What is PNB Personal Loan for working women ?
The PNB personal loan for working women is designed to provide financial support to women for medical and hospital expenses related to pregnancy and childbirth. It is also come under the PNB Matritva Scheme.
Under this scheme, an eligible woman can apply for a personal loan to cover costs such as delivery charges, medical tests, medicines, and post-delivery care for both mother and baby.
The loan can be sanctioned up to two months before the expected delivery date. The bank generally approves the loan based on the self-declaration of the applicant confirming her pregnancy or childbirth, and the sanctioning authority processes the loan accordingly. This scheme aims to ensure that women can manage maternity-related expenses more comfortably without facing financial stress.
Eligibility Criteria for PNB Personal Loan for working women
Working Space or Work Space
- Central Government offices
- State Government offices
- Public Sector Units (PSUs)
- Reputed private companies or institutions
- Schools, colleges, and universities
- Autonomous bodies
- Hospitals or nursing homes
Minimum Monthly Salary
Her salary must be at least Rs. – 25000/- or more and salary should credited on PNB Bank account.
Loan Limit
A working woman can take this personal loan only up to 2 times under this scheme.
Note – A woman with a stable job, minimum ₹25,000 salary, and 2 years of work experience can apply for this loan, but she can use this facility only twice.
Mode of Repayment and other Terms
Loan Repayment Method
The loan amount (principal + interest) must be repaid through monthly EMIs (Equated Monthly Instalments).
Maximum Repayment Period
- The loan must be repaid within:
- The remaining service period of the employee, or
- A maximum of 72 months (6 years).
EMI Time Period
- The EMI payments will start from the next month after the loan is disbursed.
No Moratorium Period
- There is no moratorium period, which means the borrower cannot delay EMI payments and must start repayment immediately from the next month.
Note – The women applicant must repay the full loan in monthly instalments within 6 years or before retirement, whichever comes first.
Process to access PNB Personal loan for working women
Self-Declaration by the working women applicant
A working woman who wants to take the loan must give a written declaration stating that she is pregnant or has recently given birth.
No complex medical verification required
The bank mainly relies on this self-declaration from the applicant, so the process becomes simple and faster.
Loan approval based on declaration
After receiving the declaration, the bank officer can approve the personal loan under the PNB Matritva Scheme.
Benefits of loan
Margin money and upfront fees will be nil.
This helps women get financial support quickly for maternity and childbirth expenses without complicated procedures.
Note – The applicant just needs to inform the bank in writing that she is pregnant or has had a baby, and the bank can process the loan based on that declaration.
Q. 1 Who are eligible for PNB matritva scheme ?
Ans. – All confirmed government and autonomouse bodies are eligible for this loan.
Q. 2 What is the minimum salary to avail this loan ?
Ans. – Minimum salary should be atleast rs.- 25000/- with 2 years of job.
Q. 3 What is the maximum amount for this loan ?
Ans. – Maximum amount will be Rs. – 30000/- which is totally depond upon re-payment capacity.
Q. 4 Is CIBIL score will be required for this loan ?
Ans – No, there is not a set CIBIL score required for this loan.
