare of Minorities announced in June 2006, provides Interest Subsidy for meritorious students from minority communities belonging to EWS of
notified minority communities so as to provide them better opportunities for higher education abroad and enhance their employability. The scheme has been named as “PADHO PARDESH” and is effective from 2013-14.
Padho
ii. This central sector scheme provides full intt subsidy during the period of moratorium on education loans taken by EWS students belonging to minority communities for pursuing Post Graduate Diploma, Post
Pardesh Graduate degree course/Masters, M. Phil & Ph. D from any Foreign University. Further, those students, who have completed M. Tech in India but is now pursuing MBA abroad and have received subsidy under CSIS/state
Scheme of subsidy scheme for the M. Tech course, are also eligible in this Scheme. Six religious communities viz; the Muslims, Christians, Sikhs, Jains, Buddhists and Zoroastrians (Parsis) are notified as minority communities.
Interest 2. ELIGIBILITY: i. The student should have secured admission in the approved courses at Post Graduate Diploma, Masters, M. Phil or Ph. D levels abroad for the eligible courses
Subsidy on ii. He/ She should have availed loan from a scheduled bank under the Educational Loan Scheme of the IBA for the purpose.
Education iii. The loan sanctioned and disbursed from 2013-14 onwards will only be eligible for interest subsidy.
Loans For iv. The students who have availed interest subsidy under any other scheme including the CSIS scheme for undergraduate courses shall also be admissible for interest subsidy under the present scheme.
v. The income certificate (issued by competent authority in the State/Union Territory) obtained at the time of availing loan shall determine the eligibility under the scheme.
Overseas
vi. The Minority Certificate issued by any Religious body issuing authority, School/College Principal or a Self Declaration of the student would be a proof to determine minority community.
studies for
3. Income Ceiling: Total income from all sources of the employed candidate or his/her parents/guardians in case of unemployed candidate shall not exceed Rs. 6 L per annum.
Students of
4. Rate of Interest Subsidy:
Minority i. Under the scheme, interest payable by the students availing of the educational loans of the IBA for the period of moratorium (i.e course period, plus one year), shall be borne by the Government of India.
(RBDA: 74/ ii. The interest subsidy shall be restricted to the disbursed component not exceeding Rs. 20.00 lakh.
01.11.19) iii. After the period of moratorium is over, the interest on the outstanding loan amount shall be paid by the student, in accordance with the existing Educational Loan Scheme.
iv. The Candidate will bear the Principal installments and interest beyond moratorium period.
5. Nodal Bank: Canara Bank is the Nodal Bank for implementation and monitoring of the scheme.
 RETAIL LENDING SCHEMES AT A GLANCE (AS ON 20.12.2019) (COMPILED BY R. C. JHA, CM, CO: PUNE)
Scheme Other Imp. Guidelines (RLLR= REPO + MARKUP= 5.15+2.65 = 7.80%) (1 YR.MCLR = 8.15%, w.e.f. 01.11.19)
15. 1. BACKGROUND: The Govt. of India through Ministry of HRD, Department of Higher Education has notified the Credit Guarantee Fund Scheme for Education Loan (CGFSEL) vide Gazette
Credit Notification dated Sept 16, 2015 under the Trust Fund, Credit Guarantee Fund for Educational Loans (CGFEL). The fund and the scheme will be managed and operated by National Credit
Guarantee Guarantee Trustee Company Limited (NCGTC) which is a wholly- owned Trustee company of Government of India. The Scheme shall be effective on all Education loans sanctioned on or after
Fund 16.09.2015 (Date of notification) and complying to CGFSEL guidelines. The guarantee cover will commence from the date of payment of guarantee fee and shall run through the agreed tenure
Scheme of the Education Loan.
2. The scheme stipulate that all Education loan (for pursuing studies in India and Abroad) sanctioned upto Rs. 7.50 Lac without obtaining collateral security and/or third party guarantee and with
For
Maximum Rate of Interest as Base Rate plus 2% (BR+2%), shall be covered, subject to payment of Annual Guarantee Fee (AGF) of 0.50% p.a. on the outstanding loan amount. The Guarantee
Education
fee shall be borne by bank.
Loans
3. The Bank shall apply for guarantee cover in respect of education loans disbursed in the quarter April-June, July-September, October-December and January- March prior to expiry of the
(CGFSEL)
following quarter viz. July-September, October- December, January-March and April-June, respectively.
4. Extent of the guarantee: The Fund shall provide guarantee cover to the extent of 75% of the amount in default and would be settled as under:--- 75% of the guaranteed amount will be paid
(RBDA: within 30 days and the balance 25% will be paid after all avenues for recovery have exhausted. The guarantee cover will commence from the date of payment of guarantee fee and shall run
19/31.03.16 through the agreed tenure of the Education Loan.
78/17.09.16 5. Guarantee Fee: For availing the guarantee coverage, the Bank shall pay Annual Guarantee Fee (AGF) of 0.50% p.a. of the outstanding amount as on the date of application of guarantee
97/02.12.16 cover, upfront to the Fund within 30 days from the date of Credit Guarantee Demand Advice Note (CGDAN) of guarantee fee. All subsequent AGFs would be calculated on the basis of the
38/04.06.18) outstanding loan amount as at the beginning of the Financial Year. The guarantee fee once paid by the Bank to NCGTC is non-refundable, except under certain circumstances like: a) Excess
remittance, b) Remittance made more than once against the same Education loan, & c) Annual guarantee fee not due.
6. Invocation of guarantee: The Bank may invoke the guarantee in respect of Education loan within a maximum period of one year from date of NPA, if NPA is after lock-in period or within one
year of lock-in period, if NPA is within lock-in period, after satisfying certain conditions.

16. 1. As per the scheme, all skill loans sanctioned with limits Rs.5000/- & above and up to Rs.1.50 lacs, under PNB kaushal on or after 15.07.2015 , without any collateral security and /or third
Coverage party guarantee shall be covered under the CGFSSD scheme , subject to compliance of its parameters. Bank shall apply for Guarantee Cover in respect of all eligible education loans up to Rs.1.50
of lacs, sanctioned/disbursed, without any collateral security and /or Third Party Guarantee (subject to compliance of its parameters), in the quarter April-June, July-September, October-
Education December and January-March prior to expiry of the following quarter viz. July-September, October-December, January-March and April-June, respectively.
Loan A/Cs 2. Loan Limit: The minimum and maximum loan limit under this Scheme is Rs.5000/- and Rs.1,50,000/- respectively, without any collateral security and/or third party guarantee.
Under 3. Interest Rate: The Interest Rate to be charged by the Bank for skill loan to be covered under CGFSSD should not be more than 1.5 % p.a. over the MCLR.
“Credit
4. Eligible Borrower: New or existing borrower with Indian Nationality who meets eligibility criteria prescribed under “Skill Loan Scheme” having the minimum qualification as required by the
Guarantee
enrolling institutions/organizations as per National Skill Qualification Framework (NSQF) and who has executed loan documents with the lending institution to avail skill loan. Parents/guardians
Fund
will be the co-borrowers.
Scheme For
Skill 5. NCGTC: National Credit Guarantee Trustee Company set up on March 28, 2014 by Government of India under the Companies Act 1956 to act as the Trustee to operate the Credit Guarantee
Developme Funds for Educational Loans, Skill Development Loans and any other funds to be set up by Government of India from time to time. All matters pertaining to the operations of CGFSSD would be
nt undertaken by NCGTC on behalf of the said Fund Trust.
(CGFSSD)” 6. Lock-in-period: The period during which no invocation of guarantee can be made. A lock-in-period of 12 months has been stipulated from the date of commencement of guarantee cover or
–PNB end of period of moratorium of interest, whichever is later.
KAUSHAL 7. Guarantee Fee: i. For availing the guarantee coverage, the Bank shall pay Guarantee Fee of 0.125% per calendar quarter (i.e. 0.50% p.a.) on the quarter end outstanding portfolio balance
(skill loans).
(RBDA:
ii. Guarantee fee shall be paid within 16 days from the end of the calendar quarter. (The Bank would need to furnish a Management Certificate within 10 days from the end of the calendar
79/17.09.16
98/02.12.16
quarter, after which, a Credit Guarantee Demand Advice Note [CGDAN] would be issued by NCGTC within 3 day of receipt of Management Certificate and subsequently, the guarantee fee shall
69/10.08.17 be payable within 3 days from the issue of CGDAN).
38/04.06.18) 8. Invocation of guarantee: The Bank may invoke the guarantee in respect of Education loan within a maximum period of one year from date of NPA, if NPA is after lock-in period or within one
year of lock-in period, if NPA is within lock-in period, after satisfying certain conditions.
 RETAIL LENDING SCHEMES AT A GLANCE (AS ON 20.12.2019) (COMPILED BY R. C. JHA, CM, CO: PUNE)
Scheme Purpose & Eligibility Extent of Loan Repayment Margin, Security & ROI Other Imp. Guidelines
Period (RLLR= REPO+MARKUP = 5.15+2.65 = 7.80%) (1 YR.MCLR = 8.15%, w.e.f. 01.11.19)
17. 1.Purpose: For purchase 3. Extent of Loan: For Individuals/ 6. Repayment 11. Processing/Documentation charges:
7. MARGIN: For new vehicles: 15% of on road price (CH
of: New/Old (not older Proprietorship Concerns - 25 times Period: Upto Rs. 6 Lacs - Rs. 1,000/-
discretion 10%)
CAR than 3
Car/Van/Jeep/MUV/ SUV;
yr) net monthly salary/income/ pension. New vehicles –
Max. Rs.100 L. (for 1 or more 84 M
Tie up arrangement: 10% of on road price OR NIL on Ex-
showroom price.
Above Rs. 6 Lacs- Rs. 1,500/- (excluding GST)

LOAN [Reimbursement of cost vehicles) Old vehicle: 12. Under PNB Pride: Full waiver of upfront/
For old vehicles: 30% of value (Value calculated by 15%
of New vehicle purchased [BH in S-IV & ab may relax the criteria processing fees and documentation charges for
Scheme 60 M. straight line method depreciation on current invoice price.)
by individual/ corporate of number of times; CH & ab may permanent Employees of Central/State
out of own funds. (Not relax the criteria and sanction need {Persons in 8. ROI: (Under Floating Option): Govts/Defence personnel & paramilitary forces.
more than 3 M old)— based amount] agriculture & Scheme/ Borrower Type ROI
Margin: 25% of On-Road allied activities: Women/ Irrespective of CICs RLLR+0.75%= 8.55% 13. Tie up arrangement: 1. Maruti, 2. Tata Motors, 3.
