New Delhi, April 23 -- The Punjab National Bank (PNB), allows borrowers to pre-close their existing personal loans in a seamless fashion. This enables the borrowers to settle and close out with their outstanding debts before the stipulated tenure.

Now, this approach can result in immense savings oninterestand boost one's credit profile. As of April 2025, PNB does not levy pre-payment or even foreclosure charges onpersonal loans, thus helping in making promptrepaymentfinancially beneficial for the borrowers.

4. Request a pre-closure statement: A pre-closure statement from the bank may incur a total fee of Rs.750 along with GST. This statement must be requested by the borrower.

5. Submit the final payment:By making the final payment, you...