GIST OF

“RETAIL LENDING
SCHEMES”
(UPDATED AS ON 31.12.2022)

Compiled by
R C Jha
AGM, HO: CRMD
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 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
SR NAME OF ALL RETAIL LENDING SCHEMES CIRCULAR NO/DATE PAGE NO.
1 PNB HOME LOAN -- Home Loan Scheme for Public RAD: 61/06.06.2022 4-7
2 PNB Max Saver Housing Finance Scheme for Public RAD: 61/06.06.2022 8
3 PNB Gen Next Housing Finance Scheme for Public RAD: 61/06.06.2022 8
4 OD/TL to Housing Loan Borrowers for personal needs -- Top up loan RAD: 61/06.06.2022 9
5 PNB Flexible Housing Loan: Housing Finance scheme for Public -- OD option ---- (Scheme will be discontinued since 01.01.2023) RAD: 61/06.06.2022 10
6 PNB Home Loan Scheme for NRIs/OCIs RAD: 61/06.06.2022 11
7 PNB Home Loan - Composite Loan for purchase of Residential Plot and construction of a house thereon RAD: 61/06.06.2022 12
8 Financing of Solar Power Systems under Home Loan Scheme RAD: 61/06.06.2022 13
9 Miscellaneous Issues Related to PNB Home Loan RAD: 61/06.06.2022 14
10 Criteria for Approval of Private Builders/Developers and their Under-Construction Projects RAD: 61/06.06.2022 15
11 Housing Finance Scheme for Public: RERA Guidelines RAD: 61/06.06.2022 16-17
12 Policy for Empanelment of MA/MC/RLC RAD: 61/06.06.2022 18-19
13 Earnest Money Deposit (EMD) Scheme RAD: 75/11.07.2022 20
14 Housing for All - PMAY (CLSS - EWS & LIG) ----- (Scheme was applicable up to 31.03.2022) RAD:108/13.10.2021 21

15 PNB Saraswati - Education Loan Scheme for pursuing Higher Education in India (other than select premier institutes) RAD:62/09.06.2022 22
16 PNB Pratibha - Education loan scheme for students getting admission in Premier Institutes in India RAD:83/19.07.2022 23
17 PNB Udaan - Education Loan Scheme for pursuing Higher Education in Abroad RAD:62/09.06.2022 24
18 Common Guidelines to All Education Loan Schemes: 1. PNB-Saraswati, 2. PNB-Pratibha, 3. PNB-Udaan. RAD:62/09.06.2022 25-26
19 PNB Kaushal - Education Loan Scheme for Pursuing Skill Development Courses RAD:91/06.08.2022 28
20 PNB Honhaar -Education Loan Scheme for Pursuing Higher Education and Skill Development Courses In Delhi RAD:92/06.08.2022 29
21 PNB Pravasi Shiksha Loan - Education Loan Scheme for OCI/Overseas Citizenship by Birth for Higher Education in India RAD:93/06.08.2022 30
22 Launch of New Scheme: Education Loan Scheme for Pursuing Higher Education in India under PM Cares for Children Scheme RAD:109/22.09.2022 31
23 Central Scheme to provide Interest Subsidy (CSIS) on Education Loans to EWS students RAD: 54/24.05.2022 32
24 Dr. Ambedkar Central Sector Scheme of Interest Subsidy (ACSIS) --- OBCS & EBCS RAD: 51/04.05.2022 33
25 Padho Pardesh Scheme of Interest Subsidy on Education Loans for Overseas studies for Students of Minority ---- (Discontinued since 2022-23) RAD: 50/04.05.2022 34
26 Concessional Education Loans to Persons with Disabilities (PWDS) RAD: 52/27.04.2021 34
27 Credit Guarantee Fund Scheme for Education Loans (CGFSEL) RAD: 46/27.04.2022 35
28 Coverage of Education Loan A/Cs Under “Credit Guarantee Fund Scheme for Skill Development (CGFSSD)” – PNB KAUSHAL RAD: 45/27.04.2022 35
29 Vidya Lakshmi Portal (VLP): An Electronic Platform to Apply for Education Loan & VLP Charges RAD: 44/27.04.2022 36

30 PNB Car Loan RAD: 77/14.07.2022 37-39

31 PNB Insta Vehicle Loan Scheme for existing Home Loan Borrower RAD: 77/14.07.2022 40
32 PNB Combo Loan Scheme (Housing + Car Loan) RAD: 77/14.07.2022 40
33 PNB Green CAR (e-Vehicle) Loan RAD: 77/14.07.2022 41
34 PNB Car Loan: In-Built Car Loan Facility to Existing MSME/Corporate Borrowers RAD:106/12.09.2022 42
35 PNB Saarthi – Two-wheeler loan to public RAD: 94/06.08.2022 43
36 PNB Power Ride -- Two-wheeler loan to woman borrowers only RAD: 94/06.08.2022 44

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SR NAME OF RETAIL LENDING SCHEMES CIRCULAR NO/DATE PAGE NO.
37 PNB Aabhar Rin -- Personal Loan Scheme for Pensioners RAD: 84/19.07.2022 45
38 PNB Insta Loans - Digital Lending Pre-Approved Personal Loan (PAPL) to Pensioners Scheme RAD: 36/08.04.2022 46
39 PNB Sahyog Rin – Personal Loan Scheme for Public RAD: 63/20.06.2022 47-48
40 PNB Doctor’s Delight – Personal Loan Scheme for Doctors RAD: 63/20.06.2022 49
41 Personal Loan Scheme for Self-Employed RAD: 63/20.06.2022 50
42 Personal Loan Scheme for Life Insurance Corporation (LIC) Of India Employees RAD: 30/30.03.2022 51
43 Digital Lending: Pre-Approved Personal Loan (PAPL) to Existing Customer (Central Govt./State Govt./PSU Employees) RAD: 69/04.07.2022 52
44 New Variant-Digital Lending: Pre-Approved Personal Loan (PAPL) To: 1) Existing Car Loan, Home Loan & Personal Loan Borrowers; RAD: 118/04.07.2022 53-54
2) Existing PNB Customer on the basis of Quarterly Average Balance (QAB) & Transactional Relationship Value (TRV)
45 Personal Loan Schemes: Meeting Emergent Funds Requirement for Covid Related Medical Needs: RAD: 63/01.06.2021 55
(A) PNB Sahyog Rin Covid; (B) PNB Aabhar Rin Covid; (C) PNB Covid Suraksha

46 Advance against Gold Jewellery/Ornaments RAD:100/30.08.2022 56-57

47 Advance against Sovereign Gold Bonds RAD:100/30.08.2022 58

48 PNB myProperty Loan RAD: 87/28.07.2022 59-60

49 PNB Baghban -- A Scheme for House Owning Senior Citizens of India Under ‘Reverse Mortgage Concept’ RAD: 82/16.07.2022 61

50 Online Overdraft (e-OD) against Fixed Deposit RAD: 97/20.08.2022 62

51 Relaxations to Voluntary Retirement Scheme (VRS) optees of BSNL/MTNL Employees RAD: 06/30.01.2020 63
52 Met Loan & Life Suraksha RAD: 100/05.11.2018 63
RAD: 46/06.05.2020
53 Classification of Advance under Retail Segment RAD: 68/14.09.2018 63
54 Contactless Loan to The Retail Loans Borrower Through Online Portal “PSBLoansin59minutes”: Consolidated Guidelines RAD: 14/06.02.2021 64
55 PNB Pride: Housing & Car Loan Scheme: For Central/State Government Employee/Defence Personnel/Para Military Forces/Pensioners RAD: 08/16.01.2021 65
of Central & State Govt and Employees of PSUs
56 PNB Pride: RBD Module (Mobile Application & Web Portal): For Retail Loans Lead Generation Management Performance Monitoring RAD: 16/11.02.2021 65
RAD: 38/26.03.2021
57 Time Norms for Sanction of Retail Loan Proposals RAD:110/10.11.2020 65
58 Loaning & Discretionary Powers – Retail Lending RAD: 69/05.07.2021 66
59 PNB Home Loan – Mission Two Lacs Leads RAD: 41/18.04.2022 66

Disclaimer
The objective of this Booklet is to provide an Overview of “Gist of Retail Lending Schemes”. Contents of this Booklet shall not form the basis
of any reference and bank circular will be the only referral document. This booklet has been compiled with utmost care however some
ommissions can not be ruled out. The intent of compiling this booklet is to provide a support only to the field functionaries working at PLP
(RAM) & GBBs. It must not be construed as a substitute of any circulars/guidelines. In case of any doubts/confusion/queries, the referred
circulars of bank only will prevail.

Strictly Confidential :: For Internal Circulation Only

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 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
1. PNB HOME LOAN - CONSOLIDATED GUIDELINES
(RAD: 61/06.06.22, 68/04.07.22, 80/15.07.22, 81/16.07.22, 90/02.08.22, 95/10.08.22, 104/12.09.22, 108/13.09.22, 113/29.09.22, 114/30.09.22, 121/18.10.22)
1. ELIGIBILITY: 3. EXTENT OF LOAN: 6. Regularity of Income:
✓ Individuals or group of individuals i. For Construction/Additions/Purchase of House/Flat: Need based. A) For all class of borrower(s):
(co-borrowers) ii. For standalone purchase of Land/Plot for construction of House Building: ✓ The regularity of income of the borrower(s) over the entire span of loan
✓ Having an assured source of regular Maximum Rs.50 Lac. should be clearly established.
income viz. Salaried employees, a) AGM RAM/iRAM & CHCAC & above: Maximum Rs.100 Lac for Metro/State ✓ ITR of minimum 2 years etc. be taken & perused.
Pensioners, Professionals, Self Capitals. B) For Salaried class:
Employed persons, businessman, b) ZOCAC & above: Maximum upto Rs.300 Lac at all centers; ✓ Latest salary slip, Form16/ITR for the 2 years be taken.
farmers etc. Maximum upto Rs.500 Lac at state capitals & metro centers, only in cases ✓ Assessment of Loan/Repaying capacity be arrived at on the basis of latest
✓ Staff members are also eligible where land/plots are allotted by State Development authorities/State Housing salary slip and other regular income, i.e., dividends, interests, rent etc. as
under Public Scheme. Boards. declared in salary certificate, form 16 and/ or income tax returns.
2. PURPOSE: c) Loan amount for purchase of Land/Plot for construction of house building ✓ Where 2 years ITRs/Form 16 is not available on account of lesser service
i. For construction/purchase of under any circumstance is not more than 60% of the eligible Home loan period, the sanctioning authority may consider sanction of loan provided
house/flat; amount. last 12 months salary is verified either from salary slips/form 16 or
ii. For purchase of land/plot for iii. For Composite Loan: for plot purchase & construction thereon: Need based. Statement of Account. (Salary certificates must be independently verified
construction of house building. iv. For repairs/renovation/alterations: Maximum Rs.50 Lac. from HR Deptts. of the Co./concern).
iii. For carrying out Additions to the v. Cost of furnishing: Maximum upto 15% of Home Loan or Rs.50 Lakh ✓ However, CHCAC & above may consider loans to employees with lesser
house/ flat. whichever is lower, within the prescribed LTV ratio. period service/having no ITRs.
iv. For carrying out repairs/renovation/ vi. Cost of one-time credit life insurance cover premium, which is available to ✓ Form16/ITR is not to be insisted upon, in case the proposed borrower is a
alterations/cost of furnishing to the the Home Loan borrower(s) on Voluntary Basis, may be financed at the option confirmed/permanent employees/ pensioner of Central Govt./State
house/ flat. of the Home Loan borrower(s). The same shall be over & above the extent of Govt./PSUs/MNCs/Listed Companies at BSE or NSE (whose Shares are
v. For purchase of under construction loan, at prescribed margin, for which the customer is otherwise eligible and actively traded and quoted above par), maintain his salary/pension
house/flat from Housing Boards/ subject to maintenance of LTV ratio and repaying capacity of the customer. account with us, drawing salary/pension of an amount which does not
Development Authorities/Co-operative vii. Loan amount to be arrived at the cost of unit i.e Realizable Value or sale categorize under taxable income i.e presently, upto the threshold limit of
Societies/Private Builders. consideration value (in case sale transaction is not more than 1 year old) Rs. 2.50 Lakhs per annum and having his salary/pension account with our
vi. For meeting cost escalation in the whichever is lower. bank for the last 2 years.
cases of under-construction flats to viii. Cost of car parking to be included in project cost of house/flat. ✓ In case of Loan to Salaried individuals, a clause be incorporated in
existing Home Loan borrowers. ix. Loan on Pari Passu or Second Charge Basis: AGM RAM/iRAM, CHCAC & sanction letter that post retirement, EMIs/Instalments shall be reviewed
Note: above are empowered to consider requests only from confirmed employees of based on the cash flows and in case cash flows are inadequate, the
i. Under construction flats should be Central/State Govt/PSU for an amount of loan maximum upto Rs. 20 Lacs. customer undertakes to deposit the proceeds of terminal
financed preferably in the bank approved x. In respect of purchase of built-up/complete houses/flats from private dues/retirement benefits to the extent as required by the Bank so that
projects. builders, where valid mortgage is created, finance be permitted by the officers EMIs/Instalments are in line with eligibility criteria.
ii. If under-construction project of private at various levels as per their normal powers for sanction of term loan, across all C) For other than Salaried class:
builder is not approved by our bank on a centers. ✓ While ITRs & Balance Sheets for the last 2 years of business/activity shall
standalone basis, credentials of builders, 4. Max. Permissible Deduction: be taken to ascertain continuity of income, assessment of loan/repaying
Non-encumbrance certificate of Land GAS/I Max. Permissible Deduction of GAS/I capacity be arrived at on the basis of average income as reported in the
with chain of title deed & search report, Upto Rs. 5 Lacs 50% last 2 ITR.
all regulatory/statutory approvals such Above Rs. 5 Lacs upto Rs. 10 Lacs 60% ✓ However, deviation regarding availability of ITRs/ABSs may be permitted
as RERA and other equivalent authority Above Rs. 10 Lacs 70% by AGM RAM/iRAM, CHCAC & above subject to taking of minimum 1-
etc. should be checked. AGM RAM/iRAM, CHCAC & above, shall permit higher %age deduction of GAS/I year latest ITRs/ABSs.
iii. Cost of GST wherever applicable is to subject to Maximum 10% over & above the prescribed ceiling i.e. upto 60%, ✓ In case of persons engaged in allied agricultural activities and
be considered while arriving the cost of 70%, & 80% in the above brackets, respectively. agriculturists, net income can be arrived at by sanctioning authority
project. 5. Scheme Code: TLPHL based on their land holding, cropping pattern, yield etc.

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D) Co-borrower:
✓ The income of the spouse/earning children (whether
married or unmarried) and earning daughter in law
may be considered for determining the income for the
purpose of borrowers’ repaying capacity.
✓ The income of the joint owners (irrespective of
relationship with first borrower) of the property may
also be added for determining the repaying capacity. In
all such cases, they should be made co-borrower.
✓ Parents can also be made as co-borrower in cases
where the property is in the single name of Son/
Daughter or in the joint name of Son & Daughter and
also clubbing of their income be permitted for the
purpose of eligibility/repayment of loan.
✓ Parents (including Father-in-law and Mother-in-law)
can also be made as co-borrower in cases where
property is in the joint name of Son & Daughter-in-law
or Daughter & Son-in-law and clubbing of their income
can also be permitted for the purpose of
eligibility/repayment of loan with the prior approval of
the AGM RAM/iRAM, CHCAC & above.
E) Depreciation:
✓ In case of self-employed individuals, the gross income
may be arrived at by adding amount of depreciation to
the Net Profit amount and repaying capacity be
assessed accordingly.
F) Likely rental income:
✓ Likely rental income, if the property is to be let out,
may also be considered for determining the repaying
capacity, with a maximum cap of 25% of GAS/I or
actual rental income, whichever is less.
7. CIBIL CV SCORE: Minimum acceptable Credit Vision (CV)
score of CIBIL has been changed from 650 to 680. However,
powers for relaxation below 680 have been delegated as
under: ---
Sanctioning authority at field level (i.e. Branch/PLP) may
consider the Home Loan subject to fulfilment of all the
conditions mentioned below: ---
✓ The aggregate amount of default except credit card default
in regard to all the credit facilities provided by the other
banks/NBFCs should be less than ₹25,000/-.
✓ Default/irregularity should be at least 1 year prior to the
date of current application for Home Loan.
✓ Current CIBIL CV score of the borrower shall not be below
600.
If the above conditions are not fulfilled CHCAC & above may
consider the proposals in their vested loaning powers having
CV score below 680 but above 600 on merits of the case.
8. MARGIN: 9. RATE OF INTEREST:
Parameters Margin C) Under Floating Option: (RLLR+BSP = 9% since 08.12.2022)
For All purposes Home loan Upto Rs. 30 Lac 20%/10% #* LTV Ratio & CIC ScoreRevised Rate of Interest
except to Home Loan above Rs. 30 Lac 20% Loan Amount (w.e.f. 18.10.2022)
purchase of and Upto Rs. 75 Lac For loan above Rs. 30 Lacs800 & above RLLR+BSP-0.45%
Land/Plot for Home Loan above Rs. 75 Lac 25%/20% * LTV Ratio <= 80% (Presently: 8.55%)
house building on Irrespective of Loan PNB Pride RLLR+BSP-0.40%
standalone basis Amount 750-799 DO
Purchase of Land/Plot for House Building 25% 700-749 RLLR+BSP-0.25%
LTV Ratio<=80%
# Higher Rate of Intt on Card Rate will be charged in such cases. 600-699 RLLR+BSP+0.10%
* CIC Score of borrowers 700 & above or -1 & 0, valid upto 31.03.2023. Loan Amount upto 30 Lacs PNB Pride RLLR+BSP-0.30%
750 & above DO
✓ Charges e.g. stamp duty, registration charges and other LTV Ratio more than 80%
700-749 RLLR+BSP-0.15%
documentation charges, if any, paid by the borrower shall not be but upto 90%
600-699 RLLR+BSP+0.20%
considered towards margin money.
Applicable for Scheme Codes: TLPHL- Home Loan Public; TLNHL-
✓ However, Acquisition cost of plot acquired by the borrower from his
Home Loan NRI; HLGEN- PNB Gen-Next; TLPHA- PMAY, TLHCO-
own sources within 12 months to date of submission of proposal for Composite Loan
sanction of home loan for construction of house be considered towards
i) PNB PRIDE covers the permanent employees of Central, State
Margin Money. In such cases registered value or realizable value (RV)
Govt. Para Military personnel and Pensioners of Central & State
whichever is lower will be considered towards margin. (In case
Govt & Employees of PSUs.
plot/land is not considered towards margin, valuation of the same is
ii) No further concession in ROI available to the women borrower.
not mandatory).
ii) For loan amt of Rs. 10 Lacs & above, the higher CICs Score of the
✓ Further, with a view to encourage availability of affordable home to
2 CICs scores of the borrower will be considered for getting the
economically weaker sections (EWS) and low-income groups (LIG)
interest benefit.
borrowers, cost of stamp duty, registration and other documentation iii) If more than one applicant is there, average of CICs scores of
charges may be added to the cost of the house/dwelling unit for the the applicants (whose incomes are considered for eligibility), to be
purpose of calculating LTV ratio in cases where the cost of the considered for cut off score for pricing. In such cases, CICs score of
house/dwelling unit does not exceed Rs.10 Lac. applicant/s having (-1) or (0) to be excluded for average calculation.
9. RATE OF INTEREST: As per RAD: Cir No. 121 dtd 18.10.2022, The iv) In cases of joint applicants, individual CICs score of all the
revised ROI will be applicable w.e.f. 18.10.2022 on all fresh/takeover Home applicants (whose scores are considered for average calculation)
loans and are valid upto next review or 31.03.2023, whichever is earlier. should be minimum 700 for getting the interest benefit.
This Revised Rate of Interest shall be applicable to all the Home Loan leads v) In case where CIC score of applicant is having values (-1) or (0)
of Salaried or Non-Salaried Borrowers, received through Digital or Non- i.e. no credit history, then rate applicable in bracket “CIC Score of
Digital mode and also through MA/MC & RLCs or through any other Home 700 - 749” will be considered.
Loan lead sourcing partners. Accordingly, no concession on account of vi) In case of home loan under “Max Saver Scheme” (OD variant of
digital lead will now be applicable on all Home Loan variants. Home Loan), the additional Rate of Interest of 0.15% under each
A) Under Fixed Option: Discontinued, accordingly, no Home Loan will be slab will be applicable based on the Credit Score of the borrower/s.
sanctioned under fixed rate option hereinafter. vii) In case of Home loan under Commercial Real Estate (CRE) the
B) Rate of Interest for 3rd or subsequent House/Flat: applicable rate of interest will be 0.50% higher than the normal
✓ Every home loan sanctioned for 3rd or subsequent house/flat shall be rate of interest across all slabs.
viii) Existing Home loan Borrowers will also be eligible to switch
classified as Commercial Real Estate (CRE) and ROI will be applied
over (applicable only From Base Rate/MCLR to RLLR) to revised rate
accordingly.
of interest based on latest CIC score.
✓ In case of Non-CRE, normal rate of interest as applicable to 1st or 2nd ix) No loan to be sanction below CIBIL CV Score of 680. However,
house shall be charged. (CRE to be classified on the basis of number of powers for relaxation below 680 have been delegated, but not
house ownership irrespective of number of home loan availed) below 600 in line with peer banks.
✓ In case of CRE, as bank is required to maintain high capital charge and x) In case the plot/land is sold or account has been closed without
provisioning on standard loans 0.50% over & above the normal interest construction both within 5 years from date of first disbursement,
rate to be charged. rate of interest applicable to CRE with corresponding PNB Score
will be charged from the date of first disbursement of loan.
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10. SECURITY:
A) EM/RM of the property.
B) Where mortgage cannot be created immediately in situations like house/flat is being
purchased/allotted by the Housing Board, Development Authorities or Co-operative Society/Builder, and
title/conveyance deed is executed in favour of purchaser only after completion of construction &
possession/making full payment of the cost of house/flat, a stamped Tripartite Agreement be executed
amongst Housing Board/Development Authority/Co-operative Society/Builder, the intending borrower
and the Bank before release of the loan.
C) In situations where:
i) The mortgage by deposit of Title Deeds is not possible, the property being an Ancestral Property
(without Title Deeds) or Lal Dora Land; OR
ii) There is delay in execution/unwillingness/to execute a stamped Tripartite Agreement by Housing
Board/Development Authority/Co-operative Society/Builder; OR
iii) Financing at Noida/Greater Noida: In case of private builders in Noida/Greater Noida where the land
cost has not been fully paid to the concerned authority and where mortgage cannot be created
immediately: --
✓ Home loans shall be sanctioned in all such cases where the builder/their projects are approved by the
CHCAC & above.
✓ Further, power vested with the Segment Head/RAM Head in scale of SMG-IV & above/CHCAC & above
to sanction loan in cases of unapproved private builders on merit of individual case is not to be
exercised for financing home loans at Noida/Greater Noida, in cases of partly paid projects of
builders/developers.
✓ Further, besides entering into stamped tripartite agreement (TPA) with the builder and borrower,
suitable security/third party guarantee to be taken for the interim period, i.e., the period upto which
mortgage is not created. Net means of guarantor should be at least equal or more than the loan
amount.
✓ However, AGM-RAM/iRAM/CHCAC & above may waive security/third party guarantee in such cases on
merits of individual case.
✓ The sanctioning authority may accept EM/RM of some other property/pledge of Government security,
NSCs, KVPs, IVPs/PSU Bonds/bank's FDR/LIC Policies etc. The value of such security so obtained should
be equal to 125% of the loan amount.
D) Security Verification to be carried out once in 2 years for regular accounts and on half yearly basis in
case of NPA Accounts.
In case of two continuous defaults in repayment, inspection should be carried out immediately.
E) Extension of charge on property mortgaged in home loan for securing other credit facility(ies) after
maintaining 133% of LTV of outstanding Home Loan.
11. In case of Takeover:
a. In case of Home Loans takeover from other Banks/FIs, NEC/Legal Search Report & Valuation charges of
the property is to be borne by the Bank instead of customer.
b. The waiver of aforesaid charges shall be applicable only on takeover Home Loan accounts having
outstanding of Rs. 25 Lacs & above with minimum CIC Score of 700 & above of all the borrower(s)/ co-
borrower(s). c. The waiver of aforesaid charges shall be applicable upto 31.03.2023 on Home Loan
takeover sanctioned through PNB Lens.
d. The facility shall be applicable on the loan proposal/leads received directly to the bank or through
Digital modes.
e. The facility is not applicable on the leads received through MA/MC & RLC or through any other
marketplace such as Paisabazaar, Magicbricks or any other source where we are paying service charges for
sourcing of Home loan leads.
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12. REPAYMENT:
i) For Construction/Additions of House/Flat/Purchase of ready built house/flat: 30 years inclusive
of moratorium.
ii) For carrying out repairs/renovation/alterations to the house/flat: 15 years inclusive of
moratorium period.
iii) Repayment Holiday (Moratorium Period):
a. For Construction/Additions of House/Additional construction in Flat: Till completion of
construction (including additions) or 18 months, from the date of disbursement of first installment of
the loan, whichever is earlier. However, AGM RAM/iRAM and CHCAC & above may further relax the
moratorium period by 6 months.
b. For carrying out repairs/renovation/alterations to the house/flat: Till completion of
repairs/renovation/ alterations or 6 months, from the date of disbursement of first installment of the
loan, whichever is earlier. However, AGM RAM/iRAM and CHCAC & above may further relax the
moratorium period by 6 months.
c. For purchase of ready built House/flat OR land/plot: The repayment to start after the date of
possession or 3 months from the date of advance, whichever is earlier.
d. For under-construction flats/houses built by approved private builders:
Till possession is handed over to the purchaser (borrower); OR
Maximum 48 months or as declared in RERA by the Builder/Developer whichever is lower from the
date of disbursement of first installment of the loan; Whichever is earlier, subject to interest being
collected on monthly basis during the moratorium period.
iv) In case of loans to individual members of Group Housing Societies, the repayment shall start
from immediate subsequent month after the final disbursement of the loan.
v) Sanctioning authority may consider fixing the monthly installments on graduated basis, if there is
reasonable expectation of growth in the income in the coming years on specific request of borrower.
vi) Age: Repayment should not extend beyond the age of 70 years of borrower. In case loan is
allowed to joint owners, it should be ensured that at least one of the joint owners should be able to
repay the loan along with interest maximum upto the age of 70 years. AGM RAM/iRAM/CHCAC &
above may relax repayment period upto the age of 75 years.
a. Further, Incumbent/sanctioning authority of the Branch/RAM/iRAM may consider Repayment
Tenor according to age of co-borrower (who is not a co-owner) maximum upto his age of 70 year.
b. However, AGM-RAM/iRAM/CHCAC & above is empowered to consider repayment tenor according
to the age of co-borrower (who is not co-owner), maximum upto his/her age of 75 years.
vii) Effect of upward revision in interest rates on repayment: The borrower always has one of the
following options to exercise for repayment of loan: -
a) To pay increased amount of EMI;
b) To continue to pay the existing amount of EMI with condition that the balance outstanding in the
account would be paid in one go with last EMI;
c) To prolong the repayment period.
✓ In case no option is given by the borrower, the option of prolong the repayment period
appropriately be implemented.
✓ The above option is to be exercised at the time of sanction & execution of document.
✓ The borrower should invariably be intimated about the change in the interest rates, as and
when it takes pLace.
✓ Necessary changes in repayment period of loan also be made in the system every time any
change in interest rate is effected, so that account does not show any irregularity in regular
repayment of the loan, due to above adjustment/reschedulement.
viii) In case where borrower made a partial repayment of loan amount and request for re fixation of
EMIs, the same be re fixed at branch level and the same may not be treated as
rephasement/restructuring.
13. SERVICE CHARGES: (Exclusive of GST)
i) Upfront Fee & Documentation Charges: 0.35% of the loan amount,
Minimum- Rs. 2,500/-, Maximum- Rs. 15,000/-
ii) Takeover of Loan: Rs. 2,500/-
iii) Documentation Charges: Rs. 1350/- (Irrespective of amount)
iv) For Borrowers Covered under PNB Pride: Upfront/Processing fees: NIL, Documentation Charges:
NIL
v) Inspection Charges: Security Verification after creation of security to be carried out once in 2 year
and at least on half yearly basis in case of NPA Accounts: Rs.250/- + service tax.
14. Pre-Payment Charge: Loans Sanctioned Under Floating Rate of Interest: No Prepayment charges.
15. Expression of Interest (In Principle Sanction):
✓ The Provisional Sanction Letter is generated solely on the basis of information provided by the
prospective home loan borrower with respect to his/her details about personal information,
income, repayment, property etc.
✓ For generation of Provisional Sanction Letter, no document is required from prospective
borrower.
✓ Provisional Sanction Letter shall be valid for a period of 3 months from the issuance date.
✓ In case of In-Principle sanction letter (through offline mode- Branch/PLP) processing Fee of
0.35% of loan amount, minimum Rs. 2500/- & Maximum Rs. 15000/- to be recovered from the
customers who approaches the Bank for “In-Principle Sanction Letter.”
16. Statement of Account: Statement of Account of all the Home Loan Accounts is to be generated in
the first week of April and issued/ dispatched by 30th April every year without waiting for any specific
request from the borrowers.
17. Penal Interest:
✓ For All Cases Including Purchase of Plot/Land: In case of default in repayment of loan, the
borrower shall be liable to pay penal interest as per the guidelines
✓ Where loan is sanctioned for purchase of plot/land & in case construction of the house is not
completed within 3 years from date of disbursement of the loan or in case the plot/land is sold,
penal interest at 2% over & above the prescribed rate of interest will be charged from the first
date of disbursement of the loan.
✓ ZM & above may reduce penal rate of interest, maximum by 1% p.a. on merits of each.
18. Takeover of Home Loan Accounts:
✓ Sanctioning Authority may permit takeover of home loan accounts from other financial
institutions/ banks.
✓ Further, ZM & above may allow takeover of Home Loan accounts from other than FIs/Banks, on
individual merits of the case (s), subject to the condition that the loan allowed, has been for the
‘purpose’ of Housing activity only.
19. Norms for classifying Housing loan under Priority Sector: Loans to individuals upto Rs. 35 Lakh in
metropolitan centers (with population of 10 Lakhs & above) and upto Rs. 25 Lakhs in other centers
for purchase/construction of a dwelling unit per family provided the overall cost of the dwelling unit
in the metropolitan center and at other centers does not exceeds Rs. 45 Lakhs and Rs. 30 Lakhs
respectively.
7
20. Other Guidelines:
i) HUF are not eligible for Home Loan (including all its variants).
ii) In case of the customers not having their account with any other Bank/FI or for any
deviation on the above account, AGM-RAM/iRAM & CHCAC & above may take suitable
decision based on merits of each case.
iii) ECS/NACH mandate of the Bank whose statement of account is furnished be obtained
and not of our Bank where a shadow account is opened just for getting ECS/NACH
mandate.
iv) Revaluation of IP under PNB Home Loan once in 3 years is not required in case of
standard accounts.
v) Rules/regulation pertaining to sanction of home plan in rural areas are state specific and
be dealt accordingly in consultation with Bank’s legal advisor/advocate at ZO/CO level.
vi) The property must be re-visited by a bank official different from the one who made pre-
sanction visit within a maximum of 10 days after disbursement of loan.
vii) Repayment period of restructured home loan may be fixed depending upon the
repaying capacity of the borrower but should not exceed 30 years or till the borrower
attains the age of 70 years, whichever is earlier. However, AGM-RAM/iRAM &
above/CHCAC & above may relax the period till the borrower attains the age of 75 years.
viii) No loan shall be granted to borrowers involved in any kind of real estate
activity/business for purchase of land/plot.
ix) No loan should be given in respect of properties meant for residential use but which the
applicant intends to use for commercial purposes and declares so while applying for loan.
x) Authorization from borrower/guarantor to access information from income tax
department and other authorities be mandatorily obtained.
21. Home Loans with Multi- Location Scenario of Customer:
✓ The home loan to the prospective borrower/customer be sanctioned at the
PLP/Branch, which is near the Present Place of Work/Posting or Permanent
Residence of prospective borrower.
✓ For security verification/NEC, the sanctioning PLPs/Branch should, however, take the
help of PLPs/Branch, which is located near the housing property.
✓ Further, it is advised that the PLP/Branch at the place of the housing property must
get the job of security verification/NEC done promptly, so that there should be no
complaint on this count.
✓ CHCAC of the area where housing property is located is, however, empowered to give
administrative clearance for considering sanction of Home Loan at PLP/Branch falling
in his area, on merits of each case if the prospective borrower(s) is not having present
place of work/posting or permanent residence in his area.
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
2. Housing Finance Scheme for Public “PNB MAX-SAVER” (RAD: 61/06.06.2022)
1. Eligibility: 3. Purpose: Loan under this variant be allowed for 6. Nature of Facility: OD on monthly
i. Prospective borrower - As per our existing “PNB Home Loan scheme”. all purposes, which have been specified under “PNB reducing DP basis.
ii. Existing borrower - Where complete disbursement has been made. Home loan scheme” except Home Loan for 7. Scheme Code: TL: TLMAX, OD: ODMAX.
✓ The existing Home Loan borrower desirous of availing loan under the variant be allowed Purchase of only land/plot which is not permitted 8. Repayment:
the benefit provided their Home Loan account is running regular, no outstanding inspection under this scheme. ✓ As per the existing Home Finance
irregularity, complete disbursement has been made & repayment has started in the 4. Objective: To attract home loan borrowers Scheme for Public. DP on the OD will
account subject to fulfillment of all terms and conditions of this variant. especially high-income group who prefer to park be reduced on monthly basis to the
✓ The conversion of facility be allowed on written request and payment of Upfront fee & their excess funds in loan account for interest extent of the principal component of
Documentation charges by the borrower as under: benefit. the EMI so that the OD is liquidated
a. In case the customer has paid Upfront Fees & Documentation Charges at the time of 5. Extent of Loan: at the end of the loan tenure.
availing Home Loan: One-time charges of Rs 2500/- + GST Minimum: Rs. 10 Lac. ✓ Interest will be recovered as and
b. In case the customer has not paid Upfront Fees & Documentation Charges at the time Maximum: Need based as per “PNB Home Loan when levied.
of availing Home Loan i.e. loan is sanctioned under Bonanza Offers or charges have been Scheme”. 9. Rate of Interest: Additional Rate of
waived by the competent authority: Charges as per extant guidelines applicable to “PNB ✓ In respect of existing Home Loan borrowers, Interest of 0.15% under each slab will be
Home Loan”. present outstanding of the loan amount be applicable based on the Credit Score of
2. Not Eligible: Borrowers which are falling under Commercial Real Estate (CRE) will not be taken into consideration for conversion of loan the borrower/s.
eligible under the said scheme. under this variant.
3. PNB Gen-Next Housing Finance Scheme for Public (RAD: 61/06.06.2022)
1. Purpose of Scheme: 4. Purpose of Loan: 9. Repayment Period: Flat 30 years.
✓ To bring Gen-Next customers such as IT professionals, ✓ For purchase of ready to move in house/flat etc; 10. Moratorium Period:
young executives, PSUs/PSBs/Govt. Employees etc., into ✓ For construction of House/flat etc.; i) In case of under construction flat of approved private builder:
Bank’s fold. ✓ For purchase of under construction flat of Upto 36 month plus remaining period of date of possession subject to
✓ Under this scheme, the borrower will be offered 1.25 times approved private builder; a max moratorium period of 60 month. ii) In all other cases: Max.
of the loan amount calculated as per the regular home loan 5. Eligible Loan Amount: 36 months.
eligibility method, subject to maintenance of prescribed LTV ✓ 1.25 times the loan amount calculated as per the iii) Interest: As and when levied during the moratorium period.
ratio. However, borrower may take lower amount. regular home loan method, subject to
✓ Borrower will be offered paying lower EMIs during initial 11. Repayment:
maintenance of prescribed LTV ratio. However, Period Monthly Repayment
years and step up the same during the subsequent years. borrower may take lower amount. During Moratorium Only interest to be serviced.
2. Objective: Providing home finance to Gen-Next salaried class ✓ Minimum amount - Rs. 20 Lac; Period
borrowers such as IT Professionals, PSBs/PSUs/Govt. Employees. ✓ Maximum amount - Need Based.
Next 120 Months EMI on sanctioned limit for 360
3. Age of borrower(s): 6. Powers vested with AGM-RAM/iRAM/CHCAC & months.
✓ Upto the age of 40 years. above to allow 10% higher deductions of Net Monthly Remaining Period EMI which will fully amortize the
✓ In case of multiple borrowers whose income has been taken salary under regular Home finance scheme have been remaining outstanding in the home
for arriving at the loan eligibility and repaying capacity, one withdrawn under “PNB Gen-Next Housing Finance loan a/c within the remaining period.
borrower must be at-least upto the age of 40 years and Scheme” as Bank is allowing 1.25 times the loan
amount calculated as per the regular home loan 12. Term insurance of at-least equal to loan amount be mandatorily
others may be maximum upto the age of 45 years.
obtained. Cost of premium may be financed at the option of the
✓ Further, where income of the applicants is not being taken method.
borrower(s). The same shall be over & above the extent of loan, at
for arriving at the loan eligibility and they are owner/co- 7. Rate of Interest: As applicable in Home Loan. prescribed margin, for which customer is otherwise eligible and
owner in the property, they are to be made co-borrower
8. Scheme Code: HLGEN subject to maintenance of LTV ratio & repaying capacity of customer.
under this scheme without referring his age.

