PNB launches 'Divyang Rin' scheme, offers home and vehicle loans at 5% interest for persons with disabilities

Punjab National Bank (PNB), one of India’s leading public sector banks, has introduced “PNB Divyang Rin”, a concessional home and vehicle loan scheme designed to empower Persons with Disabilities (PwDs) through affordable and accessible financing solutions.

The scheme has been launched in partnership with the National Divyangjan Finance and Development Corporation (NDFDC), under which the Bank will provide concessional financing for housing and mobility needs, supported by 100% refinance from NDFDC.

Under the scheme, eligible Indian citizens can avail home loans of up to Rs 50 lakh for purchase, construction, renovation, or composite housing purposes.

In addition, concessional vehicle loans will be available for modified four-wheelers (up to ₹50 lakh) and two-wheelers (up to ₹1.50 lakh) aimed at improving mobility, employability, and financial independence. The maximum combined limit for a customer availing both a Home Loan and a Vehicle Loan is capped at ₹50 lakh.

Speaking on the occasion, Subodh Kumar, GM, Retail Asset Business Division, PNB, said: "PNB Divyang Rin is a reflection of our commitment for creating inclusive banking solutions that enable Persons with Disabilities to achieve greater financial independence, improved mobility, and home ownership aspirations. By offering concessional interest rates and simplified access to formal credit, the scheme seeks to make institutional finance more affordable and accessible for underserved communities. The initiative is aligned with the Government of India’s vision of inclusive growth and economic empowerment of Divyangjan through targeted financial support.”

Key highlights of the scheme include:

• Concessional home loans and vehicle loans with a maximum combined limit of ₹50 lakh.

• Financing support for modified vehicles for personal mobility (up to ₹1.50 lakh for two-wheelers and Rs. 50 lakh for four-wheelers).

• Affordable Simple Interest rates starting from 5% per annum, charged irrespective of the borrower's CIC score.

• 100% refinance support from NDFDC

• Eligibility for Indian citizens above 21 years with 40% or more disability and valid UDID or UDID Enrolment registration.

• Simplified access through PNB branches across the country.

The bank further stated that the scheme aligns with the Government of India’s larger vision of inclusive growth and economic empowerment for Divyangjan through institutional credit support.