Punjab and Sind Bank Personal Loan Key Features – Dec 22 2024
Eligibility Criteria |
Details |
| Age | 21 to 60 yrs (at the time of loan maturity) |
| CIBIL Score | 750 |
| Punjab and Sind Bank Personal Loan Interest Rate | 9.50% p.a. |
| Lowest EMI per lakh | Rs. 2,301 |
| Tenure | 12 to 72 Months |
| Punjab and Sind Bank Personal Loan Processing Fee | 1% |
| Prepayment Charges | Decided by bank |
| Part Payment Charges | Decided by bank |
| Minimum Loan Amount | Rs. 50,000 |
| Maximum Loan Amount | Up to Rs. 5 Lakh or 18 times monthly salary, whichever less |
Punjab and Sind Bank Personal Loan Interest Rate and Charges
| Punjab and Sind Bank Personal Loan Interest Rate | 9.50% p.a. |
| Punjab and Sind Bank Personal Loan Processing Charges | 1% |
| Prepayment Charges | N/A |
| Stamp Duty | As per State |
| Cheque Bounce Charges | As per Bank |
| Penal Interest | As per Bank |
| Floating Rate of Interest | NIL |
Punjab and Sind Bank Personal Loan Status
- Online: You can check the status of your Punjab and Sind Bank Personal Loan by the following methods –
- Visit the site of this bank.
- Check your eligibility.
- Fill the form with your information.
- Their managers will contact you.
- Offline: You can contact them on 1800 419 8300 to check your personal loan status. You can also directly visit their nearest branch and meet the officer in charge.
Punjab and Sind Bank Personal Loan Eligibility Criteria
Eligibility criteria for a personal loan:
| CIBIL score Criteria | 750 or above |
| Age Criteria | 21 to 58 yrs |
| Min Income Criteria | Rs. 15,000 to Rs 25,000 |
| Occupation Criteria | Salaried/Self-Employed/Pensioner |
Punjab and Sind Bank Fees and Other Charges
| Category | Details |
| Punjab and Sind Bank Personal Loan Interest Rate | 9.50% per annum |
| Punjab and Sind Bank Personal Loan Processing Fee | 1% of the loan amount |
| Min ₹ 1000 and Max ₹ 25000 | |
| Prepayment | No prepayment is allowed until 12 EMIs are paid |
| Pre-closure | No foreclosure is allowed until 12 EMIs are paid |
| Prepayment Charges | 13-24 months: 4% of loan principal outstanding |
| 25-36 months: 3% of loan principal outstanding | |
| >36 months: 2% of loan principal outstanding | |
| Stamp Duty | As per state laws |
| Cheque Bounce Charges | ₹ 550/cheque + GST |
| Floating Rate of Interest | Not Applicable |
| Overdue EMI Interest | 2% p.m.(on overdue amount) |
| Amortization Schedule Charges | ₹ 200 + GST |
Punjab and Sind Bank Personal Loan Documents Required
| Form | Duly filled and signed the application form |
| Proof of Identity | Copy of: > Passport > Driving License > Aadhaar Card > Voter ID Card |
| Proof of Address | Rent Agreement (Min. 1 year of stay) Utility Bills Proof of permanent residence Ration card, Bank Account Statement, Latest Credit Card Statement |
| Proof of Income | ITR: Last two financial years (For self-employed)
> Salary Slip: Last 6 months (Salaried Employee) > Bank Statement: Last 3 months |
Punjab and Sind Bank Personal Loan EMI Calculator
Punjab and Sind Bank Personal Loan Compared to Other Banks
| Bank | Interest Rate | Tenure | Loan Amount & Proc Fee |
| Punjab and Sind Bank | 11.10% | 12 to 60 months | Up to Rs. 3 lakh/ 1%-2% of the loan amount |
| HDFC Bank | 11.25% to 21.50% | 12 to 60 months | Up to Rs. 40 lakh / Up to 2.50% of the loan amount |
| Bajaj Finserv | Starting from 12.99% | 12 to 60 months | Up to Rs. 25 lakh / Up to 3.99% of the loan amount |
| Axis Bank | 15.75% to 24% | 12 to 60 months | Rs. 50,000 to Rs. 15 lakh / Up to 2% of the loan amount |
| Citibank | Starting from 10.99% | 12 to 60 months | Up to Rs. 30 lakh / Up to 3% of the loan amount |
| Private Bank | 11.50% to 19.25% | 12 to 60 months | Up to Rs. 20 lakh / Up to 2.25% of the loan amount |
Other Loan Products from Punjab and Sind Bank
Why should you apply for Punjab and Sind Bank Personal Loan with Dialabank?