8
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
4. Overdrft/Term Loan to Home Loan Borrowers for Personal Needs
1. Eligibility:
✓ All existing/new Home Loan a/cs of our
Bank or those acquired/being acquired by
way of take-over from other Banks/HFIs.
✓ For existing Home Loan a/cs - No inspection
irregularity which has been identified as
serious in nature is outstanding and subject
to fulfillment of all terms and conditions for
facility under this scheme. Further,
subsequent top up facility should be allowed
only if the account is regular and has timely
repayments for a time period of atleast 6
months.
✓ NRI/PIO Home Loan borrowers are not
eligible for OD/TL Facility under this scheme.
✓ The OD/TL Facility for personal use should
not be sanctioned to the borrowers, who
have availed loan for: (i) Purchase of plot,
construction on which is yet to be
completed; and (ii) Flats/houses which are
under construction.
2. Offer of the Scheme: Branches are required to
make the offer in writing to all existing/new HL
a/cs of our Bank or those acquired/being
acquired by way of take-over from other Banks/
HFIs.
(COMPILED BY R C JHA, AGM, HO: CRMD)
(RAD: 61/06.06.22, 90/02.08.22, 95/10.08.22)
3. Extent of Loan: 7. Repaying Capacity: OD facility be set up in such a manner that all deductions
✓ Min - Rs.2 Lakh, Max - Rs.25 Lakh. including servicing of interest on OD should not exceed as permitted under Home
Loan Scheme.
✓ 80% of current realizable value of home property if
✓ While ascertaining GAS/I, no new borrower/Co-borrower/joint borrower is to
the loan amount (existing exposure of Home loan +
be added for assessing repayment capacity/loan amount.
proposed OD limit) is upto Rs.75 Lacs. OR
✓ However, income of spouse whose income is not considered at the time of
✓ 75% of current realizable value of home property if sanction of Home Loan may be taken into account while determining the
the loan amount (existing exposure of Home loan + repayment capacity/assessment of loan.
proposed OD limit) is above Rs.75 Lacs.
8. Security: Extension of charge/Creation of charge on the existing Mortgaged
✓ The Home loan borrower(s) will be eligible for
Immovable Property/IP to be mortgaged.
maximum loan of Rs. 25 Lacs even if the borrower(s)
is/are availing more than one Home Loan.
9. Rate of Interest: TL: RLLR+BSP+ 0.35%; OD: RLLR+BSP+ 1.35%
✓ Multiple Loan Account (s) can be opened under the
said scheme for borrower(s) having multiple Home 10. Processing Fee: NIL, Documentation Charges: Rs. 450/- (Excluding Taxes)
Loan, capping the maximum limit of Rs.25 Lacs. Inspection charges: Security Verification after creation of security to be carried out
once in 2 year and at least on half yearly basis in case of NPA A/cs.
✓ Enhancement of the existing OD limit within overall
ceiling of Rs. 25 Lacs may be permitted only in such
11. Top-Up Loan (Overdraft/Term Loan) to Home Loan Borrowers for Personal
cases where the Home loan is still continuing and
Needs- Modification:
not in case where Home Loan has been adjusted.
Detailed guidelines regarding “Top-up (Overdraft/Term) Loan to Home Loan
Borrowers for Personal Needs” were circulated vide RAD circular no. 90 dated
4. Purpose: For Personal needs/use.
02.08.2022.
Now, it has been decided to keep at abeyance the modification carried out vide
5. Scheme Code: TLPRH & ODPRH.
aforesaid circular till further review of scheme parameters.
However, scheme guidelines before issuing the RAD Circular 90/2022 dated
6. Nature of Facility: OD Limit. Borrowers to ensure
02.08.2022 will continue to inforce till revised guidelines are circulated i.e. Top-up
monthly servicing of interest component on the OD
(Overdraft/Term) Loan to Home Loan Borrowers for Personal Needs guidelines
facility sanctioned.
issued vide RAD circular 61/2022 dated 06.06.2022 shall continue.
Term Loan: Repayment in 10 years or remaining period
of HL whichever is lower.
Strictly Confidential :: For Internal Circulation Only
9
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
5. PNB Flexible Housing Loan: Housing Finance Scheme for Public – ‘Overdraft Option’
1. Objective:
✓ The Scheme is allowing borrowers, the
advantage of substantial savings on the
interest component on account of facility to
deposit his surplus funds in the OD account
and withdraw the same at his choice upto
the extent of OFD limit.
2. Purpose:
✓ Loan under this variant be allowed for all
purposes, which have been specified under
“PNB Home Loan”, except for purchase of
land/plot. But, if subsequently the
borrower, having undertaken construction
thereon, loan be allowed to borrower, on
their request, under this variant.
✓ The earlier loan may be adjusted through
proceeds of loan sanctioned under this
variant. In such a case Upfront fee &
Documentation charges be recovered,
afresh.
✓ 20% increase in the original total limit be
allowed for personal needs of the
borrower, on written request, after 5 years.
3. Eligibility:
✓ Age: Below 50 years.
✓ For existing Home Loan borrower: Their
Home Loan account is running regular & no
inspection irregularity is outstanding and
subject to fulfillment of all terms &
conditions of this variant.
✓ The facility be allowed on written request
and on payment of Upfront fee &
Documentation charges by the borrower.
(COMPILED BY R C JHA, AGM, HO: CRMD)
4. Nature of Facility:
Term Loan: 80% & Overdraft: 20% (ensuring margin of 20%/25%)
✓ The operations shall be by way of opening 2 separate accounts for
both the facilities.
✓ Suitable EMI be prescribed and EMI cheques (wherever required) be
obtained.
✓ When the increase of 20% is allowed after 5 years, as per provisions
of the scheme and it is in the shape of Term Loan, a Second Term
Loan Acc
✓ ✓ The above increase of 20% shall be subject to the ceiling that maximum
✓ ount shall be opened and separate EMI cheques (wherever required)
be obtained.
✓ Similarly, when it is in the shape of Overdraft, it shall be by way of
increase in drawing power of the existing separate overdraft account
(Personal needs).
✓ EMI cheques (wherever required) covering the interest component of
this limit be obtained.
✓ Documents for this enhancement be obtained.
✓ In the case of H/L above Rs. 75 Lacs, LTV ratio should not exceed the
prescribed ceiling in all fresh cases of sanction. In case, the LTV ratio
is currently above, the ceiling prescribed for any reasons, efforts
shall be made to bring it within limits.
✓ Maintenance of separate accounts for personal needs, either in the
shape of Overdraft or Term Loan including the 20% increase in the
original total limit is to ensure that Interest component on Home
Loans is calculated easily for the purpose of issuance of Interest
Certificate required by the borrowers for claiming the benefit available
under Income Tax Provisions).
✓ Further, on customers attaining the age of 55 years the overdraft
facility shall be allowed on monthly reducing Drawing Power 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 overdraft limit, including Term Loan limit, is adjusted by
the age of 70 years. AGM- RAM/iRAM/CHCAC and above may relax
repayment period upto the age of 75 years.
(RAD: 61/06.06.2022, 134/12.12.2022)
5. Extent of Loan:
✓ 20% increase in the original total limit sanctioned after 5 years, subject
to borrower’s good repayment track record, adequate repayment
capacity to service the increased portion of the loan and market value of
the property.
✓ This 20% increase shall be subject to the realizable value of the
property, such that margin (20%/25%) is always maintained.
✓ The increase be allowed in the form of TL or OD facility depending upon
the request (in writing) of the customer.
OD component shall never be in excess of 50% of the total limit.
✓ For existing Home Loan borrowers, present outstanding of the loan
amount be taken into consideration for conversion of loan under this
variant.
6. Other:
✓ The enhancement in overdraft drawing limit be allowed upto the extent
of reduction in Term Loan amount.
✓ The first such revision of overdraft drawing limit facility be allowed, after
a period of 3 years and thereafter on yearly basis, at the request of the
borrower only.
✓ Aggregate of limits under Term Loan and Overdraft components shall
not exceed the original total limit sanctioned for the first 5 years.
✓ Maximum Overdraft drawing limit, under no circumstances, should
exceed 50% of the total limit.
✓ 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.
✓ Borrower will be allowed to deposit his/her surplus funds in the
Overdraft account, be it the salary or other savings and withdraw the
same at his/her choice upto the extent of the Overdraft limit. The
existing Home Loan borrowers desirous of availing loan under the variant
be allowed the benefit subject to fulfillment of all terms and conditions
and on recovery of upfront fee and documentation charges afresh.

✓ In view of PNB Home Loan variant namely “Max Saver”, where entire Home Loan can be sanctioned in the form of overdraft as against 20% under the PNB
Flexible Home Loan, it has been decided to discontinue PNB Flexible Scheme-a variant of PNB Home Loan, w.e.f. 01.01.2023.
✓ Field functionaries are advised to sanction all in hand proposal of PNB flexible scheme-a variant of PNB Home Loan latest by 31.12.2022.

10
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
6. PNB Home Loan Scheme for NRIs/OCIs
a) All Non-Resident Indians (NRIs)/Overseas Citizen of India (OCIs) are eligible for housing loan under the Scheme.
b) Proposals for Housing Loan to NRIs/OCIs, forwarded by our overseas offices, be processed/sanctioned centrally
at iRAM Delhi (6666) (Karol Bagh).
Loan proposals beyond the powers of this iRAM will, however, be forwarded by them to CHCAC & above (Delhi
Zone), for consideration.
c) Housing Loan proposals of NRIs/OCIs, received directly by the inland branches, will be processed/sanctioned
at:
i. All the branches authorized to deal in foreign exchange (Category A & B) within their vested loaning power.
ii. All PLPs (iRAM/RAM) within their vested loaning powers.
iii. Category C branches permitted by Circle Head within their vested loaning power.
However, for loans beyond PLPs (iRAM/RAM) powers, they may refer those cases to their respective Circle Offices
(CHCAC & above) and coordinate for sanction and sending response to the NRI customers.
PLPs (iRAM/RAM) will sanction loan proposal of NRIs/OCIs received through GBBs:
i. Which are authorized to deal in foreign exchange, ii. Branches authorized by CH.
Circle Heads may permit sanction and disbursement of Home Loan to NRIs/PIOs
at Category ‘C’ branches besides the branches authorized to deal in Foreign Exchange.
A branch is classified as 'A', 'B' or 'C' category branch, as per RBI's guidelines:
Category A: Offices and Branches maintaining independent foreign currency accounts in their own names.
Category B: Offices and Branches not maintaining independent foreign currency accounts but having powers of
operating on the accounts maintained abroad by their Head/ Principal Office or any other Link Office.
Category C: All other Offices and Branches handling Foreign Exchange Business through other Offices or Branches
in Category A or B.
d) Accordingly, Housing Loan to NRIs/OCIs be allowed at the branches authorized to deal in Foreign Exchange.
However, Circle Heads may permit sanction and disbursement of Housing Loans to NRIs at Category 'C' Branches
as well. While permitting the same, Circle Heads to nominate a Category 'B' Branch as Nodal Office in their Circle
to facilitate Inspection of RBI. If there is no AD branch in the circle then Zonal office may nominate any nearest ‘B”
category branch of zone as a Nodal branch for inspection of Category ‘C” branch. Circle Heads may nominate
branches under their jurisdiction for extending Housing Loan to NRIs.
e) Loan will be sanctioned for acquisition/construction/repairs/renovation/ improvement of flat/house owned
by NRIs/PIOs/OCIs in India as also for the purpose of purchase of Plot. This flat/house, acquired by utilization of
the loan, will be used for self-occupation/letting out.
f) The loan should be fully secured by creating equitable mortgage of the concerned property and, if necessary,
lien on borrower’s other assets in India.
g) Repayment of the loan should be made by the borrower within a period not exceeding 30 years (including
moratorium period, if any) and EMI comprising of principal plus interest including all charges by remittances from
abroad through normal banking channels or out of funds in his 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.
h) Close relatives of the borrower in India shall also be 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.
i) Loan amount disbursed should not be credited to NRE/FCNR(B)/NRNR account of the borrower. Housing Loan
disbursement should be routed/monitored through NRO (Non-resident Ordinary) a/cs.
j) If the house/flat is rented out, the entire rental income, even it is more than the prescribed instalment, should
be adjusted towards repayment of the loan. If the rental income is less than the prescribed instalment, 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.
11
(RAD: 61/06.06.2022)
k) Guidelines regarding rate of interest, guarantee clause, quantum/extent of loan,
margin requirement, obtention of insurance cover, repayment, age criteria, verification
of end-use, and service charges and other operational guidelines shall be as per the
Housing Finance Scheme for Public, applicable to resident Indians.
l) Loaning powers for sanction of term loans, subject to ceiling prescribed for each
activity of housing loan: -
i. For Construction/Additions/Purchase of House/Flat: Need based loan depending
upon the project cost and repaying capacity of the borrower.
ii. For purchase of Land/Plot for construction of House Building: Maximum Rs.50 L.
However, AGM RAM/iRAM & CHCAC & above may consider loan maximum of Rs.100 Lac
for Metro/State Capitals.
Further, ZOCAC & above may sanction loan for purchase of land/plot for house building
depending upon merits/genuineness of each case/repaying capacity and after fully
satisfying themselves about the realistic valuation of land/plot as under: ---
a) Maximum upto Rs.300 Lac at all centers; &
b) Maximum upto Rs.500 Lac at state capitals and metro centers, only in cases where
land/plots are allotted by State Development authorities/State Housing Boards. (It is
clarified that subsequent sale by the original allottee of plots allotted by the Govt. bodies
be treated as the purchase from private bodies)
Further, it be ensured that the loan amount for purchase of Land/Plot for construction of
house building under any circumstance is not more than 60% of the eligible Home loan
amount as per the repayment capacity.
iii. For repairs/renovation/alterations: Maximum Rs. 50 Lac.
m) Cost of furnishing may be included in the project cost with maximum upto 15% of
Home Loan or Rs.50 Lakh whichever is lower, within the prescribed Loan to Value (LTV)
ratio. Repayment period will be maximum equal to period of Home Loan. (Limit to be
assessed at the time of sanction of Home Loan).
n) In the case of person who has returned to India for permanent settlement, the
repayment of the outstanding loan may be allowed in rupee.
o) Branches may also consider granting loans where NRI/OCIs is a borrower with
resident close relative as co-obligant/guarantor or where the land is owned jointly by
NRI/OCIs borrower with resident close relative. There will be no objection to loans
being granted to residents with NRI/OCIs as a co-obligant.
p) Margin amount shall be made out of funds received in India through banking
channels by way of inward remittance from any pLace outside India or from funds held in
any non-resident account maintained.
q) As there is no restrictive covenant in this regard by RBI, take-over of loans from other
Banks/Housing Finance Companies is permitted, subject to completion of due diligence
as per the Take over norms of Home Loan Scheme.
r) Loan Documents be obtained as prescribed under Housing Finance Scheme for Public,
applicable to resident Indians. However, the Housing Loan Agreements under the
Scheme “Housing Finance Scheme for NRIs/OCIs” be obtained. A draft of Power of
Attorney to be executed by the NRI/OCIs in favour of any person to facilitate loan
transaction in his absence. Further, a copy of passport, copy of visa, work permit,
company details, copy of current overseas residential proof etc.
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
7. PNB Home Loan Scheme - Composite Loan for purchase of Residential Plot and construction of a house thereon
(RAD: 61/06.06.2022)
1. Objective: To home loan borrowers who are willing to purchase residential plot and construction of House on the plot
thereon.
2. Purpose: For purchase of residential plot and construction of a house thereon. (Composite loan)
3. Extent of Loan:
a. Need based loan depending upon the project cost and repaying capacity of the borrower.
b. Loan amount for purchase of residential plot shall not exceed 60% of the eligible loan amount.
c. AGM RAM/iRAM, CHCAC & above, shall permit Loan amount for purchase of residential plot upto 70% of the eligible
loan amount.
d. ZOCAC & above, shall permit Loan amount for purchase of residential plot upto 80% of the eligible loan amount.
e. As regards sanction of loans for construction part, sanctioning authority should satisfy themselves about the estimated
cost of work involved having regard to the extent thereof, materials to be used, cost of labour and other charges, and after
obtaining certificates of the qualified engineers/architects, as considered necessary.
f. The estimate should be backed by Map/Plan certified by qualified engineers/architects which is to be subsequently
approved by the competent authority of the area specific. i.e. after purchase of plot.
4. Margin: For All purposes: (Including composite loan $ i.e. Plot purchase + construction)
a) Housing Loan upto Rs 30 Lac: 20% /15% #*
b) Housing loan above Rs. 30 Lac and upto Rs 75 Lac: 20%
c) Housing Loan above Rs. 75 Lacs: 25%/20% @
# Higher Rate of Interest on Card Rate is being charged in such cases.
$ Margin under composite Home loan to be ensured separately on plot purchase amount and cost of construction.
@ CIC Score of borrowers: 680 & above or -1 & 0, (In case of joint borrower(s), the CIC score of each borrower must be
680 and above or -1 & 0).
5. Penal Clause: For purchase of residential plot and construction of a house thereon:
Where loan is sanctioned for purchase of residential plot and construction of a house thereon and in case construction of
the house is not completed within 3 years from date of disbursement of the loan for plot or in case the plot/land is sold,
penal interest at 2% over & above the prescribed rate of interest will be charged from the first date of disbursement of the
loan.
Zonal Manager & above may, however, reduce penal rate of interest, maximum by 1% p.a. on merits of each case like
general/real constraints faced by the borrower in construction of house on account of Lack of infrastructure development,
no development in locality/colony/area etc. where plot/land is located.
6. Moratorium:
Total moratorium period shall be 18 months from the date of first disbursement for purchase of residential plot and
construction of a house thereon, whichever is earlier.
AGM RAM/iRAM, CHCAC & above, shall permit moratorium period upto 24 months in case of purchase of residential plot
and construction of a house thereon.
12
7. General Terms & conditions:
a. Only amount considered for plot purchase will be disbursed initially
and rest amount for construction will be disbursed in tranches at later
stage i.e., at stage like completion of plinth, construction upto lintel
level, completion of roof etc. and after ensuring that the borrower has
invested his pro-rata share towards required margin
b. In cases where loan for construction not availed and borrower
manage funds at his own, customer can revise his EMIs against the
actual loan availed subject to completion of construction of the
building to the entire satisfaction of sanctioning authority.
c. In case where borrower made a partial repayment of loan amount
and request for re fixation of EMIs, the same be re fixed at branch
level and the same may not be treated as rephasement/restructuring.
d. If borrower does not take disbursement of construction of loan, in
such cases there is no change in treatment of moratorium period of
18 months to start repayment of loan. However, where loan is
sanctioned for purchase of residential plot and construction of a
house thereon and in case construction of the house is not completed
within 3 years from date of disbursement of the loan for plot or in
case the plot/land is sold, penal interest at 2% over & above the
prescribed rate of interest will be charged from the first date of
disbursement of the loan.
8. Loaning Power: Extent vested loaning powers for construction/
addition/purchase of House/Flat will be continue to be applicable for
Composite Loan also.
Max. Ceiling: Need Based
Branch Heads of GBB: I TO IV: 10 Lacs
Segment Head: MMGS-III – 80 Lacs, SMGS-IV – 100 Lacs.
Incumbent RAM/IRAM: SMGS -- IV, SMGS-V – 100 Lacs
9. Scheme Code: TLHCO
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
8. Financing of Solar Power Systems Under Home Loan Scheme (RAD: 61/06.06.2022)
1. Eligibility: Individual and joint owners as per housing loan scheme. 7. Security:
2. Purpose and loan amount: a) Mortgage of property being financed along with hypothecation of equipment(s) to be purchased. However,
✓ Installation of rooftop solar system at residential house with capacity of where finance is being extended exclusively for purchase of solar systems hypothecation of equipment(s) to be
minimum 1.0 kw and maximum 5.0 kw subject to maximum loan amount purchased and suitable third-party guarantee with net means of at-least equal to loan amount will be taken.
of Rs. 5 Lakh. b) Security code in SRM will be ‘SOLARELS’ for the amount of loan extended for installation of solar system.
✓ Further AGM iRAM/RAM and CHCAC and above are empowered to permit c) Further, it is informed that 2 SRMs will be created where loan for solar power systems is part of the Housing
deviation for installation of the system upto 10 kw with maximum loan Loan and only 1 SRM will be created where loan for solar power systems is on standalone basis.
amount upto Rs. 10 Lac.
8. Insurance:
3. Margin: It is to be ensured that the units are insured at least for the term of loan.
✓ Where mortgage of house is available with the bank: As per housing loan;
✓ On standalone basis- 30% 9. Processing Fees/Upfront Fees/Documentation charges: As per the Housing Loan Scheme, as under:
4. Rate of Interest:
Housing Loan Service Charges*
✓ Where applicant is ready to mortgage the house, whether the installed
Housing Loans irrespective of Loan 0.35% of the loan amount
system is part of housing project or not, ROI to be charged as per housing
Amount Minimum- Rs. 2,500/-
loan scheme.
Maximum- Rs. 15,000/-
✓ On Standalone Basis: Further, where solar system is installed on standalone
basis and applicant is not ready to mortgage the property, ROI to be Documentation Charges - Rs. 1350/- (Irrespective of amount)
charged at RLLR+BSP+2.25% under floating option only. *Exclusive of GST
✓ No fixed option is available. 10. Tie-Up Arrangements: Bank has entered into a Tie-up arrangement with following solar power companies
✓ Interest table code is “RH403” (solar power without mortgage under RLLR) for sanction of Term Loan to credit worthy retail customers as a part of housing loan and also on Standalone
5. Repayment period: basis.
✓ As per housing loan scheme where mortgage of house is available. 1. M/s Fujiyama Power Systems
✓ On Standalone Basis: where solar system is installed on standalone basis 2. M/s Oakridge Energy Pvt. Ltd.
and applicant is not ready to mortgage the property, maximum 5 years 3. M/s Solarin Solar Power Systems.
repayment period to be permitted. 4. M/s Tata Power Solar System
6. Scheme Code: 5. M/s United Telecoms Pvt. Ltd.
✓ Where applicant is ready to mortgage the house, whether the installed
system is part of housing project or not, Scheme Code will be 11. Classification: Advances under the scheme shall be categorized under Retail Portfolio Housing loan
TLPHA/TLPHL/HLGEN/TLHCO as per housing loan scheme. segment and accounts shall be opened under the scheme code ‘TLPHL/TLPHA/TLHCO/HLGEN’, where
✓ On Standalone Basis: Scheme Code will be “TLGPL” mortgage of house is available and TLGPL where on Standalone Basis, in CBS as the case may be.

Strictly Confidential :: For Internal Circulation Only

13
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
9. MISCELLANEOUS ISSUES RELATED TO PNB HOME LOAN (RAD: 61/06.06.2022)
1. Classification of Home Finance Under Priority Sector:
i) Loans to individuals up to Rs. 35 Lakh in metropolitan centres (with population of ten Lakh and above) and up to Rs. 25 Lakh in other centres for purchase/construction of a dwelling unit per
family provided the overall cost of the dwelling unit in the metropolitan centre and at other centres does not exceed Rs. 45 Lakh and Rs. 30 Lakh respectively. Existing individual home loans of UCBs
presently classified under PSL will continue as PSL till maturity or repayment.
ii) Loans up to Rs.10 Lakh in metropolitan centres and up to Rs. 6 Lakh in other centres for repairs to damaged dwelling units conforming to the overall cost of the dwelling unit.
iii) Home loans to banks’ own employees will not be eligible for classification under the priority sector.
iv) Since Home loans which are backed by long term bonds are exempted from ANBC, banks should not classify such loans under priority sector.
v) Bank loans to any governmental agency for construction of dwelling units or for slum clearance & rehabilitation of slum dwellers subject to dwelling units with carpet area of not more than 60 sq.m.
vi) Bank loans for affordable home projects using at least 50% of FAR/FSI for dwelling units with carpet area of not more than 60 sq.m.
vii) Bank loans to HFCs (approved by NHB for their refinance) for on-lending, up to Rs. 20 Lakh for individual borrowers, for purchase/ construction/reconstruction of individual dwelling units or for
slum clearance and rehabilitation of slum dwellers.
viii) Outstanding deposits with NHB on account of priority sector shortfall.
2. Risk Weight on Home Finance:
i) LTV ratio should be computed as a percentage with total outstanding in the account (“Principal + Accrued Interest + Other Charges pertaining to the loan without any netting”) in the numerator
and the latest realizable value of the residential property mortgaged to the bank, exclusive of stamp duty, registration and other documentation charges, as per Bank record, in the denominator.
ii) Recognizing the criticality of real estate sector in the economic recovery, given its role in employment generation and the inter linkages with other industries, it has been decided, as a
countercyclical measure, to rationalize the risk weights by linking them only with LTV ratios for all new housing loans sanctioned w.e.f. 12.10.2020 up to March 31, 2022. Further RBI vide its
Circular dated 08.04.2022 extended the above-mentioned guidelines upto 31.03.2023. Such loans shall attract a risk weight as under based on LTV:
LTV Ratio Risk Weight (%)
<=80 35
>80 and <=90 50
3. Directives of High Court of Delhi: The following directives be complied with regarding approval of sanctioned plan: ---
A. Home Loan for building construction:
i. In cases where the applicant owns a plot/land and approaches the banks/FIs for a credit facility to construct a house, a copy of the sanctioned plan by competent authority, (subject to the
exemptions provided by the State Governments) in the name of a person applying for such credit facility must be obtained by the Banks/FIs before sanctioning the home loan.
ii. An affidavit-cum-undertaking must be obtained from the person applying for such credit facility that he shall not violate the sanctioned plan, construction shall be strictly as per the sanctioned
plan and it shall be the sole responsibility of the executants to obtain completion certificate within 3 months of completion of construction, failing which the Bank shall have the power and the
authority to recall the entire loan with interest, costs and other usual bank charges.
iii. An Architect appointed by the Bank must also certify at various stages of construction of building that the construction of the building is strictly as per sanctioned plan and shall also certify at a
particular point of time that the completion certificate of the building issued by the competent authority has been obtained.
B. Home Loan for purchase of constructed property/built up property:
i. In cases where the applicant approaches the bank/FIs for a credit facility to purchase the built-up house/flat, it should be mandatory for him to declare by way of an affidavit-cum-undertaking
that the built-up property has been constructed as per the sanctioned plan and/or building bye-laws (subject to the exemptions provided by the State Governments) and as far as possible has a
completion certificate also.
ii. An Architect/Valuer appointed by the Bank must also certify before disbursement of the loan that the built-up property is strictly as per sanctioned plan and/or building bye-laws.
C. Unauthorized Colonies: No loan should be given in respect of those properties which fall in the category of unauthorized colonies unless and until they have been regularized and development
and other charges paid.
D. Commercial Property: No loan should also be given in respect of properties meant for residential use but which the applicant intends to use for commercial purposes and declares so while
applying for loan.
4. Financing of Affordable Home-Issue of Long-Term Bonds by Banks: Banks can issue long-term bonds with a minimum maturity of 7 years to raise resources for lending to affordable home.

14
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
10. Criteria for Approval of Private Builders/Developers and their Under-Construction Projects
1. CHCAC to approve builders/developers and their projects on the recommendations of officials
from GBB/Circle Offices.
2. Projects launched by below mentioned India’s Top FOUR Business Groups, CHCAC to accord fast
track approval (within 3-6 days):
(a) Tata Realty and Infrastructure Ltd. (TRIL), a 100% subsidiary of TATA Sons;
(b) Godrej Properties Ltd.;
(c) Mahindra Life spaces (Real Estate and Infrastructure Development arm of Mahindra Group; and
(d) L&T Realty (Larsen & Toubro’s Real Estate business).
✓ Marketing official of CO/ZO be deputed to complete all formalities by visiting project office of
above-mentioned builders/developers.
✓ In these cases, the cost of obtaining Fresh NEC/Legal opinion & valuation to be borne by the
bank. Payment to be done from relevant expenditure heads i.e. Law charges, HO sanction (Not
specified).
✓ However, CHCAC should assess the potential of new business to be generated from these
projects and ensure that sufficient no. of units are financed to cover the cost of NEC/Legal
Search Report & Valuation.
✓ Rs.2000/- as out of pocket expenses be recovered from the borrowers who avail Home Loan
to purchase units in these projects.
✓ Besides above, all steps and documents as required for approval of “All other private
builders/developers” mentioned below will be applicable to these builders/developers and
their projects.
3. Criteria for Approval of Private Builders and thier Under Construction Projects - Deemed
Approved Projects:
i) All under construction Projects of private builders/developers, which have been approved by any
ONE of the Banks namely SBI, BOB, Canara Bank, Union Bank of India & HDFC be treated as
deemed approved, based on their stand-alone approval letters.
ii) Projects to be treated as deemed approved on the basis of stand-alone approval letters of
other banks.
iii) The said approval be accorded by CHCAC on the recommendations of officials from GBBs/Circle
Office, subject to compliance as under: ---
✓ Obtention of approval letter of other bank (as above).
✓ Obtention of NEC/Legal Search Report and Valuation report at Bank’s cost. However, valuation
report to be obtained for estimated cost of units to be constructed by the builder/developers.
✓ Approval is within a period of 24 months from the date of approval of project by any of the
mentioned Bank/ institution.
✓ The visit to the project site has been undertaken by the officials from Circle Office and visit
report is held on record.
✓ Nothing adverse market report has been observed about the project while approving the
same.
Constitution/structure of CHCAC will be same as defined in MPD circular no 05/2022 dated
01.03.2022. However, since no loaning powers are involved and it is a marketing activity only, the
above-mentioned proposal for approval of builders/developers and their projects be done on the
recommendations of officials from GBBs/Circle Offices.
(RAD: 61/06.06.22, 81/16.07.22, 104/12.09.22)
4. CHCAC to approve builders’ projects on the recommendations of officials from GBB/Circle Offices
where Builder/Developer is selling plots with all other terms and conditions applicable for approval of
private builders/developer and their under-construction projects (except not applicable in case of plots)
with additional conditions as under: ---
✓ Clear Non-Encumbrance certificate (NEC) for intervening period w.r.t plot which is being
considered for financing will also be obtained in these cases in addition to one-time NEC of the
whole project.
✓ While approving the project, it is to be ensured that clear demarcation of the property (individual
plot) in the revenue/relevant local authority’s records.
5. As regards approval for all other under construction Projects of private builders/developers, CHCAC
to approve the same as per criteria detailed below: ---
i. Establishment should be for the last 3 years or Minimum experience of any one of the promoters of
the project should be of 3 years in this line.
ii. Establishment/Promoter should have completed successfully at least 2 major* building projects.
* Project where RERA/similar authority (approved by state govt.) approval required (i.e in case of
RERA, project having more than 8 apartments or developed land exceeding 500 sq mtr).
Note: However, ZOCAC may approve private builders/developers and their under-construction
projects where the above condition is not fulfilled on the merit of each case.
6. In cases where the project is financed by the Bank, separate approval is not required. The said
projects are to be considered approved for home loan. In such projects, the bank will have the first right
of refusal for Home Loans by the buyers for purchase of flats in the project.
7. Legal Search Report/Non-Encumbrance Certificate:
i. Clear title of the land with chain of deeds/ Legal Search report of the project to be obtained from two
bank empaneled advocate.
ii. In case where the project is financed by other financial institutions, No Objection Certificate (NOC)
from the financing institutions should be obtained in regard to release of their charge on the respective
residential unit before disbursement.
iii. Confirmation from the builder/developers to be obtained before disbursement that the unit has
been allotted to the home loan borrower & charge on the same has been marked in favour of the bank.
8. Valuation Report: A consolidated valuation Report, should be obtained for estimated cost of units to
be constructed by the builder/developers, from two empaneled valuers who should also comment on
the reasonableness of prices of individual flats of various types. Valuation Reports should not be insisted
upon from purchasers of individual flat financed by bank irrespective of the loan amount. Valuation fee
in this regard should be borne by the Bank.
9. Miscellaneous: In case of financing home loan in bank’s approved under construction projects, fresh legal
opinion & valuation certificate from each customers need not be obtained. However, in such projects, out of
pocket expenses of Rs. 2000/- in case of project type mentioned at Para No. 2 & Rs.1000/- in case of
projects type mentioned at Para No. 3 will be recovered from the borrower.
✓ The concerned sanctioning authority relying upon such tie-up to expeditiously dispose the loan proposal
in T+2 days.
✓ The validity of the approval will be for a period of maximum 3 years or as provided in the RERA
guidelines or similar authority approved by the respective State/UT Govt/Local authorities (Whichever is
earlier). The said approval be reviewed on annual basis, and in case of any adverse feature/market
report, the approval to be cancelled any time.
15
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
11. Housing Finance Scheme for Public: RERA Guidelines: The Real Estate (Regulation & Development) Act 2016 (RERA)
1. Background:
✓ Provisions of the Act, made essential for every promoter to get the subject project registered with
the Real Estate Regulatory Authority (RERA) and to comply with all requirements of the Act.
✓ Hence, 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 appeals on the decision/orders of the RERA.
✓ The said Act, being a central legislation, is further to be adopted by the States and Union
Territories.
✓ In the light of the above, it is imperative that the field must know that unless the subject project is
registered with RERA and complied with its rules, no financing to the real estate be undertaken.
2. Salient features of the Act:
1. Registration of the project:
✓ No promoter without registration with the Real Estate Regulatory Authority (RERA) under the Act,
shall advertise, market, book, sell or offer for sale or invite person to purchase any plot, apartment
or 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 within a period of 3 months.
✓ The Act empowers the RERA to enforce registration of the project even beyond the planning areas,
wherever it thinks necessary. (Sec. 3)
✓ However, in following cases no registration of the Real Estate Project shall be required:
i. Where the area of the land proposed to be developed does not exceed 500 sq. meters or the
number of apartments proposed to be developed does not exceed 8 apartments. However, the Act
empowers the Central Govt. to reduce the aforesaid threshold limits below 500 or 8 apartments.
Ii. Where it relates to only renovation, repair or redevelopment.
2. 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. No rejection of registration application shall be made unless the
applicant has been given an opportunity of being heard in the matter. If the above said period is
lapsed, the project shall be deemed to have been registered.
✓ Once a registration of the project is done, a registration number including a login ID and password
be allotted to the promoter for assessing the website of the authority and to create his web page
and fill therein the details of the project. (Sec. 5)
✓ The registration granted shall be valid for a period as declared by the promoters under his
application for the completion of the project. However, in force-majeure cases, the said registration
may be extended by the authority on payment of such fees as may be specified but the period, in
aggregate, shall not exceed the period of 1 year. (Sec. 6)
✓ The authorities have empowered, on receipt of a complaint or suo moto, to revoke the registration
so granted, after being satisfied – (i) the promoter makes default in doing anything required by or
under the Act or the Rules/Regulations made thereunder; (ii) the promoter violates any of the terms
or condition of the approval; (iii) the promoter is involved in any kind of unfair practice or
irregularity.
16
(RAD: 61/06.06.2022)
3. Sharing of Information: The promoter, for registration of the Real Estate Project with the RERA,
shall enclose the following documents: ---
a) A brief detail of his enterprise including name, registered office, type of enterprise, particulars
of registration and also the name and photograph of the promoters.
b) A brief detail of the projects lodged by the promoters in the past 5 years, whether already
completed or being developed including the current status of the said projects, details of type of
land and payments pending.
c) An authenticated copy of approvals and commencement certificate from the competent
authority for each of such projects.
d) The sanction plan, layout and specification of the proposed project as sanctioned by the
competent authority. Besides, the promoter is also required to provide other micro details
including the name and address of the contractor, architect, structural engineer and any other
person concerned with the development of the proposed project. A declaration, supported by an
affidavit, which shall be signed by the promoter or any person authorized by the promoter,
stating:
i. That he has a legal title to the land on which the development is proposed along with legally
valid documents.
ii. That the land is free from all encumbrances or the details of encumbrances on such land
including name of the party along with required details.
iii. The time period within which he undertakes to complete the project.
iv. That 70% of the amount realized 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 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 promoter’s account shall be
audited within 6 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
utilized for the project and withdrawal has been in compliance with the proportion to the
percentage of completion of the project. (Sec. 4)
4. Revocation of Registration: The authority upon revocation of the registration of a real estate
project:
i) Shall debar the promoter from assessing its web site in relation to that project and specify his
name in a list of defaulters and display his photograph on its website and also inform the RERA in
other States and Union Territory about such revocation of registration.
ii) Shall facilitate the remaining development work to be carried out by the competent authority
or by the association of allottees who shall have the first right of refusal for carrying out the
remaining development work.
iii) Shall direct the bank holding the project account, to freeze the account towards facilitating
the remaining development works in accordance with the provisions of the Act.
iv) May issue such direction as it may be necessary to protect the interest of the allottees or in the
interest of the public. (Sec. 7)
 11. Housing Finance Scheme for Public: RERA Guidelines: The Real Estate (Regulation & Development) Act 2016 (RERA)
5. Function and duties of promoters:
✓ Once the project stands registered and the promoter has been granted login ID and password, he shall create his web
page on the website of RERA and enter all details of the proposed project in all the fields for public viewing including
quarterly upto date list of the buyer and type of apartments booked, garages booked, statement of approval taken
and the approvals which are pending, status of the project etc.
✓ At the time of booking and issue of allotment letter, the promoter shall be responsible to make available to the
allottees the following information: i. Sanction plan along with all specifications, approved by the authority, ii. The
stage wise time schedule of completion of the project.
✓ The promoter shall be responsible to obtain the completion/occupancy certificate from the competent authority and
to make it available to the allottees individually or to the association of allottees, as the case may be.
✓ The promoter shall remain responsible till the conveyance of all the apartments, plots or building to the allottees, all
the common areas to the association of allottees is complete.
✓ However, the promoter shall continue to be liable with respect to structural defect as per the agreement for the
same provided the notice of defect is brought to the knowledge of the promoter within a period of 5 years from the
date of handing over possession.
✓ In that eventuality, it shall be the duty of the promoter to rectify such defects without further charge within 30 days.
In case of his failure, the aggrieved allottees shall be entitled to receive appropriate compensation as per the Act.
✓ Apart of the above, the promoter shall certify that all dues and charges with regard to the project stands paid; enable
the formation of an association or society or co-operative society of the allottees under the laws applicable.
✓ Where, he commits default or fails to pay all or any of the outstanding collected by him from the allottees or any
liability, he shall continue to be liable even after the transfer of the property to pay such outstanding with penal
charges to the authority to whom they are payable and be liable for the cost of any legal proceedings which may
ensue in this regard. (Sec. 11)
6. Veracity of Advertisement/Prospectus:
✓ Where any person needs an advance or a deposit on the basis of information contained in such
advertisement/prospectus or on the basis of any model apartment and sustain any loss or damage by reason of any
incorrect false statement, he shall be compensated by the promoter.
✓ If any person intends to withdraw from the proposed project, he shall be returned his entire investment along with
interest/compensation in the manner prescribed under the Act. (Sec. 12)
7. 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. (Sec. 13)
8. 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. (Sec. 15)
9. Return of amount and compensation:
✓ If the promoter fails to complete or is unable to give possession of an apartment, plot or building in accordance with
the terms of agreement for sale or due to discontinuance of his business as a developer on account of suspension or
revocation of his registration, he shall be liable on demand to the allottees to return the amount received by him in
respect of that apartment, plot or building 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.
✓ Where the allottee suffers loss on account of defective title of the land, the promoter shall compensate and such
claim for compensation, shall not be barred by limitation provided under any Law. (Sec. 18)
17
(RAD: 61/06.06.2022)
10. 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. (Sec. 19)
11. 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 for any violation or contravention of the provisions
of the Act/ Rules & Regulations. (Sec. 31)
✓ Where the authority, on a complaint or suo moto consider it expedient,
may call upon any promoter or allottee or real estate agent at any time to
furnish in writing such information or explanation relating to its affair and
appoint one or more person to make an enquiry. Such authority shall be
vested with power of a civil court and be guided by the principal of natural
justice. (Sec. 35, 38)
12. 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. (Sec. 40)
13. 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 3 years or with fine
which may extend upto a further 10% of the estimated cost of the real
estate project or with both. (Sec. 59)
14. 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. (Sec.79)
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
12. Policy for Empanelment of Approved Policy for Empanelment of All
Builders/Developers and their Sales Representatives PNB’s Honorably Retired/VRS
Optee Employees as
as our Marketing Associates (MAs) Marketing Consultants (MCs)
1. Objective: Retail Segment particularly PNB Home Loan has 1. Objective: To improve our
substantial potential and every bank/financial institution is competitive edge in the market
focusing on Retail Loans. Many banks and Housing Finance and to increase Home Loan
Companies/Non-Banking Finance Companies have engaged the portfolio, our all Honorable
Direct Selling Agents (DSA)/ Marketing Agents for generating the retired employees/VRS optees
business from the various touch points. Further, selection of irrespective of any cadre, may
Home Loan provider is influenced by the advice of the be empanelled as Marketing
builder/developer and their sales representatives and they pass Consultants (MCs) for sourcing
on information about the prospective buyers to the banks/FIs for Home Loan applications.
a consideration.
2. Empanelment of MCs:
2. Empanelment of MAs: In order to be in tune with the market The Marketing Consultants
and not to lose business opportunities to our competitors, the shall be empanelled by the
builders/ developers and their sales representatives be concerned ZM on the
empanelled as our Marketing Associates (MAs) for promoting our recommendations of
Home Loans. concerned Circle/PLP Head.
3. Eligibility Criteria: The eligible retired employees
1. Only bank approved Builders/Developers and their Projects shall apply in the prescribed
are eligible; application form.
2. The Circle Head/PLP Head in whose area the approved project
is located shall recommend to Zonal Managers for empanelment After empanelling the MCs, ZM
of Builders/Developers and their sales representatives as shall issue an offer letter
Marketing Associates after ensuring the followings: --- containing terms and
i. Status of the projects with respect to construction and timely conditions of empanelment.
delivery of possession. Whether the same is as planned or delay,
if any, is justifiable. Site visit report is to be held on record. 3. Eligibility Criteria:
ii. There is no adverse market report in respect of the builder and i. All Honorably Retired/VRS
his projects; opted Employees (Irrespective
iii. The conduct of account of the builder with his/her existing of cadre);
banker is satisfactory and accounts are in Standard Category; ii. No adverse feature is
iv. All the statutory compliances have been completed by the observed in the latest CIR
builder for the said project and all approvals have been obtained. drawn from CIBIL and Equifax
v. CIR on the company/firm and its iii. No case should be pending
proprietor/partner(s)/directors is drawn from CIBIL/Equifax and against him/her in CBI or
no adverse features are observed. before any Court of Law;
iv. He should preferably be a
vi. Builders/Developers and their projects are RERA registered
local resident of the area with
and compliance of RERA guidelines have been completed.
18
Policy for Empanellment of Insurance Agents/NSCs Agents, Govt. Approved
Valuer/CAs/Tax Consultants, REAL Estate Brokers etc., as Retail Loan Counselors
(RLCs)
(RAD: 61/06.06.2022, 140/31.12.2022)
1. Objective: A policy to empanel the Insurance Agents/NSCs Agents, Govt. Approved
Valuer/CAs/Tax Consultants, Real Estate Brokers etc., as Retail Loan Counselors (RLCs) in line
with the DSAs empanelled by peer Public and Private Sector Banks, is framed.
2. Empanelment of RLCs: RLCs shall be empanelled by the concerned Zonal Head on the
recommendations of Circle Head/PLP Head. The eligible individuals/entities shall apply in the
prescribed application form. After empanelling the RLCs, Zonal Head shall issue an offer letter
containing terms and conditions of empanelment.
3. Eligibility Criteria:
i. Any Individual, working as Insurance Agents/NSCs agent, Govt. Approved Valuer/CAs/Tax
Consultants, Real Estate Brokers etc are eligible for consideration for empanellment as RLCs
subject to;
Age above 18 years; Should be local resident and able to communicate effectively in local
language; Should have phone and vehicle facility; Should operate from his pLace; Bank will
not provide any office/desk/infrastructure; Minimum qualification: Higher Secondary
(HSC)/Sr. Secondary and confirmed agents with ID Cards; 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.
ii. Entities are eligible for consideration for empanellment as RLCs subject to: Should have
local office; Should have phone and vehicle facility; Should operate from his pLace; Bank will
not provide any office/desk/infrastructure; Commitment, diligence and integrity should have
been excellent during the service; No case of CBI or other law enforcement agencies should
not be pending against the entity;
iii. RLC with sufficient means/resources/field experience will be considered for
empanelment.
4. Application for empanelment would be received only at Circle office/PLP concerned. The
Circle Head/PLP Head shall recommend the name(s) of eligible candidate to concerned ZM for
empanelment as RLC without insisting for obtaining police verification. However, in lieu of
police verification, Independent verification/due diligence w.r.t eligibility criteria in terms of
policy including visits should be done by bank officials in addition to self-declaration by RLCs
that no police complaint/case is pending against him.
5. Centre where MC/RLCs may be appointed: On PAN India basis.
6. Service Charges to be paid to MA/MC/RLC:
(Commission to be payable for loans of Rs. 10 Lakhs & above):
3. MA with sufficient means/resources/ field experience will be fluency in local dialect; Business per Month Payout Maximum
considered for empanelment. Further, the following factors are v. The retired staff already (% of Loan) Cap
also to be looked into while sending the recommendations for empanelled as Recovery Agent Upto Rs.0.25 Cr 0.35% Rs. 10 Lakhs
the empanelment of MA: --- by PNB may also be More than 0.25 Cr to 0.50 Cr 0.40% per
i. Past experience and competence to implement and support the empanelled as MCs; More than 0.50 Cr to 0.75 Cr 0.60% proposal
proposed activity over the contracted period; vi. He should not be working as More than 0.75 Cr to 2.00 Cr 0.70%
ii. Financial soundness and ability to service commitments even business sourcing agent for any More than 2.00 Cr to 5.00 Cr 0.75%
under adverse conditions; other bank/FIs for sourcing of More than 5.00 Cr to 10.00 Cr 0.80%
iii. Business reputation and culture, compliance, complaints and home loan leads; More than Rs. 10 Cr 0.90%
outstading/or potential litigation; vii. MC with sufficient means/
iv. External factors like political, economic, social and legal resources/field experience will ✓ The service charges will be paid on Monthly basis based on the business generated in the
environment of the jurisdiction in which the service provider be considered for previous month of respective FY w.e.f. 1 April 2022.
operates and other events that may impact service performance; empanelment. ✓ Service charge will be exclusive of all taxes, if any.
v. Ensuring due diligence by service provider of its employees; viii. Application for ✓ However, the payment of Service Charges for loan sanctioned upto 31.03.2022 will
vi. Wherever possible, the bank shall obtain independent reviews empanelment would be continue to be made as per existing structure i.e. on quarterly basis only.
and market feedback on the service provider to supplement its received only at Circle ✓ In case of loan takeover business, Service Charges will be 0.10 bps over & above the
own findings. office/PLP concerned. normal charges for per converted lead.
✓ However, it should be ensured that Bank from which the loan is being taken over has
4. Names of Center where Builders/Developers and their Sales initially sanctioned the loan and the loan is being taken over for the first time only by our
representatives may be empanelled as MA: Bank.
It has been decided to empanel Builders/Developers and their ✓ In no case commission to be paid for takeover of Home Loan to staff and their relatives.
Sales representatives as MA in the following cities/enters as ✓ 50% of the Service Charges shall be paid after 1st disbursement and remaining 50%
under: --- would be paid after making disbursement of 25% of Home Loan amount sanctioned.
✓ Further, ZOCAC & above have been empowered to allow 100% payment of the Service
i. Major ‘A’ class cities with their Urban Agglomerations: Delhi, Charges in case of RLCs, after 1st disbursement of Home Loan amount sanctioned
Mumbai, Chennai, Kolkata, Hyderabad, Ahmedabad, Bangalore. depending upon merits of each case/business opportunity and after fully satisfying
themselves. However, ZOCAC to ensure that minimum 10% of sanctioned loan is
ii. All State Capitals with their Urban Agglomerations. disbursed in each such case, before payment of Service Charges to RLCs.
✓ Payment shall be made by the concerned branch from where loan is disbursed
iii. Other centers with their Urban Agglomerations: Agra, irrespective of sanctioning authority.
Allahabad, Bareilly, Kanpur, Noida, Ghaziabad, Moradabad, ✓ Payment shall be made through bank account preferably maintained with PNB. TDS as
Meerut, Varanasi, Greator Noida, Surat, Vadodara, Haridwar, per prevalent Income Tax Act shall be deducted at source by the service charge paying
Burdwan, Gwalior, Indore, Jabalpur, Amritsar, Bhatinda, branch.
Jalandhar, Jodhpur, Karnal, Kashipur, Ludhiana, Patiala, Nagpur,
Pune, Nasik, Rohtak, Faridabad, Gurgaon, Mohali, Panchkula, 7. Performance review of MA/MC/RLC:
Bhilai, Jamshedpur, Cuttuck, Trivendrum, Madurai, Guntur, ✓ Performance of each MA/MC/RLC to be reviewed by Circle Heads on annual basis, and
Vijaywada, Coimbatore, Trichy, Warrangal. in-case no successful home Loan leads are generated by them for any two quarters
during the review period, they may be recommended for depanelment to Zonal Heads
iv. ZMs are permitted to add/delete the names of Centers by concerned Circle Heads.
within their Zones for empanelment of builders/developers and ✓ However, Credit Information (CIR) from CIC shall be drawn for RLCs before empanelment
their sale representatives as Marketing Associates (MA). and during the annual review of performance of RLCs.
✓ Further, the empanelment can be terminated from either side with notice period of
1 month.

