Punjab & Sind Bank Personal Loan in Kochi

About Punjab & Sind Bank Personal Loan Kochi

Punjab & Sind Bank Personal Loan Kochi induces the salaried class personnel and pensioners to avail personal loans without disturbing their financial position i.e. bank balance. The loans are available at flexible interest rates which suit the repayment capacity of every borrower. The customers are classified by the bank  with respect to different categories so every customer needs to assess in which category they fall into so as to get the best deal on their personal loans.

Punjab & Sind Bank Personal Loan Kochi at a glance

ParticularsDetails
Interest Rate12.80% - 14.05%
Loan AmountFor Salaried Class:

Up-to 18 times monthly net salary/1.5 times of Net Annual Income or ₹ 3 lacs, whichever is less
For Pensioner:
(a) Pensioners upto the age of 65 years - Up-to 15 times monthly net pension or ₹ 3lacs, whichever is less.
b) For Pensioners above the age of 65 years and upto the age of 70 years - Up-to 10 times monthly net pension or ₹ 1 Lac, whichever is less.
TenureUpto 5 years
Processing FeeOne-Time:
1.0% of the loan amount.
Pre-payment ChargesMinimum prepayment charges

Eligibility Criteria

The borrowers need to fulfill the following eligibility criteria while applying for Punjab & Sind Bank Personal Loan:

  • Salaried class employees and pensioners are eligible to apply for personal loan.

  • The minimum age limit of the borrower should be 21 years whereas the maximum age limit for salaried class Government/PSU employees should be 60 years, for salaried class private employees should be 65 years and for pensioners should be 70 years.

  • The guarantee for the personal loan stands from the Third party/ mutual guarantee/ guarantee of spouse/ Major son.

Documents Required

The salaried employees as well as pensioners need to produce the following documents while applying for personal loan.

  • Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport

  • Address Proof- Utility bill/Passport/Aadhar card/Voter ID

  • Income Proof– Latest Salary Slip/ ITR/Form-16

  • Bank Statement– Last 3-6 Month Bank Statement

To know more details, visit Personal Loan Kochi

Address of Punjab & Sind Bank Branches in Kochi

Branch NameComplete AddressIFSCMICRContact Number
CochinM.G. Road Ernakulam, Cochin - 682011PSIB0000363NON-MICR2382496

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