- Dialabank is the leading helpline in the country.
- Less Documentation is required for processing
- Fast Approval is our priority.
You can call at 9878981166 for any query regarding Punjab and Sind Bank Personal Loan.
How to Calculate EMIs for Punjab and Sind Bank Personal Loan?
There is a requirement of the following information to calculate Punjab and Sind Bank Personal Loan:
EMI:
- Loan of the Amount
- Also, the Interest Rate of the loan
- Tenure of the loan
Punjab and Sind Bank Personal Loan Processing Time
- Fast processing
- It needs less paperwork
- A processing fee may vary and can be asked by the bank
- 10-48 hours for pre-approved existing customers.
Punjab and Sind Bank Personal Loan Preclosure Charges
Is your fund ready? Then you can apply for Preclosure. You can pay back your loan amount after 12 EMIs. For more details, make a call or visit the branch.
Documents Required for Preclosure of Punjab and Sind Personal Loan
Generally, the following documents are required to foreclose your Punjab and Sind Bank personal loan:
- A valid photo identity proof
- Loan Account Statement
- Cheque/ demand draft/ cash to make the payment
Punjab and Sind Personal Loan Foreclosure Benefits
Given below are a few key benefits of foreclosing your Punjab and Sind Bank personal loan:
Foreclosure / Full Prepayment
- Helps you save on the overall interest payout.
- Frees you from the burden of regular loan repayments.
Partial Prepayment
- It enables you to save on the interest component.
- You also have the advantage of either paying a reduced EMI amount or having a shorter loan tenure.
Punjab and Sind Bank Prepayment Facility
Punjab and Sind Bank also offers a prepayment facility to help the customers pay off the entire outstanding or a part of it. If you have a surplus amount of money in hand and meeting the below criteria then you can pay a part of your principal outstanding amount to reduce the same. This will also help in saving interest accrued on the principal amount. Know more about this facility below.
- Prepayment will be allowed subject to the successful payment of the first 12 EMIs
- Prepayment will be allowed a maximum of twice during the entire tenure of the loan
- Prepayment is allowed only once a year
- At any point in time, the prepayment will not exceed 25% of Principal Outstanding
Charges to be paid on Prepayment
- 13-24 Months – 4% of the outstanding loan balance
- 25-36 Months – 3% of the outstanding loan balance
- More than 36 Months – 2% of the outstanding loan balance
Pre Calculated EMI for Punjab and Sind Bank Personal Loan
| LOAN AMOUNT | INTEREST RATE | TENURE | MONTHLY INSTALMENT | TOTAL INTEREST AMOUNT | TOTAL AMOUNT |
| ₹ 1,00,000 | 12.65% | 1 | ₹ 8,920 | ₹ 7,040 | ₹ 1,07,040 |
| ₹ 2,00,000 | 11.10% | 2 | ₹ 9,331 | ₹ 23,941 | ₹ 2,23,941 |
| ₹ 2,00,000 | 13.65% | 3 | ₹ 6,802 | ₹ 44,857 | ₹ 2,44,857 |
| ₹ 2,50,000 | 11.50% | 4 | ₹ 6,522 | ₹ 63,068 | ₹ 3,13,068 |
| ₹ 3,00,000 | 13.65% | 5 | ₹ 6,926 | ₹ 1,15,570 | ₹ 4,15,570 |
Punjab and Sind Bank Personal Loan for Salaried Employees
P&S Bank offers Personal Loan for Salaried Employees at attractive rates of interest. The amount that you get a loan depends on the Company that you work for, The take-home salary of the employee, and the city of residence of the employee. Punjab and Sind Bank offers these loans for a tenure of 12-60 months and provides instant approval along with funds to pre-approved customers.