19
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
13. EARNEST MONEY DEPOSIT SCHEME
1. PURPOSE: For meeting Earnest Money Deposit (EMD) requirements 9. GUARANTEE: Nil.
to apply for allotment of Plot/Flat/House under the Schemes floated
10. DISBURSEMENT: Full EMD
by State Housing Boards (SHB)/Urban Development Authorities
direct to the State Housing Boards
(UDA)/ Local Improvement Trusts.
/Urban Development
2. ELIGIBILITY: Individuals as well as Joint Owners. Authorities/Local Improvement
3. AMOUNT OF LOAN: 100% of EMD subject to maximum of Rs.15 L. Trusts along with application on
4. MARGIN: NIL behalf of borrower.
5. RATE OF INTEREST: RLLR + BSP + 0.25%. 11. LOANING POWERS:
✓ 6 months Interest on loan amount to be recovered upfront on Incumbents of authorized branches
refundable basis for completed month. (station-wise) as per orders of
✓ Further, to remain competitive, concerned Zonal Manager is Circle Heads after entering into
empowered to permit charging of upfront interest for a period MOU/Letter of Comfort with the
of less than 6 months but not below 3 months. State Housing Boards/Urban
Development Authorities/Local
6. NATURE OF LOAN: Demand Loan. Improvement Trusts.
7. SECURITY: The amount deposited with State Housing Board/Urban
Development Authority/Local Improvement Trust. Note: Loan above Rs.10 Lakh is to
be sanctioned by the linked PLP.
8. REPAYMENT:
To be adjusted in lump-sum on declaration of allotment process: Circle Head concerned (in whose
jurisdiction the Scheme is launched
i. In case of unsuccessful applicants - By Refund Order.
by the State Housing Boards/Urban
ii. In case of successful applicants eligible and interested for availing
Development Authorities/Local
Housing Loan under our existing Housing Loan Scheme for Public - By
Housing Loan. Improvement Trusts) is empowered
iii. In case of successful applicants not interested/eligible in raising to coordinate with Circle Heads of
Housing Loan - The Loan shall be adjusted by the applicant from own potential areas of other States, to
sources through Bullet payment. obtain list of nominated branches
In case of non-liquidation of EMD repayment - matter to be suitably proposed to be authorized for
taken with relevant State Housing Boards/Urban Development participating in the EMD Scheme
Authority/Local Improvement Trust. and its circulation.
Strictly Confidential :: For Internal Circulation Only
20
(RAD: 75/11.07.2022)
12. Upfront Fee & Documentation Charges: NIL
13. Other Terms & Conditions:
a. Nodal Branch be designated by the concerned Circle Head.
b. State Housing Boards/Urban Development Authorities/Local Improvement Trusts
to undertake to give Refund Orders/Allotment Letters/Forfeited amount in full to
our Bank subject to eligibility of the applicants for the proposed loan and future
requirement for housing loan under our existing Housing Loan Scheme for public.
c. Upfront recovery of interest for 6 months (refundable on complete month
basis) at the time of financing with one additional cheque for interest over &
above 6 months to be obtained. The Scheme may be accordingly publicized.
d. Post-dated cheque for full amount of loan be taken at the time of sanction of
loan.
e. Irrevocable Letter of Undertaking be obtained empowering the Bank to get the
allotment cancelled if the borrower fails to adjust EMD loan within 15 days from
the date of allotment.
f. Refund in case of unsuccessful applicants to be routed through the Nodal
Branch and in no case refunded to them directly.
In case of successful applicants, allotment letters are to be issued by the Authority
subject to “No Dues” from the Bank.
g. Loan to be adjusted in lumpsum on completion of allotment process by
refund/Housing loan/Bullet repayment.
h. All other suitable measures be taken for timely adjustment of EMD loan and
safeguarding Bank’s interest.
i. Individual loan accounts must be opened for different applications under the
EMD scheme instead of opening of one a/c for group of borrowers as it is not in
line with bank’s extant guidelines. Branches to strictly avoid opening single
consolidated account for group of borrowers and debit entire amount of EMD
finance in that account instead of opening separate accounts in the name of
individual applicant borrowers.
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
14. PMAY: “PNB Housing for All” -- Credit Linked Subsidy Scheme for EWS & LIG (CLSS-EWS & LIG) (RAD: 108/13.10.21, 38/08.04.22, 56/27.05.22)
1. PURPOSE: “Housing for All” Mission for urban area is being implemented 4. Loan Amt: 9. Credit Linked Subsidy:
during 2015-2022 (17.06.15 to 31.03.22) and this Mission will provide central Max Rs 30 L. Subsidy is available @ 6.50% for Max 20 years or tenure of the loan, whichever is
assistance to implementing agencies through States and UTs. Mission is being [For purchase of new earlier on loan amount upto Rs. 6 Lac with maximum Subsidy amount will be Rs
implemented as Centrally Sponsored Scheme (CSS) except for the component of dwelling unit/ 267280/-. Interest subsidy will be credited to loan account after receipt of the
Credit Linked Subsidy which will be implemented as a Central Sector Scheme. construction/addition of same from NHB. Additional loans beyond Rs. 6 Lac, if any, will be at non-
2. ELIGIBILITY: Affordable Housing through Credit Linked Subsidy: Interest rooms, kitchen, toilet etc subsidized rate. The Net present value of the interest subsidy will be calculated at
subsidy for EWS and LIG for new house or incremental housing: --- (for conversion from a discounted rate of 9%. Interest subsidy will be credited upfront to the loan
a) EWS: Annual Household Income upto Rs. 3 L and house size with carpet area kutcha/semi pucca to account of beneficiaries after receipt of the same from NHB. For loans sanctioned
upto 30 sq. mt; & pucca house) for existing upto 31.12.16, intt subsidy would be available for max loan tenure of 15 years.
b) LIG: Annual Household Income above Rs. 3 L and upto Rs. 6 L and house size dwelling units.] Subsidy will be released to the Bank by the NHB in maximum of 4 instalments.
with carpet area upto 60 sq. mt. Disbursement of loan in - All PMAY-CLSS claims in respect of housing loans sanctioned on or after
maximum 4 instalments. 26.12.2018 would require capturing the Aadhaar number or in its absence, the
Carpet Area: The carpet area of houses being constructed or enhanced under CLSS
Aadhaar enrolment number.
for EWS/LIG scheme should be upto 30 sq.mt. and 60 sq mt for EWS and LIG 5. Repayment:
respectively in order to avail of this credit linked subsidy. The beneficiary, at - The bank shall submit a consolidated utilization certificate on completion of the
Upto age of 70 years or housing unit within 1 year from the completion of construction or a Max of 36
his/her discretion, can build a house of large area but interest subvention would repayment period 30
be limited to the first Rs.6 Lacs of loan amount only. months from the date of disbursement of 1st instalment of the loan amount.
years, including
3. Beneficiary: The beneficiary family (comprise husband, wife and unmarried moratorium Period, - Central Nodal Agencies: HUDCO & NHB.
children) should not own a ‘pucca’ house (an all-weather dwelling unit) either in whichever is earlier. Our Bank has signed MOU with NHB.
his/her name or in the name of any member of his/her family in any part of India. 10. NMS/I Max. Deduction of NMS/I
6. ROI: As per HL to
An Affidavit to this effect is to be obtained. Up to Rs. 30000 40%
public scheme.
- The houses constructed/acquired with central assistance under the mission (Floating ROI only) >Rs. 30000 - Rs.50000 50%
should be in the name of the female head of the household or in the joint name of - Scheme Code- TLPHA; - Additional details in “ADPMAY’
the male head of the household and his wife, and only in cases when there is no 7. Margin:
Loan up to Rs 20 L- 10%, 11. Service Charges: -- Doc Chg: NIL;
adult female member in the family, the house can be in the name of male member
Loan ab Rs 20 L & upto - Processing Fee:
of the household.
Rs 30 L- 20%; HL upto 6 L --- NIL,
- This is applicable only for new purchases and not for new construction (on an HL Ab 6 L — As per HL scheme.
existing piece of land) or for enhancement/repairs of an existing house. (Cost. of stamp duty, - In lieu of processing fee, the bank would be given a lump sum amt of Rs 3000/-
- The male borrower may be allowed to include the name of female family registration etc. may be per sanctioned application.
member at later stage in registered title deed/sale deed, so that he can produce included for the purpose
12. As per Scheme Guidelines, the scheme was applicable up to 31.03.2022 and
the necessary documentation to PLIs for availing the benefits of CLSS. of calculating LTV ratio
loan applications financed till 31.03.2022 were to be entered in ADPMAY menu
in cases where the cost
- An adult earning member (irrespective of marital status) can be treated as a till 07.04.2022. We have received a communication from National Housing Bank
of house not exceed Rs.
separate household; Provided that he/she does not own a pucca house (an all- vide which timeline has been extended. All concerned to generate application ID
10 L)
weather dwelling unit) in his/her name in any part of India. In the case of a on CLAP Portal for all remaining accounts for claiming the PMAY - Credit Link
married couple, either of the spouses or both together in joint ownership will be 8. Security: EM/RM of Subsidy Scheme (Urban) For EWS/LIG Beneficiaries (CLSS-EWS & LIG) and enter
eligible for a single house, subject to income eligibility of the household. the property as per HL data in CBS through Menu ADPMAY as under: -
- Now, person with pucca house having built-up area less than 21 Sq. Mt may be scheme. As per Scheme Guidelines, the scheme was applicable up to 31.03.2022 and loan
included for enhancement of existing dwelling units upto 30 Sq. Mt. But, if applications financed till 31.03.2022 are to be entered in ADPMAY menu till
enhancement is not possible on account of Lack of availability of land/space or any 24.06.2022.
other reason She/He may get a house under PMAY (U) elsewhere.
21
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
15. PNB Saraswati: Education Loan Scheme for Pursuing Higher Education in India (RAD:62/09.06.2022)
1. Objective: To provide financial support to meritorious students for pursuing higher education in ii. Courses Eligible (Studies in India):
India. Main emphasis is that a meritorious student, though poor, is provided with an opportunity to a. Approved courses leading to Graduate/Post Graduate Degree and PG Diplomas conducted by
pursue education with the financial support from the banking system with affordable terms & recognized colleges/universities recognized by UGC/Govt./AICTE/AIBMS/ICMR etc.
conditions. b. Courses like ICWA, CA, CFA etc.
2. Eligibility Criteria: c. Courses conducted by IIMs, IITs, IISc, XLRI. NIFT, NID etc.
i. Student eligibility: d. Regular Degree/Diploma courses like Aeronautical, pilot training, shipping, Nursing or any other
a) Should be a Resident Indian. discipline approved by Director General of Civil Aviation/Shipping/State Nursing Council or any other
regulatory body as the case may be, if the course is pursued in India. (Powers for sanction of loan for
b) Should have secured admission to a higher education course in recognized institutions in India
Commercial Pilot License & Air Hostess will be vested with ZOCAC.)
through Entrance Test/Merit Based Selection process after completion of HSC (10+2).
e. Approved courses offered in India by reputed foreign universities.
However, for admission to some of the post graduate courses where admission is based on the
f. Courses as defined under various Government Subsidy Schemes.
work experience only, then criteria of selection based on entrance test or selection purely based on
g. CHCAC & above may consider financing following courses where pLacement record gives confidence
marks obtained in last qualifying examination shall not be applicable.
about employability: ---
c) While considering the eligibility: ✓ For studying part-time job-oriented courses (evening classes or otherwise), which are
✓ Where the student has obtained admission in eligible course through merit-based selection approved/recognized by the regulatory body/authority.
process, he/she could be considered meritorious. Generally, admission to professional and ✓ Job oriented specialized programmes like maritime courses which are offered in collaboration with
technical courses is through Common Entrance Tests and those who get admission through foreign institutions and may not be having recognition in India.
this process be considered meritorious.
✓ Where the admission is purely based on marks scored in last qualifying examinations, cut iii. Institutes of high repute and their courses which are not recognized be considered for education
off percentage of marks of 50% for SC/ST and 60% for other categories be considered. loan subject to their approval at the level of respective ZM and GM, RAD, HO jointly.
However, AGM RAM/iRAM & CHCAC & above may consider the cases on merit, where 3. Quantum of Finance: Need Based Finance to meet the expenses.
admission is purely based on marks scored in last qualifying exam and the applicant student
borrower has scored less than the stipulated cut-off marks of 50% for SC/ST and 60% for 4. Loaning Power: (in Rs. Lakh):
other category. Branch Heads Segment Head Incumbent RAM/iRAM CHCAC ZOCAC
For ascertaining Eligibility criteria: of GBBs RAM/iRAM (Collateral (Collateral
✓ All fresh sanction under education loan scheme for study in India to be based on the last 3 MMG-II, III, IV MMG-III SMG-IV SMG- IV SMG- V Coverage Coverage
years pLacement records of the institution/college Collateral Loaning > 100% but < > 100%)
(Not applicable in case of 1) Medical courses (eligible under the scheme) in Private/Govt. Coverage Power 150%)
Medical Institutes/Colleges, 2) All other courses (eligible under the scheme) in Govt. > 100% 50 L
institution/college and 3) Courses leading to selfemployment by Govt. institution/college). NIL 10 30 L 30 L > 150% 75 L 75 L 100 L
✓ In case of non-availability of last 3 years pLacement records of the institution/ college/course,
✓ Sanctioning authority for sanction of fresh education loans is vest with Segment Head PLP &
administrative clearance of CHCAC is to be obtained prior to sanction, who will give
above irrespective of loan amount.
administrative clearance on the basis of reputation of the institute/college and pLacement
✓ Any loan amount beyond Rs.100 Lakh will be considered by HOCAC-II & above on the merits of
records of last 3 years of similar courses offered by other institution/college in the same city.
the case.
✓ In case of new institution/course, employability and earning capacity to be taken care of by
comparing with similar courses offered from other institutions.
5. Margin:
✓ In case of new institutions/courses institutions/courses in existence for less than 3 years,
✓ Up to Rs. 4 Lakh: NIL, Above Rs. 4 Lakh: 5%
administrative clearance of CHCAC is to be obtained prior to sanction, who will give
✓ Scholarship/ assistantship be included in margin.
administrative clearance on the basis of pLacement records of last three years of similar
✓ Margin may be brought-in on year-to-year basis, as and when disbursements are made on a pro-
courses offered by other existing institution/college.
rata basis.
d) In case of admission under Management Quota, meritorious student who has qualified for a
seat under merit quota and chooses to pursue a course under Management Quota be considered
eligible for loan under the Education Loan Scheme PNB Saraswati.

22
6. Security: iv) General Notes for all Education Loan:
i) Upto Rs. 7.50 Lakh: a. Assignment of future income of the student for payment of installments to be taken in all the cases.
✓ No tangible Security and/or 3rd party guarantee be obtained. b. The loan documents should be executed by the student and the parent(s)/guardian as joint-
✓ Parent(s)/guardian be made joint borrower(s). borrower(s). c. In case of IP(s) being offered as Collateral Securities for sanction of Education Loan
✓ However, all eligible education loans up to Rs. 7.50 Lakh sanctioned on and after 16.09.2015 Sanctioning authorities must ensure enforceability of SARFAESI Act on such securities.
shall be covered under the Credit Guarantee Fund Scheme on Education Loan (CGFSEL). 7. Rate of Interest:
ii) Above Rs.7.50 Lakh: Parameter Rate of Interest for Rate of Interest for
✓ Parent(s)/guardian be made joint borrower(s). other Student female Student
✓ Tangible collateral security having minimum 100% of realizable value of loan amount. i. Loan upto Rs.7.50 Lakh (covered under CGFSEL Scheme) RLLR + BSP + 2.00% RLLR + BSP + 1.50%
iii) Education Loan to children of PNB’s Employees where employee is co-borrower are exempted ii. Loan upto Rs.7.50 Lakh sanctioned before 16.09.2015 (Not RLLR + BSP + 2.75% RLLR + BSP + 2.25%
for coverage under CGFSEL scheme. However, in such cases the security norms shall be as under: -- covered under CGFSEL Scheme & without collateral security).
a) Up to Rs. 7.50 Lakh: iii. Loan above Rs.7.50 Lakh RLLR + BSP + 2.75% RLLR + BSP + 2.25%
✓ No Security. Parent(s)/guardian be made joint borrower(s). iv. Loans irrespective of amount (where 100% tangible
b) Above Rs. 7.50 Lakh upto Rs. 30 Lakh: collateral security in the shape of IP, enforceable under RLLR + BSP + 2.00% RLLR + BSP + 1.50%
✓ No Security. Parent(s)/guardian be made joint borrower(s). SARFAESI Act, and/or liquid security is available)
c) Above Rs. 30 Lakh: v. Education Loan to children of PNB’s Employees where RLLR + BSP + 0.25% RLLR + BSP + 0.25%
✓ Parent(s)/guardian be made joint borrower(s). employee is co-borrowers.
✓ Tangible collateral security equivalent to additional loan sanctioned above collateral free limit 8. Scheme Code: TLRED - During Moratorium; TLEDU - After Moratorium.
only i.e. Rs. 30 Lakh. (For example, if staff has applied for Education Loan of Rs. 40 Lakh, then 9. Processing Charges/Upfront fee: NIL for education loans for studies in India.
collateral security equivalent to Rs. 10 Lakh is required). 10. Documentation Charges: As prescribed from time to time be recovered. (Presently, NIL).
16. PNB Pratibha: Education Loan Scheme For Students Getting Admission in Premier Institutes (RAD:62/09.06.22, 83/19.07.22)
1. Objective: To attract the students who get admission in Premier Institutes of the country into 4. Loaning Power: (in Rs. Lakh):
Bank’s fold. Students who secure admission in such Premier Institutes, which include (i) Branch Heads Segment Head Incumbent
Business Schools, (ii) Engineering Colleges, (iii) Medical Colleges and other reputed Institutes, of GBBs RAM/iRAM RAM/iRAM
are eligible to avail loan under the Scheme. MMG-II, III, IV MMG-III SMG-IV SMG-IV SMG-V
2. Student Eligibility: i. Should be a Resident Indian. NIL 80 100 100 100
ii. Secured admission in regular full time Degree/Diploma/PG Degree/PG Diploma courses of (Subject to Institute wise ceiling) #
Premium Institutes covered as per Annexure- A & B. ✓ Sanctioning authority for sanction of fresh education loans to vest with Segment Head PLP and
iii. For Part-time Post Graduate Programmes in Management for Executives offered by Indian above irrespective of loan amount.
Institute of Managements (IIM) at all centres. Etc. ✓ # CHCAC & ZOCAC have been vested with the powers to sanction higher amount of collateral free loan
up to a maximum of 30%(CHCAC) & 60%(ZOCAC) over and above the institute wise ceiling prescribed
3. Maximum Loan Amount:
for collateral free loan with nil margin for all institutes covered under PNB Pratibha scheme.
✓ Need Based Finance for studies in India, for students who get admission in any one of the
✓ Requirement of additional Education Loan for the same course, for which education loan has already
regular full time Degree/PG Degree/PG Diploma courses conducted by Premier
been sanctioned, be dealt with by taking it as a part of the original project and considered on merits by
Institutes as per Annexure A of RAD Cir 83/19.07.2022.
the competent authority within the vested powers under the Education Loan Scheme PNB Pratibha.
✓ The student can apply for collateral free loans with nil margin for the institute wise
✓ All IIMs & IITs, which have been opened in the recent past/get subsequently opened and their names
prescribed ceiling of collateral free loan amount as defined as per Annexure-A & B of RAD
are presently not included in the list of premier Institutes shall be pLaced in Annexure-A with ceiling of
Cir No. 83/19.07.2022.
Loan Amount of Rs 15 Lakh for students getting admitted in these Institutes.
✓ However, student who require loan amount more than prescribed limit of collateral free
loan amount are also eligible for loan under the scheme subject to nil margin in case of 5. Margin:
institutes mentioned in Annexure - A and 5% of margin in case of institutes mentioned i. In case of Institutes covered at Annexure ‘A’: Nil.
in Annexure – B & minimum tangible collateral security equivalent to additional loan ii. In case of Institutes covered at Annexure ‘B’: Nil upto collateral free loan amount & 5% on total loan
amount sanctioned above institute wise collateral free limit only for the institutes amount for loan above collateral free loan amount.
mentioned in Annexure - A & B. iii. For Courses mentioned in point no 2 (iii to vii): As per annexure ‘A & B’ for respective institutes.
✓ Further, as per the reputation of the institutes /individual merit of the case, CHCAC & iv. Scholarship/assistantship be included in margin.
ZOCAC may sanction higher amount of collateral free loan up to a maximum of 30% v. Margin may be brought-in on year-to-year basis as and when disbursements are made on a pro-rata basis.
(CHCAC) & 60% (ZOCAC) over & above the institute wise ceiling prescribed for collateral
free loan with nil margin for all institutes covered under PNB Pratibha scheme.

23
6. Rate of Interest: 9. Expenses considered for Loan amount:
Loans upto Rs. 7.50 Lakh - Students getting admissions in IITs, IIMs & XLRI Jamshedpur. RLLR + BSP + 1.15% 1. For Purchase of books/ equipments/ instruments/uniforms, purchase
Loans upto Rs. 7.50 Lakh - Students getting admissions in institutes other than IITs, IIMs & XLRI RLLR + BSP + 1.25% of computer at reasonable cost or any other expense required to
Jamshedpur. complete the course - like project work, thesis, etc., the maximum limit
Loans upto Rs. 7.50 Lakh - Student getting admission in IIMs, IITs, NITs, ISB Hyderabad, ISB Mohali, MDI RLLR + BSP + 0.50% for such expenses may be capped at 25% (previously 20%) of the total
Gurgaon & XLRI Jamshedpur. tuition fees payable for completion of the course.
Loans upto Rs. 7.50 Lakh - Student getting admission in institutes other than IIMs, IITs, NITs, ISB RLLR + BSP + 0.75% 2. Further, expenditure on study tours/ student cultural exchange
Hyderabad, ISB Mohali, MDI Gurgaon & XLRI Jamshedpur. programme shall be excluded from the capping of 25% (previously 20%).
Loans above Rs. 7.50 Lakh - Student getting admission in IIMs & IITs. RLLR + BSP - 0.70% 3. Two wheeler upto Rs. 1,00,000/- on submission of quotation. Payment
Loans above Rs. 7.50 Lakh - Student getting admission in IIMs, IITs, NITs, ISB Hyderabad, ISB Mohali, MDI RLLR + BSP should be made to dealer directly through NEFT. Hypothecation charge
Gurgaon & XLRI Jamshedpur. must be created as per existing guidelines applicable for two wheeler
Loans above Rs. 7.50 Lakh - Student getting admission in institutes other than IIMs, IITs, NITs, ISB RLLR + BSP + 0.25% loan. Copy of invoice is to be kept on record. ---- (New Addition)
Hyderabad, ISB Mohali, MDI Gurgaon & XLRI Jamshedpur. 4. Personal living expenses upto Rs. 1,00,000/- for courses upto 1 year
7. Scheme Code: TLRED - During Moratorium, TLEDU - After Moratorium. and Rs. 2,00,000/- for courses more than 1 year on declaration basis
8. Security: i. Co-obligation of parent(s)/guardian as joint co-borrower(s). without any receipts. (Payment to be done on quarterly basis). --- (New
ii. No collateral security to be insisted upon for the amount up to the prescribed limit as per Annexure-A & B. Addition)
iii. All eligible education loans up to Rs.7.50 Lakh sanctioned on and after 16.09.2015 shall be covered under the Credit
Guarantee Fund Scheme on Education Loan (CGFSEL). 10. Credit Life Insurance: Credit Life Insurance policy of the students
iv. In case of 3-year part-time weekend PG Diploma Programme in Business management for Working Executives and Business availing Educational Loan be taken mandatorily. However, in case of
Owners conducted by Xavier School of Management (XLRI), the clause of Coobligation of parent(s)/guardian as joint co- Education Loan is collaterally secured by liquid securities, the credit life
borrowers has been waived. insurance not be insisted upon. The insurance premium amount may be
v. The sanctioning authority may consider waiver of obtaining coobligation of parent(s)/guardian as joint co borrower(s) while made part of expenses considered for loan amount.
considering loans for PGPMAX Course pursued at ISB Hyderabad/ Mohali Campus.
GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
17. PNB Udaan: Education Loan Scheme for Pursuing Higher Education Abroad (RAD:62/09.06.2022)
1. Objective: To provide financial support to meritorious students for pursuing higher education f. Education loan to students for pursuing diploma & certificate courses other than aeronautical,
abroad. pilot training, shipping etc. from abroad, not otherwise covered under the Scheme may be
2. Eligibility Criteria: considered by incumbent RAM/iRAM and CHCAC & above, where the loan is backed by liquid
i. Student eligibility: security valuing 125% of loan amount in the shape of FDRs/NSCs/surrender value of Life Insurance
a) Should be a Resident Indian. Policies along with establishing the financial credentials of family members (either joint borrower or
b) Should have secured admission to a higher education course in recognized institutions abroad guarantor) subject to the condition that the said course(s) is recognized/accredited one.
through Entrance Test/Merit Based Selection process after completion of HSC (10+2 or equivalent). However, it be ensured that outstanding in the Education Loan account, at any point of time during
However, for admission to some of the PG courses where admission is based on the work experience entire tenor, does not exceed the value of available securities.
only, then criteria of selection based on entrance test or selection purely based on marks obtained in Further, AGM RAM/iRAM and CHCAC & above have been empowered to accord permission to
last qualifying examination shall not be applicable. consider such cases where loan is backed by mortgage of IP, enforceable under SARFAESI Act, having
c) While considering the Eligibility: -- realizable value of at least 200% of loan amount.
✓ Where the student has obtained admission in eligible course through merit-based selection iii. Further, in case of wards of staff members, Education Loan for Diploma/Certificate Courses for
process, he/she could be considered meritorious. studies abroad may also be permitted by incumbent RAM/iRAM and CHCAC & above subject to
✓ Where the admission is purely based on marks scored in last qualifying examinations, cut off availability of securities.
percentage of marks of 50% for SC/ST and 60% for other categories be considered. 3. Quantum of Finance: Need Based Finance, for studies abroad subject to the vested loaning power.
✓ However, AGM RAM/iRAM & CHCAC & above may consider the cases on merit, where admission 4. Loaning Power: (in Rs. Lakh):
is purely based on marks scored in last qualifying exam and the applicant student borrower has Branch Heads Segment Head Incumbent RAM/iRAM CHCAC ZOCAC
scored less than the stipulated cut-off marks of 50% for SC/ST and 60% for other category. of GBBs RAM/iRAM
For ascertaining Eligibility criteria: MMG-II, III, IV MMG-III SMG-IV SMG- IV SMG- V
✓ Sanctioning Authority to assess employability and earning potential in respect of courses leading Collateral Loaning
to be pursued by student borrower. Where Sanctioning Authority considers employability and Coverage Power
earning potential as unfavorable, the same requires concurrence of the CHCAC. > 100% 50 L
24
✓ Sanctioning authority to consider granting loans on the basis of invite/conditional offer letter. NIL 10 40 L 40 L > 150% 75 L 100 L 200 L
While granting loan on conditional offer letter, sanctioning authority to ensure that loan is ✓ Sanctioning authority for sanction of fresh education loans to vest with Segment Head PLP &
secured by tangible collateral security. (Note: Admission subject to tuition fees payment will not above irrespective of loan amount.
be considered as a conditional offer). ✓ Any loan amt beyond Rs.200 L will be considered by HOCAC-II & above on the merits of the case.
✓ In case of studies abroad, VISA to be obtained from the Student at the time of sanction. In case 5. Margin: Up to Rs. 4 Lakh – NIL. Above Rs. 4 Lakh - 15%
the Student is not able to submit the VISA at the time of sanction, the same must be obtained ✓ Scholarship/assistantship be included in margin.
before first disbursement. (Annexure: K & M) ✓ Margin may be brought-in on year-to-year basis as and when disbursements are made on a pro-
✓ However, CHCAC may consider the cases on merit to give permission for first disbursement rata basis.
before issuance of VISA for Education Loan above Rs 7.50 Lakh where loan is secured by tangible 6. Security:
collateral securities with condition to submit the VISA immediately on its issuance and no i) Upto Rs. 7.50 Lakh:  No tangible Security and/or 3rd party guarantee be obtained.
further disbursement in the account permitted till copy of VISA is submitted.  Parent(s)/guardian be made joint borrower(s).
ii. Courses Eligible: ii) Above Rs.7.50 Lakh:  Parent(s)/guardian be made joint borrower(s).
a. Graduation: For job oriented professional/technical courses offered by reputed universities/  Tangible collateral security having minimum 100% of realizable value of loan amount.
Institutes. b. Post graduation: MCA, MBA, MS, etc. c. Courses conducted by CIMA- London, CPA in iii) Education Loan to children of PNB’s Employees where employee is co-borrower are exempted for
USA etc. d. Courses as defined under various Government Subsidy Schemes. coverage under CGFSEL scheme. However, in such cases the security norms shall be as under:
e. Degree/Diploma courses* like aeronautical, pilot training, shipping etc. provided these are a) Up to Rs. 7.50 Lakh:  No Security.  Parent(s)/guardian be made joint borrower(s).
recognized by competent regulatory bodies in abroad for the purpose of employment in abroad. b) Above Rs. 7.50 L & upto Rs. 30 L:  No Security.  Parent(s)/guardian be made joint borrower(s).
(Powers for Sanction of loan for Commercial Pilot License and Air Hostess will be vested with ZOCAC.) c) Above Rs. 30 Lakh:  Parent(s)/guardian be made joint borrower(s).  Tangible collateral security
*Diploma Course and certificate courses shall not be covered under the eligible courses for study equivalent to additional loan sanctioned above collateral free limit only i.e. Rs. 30 Lakh. (For example,
abroad except as mentioned above. However, Post Graduate studies leading to PG Degrees and PG if staff has applied for Education Loan of Rs. 40 Lakh, then collateral security equivalent to Rs. 10 Lakh
Diplomas offered by reputed institutes/universities only are covered under the Education Loan is required).
Scheme PNB UDAAN.

7. Rate of Interest: 9. Processing Charges/Upfront fee: Upfront fee @1%with a minimum of Rs

Parameter Rate of Interest Rate of Interest 10,000/- be recovered and kept in sundry account which shall be refunded to the
for other student for female student debit of sundry after first disbursement has been made in the account towards
Loan upto Rs.7.50 Lakh (covered under CGFSEL Scheme) RLLR + BSP + 2.00% RLLR + BSP + 1.50% fee/other expenses sanctioned for Education loan ensuring that the student has
Loan upto Rs.7.50 Lakh sanctioned before 16.09.2015 (Not covered under CGFSEL RLLR + BSP + 2.75% RLLR + BSP + 2.25% taken admission and joined the institute. In case disbursement is not made in the
Scheme & without collateral security). account within 6 months from the date of sanction, the amount kept in sundry is
Loan above Rs.7.50 Lakh RLLR + BSP + 2.75% RLLR + BSP + 2.25% to be credited to the respective income head of the bank. An undertaking from
Loans irrespective of amount (where 100% tangible collateral security in the RLLR + BSP + 2.00% RLLR + BSP + 1.50% the borrower to this effect is to be obtained at the time of sanction.
shape of IP, enforceable under SARFAESI Act, and/or liquid security is available)
10. Documentation Charges: NIL
Education Loan to children of PNB’s Employees where employee is coborrower. RLLR + BSP + 0.25% RLLR + BSP + 0.25%
11. General:
8. Capability Certificate: Incumbents may also issue the capability certificate for students going abroad for higher studies.
i. In all Education Loan Accounts under PNB Udaan Scheme the Passport No. of
For this purpose, financial & other supporting documents may be obtained from applicant. (Some of the foreign
students be entered under Free Text 12 of MIS details of loan account.
universities require the students to submit a certificate from their bankers about the sponsors' solvency/financial
ii. For all Education Loan: Assignment of future income of the student for payment
capability, with a view to ensure that the sponsors of the students going abroad for higher studies are capable of meeting
of installments to be taken in all the cases.
the expenses till completion of studies).

GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)

18. Guidelines Common to All Education Loan Schemes: 1. PNB-Saraswati, 2. PNB-Udaan, 3. PNB-Pratibha (RAD:62/09.06.2022)
1. Re-imbursement of fees: Sanctioning Authority may permit reimbursement of fees paid by the 3. No Dues Certificate: No dues certificate need not be insisted upon as a pre-condition for
student/ guardian at the time of admission or subsequent stages within 6 months from the date of considering education loan. However, a declaration/an affidavit confirming that no loans are availed
payment of fees on individual merits of the case. Reimbursement after a period of more than 6 from other banks may be obtained.
months upto 1 year may be considered at AGM RAM/iRAM and CHCAC & above. 4. Minimum Age: There is no specific restriction with regard to the age of the student to be eligible for
2. Guidelines related to Rate of Interest: education loan.
i. Simple interest be charged during the Repayment holiday/Moratorium period. 5.Insurance: Credit Life Insurance policy of the students availing Educational Loan be taken
mandatorily. The insurance premium amt may be made part of expenses considered for loan amount.
ii. 0.50 % interest concession is permitted to female students for all Education Loan on sanctioned
25
amount. However, No interest concession shall be available to female students for pursuing courses 6. Disposal of Application: Education Loan applications have to be disposed of within a period of 4
under PNB Pratibha scheme & loans extended to children of PNB’s Employees where interest rate days for loans where mortgage is not required (For all cases), one week for loans where mortgage is
charged is RLLR+0.25% presently. required (cases of RAM/iRAM) and within two weeks (cases falling under the powers of CHCAC &
iii. Rebate of 1% in ROI shall be available for the interest charged during moratorium above) from the date of receipt of complete application.
period/repayment holiday i.e. full course period+1 year only subject to interest being regularly 7. Joint Borrower: Joint borrower should be parent(s)/guardian of the student borrower. In case of
serviced on monthly basis as and when debited during the entire repayment holiday married person, joint borrower can be spouse or the parent(s)/parent(s)-in-law. In case parent(s) are
period/moratorium period and regular repayment of EMI of loan is paid during the entire repayment not alive, grandparent(s) be taken as joint borrower(s).
period. The said 1% rebate in ROI be allowed at the time of closure of education loan. However, No 8. Loaning Powers: Loaning power for all education loan irrespective of loan amount, type of course
rebate of 1% shall be available for loans extended to children of PNB’s Employees where interest and type of borrower will be vest with Segment Head PLP & above.
rate charged is RLLR+0.25% presently & under PNB Pratibha scheme.
9. Confidential Report: i. Borrower: No CR be compiled as the loan application form will indicate the
iv. Where interest charged during the study plus moratorium period is not served regularly by the required information. ii. Guarantor(s)/Joint borrower(s): CR on PNB 282(C).
student from his/her own pocket and it is just adjusted due to interest subsidy release by the
10. PS Classification: Loans to individuals for educational purposes, including vocational courses, not
Government, in that case also rebate of 1% in ROI will not be given to student borrower.
exceeding ₹ 20 Lakh will be considered as eligible for PS classification w.e.f. 04.09.2020.
Authorities according to amount of Refund of Interest (For rebate of 1% in ROI): 12. Aadhar: Aadhaar is mandatory for student, wherever applicable as per Supreme Court decision.
Branch Head PLP Head CHCAC ZOCAC 13. PAN: If PAN is not available at the time of sanction, the same must be obtained before
Upto Rs. 0.50 Lakh Above Rs. 0.50 Lakh Above Rs. 1 Lakh Above Rs. disbursement of loan. However, obtention of PAN should not be made a pre-condition for sanction.
Upto Rs. 2 Lakh for LCB/ELCB Branch Head Upto Rs. 1 Lakh and Upto Rs. 2 Lakh 2 Lakh 14. VISA: Copy of Visa is required before first disbursement of Education Loan. However, CHCAC may
v. Penal interest @ 2% be charged, i.e., up to Rs. 25000/-: NIL and above Rs. 25000/-: 2% on the consider the cases on merit to give permission for disbursement before issuance of VISA for Education
default/irregular portio Loan above Rs 7.50 L where loan is secured by tangible collateral securities with condition to submit the
VISA immediately on its issuance and no further disbursement in the account permitted till copy of VISA is
submitted.
15. Appraisal/Sanction/Disbursement: 16. Repayment:
i. Applications will be received either directly at bank branches or through on-line mode i. Repayment of the loan will be in EMIs for a period of 15 years for all categories. (Excluding Repayment Holiday),
i.e. Vidya Lakshmi Portal. Branches to ensure that all the applications received at theirs ii. Repayment Holiday/Moratorium: Course period + 1 year.
are entered in Vidya Lakshmi Portal for further processing. In terms of extant guidelines
of the scheme, a VLP enrolment charge of Rs. 100/- (excluding applicable GST) is to be iii. If the student is not able to complete the course within the scheduled time for reasons beyond his control,
borne by the students whose application has been sanctioned & disbursed by the Bank. Sanctioning Authority may at his discretion, consider such extensions as may be deemed necessary to complete the
course up to maximum 3 times (maximum of 6 months at a time) during entire study period.
ii. Borrower/co-borrower/guarantor should not have any adverse credit history. No
Credit history or -1 should be considered as creditworthy Borrower/co- iv. If student is not able to repay the loan due to underemployment/unemployment, Sanctioning Authority may at
borrower/guarantor. In any case CIBIL score of Borrower/co-borrower/guarantor shall his discretion, consider such extension of time for repayment of loan maximum 3 times (maximum of 6 months at
not be below as prescribed in IRMD guidelines. Present guidelines are as under: --- a time) anytime during the entire life cycle of the loan.