(RBDA: Price, Business Concerns: No Ceiling. 7 years (new PNB PRIDE/ Score
Corporates
M&M, 4. Honda, & 5. Force Motors. (CHs have been
62/ Sanctioning Authority: vehicles) or 5
Others CIC Score 750 & RLLR+0.75%= 8.55% vested with powers to enter into tie-up with local car
01.11.19) {Branch – invoice date 4. Maximum Deduction: years (old
Individual above dealers.)
upto 1 M old. Net Mly Salary/ Max. Ded. vehicles)
CIC Score 700 - 749 RLLR+0.95%= 8.75% Eligibility per Eligibility per
Circle Head - invoice date Income of NMS/I Sales executive
{Repayment CIC Score less than RLLR+1.20%= 9.00% Car dealer
up to 3 M old.] Up to Rs.30000 40% per FY per FY
within 65 yr of 700
2. Eligibility: For Private >Rs.30000- 50% Rates (% of Rates (% of
use: Individuals & Joint Rs.100000 age of the ROI: (Under Fixed Option):
loan Amt) loan Amt)
Borrowers (parent/spouse >Rs.100000 60% borrower, upto Fixed for All (including PNB Pride): MCLR+0.95% =8.75%
No. of Loan Amount
/Earning Children) * (Deductions: 10% extra by 70 yr by CH & vehicle
9. GUARANTEE/ COLLATERAL SECURITY:
- Business concerns CH/COCAC & ab) above.} Upto 10 Upto Rs. 40 L 1.50% 0.25%
- TPG/collateral security is waived in following cases:---
(Corporate &Non-Corp). {Note:-- Where i) Permanent Employees of Central Govt./State Govt./ 11 to 40 Ab Rs. 40 L & 1.70% 0.30%
-Min net mly salary/ 5. Loaning Power: option of PSUs/MNCs/Listed Companies at BSE or NSE; upto Rs. 1.25 Cr
Pension/Income: NACH/ECS is ii) For other than salaried class borrower(s) where ex – Ab 40 Ab. Rs. 1.25 Cr. 1.95% 0.35%
Ind/Sol- Business
Rs. 20 000. available the showroom cost of the car is exceeding Rs. 6 L.
prop. concern [CH may alter the payout ratio amongst Car Dealer &
-Income of spouse/ same may only - In all other cases: Third Party guarantee/Collateral Security.
S-I NIL NIL Sales Executive, keeping in view the business mobilized,
parents/Earning children be got - BH in S-IV & above may waive the guarantee/collateral
S-II 7.50 7.50 but within the overall maximum payout approved by
(max 1 co-borrower) can exercised. No security on merits of each case.
S-III 25 TL power the bank. The payout will be based on leads generated
be added. fresh/additional 10. Security inspection: a) Where the loan A/C is running
- For business concerns S-IV 100 TL power for the Circle as a whole in branches in that Circle and
PDC /EMI regular the requirement of periodical Inspection, including
(Corporate/Non-corp): S-V & Ab. 100 TL power not on individual branch basis.]
cheques shall be obtaining of PNB 551, may be done away with. b) For
Min DSCR should be at CH/COCA TL power TL power accepted)
C & ab. irregular/NPA A/Cs, the inspection be done on quarterly or 14. JRC (Joint Registration Certificate): To be extracted
least 1.50:1 and min 02 Yr at such shorter intervals as the situation demands and PNB from the VAHAN portal (https://vahan.nic.in/nrservices).
ITRs and BS to be 551 to be obtained on half yearly basis.
obtained.
15. Regularity of income:--- i. For all class of borrower(s): Latest salary slip, ITR (for the last two years) etc. be taken.
ii. a. For salaried class: Latest salary slip, Form16/ITR for the last 2 years be taken. Where 2 years ITRs/Form 16 is not available, sanctioning authority may consider sanction of loan provided last 12 months salary is
verified either from salary slips/form 16 or Stt of A/C. Form16/ITR is not to be insisted upon, in case the proposed borrower is a confirmed/permanent employees of Central Govt./State Govt./ PSUs/ MNCs/ Listed
Companies at BSE or NSE (whose Shares are actively traded and quoted above par), drawing salary of an amt which does not categorize under taxable income i.e presently, upto the threshold limit of Rs. 2.50 L p.a. and
having salary a/c with our bank for the last two years. Further, Sanctioning Authority may consider sanction of loan provided last 12 months salary is verified from latest salary slips and Statement of Account in case of
service is less than 2 years. In such cases, an undertaking from the Employer to be obtained that salary a/c will not be transferred to other bank during the currency of the loan.
b. For other than salaried class: While ITRs and ABS (Wherever applicable) for the last 2 years of business/activity shall be taken and Assessment of loan/Repaying capacity be arrived at on the basis of income as
reported in the latest ITR. However, deviation regarding availability of ITRs/ABSs may be permitted by Circle Head/ COCAC & above subject to taking of minimum 1 year latest ITRs/ ABSs.
c. For business concerns (Corporate/Non-corporate): Minimum DSCR should be at least 1.50:1 and min 2 years ITRs and Balance Sheet to be obtained (Min 1 yr latest ITRs/ ABSs by CH/COCAC).
d. In case of persons engaged in allied agricultural activities and agriculturists, net income can be arrived at by sanctioning authority based on their land holding, cropping pattern, yield, etc.
16. CIC SCORE: a. As per extant guidelines, for loan amt of Rs 5 L & ab, score from two CICs are to be obtained. In such cases, the higher Score of the two CICs scores will be considered for applicable ROI.
b. In case where CIC score of applicant is having values (-1) or (0) i.e. no credit history, then rate applicable in bracket “CICs Score less than 700” will be considered.
c. If more than one applicants are there, average of CIC scores of the applicants (whose incomes are considered for eligibility) to be considered for pricing. In such cases, CIC score of applicant/s having values (-1) or (0)
i.e. no credit history should be excluded for average calculation.
d. In case of joint applicants, individual CIC score of all the applicants (whose scores are considered for average calculation) should be minimum 700 for getting better rate of Interest. If any of the joint applicant is having
CIC score less than 700, then rate applicable in bracket “CICs Score less than 700” will be considered.
17. Under tie-up arrangement with PSUs, corporates, institutions or in case of bulk business [minimum of 5 car borrowers from the same organization at one time (within a calendar quarter)]:---
CHs may relax terms and conditions relating to “Margin” (may reduce upto 10% of on-road price) and “Repayment period” (CHs and ab may relax repayment period further by 12 months from the existing 84 months in
case of new Cars.). Guarantee: Guarantee of spouse, if employed/earning, OR third party guarantee acceptable to bank. No guarantee required: If take home pay is more than Rs.30,000/ p.m. OR If there is no default in
repayment of EMI in home/personal loan for the past three months, if any, availed from PNB.
 RETAIL LENDING SCHEMES AT A GLANCE (AS ON 20.12.2019) (COMPILED BY R. C. JHA, CM, CO: PUNE)
Scheme Purpose & Eligibility, Extent of Loan, Repayment Period Margin, Security & ROI Other Imp. Guidelines
(RLLR= REPO+MARKUP = 5.15+2.65 = 7.80%) (1 YR.MCLR = 8.15%, w.e.f. 01.11.19)
18. 1. Purpose: For purchase of new Two wheelers--Scooter/Motor 5. Extent of 10. SERVICE CHARGES:
cycle/Scooterrete/Moped, (subject to Registration of vehicle with RTO). Loan: 7. Margin: - Upfront Fee: Rs.275 +GST (for students- NIL)
Two 2. Eligibility: Existing PNB customers with at least 6 M satisfactory record a) For super 10% (Salary through Bank/Check-off facility) - Documentation charges: Rs.275 + GST.
Wheeler OR new customer with satisfactory track record of last 01 yr with other bikes/hybrid 25% (Business Concerns)
Bank/FI in the age group of 18-60 years holding a valid DL/Salaried two wheeler 11. Maximum Deduction:
Loan- 8. ROI: Less than 3 yr*
Net Mly Salary/ Income Max. Ded. of NMS/I*
individuals drawing salary from our bank or under check off facility from (Engine
PNB the employer/Students of 18 yr & ab. with salaried parent as co-borrower capacity 200
Salary being disbursed RLLR+3.40% 11.20%
Up to Rs. 30000 40%
through PNB and /or
SARTHI drawing salary from our bank/Business concerns. CC & above) –
under check-off facility.
>Rs.30000- Rs.100000 50%
3. Income Criteria: Min Net Mly Income of Rs.10,000/- p.m.; Max Rs. 3 L. >Rs.100000 60%
Others including RLLR + 4.40% 12.20%
{-In case of students, Income/salary proof of parent/guardian who will be b) For all other * (Deductions: 10% extra by CH/COCAC)
business concern
co-borrower be considered; Two Wheeler
(RBDA: CIR - Income of spouse can be considered for determining the income criteria; Max Rs. 1.50 L. *0.50% TP for loan period 3 yr & ab. 12. Tie up arrangement: With only Honda
63/ - Income of business concerns be verified from Income Tax Returns filed (CH/COCAC & Motorcycle & Scooter India Ltd. (HMSI).
9. Security: - Hypothecation of vehicle.
01.11.19 – and challans for Tax Deposited.} ab: Loans of There is no payout package for two-
ANN-A) - Joint Registration & Ins of vehicle with Bank
4. Regularity of Income: 1. For all class of borrower(s): Latest salary slip, above Rs.3 L) wheeler financing under the tie-up
ITR (for the last 3 years) etc. be taken.
clause.
arrangement.
2. For Salaried class: Latest salary slip, Form16/ITR for the last 3 years be 6. Repayment - Third party guarantee: Required for loan ab.
taken, Assessment of Loan/ Repaying capacity be arrived at on the basis of Period: 25000/- (CH may waive the guarantee) 13. Loaning Powers: Sanctioning of these
latest salary slip. Where 3 years ITRs/Form 16 is not available, sanctioning For Scooters/M- [For Loan upto Rs. 25,000: No guarantee is loans backed by 100% liquid security in the
authority may consider sanction of loan provided last 12 months salary is Cycles– 60 required] shape of FDRs, NSCs, and KVPs etc. will be
verified either from salary slips/form 16 or Statement of Account. EMIs. -Sanctioning authority may waive the considered at all level of branches subject
3. For other than Salaried class: While ITRs & ABS (whatever applicable) For Scooterrete guarantee in the following circumstances:--- to ceiling of the amt in terms of the scheme
for the last 3 years of business/activity shall be taken. However, deviation – 30 EMIs. i) Liquid Collateral Security (FDRs, NSCs, LICs) and repayment capacity of the borrower.
regarding availability of ITRs/ABSs may be permitted by CH/COCAC & For Mopeds – having PV/SV of at least 60% of loan amount is These proposals shall be exempted from
above subject to taking of Min 2 years latest ITRs/ABSs. 24 EMIs. offered. application of PNB Score.
4. For business concerns (Corporate/ Non- corporate): Minimum DSCR ii) In case EM of IP is offered to the extent of
should be at least 1.50:1 and minimum 2 years ITRs & balance sheet to be 100% amount of the loan.
obtained,
19. 1. Purpose: For purchase of new Two- 3. Extent Of Loan: 6. Repayment 7. Margin: 10% of Ex show room price. 11. SERVICE CHARGES:
Two wheeler only to Women borrowers, subject Max Rs 60,000/- Period:-- 8. ROI: RLLR + 1.90% = 9.70% - Upfront fee: Rs. 500 +GST;
to Registration of vehicle with RTO. (CH & ab may sanction Max. 36 EMI 9. Security: -Hypothecation of vehicle. - Documentation Charge: NIL
Wheeler
2. Eligibility: Salaried with minimum 6 higher amt) -Joint Registration & Insurance of vehicle with 12. Proof of Income:
Loan to months service; Self-employed with {NACH/ECS
4.Min Net Monthly Bank clause. i) Latest 3 salary slips along with Form 16/ITR
Women experience of more than 1 year (Based upon mandate of previous yr in case of salaried borrower;
Income – -Suitable Guarantee acceptable to the sanctioning
borrowers- declaration/bank account/ITR etc.); Student and/or PDCs ii) ITR of previous yr in the case of self-
authority.
with their parents/guardian as co-borrowers; Rs. 8000/- p.m. for the period employed individuals;
PNB -In case of students, of loan shall
- Individuals should be in the age group of 10. SECURITY INSPECTION: First inspection at {Stipulation of obtaining ITR may be waived
POWER 18-65 years and should hold valid driving Income/salary proof be obtained.} the time of financing on PNB-551. off in cases where the income declared by the
RIDE license. In case of students, age of of parent/guardian For irregular & NPA A/C, inspection on borrower is less than the ceiling prescribed
parents/guardian is to be considered and in who will be co- quarterly or shorter intervals on PNB-551. under IT Act for filing mandatory ITR. Self-
that case driving license may be in the name borrower be Where the loan account is running Regular the Declaration in the form of Affidavit in case of
of Student/Parents/Guardian. considered. requirement of periodical Inspection, including non ITR.}
(RBDA: CIR
63/ - Having an account preferably in PNB or in 5.Max permissible obtaining of PNB 551, may be done away with.
