You can avail a marriage loan of upto Rs. 3 lakh from Punjab and Sind Bank to deal with various wedding expenses including venue, catering, decoration, invitation cards, gifts, etc. Also, if you are a pensioner who is drawing his pension from Punjab and Sind Bank, you can apply for the marriage loan for your child’s marriage. The loan can be applied both online and offline only by submitting minimum documents and can be repaid within a flexible tenure.
Punjab and Sind Bank Marriage Loan – Features
- Loan for pensioners: Punjab and Sind Bank make its marriage loan available to pensioners too (only if the pensioner is having his pension account with the bank)
- Flexible tenure: At Punjab and Sind Bank, you get the option of repaying your loan maximum by 60 months. You can select the desired tenure as per your convenience
- Hassle-free process: The process to apply for Punjab and Sind Bank marriage loan is easy and involves only a few simple steps
- Minimum documentation: The bank asks for minimum documentation to process your loan application instantly
Punjab and Sind Bank Marriage Loan – Interest Rate
Starting from 12.80%, Punjab and Sind Bank offers attractive interest rates on a marriage loan. The interest rate that you get from the bank depends on your credit score, age, income, repayment ability, etc.
Punjab and Sind Bank Marriage Loan – Eligibility Criteria
- You should be a govt./PSU employee
- You should be a confirmed/regular/permanent employee of other institutions
- Your minimum age should be 21 years and your maximum age should be:
| For salaried class(Govt./PSU) | 60 years |
| For(Private) | 65 years |
| For Pensioners | Upto 70 years |
- Pensioners having their pension account with the bank are also eligible for the loan
- If you belong to the salaried class, you would be eligible for a loan amount of upto 18 times monthly net salary/1.5 times of net annual income or Rs.3 lakh, whichever is less
- If you are pensioner, you will be eligible for a loan amount:
| Pensioners upto the age of 65 years | Up-to 15 times monthly net pension or Rs.3 lakh, whichever is less |
| For Pensioners above the age of 65 years and upto the age of 70 years | Up-to 10 times monthly net pension or Rs.1 Lakh, whichever is less |
Documents Required
- Passport size photographs
- Identity proof: Copy of Voter ID or passport or PAN card
- Address proof: Copy of passport or utility bill, etc.
- Bank statement of last 6 months
- Salary slips of last 6 months
- Form 16/Income Tax return proof of last 2 years