Punjab and Sind Bank Personal Loan Interest Rates

Punjab & Sind Bank offers personal loans starting at 10.55% p.a. for loan amounts up to Rs 10 lakh and terms up to 6 years. Pensioners in Punjab and Sind can also apply for a personal loan of up to Rs 3 lakh.

Details of the Punjab and Sind Bank Personal Loan Schemes

Particulars

Details

Punjab and Sind Bank personal loan interest rates

10.55% to 12.15% p.a.

Maximum Amounts

Rs. 10 lakhs

Terms

6 Years

Fees

1%

Prepayment Charge

-

Characteristics of the Punjab and Sind Personal Loan Schemes

Get all of the information you need about Punjab and Sind Personal Loans here-

  • Quick processing, online application, and complete transparency are all available.
  • The maximum financing amount that can be disbursed is determined by the applicant's profile.
  • There are no hidden fees or ambiguous terms and conditions.
  • Complete client service is offered. The loan has a competitive interest rate.

Types of Personal Loans from the Punjab and Sind Bank Personal Loan Schemes

There are various types of personal loans from the Punjab and Sind Banks, and they are all explained here-

1) Personal Loan Schemes for the Salaried

  • Regular personal loans to government/PSU personnel and confirmed staff of other institutions to address personal financial needs.
  • Loan Amount: Up to 18 times monthly net salary/1.5 times net annual income, whichever is smaller, or Rs.3 lacs.
  • Tenure: Up to a period of five years, subject to the maximum age criteria, whichever comes first.

2) Personal Loan Schemes for the Pensioners

  • Pension loans are provided to pensioners who have a pension account with Punjab & Sind Bank in order to meet their own needs.
  • Loan Amount: Up to 15 times the monthly net pension or Rs.3 lacs, whichever is less, for pensioners under the age of 65, and up to 10 times the monthly net pension or Rs. 1 lakh, whichever is less, for pensioners after the age of 65 and up to the age of 70.
  • Tenure: Up to five years, which is also subject to the maximum age criteria, whichever comes first.

Punjab and Sind Bank Personal Loan Rate of Interest in 2024

CIBIL

Interest Rates

768-900

10.55%

753-767

10.65%

732-752

10.85%

690-731

11.20%

641-689

11.65%

Who Will be Eligible for the Punjab and Sind Bank Personal Loan

To be eligible for a personal loan from Punjab & Sind Bank, you must meet the following conditions.

  • The applicant has to be at least a minimum of 21 years old.
  • The applicant's age should be between 60 and 70 years old.
  • Individuals earning a salary must work for the government or a public sector organization.
  • Pensioners must have a pension account with a bank.

Required Documents

  • Completed and signed application form, together with two passport-sized pictures
  • Identification is required.
  • Address and age verification
  • Proof of Income

Who is Eligible for a Personal Loan from Punjab and Sind Bank?

  • To qualify for a personal loan, the applicant must have a salary/pension account with the bank.
  • Age: Salaried: 21-60 years old Age range for pensioners: 21-70 years.
  • When determining personal loan eligibility, Punjab & Sind may evaluate the monthly income and credit score of its applicants, the same as other lenders do.

Other Bank Personal Loan Comparisons

Banks/NBFCs

Interest Rates (p.a.)

Kotak Mahindra Bank

10.99% onwards

HDFC Bank

11.00% onwards

ICICI Bank

10.75% onwards

Axis Bank

10.25% onwards

IDFC First Bank

10.75% onwards

IndusInd Bank

10.49% onwards

SBI

10.30%-15.10%

Other Charges of the Personal Loans from Punjab and Sind Bank

 

Processing Fee

1.00% + GST

Documents Charges

Stamp charges

Inspection Charges

-

Prepayment Charges

-

Other Bank Personal Loan Comparisons

Banks/NBFCs

Interest Rates (p.a.)

Kotak Mahindra Bank

10.99% onwards

HDFC Bank

11.00% onwards

ICICI Bank

10.75% onwards

Axis Bank

10.25% onwards

IDFC First Bank

10.75% onwards

IndusInd Bank

10.49% onwards

SBI

10.30%-15.10%

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