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Benefits

Purpose

Debit Card EMI has become a convenient and affordable solution for individuals who do not have a credit card and want to avail an instant EMI option. Debit card EMI is an instant digital Micro Personal Loan product for existing Bank Customers which can be availed at physical or e-commerce retail stores. Customer has flexibility to choose the preferred short repayment schedule from 3 months to 24 months as per his own convenience.

Eligibility

All PNB Debit Card holders having KYC compliant operative Saving/ Current Account.

Customer age between 18-65 years.

Excludes last 12 months SMA-1/ SMA-2/ NPA customers.

Customer having CIBIL threshold ((CIBIL 700, CRIF 610,Experion 756 and Equifax 727) including -1 or 0 through CIBIL scrub.

Nature of Loan

Term Loan

Extent of Loan

Minimum:- Rs 5000/-.

Maximum:- Rs 1 lakh.

Subject to 2 times average monthly credit transactions of last 10 out of 12 months.

Margin

NIL

Rate of Interest

RLLR + BSP + 8.00%

Repayment Tenure

EMI in instalments of 3/ 6/ 9/ 12/ 18 and 24 months

Guarantee/ Security

Nil

Processing Fees & Documentation charges

Nil

PNB Score

Waived

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