✓ Acceptable CV (Credit Vision) Score: 650 & above.
✓ For considering loans to individuals whose CV score is less than 650, the
sanctioning authority at field level (i.e. Branch/ PLP/MCC) may consider the credit
facility (fresh/enhancement/additional) subject to fulfilment of following
conditions: --- • The aggregate amount of default except credit card default in
regard to all the credit facilities provided by the other banks/NBFCs should be less
than ₹25,000/-. • Default/irregularity should be at least 1 year prior to the date of
current application for fresh credit facilities. • Current CIBIL CV score of the
borrower shall not be below 550.
✓ However, CHCAC & above may consider the proposals in their vested loaning
powers having CV score below 650 on merits.
iii. Credit Information Report (CIR) is generated at the time of sanction. Further, CIR to
be generated post disbursement and in any case not later than disbursement of 2nd
instalment of the loan to ensure reflection of the education loan in CIR reports.
iv. While appraising the loan, the future income prospect of the student only will be
v. In case the student discontinues the course midway, appropriate repayment schedule be worked out in
consultation with the student/parent(s) subject to full and final repayment of loan by the borrower (s) within the
original repayment tenor/period.
Note: (Sanctioning Authority (Sanctioning Authority will be as per guidelines prevailing at the time of granting
moratorium period to the student) is empowered to permit extension in moratorium period up to maximum 3 times
(maximum of 6 months at a time). In deserving cases under reporting to Circle Head (in case of GBB sanction)/CHCAC
and above (in case of RAM/iRAM sanction). The Overall extended moratorium period to a student should not be more
than 18 months during entire life cycle of the loan.
vi. Sanctioning Authority may consider telescoping of the repayment with stepped up installment with passage of
time over the repayment period in cases where salary levels at the start of the career do not facilitate comfortable
payment of EMI.
17. Extension in Repayment Period:
A) Existing Education Loan borrowers, who had availed Education Loan with a repayment period upto 10 years
shall have the opportunity of getting the repayment period extended upto 15 years, as the case may be, and the
same shall not be treated as restructuring.
B) The powers for allowing such extension in repayment period under Education Loan Scheme to the existing
26
looked into. Education Loan borrowers have been vested with respective Sanctioning Authority.
v. Authority for Rejection of Education Loan application:
All Incumbents to ensure that: ---
Sanctioning Authority Authority for Rejection
i. Extension, if any, in ‘repayment period’ is (a) need based; and (b) is allowed only after taking into account the
GBB Circle Head
repaying capacity of the borrowers;
Segment Head At PLP PLP Head
ii. Extension is allowed only in Education Loan accounts, which are ‘standard’ in the books of Bank as on the date of
PLP Head/PLP-CAC/MCC CHCAC
allowing such extension;
CHCAC ZOCAC
iii. Such Extension in Repayment Period is not allowed with retrospective effect;
vi. Loan application will be accepted by the branch nearest to the residence of
iv. Such accounts are not treated as restructured accounts.
parent(s). Loan to be processed by the PLP/Branch nearest to the pLace of residence of
v. Total Repayment Period (i.e. before and after allowing such extension) not to exceed the maximum permissible
the parent(s) of the student. However, for sanctioning and disbursement at a
‘Repayment Period’ allowed under the Scheme;
PLP/Branch other than the said PLP/Branch, Zonal Manager of the respective Circle can
vi. Request for extension in Repayment period from the Education Loan borrowers is obtained and held on record;
consider the same on the merits of individual case, keeping in view the genuineness,
vii. Charges for change in terms & conditions of sanction are recovered in terms of IRMD L & A Circular 93/2020
accessibility and aspect of recovery of loan.
dated 26.05.2020 and subsequent circular issued on the subject matter from time to time. The present guidelines
vii. Normally, loan application will be accepted by the branch nearest to the residence
are as under: “The Charges for Amendments/Modifications of Accepted Sanction Terms, shall be 0.02% of loan
of parent(s). However, the sanction of loan will be as per delegation of powers. Loan to
amount (Minimum Rs.1,000/- and Maximum Rs. 5 Lakh).”
be processed by the PLP/Branch nearest to the place of residence of the parent(s) of
viii. Following documents be obtained at the time of allowing such extension in repayment period:
the student. However, for sanctioning and disbursement at a PLP/Branch other than the
i) Supplementary Agreement (in case of student borrower being ‘Major’), ii) Supplementary Agreement (in case of
said PLP/Branch, ZM of the respective Circle can consider the same on the merits of
student borrower being ‘Minor’), iii) Consent of Guarantor, wherever applicable.
individual case.
18. Sanction of Loan to more than one child from the same family: 22. “A” rated Universities, Colleges and Technical Institutions:
✓ Any number of applicants belonging to the same family may be sanctioned loans Under PNB Saraswati, the bank should extend education loan to “A” rated Universities, Colleges and Technical
upto Rs. 7.50 Lakh individually without insisting for any security/guarantee. Institutions as per rating given by NAAC in a hassle-free manner. However, education loans to other than “A”
✓ The loan is to be mandatorily covered under CGFSEL scheme. rated Universities, Colleges and Technical Institutions are also eligible under the scheme. The list of “A” rated
✓ For education loan to children of PNB’s Employees, where employee is co- Universities/Colleges/Institutions is available at the website of NAAC www.naac.gov.in.
borrower, any number of applicants belonging to the same staff member may be However, in case the name of any such institution is already appearing in the list of the institutes covered under
sanctioned loans upto Rs. 7.50 Lakh individually without insisting for any “PNB PRATIBHA”, the provisions of PNB PRATIBHA shall continue for such Institutes. Zonal Manager shall
security/guarantee. designate a branch/branches to facilitate sanction of these loans other than the branch(es) near to the residence
19. Top-up/Second Education Loan: of Parent(s) of student borrower and enter into tie-up arrangements with the institutions so as to ensure single
✓ Top-up Loan can be permitted for pursuing higher education. The same shall be window service to the students of these institutes.
permitted both during the moratorium period of first education loan and even after 23. Branches to capture the course details through “EDULOANM” menu in CBS.
the expiry of moratorium period for first loan and its repayment has been started. 24. Post Sanction Supervision:
✓ In cases, where existing Education Loan has been sanctioned by RAM/iRAM & i. The Bank shall reserve the right of giving loan under Education Loan Scheme to any student borrower or
above, the powers to consider top up loan shall also be vested with RAM/iRAM continue/discontinue the yearly disbursement to a borrower under the Education Loan Schemes.
(scale IV & above) & above, i.e. sanctioning authority of existing education loan, ii. Students to submit progress report at regular intervals. In case of studies abroad, student to submit the Social
irrespective of the amount of top up loan. However, in cases where existing Security Number (SSN)/Unique Identification Number (UIN)/Identity Card and banks to note the same in
Education Loan has been sanctioned by Branch, the Top-up loan is to be considered records. (electronically wherever possible)
by RAM/iRAM (scale IV & above) & above within vested loaning power. iii. The Aadhaar number issued by UIDAI be captured in bank’s system.
The repayment of loans will commence after completion of the second course and iv. Student to submit the employment details after the completion of the course. An undertaking from the
further moratorium period as provided under the scheme. student/parent(s) be taken on the above point at the time of documentation of the loan.
20. Takeover: Takeover is permitted from other Banks/FIs Subject to commencement of 25. Treatment of interest accrued during moratorium period in case of account becoming NPA: Interest accrued
repayment (i.e. takeover is not permitted during the moratorium period). during ‘repayment holiday period on Education Loans is added to the principal and repayment in EMIs is fixed
21. In-Principle Sanction Letter: To facilitate the prospective Education Loan borrowers accordingly. As such, there may not be any reversal of interest accrued during the “repayment holiday period’ if
who are interested in knowing what amount of loan he is entitled and to help them to take an education loan account based on ‘IBA Model Education Loan Scheme’ becomes NPA.
a decision for admission to an institute/college, “Provisional Sanction Letter’ may be 26. Tracking of Student after completion of the course be coordinated with the Educational Institutions. Help of
issued to the student by the sanctioning authority under PNB Saraswati & PNB Pratibha Alumni Forums of Educational Institutions be also taken for valuable feedback.
Only. It shall be valid for a period of 3 months from the date of its issue. An applicable 27. Change of Address: In order to safeguard bank’s interest, the permanent address of the student borrower be
processing fee, if any, is to be recovered from the customer who approaches the Bank for captured besides obtaining his present address in the loan application form and the same shall also be got
‘In-Principle Sanction Letter’. confirmed from the records available at the educational institution concerned.

27
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
19. PNB Kaushal: Education Loan Scheme for Pursuing Skill Development Courses (RAD:91/06.08.2022)
1. Objective: To provide financial support to individuals who intend 3. Quantum of Finance: Minimum: Rs.5000/-, Maximum: Rs.150000/-
to take up skill development courses, as required by the institution/ 4. Re-imbursement of fees: Sanctioning authority may permit reimbursement of fees paid by the student/guardian at the time of
organization running the course eligible under the scheme. admission or subsequent stages within 6 months from the date of payment of fees on individual merits of the case. Reimbursement
2. Eligibility: after a period of more than 6 months upto 1 year may be considered at AGM RAM/iRAM and CHCAC & above level.
i. Student eligibility: a. Should be a Resident Indian. 5. Margin: NIL
b. Student who has secured admission in a course run by ITIs, 6. Security:
Polytechnics or in a school recognized by central or State education i. No tangible Security and/or 3rd party guarantee be obtained.
Boards or in a college affiliated to recognized university, training ii. Parent/guardian be made joint borrower (s).
partners affiliated to National Skill Development Corporation iii. However loan sanctioned on and after 15.07.2015 shall be covered under CGFSSD.
(NSDC)/Sector Skill Councils, State Skill Mission/ Corporation, iv. The education loan to children of PNB’s employee where employee is either co-borrower or guarantor has been made optional for
preferably leading to a certificate/diploma/degree issued by such coverage under CGFSSD scheme.
organization as per National Skill Qualification Framework (NSQF). 7. Rate of Interest:
ii. Courses Eligible: Sr Parameter ROI for other students ROI for female student
a. Vocational/Skill development courses of no minimum course i Loan up to Rs. 1.50 Lakh (Covered under CGFSSD) RLLR + BSP + 1.50% RLLR + BSP + 1.00%
duration, run by above said institutes. ii Education Loan to children of PNB’s Employees Under CGFSSD Option RLLR + BSP + 0.65% RLLR + BSP + 0.65%
b. Institutes of high repute and their courses which are not recognized to where employee is either co-borrower or guarantor Others RLLR + BSP + 0.25% RLLR + BSP + 0.25%
be considered for Education Loan are to be approved at the level of NOTE: i. Simple interest be charged during the Repayment holiday/Moratorium period.
respective ZM & GM, RAD HO jointly. The approval by GMs shall be ii. Rebate of 0.50% in ROI is permitted to women beneficiaries.
based on recommendations of the Circle/RAM/iRAM based on: (a) iii. 1% concession in ROI shall be available from the date of first disbursement of the loan subject to interest being serviced on monthly
PLacement record; (b) campus/availability of required infrastructure; (c) basis as and when debited during the repayment holiday moratorium period i.e. full course period + 1 year or 6 months after getting
faculty structure; (d) age of the institute; (e) size of enrolment; (f)
the job whichever is less. The said 1% concession in ROI be allowed at the closure of education loan for tenure of the loan, if interest is
Promoters’ Profile; (g) Market/Industry acceptability; (h) Fee structure;
serviced promptly as and when applied during the moratorium period including course duration and regular repayment of loan is made
and (i) tracking system.
during the repayment period. Further, where interest charged during the study plus moratorium period is not served regularly by the
c. As per IBA “Indian Nursing Council has no authority to grant
student from his/her own pocket and it is just adjusted due to CSIS interest subsidy release by the Government, in that case also 1%
recognition to the institutions imparting Nursing Courses in India and
interest concession will not be given to student.
Bank/Financial Institutions cannot insist on the said Recognition for
iv. The ROI at any time is not below MCLR/RLLR of bank after providing all concessions in ROI.
advancing educational loan to students intending to purse Nursing
v. Penal interest @ 2% be charged, i.e., up to Rs. 25000/-: NIL and above Rs. 25000/-: 2% on the default/irregular portion.
Courses”. Recognition from Indian Nursing Council should not be
8. Repayment: i. Loans upto Rs. 50,000 ----- Upto 3 years
insisted upon for advancing education loan to students intending to
ii. Loans between Rs. 50,000 to Rs 1 Lakh ----- Upto 5 years
pursue Nursing Courses.However, the recognition by the concerned
iii. Loans above Rs. 1 Lakh to Rs. 1.50 Lakh------ Upto 7 years
State Council and affiliation by the concerned University may be
9. Repayment holiday/Moratorium: Upon completion of the course, repayment to start after a moratorium period as indicated below: -
obtained for extending the education loan.
-- i. For courses of duration upto 1 year ---- 6 months from the completion of the course.
iii. For ascertaining Eligibility criteria:
ii. For courses of duration above 1 year ---- 12 months from the completion of the courses.
i. Sanctioning Authority to assess employability & earning potential
✓ If the student is not able to complete the course within the scheduled time for reasons beyond his control, Sanctioning Authority may at
in respect of eligible courses. Where Sanctioning Authority considers
his discretion, up to maximum 3 times (maximum of 6 months at a time) during entire study period.
employability and earning potential as unfavorable, the same ✓ If student is not able to repay the loan due to underemployment/unemployment, Sanctioning Authority may at his discretion, consider such
requires concurrence of the CHCAC. ii. The assessment of extension of time for repayment of loan maximum 3 times (maximum of 6 months at a time) anytime during the entire life cycle of the loan.
employability & earning potential be done on the basis of average ✓ Sanctioning Authority is empowered to permit extension in moratorium period up to maximum 3 times (maximum of 6 months at a time).
salary offers/drawn by the students on completion of such courses In deserving cases under reporting to Circle Head (in case of GBB sanction)/CHCAC (in case of PLP sanction). The Overall extended
and be formed part of the appraisal note at the time of sanction. moratorium period to a student should not be more than 18 months during entire life cycle of the loan.
iv. Expenses considered for loan: a. Tuition/course fee. b.
10. Credit Information Report (CIR): CIR is generated at the time of sanction. Further, CIR to be generated post disbursement and in any
Examination/ Library/Laboratory fee. c. Caution deposit. d. Purchase
case not later than disbursement of 2nd instalment of the loan in all education loans to ensure reflection of the education loan in CIR.
of books, equipments and instruments. e. Any other reasonable
expenditure found necessary for completion of the course. 11. Processing Charges/Upfront fee & Documentation Charges: Nil

28
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
20. PNB HONHAAR: Education Loan Scheme for Pursuing Higher Education & Skill Development Courses in Delhi
1. Objective: The Higher Education and Skill Development Guarantee Scheme outlined
below aims at providing financial support from the banking system to meritorious
students for pursuing higher education in Delhi with reasonable and affordable T&C.
2. Eligibility:
i. Student eligibility: a. Should be a Resident Indian.
b. Students who wish to pursue diploma or degree or specified skill development courses
in Delhi and have done their Class-X and Class –XII from Delhi.
c. Students who are children of employees of Govt. of NCT of Delhi or
Officials/government servants who are posted with the Govt. of NCT of Delhi are also
eligible under this scheme.
d. The student should have secured admission to a higher education course or specified
Skill development courses (diploma or degree including bachelors, Masters and Doctoral
Degree) in recognized institutions in Delhi through Entrance Test/Merit Based Selection
process after completion of Secondary Examination/Senior Secondary
Examination/required qualifying examination.
e. The guarantee would be available for loans for all recognized diploma/degree courses
from Government Institutions/Universities and constituent colleges of University of Delhi.
It would also be available for Private/Self-financed Institutions located in Delhi having
National Assessment and Accreditation (NAAC)/National Board of Accreditation
(NBA)/State Fee Regulatory Committee (SFRC) grading. The department will persuade all
the Private Institutions to get accreditation from NAAC/NBA.
f. It would also be available for Institutions of Technical/Training Skill Development such
as courses by World Class Skill Centre or any other technical training/skill development
institutions specified by the Government of NCT of Delhi.
g. Other reputed and recognized Institutions may be considered on the basis of
employability.
h. The Private Institution in which admission has been secured should have NAAC/NBA
grading. Since presently all institutions do not have NAAC/NBA grading, SFRC grading will
also be considered for a limited period. For private institutions having NAAC/NBA
accreditation, minimum grade of A or B is required.
i. It would be in order for banks to consider a meritorious student (who qualifies for a seat
under merit quota) eligible for loan under this scheme even if the student chooses to
pursue a course under Management Quota.
ii. Courses Eligible for Studies in DELHI:
a. Approved courses leading to graduate/PG degree and PG diploma conducted by
recognized colleges/universities recognized by UGC/Government/AICTE/AIBMS/ ICMR etc.
b. Courses like ICWA, CA, CFA etc.
c. Courses conducted by IIT, NIFT, NLU, IIFT etc.
d. Regular Degree/Diploma courses like aeronautical, pilot training, shipping, including
those run by Polytechnics etc. Degree/diploma in nursing, physiotherapy or any other
discipline approved by Director General of Civil Aviation/Shipping/Indian Nursing Council
or any other regulatory body as the case may be, if the course is pursued in Delhi.
e. Skill Development Courses as may be specified by Govt. of NCT of Delhi.
(RAD:92/06.08.2022)
3. Quantum of Finance: Need based finance, Maximum upto Rs. 10 Lakh.
i. All eligible education loans under the scheme PNB HONHAAR up to Rs 7.50 Lacs are to be covered under the
Credit Guarantee Fund Scheme for education loans (CGFSEL) of NCGTC and guarantee fees shall not be
recovered from the student (borrower).
ii. However, loans above Rs 7.50 Lakh & up to Rs 10 Lakh will be covered under the scheme of Govt. of NCT of
Delhi. The Guarantee fee shall be borne by the borrower in such cases.
iii. Education loans above Rs. 7.5 Lakh & upto Rs. 10 Lakh and loans in respect of Private Institutions which
presently do not have NAAC accreditation as required under Govt. of India scheme but have SFRC grading of A+ or
A and otherwise satisfy the requirements under the scheme of Govt. of NCT of Delhi will be covered under this
scheme.
4. Margin: Upto Rs. 10 Lakhs: Nil
5. Security:
✓ Upto Rs. 10 Lakhs: Parent(s)/legal guardian to be joint borrower(s).
✓ No Collateral securities/third party guarantee is required.
6. Rate of Interest: RLLR + BSP + 2.00%
Simple interest is to be charged during the study period and upto commencement of repayment.
7. Repayment: Repayment Holiday/Moratorium: Course period + 1 year.
Repayment of the loan will be in EMIs for a period of 15 years for all categories (Excluding Repayment Holiday).
✓ If the student is not able to complete the course within the scheduled time for reasons beyond his control,
Sanctioning Authority may at his discretion, up to maximum 3 times (maximum of 6 months at a time) during
entire study period.
✓ If student is not able to repay the loan due to underemployment/unemployment, Sanctioning Authority may
at his discretion, consider such extension of time for repayment of loan maximum 3 times (maximum of 6
months at a time) anytime during the entire life cycle of the loan.
✓ In case the student discontinues the course midway, appropriate repayment schedule be worked out in
consultation with the student/parent(s) subject to full and final repayment of loan by the borrower(s) within
the original repayment tenor/period.
✓ Sanctioning Authority is empowered to permit extension in moratorium period up to maximum 3 times
(maximum of 6 months at a time). In deserving cases under reporting to Circle Head (in case of GBB
sanction)/CHCAC (in case of PLP sanction). The Overall extended moratorium period to a student should not
be more than 18 months during entire life cycle of the loan.
8. Guarantee Fee: Annual Guarantee Fee (AGF) of 0.5% of the outstanding amount as on the date of application
of the guarantee cover shall be paid upfront within 30 days from the date of Credit Guarantee Demand Advice
Note (CGDAN) of guarantee fee. All subsequent AGFs shall be paid on the basis of the outstanding loan amount as
at the beginning of the FY.
The Guarantee fee shall not be recovered from the student (borrower) up to sanctioned limit of Rs 7.50 Lakh, but
the Guarantee fee shall be borne by the borrower for loans sanctioned above Rs 7.50 Lakh to Rs 10 Lakh.
9. Loan Application: Students may submit their loan application either at the bank branches near the residence of
parents or near to the educational institution.
10. Other Conditions: Same as other Education Loan schemes.
29
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
21. PNB Pravasi Shiksha Loan: Education Loan Scheme for OCI/Overseas Citizenship by Birth for Higher Education in India (RAD:93/06.08.2022)
1. Objective: Based on the recommendation of IBA, PNB has 7. Loan Amount: Need based. 21. Scheme Code: (Term Loan)
formulated a new education loan scheme “PNB-PRAVASI SHIKSHA 8. Expenses considered for loan: TLOED: During moratorium period,
LOAN” for providing financial support to meritorious students ✓ All the expenses required to complete the courses including one time to and fro TLEDO: After moratorium period (will be
who are overseas citizens of India (OCI)/ students who were born travel expense to India. changed after using the menu HLARA in
abroad (overseas citizenship by birth, when parents were on CBS).)
✓ Hostel accommodation offered by the Institute be included.
deputation with Foreign Government/Government agencies or 22. Insurance Cover: Life Insurance Cover is
✓ Expenses for outside accommodation other than that provided by college/university
International/Regional agencies etc. and now studying in India mandatory upto an amount equivalent to
will not be considered.
after repatriation of their parents) for pursuing higher education total loan amount including interest accrued
in India only. 9. Credit Information Report (CIR): CIR of NRI Individuals may be drawn from the external
during repayment holiday.
agencies providing the facility of credit score.
2. Eligibility: Overseas citizen of India (OCI)/students who are born 23. Upfront Fee: 1% of loan amt, Min
to Indian parents during their stay abroad (overseas citizenship by 10. PNB Score: A separate variant “PNB Pravasi Shiksha Loan” is available under existing
Rs.10000 + GST (Non-refundable)
birth, when parents were on deputation with Foreign score model.
Government/Government agencies or International/Regional 24. Document charges: Rs. 450 + GST
11. Margin: 20%
agencies etc. and now studying in India after repatriation of their 25. Passport is mandatory. In case of OCI
12. Rate of interest: RLLR + BSP + 2.15 %
parents) and should have secured confirmed admission for a borrowers OCI card is mandatory.
(Simple ROI will be charged during the repayment holiday)
higher education course in identified institutions in India. 26. The Loan amount not to be remitted
13. Interest Table Code: EDPSR
(Previously Persons of Indian Origin (PIO) was also eligible under outside India.
the scheme, now PIO will not be eligible for availing education 14. Penal Interest: @ 2% on the default/irregular portion above Rs.25000/- to be
27. Disposal of Application:
loan facility under the scheme). charged as applicable to retail advances.
Education Loan applications have to be
3. Co-borrower: Not applicable 15. Guarantee: Guarantee of Person(s) who is/are offering IP in India or Liquid Security as disposed of within a period of 4 days for
Collateral Security for the loan is mandatory. loans where mortgage is not required (For
4. Courses eligible:
✓ Full time regular Graduate/Post Graduate/Diploma 16. Security: all cases),
(equivalent to Degree)/Executive Courses. ✓ EM/RM of IP in India in the name of Guarantor(s) with value at least 125% of loan one week for loans where mortgage is
✓ Part time/Research/Certificate Courses are not allowed. amount (IP must be other than agricultural or plantation property or farm house). required (cases of PLP) and within two
OR weeks (cases falling under the powers of
5. Age criteria: Minimum age limit - 18 Years. ✓ Liquid Security with value at least 125% of loan amount, in the shape of pledge of CHCAC & above) from the date of receipt of
6. Sanctioning Authority: Govt Security, NSCs, KVPs, IVPs/PSU Bonds (where interest is being serviced complete application.
A) Proposals for Education Loan under the scheme forwarded by regularly)/Bank's FDR/LIC Policies (surrender value) etc. 28. Re-imbursement of Fees: Not
overseas offices are to be received centrally at iRAM Delhi (6666- 17. Disbursement: permitted.
Karol Bagh). The applications will be sent to the branch offices ✓ Education loan is to be disbursed in the shape of term loan as per the convenience of
29. Loan to more than one child from the
authorized to deal in foreign exchange or the branches permitted the applicant concerned, at branches authorized to deal in foreign exchange or the same family: Permitted.
by circle head by post/courier, as per the convenience of the branches permitted by circle head.
applicant concerned. 30. Top up loan: To be considered on merits
✓ The amount of loan to be disbursed in stages as per requirement/demand, directly to
(depending on the case) at level of PLP &
B) Education loan proposals, received directly by the inland the institutions as per terms of sanction.
above taking into account the absolute
branches, will be processed and sanctioned as under: ✓ The loan amount not to be credited to non-resident external (NRE)/foreign currency
threshold exposure and performance of
1. PLPs & above will sanction loan proposals received through non-resident Bank (FCNR (B)) accounts of the borrower.
student.
GBBs. However, disbursement will be done in the below ✓ The loan amount not to be remitted outside India.
mentioned category of the branches only: 31. Institutes covered: 138 Identified
18. Repayment Period: Max 10 years (excluding moratorium period)
✓ All the branches authorized to deal in foreign exchange Educational Institutes in India (list at
19. Repayment Holiday/Moratorium Period: Course Period + 6 M Annexure E).
(Category A & B).
✓ Category-C branches permitted by Circle Head. 20. Repayment mode: In EMIs, out of remittances from outside India through normal
banking channels or by debit to NRE/FCNR (B)/NRO A/Cs.

30
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
22. Launch of New Scheme: Education Loan Scheme for Pursuing Higher Education in India under PM Cares for Children Scheme
(RAD:109/22.09.2022)
1. Background: 5. Eligibility: 6. Courses Eligible (Studies in India):
✓ IBA has informed that the Hon’ble PM of India has launched the “PM CARES for ✓ All children who have lost Both parents or Surviving ✓ All Approved courses under PNB Saraswati
Children” scheme on 29.05.2021 which aims to support children who have lost both parent or Legal guardian/adoptive parents/single scheme including Certificate courses.
the parents or legal guardian or adoptive parents or surviving parent to COVID-19 adoptive parent Due to COVID 19 pandemic, starting 7. Joint Borrower:
pandemic during the period starting from 11.03.2020. from 11.03.2020 the date on which WHO has ✓ Joint borrower is not mandatory.
✓ IBA has further informed that as a part of the scheme, related to assistance for higher declared and characterized COVID-19 as pandemic ✓ However, for loans above Rs. 7.50 Lakh
Education, the identified beneficiary of the scheme will be assisted in obtaining till 31.12.2021, shall be entitled to benefits under where collateral is taken, guarantee of
education loan for professional courses/higher education. this scheme. property owner(s) is required as per scheme
✓ The Joint secretary (Scholarships) has been nominated as the nodal officer of the ✓ Child should not have completed 18 years of age on guidelines.
Department of Higher Education, Ministry of Education for PM CARES for Children the date of death of parents.
Scheme. ✓ Should be a Resident Indian. 8. Quantum of Finance:
✓ Accordingly, PNB has launched new scheme “Education Loan scheme under PM ✓ Should have secured admission to a higher education ✓ Need Based Finance
CARES for Children Scheme”. course in recognized institutions in India through ✓ to meet the expenses be considered (taking
Entrance Test/Merit Based Selection process after into account the prescribed Margin),
2. Objective:
completion of HSC (10 plus 2 or equivalent). ✓ for studies in India subject to the vested
✓ To ensure comprehensive care and protection of children who have lost their
✓ However, for admission to some of the post graduate loaning power of PNB Saraswati scheme.
parents(s) to COVID pandemic, in a sustained manner, enable their wellbeing through
health insurance, empower them through education and equip them for self- courses where admission is based on the work 9. Rate of Interest:
sufficient existence with financial support on reaching 23 years of age. experience only, then criteria of selection based on Parameter Rate of Interest
✓ The “PM CARES for children” scheme provides support to these children through entrance test or selection purely based on marks for ALL
convergent approach, gap funding for ensuring education, health, monthly stipend obtained in last qualifying examination shall not be Students
from the age of 18 years, and lump sum amount of Rs.10 Lakhs on attaining 23 years applicable. i. Loan upto Rs.7.50 Lakh RLLR + BSP +
of age. While considering the eligibility: --- (covered under CGFSEL Scheme) 0.25%
✓ Where the student has obtained admission in ii. Loans irrespective of amount
3. Period: eligible course through merit based selection (where 100% tangible collateral RLLR + BSP +
✓ The eligible children shall be enrolled from 29.05.2021 (date of announcement of process, he could be considered meritorious. security in the shape of IP, 0.25%
Hon’ble PM) to 31.12.2021 to avail benefits of the “PM CARES for Children” scheme. Generally, admission to professional and technical enforceable under SARFAESI Act,
✓ The list of eligible beneficiaries will be shared by the Ministry of Education (MOE) courses is through Common Entrance Tests and and/or liquid security is available)
once they are received from the nodal Ministry, i.e., Ministry of Women and Child those who get admission through this process be iii. Loan above Rs.7.50 Lakh RLLR + BSP +
Development (MoWCD). considered meritorious. (Where ZM has waived the 100% 0.75%
✓ The Scheme is expected to continue till the year when every identified beneficiary ✓ Where the admission is purely based on marks security criteria as per vested
shall turn 23 years of age. scored in last qualifying examinations (10 plus 2 or loaning power)
4. Assistance for Higher Education: equivalent), cut off percentage of marks of 40% for Note: No further concession would be given to any
✓ The child will be assisted in obtaining education loan for Professional course/Higher SC/ST and 45% for other categories be considered. student borrower under this scheme. Further, no
Education in India. ✓ However, AGM PLP and CHCAC & above may rebate of 1% shall be available under this scheme.
✓ Under circumstances where beneficiary is unable to avail interest exemption from consider the cases on merit, where admission is 10. Scheme Code: TLRED - During Moratorium;
extant Central and State Government scheme, then the interest on the educational purely based on marks scored in last qualifying exam TLEDU - After Moratorium.
loan will be paid from “PM CARES for Children” scheme. (10 plus 2 or equivalent) and the applicant student 11. In order to ensured that Education loan
✓ As an alternative, scholarship as per the norms will be provided to the beneficiaries of borrower has scored less than the stipulated cut-off accounts are sanctioned through Vidya Lakshmi
the “PM CARES for Children” scheme from the schemes of Ministry of Social Justice marks of 40% for SC/ST and 45% for other category. Portal, VLP ID is mandatory to be feed correctly in
and Empowerment, Ministry of Tribal Affairs, Ministry of Minority Affairs, and ✓ 3 years’ placement record is not required under PM Free Text – 7 by the branches while opening of the
Department of Higher Education. Beneficiaries will be assisted through National CARES for Children scheme for ascertaining Education loan accounts in CBS manually or through
Scholarship portal for availing such entitlements. The scholarship awarded to the Eligibility criteria. PNB LenS.
beneficiaries will be updated on the “PM CARES for Children” portal.
31
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
23. Central Sector Interest Subsidy (CSIS) Scheme to Provide Interest Subsidy On Education Loans To Students Belonging To Economically
Weaker Section (EWS): Revised Guidelines
1. Introduction:
✓ The scheme provides full interest subsidy during the moratorium period on loan
availed under Model Education Loan Scheme of IBA for pursuing
technical/professional courses in India.
✓ 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.
✓ Students whose annual gross parental/family income is up to Rs. 4.5 Lakh are
eligible under the scheme.
2. Scope of Scheme:
✓ The Scheme is adopted by all Scheduled Banks/RRBs/Co-operative Banks and is
linked with the existing Model Educational Loan Scheme of IBA.
✓ Interest Subsidy under CSIS is admissible only once either for undergraduate or post
graduate or integrated course (Graduate + Post graduate).
✓ Under the scheme, interest subsidy on education loan is provided for a maximum
amount of Rs. 10.00 lakh (Even sanctioned loan amount in excess of Rs. 10.00 lakh
would qualify for interest subsidy up to Rs. 10.00 lakh only). (Earlier the interest
subsidy on education loan was provided for a maximum amount of Rs. 7.50 lakh for
loan sanctioned on or after 01.04.2018 to 31.03.2022 & for a maximum amount of
Rs. 10.00 lakh for loan sanctioned on or before 31.03.2018).
✓ In CSIS scheme, no collateral security or third party guarantee is required for
Education Loan sanctioned upto Rs. 7.50 lakh. The bank is to ensure that this part of
the loan is covered for guarantee under Credit Guarantee Fund Scheme for
Education Loan (CGFSEL).
✓ Under the Scheme, the interest payable on the Educational Loan for the
moratorium period, i.e. Course Period plus one year will be borne by the
Government of India. After the period of moratorium, the interest on the
outstanding loan amount shall be paid by the student.
3. Eligibility of students for CSIS:
✓ Education Loans taken under IBA Model Education Loan Scheme.
✓ Students having gross parental/family income upto Rs. 4.5 lakh per annum.
✓ Students enrolled in professional/technical courses only from NAAC accredited
Institutions or professional/ technical programmes accredited by NBA or
Institutions of National Importance or Central Funded Technical 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.
✓ Admissible only once either for Undergraduate or for Post Graduate degree course.
This is also admissible for Integrated Courses (Graduate + Post Graduate).
✓ Student availing any other Central/State Government Scholarship or Fee
reimbursement shall not be eligible for availing benefits under CSIS Scheme.
✓ Interest Subsidy under this Scheme shall not be available to those students who
discontinue their course midstream.
(RAD:54/24.05.2022, 102/05.09.2022, 123/02.11.2022)
4. Interest Rates: The interest rates charged on the educational loan shall be as per the Benchmark Prime Lending
Rate (BPLR)/Base Rate of the individual banks and as per the provisions for interest rates under the IBA Model
Educational Loan Scheme.
5. Moratorium Period:
✓ Under the Scheme, moratorium period is defined as Course Period + 1 year.
✓ Interest for only the moratorium period, at simple rate of interest will be borne by the Government of India,
subject to the condition that the student completes the course of study successfully.
✓ After the period of moratorium, the interest on the outstanding loan amount shall be paid by the student.
6. Income Limit/Proof:
✓ The benefit of the Scheme is applicable to students belonging to economically weaker sections having gross
parental/family income upto Rs. 4.5 Lakh per annum from all sources.
✓ Income certificate is required to be submitted by eligible student only once.
7. Nodal Bank: Canara Bank, which is the Nodal Bank for the Ministry of Education.
8. Interest Concession: Under the IBA Scheme, 2021, Banks at its discretion may provide 1% interest concession if
interest is serviced during the study period and subsequent moratorium period prior to commencement of
repayment. However, the subvention provided by Government should not be a cause for providing 1% concession in
rate of interest.
9. Interest Subsidy: Now, interest subsidy on education loan is provided for a maximum amount of Rs. 10 Lakh (Even
sanctioned loan amount in excess of Rs. 10 Lakh would qualify for interest subsidy up to Rs. 10 Lakh only) for loan
sanctioned on or after 01.04.2022.
10. EDULOANM menu: It would be the sole responsibility of the branch to claim interest subsidy on behalf of the
eligible beneficiary by invoking EDULOANM menu with correct data on time. If any branch fails to claim interest
subsidy for any previous years, backlog claim of interest subsidy will not be entertained.
11. Aadhar number & student mobile number of the student are to be updated in CBS strictly as per guidelines
before interest subsidy lodgment.
12. Valid Income Certificate: It is being observed that branches are still claiming interest subsidy based on other
documents viz. ITR/Form 16/affidavit/self-declaration/salary slip submitted by the borrower/co-borrower which is
not a valid income proof document under CSIS scheme. Hence, all field functionaries are advised to claim interest
subsidy under CSIS scheme by taking income certificate issued by designated state authority only of the
borrower/co-borrower. Any wrong interest subsidy claim will lead to refund of interest subsidy with penalty from
date of interest subsidy received till refund date at prevailing Bank Rates to Nodal Bank. This will attract staff side
accountability as well.
13. In following cases, student is not eligible for interest subsidy under CSIS:
✓ If Education loan is sanctioned for studies abroad.
✓ If Student has availed interest subsidy benefits under CSIS for graduate course and further sanctioned
Education Loan for PG course. Then for PG course, student is not eligible for interest subsidy under CSIS again.
✓ If given moratorium is not as per scheme guidelines or mismatches in EDULOANM menu and in loan account
opened details in CBS.
✓ If ITR/Form 16 taken as income certificate.
✓ If data are not submitted in EDULOANM menu in the format given in Circular issued Vide RAD Cir. No. 54/2022
dated 24.05.2022.
✓ If third party guarantee or collateral security taken in the account for loan sanctioned w.e.f. 01.04.2018.
32
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
24. Dr. Ambedkar Central Sector Interest Subsidy (ACSIS) Scheme on Education Loans for Overseas Studies to Students belonging to Other
Backward Classes (OBCs) & Economically Backward Classes (EBCs): Consolidated Guidelines
(RAD:51/04.05.22)
1. Introduction:
✓ 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 categories so as to provide them
better opportunities for higher education abroad and enhance their employability.
✓ The scheme is effective from 2014-15.
✓ This is a Central Sector Scheme to provide interest subsidy to the student belonging to the
OBCs and EBCs on the interest payable for the period of moratorium for the Education Loans
for overseas studies to pursue approved courses of studies abroad at Masters, M.Phil. and
Ph.D. level.
✓ 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 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 eligible in this Scheme.
2. Conditions for Interest Subsidy:
✓ The Scheme is applicable for higher studies (Masters, M. Phil and Ph. D level) abroad.
✓ The interest subsidy under the scheme shall be available to the eligible students only once,
either for Masters or Ph. D levels.
✓ The scheme be available on preferential basis for the professional courses first.
✓ 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.
3. Eligibility:
✓ The students should have secured admission in the approved courses at Masters, M. Phil or Ph.
D levels abroad for the eligible courses.
✓ He/She should have availed loan from a scheduled bank under the Education Loan Scheme of
the IBA for the purpose.
✓ 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.
✓ The student should belong to the OBCs & EBCs communities.
✓ EBCs are those communities/caste who are not included in SC/ST/OBC categories.
4. Income Ceiling:
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 Lakh p.a.
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 as per chart below: ---
Education Loan Sanction Date Family income per annum
On or before 30.06.2020 Rs. 2.50 Lakh
On or after 01.07.2020 to 31.03.2021 Rs. 8.00 Lakh
From 01.04.2021 onward Rs. 5.00 Lakh
iii. Under this Scheme, Income certificate produced by the student for availing Educational Loan viz.
ITR/Form 16/Audited Accounts Certificate/Income certificate issued by the authority of State
Government/UT Administration is acceptable to determining Income ceiling. Income certificate is
required to be submitted by eligible student only once.
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 + 1 year or 6 months after getting job, 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 o/s loan amt shall be paid by the student,
in accordance with the existing Educational Loan Scheme.
iii. The candidate will bear the Principal installments and interest beyond moratorium period.
6. Implementing Agencies: The Scheme will be implemented by the Nodal Bank i.e. Canara Bank as per
MoU between the Banks and the Ministry of Social Justice & Empowerment.
7. It is advised to capture data of all accounts which are eligible for interest subsidy claim through
invoking menu option “EDULOANM” through “A” option for entering mandatory details & “T” option to
make the account eligible for interest subsidy under the said scheme in CBS, so as to lodge the claims
centrally.
8. After invocation of the above menu option, branches to generate report ‘PNBREP “1/46a & 1/46b”
for OBC category and EBC category respectively to ascertain the eligible accounts & interest subsidy.