Punjab and Sind Bank Personal Loan for Self Employed Individuals
Punjab and Sind Bank’s Personal Loan for Self Employees is a loan product offered to self-employed individuals and in need of funds. The bank provides them with attractive rates of interest on their personal loan and tenure of 12-60 months. However, as compared to Salaried Employees, you have to present more documents here as you need to provide the bank with sufficient documents related to your business to prove its continuity as well as your steady income.
Punjab and Sind Bank Personal Loan for TCS Employees
- Exclusive personal loans with a reasonable interest rate of 12.25% p.a.
- EMI for personal loans starts at Rs.2178 per lakh when terms and conditions are met.
- The hassle-free documentation process for TCS employees.
- Pre-approved personal loans for eligible TCS employees.
- Personal Loan Interest rate starting at 11.99% p.a for superbike loans.
- Great offers on home loans with an interest rate of 9.45% p.a and discount interest rate for women at Rs.9.40% p.a.
Punjab and Sind Bank Moratorium Process
The processes to stop your loan EMIs at Punjab and Sind Bank are as follows-
- Visit the Punjab and Sind Bank website or use their mobile app.
- Click on the link where the option of moratorium period is popping up.
- On the application page, mention your registered mobile number, name, and email ID.
- After that enter your DOB and select the loan type.
- Enter your loan number and also mention your EMI amount
- After that make a decision and choose a suitable service to avail.
- Click on the EMI deferment option that says I agree to pay the accrued interest on the remaining balance
- Click on the ‘Submit’ button.
- The bank will check the details thoroughly and process your moratorium request
- You’ll be given a reference upon the successful completion of the process on your registered mobile number and email ID
However, if you don’t wish to defer EMI, you should click on the second option after the deferment option. This makes sure that EMI payments are scheduled with no extra interest charged on them.
Punjab and Sind Bank representatives can also get in touch with you via WhatsApp or call regarding the moratorium process.
Punjab and Sind Bank Personal Loan Special Pricing
If a customer is looking for INR 5 lakh of the loan amount or more than that below rates would be applicable.
| Loan Amount | IRR | Processing Fee (+GST) |
|---|---|---|
| Loan amount >=5 lakh* | 11.50% | INR 3999 |
*Terms & conditions apply
This offer is not applicable for Top-up/ Enhancement/ Existing loan amount closure.
If a customer is looking for a Balance transfer and a fresh loan of above INR 10 lakh above, the below offer is available.
| NTH | Loan Amount | IRR | Processing Fee (+GST) |
|---|---|---|---|
| >=50000 | Loan amount >=10 lakh* | 10.50% | INR 3999 |
*Terms & conditions apply
- Not applicable on Existing loan closure
- Not applicable for Credit card BT
How to Manage a Personal Loan
Here are the 4 tips that will help you manage your loans:
1. Pay On-Time – The first step is to avoid late fees and penalties. The best way to do that is by paying your monthly payments on time every month. This also hits the credit score. These are needless and all too common consequences that will work against your financial condition.
If you have just taken a personal loan or are about to, the best way to manage your loan is by making a monthly payment on your loan as soon as you receive the loan. By being a payment ahead of your instalment plan you will have a buffer against a missed payment.
2. Pay More Than Your Minimum – Paying beforehand is a good option for managing your plans but paying a little extra every month keeps you ahead of your loan term and provides you with some other financial bonuses. Moreover, paying extra on your loan reduces the length of the repayment plan. This will help you clear the debt and allows you to regain your financial independence sooner.
It will also reduce the rate of interest you owe and thus, saving you money in the long run. Paying off your debts faster also leads to an improvement in your credit score. A lower credit score will benefit you in several ways, like dropping down payments and rates of interest.
3. Consolidate Your Loans – For debtors managing multiple personal loans, consolidation could be the best way to simplify your debt repayment. Debt Consolidation is when you take a large loan to repay all the other loans you have taken. So, instead of paying multiple lenders every month with different rates of interest and needs, one can make a single payment to one provider.
Debt Consolidation is helpful if you can save an interest rate on a new loan that is lower than the average interest rate of the earlier loans. The only disadvantage that lies here is that one will likely end up having to reimburse the debt quicker than before. Before consolidating your debt, make sure that you can make the payments on a new loan. This may also help to reimburse large portions of your loans on credit rather than with a single loan, consolidating it into more controllable pieces.