01.11.19 – any Bank for more than 6 months. 13. INSURANCE: Undertaking from the
Deduction:
ANN-B) In case of students, Bank account may be in 11. Regularity of Income: Same as PNB SARTHI. borrower that he/she will take a
50% of NMS/NMI
the name of parents/guardian. (CH/COCAC & ab may comprehensive insurance policy with agreed
permit deductions of Bank clause & Copy of Insurance Policy shall
NMS/I max upto 60%.) be provided to bank.
 RETAIL LENDING SCHEMES AT A GLANCE (AS ON 20.12.2019) (COMPILED BY R. C. JHA, CM, CO: PUNE)
Scheme Purpose & Extent of Loan Repayment Margin, Security & ROI Other Imp. Guidelines
Eligibility Period (RLLR = REPO+MARKUP = 5.15+2.65 = 7.80%) (1 YR.MCLR-8.15%, w.e.f. 01.11.19)
1.Eligibility: 2. EXTENT OF LOAN: Min—Rs. 25000/- 3. 4. Margin: NIL 8. SERVICE CHARGES:
20. 5. Deductions: not to exceed 50% of NMS/NMI. - Upfront Fee- NIL.
Pensioners (Ex- Age of Repayment
Maximum Loan Amount 6. ROI: DL/TL/OD: RLLR+ 2.95% = 10.75% - Documentation charges – Rs 500/- +
employees of our Borrower Period:
PENSION 7. Security: taxes.
Bank & DPDO Age upto 18 times of net mly pension (Defence - Max. 60
LOAN: pensioners 70Yr Pensioners - 20 times) OR Max. Rs.10 - Guarantee of spouse eligible for family pension to be obtained. 9. Nature of Loan: DL/TL/OD on
Months.
included) Lac, whichever is lower. - Where loan is given to family pensioners, guarantee of earning monthly reducing DP basis. (As OD is
Ab. 70 yr 18 times of net mly pension (Defence
- For above
drawing pension children (Preferably Govt. Employee) to be taken. If no earning self-liquidating in nature, it should be
& upto Pensioners - 20 times) OR Max. 75 years
(RBDA:CIR through our children, TPG with net means of equal or more than loan preferred to other options).
75 yr Rs.7.50 Lac, whichever is lower. age: Max.
:65/ branches. amount, to be taken. - Scheme Code- TLPPL /DLPPL.
01.11.19) Ab. 75 yr 12 times of net mly pension OR Max. 24 M. - Interest Table Code: PTPEL
Rs. 5.00 Lac, whichever is lower.

1. Eligibility: 2. Amt of Loan & Min Net Mly Income: 3. Margin: NIL 9. SERVICE CHARGES:
21. A) Min Amt of Loan will be Rs. 50000/- and max amt of loan Rs. 4. ROI: (i) For Loans up to Rs.10 L: For individuals, whose salary -Upfront Fee: 1.80% + taxes.
Permanent/
Confirmed 4 Lacs or 20 times mly net salary whichever is lower depending is being disbursed through our branches only (including Defence -Documentation charges:
upon the repaying capacity subject to minimum Net mly salary: Personnel): RLLR+3.70%= 11.50% upto Rs.2 L – Rs.270/- and
PERSO employees of
Metro Centres & Urban Centres: Rs.20000/-, Semi-Urban/Rural (ii) Loans above Rs.5 lac and upto Rs.10 lac For other over Rs.2 L – Rs. 450/- + taxes.
Defense/ Central/ {For Defense Personnel Both charges: NIL}
NAL State/ PSUs/ Centres: Rs.15000/- And categories, i.e., applicants not having salary a/cs with our Bank
10. Irrevocable letter of authority
Reputed Rs. 5 Lacs or 20 times mly net salary whichever is lower for irrespective of Check-off facility. (Field functionaries are not
LOAN: Companies/ those Salaried persons having completed service of 3 yr in the empowered to sanction these cases.): RLLR+4.70 % = 12.50%
authorizing the employer to remit salary-
cum-letter of acknowledgement from
Schools/ present organization & drawing net mly salary of not less than (iii) Loans up to Rs.5 lac: For Individuals who are availing the employer to be taken.
Colleges/ Rs.30,000/- p.m. loan under check-off facility (including Defence Personnel): 11. Scheme Applicability: (Same for
(Doctors with [CH & ab may relax the minimum net monthly income criteria RLLR+5.70% = 13.50% Doctor scheme): All Branches are
FOR annual income of upto Rs.12500/- for metro centers and Rs. 10,000/- for urban (iv) For others up to Rs.5 L: RLLR+6.70%= 14.50% permitted to generate/Procure loan
PUBLIC/ centers and upto Rs.7500/- for rural/semi urban areas] 5. Security: Suitable third party guarantee acceptable to the Bank. applications for processing, sanctioning
Rs 4.00 L & ab)
i. For Teachers & Defence Personnel: The above stipulations will (CH may waive the guarantee) and for financing under the Scheme.
LIC -Individuals {However, disbursement and further
drawing salary be applicable to teachers & Defence personnel including officials For LIC Agents: i. Suitable TPG acceptable to the Bank and
AGENTS continuation of the account shall only be
of Military Station Headquarters, BSF, CRPF, CISF, Indo Tibet assignment of LIC policy of self, with sum assured equivalent to loan
thru’ our permitted at the branches having a
Border Police (ITBP), etc. whose salary is being credited and amount, OR ii. Tangible Coll Sec of the value of 100% of loan amt.
Bank/availing recovery rate of more than 90% and NPA
disbursed through our branches. 6. Repayment Period (including Defence Personnel):
loan under check- level is not more than 2% under the
ii. For LIC Agents: Minimum amount of loan will be Rs. 50000/- Max. 60 months or remaining period of service, whichever is earlier.
off facilities. Personal Loan segment as at the end of
(RBDA: LIC AGENTS: 60 EMIs or upto 65 years of age, whichever is earlier. previous financial year OR NPA level
- LIC agents aged and maximum amount of loan Rs.2.00 lac or equivalent to 15
64/ times of average monthly commission received during the more than 2% but upto 5% is
below 60 years 7. Maximum Deduction
01.11.19 concentrated in not more than 5%
with more than 5 preceding 12 months, whichever is lower. Net Monthly Salary/ Inc. Max. Ded. of NMS/I
Ann-1) account under Personal loan scheme as at
Yr of agency, iii. For LIC Agents: Renewable Average Commission (average of Up to Rs.30000 30%
the end of previous financial year.}
having regular the commission received during the preceding 12 M) must be at >Rs.30000- Rs.60000 40%
{Approval from CH is required in case of
and stable least Rs.10,000/- per month. >Rs.60000- Rs.100000 50%
branches for every block of 25 loans}
B) For Employees drawing Sal thr our bank: Loan amt has been >Rs.100000 60%
income and -Nature of Loan: TL/OD with reducing
increased up to Rs.10 L for those salaried persons who have Note: NMS/I of spouse be included where the spouse is confirmed/
maintaining SF permanent employee of Central/State Govt/PSUs and
DP. -Scheme Code: TLPDG & ODPER.
a/c with our completed minimum 3 yr of service in the present organization.
reputed*companies/Institutions including Schools, Colleges,
branch. For Loans above Rs.5 L & up to Rs.10 L, limit of Personal Loan Universities, Autonomous bodies, Hospitals, Nursing Homes. In such
be 15 times of monthly net salary or Rs.10 L whichever is lower cases, the spouse is to be made as co-borrower.
depending upon the repaying capacity with minimum Net 8. Regularity of Income: Latest salary slip, ITR (for the last two years)
monthly salary:-- Metro Centres : Rs.50000/-, Urban Centres : etc. be taken & perused. Where 2 years ITRs/Form 16 is not available on
Rs.40000/-, Semi- Urban/ Rural Centres : Rs.30000/- account of lesser service period, the sanctioning authority may consider
C) Where borrower's Place of Work and Place of Residence is at sanction of loan provided last 12 months salary is verified either from
different centers viz., any combination of two centres, the salary slips/form 16 or Stt of a/c.
In case of LIC agents - Proof of Income – Form 16/ IT Return for the last
higher of the above minimum net monthly income be taken
three years be obtained.
into consideration for loan purposes.
 RETAIL LENDING SCHEMES AT A GLANCE (AS ON 20.12.2019) (COMPILED BY R. C. JHA, CM, CO: PUNE)
Scheme Purpose & Eligibility Extent of Loan Repayment Period Margin, Security & ROI (RLLR=REPO+MARKUP=5.15+2.65=7.80%) Other Imp. Guidelines (1 YR.MCLR-8.15%, w.e.f. 01.11.19)
22. 1. Additional Benefit to Doctors: Under the Scheme, Professionally qualified practicing/serving Doctors will get following additional benefits vis-à-vis 10. Maximum Deduction
Personal existing Personal Loan scheme of the bank: i) Higher quantum of loan: Maximum Rs. 15.00 lakh against Rs.10.00 lakh. ii) Long repayment period: Net Monthly Salary/ Inc. Max. Ded. of NMS/I
Loan 7 years against 5 years. iii) 50% concession in Upfront & Documentation Charges. 0.90% against 1.80% of loan amount. iv) Lower rate of interest. Up to Rs.50000 40%
Scheme 2. ELIGIBILITY: i. Professionally qualified practicing/serving Doctors viz., MBBS, BDS & above having Net Annual Income/Salary of Rs.5 L & ab. Doctors >Rs.50000- Rs.100000 50%
To should be taxpayers for the last 02 years and the ITRs of the last 02 years duly receipted by ITO be kept on record. ii. Borrower should have a continued >Rs.100000 60%
Doctors: occupancy at current place of residence, of a minimum of 02 years. (Not applicable in Case of Doctors who are Employees of Govt./Institutions etc. Note: The NMS/I of spouse be included where the spouse
PNB 3. PURPOSE: For meeting expenses of professional/personal requirement. is either a Professionally qualified practicing Doctors viz.,
Doctor’S 4. Nature Of Loan: TL & OD with reducing DP basis. 5. MARGIN: NIL, 6. ROI: RLLR+2.15% = 9.95% MBBS, BDS & above or confirmed/ permanent employee of
Delight Central/State Govt./PSUs and reputed companies/
7. Amount Of Loan & Minimum Net Annual Salary/Income: Minimum amount of loan will be Rs. 2 L and maximum amount of loan Rs. 15 L or
Institutions including Schools, Colleges, Universities,
(RBDA: 20 times monthly net salary/income whichever is lower depending upon the repaying capacity subject to having Net Annual Income/Salary of Rs.5 L & ab.
