Punjab & Sind Bank Personal Loan

About Punjab & Sind Bank Personal Loan

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 article further.

Personal Loan

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    Punjab & Sind Bank Personal Loan Interest Rates

    ParticularsDetails
    Interest Rates12.50% - 13.75%
    Loan Amount₹3 Lakh
    Repayment60 months
    Processing Fees1% of the loan amount

    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

    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

    Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    Year Principal Interest Balance Amount

    Documentation Required to Apply

    SalariedSelf-Employed
    Signed application form with photographSigned application form with photograph
    Copy of passport/voter ID card/driving licenseCopy of passport/voter ID card/driving license
    Processing fee chequeProcessing fee cheque
    Last 3 months bank statement/6 months bank passbookLast 3 months bank statement/6 months bank passbook
    Latest salary slipLatest Bank statement
    Current dated salary certificate with the latest Form 16Latest ITR or Form 16

    Features and Benefits

    • Low interest rates
    • Simple documentation
    • Quick processing & Disbursal
    • Affordable Financing
    • Easy monthly repayment options
    • High loan amounts

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    EMI Calculator