4. Credit Score – Last but not least, always keep a close watch on your credit score while reimbursing a personal loan. The credit score plays a major role in finances and has an important relationship with the loans taken out. How you manage your loans is reflected in your credit score. On the other hand, falling behind on your payments will subordinate the credit score. Thus, a higher credit score is important.
Different Offers For Punjab and Sind Bank Personal Loan
Punjab and Sind Bank Home Loan
Punjab and Sind Bank offers personal loans for a home:
- The minimum age is 21 yrs
- The maximum Age should be 60 yrs
- Regular Income applicants are a must for the Home Loan
- Earn more than the required monthly income.
Punjab and Sind Bank Personal Loan for Government Employees
Punjab and Sind Bank offers personal loans to all the Govt. employees. The loan amount depends on the Company in which you are working.
Punjab and Sind Bank Personal Loan Offers for Government Employees
| Offers By Government | Number of Companies | Processing Fee(% of the Loan Amount | IRR |
| Miniratna, Navratna, and Maharasthra | 55 | 1.50% | 13.49% |
| 11.49% | |||
| 10.99% | |||
| Pensioner | All | 1.50% | 14.75% |
| Employees from the Railway Department | All | 1.50% | 16.50% |
| 15.00% | |||
| 14.25% | |||
| CISF, CRPF, ITBP, SSB and BSF | All | 1.50% | 14.75% |
State and Central Government Officers:
| Section | Salary | Processing charge | IRR |
| Government Officer Division A (GA) and Division B (GB) | NTH>24k | 2% | 16.75% |
| NTH>35k | 2% | 15% | |
| NTH>50k | 1.75% | 14.75% |
Punjab and Sind Bank Education Loan
- Studies in India: Maximum up to Rs. 10 lakhs.
- Studies Abroad: Maximum up to Rs. 20 lakhs.
Punjab and Sind Bank Personal Loan for Pensioners
- A processing charge can be asked from the bank.
- Very Affordable Interest Rate
Punjab and Sind Bank Personal Loan Balance Transfer
- Personal Loan balance transfer means the borrower transfer the sum to other institutions.
- Low-interest rates.
- Long repayment tenure.
Punjab and Sind Bank Personal Loan Top Up
Punjab and Sind Bank’s personal loan provides a top-up that means an additional amount on the existing loan.
Punjab and Sind Bank Personal Loan Overdraft Scheme
Punjab and Sind Bank Personal Loan offers an Overdraft Scheme. With this, you are provided with a loan amount as an overdraft facility. It works like a Credit Card, where you can spend your Personal Loan Amount as you want anytime anywhere. The overall loan amount will have a Credit/Loan Limit. In the PSB Personal Loan Overdraft facility, the bank charges interest only on the amount you withdraw/utilize.
Punjab and Sind Bank Home Renovation Loan
Punjab and Sind Bank offers home improvement loans for people who wish to have their homes renovated. This personal loan would fund essential repairs or help the borrower bring new fittings, fixtures, and furniture into their home. Some of the key features of the Punjab and Sind Bank Home Renovation Loan are:
- The interest rate of Punjab and Sind Bank’ Home Renovation Loan starts at as low as 11.25%
- To renovate their house, individuals can qualify for a loan amount of up to Rs. 20 Lakh.
- The home renovation loan from Punjab and Sind Bank includes minimum paperwork that renders the entire loan process hassle-free
- Usually, the loan amount is credited to the account within 72 hours after the bank approves your application.
Punjab and Sind Bank Holiday Loan
Punjab and Sind Bank Holiday Loan will assist you to prepare your dream vacation with minimal hassle. This personal loan from Punjab and Sind Bank will facilitate a range of vacation expenses, including booking a flight ticket, lodging in a hotel, guided tours, etc. The principal features of Punjab and Sind Bank’ Holiday Loan are:
- The interest rates on holiday loans start at 11.25% p.a.
- An amount of up to Rs 20 Lakh can be used conveniently so that a financial crisis will not ruin your dream holiday.
- Simplified and Minimal paperwork helps fund your holiday easily and conveniently.
- Quick processing and disbursement of credit, which is credited to your account directly.