64/ Autonomous bodies, Hospitals, Nursing Homes. In such
8. REPAYMENT: i. Term Loan: within remaining period of service or in maximum 84 EMIs. cases, the spouse is to be made as co-borrower.
01.11.19
ii. Overdraft: within a maximum period of 84 months by reducing DP equivalent to EMI amount at the beginning of every month. 11. Upfront Fee and Documentation Charges:
Ann-2)
iii. Repayment of the loan along with intt should not extend beyond the age of 65 years of borrower. CH & ab may relax upto the age of 70 years. Upfront Fee: 0.90% of loan amount + Taxes.
9. SECURITY: Suitable TPG acceptable to the Bank. CH & ab may waive obtaining of guarantee OR Tangible Collateral Sec of the value of 100% of loan amt. Documentation charges: Rs.450+ Taxes.
23. 1. Purpose & Eligibility: - Loan to Individuals/Business Enterprises. 5. Margin: i) 35%, if borrower opts for bullet repayment. 10. Valuation: The rate of 22 carat Gold for advance
- Adv. against the security of gold jewellery/ ornaments and Gold Coins. For productive/ Non- ii) 25%, if borrower opts to pay intt as and when levied. against Gold Jewellery/Ornaments and Gold Coins are
productive purposes, but not for speculative purposes. {LTV ratio not to exceed 75% of the value of security during being advised by HO: RBD on monthly basis based on
Gold - No loan against bullion, primary/ smuggled gold and against repledge of gold. the entire currency of loan.} average of the closing price of 22 carat Gold for
-Purpose & genuineness of the credit is to be ascertained and end use of funds to be ensured. 6. ROI: preceding 30 days OR the present price, whichever is
Loan lower, as quoted by the India Bullion and Jewellers
2. Extent of Loan: i) Productive purposes: Need based, without ceiling. Productive For agriculture RLLR + 1.75% = 9.55%
Scheme Purpose Others RLLR + 2.75% = 10.55% Association Ltd.
ii) Non-productive purposes: Max. Rs.10 Lacs.
-Valuation Charges: Rs.3/- per thousand maximum Rs.
(RBDA: 67/ 3. Repaying Capacity: Gold loans are to be sanctioned keeping in view the interest and
Non- Public/Staff RLLR + 2.75% = 10.55% 300/- (to be recovered from prospective borrower).
01.11.19, principal repaying capacity of the borrower i.e. the net monthly income (after deducting all
statutory and other dues/deductions/ repayments including repayment of interest on present Productive 11. Service Charges:
Ann-A&B) Purpose - Upfront Fee: 0.25% + taxes
Adv gold loan) of the borrower is sufficient to meet the monthly interest.
4. Repayment Period: The loan may be repaid by any of the following option:---- 7. Security: Gold jewellery, ornaments and Gold coins issued - Documentation charges: Rs. 250 +taxes.
against by any schedule bank/our bank. {Weight of the coin(s)
a) Loans for Agricultural Purposes: i. Interest required to be charged/recovered at yearly/half 12. Misc:
Gold yearly intervals coinciding with the harvesting of crops. However, the account to be adjusted does not exceed 50 grams per customer.} - Nature of Facility: DL/OD
Jewellery
within a maximum period of 12 months or as and when demanded. OD facility to be 8. Insurance: Banker's Indemnity Policy taken by HO: GSAD - CR not required for advance upto Rs. 10000/-, Above
/Orname renewed annually. ii. Repayment through Bullet Payment i.e. payment of interest and covers loss/damage to jewellery, pledged with the Bank, Rs. 10,000/- brief CR on PNB-905.
nts & principal at maturity. cash, etc. to a limited extent (presently Rs. 5 Crore). - Disbursement of the loan in the SF A/C of borrower.
Gold b) Loans for Non Agricultural Purposes (Productive & Non productive): 9. Verification By Shroff: Jewellery must be tested by and - The scheme to be handled outside the scope of RAPC
Coins} i. Regular servicing of interest as and when levied. Principal being repayable within 12 approved by shroff. The shroff should be those approved by model and exempted from application of PNB Score.
months or as and when demanded. OD facility to be renewed annually. the Government. (If not available, CH may approve).
ii. Repayment through Bullet Payment.
1. Eligibility: i. A person resident of India, being an individual in his capacity as individual 10. General Instructions:--
or on behalf of minor child, or jointly with another individual. 1. Pledge/lien on bond should be marked in the favour of bank, with the depository and confirmation held on record.
Adv ag 2. The SGBs should be held in demat form with the Depository Participant of NSDL only.
ii. Trust, HUF, Charitable Institutions and University.
Soverei 3. In case of advances against Sovereign Gold Bond standing in the name of minor, the procedure as laid down for
2. Nature of facility: DL/OD Advances against Bank's Own Deposits must be followed.
gn Gold 3. Quantum of loan: Minimum – Rs. 50000/- . Maximum - Rs.10 Lacs 4. Sovereign Gold Bonds are issued in the form of Government of India Stock and hence advance against Sovereign Gold
Bonds 4. Disbursement: In case of DL, by way of credit in the operative A/C of the borrower. Bond has been exempted from Credit Risk rating & extraction of Credit Information Report (CIR) from Credit Information
5. Repayment Period: Till the date of maturity i.e. Maximum 8 years or residual period Companies (CIC).
5. Interest will be charged on annual basis and will be serviced as and when levied. If the interest is not serviced, lien will
of the Gold Bond, whichever is earlier.
be invoked after one year from the interest demand date.
6. Margin: Individuals – 25%, Other than individuals – 40% 6. Branches to monitor the loan account periodically and ensure the adequacy of margin, so that at no time the amount
7. Security: Pledge/Lien on Sovereign Gold bond (in Dematerialized form only). o/s in the loan account along with the unrecovered interest accrued/debited exceeds the value of security. Loan to
8. ROI: Individuals:RLLR+1.15% =8.95%; Other than individuals: RLLR+ 2.15% i.e 9.95% Value ratio (75%) will be calculated and maintained on monthly basis based on the Gold rate published by HO: RBD.
9. Upfront Fee and Documentation Charges: NIL In case of any shortage, the borrower should be asked to deposit the same immediately.
 RETAIL LENDING SCHEMES AT A GLANCE (AS ON 20.12.2019)
Scheme Purpose & Eligibility
1) Eligibility: For Personal Needs:
24. Employees of Central/ State
Govt./Schools/Colleges/ PSUs/ Reputed
Mortga Corporates and Other IT Assesses, below
the age of 70 year.
ge of IP
For Business Enterprises: Existing
customers with a satisfactory track record
(TL/OD)
of 03 yr (cash profits during last 03 yr and
net profit in the immediately preceding
year) belonging to categories: Retail
(RBDA:
Traders/ Wholesale Traders, Professionals
59/
& Self-employed, Small Business
01.11.19)
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).
- New prospective borrowers and take-
over cases (except Trust, Society, Schools
& Educational Institutions) may be
considered who are in existence for min
last 03 yr or more 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.
- The criterion of minimum of last 3 years
of existence, cash profit for last 3 years
and net profit in the last year is not
applicable on Trust, Society, Schools &
Educational Institutions.
2) Income Criteria:
i) For salaried class: Min net monthly/
salary of Rs.25,000/- (previously-10000/-)
For other IT assesses: Min net annual
income of Rs. 3 L (previously -120000/-)
ii) For Business Enterprises: Minimum
Net annual income/ Net Profit of Rs. 3 L
and ab (previously -120000/- & ab).
Further, Intt and depreciation charges
will be added back for the purpose of
arriving at Net Income/profit.
iii) For Schools/Educational Institutes/
Society: The cash flows are satisfactory
and sufficient surplus is available for
repayment of loan along with intt/EMI.
iv) For Trusts: The activity undertaken by
the Trust is commercially viable, cash flow
is satisfactory and sufficient surplus is
available for repayment of loan along with
interest/ EMI.
(COMPILED BY R. C. JHA, CM, CO: PUNE)
Extent of Loan Repayment Period Margin, Security Other Imp. Guidelines
(RLLR= REPO+ MARKUP= 5.15 + 2.65 = 7.80%) (1 YR.MCLR-8.15%, w.e.f. 01.11.19)
4. Repayment Period: Loan amount 5. Margin: 25%; 7. SERVICE CHARGES:
3. Extent of Loan: together with interest to be repaid: 6. Security:EM of IP. A) For TL: Upfront Fee -
For Personal needs: Min 1 L, Max 25 L For Personal Needs: in maximum 120 [EM of non-encumbered - 0.90% of Loan Amt:
For Business needs: Min 5 L, Max 500 L EMIs OR up to the age of 70 Yr, residential House/Flat or Min Rs 5000+GST, Max.
-Income of spouse/earning children/ parents/ partners /Directors can be whichever is earlier. commercial or industrial Rs. 125000/- + GST.
added for assessing repaying capacity (made co-borrowers). But, if the For Business Needs: property (in the shape of (Existing: 0.90% of Loan
facility is being considered to Business enterprises (firm), individuals a. For Traders (Retail & Wholesale) -- in building/ Industrial Shed) self Amt, Max. Rs. 45000/-)
whose income is taken into consideration for monthly installment or for 144 EMIs. occupied or vacant.] B) For OD- Processing
servicing of interest (for determining loan amount) be made Guarantors. b. For Enterprises in Service Sector, -- Loan can also be sanctioned Fee – Rs.300 per Lac or
Professional & Self Employed,
- Regular income from all sources including Rental Income can be against the property: part, to be recovered on
Manufacturing concerns, Education yearly basis.
considere. • Standing in the name of Spouse
Institutions -- in 180 EMIs. and other near relatives, i.e., C) Documentation
- In case of Loan to Pvt. Ltd. Co., Income/salary of Directors will not be
Father, Mother, Brother, Sister, Charges:
added for limit calculation. - CH & ab may relax repayment up to
- Credit facility be allowed only to the applicant (s) having risk rating Children (major) of individual For Loan upto Rs. 25 L—
age of 75 years. (applicable in case of
score in ‘Investment Grade/‘B2’ in PNB Track or equivalent rating in borrower, proprietor of Max Rs. 2500+GST
Individual/sole-proprietorship concern)
‘PNB Score’ model. Proposals below the above rating shall be considered Note: Repayment period to be linked proprietorship concern, partner For Loan ab Rs. 25 L—
– at HO level. with Purpose/Activity of the borrower. of partnership firm, Karta of HUF, Max Rs.5000+GST
- Repaying capacity/assessment of loan, is to be calculated on the basis -TL/OD on monthly reducing DP. Promoter Director of the Pvt Ltd (Existing: Rs.1500/- +
of latest salary slips for salaried borrower(s) and on the basis of latest -Reducing to the extent of the principal Co. & Partner of LLP firm. GST.)
