Personal Loan
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To,TransUnion CIBIL Limited[Formerly known as Credit Information Bureau (India) Limited]One Indiabulls building ,Unit No 1901 – 1905,19th Floor, Tower 2A-2B, Jupiter Mill compound,Senapati Bapat Marg, Lower Parel, Mumbai 400 013
Sub: Grant of Consent
Dear Sirs,
In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Wishfin and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:
- The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.
- I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: (a) I have carefully read the terms and conditions of the Agreement entered into between the Company and TUCL understood the same; or (b) the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.
- I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.
- I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL.
- I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company
- I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Wishfin authorizing Wishfin to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Wishfin to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Wishfin to obtain my Consumer Credit Information .
- I understand that in order to deliver the product to me, I hereby authorize Wishfin, to obtain my Consumer Credit Information from TUCL.
- By submitting this registration form, I understand that I am providing express written instructions for Wishfin to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Wishfin account. I further authorize Wishfin to retain a copy of my information for use in accordance with [Wishfin’s] Terms of Use and Privacy Policy.
- I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
- I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Wishfin . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.
- I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.
Yours faithfully,
Name :____________________________Address : ____________________________Date : ____________________________
A personal loan is a friend when you require immediate funds for meeting all your wishes and purposes. You can wish to travel around the world or would like to have a grand wedding of yours. Wishes are plenty, but to make those happen requires a financial wheel. Yes, I am referring to the personal loan, which you can avail from Punjab & Sind Bank at competitive interest rates. The New Delhi-headquartered public lender carries its personal loan business from over 1,400 branches. It was nationalized by the Government of India on 15th April 1980, along with 6 other banks. For the in-depth details of the bank’s personal loan offers, read the page further.
Punjab & Sind Bank Personal Loan Interest Rates February 2023
Eligibility Criteria for Punjab & Sind Bank Personal Loan
To avail the personal loan in Punjab & Sind Bank, you need to fit into the below eligibility criteria.
- The minimum age of the applicant should be 21 years
- The maximum age of the applicant should be 60 years-70 years
- The salaried individuals need to be Govt./PSU employees
- The pensioners need to have a pension account in the bank
Punjab & Sind Bank Personal Loan EMI Calculator 2023
After the disbursal of loan, it’s the EMI that catches the eye of the borrower. EMI, which is an abbreviated form of ‘Equated Monthly Installements, is a sum total of principal and interest amount payable on the loan each month. It is vital to know the EMI amount so that you can make sufficient provision in your expense list for a hassle-free repayment journey.
For example- You wish to apply for a personal loan amounting ₹6 lakhs from Punjab & Sind Bank for a tenure of 5 years at an interest rate of 12.50% p.a. But you are not sure of the EMIs. So, you can take a look at the table below to check the EMIs payable on your proposed loan.
Table Showing EMI, Interest Outgo, and Total Repayment Amount
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
Year | Principal | Interest | Balance Amount |
---|
1 | ₹ 92,145 | ₹ 69,839 | ₹ 5,07,854 |
2 | ₹ 1,04,347 | ₹ 57,638 | ₹ 4,03,506 |
3 | ₹ 1,18,164 | ₹ 43,820 | ₹ 2,85,342 |
4 | ₹ 1,33,811 | ₹ 28,174 | ₹ 1,51,530 |
5 | ₹ 1,51,669 | ₹ 10,455 | ₹ 0 |
Documentation Required to Apply
Features and Benefits
- Low interest rates
- Simple documentation
- Quick processing & Disbursal
- Affordable Financing
- Easy monthly repayment options
- High loan amounts