Punjab & Sind Bank Loan Against Property

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Punjab & Sind Bank Loan Against Property Highlights
Interest rates	PSB Mortgage: 9.30% to 11.50% p.a.
	PSB Liquid Plus: 9.00% to 12.10% p.a.
	PSB Vyapar: 9.05% to 11.10% p.a.
Loan amount	PSB Mortgage: Rs 5 Lakh to Rs 10 Crore
	PSB SME Liquid Plus: Rs 10 Lakh to Rs 5 Crore
	PSB Vyapar: Rs 10 Lakh to Rs 10 Crore
Loan tenure	PSB Mortgage: Up to 10 years
	PSB SME Liquid Plus: Up to 7 years
	PSB Vyapar: Up to 10 years
Processing fee	Term loan: 1% of the loan amount, minimum Rs 2,000
	Overdraft: 0.50% of the sanctioned limit
LTV Ratio	PSB Mortgage: Up to 50% value of immovable property
	PSB SME Liquid Plus & PSB Vyapar: Up to 65% value of immovable property

Note: Interest rates as of 21 August 2025

Punjab and Sind Bank Loan Against Property Interest Rates

Punjab & Sind Bank LAP interest rates start from 9.30% p.a. The interest rates of different schemes of loan against property offered by Punjab and Sind Bank are as follows:

PSB Mortgage Interest Rates (Term Loan Facility)

CIBIL Score	Interest rate (p.a.)
791 and above	9.30%
768-900	9.40%
753-767	9.50%
732-752	9.70%
700-731	10.30%
650-699	10.85%
649 & below	11.50%

PSB Liquid Plus Scheme

Overdraft

Particulars	Rate of Interest (p.a.)
PSB Rating 1 & 2	9.00%
PSB Rating 3 & 4	9.25%
PSB Rating 5	9.35%
PSB Rating 6 & 7	12.10%

Working capital term loan (repayable up to 5 years) 

Particulars	Rate of Interest (p.a.)
PSB Rating 1 & 2	9.10%
PSB Rating 3 & 4	9.25%
PSB Rating 5	9.35%
PSB Rating 6 & 7	12.10%

Term loan (repayable up to 10 years)

Particulars	Rate of Interest (p.a.)
PSB Rating 1 & 2	9.40%
PSB Rating 3 & 4	9.50%
PSB Rating 5	9.55%
PSB Rating 6 & 7	12.10%

PSB Vyapar

Overdraft

Particulars	Rate of Interest (p.a.)
PSB Rating 1 & 2	9.45%
PSB Rating 3 & 4	9.55%
PSB Rating 5	9.65%
PSB Rating 6 & 7	11.10%

Working capital term loan (repayable up to 5 years)

Particulars	Rate of Interest (p.a.)
PSB Rating 1 & 2	9.05%
PSB Rating 3 & 4	9.25%
PSB Rating 5	9.35%
PSB Rating 6 & 7	11.10%

Term loan (repayable up to 10 years)

Particulars	Rate of Interest (p.a.)
PSB Rating 1 & 2	9.35%
PSB Rating 3 & 4	9.55%
PSB Rating 5	9.60%
PSB Rating 6 & 7	11.10%

The final loan against property interest rates offered may depend on the income profile, job profile, monthly income, etc. of the loan applicant.

Compare Interest Rates on Loan Against Property for Top Banks & HFCs

Name of the Lender	Interest Rate (% p.a.)
State Bank of India	9.20-10.50	Apply Now
Bank of Baroda	10.85-18.35	Apply Now
PNB Housing Finance	9.25-15.00	Apply Now
IDFC First Bank	9.00-16.50	Apply Now
HDFC Bank Limited	9.50-11.00	Apply Now
L&T Housing Finance	9.50 onwards	Apply Now
LIC Housing Finance	9.50-11.55	Apply Now
Godrej Housing Finance	9.75 onwards	Apply Now
ICICI Bank	10.85-12.50	Apply Now
Tata Capital	9.00 onwards	Apply Now
Axis Bank	10.50-10.95	Apply Now
Punjab National Bank	10.15-14.00	Apply Now

Punjab and Sind Bank Fees and Charges

Processing fee

Term loan	1% of the loan amount, with a minimum Rs 2,000
Overdraft	0.50% of sanctioned limit and to be collected on sanction and at the time of renewal every year.

 Pre-payment Charges

For individuals	Floating rate: NIL
For others	Up to Rs 1 crore:
	Working capital: 2% of sanction limit
	Term loan: 2% of outstanding
	Non-fund limit: 1% of sanction limit
	Above Rs 1 crore:
	Working capital: 1% of sanction limit
	Term loan: 1% of outstanding
	Non-fund limit: 1% of sanction limit

Types of Punjab and Sind Bank Loan Against Property

PSB Mortgage Loan

• Purpose: To meet finances for expenses related to marriage, education, medical, repairs, renovation, extension to the residence or commercial property, purchasing consumer durable or for meeting any unforeseen expenses. PSB Mortgage Loan is also offered for financing trade or commercial activities or other business requirements.
• Loan amount: Rs 5 Lakh to Rs 10 Crore
• Loan tenure: Up to 10 years
• Security: NSCs (Margin 25%) /Bank’s Own Deposits (Margin 10%) /LIC Policies (Margin 10%) may be taken to supplement the overall security requirements

Concession in ROI to MSMEs:

• 0.25% for cases, where external credit rating is 1 to 4 by SMERA, ICRA, ONICRA or CRISIL
• 0.25% if the account is classified under Priority Sector Advances.