Punjab and Sind Bank Fresher Funding
Most unsecured personal loans are targeted at individuals with a regular income, but P&S Bank’s Fresher Funding is different. This loan choice from Punjab and Sind Bank is designed to support newcomers, i.e. recent graduates who are seeking their first job. Some main features of the personal loan from Punjab and Sind Bank Fresher Funding include the following:
- Sum of up to Rs 1.5 lakh loans
- The candidate is expected to be at least 21 years of age.
- The interest rate for Fresher Funding depends on the profile of the loan borrower, the credit history/score of the applicant, age, and location.
Punjab and Sind Bank NRI Personal Loan
Punjab and Sind Bank provides NRIs solely with a personal loan, recognizing the hopes and desires of NRIs. The primary loan candidate must be an Indian citizen and the co-applicant NRI must be a close relative. The following characteristics include NRIs Personal Loan
- Punjab and Sind Bank offers NRIs up to Rs. 10 lakh in private loans with flexible end-use
- The interest rates for NRI Personal Loans start at 15.49% p.a.
- For a term of up to 36 months, the loan is.
Punjab and Sind Bank Personal Loan Preclosure Online
Punjab and Sind Bank enables a Personal loan borrower to make a pre-closure or a pre-payment of a loan. However, you will be able to prepay your PSB Personal Loan only after 12 months after you have procured your loan and after paying 12 EMIs plus the foreclosure charges that may be applicable. If you meet this requirement, you can repay your personal loan before the original due date and close your loan early.
Punjab and Sind Bank Personal Loan Process Steps
Step 1: Determine your requirement
Figure out why you need a Personal Loan and how much you need. For example, you may need a loan to fund your wedding or to renovate your home. And you may need just Rs. 1 lac or Rs. 10 lac.
Step 2: Check loan eligibility
Once you know how much you need, you should check whether you are eligible. You can visit the Punjab and Sind Bank website to check your Personal Loan Eligibility Criteria online, to find out how much you can borrow as a Personal Loan. Punjab and Sind Bank offers loans up to Rs. 4 lacs.
Step 3: Calculate monthly instalments
Use an online EMI tool to calculate your approximate loan repayments every month. You can modify the interest rate and tenure to match your monthly income, like on the Punjab and Sind Bank Personal Loan EMI Calculator. Punjab and Sind Bank offers pocket-friendly EMIs on all its Personal Loans starting at Rs. 2,301 per lac * (T&C).
Step 4: Approach the bank
You can apply for a Personal Loan with Punjab and Sind Bank in various ways: Via Net Banking, online on the Punjab and Sind Bank website, at an ATM, or by visiting the nearest branch.
Step 5: Submit documents
Next, find out what documents are required for a Personal Loan. You will usually need income proof (bank statements, salary slips or IT returns), address proof, and ID proof. Hand over copies of your Personal Loan documents at the bank.
Wait for funds to be remitted to your account. Punjab and Sind Bank disburses funds for pre-approved loans to customers in 10 seconds*, and for non-P&S Bank customers in 4 hours.
That’s how to get a Personal Loan in 5 easy steps!
Punjab and Sind Bank Personal Loan Prepayment Charges
If you are a salaried applicant, you can pre-pay your PSB Personal Loan only after paying 12 equated monthly instalments completely.
The pre-payment charges for salaried applicants are as follows:
- 4% of the outstanding principal amount for 13 to 24 months.
- 5% of the outstanding principal amount for 25 to 36 months.
- 2% of the outstanding principal amount for more than 36 months.
How to Apply for Punjab and Sind Bank Personal Loan?
There is less requirement for paperwork. It helps in saving your time, and you get your loan approval faster.
Availing a personal loan is very simple; all you have to do is to:
- Visit the website of Dialabank and fill the application form.
- You will get a call from us.
- Our instructors will guide you through the entire process and tell you the details of the loan.
Personal Loan Verification Process
- Upon submission of the completed online application by Dialabank, the representative of Punjab and Sind Bank will send you a verification call to schedule the collection of relevant loan documents.
- After you have provided all the documentation needed, such as KYC, proof of income, etc the lender verifies them.
- After validation, with confirmation of the final loan amount, interest rate, and tenure of your personal loan, you will receive another call from the bank.
- Once the bank receives confirmation from you that the terms of the loan are appropriate, the balance of the loan is disbursed.