ITRs for other than salaried borrower(s). Further, regularity of component of the EMI calculated on full • Standing in the joint name of 8. Rural Area: In case
salary/income is to be ensured by taking 3 years ITRs/Form 16/BS [ABS sanctioned limit. individual borrower/ proprietor of loan against
wherever stipulated] (Whichever is applicable) for all borrower(s), i.e., -Renewed/reviewed annually. of proprietorship concern/ mortgage of Immovable
salaried & other than salaried. - Revised ‘Repayment Period’ will be partner of partnership firm / properties located in
-Wherever ‘Income of spouse/earning children/parents/partners is taken applicable only in case of: Fresh Partners of LLP firm/ Promoter Rural Areas, Circle
into consideration for assessment of limit and/ or repaying capacity; Sanctions and Renewal/ Director of the Private Limited Heads & above shall
Gross Income/Gross salary shall be considered for the purpose of Restoration/Enhancement of Existing Company) with their Spouse and approve the rural areas
having potential for
computation of assessment of limit and Net Income/Net salary of such Limit. other near relatives, i.e., Father,
Mother, Brother, Sister, major such advances.
specified individuals including the Net Income /Net salary of the main
Children (as the case may be).
borrower should be considered for assessing the repayment capacity.
9. ASSESSMENT OF LIMIT: i) Maximum75% of the Realizable Value of IP; ii) Maximum three times of Annual Gross Income /Gross Profit, whichever is lower (In case
of TL); Maximum Four times of Annual Gross Income/Gross Profit, whichever is lower (In case of OD). iii) Max. Permissible deduction of NMS/NMI/ ANPAT -
50/60/70% (as below); Whichever is the least of above 3.
10. Max. Permissible Deduction of NMS/NMI/ANPAT:
i) 50% - NMS/I upto 0.50 L OR ANPAT upto 5 L; ii) 60% -- NMS/I ab. 0.50 L & upto 1.25 L OR ANPAT ab. 5 L & upto 15 L; iii) 70% -- NMS/I ab. 1.25 L OR ANPAT ab. 15 L
11. a) NMS/I is equal to {Gross Salary/Income – Statutory Deductions such as Income Tax, Professional Tax, Other Tax Liabilities, PF etc.}
b) Annual Net Profit after Tax (ANPAT) will be arrived at after adding back depreciation and actual interest booked on all type of loans (TL, CC, OD etc.) excluding
unsecured loans taken from relatives, friends etc., as per verifiable source such as Profit & Loss (P&L)/ Income & Exp/Payment & Receipt etc., of the borrower(s).
c) All deductions for this purpose will include proposed mortgage loan installment, existing deductions (except statutory deductions), loan installments, actual interest
on term loans, notional interest on full sanctioned limit of CC, OD etc. and should not exceed the prescribed ceiling.
12.Revised Rate of Interest Based RLLR: 13. Concession in Rate of Interest:
PNB Trac/PNB Score Revised Rate of Interest (Irrespective of loan tenure) Available Realizable value of IP Concession in ROI
Above 200% & upto 250% of loan amount 0.25%
ROI for Overdraft ROI for Term Loan
A1 / > 80 RLLR +1.80% i.e 9.60% RLLR +1.90% i.e 9.70% Above 250% & upto 300% of loan amount 0.50%
Above 300% of loan amount 0.75%
A2 / > 70 < 80 RLLR +1.90% i.e 9.70% RLLR +2.40% i.e 10.20%
A3 / > 64 < 70 RLLR +2.15% i.e 9.95% RLLR +2.60% i.e 10.40% 14. Inspection of Property Mortgaged:---
A4 / > 58 < 64 RLLR +2.50% i.e 10.30% RLLR +2.90% i.e 10.70% a) Once every year for regular accounts;
B1 / > 52 < 58 RLLR +2.70% i.e 10.50% RLLR +3.15% i.e 10.95% b) Once every half year for irregular accounts; &
B2 / > 46 < 52 RLLR +3.15% i.e 10.95% RLLR +3.65% i.e 11.45% c) At least once in three months for NPA accounts.
B3 / > 40 <_ 46 RLLR +3.65% i.e 11.45% RLLR +4.15% i.e 11.95% The period of inspection will be January-December for regular a/cs and
B4 / > 35 < 40 RLLR +4.15% i.e 11.95% RLLR +4.65% i.e 12.45% January-June and July-December period for irregular and four calendar
C1 / > 25 < 35 RLLR +4.65% i.e 12.45% RLLR +5.15% i.e 12.95% quarters (Jan-Mar, Apr-June, July-Sept & Oct-December) for NPA a/cs.
C2 / > 25 RLLR +5.65% i.e 13.45% RLLR +6.20 i.e 14.00%
15. Loaning Power: S-I---NIL; S-II---10 L; S-III-- 40 L;
* Relaxation in spread on the basis of Risk rating /PNB score upto B1 / > 52 < 58.
S-IV--200L (OD-300 L); S-V & ab.-- 500 L
 RETAIL LENDING SCHEMES AT A GLANCE (AS ON 20.12.2019) (COMPILED BY R. C. JHA, CM, CO: PUNE)
Scheme Purpose & Eligibility Extent of Loan Repayment Period Margin, Security & ROI Other Imp. Guidelines
(RLLR= REPO+MARKUP=5.15+ 2.65 = 7.80%) (1 YR.MCLR-8.15%, w.e.f. 01.11.19)
1. Objective: To meet the financial needs 4. EXTENT OF LOAN: Max. Rs. 100 L 6. Repayment Period: 7. Margin: 20% 12. Residual life of the residential
25. of senior citizens owning self occupied (along with interest) to be paid monthly - Loan to be recovered property should be at least 20 years.
PNB property (house) for leading a decent life. on reverse annuity basis. Lump sum amt only after the death of 8. ROI: (Fixed, subject to re-set clause 13. Revaluation of IP:--The Bank shall
BAGHBAN 2. Purpose of Loan: For generating Max. 15 L permitted (at HO, RAD) for both the spouses. No of 5 years): RLLR+2.75% i.e 10.55% revalue the property once in five years
income/ supplementing pension/ other medical exigencies of the borrower, loan repayment during 9. Security: EM of Residential (at borrower’s cost) and reduce or
income for day to day requirements. spouse and dependents, if any. the lifetime of the Property. increase the loan or installment, at its
(A scheme 3. Eligibility: The residential house/flat Monthly payments to be allowed for a borrower. Where mortgage by deposit of title discretion, depending on the valuation.
for House owner, who is resident of India, of the period between 10 to 20 years depending - The loan shall deed is not possible, borrower/s 14. “Right of Rescission”: The customer/
has/have to go for creation of Regd.
Owning age of 60 yr & ab, is eligible to raise the upon the age of senior citizen borrower. become due and borrower will get 10 days’ time to decide
Mortgage.
Senior loan under this Scheme. In case of joint payable: 6 M whether to avail the loan facility or cancel
5. WILL: The residential house/flat should
Citizens account, one of the spouse must be of (moratorium period) 10. Loaning power: Same as term the transaction, after sanction of the
be in his/her single name or jointly with
under the age of 60 yr & ab, while the age of after death of last loan, taking into account the eligible loan, and get refund of the
his/her spouse. In case it is in the single
other spouse should be min 58 yr. surviving spouse. amt for calculating the monthly processing/upfront fee, already paid by
Reverse name of one individual, he/she should
- No income or credit requirements. - Borrower may prepay installments. him, in case he opts to cancel the
Mortgage give “will” in favour of the other spouse,
Concept) - Loan will be allowed only against self- who should be made co-borrower. In the principal amount 11. Safeguards: i) Borrower/s to provide transaction.
acquired & self-occupied residential case the spouse is not alive, he/she may together with documentary evidence that he/she is 15. SERVICE CHARGES:
property. In case of residential property, make “Will” in favour of his/her accumulated interest/ the only legal heir entitled to the - Upfront Fee – Half month’s Loan
which is ancestral and self-occupied, relative/s, who is/are otherwise his/her other charges, at any property and that the said property is Installment with Max. Rs.15,000/- +
(RBDA: powers are vested with CH. The legal heirs. The borrower will undertake time and repossess the self-occupied. taxes.
59/ residential house/flat should be in his/her that no fresh “will” shall be prepared property. ii) Borrower/s to provide legal proof like - Documentation/Inspection Charges –
01.11.19) single name or jointly with his/her during currency of loan. relinquishment/release deed, probate of NIL.
spouse. will etc.
16. Disbursement/tenor of loan: The loan shall be extended as regular fixed monthly payments calculated as per the chart given in the circular during the loan period or till the death of the last
surviving spouse, whichever is earlier.
- The tenor of loan shall be 15 years to 20 years for the age group of individuals between 60 and 70 years and 10 years to 15 years for the age group of individuals above 70 years OR till
survival of any of the spouse, whichever is earlier. In case of joint account, the minimum age of the other spouse for availing the loan under these two categories of tenors will be 58 and
68 years respectively. The term of loan can be extended at the end of the tenor at the sole discretion of the Bank, depending on the security cover available as per the realizable value of the
property. The maximum tenor of the loan, in any case, will not be more than 20 years.
- The Bank will credit loan instalments to his/her SF A/C. In case the loan is in the name of both the spouses, a SF account will be opened in their joint names for the purpose of crediting the
monthly instalments with the “either or survivor” clause.
26. 1) Eligibility: All Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) are eligible for loan under the Scheme.
2) Purpose:For acquisition/construction/repair/renovation/improvement of flat/house owned by NRIs/PIOs in India and for purchase of Plot. This flat/house, may be used for self-occupation/letting out.
3) Amount of Loan, ROI, Guarantee clause, Quantum/extent of loan, Margin, Insurance cover, Repayment, Age and Service charges shall be as per the Housing Loan Scheme for Public, applicable to
Housing
resident Indians.
Finance 4) Security:-- EM of the concerned property and, if necessary, lien on borrower’s other assets in India.
Scheme 5) Repayment:--- Within a period not exceeding 30 years (including moratorium period, if any), by remittances from abroad through normal banking channels or out of funds in his/her
For NRE/FCNR(B)/NRNR/NRO/NRSR account in India or out of rental income derived from renting out the property acquired by utilization of the loan. Close relatives of the borrower in India shall also be
NRI/PIOs allowed to repay such loans, interest and other charges through their Bank account directly to the borrower’s loan account with the authorized dealer/identified branch.
6) Disbursement:-- Loan should not be credited to NRE/FCNR(B)/NRNR account of the borrower. HL disbursement should be routed/monitored through NRO a/cs.
7) Rental Income:-- If the house/flat is rented out, the entire rental income, even it is more than the prescribed installment, should be adjusted towards repayment of the loan. If the rental income is less
(RBDA: than the prescribed installment, the borrower should remit the amount to the extent of shortfall from abroad or pay the difference out of his/her NRE/FCNR (B)/NRO/NRNR/NRSR account in India.
30/
20.07.19) 8) Processing:-- Proposals for Housing Loan to NRIs/PIOs, forwarded by our overseas offices, be processed/sanctioned centrally at RAPC, Gurudwara Road, Karol Bagh, New Delhi. Beyond the powers of
this RAPC, will be forwarded to Circle Office, Central Delhi, for consideration. Loan to be disbursed as per the convenience of the customer, at branches authorized to deal in foreign exchange or the
branches permitted by Circle Head. Maximum time frame: Three weeks.
9) Processing:--- Housing Loan proposals of NRIs/PIOs, received directly by the inland branches, will be processed/sanctioned at:---
I. All branches authorized to deal in foreign exchange (Category A & B). II. IBBs, III. All RAPC, IV. Category C branches not linked to RAPC permitted by CH. (Loans beyond their powers, by Circle Offices)
10) Branches may also consider granting loans where NRI/PIO is a principal borrower with resident close relative(s) (as defined in Section 6 of Companies Act 1956) as co-obligant/guarantor or where
the land is owned jointly by NRI/PIO borrower with resident close relative, subject to the condition mentioned as above. There will be no objection to loans being granted to residents with NRI/PIO as a
co-obligant.