PSB SME Liquid Plus

• Purpose:  To arrange finances for meeting liquidity mismatches and expenses related to activities such as marketing, branding, product development, research and development, raw materials, etc. of micro, small and medium enterprises.
• Loan amount: Rs 10 Lakh to Rs 5 Crore
• Loan tenure:
  • Term loans: Up to 7 years
  • Overdraft: Repayable on demand
• LTV Ratio: Up to 65% of the realizable value of immovable property
• Security: NSCs (Margin 25%) /Bank’s Own Deposits (Margin 10%) /LIC Policies (Margin 10%)

Concession in ROI to MSMEs:

• 1.00% for cases where realizable value of security offered as primary security to the credit facility is available to the tune of 200% or more.
• 25% for cases, where external credit rating is 1 to 4 by SMERA, ICRA, ONICRA or CRISIL
• 25% if the account is classified under Priority Sector Advances.

PSB Vyapar

• Purpose: To meet the working capital requirements of businesses. PSB Vyapar can also be used for shop construction on pre-owned land and for purchasing ready-built shops or commercial space for business.
• Loan amount: Rs 10 Lakh to Rs 10 Crore
• Loan tenure:
  • Term loan: Up to 10 years (with 12 months of moratorium period)
  • Working Capital Term Loan: Up to 5 years
  • Overdraft facility: Repayable on demand
• LTV Ratio: Up to 65% of the value of immovable property
• Security: NSCs (Margin 25%) /Bank’s Own Deposits (Margin 10%) /LIC Policies (Margin 10%)
• Guarantee: Personal guarantee of owners of property, spouse/ major son of proprietors, directors/partners

Punjab and Sind Bank Loan Against Property Eligibility Criteria

PSB Mortgage Eligibility Criteria

• Salaried individuals and MSME who are income tax assessee.
• Partnership firms, Proprietary firms, Companies (Pvt./Public Ltd.), HUFs, Trusts, Societies, NRIs (subject to compliance of guidelines of Bank & RBI).
• In case of Firms/Companies & Trusts, credit facility may be considered against the property owned by Partner/Director/Trustee
• Credit facility against agricultural property is strictly not permitted. Credit facility shall not be permitted against security of immovable property wherein Educational/ Religious Institutions are located. Vacant land may preferably be not taken as security under the scheme.
• Minimum age should be 18 years and maximum age should be 65 years, with commercial/residential property.

PSB SME Liquid Plus Eligibility Criteria

• Micro, Small & Medium Enterprises engaged in the manufacturing and services sector.
• Existing MSMEs with good track record and new MSMEs having satisfactory Due Diligence Report.
• The MSMEs may be an Individual, Partnership firm, Private/Public Limited Company, Co-operative Society.
• The borrower should maintain the Working Credit Limit accounts with Punjab & Sind Bank only and not with any other bank or financial institution.
• Credit facility against agricultural property is strictly not permitted. Credit facility shall not be permitted against security of immovable property wherein Educational/ Religious Institutions are located. Vacant land may preferably be not taken as security under the scheme.

PSB Vyapar Eligibility Criteria

• Retail traders/wholesale traders
• Contractors
• Professional and self-employed individuals
• MSME Service enterprises/ Manufacturing concerns
• Newly established entity/ventures, based on merit and individual case
• Credit facility against agricultural property is strictly not permitted. Credit facility shall not be permitted against security of immovable property wherein Educational/ Religious Institutions are located. Vacant land may preferably be not taken as security under the scheme.

In addition to the above-mentioned eligibility criteria, Punjab and Sind Bank may also consider the, credit score, assets owned, liabilities etc., of its loan against property applicants, as used by many lenders for evaluating the loan against property eligibility of their applicants.

Punjab and Sind Bank Loan Against Property Documents Required

• Age proof document
• Address and Identity proof document
• Related papers of immovable property proposed for mortgage
• Income proof
  • Salaried Class:  Original/Certified copy of the salary slips for the past 3 months, ITR/ Form No. 16 of the last 3 years (wherever applicable)
  • Business/Other individuals:  Proof of Business & address, ITRs and Audited/Certified Balance Sheets (wherever applicable) for the last 3 years of business/activity.
• Statement of personal asset and liability
• In case of other bank, bank account statement for the last 6/12 months
• Bio-data with educational qualifications, age, job experience, nature of business/profession, etc, with required proof
• Income proof of parents/spouse/earning children (whichever applicable) to determine the loan amount and repayment capacity
• Guarantor’s form with income proof or net worth proof
• Guarantor’s IT returns of last 2 years
• Undertaking from the employer for remittance of monthly installment

Additional Documents Required for PSB Vyapar

• Documents related to sales/turnover (balance sheet/ Challans etc), GST Returns if applicable
• Quotations of machinery/equipment to be purchased.
• In case of purchase of shop/commercial space- Agreement/ Property related documents.
• Projections

Along with the above-mentioned list of loan against property documents, the bank may ask for more documents at its discretion.