Check Your Punjab and Sind Bank Personal Loan Application Status
There is currently no online portal for checking the status of your Punjab and Sind Bank personal loan application. Hence, you can use the following ways to perform the task:
- Punjab and Sind Bank’s e-Banking service
- Contacting the Punjab and Sind Bank Customer Care on their helpline number 1800 419 8300.
- An in-person visit to a nearby P&S Bank branch.
How to Login to Punjab and Sind Bank Portal
- Visit the portal of Punjab and Sind Bank e-Banking
- Fill in the details needed, and then press ‘Login’
- You can review your current loan information once you are signed in, apply for a new loan, check your personal loan eligibility for a new loan, etc.
How to check Punjab and Sind Bank Personal Loan Statement?
By following the steps given below, clients can download the bank’s personal loan statement:
- Go to the bank’s official website.
- From the drop-down list, pick ‘Service Requests’.
- Select ‘Personal Loan Related on the corresponding page that opens, under the ‘Loans’ menu.
- Then, click on ‘Request for Loan Account Statement’.
- Use your user ID and password to log in, or use your registered mobile number and OTP to use the personal loan statement of the bank.
Punjab and Sind Bank Personal Loan Restructuring (COVID-19)
To alleviate the impact of the COVID-19 pandemic to a certain degree, a 6-month moratorium on different term loans was announced. Upon completion of the 6-month moratorium, Punjab and Sind Bank announced the RBI-mandated one-time benefit from Punjab and Sind Bank’s personal loan restructuring. This mechanism is intended to provide continuing relief to those borrowers who, due to the continuing financial distress of the pandemic, are still unable to begin repayment of their daily EMI.
The loan settlement mechanism implemented by PSB includes an additional moratorium of up to 2 years or an extension to the existing repayment period to decrease monthly EMI payments. It should be recalled, of course, that the restructuring of your personal loan to Punjab and Sind Bank will result in additional interest rates above those applicable to the original loan. Thus this relief tool can be used only as a last resort.
Punjab and Sind Bank Customer Care
- You can dial the helpline number 1800 419 8300 anytime.
- Callback Request: You can likewise demand a get back to by visiting the bank’s site
- You can reach Punjab and Sind Bank online on their website.
Benefits of Applying for Personal Loan at Dialabank
Based on interest rates, lenders, loan tenure, and others, Dialabank provides easy access and uses the platform to compare personal loan offers. Some main advantages of applying for a personal loan on Dialabank.com are the following:
- Easy Accessibility: It is easy to apply for Dialabank personal loans from the comfort of your home or office.
- Quick Processing: Fast processing and swift reporting help to use personal loans with minimal hassle.
- 24 X 7 Support: The dedicated customer service team provides end-to-end support for smooth online application processing
- Know EMI in a flash: With the individual credit EMI Calculator on Dialabank you can check the EMIs you would be paying on a personal advance even before you apply for one. It will assist you with acquiring the reasonable sum that you can without much of a stretch reimburse and have a helpful reimbursement plan.
- Hassle-free process: No need to visit the bank branch to request a personal loan that saves time and effort
How to Get the Best Offer on Punjab and Sind Bank Personal Loan
You can get the best close to home financing costs from P&S Bank subject to an evaluation of your credit sum, pay, other commitment organizations you work with, and advance residency. The accompanying elements decide the individual credit pace of interest you can hope to get from PSB:
- Credit Amount – This is the sum acquired by a borrower from the bank. By and large, banks offer lower financing costs for higher sums. Punjab and Sind Bank offers credits between ₹ 50,000 and ₹ 3 Lakh.
- Compensation – Income characterizes your ability to reimburse the credit. More significant compensation section people are offered credits at lower financing costs. The loan cost of the bank fluctuates with your net month to month pay.
- Manager Category – Punjab and Sind Bank has an inner rundown of organizations falling into classifications that are positioned from high to low organization classes dependent on the organization’s size, notoriety, and existing relationship with the bank. Representatives who have a place with organizations in higher organization classes get appealing limits and low financing cost advances.
- Relationship with the Bank – Punjab and Sind Bank offers extraordinary rates, offers, and charges to the current record holders of the bank. The individuals who have dealt with their records and made all the instalments on time in the past will get the advantage of a low Punjab and Sind Bank advance loan cost.