 RETAIL LENDING SCHEMES AT A GLANCE (AS ON 20.12.2019) (COMPILED BY R. C. JHA, CM, CO: PUNE)
Scheme Important Guidelines (RLLR= REPO+MARKUP=5.15+ 2.65 = 7.80%) (1 YR.MCLR-8.15%, w.e.f. 01.11.19)
27. 1. To strengthen the Banks tie-up with Department of Post (DoP) & India Post Payment Bank (IPPB) and to tap quality business opportunity available, it has been decided that Customized Offerings under
Retail Lending Schemes, i.e Housing Loan, Car Loan & Personal Loan scheme, be framed for confirmed employees of IPPB & DoP. In view of the above, concession in ROI under Housing Loan and Car Loan
Retail along with customized offerings under Personal Loan Scheme has been offered to the confirmed employees of DoP & IPPB.
Loan 2. Concession in the Rate of Interest:--- i. Housing Finance Scheme for Public. ii. Scheme for Purchase of Car by Public.
Schemes Scheme Offered ROI to the Employees of DoP & IPPB Upfront & Doc Charges
HL Scheme NIL
for the Limit Up to Rs. 75 L Limit above Rs. 75 L
For Public
Employe Floating 1 Y MCLR + 0.10% 1 Y MCLR + 0.15%
Fixed Floating + 0.50% Floating + 0.50%
es of
Car Loan Floating - 1 Y MCLR + 0.50% irrespective of CICs Score. Fixed – 1 Y MCLR + 0.85%.
DoP & The loans sanctioned under the above arrangement will mandatorily be required to be covered under Credit Life Insurance.
IPPB 3. Personal Loan Scheme for Public/LIC agents:-- The parameters customized for Personal Loan Scheme for the employees of DoP & IPPB are as under:--
i. Nature of Loan: Term Loan; ii. Amount of Loan: Minimum –Rs. 10000/-; Maximum– Rs. 200000/- or 20 times monthly net salary whichever is lower depending upon the repaying capacity
(RBDA: subject to minimum Net monthly salary of Rs. 12000/- in all population segment. iii. Repayment: Maximum 48 months or remaining period of service, whichever is less;
37/ iv. Maximum Permissible deduction: 50% of Net Monthly Salary; v. ROI: 1 Year MCLR + 1.50%;
07.08.19) vi. Upfront Fee: 1% of loan amt. Min Rs. 400/-, Doc charges—Nil, Processing fee would be shared between PNB & IPPB to cover the processing cost in a 50:50 ratio.
vii. Security: No Third party guarantee. However, Loan to be covered by a Group Credit Life. Undertaking by IPPB & DoP for attachment of the terminal dues if loan is outstanding at the time of
superannuation of the employee. viii. PNB score will not be applicable. ix. All other T&C of “Personal Loan Scheme for Public/LIC agents” will remain unchanged.
1. The provisions of the Act- Real Estate (Regulation & Development) ACT (RERA), 2016 made essential for every promoter to get the subject project registered with the Real Estate Regulatory
28. Authority (RERA). Consequently, the bank before undertaking any exposure for project/unit need to ensure that all compliance be made on the part of the promoters/ developers so as to protect the
interest of the consumers in the Real Estate Sector. The Act also provides for establishment of an adjudication mechanism for speedy dispute redressal and also to establish an Appellate Tribunal to hear
Housing appeals on the decision/ orders of the Real Estate Regulatory Authority. The said Act, being a central legislation, is further to be adopted by the States and Union Territories. It is imperative that unless the
Finance subject project is registered with RERA and complied with its rules, no financing to the real estate be undertaken.
Scheme 2. Salient features of the Act are as under:---
i) Registration of the project:-- No promoter without registration with the RERA under the Act, shall advertise, market, book, sell or offer for sale or invite person to purchase any plot, apartment or
For building in any real estate project in any planning area. The projects which are on-going and for which the completion certificate has not been issued, are also required to be registered by the promoters
Public – within a period of 3 months. The Act empowers the RERA to enforce registration of the project even beyond the planning areas.
However, no registration of the Real Estate Project shall be required:---
RERA a) Where the area of the land proposed to be developed does not exceed 500 sq. mtrs. or the number of apartment proposed to be developed does not exceed 8 apartments. However, the Act
Guidelines empowers the Central Govt. to reduce the aforesaid threshold limits below 500 or 8 apartments. b) Where it relates to only renovation, repair or redevelopment.
ii) 70% of the amount realised for the Real Estate Project from the allottees shall be deposited in a separate account to be maintained in a scheduled bank to cover the cost of construction and the cost of
the land and shall be used for that purpose. The promoter shall withdraw the amount from such separate account in proportion to the percentage of the completion of the project. Such withdrawal from
(RBDA: 07/ the separate account shall be made after it is certified by an engineer, an architect and a chartered accountant that the withdrawal is in proportion to the percentage of the completion of the project. The
02.02.19) promoter’s account shall be audited within six months after the end of every financial year and the promoter shall produce a statement of account, duly certified, that the amount collected for a particular
project have been utilised for the project and withdrawal has been in compliance with the proportion to the percentage of completion of the project.
iii) Grant of Registration:-- On receipt of application for registration of the real estate project, the RERA shall within a period of 30 days, grant/reject registration.
iv) Cap of Advance:-- The Act provides that a promoter shall not accept a sum more than 10% of the cost of the apartment, plot or building as an advance payment or an application fee from a person
without entering into a written agreement for sale with such person.
v) Transfer of project:-- The promoter shall not transfer or assign his majority rights and liabilities in respect of a real estate project to a third party without obtaining prior written consent from the 2/3rd
allottees and without prior written approval of the authority.
vi) Return of amount and compensation:-- If the promoter fails to complete or is unable to give possession in accordance with the terms of agreement for sale, he shall be liable on demand to the
allottees to return the amount received by him with interest at such rates as may be prescribed under the Act. Where an allottee does not intend to withdraw from the project, the promoter shall pay
him interest for every month of delay till the handing over of the possession.
vii) Right and Duties of Allottees:--The allottee shall be entitled to obtain information relating to sanction plan, stage wise time schedule of completion of the project, possession of apartment, plot or
building and also possession of common areas, necessary documents and plan etc. All along, the allottee shall be responsible to make necessary payments in the manner and within the time as specified in
the said agreement for sale and to take physical possession of apartment, plot or building within a period of two months of the occupancy certificate issued for such apartment, plot or building.
viii) Filing of complaint with the authority: Any aggrieved person (including association of allottees or any voluntary consumer association) may file a complaint with the authority/ Adjudicating Authority.
ix) Recovery of interest/penalty/compensation:-- If a promoter or an allottee fails to pay any interest/penalty/compensation imposed upon him by the Adjudicating Officer or the Regulatory Authority or Appellate
Authority, it shall be recoverable from such person in such manner as may be prescribed as an arrears of land revenue.
x) Punishment for non registration:-- A promoter who fails to get his project registered with the RERA within a time prescribed i.e. 3 months from the commencement of the Act, shall be punishable to a penalty
which may extend upto 10% of the estimated cost of the real estate project as determined by the authority. If he does not comply with the order or continues to violate the provisions of Sec. 3 requiring registration
of the project, he shall be punishable with imprisonment for a term which may extend upto three years or with fine which may extend upto a further 10% of the estimated cost of the real estate project or with both.
xi) Bar of Jurisdiction of Civil Courts:-- No civil court shall have jurisdiction to entertain any suit or proceedings in respect of any matter which the authority, adjudicating officer or appellate tribunal is empowered by
or under this Act to determine and no injunction shall be granted by any court or other authority in respect of any action taken or to be taken in pursuance of any powers conferred by or under this Act.
 RETAIL LENDING SCHEMES AT A GLANCE (AS ON 20.12.2019) (COMPILED BY R. C. JHA, CM, CO: PUNE)
Scheme Important Guidelines
29. 1. Under the Mission “PARIVARTAN” for Improving Asset Quality, Increasing Credit under Retail, Improving Turn Around Time and bringing Retail Business on Digital Lines, it has been
decided to provide an on-line portal to branches headed by officers upto scale III for uploading loan documents under Retail Lending Schemes and getting the same vetted by RAPC/ CO
Online before disbursement of loan. It is facilitation but not a substitution of the responsibility of the sanctioning authority. The web portal titled as “e-VeDA” (Electronic Verification of
Vetting of Document and Approval) is developed by HO: ITD.
Loan 2. Vetting of loan documents is to be done in the following retail lending schemes: i) Housing Finance Scheme for Public (All variants). ii) Overdraft facility to existing housing loan
Documents borrowers for personal needs. iii) Education Loan (All Variants), iv) Scheme for Financing purchase of Car by Public, v) Scheme for finance against Immovable Property (ODIP) - PNB
by BAGHBAN, vi) Personal Loan scheme for Public.
RAPC/CO 3. The loan against bank deposits, government securities and gold jewellery/ornaments and gold coins (due to availability of liquid security) & personal loan to pensioners are excluded
for from the scope of vetting.
4. For all the circle offices having RAPC(s), loan documents of independent branches headed by officers upto scale III will be vetted/approved by RAPC Heads.
Branches
For other circles not having RAPC loan documents will be vetted by the designated Scale IV officer at circle offices.
headed by
5. All the independent branches upto Scale III (not attached with RAPCs) will sanction all the retail loans within their vested powers. The LGBs (Branches attached with RAPCs) will sanction
Officers retail loans (other than the loans being sanctioned by RAPC) within their vested powers. Both independent branches and LGBs will upload the documents for vetting pertaining to loans
Upto sanctioned under their vested loaning powers through e-VeDA portal.
Scale III 6. The scope of the portal is for vetting of loan documents at post- sanction and pre-disbursement stage. RAPC/CO user will visit e-VeDA portal and will scrutinize the complete set of loan
documents to ensure that proper pre-sanction appraisal has been done, documents/ papers are properly analyzed and no required document is missing.
(RBDA:
58/01.11.19) 7. Personal corporate e-mail ID is mandatory for E-VeDA portal user creation.
8. By Circle Office:-- Prompt creation of user id and password of all the BO/RAPC users for Bureau One, CERSAI, CPTS, LAPS, PNB Score and e-VeDA portals.
9. All the documents received by the RAPC/CO are to be approved within 24 hours subject to a maximum of 48 hours in exceptional cases.
30. 1. INTRODUCTION: PNB CLAPS (Centralised Loan Appraisal and Processing 3. Following Retail loan schemes will be processed in CLAPS w.e.f. 16.04.2019:--
Centralize System) is a new In-House web based application to appraise and process i) HL (Including Variants – PNB Gen Next, PNB Max Saver, PNB Flexible Housing, OD to existing Housing Loan
d Loan the retail loan applications received by the bank. It is independent and borrowers); ii) PMAL (All Variants – EWS, LIG, MIG); iii) Car Loan;
Appraisal responsive browser and can support all available browsers like Chrome and iv) Two-Wheeler Loan (Sarthi and Power Ride);
And Internet Explorer. PNB CLAPS is an initiative taken by HO: RBD to prepare v) Personal loan Scheme for Public (Including variants for LIC agents & PNB Doctor’s Delight);
Processing the software in user friendly manner keeping in view the extant guidelines vi) Personal Loan Scheme for Pensioners;
System of retail loan schemes. The tool takes care of eligibility, loan amount vii) Scheme for Finance against Mortgage of Immovable Property.
