In a major step towards inclusive banking, Punjab National Bank (PNB) has launched the PNB Divyang Loan scheme. The new loan program is designed to help persons with disabilities access affordable home and vehicle loans.
The scheme has been introduced in partnership with National Disability Finance and Development Corporation (NDFDC), which will provide 100% refinance support.
The initiative aims to make housing and mobility more accessible while promoting financial independence.
Home Loans Up to ₹50 Lakh
Under the PNB Divyang Loan scheme, eligible applicants can get home loans of up to ₹50 lakh. The loan can be used for:
Buying a house
Constructing a new home
Renovating an existing property
Composite housing projects
The bank says the scheme is intended to help more people with disabilities achieve their dream of owning a home.
Affordable Vehicle Loans to Improve Mobility
The scheme also offers concessional vehicle loans to support personal mobility and employment opportunities.
Eligible customers can avail:
Up to ₹1.50 lakh for a two-wheeler
Up to ₹50 lakh for a modified four-wheeler
Customers who take both a home loan and a vehicle loan can avail a combined maximum limit of ₹50 lakh.
Low Interest Rates and Easy Eligibility
One of the key highlights of the scheme is its affordable pricing. Interest rates start from 5% per annum, and the rate remains the same regardless of the borrower’s credit score (CIC score).
To qualify for the scheme, applicants must:
Be Indian citizens
Be at least 21 years old
Have 40% or more disability
Possess a valid UDID card or UDID enrolment registration
The bank has also made the application process easier by offering access through PNB branches across India.
PNB Focuses on Inclusive Banking
Speaking about the launch, Subodh Kumar, General Manager of PNB’s Retail Asset Business Division, said the bank believes financial inclusion should provide meaningful access, dignity, and empowerment to every section of society.
According to PNB, the scheme aims to make formal credit more affordable and accessible for people who may have had limited access to such financial services in the past.
The initiative also supports the Government of India’s goal of promoting inclusive development and economic empowerment for persons with disabilities.
Key Features of PNB Divyang Loan
Home and vehicle loans with a combined limit of up to ₹50 lakh
Vehicle financing for modified two-wheelers and four-wheelers
Interest rates starting from 5% per year
Credit score does not affect the concessional interest rate
100% refinance support from NDFDC
Available to eligible persons with disabilities across India
Easy access through PNB branches nationwide
For more details, customers can visit their nearest PNB branch or check the official website of Punjab National Bank.