Strictly Confidential :: For Internal Circulation Only

33
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
25. Padho Pardesh Scheme (PPS) Of Interest Subsidy on Education Loans for Overseas Studies for The Students Belonging to The Minority
Communities: Consolidated Guidelines (RAD:50/04.05.22, 133/08.12.22, 135/17.12.2022)
1. BACKGROUND: The scheme covers education loans given to student belonging to minority communities for overseas 3. Income Ceiling: Total income from all sources of the employed candidate or his/her
studies covering courses for Post Graduate Diploma/Post Graduate Degree course/Masters, M. Phil & Ph. D from any foreign parents/guardians in case of unemployed candidate shall not exceed Rs. 6 Lacs p.a.
university subject to his/her parents/guardians income up to Rs.6 Lakh per annum. Income certificate is required to be submitted only once.
i. The PM’s New 15 Point Programme for the Welfare of Minorities announced in June 2006, provides Interest Subsidy for 4. Rate of Interest Subsidy:
meritorious students from minority communities belonging to EWS of notified minority communities for their higher i. Under the scheme, interest payable by the students availing of the educational loans
education abroad and enhance their employability. The scheme has been named as “PADHO PARDESH” and is effective from of the IBA for the period of moratorium (i.e course period+ 1 Yr), shall be borne by the
2013-14. ii. This central sector scheme provides full intt subsidy during the period of moratorium (course period + one GOI. ii. The interest subsidy shall be restricted to the disbursed component not
year) on education loans taken by EWS students belonging to minority communities for pursuing Post Graduate Diploma, Post exceeding Rs. 20 Lacs.
Graduate degree course/Masters, M. Phil & Ph. D from any Foreign University. Further, those students, who have completed M. iii. After the period of moratorium is over, the interest on the outstanding loan amount
Tech in India but is now pursuing MBA abroad and have received subsidy under CSIS/state subsidy scheme for the M. Tech shall be paid by the student, in accordance with the existing Educational Loan Scheme.
course, are also eligible in this Scheme. iv. The Candidate will bear the Principal installments and interest beyond moratorium
iii. Six religious communities viz; the Muslims, Christians, Sikhs, Jains, Buddhists and Zoroastrians (Parsis) are notified as period.
minority communities. 5. Nodal Bank: Canara Bank is the Nodal Bank for implementation and monitoring of
2. ELIGIBILITY: i. The student should have secured admission in the approved courses at Post Graduate Diploma, Masters, M. the scheme.
Phil or Ph. D levels abroad for the eligible courses 6. 100% Aadhaar seeding/authentication: IBA has advised member banks to ensure
ii. He should have availed loan from a scheduled bank under the Educational Loan Scheme of the IBA for the purpose. 100% Aadhaar seeding/authentication for the student beneficiaries of the Padho
iii. The loan sanctioned and disbursed from 2013-14 onwards will only be eligible for interest subsidy. Pardesh Scheme in accordance with the guidelines issued by Unique Identification
iv. The students who have availed intt subsidy under any other scheme including the CSIS scheme for undergraduate courses Authority of India (UIDAI).
shall also be admissible for interest subsidy under the present scheme.
v. The income certificate (issued by competent/notified authority in the State/Union Territory) obtained at the time of availing
7. Scheme stands discontinued since 2022-23.
loan shall determine the eligibility under the scheme. The existing beneficiaries as on 31-03-2022 will continue to receive the interest
vi. The Minority Certificate issued by: i. Any Religious body who issues such certificate; ii. From School/College Principal; or iii. subsidy during the moratorium period of the loan, subject to the compliance
Self-declaration. with the extant guidelines.
26. Concessional Education Loans to Persons with Disabilities (PwDs)
Memorandum of Agreement with NHFDC – Amendment in Scheme Parameters Including ROI and Revised Consolidated Guidelines
(RAD:119/10.10.2022)
1. Bank has entered into a MoA on 03.06.2013 for availing 100% refinance from iii. Rate of Interest: Upto Rs. 50 Lacs ---- 4%
National Handicapped Finance & Development Corporation (NHFDC) for ✓ The above-mentioned ROI @ 4% will be applicable to new loans only.
extending concessional Education Loans to Persons with Disabilities (PwDs) ✓ The existing rate of interest as applied to existing loans would continue to apply till maturity.
under bank’s Education Loan Schemes. ✓ Simple interest be charged during the Repayment holiday/Moratorium period.
2. Guidelines for providing concessional education loan to Persons with Disability ✓ No further concession of 1% in interest rate shall be available to any category of borrowers for regular servicing of
(PwDs) under refinance scheme of NHFDC are applicable to all the existing interest during moratorium period.
education loan schemes of the bank, subject to the following stipulations: ✓ The student will be eligible for interest subsidy during moratorium period under applicable Govt. subsidy scheme
i. Student Eligibility: Loan shall be available to any Student with 40% or more i.e. CSIS, ACSIS or PPS, if otherwise, eligible.
disability on the basis of Disability certificate issued by authorities empowered to iv. Quantum of Finance: Studies in India/Abroad - Max. Rs.50 Lakh.
issue. v. Repayment Period: The maximum repayment period of loan will be in conformity to the guidelines laid down in
ii. Unique Disability ID (UDID) registration under Department of Empowerment NHFDC scheme i.e. 10 years after commencement of repayment. Loans with repayment period beyond the ceiling as
of Persons with Disability (DEPwD), Ministry of S.J. & E., GoI would be mandatory above are not eligible for refinance under the aforesaid scheme. The repayment as per repayment schedule would
for loan amount of Rs.15 Lakh & above. commence 1 year after completion of course. Loans with repayment period beyond the ceiling as above are not eligible
ii. Expenses considered for Loan: Cost of 2-wheeler upto Rs.50000/- shall be for refinance under the aforesaid scheme.
considered within the overall ceiling of loan amount and in addition to the 3. Educated PwDs are eligible to avail 3% reservation in admissions and also in the government jobs. Government is also
expenses considered for Loan under existing other education loan schemes. providing attractive incentives to private sector for employing PWDs.
34
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
27. Credit Guarantee Fund Scheme for Education Loan (CGFSEL) (RAD:46/27.04.2022)
1. Basic aim & objectives of Scheme: ➢ The Bank shall apply for guarantee cover in respect of education loans
i) Guarantee by default as Risk Mitigant. disbursed in the quarter April-June, July-September, October-
ii) To enable availability of Bank credit without collaterals/ third party guarantee. December and JanuaryMarch prior to expiry of the following quarter
iii) To strengthen credit delivery system and facilitate flow of credit under Education loan segment. viz. July-September, October-December, January-March and April-
June, respectively.
2. Salient features of the scheme:
➢ The scheme stipulates that all Education loan (for pursuing studies in India and Abroad) sanctioned up to Rs. 7.50 Lakh ➢ Extent of Guarantee: The Fund shall provide guarantee cover to the
without obtaining collateral security and/or third-party guarantee and with maximum rate of interest as Repo Linked extent of 75% of the amount in default and would be settled as under:
Lending Rate (RLLR) plus 2.00% or any other external bench mark interest rate conforming to RBI guidelines plus 2%, shall  75% of the guaranteed amount will be paid within 30 days and the
be covered, subject to payment of Annual Guarantee Fee (AGF) of 0.50% p.a. on the outstanding loan amount. balance 25% will be paid after all avenues for recovery have exhausted.
The guarantee cover will commence from the date of payment of
➢ However, loans above Rs 7.50 L & upto Rs 10 Lacs under PNB HONHAAR will be covered under the scheme of Govt. of NCT
guarantee fee and shall run through the agreed tenure of the Education
of Delhi. The Guarantee fee shall be borne by the borrower in such cases.
Loan.
➢ The Scheme is effective on all Education loans sanctioned on or after 16.09.2015 (Date of notification) and complying to
➢ Invocation of guarantee: The Bank may invoke the guarantee in
CGFSEL guidelines.
respect of Education loan within a maximum period of 1 year from
➢ The guarantee cover will commence from the date of payment of guarantee fee and shall run through the agreed tenure of date of NPA, if NPA is after lock-in period or within one year of lock-in
the Education Loan. period, if NPA is within lock-in period, after satisfying certain
conditions.
➢ The Guarantee fee shall be borne by bank.

28. Credit Guarantee Fund Scheme for Skill Development (CGFSSD)
1. All skill loans sanctioned with limits Rs.5000/- & above and upto Rs. 1.50 Lacs, under
PNB kaushal on or after 15.07.2015, without any collateral security and/or third-party
guarantee shall be covered under the CGFSSD scheme. Guarantee Fee shall be borne by
bank as a whole through HO: RAD for the quarter April-June, July-September, October-
December and January-March prior to expiry of the following month viz. July, October,
January and April respectively.
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.
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.
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 enrolling institutions/organizations as per National Skill Qualification
Framework (NSQF) and who has executed loan documents to avail skill loan.
Parents/guardians will be the co-borrowers.
5. NCGTC: All matters pertaining to the operations of CGFSSD would be undertaken by
NCGTC on behalf of the said Fund Trust.
(RAD:45/27.04.2022)
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 end of period of moratorium of
interest, whichever is later.
7. Guarantee Fee: i. For availing the guarantee coverage, the Bank shall pay Guarantee Fee of 0.125% per
calendar qrter (i.e. 0.50% p.a.) on the quarter end outstanding portfolio balance (skill loans).
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 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 be payable within 3 days from the issue of CGDAN).
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.
9. A Report No. 1/43 under PNBREP Menu in MIS has been customized to identify eligible skill loan accounts
covered for lodgment of fresh guarantee cover under CGFSSD scheme of the bank.
10. Data/possible values of mandatory fields are updated/correctly entered & verified in all eligible skill loan
accounts in CRM Module and in menu option EDULOANM in CBS. So that fresh guarantee cover of all eligible Skill
loan accounts are lodged with NCGTC every quarter in time.

35
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
29. Vidya Lakshmi Portal (VLP) - An Electronic Platform to Apply for Education Loan & VLP Charges
1. Introduction: Based on the recommendations of the IBA Working Group on Education
Loan Scheme, NSDL e-governance has developed portal named as “Vidya Lakshmi Electronic
Platform”, features of which are as under: --
• Single window for students to get the information of various government scholarships and
education loans schemes of banks.
• Single loan application portal for students for all banks connected to the portal.
• Linkages of portal to banks’ systems.
• Dashboard for students to track status of loan applications
• Mechanism for students to communicate with banks.
2. VLP: The Bank has integrated with the Portal and has got enrolled its Education Loan
schemes. The access to the Portal has been provided to Retail Assets Division, Head Office.
3. Operational guidelines: The applications submitted by the students are downloaded by
the bank and pushed to LenS according to the IFSC code mentioned by the students. On
viewing the applications in LenS, the branch user can process application. After the
application is processed, the status is required to be updated on the Portal.
The various stages of status to be updated on the NSDL Portal are:
1) Submitted, 2) In Process, 3) Prima Facie Eligible, 4) Rejected, 5) Need More Information, 6)
Approved, 7) Disbursed and 8) Closed.
The status is to be updated within the prescribed Disposal Time Norms of 7 days.
4. TAT: All VLP application must be disposed-off within maximum period of 7 days on the
portal.
Strictly Confidential :: For Internal Circulation Only
(RAD:44/27.04.2022)
5. As per directions by Under Secretary, DFS, MoF, all Education Loan proposals should compulsorily
be routed through Vidya Lakshmi Portal only and No VLP application should be pending for more
than 7 days on the portal.
In view of the above, 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 received in physical form, the
same should be uploaded on VLP by the branches immediately to process the loan in LenS. Further, All
VLP application must be disposed-off within maximum period of 7 days on the portal.
6. VLP Charge: In terms of extant guidelines of the scheme, a VLP enrolment charge of Rs. 100/-
(excluding applicable GST) is to be borne by the students whose application has been sanctioned &
disbursed by the Bank. Accordingly, it is advised to debit the customer account by Rs. 100/-+GST and
credit the same in customized ‘Income Head’ only through MCHRG menu only in CBS before
disbursement of loan w.e.f. 01.04.2021.
Branches to ensure that once VLP charges debited from loan account, the loan account must be
regularized by recovery of charges from saving account immediately to avoid the account to become
irregular.
7. EDW Report: A report has been customized in EDW 2.0 where list of pending Education Loan lead in
LenS with its present status can be downloaded for follow up purpose. The name of the customized
report is “Education Applications in LenS”. There are two tabs available in the report, first one is
“where applications are Disposed-off” & second one is “where applications are in pending status”.
36
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
30. PNB Car Loan – Consolidated Guidelines
1. Purpose: Loan for purchase of:
i. New Car/Van/Jeep/Multi Utility Vehicle (MUV) or Sports Utility Vehicles (SUV).
ii. Old car/van/jeep/MUV/SUV, which are not older than 3 years &
unencumbered.
iii. Reimbursement of cost of New vehicle purchased by Individual/Corporate
out of own funds. (Not more than 3 months old)
2. Eligibility:
i. For Private use: Individuals & Joint Borrower. (Parent/Spouse/Earning Children
(whether married or unmarried)/Earning daughter in law. (only one joint
borrower will be permitted) However, Vehicle will be registered in the name of
only one applicant borrower, as per their option.
ii. For Business concerns (Other than individuals): Company/Firm/Borrowing
Unit to be in cash profit for the last two years.
iii. For Reimbursement of cost of new cars:
a. Existing customer with satisfactory track record viz. all loan accounts running
regular with NIL inspection irregularity. b. Purchased the car out of own fund.
c. Invoice date of the vehicle not more than 3 months old.
iv. Minimum income criteria for individuals/proprietorship firms:
a. Minimum net monthly salary/pension/income: Rs 25000/-.
(Income of Parent(s)/Spouse/Earning Children can be taken into account and be
made co-borrower. Out of above only one co-borrower shall be permitted.)
b. AGM-PLPs/CHCAC & above may relax the income criteria.
c. No minimum monthly income/no income proof is required in cases where
borrower agrees to give 110% of liquid security in shape of Term Deposit of our
Bank. No processing on the basis of income is required.
3. Extent of Loan:
i. For individuals/Proprietorship concerns:
a. 25 times of Gross Monthly Salary/Pension/Income with a ceiling of Rs 100
Lakh (for one or more vehicles).
b. In-Charge PLPs may relax the criteria with regard to number of times (i.e
relaxation in number of times of Gross Monthly Salary/Pension/Income to arrive
loan amount but within ceiling of 100 lakh).
c. CHCAC & above may relax the criteria and sanction need based amount within
their vested loaning powers.
ii. For Business Concerns (other than Individuals i.e. Corporate, Non-Corporate,
Societies etc.):
a. No ceiling of loan amount (for one or more vehicles).
b. CHCAC & ab may sanction need based amount within vested loaning powers.
c. Car loans financed to business concerns (other than individuals) for personal
use of their executives, i.e., other than for use in the business, shall be outside
the purview of corporate banking.
4. Scheme code: TLPVL: PNB Car Loan (Public),
TLEVL: PNB Green Car (Public)- e-Vehicle.
(RAD:77/14.07.22, 120/15.10.22, 128/29.11.22)
5. Permissible deduction: (including the proposed Car Loan instalment):
GMS/I Max. Permissible Deduction of GMS/I
Upto Rs.50000 50%
Above Rs.50000 60%
*10% extra deduction (maximum upto 60% & 70%) may be permitted by AGM PLPs/CHCAC & above.
6. Margin:
i. For new vehicle:
✓ 15% of on-road price inclusive of one-time road tax & insurance.
CHCAC & above at their discretion may reduce margin to 10% in deserving cases.
✓
ii. Margin in case of tie up arrangement with car manufacturer/dealer:
✓ 10% of on-road price or NIL on ex-showroom price, i.e., (100% financing of ex-showroom price).
iii. For old vehicles: 25% of the value of the vehicle.
✓ Valuation of old vehicles to be done at current invoice price of the new vehicle less depreciation @ 15% p.a. on
straight line method. Proportionate depreciation to be calculated on quarterly basis.
iv. For Reimbursement of cost of new cars: 25% on On-Road Price.
7. Repayment period:
i. For new car/Van/Jeep/MUV/SUV: Maximum in 84 EMI.
ii. For old car/Van/Jeep/ MUV/SUV: Maximum in 60 EMI.
iii. For new/old car/van/jeep/ MUV/SUV:
✓ In case of persons engaged in agriculture & allied activities, sanctioning authority may fix repayment schedule at half
yearly/yearly intervals coinciding with the time of harvest.
✓ However, the repayment period should not exceed 7 years (new vehicles) or 5 years (old vehicles).
iv. CHCAC & above empowered to relax repayment period by 12 months for new cars.
v. Age:
✓ For salaried persons with pension and pensioners: Repayment to be ensured within 70 years.
✓ For others repayment to be ensured within 65 years.
✓ CHCAC & above may further relax the above criteria by 5 years on case to case basis.
8. Security:
✓ Vehicle purchased to be hypothecated to the bank.
✓ Name of the Bank/branch must be mentioned on the JRC (Joint Registration Certificate) and a BM verified copy of
the same to be kept on record.
✓ In case of Registration Certificate issued by some State Transport Authorities in shape of Smart card and not contains
the hypothecation clause, a certificate issued by respective State Transport Authority incorporating Car/vehicle
particulars including hypothecation clause along with receipt of fee deposited, if any, be obtained by the branch and
held on record.
✓ Further, IBA has clarified that any vehicle registered with the VAHAN Registry shall be deemed to be registered with the
Central Registry for the purpose of SARFAESI Act, 2002. Hence, Vehicle Details extracted from VAHAN Portal must be
treated equivalent to the copy of JRC provided by the borrower.
9. Guarantee/Collateral Security:
✓ Guarantee acceptable to the Bank in case of Gross Monthly salary/pension/income is less than Rs. 50000/-
✓ No guarantee required for permanent employees of Central Govt./State Govt./PSBs/MNCs/Listed companies of BSE or
NSE whose shares are actively traded and quoted above par irrespective of income.
✓ Incumbents of Branches headed by Scale IV & PLPs Head and above may waive the guarantee/collateral security.
37
10. Regularity of income:
i. For all class of borrower(s): ITR (for the last 2 years) etc. to be taken.
ii. For salaried class: Latest salary slip, Form16/ITR for the last 2 years be taken.
✓ Where 2 years ITRs/Form 16 is not available on account of lesser service period, the
sanctioning authority may consider sanction of loan provided last 12 months’ salary
is verified either from salary slips/form 16 or Statement of Account. Salary
certificates must be independently verified from HR Deptts. of the Co./concern.
✓ However, in case of Govt. Employee, maintaining salary account with our Bank for
minimum 12 Months, Salary slip for the latest 1 month to be taken and not to insist
on Form 16 or ITR in such cases. Salary slip shall be verified from account Statement.
✓ Form16/ITR is not to be insisted upon, in case the proposed borrower is a
confirmed/permanent employees/Pensioners of Central Govt./State Govt./PSUs/
MNCs/Listed Companies at BSE or NSE (whose Shares are actively traded and quoted
above par), maintain his salary/pension account with us, drawing salary/pension
of an amount which does not categorize under taxable income i.e presently, upto
the threshold limit of Rs. 2.50 lakhs per annum and having his salary/pension
account with our bank for the last 2 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 account will not
be transferred to other bank during the currency of the loan.
iii. For other than salaried class:
✓ While ITRs and ABS (Wherever applicable) for the last 2 years of business/activity
shall be taken and perused to ascertain continuity of income, Assessment of
loan/Repaying capacity be arrived at on the basis of average income as reported in
the last 2 ITR.
✓ However, deviation regarding availability of ITRs/ABSs may be permitted by AGM
RAM/iRAM/CHCAC & above subject to taking of minimum 1 year latest ITRs/ABSs.
iv. For business concerns (Corporate/Non-corporate): Loan amount to be arrived
considering average cash profit (i.e Net Profit after Tax + Depreciation + Interest) for the
last 2 years as per the last 2 ITR and Balance Sheet (audited wherever applicable) to serve
the proposed installments.
iv. 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.
11. Loaning powers:
✓ Loan for old car/van/jeep/MUV/SUV to be allowed by In-charges of Branches
(minimum Scale IV)/PLPs (Minimum Scale IV)/CHCAC & above.
✓ The cases where PNB Score is above 40 & up to 50 can be considered by next higher
authority (Next Higher authority in case of: a) Branch Sanction: Incharge PLPs &
above, b) PLP Sanction: CHCAC & above) for sanction with proper justification.
✓ Loaning Power for Reimbursement of cost of new cars:
a) Branch - Car purchased having invoice date up to 1 Month (within vested power).
b) PLP Head & CHCAC & above - Car purchased having invoice date up to 3 Months
(within vested power).
12. Security inspection:
✓ Where the loan account is running regular, the requirement of periodical Inspection, including obtaining of
PNB 551, may be done away with.
✓ For irregular accounts and accounts under NPA category: quarterly inspection & PNB 551 to be obtained.
13. Under tie-up arrangement with PSUs, corporates, institutions or in case of bulk business:
i. Bulk business would imply a minimum of 5 car per borrowers from the same organization at one time (within a
calendar quarter).
ii. CHCAC & above may relax terms and conditions relating to “Margin” and “Repayment period” under tie-up
arrangement with PSUs, corporates/institutions or in case of bulk business with PSUs, corporates/institutions of
repute where repayments are assured as under: ---
iii. Margin: CHCAC & above may reduce Margin upto 10% of on-road price.
iv. Repayment Period: CHCAC & above may relax repayment period further by 12 months from the existing 84
months in case of new Cars.
v. 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 3 months, if any, availed from PNB.
vi. Assured repayments would imply obtention of:
✓ Irrevocable Letter of Authority from borrower authorizing the employer to remit salary/installment and
other amount payable to the Bank cum letter of acknowledgement from employer–Form -PNB 1134
✓ A letter of undertaking from the employer acknowledging to comply with instructions as per the
irrevocable letter of authority of the borrower employee.
14. To build up the relationship with good corporate client of the bank : It has been decided to offer certain
relaxations in processing charges & Rate of Interest to Employees of Corporate client (Company) dealing with our
bank, as under: ---
Eligible Customers Relaxations
Employees of Corporate client (Company) dealing a. 50% concession in Upfront fee & documentation
with our bank having: charges.
a) Total relationship value of Rs. 5 cr and above. {Applicable Upfront fee & documentation charges:
b) Dealing with the bank from the last 3 Years. 0.25% of Loan amt (Min: Rs. 1000/- Max: Rs. 1500/-)}
c) Conduct of the account is satisfactory.
Eligible Employees: b. 0.10% concession in the Rate of interest in the
a) Confirmed employees of the company. bracket “CIC Score 700 and upto 749”
b) Working with the company for the last 2 years.
c) Employees have the CIC score of 700 & above.
15. Upfront fee & documentation charges:
0.25% of Loan amount (Minimum – Rs. 1000/- Maximum Rs. 1500/-) excluding GST.
For Borrowers Covered under PNB Pride: Upfront/Processing fees: NIL, Documentation Charges: NIL
16. Inspection Charges: a. Where the loan account is running regular, the requirement of periodical inspection,
including obtention of PNB 551 has been done away with – Nil
b. For irregular accounts and accounts under NPA category, the inspection to be done on at least quarterly and
PNB 551 to be obtained on half yearly basis: Rs. 100/- + service tax.
17. Pre-payment charges: @2% on the outstanding pre-paid, On fixed rates accounts.
No pre-payment charges: i. On floating rates accounts w.e.f. 07.05.2014.
ii. Where the borrower shifted to other bank within 30 days from the date of issuance of circular for upward
revision in the rate of interest to be charged in his account or change in other terms of sanction.
38
18. Rate of Interest: For New Car: (E-vehicle & other than e-Vehicle) 20. Service charges to be paid to car dealers and their sales executives:
Rate of Interest Dealer's service Eligibility per dealer per Month Rates
(For Leads received through Digital or Non-Digital Mode) charges at all (On Disbursement Amount) (% of loan amount)
Centers irrespective Upto Rs. 50 Lakh 1.50%
Scheme/ Borrower Type PNB Green Car Car (Other than e-vehicle)
of location Above Rs 50 Lakh to Rs 1.25 crore 1.70%
(e-vehicle)
Scheme Code: TLEVL Scheme Code: TLPVL Above Rs. 1.25 Crore 1.95%
Women Dealer’s executive Eligibility per executive per Month Rates
PNB PRIDE RLLR+BSP-0.35% RLLR+BSP-0.30% service charges (On Disbursement Amount) (% of loan amount)
Corporate Upto Rs. 50 Lakh 0.25%
Insta Vehicle Loan Irrespective of Above Rs 50 Lakh to Rs 1.25 crore 0.30%
Scheme for existing CICs Score Above Rs. 1.25 Crore 0.35%
home loan borrower
(New Car Only)
Note:
CIC Score 750 & above 1. The payment of service charges is inclusive of GST.
Others Individual CIC Score 700 and up to 749 RLLR + BSP + 0.10% RLLR + BSP + 0.15% 2. The maximum Cap for dealer’s payout shall be Rs.50000/- per loan proposal and for Dealer’s
CIC Score 650 to less than 700 RLLR + BSP + 0.45% RLLR + BSP + 0.50% executive payout shall be Rs. 10000/- per loan proposal. Circle Heads are vested with powers to
Under Fixed Rate option for all including PNB Pride One Year MCLR+0.10% alter the payout ratio amongst the Car Dealer and Sales Executive within the overall ceiling of Rs
with Min. CIC score of 750 & above 60000/-.
3. The payout will be based on leads generated for the Circle as a whole in branches in that Circle
Note: i. PNB PRIDE covers the Central/State Government Employees/Defence personals/Para military
and not on individual branch basis.
Forces/Pensioners of Central & State Government & Employees of PSUs.
4. The aforesaid service charges as per applicable slab will be paid on monthly basis on consolidated
ii. Corporates/Business concerns (other than Individuals i.e. Corporate, Non-Corporate, Societies etc.): Car
business (Disbursed Amount only) generated in a calendar month.
Loan financed to business concerns for personal use of their executives i.e. other than for use in business.
5. Tie up arrangement: Our bank has entered into tie-up arrangements with a number of reputed
iii. Fixed rate option are permitted under MCLR option only.
car manufacturers. The list of car manufacturers is as under: --- 1. Maruti Suzuki India Ltd. (MSIL),
Note: a. Corporates are eligible for Fixed Rate option, irrespective of CMR score, however, credit risk
2. Tata Motors Ltd, 3. Mahindra & Mahindra Ltd. (M&MIL), 4. Honda Cars India Ltd. (HCIL), 5.
rating of B1 and above only. b. All Car loans sanctioned on MCLR will be linked with 1year MCLR, with
Force Motors Ltd. (FML), 6. Toyota Kirloskar Motor Pvt. Ltd (TKM), 7. Hyundai Motor India
applicable spread as circulated from time to time. c. Loan under fixed option at MCLR, shall be
Limited, 8. MG Motor India Private Limited.
sanctioned with repayment period of above 3 years only. d. Fixed rate loans shall be reset after 3 years
Further, Circle Heads have been vested with powers to enter into tie-up with local car dealers.
of opening of account, as per existing guidelines of fixed rate option. e. On change of MCLR all fresh car
21. General:
loans under fixed rate option shall be sanctioned on prevalent MCLR+ spread at the time of sanction.
i. Driving license of the borrower may not be insisted upon. An undertaking that the vehicle would
19. Other Terms & Conditions:
be driven by a valid driving license holder to be obtained.
a) For loan amount of Rs 10 lakh & above, score from two CICs are to be obtained. In such cases, the
ii. Regarding treatment of EMI in Car Loan accounts in the wake of upward revision in rates of
higher Score of the two CICs scores will be considered for arriving at the applicable rate of interest.
interest, borrower always has one of the following options to exercise for repayment of loan:
b) In case where CIC score of applicants is having values (-1) or (0) i.e. no credit history, then rate
(a) To pay increased amount of EMI; (b) To continue to pay the existing amounts of EMI with
applicable in bracket “CICs Score 750 and above” will be considered.
condition that the balance outstanding in the account would be paid in one go with last EMI of the
c) If more than one applicant is there, average of CIC scores of the applicants (whose incomes are
originally applicable repayment tenor. (c) To prolong the repayment period.
considered for eligibility) to be considered for pricing. In such cases, CIC score of applicant/s having values
In case no option is given by the borrower, the option (c) i.e. to prolong the repayment period
(-1) or (0) i.e. no credit history should be excluded for average calculation.
appropriately be implemented.
d) In case of joint applicants, individual CIC score of all the applicants (whose scores are considered for
Necessary changes in repayment period of loan be made in the system every time any change in
average calculation) should be minimum 700 for getting better rate of Interest.
interest rate is effected, so that account does not show any irregularity in regular repayment of the
e) ROI for the wards/parents of existing staff & ex-Staff and their wards are also eligible for the rate of
loan, due to above adjustment/reschedulement.
interest under slab of CIC score 750 & above subject to eligibility.
iii. HUF are not eligible for Car Loan (including all its variants).
f) PNB Combo Loan scheme for home Loan Borrowers are covered under slab of CIC Score 750 & above.
iv. In order to reduce TAT and quick processing of car loan to existing business concerns availing
g) Finance of old car not permitted in Combo Loan scheme for home loan borrowers.
Term loan/Cash credit/overdraft (CC/OD) limit from our bank and where latest satisfactory visit
h) In case of old car, The Rate of Interest is 1% over and above the card rate.
report of upto 12 months is available with Bank, it has been decided to do away with the
i) Finance of old car not permitted in PNB Green Car (e-Vehicle) loan.
requirement of pre-sanction visit for such business concerns, who approaches us for Car Loan. (i.e
k) No Loan, in any category, to be sanctioned with CIC score of less than 650.
Car loans financed to business concerns for personal use of their executives, i.e., other than for use
in the business).

39
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
31. Insta Vehicle Loan Scheme (Four-Wheeler & Two-Wheeler) for 32. PNB Combo Loan Scheme (Housing + Car Loan)
existing Home Loan Borrower (RAD:77/14.07.2022) (RAD:77/14.07.2022)
1. Objective: To offer hassle free vehicle loan to existing Home Loan Borrowers. 1. Feature: PNB Combo Loan Scheme aims to provide Car Loan at concessional Rate of Interest and
2. Purpose: Purchase of car/two-wheeler for personal use. attractive/lucrative Terms & conditions to HL Borrowers (Existing and New).
3. Target Group: All existing HL Borrowers with satisfactory track record of 3 years. (excluding 2. Eligibility: Housing Loan Borrowers with Sanction Limit of Rs. 15 Lacs and above are eligible on
moratorium period) or after creation of security on House Property under Housing Loan.
4. Eligibility: All existing home loan borrower accounts where the loan has run for minimum 3 Only Brand New 4 Wheelers will be financed under PNB Combo Loan Scheme. Purchase of Old Car
years (excluding moratorium period) without a single default in EMI. will not come under the purview of the scheme.
5. Age of applicant: Same as in Vehicle loan scheme. 3. Gross Income:
6. Type of facility: Term Loan ✓ Min Gross Income for Salaried Customers - Rs. 50,000/- per month.
7. Special features: No pre-sanction/Fresh Income proof required ✓ For Professional and Self Employed/Businessman: Minimum Annual Post-Tax Income of
8. Assessment of Limit: 90% of on road price of Car/two-wheeler, Maximum Rs. 10 Lacs. Rs. 6 L as per ITR (Average of last 3 years).
9. Maximum Repayment period: Four Wheelers: 100 months, Two Wheelers: 84 months. ✓ However, there should be consistent growth in Gross Income in last 3 years.
10. Rate of Interest: ✓ The total deduction from income including EMI of existing Housing Loan and other Loan(s)
Floating: For four-wheeler: and the proposed EMI of Car Loan should not be more than 60% of Gross income.
ROI (for leads received through Digital Channel ROI (for leads received through Non-Digital Channel
4. Margin: 10% of the On-Road Price of the Car. i.e. Eligible Housing Loan Borrowers will be
PNB Green Car Car (Other than e- PNB Green Car Car (Other than e-
entitled for Loan to the extent of 90% of on road price of the Vehicle.
(e-vehicle) vehicle) (e-vehicle) vehicle)
RLLR + BSP - 0.10% RLLR + BSP RLLR + BSP RLLR + BSP + 0.10% 5. Rate of Interest: same as Insta Vehicle Loan Scheme
For two-wheeler: RLLR + 1.80% ROI (for leads received through Digital Channel ROI (for leads received through Non-Digital Channel
PNB Green Car Car (Other than e- PNB Green Car Car (Other than e-
Fixed: Only for four wheelers: Upto 3 years: One-year MCLR + 1.25%
(e-vehicle) vehicle) (e-vehicle) vehicle)
Above 3 years: One-year MCLR + 1.50%
RLLR + BSP - 0.10% RLLR + BSP RLLR + BSP RLLR + BSP + 0.10%
11. Penal Interest: 2% p.a. on overdue amount.
6. Repayment Period: The Repayment Period of the Car Loan should be less than or equal to left
12. Security: Hypothecation of vehicle purchased. over repayment period of Housing Loan subject to maximum Repayment Period of 84 Months.
13. Insurance: Vehicle to be comprehensively insured and cost to be borne by the borrower.
7. Additional Security: Car Loan will be secured through extension of Mortgage on the Existing
14. Processing fee: Flat Rs.1000/- exclusive of taxes. Housing Loan Property.
15. Prepayment Charges: NIL
8. Processing Fee: NIL for Car Loan under PNB Combo Loan Scheme (Housing Loan + Car Loan).
16. CIBIL: Fresh CIBIL to be generated
17. Appraisal: Simplified process note. 9. Other Terms and Conditions:
18. Documentation: As per existing Car Loan Scheme. (i) For existing Housing Loan Borrowers, the Account should be standard with satisfactory Track
Record.
19. Delegated Powers: Same as per Loaning Power Chart.
(ii) In case of takeover of Housing Loan under this scheme, the Car Loan has to be fully liquidated
20. Any other Guidelines: Compliance of Pre-Disbursement Compliance (PDC) guidelines. before takeover.
21. Sanction Letter/SMS shall be dispatched/sent to the eligible customers directly from RAD: (iii) Car Loan under this scheme should not be sanctioned before creation of mortgage for Housing
Head Office and list of such eligible borrowers under intimation to branches and Circle Offices. Loan.

40
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
33. PNB Green Car (e-vehicle) Loan (RAD:77/14.07.2022)
1. Purpose: To purchase: i. New Electrical Car (e-Vehicle) for personal use. 7. Margin:
ii. Reimbursement of cost of New Electrical Car (e-Vehicle) for personal use. (Not more than 3 months ✓ For new vehicle: 10% of on-road price or NIL on ex-showroom price, i.e., (100% financing of
old). ex-showroom price).
2. Eligibility: ✓ For Reimbursement of cost of new Electrical Car (e-Vehicle): 25% of on-Road Price.
i. For private use: ✓ In case of subsidy from any source including state/Central Govt will be credited in loan a/c.
a. Individuals: 8. Repayment period:
✓ Joint borrowers are also eligible, i.e., parent(s)/spouse/Earning Children (but only one joint i) For new Electrical Car (e-Vehicle): 120 EMI
borrower shall be permitted). In case of joint borrowers, an option be got exercised to specify the ii) Repayment to be ensured within 70 years for salaried persons with pension and pensioners. For
name of the applicant borrower in whose name they want to get the vehicle registered. others repayment to be ensures within 65 years of age. In-Charge PLP/CHCAC & above may further
b. Business concerns (other than individuals i.e. corporate, non-corporate, societies etc.): relax the above criteria by 5 years on case to case basis.
✓ Company /Firm to be in cash profit for the last 2 years. iii) In case the loan is allowed to joint borrowers, it be ensured that at least one of the joint
ii. For Reimbursement of cost of new Electrical Car (e-Vehicle) for personal use: borrowers is able to repay the loan alongwith interest upto the maximum prescribed age, i.e., within
✓ Existing customer with satisfactory track record viz. all loan accounts running regular with nil 70 years for salaried persons with pension/pensioners and 65 years of age for others. In-Charge
inspection irregularity. PLPs/CHCAC & above may further relax the above criteria by 5 years on case to case basis.
✓ Purchased the car out of own fund. 9. Permissible deduction:
✓ Invoice date of the vehicle not more than 3 months old. GMS/I Max. Permissible Deduction of GMS/I
iii. Minimum income criteria for individuals/proprietorship firms: Upto Rs. 50000 50%
✓ Minimum net monthly salary/pension/income: Rs 25000/-. Above Rs. 50000 60%
✓ (Income of Parent(s)/Spouse/Earning Children can be taken into account for determining loan * (Deduction: 10% extra by AGM-PLP/CHCAC & above)
amount/eligibility. In such cases, the parent(s)/spouse/earning children be made co-borrower). 10. Rate of Interest:
(but only one joint borrower shall be permitted). Revised Rate of Interest (For Rate of Interest (For
✓ AGM-PLPs/CHCAC & above may relax the income criteria on case to case basis. Leads received through Leads received through
Scheme/Borrower Type
✓ No minimum monthly income/no income proof is required in cases where borrower agrees to Digital Channel) Non-Digital Mode)
give 110% of liquid security in shape of Term Deposit. No processing on the basis of income is Women
required. PNB PRIDE*
3. Regularity of income: Corporate#
For all class of borrower(s): The regularity of income of the borrower(s) over the entire span of loan Insta Vehicle Loan Irrespective of RLLR+BSP-0.10% RLLR+BSP
should be clearly established before sanction of loan. Latest salary slip, ITR (for the last two years) etc. be Scheme for existing CICs Score
taken & perused. home loan borrower
4. CIC Score: i. No Loan, in any category, to be sanctioned with CIC score of less than 650. (New Car Only)
ii. For loan amount of Rs 10 Lacs & above, score from two CICs are to be obtained. In such cases, the CIC Score 750 &
higher Score of the two CICs scores will be considered for arriving at the applicable rate of interest. above
5. Loan amount: CIC Score 700 and RLLR+BSP+ 0.20% RLLR+BSP+ 0.30%
Others Individual up to 749
i. For individuals/Proprietorship concerns:
CIC Score 650 to RLLR+BSP+ 0.55% RLLR+BSP+ 0.65%
a. 25 times of Gross Monthly Salary/ Pension/Income with a ceiling of Rs 100 L (for one or more less than 700
vehicles). 11. Security:
b. In-Charge PLPs may relax the criteria with regard to number of times. ✓ Vehicle purchased to be hypothecated to the bank. Name of the Bank/branch must be
c. CHCAC & above may relax the criteria and sanction need based amt within their vested loaning mentioned on the JRC (Joint Registration Certificate).
powers. 12. Guarantee/Collateral Security: Guarantee acceptable to the Bank in case of Gross Monthly salary/
ii. For Business Concerns (other than individuals i.e. Corporate, Non-Corporate, society etc.): pension/income is less than Rs. 50000/-. No guarantee required for permanent employees of Central
a. No ceiling of loan amount (for one or more vehicles). Subject to vested loaning power at various level. Govt./State Govt./PSBs/MNCs/Listed companies of BSE or NSE. Incumbents of Branches headed by Scale-
b. CHCAC & above may sanction need based amount within their vested loaning powers. IV & PLPs Head & above may waive the guarantee/collateral security on merits of each case.
c. Car loans financed to business concerns for personal use of their executives. 13. Next Higher authority in case of: i. Branch Sanction – Incharge PLPs & above
6. Scheme code: TLEVL, Purpose of advance code: VEHEC ii. PLPs Sanction – CHCAC & above.
41
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
34. PNB Car Loan: In-Built Car Loan Facility to Existing MSME/Corporate Borrowers (RAD:106/12.09.2022)
1. Eligibility: Insta (In-built) sanction of Fresh Car Loan to borrowers: 4. Appraisal: A separate Module in PNB Lens is available.
i. For other than Individual i.e. Proprietorship firm, Partnership firm/LLP, Pvt. Ltd., Society, trust etc for personal use of their 5. CIC Report: Fresh CIC Report to be generated.
executives (Under Retail Loan only) 6. Processing Fee/Documentation fees: NIL
7. Security: Hypothecation of vehicle to be purchased.
ii. For Proprietor/Partners/Directors of the firms/Company availing credit facilities from the Bank.
8. Documentation & Disbursement: As per existing car loan scheme.
✓ Account should not have been classified as SMA1/SMA2 in last 3 months.
9. Loaning Power:
✓ The minimum existing sanction credit facilities should be Rs. 100 Lac.
✓ The loan shall be sanctioned at PLP/MCC, wherever the account is
✓ All the terms and conditions of the previous sanction have been complied with.
being dealt within their vested loaning powers & in case of LCB/CBB
2. Validity period of sanction: Validity of automatic in-built sanction shall coincide with the validity of sanction of existing limit. customers, loan under above mentioned scheme to be sanctioned
(Limit should not be due for renewal) at PLP.
3. Assessment of Eligibility Criteria: ✓ Car Loan accounts under above mentioned scheme shall not be
opened in LCBs/ELCBs.
i. For other than Individual i.e. Proprietorship firm, Partnership firm/LLP, Pvt. Ltd., Society, trust etc for personal use of their
executives (Under Retail Loan only): 10. Terms of Sanction:
a) Financial Statement: ✓ The sanction & other terms and conditions shall be governed by the
✓ Loan amount to be arrived considering average cash profit (i.e. Net Profit after tax + Depreciation + Interest) for the last 2 existing PNB Car Loan Scheme. (For Retail Loans).
years as per the last 2 ITR & Balance sheets (audited wherever applicable) to serve the proposed instalments. ✓ A model request letter by existing customers along with quotation
of car, to be obtained.
✓ Two years ITRs & Balance Sheets should be in record and analysed.
✓ No separate application or any other Bank’s form is required to
✓ Business Concerns (Corporate or Non-Corporate)- Company/Firm to be in cash profit for the last 2 years. process the loan application.
✓ However, CHCAC & above may consider loan amount considering cash profit (i.e. Net Profit after Tax + Depreciation + ✓ No fresh KYC documentation to be asked. However, the processing
Interest) on the basis of last one-year ITR & Balance Sheet (audited wherever applicable) to serve the proposed instalments. officer to ensure that the existing account is KYC compliant.
✓ One years ITR & Balance Sheet to be obtained. OR ✓ Pre-sanction inspection visit for residence/ business/ employment
✓ Loan amount to be arrived considering minimum DSCR should be at least 1.50:1 and minimum one-year ITR & Balance verification is not required.
Sheet to be obtained & perused. ✓ No need of obtaining ITRs/ Balance sheets if already available.
✓ Rate of interest as applicable to Car loan scheme under Retail
✓ Maximum Loan Amount: 10% of the Sanctioned Limit. Maximum Rs. 100 Lakhs.
Segment.
ii. For Proprietor/Partners/Directors of the firms/Company availing credit facilities from the Bank: ✓ The facility is for existing customer availing CC/OD facilities,
undergone through Risk rating process. The same risk rating shall
a) Financial Statement: Average Income as per last 2-year ITRs. No need of again obtaining ITRs/Balance sheets if already
be utilized for processing the loan through PNB Lens.
available. ✓ There is no need for separate rating for other than individual
b) Loan Limit: customers.
Income Maximum Loan Limit ✓ For individual customers rating as applicable (PNB Score) as per
Upto Rs. 50000/- P.M. Rs. 5 Lakh existing system in place to continue.
Above Rs. 50000/- P.M. to Upto Rs. 1 Lakh P.M. Rs. 10 Lakh ✓ However, loaning power will continue to be guided by guidelines
Above Rs. 1 Lakh P.M. Rs. 25 Lakh issued by IRMD from time to time.
✓ The loans shall be classified under Retail Assets and to be opened
c) Net Take Home: under TLPVL/TLEVL Scheme.
Income %age ✓ User to select “Inbuilt Car loan to MSME Borrowers” in MIS Details
Upto Rs. 50000/- P.M. 40% while opening loan account under above mentioned new variant, in
Above Rs. 50000/- P.M. 30% CBS as well as in PNB Lens.
The Net Take Home Salary/Income should not be less than as indicated above after deducting the EMI/Interest of this proposed ✓ All other terms and conditions including Rate of Interest of “PNB
loan or any loan where instalment is yet to start. CAR LOAN” Scheme will remain unchanged.

