Cherish the Wedding Celebrations with Punjab & Sind Bank

Punjab & Sind Bank, a New Delhi-headquartered state-owned bank, is a reliable wedding loan partner as it runs its wedding loan business from more than 1,400 branches across the country. With over 100 years of vigil in the banking space, the bank fulfills the varied personal needs by offering a diverse suite of products and services.
If your marriage date is approaching fast, then Punjab & Sind Bank is ready with customized offers to make sure your marriage goes down into your memory lane forever. How can you get funds from the bank is going to be explained throughout the article. So stay tuned and get heard.

Punjab & Sind Bank Wedding Loan Details:

Interest Rates14.30%-14.80% p.a.
Loan AmountUpto 1.8 times of monthly take home salary for salaried, upto 1.5 times of net annual income for self-employed. However, the maximum loan amount is limited to Rs. 3 lakhs.
Repayment24 months-60 months
Processing Fees1% of the loan amount
Foreclosure Charges4% of the principal outstanding as on the day of foreclosure
Secure FeeRs. 999 (only for online)

Features and Benefits of Punjab & Sind Bank Wedding Loan:

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

Eligibility Criteria for Punjab & Sind Bank Wedding Loan:

To avail the wedding 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
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Punjab & Sind Bank Wedding Loan EMI Calculator

Have clarity on the EMIs, payable from your pocket, before you approach the bank for a wedding loan. How can you be assured on that front? Well, the EMI calculator of the public lender is ready to compute the monthly installment payable on the loan. Once you are updated on the EMI, you get an idea of how much savings you must do for a pleasant repayment experience. And not only EMI, but even total interest outgo over the tenure would also be flashed by the calculator. All the calculator needs a slight entry of loan amount, interest rate and tenure of the loan. So, just do that and find the result.

So, if you are looking to avail a 5- year wedding loan of Rs. 3 lakh from Punjab and Sind Bank, you need to glance through the table to find the EMIs payable.

Loan Amount (In Rs.) Tenure (In Years)Interest Rate (In % p.a.)EMI (In Rs.)Total Interest (In Rs.)Total Payment (Principal+Interest) (In Rs.)
300000114.30- 14.8026,979-27,04923,742-24,5903,23,742-3,24,590
300000214.30- 14.8014,446-14,51846,714-48,4203,46,714-3,48,420
300000314.30- 14.8010,297-10,37070,694-73,3293,70,694-3,73,329
300000414.30- 14.808,243-8,31995,672-99,3043,95,672-3,99,304
300000514.30- 14.807,027-7,1061,21,633-1,26,3314,21,633-4,26,331

Documentation Required for Punjab & Sind Bank Personal Loan:

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 cheque Processing fee cheque
Last 3 months bank statement/6 months bank passbook Last 3 months bank statement/6 months bank passbook
Latest salary slip Latest salary slip
Current dated salary certificate with the latest Form 16 Latest ITR or Form 16
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(Updated on:20th October,2016)

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