(CLAPS– calculation, integration of PNB score, appraisal, decision, documentation
RETAIL) and account opening in CBS. 4. Detail of URL address of CLAPS: URL for Home page to PNB CLAPS is https://10.192.18.33/CLAPS
2. All Retail Lending schemes (Except Education Loans, PNB Baghban, (This URL address not to be added in compatibility view setting)
RBDA: 18/
Advance against Gold Jewellery/Gold Coins/Sovereign Gold Bond & EMD) - CLAPS link is also available on Non CBS page --→RBD ---→ CLAPS
16.04.19
are processed through CLAPS w.e.f. 16.04.2019. Processing of Education - For better performance of CLAPS, it is advised to use Google Chrome 66 and above version or Internet
loans will continue to be processed through existing Lending Automation Explorer preferably Version 11. Updated Chrome Version may be downloaded from CLAPS Login Page.
Processing System (LAPS) tool available in intranet with- URL
10.192.18.153/LAPS
31. Vidya Lakshmi Portal (VLP) an Electronic Platform to apply for Education Loan:----
Vidya 1. Based on the recommendations of the IBA Working Group on Education Loan Scheme, NSDL e-governance has developed the portal, named as “Vidya Lakshmi Electronic Platform”.
Lakshmi 2. The application lodged by the students are downloaded by the bank and processed by them. After the application is processed, the status is to be uploaded by the Bank on the Portal.
Portal 3. Role of Bank: The education loan applications lodged on the portal are stored in the respective Bank’s Folder on the Portal. The bank downloads the application alongwith documents and
forwards it to the Preferred Branch identified by the applicant for processing and disposal. The applications will be forwarded to the preferred branch at branch’s Email ids with an
(VLP)
endorsement to respective Circle Office. Presently, the user id on the Portal has been allotted to Retail Assets Division, HO.
(RBDA: 4. All the fresh education loan proposals from 01.02.2018 onwards should compulsorily be routed through Vidya Lakshmi Portal.
05/19.01.16; 5. Branches are required to focus on maximizing coverage of girl students in consonance with the priority of the Government of “Beti Bachao Beti Padhao”.
34/08.05.17;
26/06.04.18) 6. All education loan applications received at branches physically (other than received on line through VLP) are to be first entered in VLP Portal (www.vidyalakshmi.co.in) by the student. If,
due to lack of access to internet facility, any application is received in physical form, the same should be uploaded on VLP immediately after sanction by the bank. Further, all education loan
application sanctioned w.e.f. 01.02.2018 may be uploaded in VLP Portal immediately.
7. An enrolment charge of Rs. 100/- (excluding GST) is to be borne by the students whose application has been sanctioned after invoice is raised by NSDL.
 RETAIL LENDING SCHEMES AT A GLANCE (AS ON 20.12.2019) (COMPILED BY R. C. JHA, CM, CO: PUNE)
Scheme Important Guidelines
32. 1. BACKGROUND: Presently Online Loan Application System for Housing, Vehicle & Personal Loan Scheme is hosted on the corporate website of the Bank (www.pnbindia.in). The Online Loan
Application System has been revamped and integrated with the PNB Score & CIR from credit rating agencies. Facility of uploading the scanned copy of documents required for sanction of loans by the
applicant has also been made available.
Online 2. Salient features:--
Loan i. A hyperlink ‘Apply on line for loans’ has been placed at Bank’s corporate website www.pnbindia.in.
Application ii. The allotment of circle will be on the basis of the branch opted for disbursement by the applicant.
iii. Acknowledgement of `Online Application’ along with in-principal sanction shall be issued to the applicant by the system instantly.
System iv. Applicants have been provided with the facility to upload the relevant documents i.e KYC document, Income Proof, etc.
For 3. The Roles and Responsibilities of Zonal Office, Circle Office & Branches:---
Housing, A. Zonal Office:--
i. ZO to login into the portal at least twice a day, First at 11 am and second at 04 pm to ensure that no leads received by the Circles under their jurisdiction remain unattended for more than 48 hours.
Vehicle & ii. HO will follow-up with the Zones to ensure that all the leads are attended within 48 hours of receipt of lead.
Personal B. Circle Office:--
Loan i. COs to login the portal at least twice a day, First at 11 am and second at 04 pm to ensure that no leads received by the branch under their jurisdiction remain unattended for more than 48 hours.
C. Branches:--
Schemes i. All branches are required to login the portal at least twice a day First at 11 am and second at 04 pm to ensure that no leads received by the branch remain unattended for more than 48 hours.
ii. To contact the applicant through sending email/Fax/phone for further processing of the case under copy to Circle Office.
RBDA: 23/ iii. To update the status of each application on daily basis i.e. approved/declined/under process.
06.06.19 5.The Online Loan Application Monitoring application is accessible through URL: https://10.192.11.98/OnlineBackOffice/login.jsp
6. Accessibility:--- A link “Online Loan Application” for Housing, Personal and Car Loan is accessible through URL: https://www.pnbnet.org.in/ONLINELOAN/.

33. 1. Now, it has been decided to onboard the Retail Loan Products in the Online PSB Loans Portal. In the said process initially Housing Loan & Personal Loan Product has been created in the Portal. The
portal will convey ‘in principal’ approval for Retail loans under the above two schemes to the applicant. Complete Pre-Sanction appraisal to be carried out, before regular/final sanction.
Contactless 2. The portal integrates advances financial technology (Fin Tech) to ensure seamless loan approval. The process is under taken without human intervention and maximum data is fetched from
Loan To various portals. The portal will do various back end checks available at various portals for fraud and data available in bureau portal.
3. The platform has two main components: i) Borrower: Retail Loan Borrower, ii) Lenders: Bank’s & financial institutions.
The Retail
4. Work flow of borrower applicant:-- The applicant borrower to visit the portal through www.psbloansin59minutes.com or through PNB specific URL i.e. www.psbloansin59minutes.com/pnb.
Loans
The applicant borrower can also reach the portal through PNB’s web page www.pnbindia.in.
Borrower 5. Work flow of Bank:--
Through i. Branches to visit the portal through www.psbloansin59minutes.com. The product creation of the bank has been done at HO Level. However, the monitoring of loan application submitted by the
Online applicant till its sanction is to be done by branches.
Portal ii. The Zone, Circle and Branch level staff to login with the same users available with them to view MSME Loan applications received by the bank through market URL or PNB specific URL. Branches
“PSBLoansin5 to download the application for pre sanction processing.
9minutes” iii. The branches will get complete data on real time basis from the portal in the following formats, which will be used for processing the loan proposal by the branch official, while considering the
same, as per extant guidelines:--- a. Customer profile, including co-borrower’s profile. b. Financial for the last three years (ITR). c. Risk score assessed through model, inbuilt in the portal.
d. Analysis of bank’s statement of the applicant for last six months. e. Loan eligibility amount/Assessment of limit. f. Provident fund check of applicant, if applicable.
(RBDA:
g. CIBIL and other bureau data of the applicant. h. ‘Hunter analysis’ (Back end checks for multiple fraud, bureau checks, MCA site checks and bank’s product policy checks.)
43/
31.08.19) 6. The portal platform has three phases:---
Phase Portal platform Division Journey/Work to be executed by
Phase I Filing of application on portal by the applicant borrower. Retail Loan borrower/applicant
Phase II Processing of in-principle approved application online through portal by the lender. Banks/Lenders
Phase III Marking of final disposal of loan application by the lender. Banks/Lenders
As of now, our bank has opted for Phase I and Phase III only. So all our communications relate to Phase-I and Phase-III only.
7. Different URLs of The Platform and its uses:--The platform has three main URLs:-- www.psbloansin59minutes.com, www.psbloansin59minutes.com/pnb, www.psbloansin59minutes.com/sidbi
8. Once the users at HO are created, the user can login to the portal with two options as under:---
Option Mode of Login User ID Password
I Email ID Registered email ID of the user Default password ‘123456’ and then the user is to change the password.
II Mobile No. Registered Mobile No. of the user Instant ‘OTP’ received on mobile
 RETAIL LENDING SCHEMES AT A GLANCE (AS ON 20.12.2019)
Scheme
34. 1. Fixation of Monthly EMI: EMI be fixed in such a manner that the
due date of 1st installment falls due on the same date on which 1st
Monitor disbursement has been made.
2. End Use Verification: On disbursement of loan, verification/
ing of Inspection of securities be done immediately.
Loan 3. Recovery of EMIs: For effecting timely and regular recovery, it be
A/Cs ensured as under:
Under i) At location where NACH (Debit) is available -- Recovery/repayment
of EMIs in all Retail Loan accounts be considered only through NACH
Retail (Debit) mandate of the customers for debiting their accounts.
Lending ii) At location where NACH (Debit) is not available – Recovery/
Schemes repayment of EMIs in all Retail Loan accounts be considered through
PDCs/Standing Instruction.
4. SMS ALERTS shall be used as one of the measures of escalation for
the purpose of monitoring of recovery in retail loans.
(RBDA: 5. Recovery in Loans: To maintain better quality of the loan portfolio,
08/ timely recovery of bank’s dues is crucial.
18.02.19) 6. Monitoring of Special Mention Assets (SMA): Monitoring of
accounts under SMA will be done on daily basis by pulling the data
from CBS system and immediate steps shall be initiated for
regularization of such accounts.
7. Periodic actions: Maintenance of due date diary for monthly EMI,
Periodical checking of security, Renewal of insurance and maintaining
its due date register, Verification of office/residential address,
Renewal of CRs, Maintenance of record of PDCs/NACH, BC letters,
Execution of SI, Charging of incidental/Inspection charges and penal
interest, etc.
8. Menu Options ‘HLADSP’: Loan Lien And Demand Satisfaction
Process-- For recovering EMIs. By invoking HLADSP lien can be
marked in the Operative A/c of the Customer to the extent of
‘Effective Available Balance’.
9. Menu Options ‘HLAODR’: For issuing system generated reminders.
10. Menu Options ‘LETGEN’: For recording of follow-up action in CBS.
11. Proper Track of Borrower/Guarantor: Incumbents to contact the
borrowers at regular intervals for updation of address, telephone/
mobile numbers, UIN, PAN Number and e-mail id, etc.,
35. Background: Borrowers under Retail Lending Schemes: Jan Suraksha
Scheme:--- During PSB Manthan in November, 2017, PSB reform
Jan agenda “Ease of Access Service Excellence” (EASE) was approved. In
Suraksha view of this it has been advised by the ministry for expansion in Micro- 2) Pradhan Mantri Jeevan Jyoti Bima Yojana [PMJJBY] - for life insurance cover.
insurance coverage by tagging with MSME, disbursements to cover
Scheme
borrowing individuals & employees of borrowing entities, under
Pradhan Mantri Suraksha Bima Yojana and Pradhan Mantri Jeevan
(RBDA:
19/ Jyoti Bima Yojana. The capital infusion by the Government is
15.03.18) dependent on PSB performance on these reforms themes.
36. Optional Group Insurance Life Cover to Borrowers -- Met Loan & Life Suraksha’ (MLLS):--- Bank has in place a scheme ‘Met Loan & Life Suraksha’ (MLLS) -- a PNB Met Life Product for extending Group Life
Met Loan Insurance Coverage for Housing Loan, Education Loan, Vehicle Loan and Personal loan borrowers of the Bank. The group insurance cover is an effective tool to safeguard the borrower’s family from the
& Life burden of repaying the loan outstanding and also to make these portfolios secured against the exigencies of the death of the borrowers during the tenor of loan.