42
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
35. PNB Saarthi: Two-Wheeler Loan Scheme to Public – Consolidated Guidelines (RAD:94/06.08.2022)
1. Purpose: For purchase of new Two wheelers: Scooter/Motor cycle/Scooterrete/Moped/e-Vehicle (subject to 5. Extent of Loan:
Registration of vehicle with RTO). i) For super bikes/hybrid two wheeler (Engine capacity 200 CC & above): Max Rs.
2. Eligibility: A) Individuals: 10 L. (Above Rs. 10 Lacs by Incumbent PLP & above).
✓ Existing customers of our bank with at least 6 months’ satisfactory transactional record OR new customer with ii) For all other Two Wheeler vehicles: Max Rs. 1.50 L.
satisfactory track record of last one year with other Bank/FI in the age group of 18-65 years and holding a valid 6. Margin:
driving license. i) Where salary is being disbursed through our branch/under Check off facility
✓ Salaried persons with pension are eligible upto 70 years of age. (Salaried): 10% (of on road price).
✓ AGM PLP/CHCAC & above may further relax the age criteria by 5 years. ii) Other than salaried/check off facility: 25% (of on road price).
✓ Salaried individuals drawing salary from our bank or under check off facility from the employer. On road price means: Invoice value + Cost of one-time Road Tax + First time
✓ Students: 18 years & ab till gainfully employed, with salaried parent as co-borrower drawing salary from our bank; comprehensive Insurance premium of one year.
B) Business concern (Corporate or Non-Corporate):
7. Repayment Period: For Scooters/M-Cycles: 60 EMIs. For Scooterrete: 30 EMIs. For
✓ Such proposals be dealt after being satisfied about the earning/repaying capacity. Mopeds: 24 EMIs.
3. Income Criteria/Pre-requisites:
8. Rate of Interest: i) Salaried Person: RLLR+ BSP+2.75%
✓ Minimum Net Monthly Salary/Income (NMS/I) of Rs.10000/- p.m. after all deductions including the proposed two
wheeler loan installment. ii) All Others including business concern: RLLR + BSP+3.25%
✓ Income of Spouse can be taken into account for determining loan amount/eligibility. In such case, the spouse be iii) To the wards/parents of existing/Ex staff: RLLR+ BSP+2.50%
made co-borrower. ✓ Concession of 0.25% in ROI for to the wards/parents of existing/Ex staff.
✓ In case of students, Income/salary proof of parent/guardian who will be co-borrower be considered. 9. Guarantee:
✓ Income of other than salaried/check off facility borrowers is verified from Income Tax Returns filed and challans i) Loan upto Rs. 25,000/-: No guarantee
for Tax Deposited. ii) Loan above Rs. 25,000/-: Suitable guarantee acceptable to the bank.
✓ However, minimum income criteria is waived for borrower who agrees to give 110% liquid security in shape of iii) Sanctioning authority may waive the guarantee in the following circumstances: ---
term deposit. a) Liquid Collateral Security (FDRs, NSCs, LICs) having Present Value/Surrender Value
4. Regularity of Income: of at least 60% of loan amount is offered.
i) For all class of borrower(s): The regularity of income of the borrower(s) over the entire span of loan should be clearly b) In case EM of IP is offered to the extent of 100% amount of loan.
established before sanction of loan, ITR (for the last 2 years) etc. be taken & perused. (Incumbent PLP and CHCAC & above may waive the guarantee)
ii) For salaried class: Latest salary slip, Form16/ITR for the last 2 years be taken, perused and placed on record.
10. Upfront Fee & Documentation charges: 0.50% of loan amount (Min- Rs.500/-,
✓ Assessment of Loan/Repaying capacity be arrived at on the basis of latest salary slip and other regular income.
Max-Rs.1000/-)
✓ Where 2 years ITRs/Form 16 is not available on account of lesser service period, the sanctioning authority may
consider sanction of loan provided last 12 months’ salary is verified. ✓ Concession of 50% in applicable upfront fee for loan to the wards/parents of
✓ Form16/ITR is not to be insisted upon, in case the proposed borrower is a confirmed/permanent employees of existing/Ex staff.
Central Govt./State Govt./PSUs/MNCs/Listed Companies at BSE or NSE, maintain his salary account with us, 11. Permissible Deductions:
drawing salary of an amount which does not categorize under taxable income and having his salary account with GMS/I Max. Permissible Deduction of GMS/I
our bank for the last two years. Further, Sanctioning Authority may consider sanction of loan provided last 12 Up to Rs. 50000 p.m. 50%
months’ salary is verified from latest salary slips and Statement of Account in case of service is less than 2 years. Ab Rs. 50000 p.m. 60%
iii) For other than salaried class: Assessment of loan/Repaying capacity be arrived at on the basis of average income as ✓ 10% extra Deduction i.e. upto 60% & 70%, may be permitted by CHCAC & above)
reported in the last 2 ITR. However, deviation regarding availability of ITRs/ABSs may be permitted by Incumbent PLP & ✓ Subject to minimum net take home income- Rs.10000/- including the proposed
CHCAC & above subject to taking of minimum 1 year latest ITRs/ ABSs. two wheeler loan installment.
iv) For business concerns (Corporate/Non-corporate): Minimum DSCR should be at least 1.50:1 and minimum 2 years 12. Loaning Powers: Sanctioning of these loans backed by 100% liquid security in the
ITRs and Balance Sheet to be obtained and perused. shape of FDRs, NSCs, and KVPs etc. will be considered subject to ceiling of the
v) For business concerns (Corporate/ Non-corporates): Loan amount to be arrived considering average cash profit (i.e amount in terms of the scheme and keeping in view the repayment capacity of the
Net Profit after Tax+ Depreciation) for the last two years as per the last two ITR and Balance Sheet (audited wherever borrower. These proposals shall be exempted from application of PNB Score.
applicable) to serve the proposed installments. Two years ITRs and Balance Sheet to be obtained.
vi) In case of persons engaged in allied agricultural activities and agriculturists, net income can be arrived at by 13. Scheme Code: TLPTL
sanctioning authority based on their land holding, cropping pattern, yield, etc.
43
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
36. PNB power Ride: Two-wheeler vehicle Loan to women borrowers
1. Purpose: For purchase of new Two-wheeler (Scooter/Motor cycle/ Scooterrete/Moped/e-
vehicle). (subject to Registration of vehicle with RTO)
2. Eligibility: For ‘Women’ borrower only:
✓ Salaried with minimum 6 months’ service in present organistaion;
✓ Self-employed with experience of more than 1 years (Based upon declaration/bank
account/ITR etc.)
✓ Student with their parents/guardian as co-borrowers;
Note:
✓ Individuals should be in the age group of 18-65 years and should hold valid driving
license.
✓ In case of students age of parents/guardian is to be considered and in that case driving
license may be in the name of Student/Parents/Guardian.
✓ Having an account preferably in PNB or in any Bank for more than 6 M.
✓ In case of students Bank account may be in the name of parents/guardian.
3. Income Criteria/Pre- requisites:
✓ Min Net Monthly Salary/Income (GMS/I) of Rs. 8000/- p.m. (including the proposed two
wheeler loan installment).
✓ In case of students: Income/salary proof of parent/guardian who will be co-borrower be
considered.
✓ Proof of Income: a) Latest 3 salary slips along with Form 16/ITR of previous year in
case of salaried borrower(s);
b) ITR of previous year in case of self-employed individuals;
Note:
✓ Stipulation of obtaining ITR may be waived off in those cases where the income
declared by the borrower is less than the ceiling prescribed under Income Tax Act for
filing mandatory ITR.
✓ Under such cases self-declaration of income in the form of affidavit shall be sufficient as
proof of income.
✓ Branches to relate the income declared by the borrower(s) with their transaction in
bank account and/or standard of living.
4. Maximum Permissible Deductions:
✓ All deductions including the proposed Two-wheeler loan installment should not
exceed 50% of Gross Monthly Salary/Income (GMS/I) of the borrower(s).
✓ Incumbent PLP/CHCAC & above are vested with the power to permit deduction 10%
over & above the prescribed ceiling on individual merits of the case and after
ascertaining expenditure pattern of the prospective borrower(s), i.e., Incumbent
PLP/CHCAC & above may permit deductions of GMS/I maximum upto 60%.
5. Extent of Loan: Max Rs 60,000/-
✓ CHCAC & above are vested with power to permit deviation for sanctioning loan
amount more than Rs.60000/- on case to case basis.
6. Margin: 10% of Ex showroom price. 7. Repayment Period: Max. 36 EMI
8. ROI: RLLR+BSP + 1.90% = 9.05%
(RAD:94/06.08.2022)
9. Security:
✓ Vehicle to be Hypothecated to the bank.
✓ Bill in the name of borrower with name of financing bank and branch as hypothecate should be
obtained;
✓ Joint Registration & Insurance of vehicle with Bank clause.
✓ Bank’s charge to be registered with RTO (name of the bank/branch must be mentioned on the JRC and
a duly verified copy of the same shall be kept with the Documents.
10. Guarantee: Suitable Guarantee acceptable to the sanctioning authority. Guarantor may be a family
member and/or third party. However cross guarantees are to be avoided.
11. Upfront Fee & Documentation charges:
✓ 0.50% of loan amount (Minimum- Rs.500/-, Maximum- Rs.1000/-)
✓ Concession of 50% in applicable upfront fee for loan to the wards/parents of existing/Ex staff.
12. Loaning Powers: Sanctioning of these loans backed by 100% liquid security in the shape of FDRs, NSCs, and
KVPs etc. will be considered at all level of branches subject to ceiling of the amt in terms of the scheme and
repayment capacity of the borrower. These proposals shall be exempted from application of PNB Score.
13. Insurance: Comprehensive insurance policy (covering third party insurance also) with agreed Bank clause.
14. Security Inspection:
✓ First inspection is mandatory and shall be carried out at the time of financing and PNB 551 shall be held
on record.
✓ For Regular A/C: Requirement of periodical Inspection, including obtaining of PNB 551, may be done
away with.
✓ For irregular & NPA A/C, inspection on quarterly or shorter intervals and PNB 551 shall be held on
record.
✓ Vehicle purchased to be hypothecated to the bank. Name of the Bank/branch must be mentioned on the
JRC (Joint Registration Certificate) and Branch Incumbent to verified copy of the same to be kept on
record.
✓ Any vehicle registered with the VAHAN Registry shall be deemed to be registered with the Central
Registry for the purpose of SARFAESI Act, 2002. Hence, Vehicle Details extracted from VAHAN Portal
must be treated equivalent to the copy of JRC provided by the borrower.
15. PNB Score:
✓ The cut-off level for ‘sanction’ of all the loan applications has been kept at the PNB score of ‘above 50’.
✓ The cases where PNB Score is above 40 & up to 50 can be considered by next higher authority for sanction.
Next Higher authority in case of: a) Branch Sanction: Incharge PLPs & above, b) PLPs Sanction: CHCAC &
above.
16. Other Guidelines:
✓ All existing as well as newly opened two wheeler Loan accounts must be mandatorily registered with Standing
Instruction (SI)/NACH Mandate/operative account.
✓ In all retail loan accounts, no disbursement of loan is allowed without recovery of all service charges including
legal fees & valuation fees debited (either through system or manually), from their operative SB/CA accounts.
✓ PNB Statement of Account for last 6 months OR for last 1-year statement of account of other Bank’s/Financial
Institution
17. In case of check off facility, undertaking from the concerned department for deducting monthly
installment be obtained. However, a minimum of 6 PDCs compulsorily be obtained from all type of borrowers.
44
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
37. PNB Aabhar Rin: Personal Loan Scheme for Pensioners (RAD: 84/19.07.2022)
1. Eligibility: 10. Permissible Deductions: All deductions including the proposed Pension
✓ All types of pensioners drawing pension through our branches. Loan instalment should not exceed the prescribed ceiling as under:
✓ An undertaking to be obtained from the concerned pensioner that he/she shall not change his/her present disbursing
Gross monthly Pension (GMP) Maximum permissible deduction of GMP
branch/bank without bank’s consent.
Upto Rs. 30000/- 40%
2. Purpose: To meet personal needs including medical expenses. Above Rs. 30000/- 50%
3. Extent of Loan: Minimum eligible loan amount of Pension Loan shall be Rs.25, 000/-.
✓ AGM-PLPs and CHCAC & above, shall permit higher % age deduction of
Maximum loan amount:
GMP subject to Maximum 10% over & above the prescribed ceiling
Age of Borrower Maximum Loan Amount
under each bracket of GMP, i.e., AGM-PLPs and CHCAC & above may
Public Pensioners Defence Pensioners permit deductions of GMP maximum upto 50% & 60% respectively.
Age upto 70 Years 18 times of net monthly pension OR 20 times of net monthly pension OR Max. ✓ Repaying capacity/assessment of loan be arrived at on the basis of
Max. Rs. 10 Lakhs, whichever is lower Rs. 10 Lakhs, whichever is lower. latest pension of the borrowers.
Above 70 years 18 times of net monthly pension OR 20 times in case of Defence Pensioners OR
and upto 75 years Max. Rs. 7.50 Lakhs, whichever is lower. Max. Rs. 7.50 Lakhs, whichever is lower 11. SERVICE CHARGES: Upfront Fee: NIL, Documentation charges: Rs 500/- +
taxes.
Above 75 years 12 times of net monthly pension OR Max. Rs. 5 Lakhs, whichever is lower.
12. Other Guidelines:
4. Nature of Loan: DL/TL/OD on monthly reducing DP basis.
✓ The loan can be availed more than once only after adjustment of earlier
5. Scheme Code: TLPPL/DLPPL/ODPPL. loan subject to satisfactory conduct of earlier account(s).
6. Margin: NIL ✓ In case of pensioners availing the facility through demand/term loan,
7. ROI: DL/TL/OD: RLLR + BSP+2.50% the branches to ensure that the monthly loan installment is recovered
on the date of crediting monthly pension in the account.
8. Repayment Period: ✓ In case of Overdraft, the pension of borrower should directly be
i) TL/DL: Max. 60 EMI or up to the age of 78 years whichever is earlier. (Irrespective of age of borrower). credited to OD account, which will immediately reduce the Drawing
ii) OD: Max. 60 M or up to the age of 78 years whichever is earlier, on monthly reducing DP basis (equal to EMI). (Irrespective of Power, by the amount of EMI thereby leaving little room for default on
age of borrower). account of deliberate withdrawal by the pensioners without providing
9. Security: for EMI.
✓ Guarantee of spouse eligible for family pension to be obtained. ✓ Field functionaries to ensure that all existing as well as newly opened
✓ Where loan is given to family pensioners, guarantee of earning children (Preferably Govt. Employee) to be taken. Personal Loan accounts to Pensioners must be mandatorily registered
✓ If no earning children or spouse, third party guarantee with net means of equal or more than loan amount, to be taken. with Standing Instruction (SI)/Operative account.

Strictly Confidential :: For Internal Circulation Only

45
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
38. PNB Insta Loans: Digital Lending: Pre-Approved Personal Loan to Pensioners Scheme
1. Introduction: In order to give hassle free digital experience to customers,
Bank has launched “PNB INSTA LOANS”- DIGITAL LENDING-End-to-End Pre-
approved automated personal loan scheme for pensioners who are drawing
pension through our branches.
The scheme has been customized within the broad guidelines of existing “PNB
AABHAR Rin- Personal Loan Scheme for Pensioners”. Under the aforesaid
digital lending mode existing pensioners drawing pension through our branches
can avail personal loan without visiting the branch.
2. Eligibility Criteria:
• All types of pensioners drawing pension through our branches.
• Maximum age of the applicant should not be more than 65 years.
• Average pension calculation will be done centrally with help of Bank’s
Analytics team.
3. Purpose: To meet personal needs.
4. Mode: Online Only.
5. Maximum Permissible Deductions:
• 40% of average of Gross monthly pension. Minimum monthly take home
pension after all deductions including proposed Insta Pension loan should be
Rs. 15000/- in all centers. Deductions to be computed from loans reported in
CIBIL report.
6. Loan Type & Scheme Code: Term Loan, TLDPL
7. Loan Amount:
• Minimum Rs. 25,000/- and Maximum Rs. 8,00,000/- (In states & UT where e-
stamping & e-documentation facility is available.)
• Minimum Rs. 25,000/- and Maximum Rs. 5,00,000/- (In states & UT where e-
stamping facility is not available.)
• 18 times of net monthly pension.
Note:-- As and when e-stamping of documents facility extended to other
states/Union territories, that particular state/UT will shift from waiver of e-
stamping category to e-stamping category with loan amount of Rs. 8,00,000/-
8. Minimum QAB: i) For loans upto Rs. 5 Lakh, No minimum QAB is required. ii)
For loans above Rs. 5 Lakh, Minimum QAB required is Rs.10000 for last 4
quarters.
9. Margin: NIL
10. Repayment Period:
• The entire loan (principal & interest) will be repaid in maximum 60 EMIs or
upto the age of 70 years whichever is earlier.
• Repayment to start one month after disbursement of the loan.
• Minimum repayment period is 1 month.
• Maximum age of the pensioners at the time of sanction - 65 years.
(RAD: 36/08.04.2022)
11. Credit History Analysis (CIC Score): Minimum acceptable score – 650 & above
(Pensioners with Score of -1 & 0 will also be eligible.
12. PNB Score:
• Score ranging from 0-100 will be assigned by the Scoring Model designed by IRMD on the basis of the various
CBS/declared/CIR parameters.
• Minimum required score for loan eligibility is above 50.
13. Rate of Interest: ROI charged is as per extant guidelines of the bank as below: RLLR+BSP+2.25%
14. Security: NIL
15. Upfront Fees:
• Upfront fees and documentation charges: 0.50% of loan amount + Taxes (Inclusive of all charges including Upfront Fee,
Documentation charges, stamp duty charges, CIC charges & other charges)
• Charges of the Bank will be recovered by CBS system automatically.
16. Scheme Applicability:
As on date e-stamping & e-documentation facility is live in 18 states & Union territory. These states/UTs are: Uttar Pradesh,
Delhi, Jharkhand, Tamil Nadu, Rajasthan, Karnataka, Puducherry, Andaman & Nicobar, Orisha, Chhattisgarh, Jammu &
Kashmir, Tripura, Himachal Pradesh, Maharashtra, Madhya Pradesh, Gujrat, Meghalaya & Kerala.
The maximum sanctioned limit under the scheme is Rs. 8 Lacs in these states with existing system of e-stamping & e-
documentation.
Other than the above states/UTs: The maximum sanctioned limit under the scheme is Rs. 5 Lacs in these states with existing
system of e-documentation. However, e-stamping is waived.
Further, as and when e-stamping of documents facility extended to other states/Union territories, that particular states/UTs
will shift from waiver of e-stamping category with loan amount of Rs. 8 Lacs.
17. Processing & Sanctioning of the Application:
• Eligible application will be processed and sanctioned by the PNB Instaloans Application on the pre-defined rules.
• If any eligibility condition is not fulfilled then message will be populated to the customer, for visiting the respective branch.
• Branch will have to ensure that Customer has not availed digitally Pre approved pensionl Loan before disbursement of the
said manually approved Loan.
• No customer will be sanctioned more than 1 pension loan at a time including offline account.
18. Acceptance of Terms & Conditions:
• Customer will accept the terms and conditions and execute digital documentation through NeSL based utility for Digital
Document Execution using Aadhaar based OTP.
• As execution of documents and payments of stamps are involved, therefore completely digital loans can be sanctioned in
states having e-Stamping facility.
19. Opening Of Loan Account: • Pre-approved Personal loan to pensioners account will be opened automatically in CBS on
getting acceptance of sanction letter and execution of e-documents by prospective borrower through Digital lending platform
(PNB InstaLoans), the said loan account will be parked in the branch where the customer maintains the Salary SB account.
20. DISBURSEMENT: • After opening of Loan account the automatic disbursement will be done to the SB pension account of
the borrower. • Charges of the Bank will be recovered by CBS system automatically.
21. COLLECTION: • System will create Standing instruction for Auto Debit of EMI from pension SB account of the Borrower at
the opening of account.
46
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
39. PNB Sahyog Rin: Personal Loan Scheme for Public (RAD: 63/20.06.2022)
1. Scheme Applicability: 9. Maximum Deduction:
✓ Sanction shall be permitted at the branches having a recovery rate of more than 90% GMS/I Max. Permissible Deduction of GMS/I
and NPA level is not more than 2% under the Personal Loan segment as at the end of Up to Rs. 30000 50%
previous financial year or NPA level more than 2% but upto 5% is concentrated in not > Rs. 30000 60%
more than 5% account under Personal loan scheme as at the end of previous financial (AGM-RAM/iRAM & CHCAC & above may permit 10% more deductions)
year.
✓ Branches (GBBs) which are not fulfilling the stipulation as above will forward the 10. Minimum take home after all deductions of proposed Personal Loan should be Rs. 15000/- in
personal loan application irrespective of loan amount to linked PLPs. Metro/Urban centre & Rs. 10000/- in Semi Urban/Rural centre.
- The GMS/I of spouse may be included to ascertain the repaying capacity where the spouse is
2. Eligibility: confirmed/permanent employee of Central/State Govt./PSB/PSUs and reputed companies/Institutions
i. Drawing salary through accounts maintained with our Branches: including Schools, Colleges, Universities, Hospitals if his salary is with us. In such cases, the spouse is to be
✓ All Confirmed/permanent employees of Central/State Govt./PSUs minimum 2 years made as co-borrower.
of service, including service with the previous employer(s), if any, all reputed (termed
as reputed only with the approval of Circle Head) companies/Institutions including 11. Rate of Interest:
Schools, Colleges, Universities, autonomous bodies, Hospitals/Nursing Homes who are Type CIC Score ROI
drawing their salary through accounts maintained with our branches. A) Loan to Defence/Para Military Personals Irrespective of CIC Score RLLR+BSP+ 2.15%
✓ Companies/Institutions including Schools, Colleges, Universities, Autonomous bodies, drawing salaries through our Bank including
Hospitals, Nursing Homes is to be concerned taking into account the reputation and customer covered under Rakshak Plus scheme
financial strength. B) a. Loan to Govt. Employees drawingsalaries CIC Score>= 800 RLLR+BSP+ 2.50%
ii. Check-off facility: through our Bank CIC>=750 less than 800 or RLLR+BSP+ 3.50%
✓ Minimum 3 years of service, including service with the previous employer(s), if any. b. Loan to Central Government gazette Officer With Nil Credit history (i.e.-1 or 0)
(Section Officer or equivalent and abocve) not CIC 650 to 749 RLLR+BSP+ 4.50%
Note: Applicable to (i) & (ii) above: CHCAC & above is empowered to consider case of lesser CIC Score less than 650 RLLR+BSP+ 5.00%
having salary account with us.
service on the merit of individual case. CIC Score>= 800 RLLR+BSP+ 3.50%
C) a. Loan to Corporate/other Employees drawing
3. Purpose: salaries through our Bank CIC>=750 less than 800 or With Nil RLLR+BSP+ 4.50%
✓ To meet all types of personal needs. b. Loan to Govt. Employees not drawing salary Credit history (i.e.-1 or 0)
✓ For closing or satisfaction of any existing liability of the borrower. with our Bank CIC 650 to 749 RLLR+BSP+ 6.50%
✓ However, sanctioning authority to ensure that only one personal loan is outstanding CIC Score less than 650 RLLR+BSP+ 7.00%
within the maximum permissible ceiling under the scheme on end of the day of D) Loan to employees under check off facility CIC Score>= 800 RLLR+BSP+ 5.00%
disbursement of personal loan to employee. CIC>=750 less than 800 or With Nil RLLR+BSP+ 5.50%
4. Amount of Loan: Credit history (i.e.-1 or 0)
✓ PNB Sahyog Rin- Personal Loan Scheme for Public (salaried): Up to 24 times of Gross CIC 650 to 749 RLLR+BSP+ 7.20%
CIC Score less than 650 RLLR+BSP+ 7.70%
Monthly Salary with a maximum of Rs. 20 Lakh depending upon the repaying capacity.
✓ For loan above Rs.10 L, customers having CIBIL Score of 650 & above only shall be i. 0.10% Additional Concession in applicable ROI to the customers who opts for coverage under Credit life
eligible to avail the loan. insurance.
5. Nature of Loan: TL/OD with reducing DP.
ii. 0.50% additional concession in applicable ROI to the employees of the institutions/corporateshaving
6. Scheme Code: TLPDG & ODPER. 7. Margin: NIL
exclusive Tie-Up with our bank and at least 100 employees (50 in case of Tie-ups with Educational
8. Repayment:
Institutions) of the said institutions maintaining salary acocunts with us.
i. Term Loan: Within remaining period of service or in maximum 72 EMIs.
ii. Overdraft: Within remaining period of service or in maximum period of 72 months by 12. Loaning Powers: Maximum Ceiling: Rs. 20 Lacs.
reducing DP equivalent to EMI amount at the beginning of every month. Branch Heads of GBB in S-I/II/III/IV: Rs. 10 Lacs.
iii. Defence Personnel including officials of Military Station Headquarters, BSF, CRPF, CISF, Segment Head/Incumbent RAM/iRAM: Rs. 20 Lacs.
ITBP etc. shall be Repayable in maximum 72 EMIs.

47
13. Regularity of Income:
i) For all class of borrower(s): The regularity of income of the borrower(s) over the entire span of loan should be
clearly established before sanction of loan.
ii) For Salaried class: Latest salary slip, Form16/ITR for the last 2 years be taken, perused and placed on record.
Assessment of Loan/ Repaying capacity be arrived at on the basis of latest salary slip.
iii) Where 2 years ITRs/Form 16 is not available on account of lesser service period, the sanctioning authority may
consider sanction of loan provided last 12 months’ salary is verified either from salary slips/form 16 or Statement of
Account. Salary certificates must be independently verified from HR Department of the Company/Concern).
Note: 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), maintain his salary account with us, and drawing salary of an amount which does not
categorize under taxable income and having his/her salary account with our bank for the last 2 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 account will not be transferred to other
bank during the currency of the loan.
14. Upfront Fee and Documentation Charges:
i. For public: Upfront Fee: 1% of loan amt + Taxes
Documentation charges: Upto Rs. 2 Lacs: Rs. 270 + Taxes; Over Rs. 2 Lacs: Rs. 450+ Taxes.
ii. For Defense Personnel: Both charges: NIL
Note: Field functionaries to ensure that in all retail loan accounts, no disbursement of loan is allowed without
recovery of all service charges including legal fees & valuation fees debited (either through system or manually),
from their operative SB/CA accounts.
15. Security:
✓ Suitable third party guarantee acceptable to the Bank subject to the condition
that one employee will not stand as guarantor in more than two accounts.
✓ Cross guarantee not permitted.
✓ RAM/iRAM Head & CHCAC and above may waive obtaining of guarantee.
✓ In case of Loan to Defence/Para Military Personals drawing salaries through our
Bank, maintaining salary account with our Bank for minimum 12 Months
including customer covered under Rakshak Plus scheme, sanctioning authority
may waive obtaining of guarantee on merits on case to case basis.
✓ Further, sanctioning authority, in any scale, may waive guarantee on merits, in
case of Loan to Confirmed/Permanent employees of Central/State Govt./PSUs,
having salary account with us and salary credited in account is more than Rs.
75000/- per month in last 3 months.
16. Pre-sanction Visit:
a. Pre-sanction visit of workplace of Defence personal and paramilitary forces posted at
sensitive/operational locations, maintaining salary account with our Bank for minimum
12 Months, be waived off on merits of the case.
b. Branch to ensure that salary account of the customer is KYC complied and has been
updated in the last 2 years. Further, sanctioning authority to also ensure that the latest
existing address as per bank’s record matches with the Bureau Record/report.
c. Field functionaries to refer General Guidance on Visit, in case of pre-sanction visit of
Borrowers other than above mentioned category of borrowers i.e. Defence Personals
and paramilitary forces.

Disclaimer
The objective of this Booklet is to provide an Overview of “Gist of Retail Lending Schemes”. Contents of this Booklet shall not form the basis
of any reference and bank circular will be the only referral document. This booklet has been compiled with utmost care however some
ommissions can not be ruled out. The intent of compiling this booklet is to provide a support only to the field functionaries working at PLP
(RAM) & GBBs. It must not be construed as a substitute of any circulars/guidelines. In case of any doubts/confusion/queries, the referred
circulars of bank only will prevail.

Strictly Confidential :: For Internal Circulation Only

48
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
40. PNB Doctor’s Delight: Personal Loan Scheme for Doctors (RAD: 63/20.06.2022)
1. Scheme Applicability: 10. Security:
✓ All Branches are permitted to generate/Procure loan applications for processing, sanctioning and for financing ✓ Suitable third party guarantee acceptable to the Bank. AGM
under the Scheme. RAM/iRAM & CHCAC and above may waive obtaining of guarantee on
✓ However, disbursement and further continuation of the account shall only be permitted at the branches having merits on case to case basis. OR
a recovery rate of more than 90% and NPA level is not more than 2% under the Personal Loan segment as at ✓ Tangible Collateral Security of the value of 100% of loan amount. OR
the end of previous financial year or NPA level more than 2% but upto 5% is concentrated in not more than Sanctioning authority, in any scale, may waive guarantee on merits, in case
5% account under Personal loan scheme as at the end of previous financial year. of Loan to Confirmed/ permanent employees of Central/ State Govt/PSUs,
✓ Branches (GBBs) which are not fulfilling the stipulation as above will forward the personal loan application having salary account with us and salary credited in account is more than Rs.
irrespective of loan amount to linked PLPs. The disbursement to be done by the concerned GBB. 75000/- per month in last three months.
✓ The said arrangement of sanctioning of personal loan by PLP will continue till the recovery rate and NPA level of
11. Regularity of Income:
the branches reaches the acceptable level The regularity of income of the borrower(s) over the entire span of loan
2. Eligibility: should be clearly established before sanction of loan. Latest salary slip, ITR
i. Professionally qualified practicing/serving Doctors (BDS, MBBS & above only) having Net Annual Income/Salary of (for the two year) etc. be taken & perused. While ITRs for the last 2 years
Rs.5 Lac & above. Doctors should be taxpayers for the last 2 years and the ITRs of the last 2 years duly receipted by shall be taken to ascertain continuity of income, Assessment of
ITR be kept on record. loan/Repaying capacity be arrived at on the basis of income as reported in
ii. Borrower should have a continued occupancy at current place of residence, of a minimum of 2 years. (Not the latest Salary slip/ITR.
applicable In Case of Doctors who are Employees of Govt./Institutions etc) For Salaried Doctors: Latest salary slip, Form16/ITR for the last 2 years.
3. Purpose: For meeting expenses of professional/personal requirement. Assessment of Loan/Repaying capacity: on the basis of latest salary slip.
4. Nature of Loan: TL & OD with reducing DP basis. 12. Maximum Deduction: All deductions including the proposed Personal
5. Scheme codes: Term Loan – TLPDD, Over Draft - ODPDD Loan instalment should not exceed the prescribed ceiling as under:
6. Amount of Loan & Minimum Net Annual Salary/Income: GMS/I Max. Permissible
✓ Minimum amount of loan will be Rs. 2,00,000/- and maximum amount of loan Rs. 20,00,000 or 24 times Deduction of GMS/I
monthly gross salary/income whichever is lower depending upon the repaying capacity subject to having Up to Rs. 50000 40%
Net Annual Income/Salary of Rs.5 Lakh & above. >Rs. 50000- Rs.100000 50%
✓ Note: In case of loan above Rs.10 lacs, customers having CIBIL Score of 650 & above only shall be eligible >Rs.100000 60%
to avail the loan. (Deductions: 10% extra by AGM RAM/iRAM & CHCAC & ab)
7. Margin: NIL Note: The GMS/I of spouse may be included while ascertaining the repaying
8. Rate of Interest: Irrespective of CIC Score: capacity where the spouse is confirmed/permanent employee of
i) PNB Doctor’s Delight – Personal Loan Scheme for Doctors: RLLR+BSP+2.15% Central/State Govt./PSB/PSUs and reputed companies/Institutions including
ii) PNB Doctor’s Delight – Personal Loan Scheme for Doctors: RLLR+BSP+1.15% Schools, Colleges, Universities, Hospitals provided her salary is with us. In
Concession of 1% where prospective borrower (Doctor) maintaining his/her salary account with us or maintain such cases, the spouse is to be made as co-borrower in addition to personal
his/her Receipt collection account with us or where Tangible Collateral Security of the value of 100% of loan guarantee of fellow employee.
amount. 13. Upfront Fee and Documentation Charges:
9. Repayment: Upfront Fee: 0.90% of loan amount + Taxes.
i. Term Loan: within remaining period of service or in maximum 84 EMIs. Documentation charges: Rs. 450 + Taxes.
ii. Overdraft: within a Max period of 84 months by reducing DP equivalent to EMI amount at the beginning of every 14. Loaning Power: Maximum Ceiling: Rs. 20 Lacs.
month. i) Branch Heads of GBB: Rs. 10 Lacs.
iii. Repayment of the loan along with intt should not extend beyond the age of 65 years of borrower. AGM ii) Segment Head/Incumbent PLP: Rs. 20 Lacs.
RAM/iRAM & CHCAC & above may relax upto the age of 70 years.

49
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
41. Personal Loan Scheme for Self-Employed (RAD: 63/20.06.2022)
1. Background ✓ To augment business under ‘Personal Loan segment’, it has been decided to offer Personal Loan to other than salaried persons also, accordingly a separate scheme
“Personal Loan Scheme for self-employed” has been designed within the broad parameters of “PNB Sahyog Rin – Personal Loan Scheme for Public/LIC Agents”.
2.Scheme ✓ The scheme is applicable to professional i.e. to CA/CS, Data Analysts, Architect/Valuers, LIC Agents, Engineers, Software Developers and Financial Consultants only.
Applicability: ✓ The scheme is applicable in Metro and Urban branches only. However, initially (in the first phase), the scheme to be rolled out in branches located in Metro centers
only and the classification of metro centers is to be decided as per guidelines issued by SMEAD. (Eligible metro branches is incorporated in PNB Lens).
✓ Sanction shall be permitted at the branches having NPA level not more than 2% under the Personal Loan segment as at the end of previous financial year.
✓ Branches (GBBs) which are not fulfilling the stipulation as above will forward the personal loan application irrespective of loan amount to linked PLPs.
✓ The disbursement to be done by the concerned GBB.
✓ The said arrangement of sanctioning of personal loan by PLP will continue till the NPA level of the branches reaches the acceptable level, to be reviewed on quarterly
basis by circle offices on the basis of last quarter audited figures.
3.Eligibility: ✓ Individual only – Professionals having minimum gross annual income (GAI) of Rs. 6 Lacs for the last 2 years and also having minimum CIC score of 750 & above.
And
✓ Maintaining his/her Saving Fund/Current Account satisfactorily with us for the last 2 years with minimum annual credit transactions in all saving/current accounts of
the customer in our bank/other banks, in similar capacity, amounting to Rs. 5 Lacs in the previous financial year.
✓ ITR of last 2 years be perused to ascertain the gross annual income.
4. Purpose, ✓ For personal use
Nature, Margin: ✓ Term Loan
✓ Margin: NIL
5. Loan Amt: 10 times of average Gross monthly income of last 2 years with a maximum of Rs. 5 Lacs.
6.Repaying i) Max. Permissible Deduction of average gross monthly income: 50% (all deductions including proposed EMI).
capacity: ii) Minimum monthly take-home income after all deductions: Rs. 20000/- at all Metro & Urban Centers.
iii) Regularity of Income: The regularity of income of the borrower over the entire span of loan should be clearly established before sanction of loan.
Latest ITR (for the last 2 years) etc. be taken & perused.
7. Repayment Maximum 60 EMIs or up to 65 years of age, whichever is earlier.
8. Rate of i) CIC Score ≥ 800: RLLR+BSP+3.50%
Interest: ii) CIC≥750* & less than 800 Or with Nil credit history (i.e. -1 or 0): RLLR+BSP+4.50%
*No loan be sanctioned below the CIC score of 750, however prospective borrower with NIL credit history (i.e. -1 or 0) will also be eligible.
9. Charges: ✓ Upfront Fee: 1% of loan amount + Taxes
✓ Documentation charges: Rs. 500 + Taxes
10. Security: ✓ Suitable third-party guarantee, other than close relative, acceptable to the Bank, having minimum gross annual income (GAI) of Rs. 6 Lacs for the last 2 years.
✓ Cross guarantee not permitted.
✓ CIC score of guarantors will be minimum 650.
11. PNB Score: ✓ PNB Score is mandatory. Minimum acceptable PNB Score is 50.
✓ No loan be sanctioned below the PNB score of 50.
✓ No power has been vested of relaxations in PNB score below 50 at any level.
12. Others: ✓ The scheme is applicable to professional i.e. to CA/CS, Data Analysts, Architect/Valuers, LIC Agents, Engineers, Software Developers and Financial Consultants only.
✓ The loan shall be processed and sanctioned through PNB LenS only.
✓ All other operational guidelines of PNB Sahyog Rin – Personal Loan Scheme for Public will be applicable.

50
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
42. Personal Loan Scheme for Life Insurance Corporation (LIC) of India Employees (RAD: 30/30.03.2022)
1. Eligibility: All Confirmed/permanent employees of LIC of India with minimum 1 10. Interest:
years of service. ➢ LIC employees having salary account with us RLLR (6.90%) +BSP (0.25%) = 7.15%
2. Purpose: To meet all types of personal needs. ➢ LIC employees not having salary account with us RLLR (6.90%) +BSP (0.25%) 7.15% + 0.50% = 7.65%
➢ ROI to be charged at (RLLR+ BSP) 7.15%, to employees who shift their salary account to our Bank.
3. Nature of Loan: Term Loan. ➢ Benefit of lower ROI will start from date of shifting of salary account.
4. Amount of Loan: 11. Security:
➢ Upto 24 times of Gross Monthly Salary with a maximum of Rs. 20 Lacs. ➢ NIL, if salary credited in account is more than Rs. 75000/- per month in last 3 months.
➢ Depending upon the repaying capacity. ➢ In all other cases, Suitable third party guarantee acceptable to the Bank subject to the condition that
5. Margin: NIL. one employee will not stand as guarantor in more than two accounts.
6. Repayment: ➢ Cross guarantee not permitted.
➢ Within remaining period of service or in maximum 72 EMIs, whichever is ➢ AGM RAM/iRAM & CHCAC & above may waive obtaining of guarantee on merits, on case to case
earlier. basis.
➢ Repayment to start one month after disbursement of the loan. 12. Service Charges: Upfront Fee and Documentation Charges: NIL
7. Max. Permissible Deduction of Gross Monthly salary: 13. Documentation:
Gross Monthly salary Max. Permissible If employee maintaining ➢ Loan application form (PNB 1114 A)
(GMS) Deduction of GMS salary a/c with PNB ➢ Term Loan Agreement (PNB 1115)
Up to Rs. 30000 50% 60% ➢ Agreement of Guarantee (PNB 58)
>Rs. 30000 60% 70% ➢ Affidavit declaring (a) details of existing borrowings from PNB & other financial institutions; and
(b) that no further loan will be raised either from PNB or any other bank/FIs/NBFCs under the
➢ Minimum take home salary after all deductions of proposed Personal Loan same/similar scheme till full repayment of personal loan from PNB.
should be Rs. 15000 in all centres. ➢ Statement of account (at least 6 months) of prospective borrowers having their account with our
➢ Regularity of Income: Latest salary slip, Form16/ITR for the last 2 years/1 year Bank/other Bank, be obtained to establish satisfactory transactional record.
(in case of lesser service) be taken, perused and pLaced on record.
➢ Assessment of Loan/Repaying capacity be arrived at on the basis of latest 14. Other Terms & Conditions:
salary slip. ➢ Incumbents to obtain Standing instruction/NACH mandate/ECS/PDC for monthly recovery of EMI.
➢ The loan shall be processed and sanctioned through PNB LenS only.
8. CIC score: ➢ A letter be sent to the employer by Registered post informing details of Personal loan raised by the
➢ No loan be sanctioned below the CIC score of 680. employee from the bank. (In case the facility of sending the information through E-mail is available, the
➢ However prospective borrowers with NIL credit history (i.e. -1 or 0) are same must also be utilized in addition to letter by Registered Post).
eligible. ➢ For employees not having salary A/c with us: The employee will give an irrevocable authority to the
9. PNB Score: branch for recovery of due monthly installment from their salary saving account. Copy of this
➢ If PNB Score is >50, loan proposal may be considered for sanction at Branch/ undertaking will be forwarded to employer through Registered AD for their record.
RAM/iRAM level. ➢ Loan can be sanctioned for closing or satisfaction of any existing liability of the borrower. However,
➢ If PNB Score is > 40 and <= 50, loan proposal may be considered for sanction sanctioning authority to ensure that only one personal loan is outstanding that too within the maximum
with proper justification by next higher authority. permissible ceiling under the scheme on end of the day of disbursement of personal loan to employee.
➢ Next Higher authority: In case of Branch Sanction: AGM RAM/iRAM & above. ➢ All other operational guidelines of PNB Sahyog Rin - Personal Loan Scheme for Public will be applicable
In case of RAM/iRAM Sanction: CHCAC & above. mutatis mutandis.

