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
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Punjab and Sind Bank Marriage Loan
Punjab and Sind Bank Marriage Loan – Features
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
| For salaried class(Govt./PSU) | 60 years |
| For(Private) | 65 years |
| For Pensioners | Upto 70 years |
| 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 |
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View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
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