- Credit Tenure – Personal advances are of more limited residency that goes from a year to 60 months as they are taken to meet their quick prerequisites.
- Reimbursement Capacity – Before giving an advance to the borrower, P&S Bank checks the reimbursement limit of the borrower. Bank confirms the reimbursement limit of the client through CIBIL as it has the reimbursement history of past credits taken. CIBIL additionally catches data of charge card charges instalment.
How does Punjab and Sind Bank Personal Loan work?
Here is the process:
| Maximum Annual Percentage Rate (APR) | 12% to 22.5% |
| A representative example of the total cost of the loan, including all applicable fees | Here is an illustration of the total cost of the loan: |
| Total amount borrowed: ₹ 1,00,000 | |
| Time period: 12 Months to 60 Months | |
| Punjab and Sind Bank Personal Loan Interest Rate: 12.75% to 21.65% | |
| Processing Fee payable to Upto ₹ 2,500 | |
| Fee payable to MyLoanCare: NIL | |
| Total Monthly Cost – From ₹ 2,301 for 60 Months ₹ 1,00,000 loan at 11.50% (lowest rate, longest time period) to ₹ 9,359 for 12 Months ₹ 1,00,000 loan at 22.00% (highest rate, shortest time period). This is inclusive of principal repayment. | |
| Annual Percentage Rate (APR) of charge including all applicable fees: 12% to 22.5% | |
| Total cost payable over loan tenure: ₹ 8,278 for 12 Months loan to ₹ 31,463 for 60 Months loan |
Important Aspects
Some of the significant factors that need to be addressed when applying for personal loans are as follows:
- Before applying for a loan, make sure that you review your credit score. For a successful personal loan application, normally 750 and above is considered an ideal credit score
- Read the terms and conditions and the charges associated with your personal loan.
- Compare personal loans with different lenders through various options such as loan principal, interest rate, loan tenure, and others.
- Before applying for personal credit, always review your monthly EMI and select the tenure wisely. If your EMI is too high, your chance of default increases, while too small an EMI increases your overall interest payout.
FAQs About Punjab and Sind Bank Personal Loan
✅ How to apply for Punjab and Sind Bank Personal Loan?
You can apply for a personal loan with Punjab and Sind Bank by visiting the nearest Punjab and Sind Bank branch or through a simple form submission with Dialabank. With Dialabank, you get the satisfaction to apply from anywhere and get quick online approval.
✅ What is the Interest Rate for Punjab and Sind Bank Personal Loan?
Punjab and Sind Bank charge an interest rate of 9.50% p.a. for their personal loan products.
✅ What is the minimum age for getting a Personal Loan from Punjab and Sind Bank?
It would be best if you were at least 21 years old to apply for a personal loan with Punjab and Sind Bank.
✅ What is the maximum age for getting a Personal Loan from Punjab and Sind Bank?
The maximum age for availing of a personal loan from Punjab and Sind Bank is 60 years.
✅ What is the minimum loan amount for Punjab and Sind Bank Personal Loan?
The minimum loan amount for getting a personal loan from Punjab and Sind Bank is Rs 50000.
✅ What is the maximum loan amount for Punjab and Sind Bank Personal Loan?
Punjab and Sind Bank allows you to take a maximum loan amount of Rs. 5 lakhs under the personal loan scheme.
✅ What are the documents required for Punjab and Sind Bank Personal Loan?
Aadhaar card/Voter ID, PAN card, salary slips of the last 6 months, the ITR of the last two years, and two recently clicked photographs are required for a personal loan from Punjab Sind Bank.
✅ What is the Processing Fee for Punjab and Sind Bank Personal Loan?
Punjab and Sind Bank charges a processing fee of up to 1% of the loan amount plus GST for the personal loan.
✅ How to get Punjab and Sind Bank Personal Loan for Self Employed?
Punjab and Sind Bank has special offers for self-employed borrowers to meet their financial needs. You will have to present the ITR files of the last two years as your income proof.
✅ What is the Maximum Loan Tenure for Punjab and Sind Bank Personal Loan?
The maximum tenure period for a personal loan from Punjab and Sind Bank is 72 months.
✅ What should be the CIBIL Score for Punjab and Sind Bank Personal Loan?