51
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
43. Digital Lending: Pre-Approved Personal Loan (PAPL) to Existing Customer (Central Govt./State Govt./PSU Employees)
(RAD: 69/04.07.2022, RAD: 78/15.07.2022, 86/27.07.2022)
1. Background: 10. Rate of Interest: i) CIC Score >=800: RLLR+BSP+2.25%
✓ In order to provide the said Digital Loans to the customers, a Digital Lending Platform has
been developed (PNB Instaloans). The said platform processes, sanctions and disburse the
personal loan to Central Govt./State Govt./PSU/ Pvt employees and reduces turnaround time
substantially as this digital loan for eligible borrower is sanctioned within minutes. The said
platform digitally underwrite and disburse the loan using data analytics, inbuilt Risk Scoring
Model, CIC Report analysis etc.
✓ Work flow of borrower applicant: Eligible customers shall receive the Pre-Approved Personal
Loan offer from PNB. The applicant then has to visit the platform through
https://instaloans.pnbindia.in. The applicant borrower can also reach the portal through
PNB’s corporate website www.pnbindia.in and also through PNB One application.
2. Purpose: To meet all types of personal needs.
3. Eligibility Criteria:
✓ Applicant should be a Govt. Employee (Centre, State, Defense & Paramilitary Forces or
PSU)/private salaried employees drawing salary through our bank
✓ All confirmed staff members are also eligible for loan on the basis of salary drawn in salary
account (SB/OD) and deductions as per CIC report generated with all terms & conditions as
applicable to Public except services charges, which are NIL.
✓ While calculating eligibility, it is ensured that the loan is to be repaid till retirement or
maximum period of repayment whatever is earlier.
✓ Salary is credited in the salary account of the customer for 10 months out of last 12 months.
✓ Credits for any 2 months out of last 3 months are mandatory.
✓ Further, last month salary should also be credited in the account mandatorily.
✓ Average salary calculation will be done centrally with the help of Bank’s Analytics team at
MISD.
4. Loan Amount: i) 10 times of average of 10 months out of last 12-months salary credited in the
account. ii) Minimum Rs 25,000/-. Maximum Rs. 8 Lakh for Govt. Employee (Centre, State,
Defense & Paramilitary Forces or PSU)/drawing salary through our bank and for Private salaried
employees drawing salary through our bank maximum loan amount will be Rs. 5 Lakh.
iii) 10 (higher) out of 12 credits on any date of the month will be considered for average calculation.
iv) In case of multiple credit, highest credit to be considered.
Exceptions for credit entry: a. Cash deposit. b. Credit transfers through same cust ID. c. Closure
proceeds of FD/RD. d. Customer Induced transfer. e. Eligible credit of the subsequent month having
variation of more than 20% from the last month eligible credit.
5. Maximum Permissible Deductions:
✓ Minimum take home after all deductions of proposed Personal Loan should be Rs. 15000 in
Metro/Urban Centers & Rs. 10000 in Semi Urban/Rural Centers. (Based on location of branch
where account is maintained.) Deductions to be computed from loans reported in CIBIL report.
6. Minimum QAB: i) For loans upto Rs 5 Lakh, No minimum QAB is required.
ii) For loans above Rs 5 Lakh, Minimum QAB required is Rs. 10000 for last 4 qtrs.
7. Margin: Nil. 8. Security: Nil.
9. Repayment Period: Remaining period of service, Maximum upto 60 months.
ii) CIC Score >=750 & less than 800 or with NIL Credit History i.e. Score of -1 or 0: RLLR+BSP+3.25%.
iii) CIC Score-700 to 749: RLLR+BSP+4.25%
11. Mode of Scheme: Online Only.
12. Customer Segment: Pre-Selected Customer Segment.
13. Loan Type & Scheme Code: Term Loan, TLPDL
14. Credit History Analysis (CIC Score): Minimum acceptable score: 700 & above. (Employees with Score
of -1 & 0 will also be eligible with ROI of RLLR + 3.50%).
15. PNB Score: Minimum required score for loan eligibility is above 50.
16. Upfront Fees & Documentation Charges:
• 0.50% of loan amount inclusive of all the charges with Min. Amt of Rs.500/- + GST inclusive of all
charges & stamp duty. • The charges are inclusive of Upfront Fee, Documentation charges, stamp duty
charges, CIC charges & other charges.
• No charges for loan availed by staff. (except CIC & stamp duty charges)
• Charges of the Bank will be recovered by CBS system automatically.
17. Processing & Sanctioning of The Application:
• Eligible application will be processed & sanctioned by the PNB Instaloans Application through PNB One App &
Corporate website on the pre-defined rules.
• If any eligibility condition is not fulfilled then an appropriate message will be populated to the customer, for
visiting the respective branch.
• In such case branch will have to ensure that Customer has not availed digitally Pre-approved personal Loan
before disbursement of the said manually approved Loan. • No customer will be sanctioned more than 1
personal loan at a time including offline account.
18. Scheme Applicability:
• The maximum sanctioned limit under the scheme to Govt. Employee (Centre, State, Defense & Paramilitary
Forces or PSU) is Rs 8 Lacs in all states/UTs with existing system of e-stamping & e-documentation as
applicable to Delhi state.
• The maximum sanctioned limit under the scheme for Private salaried employees drawing salary through our
bank is Rs 5 Lacs in all states/UTs with existing system of e-stamping & e-documentation as applicable to
Delhi state.
• 1. For loans with sanctioned limit upto Rs. 4.00 lac: E-signing & e-stamping of loan documents is waived. In
place of loan documents including Term Loan Agreement, sanction letter mentioning terms and conditions of
loan is to be taken digitally
• 2. For loans with sanctioned limit above Rs. 4.00 lac to Rs. 8.00 lac: Documentation will be executed with
existing system of e-signing & e-stamping.
19. Transactional Data: CBS Transactional data is analyzed for checking eligibility and loan assessment of
the applicant by Analytics team of MISD: HO.
20. Borrower to accept the terms & conditions and execute digital documentation through NeSL based utility
for Digital Document Execution using Aadhaar based OTP.
21. Branch Roles: Loan account will be opened in the same SOL where primary account, on the basis of which
offer is being made, maintained. Branch will take print outs of Application form, Appraisal-cum Process Note,
CIC report undertakings, loan documents and these will be kept on record. The Branch maintaining the loan
account will ensure the processing charges are recovered as per the scheme. The branch maintaining the loan
account of the customer will be responsible for follow up in irregular accounts or for recovery in NPA accounts.
52
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
44. New Variant-Digital Lending: Pre-Approved Personal Loan (PAPL) to:
1) Existing Car Loan, Home Loan & Personal Loan Borrowers; 2) Existing PNB Customer on the basis of QAB & TRV
1. Background:
✓ In order to give boost to digital lending,
new variant “Pre-Approved Personal loan
to existing Car loan, Home loan and
Personal loan borrowers”, has been
approved on 30.06.2022, in addition to
Pre-Approved Personal Loan facility to
existing customers (Central Govt./State
Govt./PSU/PVT. Employees and
Pensioners).
✓ Again on 01.08.2022, another variant
“Pre-Approved Personal Loan to PNB
customers having deposit relationship
with us on the basis of QAB & TRV” was
approved.
2. Features:
✓ In order to provide the said Digital Loans
to the customers, a Digital Lending
Platform has been developed (PNB
Instaloans).
✓ The said platform processes, sanctions
and disburse the personal loan to above
mentioned customers and reduces
turnaround time substantially as this
digital loan for eligible borrower is
sanctioned within minutes.
✓ The said platform digitally underwrites
and disburse the loan using data
analytics, inbuilt Risk Scoring Model, CIC
Report analysis, income estimate, existing
deduction etc.
✓ As per the workflow Eligible customers
receives the Pre-Approved Personal Loan
offer from our Bank through SMS/e-mail.
The interested applicant has to visit the
platform through
https://instaloans.pnbindia.in to avail the
offer. The applicant borrower can also
reach the portal through PNB’s corporate
website www.pnbindia.in and also
through PNB One application.
(COMPILED BY R C JHA, AGM, HO: CRMD)
(RAD: 118/01.10.2022)
(1) Digital Lending: PAPL to Existing Customer (i) Car Loan Borrowers (ii) Home Loan Borrowers and (iii) Personal Loan Borrowers:
1. Eligibility: i. Existing Car Loan Borrower with: a) satisfactory track record, b) Car loan older than 3 years, c) having an operative SB/CA account in our Bank.
ii. Existing Home Loan with: a) sanction limit of > Rs. 7.50 lacs, b) with satisfactory track records, c) Home loan where repayment started and borrower is
repaying EMI from repayment start date regularly for last 3 years, d) Having an operative SB/ CA account in our Bank.
iii. Existing Personal loan with: a) satisfactory track record, b) Personal loan is older than 3 years, c) Having an operative SB/CA account in our Bank.
✓ Car Loan, Home loan and Personal Loan account against which Digital personal loan is being offered, should not be in SMA1/SMA2 at any point of time
from the date of sanction.
2. Purpose: Personal Use. 3. Customer Segment: Pre-Selected Customer Segment. 4. Mode: Online-Digital-End to End. 5. Nature of Loan: Term Loan.
6. Extent of Loan: Minimum: Rs. 0.50 Lakh, Maximum Rs. 8 Lakh (A) or 100% of difference between loans disbursed & Present outstanding of Car loan, Home
Loan & Personal loan (B); whichever is lower between (A) & (B).
7. Margin: NIL. 8. Scheme Code: TLDTL. 9. Delegation Power: Digitally. 10. Loan allowed: for CIC score 750 and above.
11. Rate of Interest: i) CIC score >=800: ROI -- RLLR+BSP+2.25%. ii) CIC Score >=750 less than 800: ROI -- RLLR+BSP+3.25%
12. PNB Score: Waived (PNB Score already done at the time of sanction of respective Car Loan, Home Loan and Personal Loan will be applicable)
13. Repayment: Maximum in 60 EMIs. Repayment to be ensured within 60 years of age of the borrower.
14. Processing fee: 0.25% of loan amount inclusive of all the charges with Min. Amt of Rs.1000/-+GST, inclusive of all charges & stamp duty.
The charges is inclusive of Upfront Fee, Documentation charges, stamp duty charges, CIC charges & other charges.
15. Scheme Applicability:
✓ The maximum sanctioned limit under the scheme to existing Car, Home & Personal Loan borrower is Rs 8 Lakhs in all states/UTs with existing system of
e-stamping & e-documentation as applicable to Delhi state.
✓ However: 1. For loans with sanctioned limit upto Rs. 4 Lakhs, E-signing & e-stamping of loan documents is waived. In place of loan documents including
Term Loan Agreement, sanction letter mentioning terms and conditions of loan is to be taken digitally.
✓ 2. For loans with sanctioned limit above Rs. 4 Lakhs to Rs. 8 Lakhs: Documentation to be executed with existing system of e-signing & e-stamping.
16. Acceptance of Terms and Conditions:
i) Upto Rs. 4 Lacs: Customer to accept the terms and conditions along with sanction letter using OTP through registered Mobile Number.
ii) Above Rs. 4 Lacs to 8 Lacs: Customer to accept the terms and conditions along with sanction letter and execute digital documentation through NESL based
utility for Digital Document Execution using Aadhaar based OTP.
17. Opening of Loan Account: Digital Personal Loan to existing Car Loan, Home Loan and Personal Loan Borrower will be opened automatically in CBS on
getting acceptance of sanction letter and execution of edocuments by prospective borrower through Digital lending platform (PNB Insta Loans), the said loan
account will be parked in the branch where the customer maintains the Car Loan, Home loan or personal loan account on the basis of which Pre-approved
Personal Loan is being offered.
18. Disbursement: • After Loan account opening, the automatic disbursement will be done to the Operative SB/CA account of the borrower.
• Charges of the Bank will be recovered by CBS system automatically.
19. Collection: System will capture operative account for Auto Debit of EMI from Operative SB/CA account of the Borrower at the time of opening Pre-
approved personal loan account.
20. Branch Roles: • Branch to take print outs of Sanction letter, CIC report undertakings, loan documents and these will be kept on record.
• The branch maintaining the loan account of the customer will be responsible for follow up in irregular accounts or for recovery in NPA accounts.
• A dashboard is available to deal with above mentioned reports at URL https://10.192.11.97:8443 in CBS PC.
21. Other Terms and Conditions: • No Loan, to be sanctioned with CIC score less than 750 of borrower. Fresh CIC score to be generated while sanctioning
Digital personal loan to existing Car Loan, Home Loan Borrower and Personal Loan Borrower. • Only one top-up loan is allowed at a time.
• In case of joint account Holder, first borrower will only be eligible for digital personal loan.
• Car Loan, Home Loan, Personal Loan account against which Digital personal loan is sanctioning should not be in SMA1/SMA2 at any point of time from the
date of sanction. • The eligibility of the customers is based on data extracted on pre-defined logics through analytical team of HO: MISD.
53
(2) Pre-Approved Personal Loan to PNB Existing Customers on the basis of: (i)
Quarterly Average Balance (QAB) & (ii) Transactional Relationship Value (TRV):
1. Eligibility/Selection Criteria of prospective Borrowers:
Following customers will be eligible for availing loan under proposed scheme:
Eligibility Base 1 (TRV):
1. Operative Saving Accounts customers with at least 1 year of account relationship with the Bank.
2. Customer Age group between 18-60 years.
3. i. Minimum amount of Rs. 20,000/- is credited in the operative saving account of the customer
for last 10 months out of last 12 months, ii. Credit for any 2 months out of last 3 months are
mandatory, iii. Further the amount Rs. 20,000/- should also be credited in the account mandatorily
in the last calendar month.
4. Exclude last 12 months SMA-1/SMA-2/NPA customer.
5. Excludes existing personal/Pension/PAPL loan.
6. Customers meeting CIBIL threshold (CIC 700, -1/0 CIC score)
Eligibility Base 2 (QAB):
1. Consistent QAB for last 12 months>= 1 lakhs (4 quarters)
2. Operative Saving Accounts customers with at least 1 year of account relationship with the Bank.
3. Customer Age group between 18-60 years.
4. Exclude last 12-month SMA1/SMA2/NPA customers.
5. Customers meeting CIBIL threshold CIC>=750
6. Exclude existing Personal/Pension/PAPL Loan.
Exception for credit entry (applicable for both Base1 & Base 2):
a. Cash Deposit
b. Credit transfer through same cust ids.
c. Closure proceeds of FD/RD.
d. Customers having accounts with single customer id are allowed for this scheme.
e. Credit entry selected for eligibility criteria having variation more than 20% from last month, if
any, shall be excluded.
2. Purpose: Personal Use.
3. Customer Segment: Pre-Selected Customer Segment.
4. Mode: Online - Digital - End to End.
5. Nature of Loan: Term Loan.
6. Extent of Loan: Minimum: Rs. 0.25 Lakh, Maximum: Rs. 4.00 Lakh.
Base 1: 10 times of last 12 months, average monthly credit in account.
Base 2: 1.25 times of average of last 4 quarters QAB.
Note: Applicable in both Base 1 & 2 above: subject to maximum permissible deduction including
the proposed PAPL installment should not exceed 50% of all deductions in CIC generated at the
time of sanction. Further, net monthly take home after all deduction, including proposed loan,
should not be below 15000/- at all centers.
7. Max. Permissible Deduction/Minimum take home:
✓ Minimum take home 50%, subject to net monthly take home after all deduction, including
proposed loan, should not be below 15000/- at all centers.
✓ The source of Income Estimate will be pre-screening/scrubbing of customer based in the data
available through borrower hits on CIC companies.
8. Margin: NIL. 9. Scheme Code: TPAPL
10. Rate of Interest: ROI will be as per extant guidelines for digital loans on the basis of CIC score as
under:
CIC Score Rate of Interest
> 800 RLLR + BSP + 2.25%
> 750 less than 800 RLLR + BSP + 3.25%
700 to 749 including -1 or 0 RLLR + BSP + 4.25%
11. Repayment: Maximum in 60 EMI. Repayment to be ensured within 65 years of age of the borrower.
12. Processing Fee:
✓ 0.50% of loan amount inclusive of all the charges with Min. amt of Rs.500/-+GST inclusive of all
charges.
✓ The charges is inclusive of Upfront Fee, Documentation charges, CIC charges & other charges.
13. PNB Score: Separate PNB Score has been developed by HO: IRMD.
14. Delegation Power: Digitally.
15. Documentation: Existing documents as applicable in Digital Personal Loan will be applicable as
proposed scheme is upto Rs. 4 lacs, i.e. sanction letter mentioning terms and conditions of loan is to be
taken digitally.
16. Acceptance of Terms & Conditions: Customer will accept the terms and conditions along with
sanction letter using OTP through registered Mobile Number.
17. Opening of Loan Account: Digital Personal Loan will be opened automatically in CBS on getting
acceptance of sanction letter by prospective borrower through Digital lending platform (PNB Insta
Loans), the said loan account will be parked in the branch where the customer maintains the SF account.
18. Disbursement: i. After Loan a/c opening the automatic disbursement will be done to the Operative
SB account of the borrower. ii. Charges of the Bank will be recovered by CBS system automatically.
19. Collection: System will capture operative account for Auto Debit of EMI from Operative SB/ CA
account of the Borrower at the time of opening Pre-approved personal loan account.
20. Branch Roles:
✓ Branch will take print outs of Sanction letter, CIC report undertakings, loan documents and these
will be kept on record.
✓ The branch maintaining the loan account of the customer will be responsible for follow up in
irregular accounts or for recovery in NPA accounts.
✓ A dashboard is available to deal with above mentioned reports at URL https://10.192.11.97:8443 in
CBS PC.
21. Other Terms & Conditions:
✓ No Loan, to be sanctioned with CIC score less than 700/750 of borrower as the case may be.
✓ Fresh CIC score to be generated while sanctioning Digital personal loan to existing PNB customers on
basis of QAB and relationship value.
✓ Facility will be allowed to customer having account in Single name and single customer Id.
✓ The eligibility/selection of the customers is based on data extracted on pre-defined logics through
analytical team of HO: MISD.
✓ All other terms and conditions of existing Pre-Approved Personal loan scheme will remain
unchanged and to be followed.
22. Miscellaneous: If any customer is eligible in all variants of Pre-Approved Personal loan (PAPL) offer,
the offer will be prioritized in following order: ---
1. To Existing Customers Central Govt. /State Govt. /PSU/PVT. Employees/pensioner, →
2. To existing Home Loan Borrower, → 3. To existing Car Loan Borrower; →
4. To existing Personal Loan; → 5. To existing customer on the basis of TRV/QAB
54
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
45. Personal Loan Schemes: Meeting Emergent Funds Requirement for Covid Related Medical Needs
(A) PNB Sahyog Rin Covid: Personal Loan Scheme for customers
drawing salary through our bank:
i) Validity of Scheme: Up to 31.03.2022.
ii) Eligibility: All Salaried (Govt. or Private) having salary a/c with
us and drawing regular salary for last 12 M.
iii) Purpose: For COVID treatment of self or family members on
or after 01.04.2021.
(An undertaking from the borrower to be obtained that the fund
will be used/has been used for treatment of COVID for self or
family members.)
iv) Nature of Loan: Term Loan.
v) Amount of Loan:
For Salaried: 6 times of the average of last 6 months salary
credited in the account. Maximum: Rs. 3 Lacs.
Note: Maximum ceiling of Loan amount per borrower under the
Personal Loan Scheme is Rs 10 Lacs (Rs 15 Lacs in case of
Doctors), including fresh loan under PNB Personal Loan-PNB
Sahyog COVID.
Reimbursement facility upto 3 months is available.
vi) Tenure: Maximum 60 months or remaining period of service,
whichever is lower. (including doctors)
vii) Income Criteria: Minimum take home after all deductions
including proposed Personal Loan should be: Rs.15000/- in
Metro/Urban center & Rs.10000/- in Semi Urban/Rural center.
viii) Rate of Interest: RLLR + 1.70%, irrespective of the CIC Score.
(Interest Table Code: TPPLC)
ix) CIC Score: 650 & above.
x) Margin: NIL
xi) Documents Required: As per “Personal Loan Scheme for
Public-PNB Sahyog Rin”
xii)Processing & Documentation Charges: NIL
xiii) Security/Guarantee: As per “Personal Loan Scheme for
Public-PNB Sahyog Rin” (3rd Party Guarantee is to be obtained,
no cross guarantee)
xiv) Minimum Permissible Deductions:
Gross monthly Maximum permissible
Pension deduction of GMP
Upto Rs. 30000/- 55%
Above Rs. 65%
30000/-
xv) Others: All other operational guidelines (viz. Scheme
applicability, other guidelines) will be as per the consolidated
guidelines on “Personal Loan Scheme for Public – PNB Sahyog
Rin circulated vide RAD Circular 47/2021 dated 27.04.2021.
(COMPILED BY R C JHA, AGM, HO: CRMD)
(B) PNB Aabhar Rin Covid: Personal Loan Scheme for
Pensioners:
i) Validity of Scheme: Up to 31.03.2022.
ii) Eligibility: All types of pensioners drawing pension through
our branches.
iii) Purpose: For COVID treatment of self or family members on
or after 01.04.2021. (An undertaking from the borrower to be
obtained that the fund will be used/has been used for treatment
of COVID for self or family members.)
iv) Nature of Loan: Term Loan.
v) Amount of Loan:
For Salaried: 6 times of the average of last 6 months Pension
credited in the account. Maximum: Rs. 3 Lacs.
Note: Maximum ceiling of loan amount is within the overall
ceiling of Rs.10 Lacs (for age upto 70 yrs), Rs. 7.50 Lacs (for age
above 70 years & upto 75 Years) & Rs. 5 Lacs (age above 75
years) including fresh loan under “Personal Loan Scheme for
PensionersPNB Aabhar Rin Covid.
Reimbursement facility upto 3 months is available.
vi) Tenure: Max 60 months subject to maximum age permitted
under the scheme. i.e. “Personal Loan Scheme for Pensioners-
PNB Aabhar Rin”.
vii) Income Criteria: Minimum take home after all deductions
including proposed Personal Loan should be: Rs.15000/- in
Metro/Urban center & Rs.10000/- in Semi Urban/Rural center.
viii) Rate of Interest: RLLR + 1.70%, irrespective of the CIC Score.
(Interest Table Code: TPPLC)
ix) CIC Score: 650 & above.
x) Margin: NIL
xi) Documents Required: As per “Personal Loan Scheme for
Pensioners- PNB AabharRin”
xii)Processing & Documentation Charges: NIL
xiii) Security/Guarantee: As per “Personal Loan Scheme for
Pensioners- PNB AabharRin” (Guarantee of family pensioner, in
case no family pensioner - 3rd party guarantee)
xiv) Minimum Permissible Deductions:
Gross monthly Maximum permissible
Pension deduction of GMP
Upto Rs. 30000/- 50%
Above Rs. 30000/- 60%
xv) Others: All other operational guidelines will be as per the
consolidated guidelines on “Personal Loan Scheme for
Pensioners- PNB Aabhar Rin” circulated vide RAD Cir 48/2021
dtd 27.04.2021.
55
(RAD: 63/01.06.2022)
(C) PNB Covid Suraksha: Personal Loan scheme for self-employed/other
than salaried and pensioners:
i) Validity of Scheme: Up to 31.03.2022.
ii) Scheme Applicability: Sanction shall be permitted at the branches
having a recovery rate of more than 90% and NPA level is not more than
2% under the Personal Loan segment as at the end of previous financial
year or NPA level more than 2% but upto 5% is concentrated in not more
than 5% account under Personal loan scheme as at the end of previous
FY. Branches (GBBs) which are not fulfilling the stipulation as above will
forward the personal loan application irrespective of loan amount to
linked PLPs. The disbursement to be done by the concerned GBB.
iii) Eligibility: Individual only- Self-employed (Other than salaried &
pensioners) having minimum gross annual income (GAI) of Rs. 3 Lacs for
the last two years. and Maintaining his/her saving/current
account satisfactorily with us for the last 2 years. ITR of last 2 years be
perused to ascertain the gross annual income.
iv) Purpose: For COVID treatment of self or family members on or after
01.04.2021.
v) Nature of Loan: Term Loan.
vi) Repaying capacity: Max. Permissible Deduction of average monthly
gross income – 50% (all deductions including proposed EMI). However,
Minimum monthly take-home after all deductions should be Rs. 20000/-
Regularity of Income: The regularity of income of the borrower(s) over
the entire span of loan should be clearly established before sanction of
loan. Latest ITR (for the last 2 years) etc. be taken & perused.
vii) Amount of Loan: 5 times of average net monthly income of last two
years, maximum Rs. 1 Lac.
Reimbursement facility up to 3 month is available.
viii) Repayment: Maximum 60 EMIs or upto 60 years of age whichever
is earlier. (Including moratorium of 3 months).
ix) Rate of Interest: RLLR + 1.70%, irrespective of the CIC Score.
(Interest Table Code: TPPLC)
x) CIC Score: 700 & above.
xi) Margin: NIL
xii) Upfront Fee & Documentation Charges: NIL
xiii) Security: Third party guarantee acceptable to the Bank. Cross
guarantee not permitted.
xiv) Documents Required: As per “Personal Loan Scheme for Public-PNB
Sahyog Rin”.
xv) Others: All other operational guidelines (viz. Scheme applicability,
other guidelines) will be as per the consolidated guidelines on “Personal
Loan Scheme for Public – PNB Sahyog Rin circulated vide RAD Circular
47/2021 dated 27.04.2021.
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
46. Advance against Gold Jewellery/Ornaments
1. General Guidelines:
i. Loan against gold Jewellery/ornaments is to be sanctioned only to the true owner of
the jewels. A declaration has been incorporated in the application-cum-letter of pledge to
the effect that the applicant is the true owner of the Jewellery offered as security. The
Branch Manager/Officer shall satisfy herself/himself that the party pledging the jewels is
the true owner of the jewels.
ii. Loan against gold Jewellery/ornaments are to be granted only after getting jewels duly
appraised by the Jewel Appraiser empanelled by the Bank.
iii. Loan against gold Jewellery/ornaments are to be granted only by authorized branches.
At present the power to authorize branches is vested with Zonal Managers.
2. Purposes & Eligibility:
i. Advance be granted against the security of gold Jewellery/ornaments for personal
needs and for non-agricultural purposes only (meeting medical, educational, marriage
expenses and other unforeseen expenses etc.).
✓ There is a separate gold loan scheme for agricultural purpose gold loan.
✓ Loan is not to be granted for any speculative purposes.
✓ Purpose & genuineness of the advance be ascertained before sanction of loan.
ii. Gold loans are to be granted only against gold ornaments/Jewellery and No loan to be
sanctioned against bullion, primary/smuggled gold and gold coins.
✓ In case of ornaments with jewel fittings, infilling, net weight as certified by assessor
shall be considered for determination of quantum of loan.
3. Extent of Loan: For purposes excluding Agriculture & speculative purposes.
Min: Rs. 25000/-; Max: Rs. 25 Lacs.
✓ There should not be more than 5 loan accounts to a single borrower provided the
total of all the loans sanctioned to an individual at any point of time does not
exceed Rs.25 lakh to avoid utilizing bank’s fund for speculative purpose.
4. Security: Pledge of Gold Jewellery/ornaments.
✓ No loan to be sanctioned against bullion, primary/smuggled gold and gold coins.
✓ In case of ornaments with jewel fittings, infilling, net weight as certified by assessor
shall be considered for determination of quantum of loan.
5. Scheme Code: DL: DLPGL, OD: ODPGL.
6. Repaying Capacity: The borrower must be having regular source of Income to service
the interest/EMI in the account.
7. Loan to Value (LTV):
i. Demand Loan - Bullet repayment: LTV of 70% to be maintained at the time of sanction.
ii. Demand Loan - EMI Based: LTV of 75% to be maintained at the time of sanction
iii Overdraft: LTV of 75% to be maintained at the time of sanction.
8. Valuation: Rates for 22 carat gold for the purpose of financing to be advised by HO:
RAD on monthly basis.
9. ROI: DL: RLLR + BSP, OD: RLLR + BSP
10. Insurance: Banker's Indemnity Policy taken by HO: RAD covers loss/damage to
jewellery, pledged with the Bank.
(RAD:100/30.08.2022)
11. Nature of Facility: DL/OD.
i. Demand loan: Bullet repayment:
✓ A variant of gold loan where repayment of loan is permitted by way of bullet repayment at the end of the
term i.e., there is no requirement to service the interest or instalment during the loan term.
✓ Type of Loan: Demand Loan, Margin: 30%, Repayment period: Maximum 12 months.
✓ Repayment Mode: Bullet Repayment of Interest and Principal at the end of the term.
Interest will be charged to the account at monthly rests but will become due for payment along with principal
only on maturity.
✓ Pre-payment Charges: Nil
ii. Demand Loan: EMI Based:
✓ A traditional variant of Gold Loan with repayment Facility in 36 Months.
✓ Type of Loan: Demand Loan, Margin: 25%, Repayment Period: Maximum: 36 months.
✓ Repayment Mode: The repayment of EMI should commence from next month following the month of
disbursement.
✓ Pre-payment Charges: Nil
iii. Overdraft:
✓ The overdraft facility will be sanctioned for a period of 12 months only subject to annual review
✓ Interest debited in the account on monthly basis to be recovered from the customer.
✓ Margin: 25%
12. Loaning Power:
✓ GBB Heads in Scale I/II/III/IV will exercise loaning power for advance against gold Jewellery up to Rs.10 Lacs,
irrespective of aggregate commitment per borrower.
✓ However, total loan sanctioned under this scheme per borrower by GBBs will not exceed Rs.10 Lacs.
✓ Loans above Rs.10 Lacs or where aggregate of gold loan sanctioned per individual exceed Rs.10 Lacs, such
loan will be sanctioned by segment head of PLP irrespective of aggregate commitment per borrower.
13. Disbursement:
i. The disbursement of the Demand loan should be by way of credit in the Saving Bank/Current account of the
borrower maintained with us or any other bank.
ii. Loans under the scheme are to be sanctioned as per delegated power chart and are exempted from application
of PNB Score.
14. Repayment: Gold loans to be sanctioned keeping in view the repaying capacity (interest and principal) of the
borrower as per the following: The loan to be repaid by any of the following option:
i. OD facility to be renewed every year.
ii. Regular servicing of interest as & when levied in case of Demand Loan – EMI based and Overdraft Account.
iii. Repayment through Bullet Payment i.e. payment of interest and principal at maturity max. up to 12 months.
15. Recovery of Principal & Interest: For recovery/repayment of Interest/principal, Incumbents are advised as
under: i. Operative Account of the customer to be captured in CBS invariably where customer is maintaining
account with our bank. ii. In case customer is maintaining account with other banks, recovery/repayment of
Interest/principal be considered only through NACH/ECS/RECS (Debit) mandate of the customers for debiting their
accounts.
16. Processing of Demand Loan/Overdraft: Processing of Demand Loan/Overdraft is to be done through PNB LENS.
17. Physical Verification of Security: Monthly. Besides monthly verification of gold packets by Branch officials,
quarterly verification of gold packets is to be done by another official deputed by Circle Office.
56
18. Service Charges:
i. Processing Fee/Upfront Fee & Documentation Charges:
0.30% of loan amount + GST or Rs. 500 + applicable Tax, whichever is higher.
No charge to be levied for advance to staff member.
ii. Valuation Charges (Appraisal charges):
✓ Applicable Gold Appraiser Fee should be borne by the customer. The valuer will be paid Rs.3/- per
thousand with maximum Rs.500/-.
✓ Appraiser fee shall be recovered from the borrower upfront and paid into her/his account.
✓ It shall not be paid in cash. However, Circle Head is empowered to increase the max. limit of
appraiser fee up to Rs.700/- on case to case basis.
iii. Re-appraisal Charges: The appraiser will be paid Rs.15/- per pouch at the time of revaluation of
Jewellery.
iv. Safe keeping charges: Rs. 100/- per month or part thereof to be charged and to be recovered after
the expiry of the prescribed tenure of gold Loan for every type of loan facility (Currently 12/36 months
respectively) as Safe Keeping charges after closure of loan facility.
19. Safe Custody of Security:
i. Gold and Lockers shall not be kept in branches not having proper strong room. Gold irrespective of
value shall be kept in tailor made lockers of reputed brand. Lockers shall never be kept outside the
strong room.
ii. Branches authorized for extending jewel loan shall arrange for separate safe and the gold pledged with
the branch as security are to be kept under joint custody of two officials in the strong room.
iii. Jewellery along-with a list of article relating to each loan is to be kept in a separate pouch or cloth
bag. The pouch is to be securely sealed with the metallic insignia supplied to the respective Branch.
iv. A ticket should be prepared in duplicate furnishing the particulars such as Account Number, Name of
the Account, No. of articles and gross weight etc. with the signature of the custodian/In charge. One
ticket is to be securely fastened with the pouch/bag and other should be kept inside the pouch/bag, so
that if in any case the outside ticket gets detached for any reason, the jewels can be identified. The
specimen of the ticket is as follows.
20. Re-Appraisal of Gold Jewellery kept as Security during annual/regular inspection: Following Gold
Loan Accounts are to be re-appraised during annual/regular inspection of the branch:
a) Branches where annual/regular inspection is being conducted within 12 months: 10% of the regular
jewel loans and all jewel loans classified as NPA on the date of regular/annual inspection.
b) Branches where regular inspection is being conducted in 12-18 months: 15% of the regular jewel loans
and all jewel loans classified as NPA on the date of regular inspection.
Such reappraisal to be done by an appraiser other than the appraiser who has appraised the
jewellery/Ornaments at the time of sanction. Further the standard gold loan accounts should be selected
in such a way that no single standard gold loan account should appear again in the sample selected for
subsequent year. If any spurious gold is found in any packet the entire security of gold loan portfolio will
be subject to re appraisal. It is further added that the reappraisal shall be done in presence of borrower,
branch official (Incumbent/Officer In charge) and an independent person (preferably a legal counsellor)
However, if the borrower does not turn up despite giving Registered notice then packet may be opened
in the presence of independent person and whole process be recorded under CCTV.
25. Precautions:
i. No loan to be sanctioned against bullion, primary/smuggled gold, Gold Coins and Sikh Bangles/ Kada.
ii. Silver and Diamond Jewellery not acceptable.
iii. However, if a person tenders gold ornaments with names inscribed of person other than
57
21. Valuation by Shroff:
(A) The purity of Gold should be independently determined by the Valuer/Shroff by using following
three methods based on the nature of ornaments and satisfaction of the branch Officials.
(i) Touch stone method
(ii) Nitric acid test
(iii) Specific gravity test
Services of empaneled Gold appraiser(s) should be utilized to verify the genuineness of the gold
ornaments in the presence of the designated staff at the cost of the borrower. Gold appraiser(s)
should submit a certificate of purity and mass of gold on the prescribed proforma.
(i) Touch stone Method: Under this method, Impressions visible due to rubbing of gold ornaments
with touchstone are compared with the standard gold impressions
(ii) Nitric Acid Test: This test is based on fact that purer the gold, the stronger the acid required to
dissolve it. While applying strong acids like Nitric acid to pure gold, Impressions are not observed.
Similarly, after rubbing the gold ornament to touchstone, few drops should be applied on it and
reaction to be observed. A hard-cupric reaction with more fumes indicates lots of copper, mild
cupric reaction with mild fumes indicates ornament could be low karat gold. No cupric reaction with
smear nature remaining unaltered, ornament should be of pure gold.
(iii) Specific Gravity Test: Ornaments made from Solid Original Gold with no extraneous matter, such
as precious or semi-precious stones, etc. is to be tested by this method.
✓ For sanction of advance against gold Jewellery above limit of Rs.5.00 Lac, valuation of security
and appraisal of gold to be carried out by two empaneled appraisers and the lower of the two
to be considered for finance.
22. Gold Retention Limit: Gold retention limit of each authorized branch will be decided by the
Zonal Manager keeping in view the business potential and other infrastructure available in the
branch. The retention limit will be fixed on the basis of value of security. In case of branch reaching
90% of gold retention limit, the checking of gold packets sanctioned during the year must be got
conducted by an auditor deputed by Zonal Audit Office on the recommendation of Zonal Manager.
23. Photograph of the Jewellery: If the Jewellery tendered by the customer is found to be
acceptable for granting loan, then color photograph of all the gold Jewellery to be pledged should be
taken. In case color printer is not available, then clear black and white photo must be held on record.
Photograph to be taken in such a manner that all the gold ornaments must be clearly identifiable
separately. Two printout of the photograph should be taken. Following details should be clearly
mentioned overleaf of the photographs: Name of the customer, Account No., Loan Amount, Date of
Sanction, Weight & Purity of the Jewellery/Ornaments.
The details so written must be signed by the branch Official and customer. One Photograph to be
handed over to the customer and other photo to be kept with the loan documents.
24. Use of Karatometer:
Zonal Managers may be empowered to permit the installation of Karatometer in selected branches
based on the volume of business and no. of loan sanctioned in the branch. Karatometer should be
used in addition to the testing method adopted by Shroff and not as a substitute of traditional
method of testing. AMC of Karatometer should be in force.
vii. If a Shroff approaches for advance for himself/for his family members/person introduced by him
or/ and his family members and person introduced by him approaches for advance, then appraisal
should be conducted by other empaneled Shroff.
viii. Reappraisal of Jewellery while re-pledge/renewal to be done in those cases where the same has
applicant(s), then discrete enquiries must be made about the applicant before accepting such
Jewellery/ornaments
iv. Ornaments which are “stridhan” are acceptable only when the female owner is co-borrowers.
However, loan may be extended in single name, i.e., in the name of husband if a NOC from wife of the
borrower in favour of Bank that she will not make any claim on the said gold items being her ‘stridhan’ or
any ground.
v. There should not be more than 5 loan accounts to a single borrower provided the total of all the
loans sanctioned to an individual at any point of time does not exceed Rs.25 lakh to avoid utilizing
bank’s fund for speculative purpose.
vi. Two copies of photographs should be obtained from illiterate borrower, if not obtained earlier.
not been covered in random checking as per extant guidelines and where security have changed
hands before re-pledge.
ix. In case of NPA under advance against gold Jewellery/sovereign gold bond, branches should
ensure that the whole exercise of liquidity of security and appropriation in NPA accounts be got
completed within a period of 45-60 days.
x. Fresh KYC of borrower be invariably taken before processing of loan and the same to be
fed/updated in the SF/CA account of the proposed borrower and thereafter loan processing should
start.
xi. The appraisal work is to be monitored/captured under CCTV Camera with complete view of
appraising in process. CCTV recording of 180 days to be stored.

GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)

(COMPILED BY R C JHA, AGM, HO: CRMD)
47. Advance against Sovereign Gold Bonds (RAD:100/30.08.2022)
1. Eligibility: 11. General Instruction:
i. A person resident of India, being an individual in his capacity as individual i) It must be ensured that pledge/lien on bond is marked in the favour of the bank, with the depository and
or on behalf of minor child, or jointly with another individual. confirmation held on record.
ii. Trust, HUF, Charitable Institutions and University. ii) The SGBs should be held in demat form with the Depository Participant of NSDL only.
2. Nature of facility: DL/OD. Scheme Code: DL: DLSGB, OD: ODSGB iii) In case of advances against Sovereign Gold Bond standing in the name of minor, the procedure as laid down for
Advances Against Bank's Own Deposits must be followed.
3. Quantum of loan: Minimum – Rs. 50000/-. Maximum – Need Based. iv) Sovereign Gold Bonds are issued in the form of Government of India Stock and hence advance against Sovereign
4. Disbursement: In case of DL, by way of credit in the operative A/C of the Gold Bond has been exempted from Credit Risk rating & extraction of Credit Information Report (CIR) from Credit
borrower in bank. Information Companies (CIC).
5. Margin: Individuals – 25%, Other than individuals – 40% v) Interest will be charged on annual basis and will be serviced as and when levied. If the interest is not serviced, lien
6. Repayment Period: Till the date of maturity i.e. Maximum 8 years or will be invoked after one year from the interest demand date.
residual period of the Gold Bond, whichever is earlier. vi) Branches to monitor the loan account periodically and ensure the adequacy of margin on case-to-case basis so that
at no time the amount outstanding in the loan account along with the unrecovered interest accrued/debited exceeds
7. Security:
the value of security. Loan to Value ratio (75%) will be calculated and maintained on monthly basis based on the Gold
✓ Pledge/Lien on Sovereign Gold bond (in Dematerialised form only) in
rate published by Retail Banking Division. In case of any shortage, the borrower should be asked to deposit the same
favour of the bank.
immediately.
✓ Loans will be available against Sovereign Gold Bonds held in
vii) In case the account becomes NPA, the Branch will invoke the lien/pledge and should take steps to sell the SGB if
Dematerialized form only.
lock in period of 5 years is not over. In case lock in period of 5 years is over, then steps be taken to redeem the SGB.
8. ROI: DL: RLLR+BSP. OD: RLLR+BSP
9. Upfront Fee and Documentation Charges: NIL 12. Check points to be looked into by the Inspecting Officials:
I. Eligibility for availing loan is as per the guidelines.
10. Loaning Power: All Branches are authorized to sanction loan against SGB. II. The SGBs should be held in demat form Depository
The loaning power at various level is as follows: III. Quantum of loan is arrived at after applying the prescribed margin.
(Rs. in Lac) IV. Pledge/Lien in the favour of the bank on SGB is marked with the Depository and confirmation held on record.
GBB PLP CHCAC ZOCAC HOCAC-1 V. LTV of 75% is maintained throughout the tenor of loan. The LTV is to be calculated and maintained on monthly basis
Head (Segment Head) based on the Gold rate published by Retail Banking Division.
10 25 200 500 Full Power VI. Ensure that, in case of advance against Sovereign Gold Bond standing in the name of minor, the procedure as laid
down for Advances Against Bank's Own Deposits is followed. IX. Third party loan not allowed.

58
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
1. PURPOSE: For all purposes.
✓ The loan shall not be granted for investment in real estate business,
speculative (Speculation in stock, shares, securities, commodities, bullion
etc) & prohibitive purposes as restricted by Law.
✓ Borrower to disclose specific purpose of loan and also to give an
undertaking that the loan shall be used for lawful/legitimate purposes.
2. ELIGIBILITY:
✓ Individual, Joint owners are also eligible, having immovable property to
be mortgaged and sufficient income to repay the loan.
✓ CIF/Customer ID of the borrower be created under Retail in CBS and
should not be under Corporate to classify the loan under Retail)
✓ Loan can also be granted to: Sole proprietor in personal/Individual
capacity against the property standing in the name of Proprietorship firm
and occupied by proprietor.
3. INCOME CRITERIA:
i. For salaried: Minimum net monthly salary of Rs. 25,000/-
ii. For other than salaried: Minimum net annual income of Rs. 3,00,000/-
Note: In case of other than salaried (self-employed) depreciation charged may
be added back for the purpose of arriving at Net Income/profit.
iii. Common for both categories:
a. Income of spouse/earning children/parents can be taken into
consideration for the purpose of EMI OR Servicing of interest (for determining
loan amount). In such cases, they should be made co-borrowers. However,
out of these only two (Maximum) co-borrowers are permitted.
b. Income of any number of joint owners of property under consideration can
be made co-borrowers however in such cases also maximum TWO co-
borrowers are permitted in addition to co-owners of the property.
c. Regular income from all sources including Rental Income can be considered
provided the sanctioning authority is satisfied with the proof of income. In
such cases it should be substantiated by proof in the form of Latest ITR/Latest
salary slip with Form 16 or Latest salary slip/Stt of A/c for the last 6 months in
which income is being credited on regular basis.
4. NATURE OF FACILITY:
a. Term Loan for Maximum 15 Years.
b. Overdraft on monthly reducing Drawing Power (DP) basis for 15 years,
subject to annual review. (Restoration of OD limit is permitted after 3 years
subject to satisfactory conduct of account.)
✓ System will calculate the EMI based on the sanction limit, repayment
period and the applicable rate of interest.
✓ The process of DP calculation will be done by the Data Centre in the first
week of every month and Drawing power of all account under ODIPR
scheme will be reduced.
48. PNB myProperty Loan (RAD: 87/28.07.2022)
5. LOAN AMOUNT: i. Minimum: Rs. 2 L. ii. Maximum: Rs. 500 L.
6. Internal Risk Rating: PNB Score is mandatory.
a) Rating to be done in PNB Score irrespective of Loan Amount.
b) Credit facility be allowed only to the applicant (s) having ‘PNB Score’ of above 50.
The cases where PNB Score is above 40 & up to 50 can be considered by next higher authority for sanction.
Next higher authority in case of a) Branch sanction is Incharge PLPs. b) In case of PLP Sanction- CHCAC and above.
7. ASSESSMENT OF LIMIT:
a) 65% of the realizable value of the property. OR
b) For Salaried: 36 times of gross monthly salary on the basis of last/latest salary certificate. Whichever is lower of ‘a’ and ‘b’.
c) For Non-Salaried: 36 times the average gross monthly income of last 3 years as reported in the last 3 ITRs.
Whichever is lower of ‘a’ and ‘c’.
Note: a) Income of spouse, parents, son(s)/daughter(s) can be considered for arriving at loan amount & eligibility.
b) Projected/future income will not be considered for determining loan eligibility.
c) Income of Maximum 2 co-borrower can be added.
d) In case of co-owners of the property, income of all the co-owners can be added.
8. Repaying Capacity:
✓ Repaying capacity/assessment of loan, is to be calculated on the basis of latest salary slips for salaried borrower(s) and
on the basis of the average of last 3-year ITR for other than salaried borrower(s).
✓ Further, regularity of salary/income is to be ensured by taking latest salary slip/3 years ITRs/Form 16/BS/ABS for all
borrower(s).
✓ However, AGM RAM/iRAM & above may consider loan on the basis of the average of last 2-year ITR for other than
salaried borrower(s).
Gross monthly total salary/income Max. Permissible Deduction of GMS/I
Upto Rs. 1 L 60%
Above Rs. 1 L 70%
Deduction:
a. All deductions for this purpose will include proposed mortgage loan installment, existing deductions i.e statutory
deductions, loan installments, actual interest on term loans, notional interest on full sanctioned limit of OD etc. and should not
exceed the prescribed ceiling.
b. Repaying capacity/assessment of loan, is to be calculated on the basis of latest salary slips for salaried borrower(s) and on
the basis of the average of last 3-year ITR for other than salaried borrower(s).
Further, regularity of salary/income is to be ensured by taking latest salary slip /3 years ITRs/Form 16/Balance Sheet [Audited
Balance Sheet wherever applicable] for all borrower(s), i.e., salaried & other than salaried.
However, AGM-PLP & above may consider loan on the basis of average of last 2-year ITR for other than salaried borrower(s).
c. Wherever ‘Income of spouse/earning children/parents is taken into consideration for assessment of limit and/or repaying
capacity; Gross Income/Gross salary shall be considered for the purpose of computation of assessment of limit and Gross
Income/Gross salary of such specified individuals including the Gross Income/Gross salary of the main borrower should be
considered for assessing the repayment capacity.
d. In case of loan against mortgage of Immovable properties located in Rural Areas, Circle Head & above shall approve the rural
areas having potential for such advances. However, advances in these approved areas shall be sanctioned by various officials up
to their vested loaning powers. e. Authorization from borrower/guarantor to access information from income tax
department and other authorities be mandatorily obtained.
59
9. RENEWAL/REVIEW: 13. Loaning Powers:
✓ The loans extended in shape of OD facility on monthly reducing DP basis be reviewed Branch Heads of GBB Segment Head Incumbent RAM/iRAM
once in 3 years. MMG-II MMG-III SMG-IV MMG-III SMG-IV SMG-IV SMG-V
✓ The review will be carried out strictly on the basis of information required as per 10 L 80 L 400 L 400 L 500 L
simplified format without insisting for any additional documents including income
14. RATE OF INTEREST: Based on the CIC score of the borrower:
proof.
Based on CIC Score of the Rate of Interest
10. RESTORATION OF LIMIT: Borrower TL OD
i. Bank, at the request of the borrower, may consider restoration of the original limit/ CIC Score 750 & above RLLR+BSP+1.90% RLLR+BSP+2.40%
enhancement of the limit after the lapse of 36 months, where the conduct of the account is CIC Score 700 and upto 749 RLLR+BSP+2.40% RLLR+BSP+2.90%
satisfactory. CIC Score less than 700 RLLR+BSP+3 % RLLR+BSP+3.50%
ii. Fresh repayment period subject to maximum of 180 months may be permitted at the
time of restoration/enhancement of OD limit after 36 months, Subject to fulfillment of age,
Concession in Rate of interest will be given on the basis of realizable value of IP offered as security as under:
eligibility and compliance to all T&C.
Available Realizable Value of IP Concession in ROI
Note: Restoration of limit to be done by Branch/PLPs & above within their vested loaning
Ab 200% & upto 250% of loan amt 0.25%
power.
Ab 250% & upto 300% of loan amt 0.50%
11. REPAYMENT PERIOD: Above 300% of loan amount 0.75%
i) Overdraft: a) For loan amount of Rs. 10 L & above, the higher CICs Score of the two CICs scores of the borrower/s will be
✓ OD on reducing DP basis to be liquidated in 15 yr OR upto the age of 70 yr, whichever considered for getting the interest benefit.
is earlier, subject to regular source of income. b) If more than one applicant is there, average of CICs scores of the applicants (whose incomes are considered
✓ DP will be reduced on monthly basis to the extent of the principal component of the for eligibility), to be considered for cut off score for pricing. In such cases, CICs score of applicant/s having (-1) or
EMI calculated on full sanctioned limit, so that the OD limit is liquidated at the end of (0) to be excluded for average calculation.
the loan tenure. c) In cases of joint applicants, individual CICs score of all the applicants (whose scores are considered for average
✓ Restoration of limit is permitted after 3 years of satisfactory conduct of a/c, subject to calculation) should be minimum 700 for getting the interest benefit. If any of these applicants is having CICs score
eligibility criteria at the time of restoration. less than 700 then rate applicable in bracket “CICs Score less than 700” will be considered.
ii) Term Loan: d) In case where CIC score of applicants is having values (-1) or (0) i.e. no credit history, then rate applicable in
✓ Loan amount together with interest to be repaid In Max 180 EMIs OR upto the age of bracket “CIC Score of 700 & more and upto 749” will be considered.
70 years, whichever is earlier, subject to regular source of income.
15. SECURITY:
Note: i. EM/RM of the non-encumbered built up and self-occupied residential House/Flat/commercial/industrial
✓ Incumbent PLP/CHCAC & above may consider repayment tenure according to the age property having minimum residual life of 25 years.
of co-borrower who is not a coowner, maximum upto the age of 70 years or 15 years ii. In case of partly rented properties, finance may be allowed against the value of self-occupied portion only.
whichever is earlier. In such cases the owner of the property to be made primary However, power for sanction of such proposals vests with AGM-PLP, CHCAC & above.
borrower irrespective of his/her age. iii. Subsequent to availment of TL/OD facility on reducing DP basis, if the property is proposed to be let out to a
12. Disbursement/tenor of loan: The loan shall be extended as regular fixed monthly party, other than stated at first para of the clause above, Bank's permission would be required. The sanctioning
payments calculated as per the chart given in the circular during the loan period or till the authority would accord permission only where the proposed lease is in favour of an Institution of repute and
death of the last surviving spouse, whichever is earlier. lease rental/monthly rent will be charged to the Bank. Alternatively, TL/OD facility would have to be adjusted
- The tenor of loan shall be 15 years to 20 years for the age group of individuals between prior to letting out the property.
60 and 70 years and 10 years to 15 years for the age group of individuals above 70 years OR iv. Further, if the property for any reason has to be sold, the total dues of the Bank are to be adjusted. However,
till survival of any of the spouse, whichever is earlier. new property having equal value can be substituted provided the same is having a RV equal to or higher than the
- In case of joint account, the minimum age of the other spouse for availing the loan under RV of the existing property.
these two categories of tenors will be 58 and 68 years respectively. The term of loan can v. Finance can also be allowed against the property, where roof rights along with interest in land is transferable.
be extended at the end of the tenor at the sole discretion of the Bank, depending on the vi. The property for which clear title deed is available, but the construction is not as per approved map plan or
security cover available as per the realizable value of the property. The maximum tenor of map is not available, in such cases, loan can be granted against such property by taking the realizable value of
the loan, in any case, will not be more than 20 years. land only for calculation of loan amount eligibility.
- The Bank will credit loan instalments to his SF A/C. In case the loan is in the name of both Note: No loan to be sanctioned under the scheme on vacant plot, leased property, agri and 3rd party property.
the spouses, a SF a/c will be opened in their joint names for the purpose of crediting the However, in case of leased property, loan can be sanctioned against the property allotted by the Municipal
monthly instalments with the “E/S” clause. Corporation, Development Authorities (like DDA), State Housing Boards, Industrial Centre, wherein Govt. agency
is a lessor.
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16. Scheme Code: TL: TLPIP. OD: ODIPR. The Scheme Code of all the existing OD A/cs with reducing
DP be changed to ‘ODIPR’ by using the menu option ‘HACXFRSC’.
17. Inspection of Property Mortgaged: a. Once every year for regular accounts.
b. Once every half year for irregular a/cs. and c. At least once in 3 months for NPA accounts.
The period of inspection will be January-December for regular a/cs and January-June and July-December
period for irregular and 4 calendar quarters (Jan-Mar, Apr-June, July-Sept & Oct-December) for NPA a/cs.
Inspection Charges: Rs.250/- + service tax.
18. Upfront Fee & Documentation Charges:
i. Upfront Fee: TL/OD: 0.75% of the loan Amt. Max - Rs. 1 L + GST.
The processing fee for overdraft facility to be recovered upfront one time applicable for 3 years at the time
of sanction. Thereafter once in three years on reduced or restored limit.
ii. Documentation Charges: a) For Loan upto Rs. 50 L: Rs. 2500/- + GST.
b) For Loan above Rs.50 L: Rs. 5000/- + GST.
19. Insurance: Comprehensive insurance of the property mortgaged for the Re-Construction Cost only, i.e.,
value of land should not be included for the purpose of insurance.
49. PNB Baghban: A Scheme for House Owning Senior Citizens of India Under ‘Reverse Mortgage Concept’ (RAD: 82/16.07.2022)
1. Introduction:
✓ A ‘reverse mortgage’ is a special type of loan that can be used by the senior citizens to convert
the equity in their homes into cash.
✓ The Scheme involves the senior citizen borrower mortgaging his/her house property to the
Bank, who then makes periodic payments to the borrower.
✓ The senior citizen borrower is not required to service the loan during his/her lifetime and,
therefore, does not make monthly repayments of principal and interest to the Bank.
✓ As per the Scheme conceptualized by the Bank, a senior citizen of the age of 60 years or more,
who owns a self-acquired residential house/flat with clear title, free from any encumbrances, is
eligible for loan.
✓ The loan will be allowed to the residential house/flat owning person jointly with his/her spouse.
✓ In case the owner does not have spouse, the loan will be allowed in his/her single name.
2. Objective: To meet the financial needs of senior citizens owning self-occupied property (house)
for leading a decent life.
3. Purpose of Loan: For generating income/supplementing pension/other income for day to day
requirements. Loan should not be given for speculative/trading and business purposes.
4. Eligibility: The residential house/flat owner, who is resident of India, of the age of 60 yr & ab, is
eligible to raise the loan under this Scheme. In case of joint account, one of the spouse must be of
the age of 60 yr & ab, while the age of other spouse should be min 58 yr.
- No income or credit requirements.
- Loan will be allowed only against self-acquired & self-occupied residential property.
- In case of residential property, which is ancestral and self-occupied, powers are vested with AGM
PLP and CHCAC & above.
- The residential house/flat should be in his/her single name or jointly with his/her spouse.
5. Qualifying/Maximum Amount of Loan/Margin:
i. The qualifying amount of loan will depend on the realizable value of residential property, after
maintaining margin of 20%.
ii. The maximum qualifying amount of loan along with interest shall be restricted to Rs.100 lakh.
iii. Lump-sum payment of loan under the Scheme be permitted only for medical treatment of senior
citizen borrower, his/her spouse and dependents, if any, subject to ceiling of Rs.15 lakh at HO level
on merits.
20. General Guidelines: While considering proposal under the scheme, it should be ensured that the
property against which loan is being sanctioned should not form part of primary or collateral security in
any other advance of our Bank or any other Bank except in case of following:
a. In cases where the value of IP was assessed at more than 200% of the loan amount, i.e., where
Loan to Value (LTV) RATIO is 50% or less of the existing myProperty loan facility at the time of sanction
under the Scheme, sanctioning authority upto their vested powers may consider sanction of more than
one myProperty Loan/Other loan facilities to borrower. Multiple Loan account(s) can be opened under
the myProperty scheme for borrower(s) having multiple immovable properties provided the aggregate
of loans and/or limits shall not exceed the prescribed ceiling i.e. Rs.500 Lacs my Property Loan facility.
b. myProperty Loan may be permitted to existing borrowers in exceptional cases against the surplus
held in the value of property already mortgaged to the Bank as security in any existing loan (other than
myProperty Loan) subject to the following conditions:
i. The additional facility under this scheme shall be permitted at the same branch from where original
facility was allowed to the borrower.
ii. Such advances shall be sanctioned to the existing borrowers in exceptional cases by the officials at
the level of AGM PLP & above only.
6. Repayment Period: i. Loan to be recovered only after the death of both the spouses. No loan
repayment during the lifetime of the borrower. ii. The loan shall become due and payable 6 Months
(moratorium period) after death of last surviving spouse. Iii. Borrower may prepay the principal amount
together with accumulated interest/other charges, at any time and repossess the property.
iv. The legal heirs of the borrower(s), after the death of borrowers (both spouses), will have the option, to
settle the loan along with accumulated interest, without sale of property
7. ROI: (Fixed, re-set clause of 5 years): RLLR+BSP+2.75%. 8. Margin: 20%
9. Security: EM of Residential Property. Where mortgage by deposit of title deed is not possible,
borrower/s has/have to go for creation of Regd. Mortgage.
10. Pre-payment of Loan: The borrower will have the option to pre-pay the loan at any time during the
currency of the loan or later. In case there is any takeover of loan by other financial institution/Bank, a
charge of 2% on the amount taken over by the other financial institution/bank will be levied.
11. Safeguards: i) Borrower/s to provide documentary evidence that he/she is the only legal heir entitled
to the property and that the said property is self-occupied.
ii) Borrower/s to provide legal proof like relinquishment/ release deed, probate of will etc.
12. Residual life of the residential property should be at least 20 years.
13. Revaluation of IP: The Bank shall revalue the property once in 5 years (at borrower’s cost) and reduce
or increase the loan or installment, at its discretion, depending on the valuation.
14. “Right of Rescission”: After the documents have been executed and loan transaction finalized, the
senior citizen borrower(s) shall be given upto 10 days time to cancel the transaction by way of “the right
of rescission” for any reason whatsoever. Only after a period of 10 days, the Bank will disburse the first
monthly installment. The upfront fee charged, if any,
Would be refunded to the Sr. Citizen borrower(s), in case he/she/they opt to cancel the transaction.
15. SERVICE CHARGES: Upfront Fee – Half month’s Loan Installment with Max. Rs.15000/- + taxes.
- Documentation/Inspection Charges – NIL.
16. WILL: The residential house/flat should be in his/her single name or jointly with his/her spouse. In case
it is in the single name of one individual, he should give “will” in favour of the other spouse, who should be
made co-borrower. In case the spouse is not alive, he may make “Will” in favour of his relative/s, who
is/are otherwise his legal heirs. The borrower will undertake that no fresh “will” shall be prepared during
currency of loan.
The monthly payment amount shall be based on ‘Reverse Annuity Mortgage’ basis.
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 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
50. Online Overdraft (e-OD) against Fixed Deposit
A) Online Overdraft Facility (e- OD) through PNB ONE Only Against Fixed Deposit Opened
through Branches i.e. Offline FD
1. Eligible FD:
✓ FD opened through offline mode, in single name.
✓ Fixed Deposit under Tax Saver Scheme, Capital Gains Scheme and FDs already under lien are not eligible.
2. Amount of Advance: FD opened through branch i.e. Offline FD, Minimum: Rs. 25000/-. Maximum: Rs. 5 Lac.
3. Advance Period: Till closure of e-OD or residual period of FDR.
4. Margin:
✓ Maturity period remaining at the time of granting advances is upto 3 years: 10%
✓ Maturity period remaining at the time of granting advances is above 3 years: 20%
✓ For Staff & Ex- Staff: 5% (Irrespective of residual period of FD)
5. Rate of Interest: As applicable in existing scheme of Advance against Bank Deposits.
✓ Presently for General Public: 1% above the rate allowed on deposit.
✓ Presently there is a concession of 0.25% on e-OD and to continue under this mode also.
✓ For staff & Ex-staff: ROI at par with FDR’s Rate of Interest.
6. Mode of Opening of eOD: Offline FD - through PNB One only.
7. Other Operational Guidelines:
✓ Facility is available to the individual having deposit in his/her single name.
✓ Facility is available on accrued value of FDR as reflecting in PNB One. (Presently the facility is available on
face value of FD, further HO: ITD will develop the utility on the basis of accrued value of FD, subsequently.
✓ Automatic lien marking on Fixed Deposit when the PNB One users avail credit facility. Maximum loan will be
restricted to Rs. 5 Lacs per customer id (Excluding OD/DL against FD(s) in offline mode). Customer can have
more than 1 OD account within overall ceiling of Rs. 5 lacs.
✓ Multiple combination of Fixed Deposit for the purpose of availing Overdraft limit shall not be permitted.
✓ Mandate for auto renewal of the FD will be cancelled in the system before allowing e-OD.
✓ Partial withdrawal will not be allowed in FD on which e-OD facility has been availed.
✓ No option to continue with e-OD and renewal of linked FDR after due date of FDR.
✓ Closure of e-OD account will not be permitted until maturity of FD even if the eOD balance comes to zero
or in credit. This will be permitted only in cases of margin erosion beyond a certain specified level. However,
pre-mature closure of FD will be permitted on customer’s specific request, by visiting the branch.
✓ e-OD account will be opened in the same sol where FD is made.
✓ Facility will be restricted to digitally active customers who are using PNB one App for more than 3 months
and at least one transaction through PNB One during last 3 months.
✓ Two-factor Authentication to avail facility i.e. by entering Transaction Password/TPIN and OTP on
registered mobile at the time of opening of e-OD.
✓ Confirmation SMS to customer upon FD being marked as lien.
✓ Facility is available from 6 A.M to 10 P.M. (IST).
✓ Terms & conditions (as applicable to existing Online OD against e-FD) shall be accepted by PNB One user
online while availing/creating online OD facility.
✓ No separate document (stamped OD agreement) shall be taken.
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(RAD: 97/20.08.2022)
B) Online Overdraft Facility (e- OD) through PNB ONE/Retail Internet Banking
(IBS) against fixed Deposit opened through Digital Mode (PNB One/IBS) (e-FD)
1. Eligible FD:
✓ e-Fixed Deposit having residual period of upto 3 years.
✓ FD under Tax Saver Scheme & Capital Gains Scheme are not eligible.
2. Amount of Advance:
Minimum: Rs. 25000/-. Maximum: Rs. 5 Lac, in case of Sugam Deposit and
below Rs. 100 Lac in Deposit under other schemes.
3. Advance Period: Upto 3 years or residual period whichever is less.
4. Margin: As applicable in existing scheme of Advance against Bank Deposits.
i) For General Public:
✓ Maturity period remaining at the time of granting advances is upto 2 years: 5%
✓ Maturity period remaining at the time of granting advances is above 2 years and upto
3 years: 7.5%
ii) For Staff & Ex- Staff: Up to Rs. 10 Lacs: 5%, Above Rs. 10 Lacs: As applicable to public.
5. Rate of Interest: As applicable in existing scheme of Advance against Bank Deposits.
✓ Presently for General Public: 0.75% above the rate allowed on deposit.
✓ For staff & Ex-staff: Advance up to Rs. 10 Lacs: At the same rate as allowed on the
relevant deposit. Advance above Rs. 10 Lacs: As applicable to public.
6. Other Operational Guidelines:
✓ Automatic lien marking on FD when the IBS/PNB One users avail credit facility.
✓ Multiple combination of FD for availing Overdraft limit shall not be permitted.
✓ Terms & conditions (as available in IBS/PNB One) shall be accepted by IBS/PNB One
user online while availing/creating online OD facility.
✓ No separate document (stamped Overdraft agreement etc) shall be taken.
✓ Cheque book & ATM facility will be available in the e-OD account against e-FD.
✓ Mandate for auto renewal of the e-FD will be cancelled in the system before
allowing e-OD against the said e-FD.
✓ Partial withdrawal will not be allowed in e-FD on which e-OD facility has been availed.
✓ Closure of e-OD account will not be permitted until maturity of e-FD even if the e-OD
balance comes to zero or in credit. This will be permitted only in cases of margin
erosion beyond a certain specified level. However, pre-mature closure of e-FD will be
permitted on customer’s specific request, by visiting the branch.
✓ E-OD account will be opened in the same sol where e-FD is made.
✓ No third party advance will be allowed.
✓ Overdraft against deposits standing in the name of the minor will be allowed to the
natural guardian/guardian appointed by the Court only in his/her individual capacity
for the benefit of the minor only. An undertaking (as available in IBS/PNB One) to this
effect will be obtained from the guardian online.
✓ No documents will be available at the branch as the Overdraft is being opened online.
 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
51. Relaxations to VRS Optees of BSNL/MTNL Employees under Retail Loan Schemes (RAD: 06/30.01.2020)
1. Background: State-owned BSNL/MTNL has launched VRS Scheme for their employees and it is expected ii. Scheme for Financing Purchase of Car by Public:
that the VRS optee employees of BSNL/MTNL will be getting a handsome amount on VRS as retirement dues. Eligibility: BSNL/MTNL pensioners drawing pensions through our branches
To attract the VRS optee employees of BSNL/MTNL for keeping their retirement benefit (Terminal Dues) with Income Criteria: Minimum net monthly salary/pension/ income – Rs 20000/-, But, No Income
us, relaxations under various Retail Lending Schemes has been offered to VRS optees of BSNL/MTNL. criteria if terminal dues equal to loan amount held with us in the form of FDR under Bank’s lien.
2. The relaxations have been offered in the following Retail Lending Schemes: Loan Amount: 25 times of Net Monthly Salary/Pension/Income or 100% of FDR kept as security
i. Personal Loan Scheme for Pensioners. with a ceiling of Rs. 100 Lakh (for one or more vehicles)
ii. Scheme for Financing Purchase of Car by Public. Permissible deduction: NMS/I upto Rs.30000: 40%,
iii. DL/OD against FDR. NMS >Rs.30000 to Rs.100000: 50%. NMS >Rs.100000: 60%.
However, not applicable in case security in the shape of FDR of amount not less than loan
3. The parameters where relaxations has been provided are as under: amount is obtained as collateral security kept under Bank’s lien.
i. Personal Loan Schemes for Pensioners: Rate of Interest: RLLR+ 0.50%, irrespective of CIC score.
Eligibility: BSNL/MTNL pensioners drawing pensions through our branches Upfront fee & documentation charges: Nil
Rate of Interest: RLLR+ 2.00% = 9.15%; Repayment: Maximum 72 EMI Guarantee/Collateral Security: Not required.
Upfront & Documentation Charges: NIL iii. Demand Loan/Overdraft against FDR:
Security: Guarantee of spouse eligible for family pension to be obtained OR Lock in period of Terminal dues Rate of Interest: 0.50% over and above ROI applicable on FD (instead of existing 1% over and
equal to loan amount till the currency of the loan. above ROI applicable on FD)
52. Met Loan & Life Suraksha (RAD: 100/05.11.18, 46/06.05.20, 07/14.01.22)
PNB MetLife Product Offering Group Insurance Cover for Housing, Education, Mortgage, Vehicle and Personal Loan Borrowers:
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 Insurance Coverage for Housing Loan, Education Loan, Vehicle Loan and Personal loan borrowers of the Bank.
i) The group insurance cover is an effective tool to safeguard the borrower’s family from the 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.
ii) 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:---
1. Policy Term: Minimum: 2 Yr for TL & 1 Yr for OD, Maximum: 30 Years;
2. Age at Entry: 18-65 Yr, Coverage Ceasing Age: 70 Yr;
3. Sum Assured: Minimum — 10000, Maximum — No Limit
iii) Now, PNB Metlife has informed that policies under Group credit life by PNB MetLife India Insurance Company will be issued with following stipulations (RAD:07/14.01.22):---
a) Credit Life Coverage will be offered to borrowers till the age of 60 years as on date of applying for coverage,
b) The maximum life Insurance cover (sum assures) which can be offered to a single borrower under multiple policies (of PNB Metlife, issued from our Banks only) will be permitted upto Rs.3
Crores.
c) Credit life insurance cannot be offered to loan with first disbursal date more than 3 month i.e. insurance start date cannot be more than 3 months from loan first disbursal date.

53. Classification of Advances under Retail Segment (RAD: 68/14.09.2018)

List of schemes which are reported under Retail Loan Segment has been amended as under: ---
A) CORE RETAIL SCHEME:
a) Housing Finance Scheme (public), b) Overdraft Facility to existing HL borrowers for personal needs, c) Conveyance Loan (public) for car/scooter/motor cycle/moped/bicycle, d) Education loan
scheme, e) Personal loan scheme for public, f) Personal loan scheme for Pensioners, g) Adv against gold and jewellery/Sovereign Gold Bonds, h) Finance against mortgage of immovable
property (sanctioned limit upto Rs. 5 crore), i) Reverse Mortgage loan scheme.
B) NON-CORE RETAIL SCHEME: a) Advance against Bank Deposits, b) Advance against Govt./Liquid Securities, c) Earnest Money Deposit Schemes.

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 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
54. Contactless Loan to Retail Loan Borrowers through Online Portal – psbloansin59minutes.com (RAD: 14/06.02.2021)
1. Introduction: PSBLoansin59minutes.com portal sets a new benchmark in lead generation of retail products i.e. Home Loan, Personal Loan and Auto (Vehicle) Loan and loan processing.
Presently, Bank has on-boarded 03 products on the portal, 1. Housing Loan to Public, 2. Personal Loan to Pubic, 3. Auto (Vehicle) Loan to Public. The portal integrates advance financial technology
(Fin Tech) to ensure seamless loan approval. The process is under taken without human intervention and maximum data is fetched from various portals, such as Income Tax portal, bank’s IBS
portal etc. The portal will do various back end checks available at various portals for fraud and data available in bureau portal. The system simplifies the decision making process for bank officials
as the final output provides a summary of financials captures on a user friendly dashboard on real time basis.
2. Components: The platform has 2 main components: i) Borrower: Retail Loan Borrower, ii) Lenders: Bank’s and financial institutions.
3. 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 .
The applicant borrower can also reach the portal through PNB’s web page www.pnbindia.in.
4. Work flow of Bank:
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 applicant till its sanction is to be done by branches.
ii. The Zone, Circle, PLP 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 to download the application for pre sanction processing.
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. 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.)
5. It be noted that approval given to the applicant after completion of the borrower’s journey is “In-principal approval” only. Complete Pre-Sanction appraisal, including PNB Score as per bank’s
extant guidelines to be carried out, before regular/final sanction.
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 Banks/Lenders
lender.
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 3 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 2 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
8. In order to have proper MIS under the loans sanctioned through Online Portal “PSBLoansin59minutes”, an identifier has been developed by HO: ITD in CBS for Retail Loan accounts. All field
functionaries are advised to capture a code “PL59R” at free text 8 in CBS at the time of account opening of retail loan account under Housing, Vehicle and Personal schemes which have been
sanctioned through psbloansin59minutes to have a correct MIS.
9. Approval given to the applicant through the portal is “Inprincipal” approval only. All guidelines of pre sanction appraisal is to be adhered before regular/final sanction.

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 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
55. PNB Pride: Housing & Car Loan Scheme (RAD: 08/16.01.2021)
PNB Pride: Housing & Car Loan Scheme: For Central/State Govt Employee/Defence Personnel/Para Military Forces/Pensioners of Central & State Govt and Employees of PSUs:
The facilities available to above mentioned category of borrowers under PNB Home Loan & PNB Car Loan are as under:
- Concessional rate of interest, irrespective of CIC score.
- Full waiver of upfront/processing fees & documentation charges.
In order to expand the category of borrowers, it has been decided to include the employees of PSUs under PNB PRIDE.
Revised Category of borrowers: Central/State Government Employees/ Defence personnel/ Para military Forces/ Pensioners of Central & State Government & Employees of PSUs.

56. PNB Pride: RBD Module: Mobile Application & Web Portal (RAD: 16/11.02.21, 38/26.03.2021)
✓ PNB Pride is a Mobile Application and web portal based solution for lead management and to monitor the WEB PORTAL: The PRIDE web panel will enable the ZO & CO Admins to
performance of field functionaries. It is an app based solution launched with the objective to enhance perform the below tasks:
“Monitoring Mechanism” and “Lead Management”. ✓ Manage the Leads generated by the employees
✓ With a view to have a monitoring mechanism on performance of field functionaries and lead management, a ✓ Derive user analytics via Dashboard, audit logs & reports
Single App – “PNB Pride” has been developed. ✓ Maintain employee database and manage sub-admins
✓ PNB-Pride will facilitate the field officer to record the activities/leads generated undertaken by them as part of ✓ Assigned tasks to employees.
their job profile. It will facilitate the field functionaries in following ways:
✓ The controlling authorities would be able to monitor the performance of the field functionaries based on the ✓ Record the activities/leads generated by field functionaries,
information entered by the field staff on the Pride portal. The app also facilitates the field functionaries to submit ✓ Effective management of timelines,
lead for bank products. ✓ Connectivity among different levels and
✓ Presently, PNB-Pride has been extended for MSME, RBD & Vigilance Divisions and will be expanded for other ✓ Availability of reports at a single click.
divisions which require monitoring of the field staff. ✓ Monitoring the performance of field functionaries.

57. Time Norms for Sanction of Retail Loan Proposals (RAD: 110/10.11.2020)

Scheme Time Norms for GBBs & PLPs

Mortgage based loans (Housing Loan, OD/TL to Housing Loan borrowers for personal ✓ 5 Days
needs, My Property Loan, Reverse Mortgage)
Non Mortgage based loans viz. Vehicle, Gold, Personal, Pension Loans ✓ 3 Days
Education Loan* ✓ 4 days for loans where mortgage is not required.
✓ 1 week for loans where mortgage is required.
*No Loaning Power under Education Loan at Branch Level ✓ 2 weeks for loans falling under powers of CHCAC & above.

Strictly Confidential :: For Internal Circulation Only

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 GIST OF RETAIL LENDING SCHEMES (AS ON 31.12.2022)
(COMPILED BY R C JHA, AGM, HO: CRMD)
58. Loaning & Discretionary Powers: Retail Lending (RAD: 69/05.07.2021, 73/17.07.2021, 29/23.03.2022)
1. Loaning Power to Branch Heads in All GBBs: Aggregate Commitment per Borrower/Group: 10 Lacs. 3. Loaning Powers for PNB Loan Points (Individual Powers):
2. Loaning Power to PNB Loan Points: A) Segment Head: (Retail/Agri/MSME):
Aggregate Commitment -per Borrower/Group: MMGS-III—80 L
A. Retail Loans B. KCC including C. Other Agricultural D. MSME & other Loans Aggregate Commitment - per Borrower/Group: SMGS-IV—100 L
working capital for Advances including except mentioned at B) Aggregate Commitment - per Borrower: RAM Head—100 L
Husbandry & Fisheries, Investment Credit column A, B & C Aggregate Commitment - Group: RAM Head—200 L
KGS & SHG
Where branches >10 Lacs upto Rs. 400 >10 Lacs upto Rs. 100 >5 Lacs upto Rs. 100 >10 Lacs upto Rs. 100 Lacs If the advances to a group cumulatively exceed 100 L, the same shall
are Linked with L (CM headed)/ Lacs Lacs be considered for sanction under Committee Approach.
MCC 1000 L (AGM Headed) 4. CHCAC & ZOCAC:
Where branches >10 Lacs upto Rs. 400L >10 Lacs upto Rs. 400 >5 Lacs upto Rs. 400 >10 Lacs upto Rs. 400 Lacs
• As per the revised credit approval model, the credit approval
are not Linked (CM headed)/1000 Lacs (CM headed)/1000 Lacs (CM headed)/1000 (CM headed)/1000 L
committees have been redefined at the level of CHCAC &
with MCC Lacs (AGM Headed) Lacs (AGM Headed) Lacs (AGM Headed) (AGM Headed)
ZOCAC.
PLP shall exercise loaning powers for loans above Rs 1 crore in the following scenarios: • Upon dismantling of ZOCAC-I at Zonal Offices and formation of
a) MCC is not established at those circles and all proposals of linked branches under that circle have to be sanctioned by PLP Circle Head Credit Approval Committee (CHCAC) headed by
as per loaning powers. Circle Heads (DGM or AGM), Loaning Powers have been
delegated to CHCAC.
b) MCC is established at those circles, however many of the branches situated at far flung areas are not linked with MCC.
• Now, there is only one credit approval committee i.e. ZOCAC at
As such proposals above Rs 1 Crore of those branches have to be sanctioned by PLP as per loaning powers.
Zonal Office which shall be headed by Zonal Manager.
c) Loaning Power of PLP Head under Retail Lending Schemes: • Accordingly, nomenclature of ZOCAC-II is changed to ZOCAC.
Loaning powers above Rs.1 crore shall be exercised essentially under Committee Structure as under: • In view of above, various discretionary powers vested with
- In case of CM headed PLP: Loan above Rs. 1 crore up to Rs. 4 crores: Committee headed by CM at PLP. ZOCAC-I on Financial & Non-Financial parameters under Retail
- In case of AGM headed PLP: Loan above Rs. 1 crore up to Rs. 10 crores: Committee headed by AGM at PLP. Lending Schemes presently, wherever not explicitly prescribed,
Note: The above loaning power under committee structure is to be exercised with in the scheme specific ceiling. shall be mapped with CHCAC (headed by either DGM or AGM)
and ZOCAC-II shall be mapped with ZOCAC.

59. PNB Home Loan – Mission Two Lacs Leads
1. Our Bank has large employee base of more than 1 Lac and huge customer base of 18 crores.
2. Home Loan business contributes to approximately 2/3rd of Core Retail Loan Business of the
Bank. With a view to involve each staff member in marketing and growth of business under
Home loan, it is once again reiterating as under:
Every staff member to bring in at least 2 convertible Home loan leads in FY
2022-23.
(RAD: 41/18.04.2022)
3. All out efforts be made to increase qualitative quantum in credit off take in Home loan segment.
4. Further, a field in PNB LenS has been customized to capture the PF no. of the employee who has
sourced the Home loan leads.
5. It is also clarified that staff leads, if entered/submitted through any digital channels, including
Weblens, will also be treated as contribution towards above mentioned mission and will also be
eligible for concession of 0.05% on account of digital lead.
6. The staff giving 5 and above HL convertible leads in FY 2022-23 will be rewarded suitably.
7. All must come and work together in Mission mode for the glory of our Bank.

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 IMPORTANT RATES
SR. Rates/Ratios %age With Effect From
1. SAVINGS FUND DEPOSIT A/C (P.A.) --- Balance below Rs. 10 Lac 2.70 % 01.01.2023
SAVINGS FUND DEPOSIT A/C (P.A.) --- Balance Rs. 10 Lac to less than Rs. 100 Crore 2.75 % 01.01.2023
SAVINGS FUND DEPOSIT A/C (P.A.) --- Balance Rs. 100 Crore & above 3.00% 01.01.2023
2. 1 YEAR MCLR 8.30 % 01.01.2023
3. RLLR (REPO RATE + MARKUP + BSP = 6.25 + 2.50 + 0.25 = 9.00) 9.00 % 08.12.2022 #
4. POLICY REPO RATE* 6.25 % 07.12.2022
5. REVERSE REPO RATE* 3.35 % 22.05.2020
6. BANK RATE * 6.50 % 07.12.2022
7. MARGINAL STANDING FACILITY (MSF) RATE* 6.50 % 07.12.2022
8. STANDING DEPOSIT FACILITY (SDF) RATE* 6.00 % 07.12.2022
9. CASH RESERVE RATIO (CRR)** 4.50 % 21.05.2022
10. STATUTORY LIQUIDITY RATIO (SLR) ** 18.00 % 11.04.2020
* Policy Rates ** Reserve Ratios
# For all loans linked with RLLR (for all existing & new customers), in case of change in Repo Rate by RBI, the RLLR will be changed from the next working day.

Disclaimer
The objective of this Booklet is to provide an Overview of “Gist of Retail Lending Schemes”. Contents of this Booklet shall not form the basis
of any reference and bank circular will be the only referral document. This booklet has been compiled with utmost care however some
ommissions can not be ruled out. The intent of compiling this booklet is to provide a support only to the field functionaries working at PLP
(RAM) & GBBs. It must not be construed as a substitute of any circulars/guidelines. In case of any doubts/confusion/queries, the referred
circulars of bank only will prevail.

Strictly Confidential :: For Internal Circulation Only

R C JHA, AGM, HO: CRMD

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