Suraksha Now it has been decided to bring scheme of Finance Against Mortgage of Immovable Property under the ambit of optional Group insurance life cover. Salient features of the product is as under:---
(RBDA: 1. Policy Term: Minimum: 2 Yr for TL & 1 Yr for OD, Maximum: 30 Years;
100/ 2. Age at Entry: 18-65 Yr, Coverage Ceasing Age: 70 Yr;
05.11.18) 3. Sum Assured: Min—10000, Maximum—No Limit
(COMPILED BY R. C. JHA, CM, CO: PUNE)
Important Guidelines
12. Monitoring/ follow-up actions of Retail Loans:---
i) Monitoring to start 30/7 days before due date of EMI
- Follow-up for recovery to start 30/7 days before the due date of EMI through System generated SMS.
- In case of loan having moratorium period, the 1st SMS to be sent 30 days before the due date of EMI, followed by
2nd SMS 7 days before the due date of EMI and 3rd SMS 1 day before the due date of EMI.
- In case of education loan 1st SMS to be sent 30 days before the repayment start date.
ii) Follow – up Actions to be taken within the first 30 days of irregularity (i.e. between 1 – 30 days):
- On the due date i.e. 1st day, EMI be collected. (HLADSP be used, wherever required.)
- In case of non receipt of EMI on due date, a system generated SMS be sent on next day.
- In case of non receipt of EMI upto 3rd day from the due date of EMI, again a SMS be sent on 4th day.
- Borrower(s) be contacted telephonically between 8th- 9th day from the due date of EMI..
- If the irregularity is not rectified, borrower be contacted personally by branch official on 10th day.
- On 15th day, another telephonic contact with the borrower and first reminder be sent between 21st to 25th day.
- On the 30th day, 1st meeting of the borrower be held with Branch official and official of the Circle Office. If the borrower is not
available, the family members be contacted.
iii) Follow – up Actions to be taken between 31st days to – 60th day of irregularity:
- On the 33rd day 2nd reminder be sent to borrower with a copy to guarantor. Borrower(s) be contacted for the 3rd time over
telephone (3rd telephonic call) between 37th to 40th day from the date of default. Further, first telephonic call to guarantor and
Second reminder be issued with copy of the same endorsed to guarantor, wherever available.
- On the 45th day from the due date of EMI, 2nd Meeting of borrower with Branch official and 2nd man of CO.
- On the 55th day from the due date of EMI, 3rd Meeting of borrower with Branch official and 2nd man of CO.
iv) Follow – up Actions to be between 61st days to – 90th day of irregularity:
- If the account remains overdue for 60 days, a Registered Reminder be issued between 61st to 65th day of default/irregularity
and a copy be endorsed to guarantor(s), wherever available.
- In case EMI remains overdue upto 74th day, meeting of the borrower be held with Branch Incumbent and Circle Head on 75th
day, wherein he/she be explained the implications of non-rectification of default/irregularity
- Borrower(s)/ guarantor(s)/family members be contacted personally by Branch Head before the end of the 90th day from the
date of default.
v) Follow–up Actions to be taken consequent to account being classified as NPA A/cs):
- Asset classification norms for treating the account as NPA, be strictly adhered to.
- Follow up for recovery of Bank dues be made strictly in terms of extant guidelines.
13. Advances given to person engaged in agriculture & allied activities: For advances given to persons engaged in agriculture &
allied activities where repayment schedule has been fixed by sanctioning authority at half yearly/yearly intervals coinciding with
time of harvest, follow-up for recovery to start 3 days before the due date and the follow-up to be made on continuous basis till
recovery of Bank dues.
1) Pradhan Mantri Suraksha Bima Yojana [PMSBY] - for accidental death insurance. - The borrowers availing credit
- Accidental/Disability Insurance coverage up to Rs. 2 Lacs. under PMAY–EWS/LIG and
- Age: 18 Yrs to 70 Yrs. - Premium: Rs.12/- per annum. Education loan under PNB-
Kaushal be tapped on priority
- Bank account holders are eligible in age group of 18 to 50 Yrs. basis for availing the benefits of
- Cover upto Rs. 2 Lacs for death due to any reason. - Premium: Rs. 330/-- per annum. Security Schemes as the life risk
3) Atal Pension Yojana [APY] - Minimum guaranteed pension to citizens with a focus on un- is covered under PMJJBY and
organized sector. PMSBY at a nominal cost and
- Fixed Pension Yojana, - All Citizens are eligible, - Age: 18 Yrs to 40 Yrs regular pension is guaranteed
- Minimum fixed pension at the age of 60 years depending upon the contribution. under APY.
 RETAIL LENDING SCHEMES AT A GLANCE (AS ON 20.12.2019)
Scheme A) Empanelment of Builders/Developers and
their sales representatives as Marketing
Associates (MAs);
37. 1. Objective: In line with Direct Selling Agents (DSA)/
Marketing Agents engaged by many banks and
HFCs/NBFCs for generating the business from various
Empan touch points. Selection of housing loan provider is
influenced by the advice of the builder/developer and
elment their sales representatives and they pass on information
of about the prospective buyers to the banks/FIs for a
consideration.
MA/ 2. Empanelment of Marketing Associates (MAs): In
MC/ order to be in tune with the market and not to lose
business opportunities to our competitors, the
RLC builders/developers & their sales representatives be
empanelled as our Marketing Associates (MAs) for
promoting our Housing Loans.
3. Eligibility Criteria: Only Builders/Developers and their
Projects approved by the CH are eligible;
(RBDA: 4. Names of Center where Builders/Developers and their
75/ Sales representatives may be empanelled as MA:--
10.08.17) a) Major ‘A’ class cities with their Urban Agglomerations-
Delhi, Mumbai, Chennai, Kolkata, Hyderabad,
Ahmedabad, Bangalore.
b) All State Capitals with their Urban Agglomerations.
c) Other 43 centers with their Urban Agglomerations.
ZMs are permitted to add/delete the names of Centers
within their Zones for empanelment of
builders/developers and their sale representatives as
MA.
5. Service Charges to be paid to MA/MC/RLCs:---
i. 0.25% of the loan amt (inclusive of all taxes) for every lead forwarded to Bank which gets converted into business with a maximum of (MA—Rs. 100000/-, MC/RLC -- Rs 25,000/-) per lead.
ii. 50% of the service charges shall be paid after 1st disbursement and remaining 50% would be paid after making disbursement of 25% of housing loan amount sanctioned.
B) Empanelment of Honorably retired
employees & VRS optees of our Bank as
Marketing Consultants (MCs);
1. Objective: It is one of the initiatives in the marketing
front to increase our market share. Our all Honorable
retired employees/VRS optees irrespective of any cadre,
may be empanelled as Marketing Consultants (MCs) for
sourcing Home Loan applications.
2. Empanelment of Marketing Consultants (MCs):
Marketing Consultants shall be empanelled by the
concerned ZM on the recommendation of concerned CH.
3. Eligibility Criteria:
(i) All Honorably Retired/VRS opted Employees
(Irrespective of cadre);
(ii) No adverse feature is observed in the latest CIR drawn
from CIBIL and Equifax;
(iii) No case should be pending in CBI or before any Court
of Law;
(iv) Should preferably be a local resident of the area with
fluency in local dialect;
(v) Retired staff already empanelled as Recovery Agent
by PNB may be empanelled as MCs;
(vi) Should not be working as business sourcing agent
for any other bank/financial institutions for sourcing of
home loan leads;
- MC with sufficient means/resources/field experience
will be considered for empanelment.
- Application for empanelment would be received only at
Circle office concerned.
4. Names of Centre where MCs may be appointed:
On PAN India basis.
(COMPILED BY R. C. JHA, CM, CO: PUNE)
C) Empanelment of Insurance/NSCs Agents, Govt. Approved
Valuer/CAs/Tax Consultants, Real Estate Brokers etc., as Retail Loan
Counselors (RLCs):
1. Objective: Focus of the bank in the matter of dispensation of credit is on Retail and in order
to catch the lead from various touch points, a policy, to empanel the Insurance Agents/NSCs
Agents, Govt. Approved Valuer/CAs/Tax Consultants, Real Estate Brokers etc., as RLCs in line
with the DSAs empanelled by peer Public and Private Sector Banks, is framed.
2. Empanelment of Retail Loan Counselors (RLCs): RLCs shall be empanelled by the concerned
ZM on the recommendations of concerned CH. For empanelment of Insurance Agents/NSCs
Agents, Govt. Approved Valuer/CAs/Tax Consultants, Real Estate Brokers etc as PNB’s RLCs,
ZOs shall issue a notice inviting interested Insurance Agents/NSCs Agents, Govt. Approved
Valuer/CAs/Tax Consultants, Real Estate Brokers etc for empanelment as RLC.
3. Eligibility Criteria:
• Any Individual/entity working as Insurance Agents/ NSCs agent, Govt. Approved
Valuer/CAs/Tax Consultants, Real Estate Brokers etc are eligible.
• Age above 18 years, • Should have phone facility.
• Should be local resident/office and able to communicate effectively in local language.
• Should operate from his place. Bank will not provide any office/desk/infrastructure;
• Minimum qualification: Higher Secondary (HSC)/Sr. Secondary.
• His commitment, diligence and integrity should have been excellent during his service.
• No case of CBI or other law enforcement agencies should not be pending against him/her.
- RLC with sufficient means/resources/field experience will be considered for empanelment.
- Application for empanelment would be received only at Circle office concerned.
-The CH shall recommend the name(s) of eligible candidate to concerned ZM for empanelment
as RLC after obtaining Police verification reports of the antecedents of RLCs.
- RLC will provide security of Rs.50000/- by way of BG or FD (under Bank’s lien).
4. Names of Centre where RLCs may be appointed: On PAN India basis.

38. List of schemes which are reported under Retail Loan Segment has been amended as under: --
A) CORE RETAIL SCHEME:---
Classifica a) Housing Finance Scheme (public),
B) NON- CORE RETAIL SCHEME:---
tion of a) Advance against Bank Deposits,
b) Overdraft Facility to existing housing loan borrowers for personal needs,
b) Advance against Govt./Liquid Securities,
Advance c) Conveyance Loan (public) for car/ scooter/motor cycle/moped/bicycle,
c) Earnest Money Deposit Schemes.
under d) Education loan scheme,
Retail e) Personal loan scheme for public,
f) Personal loan scheme for Pensioners,
Segment
g) Advance against gold and jewellery/Sovereign Gold Bonds,
(RBDA:68/ h) Finance against mortgage of immovable property (having sanctioned limit upto Rs. 5 crore),
14.09.18) i) Reverse Mortgage loan scheme.
39. 1. Period of PNB Festival Bonanza Offer:-- From 30.09.2019 to 31.12.2019 for the loans sanctioned and account opened during the offer period and disbursed upto 31.01.2020.
2. Details of concessions/relaxations offered:---
PNB
Festival Name of the Scheme Concessions/ Relaxations during Festival Bonanza Offer-2019
Bonanza Housing Loan to Public
Full waiver of upfront/ processing fees and documentation charges
Offer – Car Loan to Public
2019. Finance against Mortgage of IP 50% waiver of upfront/ processing fees and documentation charges for loans sanctioned (TL/OD*)
*For OD - Waiver will be on charges applicable for first year only.
(RBDA:47/
25.09.19)