It would help if you had a CIBIL score of at least 750 or above for availing of a personal loan from Punjab and Sind Bank.
✅ Do I have a preapproved offer for Punjab and Sind Bank Personal Loan?
You can examine your preapproved personal loan offers from Punjab and Sind Bank with Dialabank. All you have to do is fill the form, and we will check all the offers for you and get back to you to help you choose the best one.
✅ How to calculate EMI for Punjab and Sind Bank Personal Loan?
You can use the EMI calculator available at Dialabank’s website to calculate your personal loan EMIs from Punjab and Sind Bank.
✅ How to pay Punjab and Sind Bank Personal Loan EMI?
Your personal loan EMIs from Punjab and Sind Bank are automatically deducted from your bank account every month. You can also use the net-banking facility of Punjab and Sind Bank to pay your personal loan.
✅ How to close Punjab and Sind Bank Personal Loan?
You will have first to pay all the outstanding personal loan amounts and then contact the Punjab and Sind Bank branches to collect your no dues certificate.
✅ How to check Punjab and Sind Bank Personal Loan Status?
You will need to visit the Punjab and Sind Bank branches to know your personal loan status. On the other hand, you can visit Dialabank and fill a simple form to let us do the hard work for you.
✅ How to close Punjab and Sind Bank Personal Loan Online?
Closing of personal loan from Punjab and Sind Bank requires the following steps:
- Visit the net-banking page of Punjab and Sind Bank.
- Login using your details.
- Pay for your personal loan and save the transaction receipt.
✅ How to pay Punjab and Sind Bank Personal Loan EMI Online?
Your personal loan EMI can be paid through the net banking services of Punjab and Sind Bank. Dialabank lets you compare offers and deals from different banks to choose the best, to avail of a low-EMI personal loan. All you have to do is fill a simple form, and we will do the rest for you.
✅ How to check Personal Loan Balance in Punjab and Sind Bank?
To check the personal loan balance in PNB, you will contact Punjab and Sind Bank’s customer care number. If you are searching for low-interest personal loans, you can visit Dialabank and fill a simple form for Personal Loan Balance Transfer, and we will do the hard work for you.
✅ How to download Punjab and Sind Bank Personal Loan Statement?
Punjab and Sind Bank’s personal loan statements can be downloaded using the Punjab and Sind Bank mobile banking app. You can visit Dialabank online and fill a simple form to compare and know about all the offers that we have for you.
✅ How to Top Up Personal Loan in Punjab and Sind Bank?
If you require a top-up on your personal loan from Punjab and Sind Bank, you will visit the bank branch and contact the loan officer. You can also fill a simple form with Dialabank at Personal Loan Top Up and leave the rest to us
✅ What happens if I don’t pay my Punjab and Sind Bank Personal Loan EMIs?
Punjab and Sind Bank charges you with a penal interest if you fail to pay your personal loan EMIs. You can apply for a balance transfer using Dialabank to get low-interest personal loans that will not put a hole in your pocket.
✅ How to find the Punjab and Sind Bank Personal Loan account number?
You will need to contact your Punjab and Sind Bank loan branch to find your personal loan account number. You may also fill out the form available at Dialabank and let us do all the work for you.
✅ What is the Punjab and Sind Bank personal loan closure procedure?
Visit the bank with the complete set of documents (as mentioned above). You may be required to fill a form or write a letter requesting the Personal Loan account pre-closure. Pay the pre-closure amount. Sign the required documents, if any. Take acknowledgement of the balance amount you have paid.
✅ What is Punjab and Sind Bank personal loan maximum tenure?
The maximum tenure of the Punjab and Sind Bank personal loan is 72 months.
✅ What is Punjab and Sind Bank personal loan minimum tenure?
The minimum tenure of the Punjab and Sind Bank personal loan is 12 months.
✅ What is the Punjab and Sind Bank personal loan customer care number?
The customer care number of Punjab and Sind Bank personal loan is 9878981166.
✅ What are the Punjab and Sind Bank Personal Loan pre-closure charges?
Punjab and Sind Bank gives you the option of pre-closing your loan after a minimum of 12 months of taking the loan and paying 12 successful EMIs on your mortgage. However, Punjab and Sind Bank charges a Prepayment or Pre-closure charge. Refer to the table mentioned above.
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