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Punjab and Sind Bank Personal Loan

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Punjab & Sind Bank Personal Loan Highlights

Interest Rates 9.85%-12.90% p.a.
Loan Amount -For Salaried: Up to Rs 20 lakh
-For Pensioners: Up to Rs 6 lakh
Tenure Up to 7 years
Processing Fee 0.50%-1%
Prepayment Charges NIL

Note: Rates as of 17 June 2025

Punjab & Sind Bank Personal Loan Interest Rates

For Employees of Government/State Government/PSU/Pensioners

CIBIL Credit Vision Score Interest Rates (p.a.)
825 and above 10.35%
768-824 10.85%
753-767 11.15%
732-752 11.25%
700-731 11.60%
650-699 12.30%
649 and below 12.30%

Employees of Private/MNC/Approved Institute, if their Salary Account is maintained with Punjab & Sind Bank

CIBIL Credit Vision Score Interest Rates (p.a.)
825 and above 11.25%
768-824 11.45%
753-767 11.60%
732-752 11.80%
700-731 12.60%
650-699 12.90%

PSB Veer Samarth

CIBIL Credit Vision Score Interest Rates (p.a.)
825 and above 9.85%
768-824 10.20%
753-767 10.55%
732-752 10.75%
700-731 11.10%
Pre-approved Personal Loan (PAPL) 11.10%

Types of Punjab & Sind Personal Loan

PSB Personal Loan

Purpose:

PSB Personal Loan is a regular personal loan scheme for meeting the personal financial requirements of government/PSU employees/employees working in MNC/Public Ltd. Companies and confirmed employees of approved educational institutions.

Loan Amount:

  • For permanent government employees/PSU employees/employees of MNC/ employees of an approved education institute: Up to 24 times monthly net salary or Rs 20 lakh, whichever is less.
  • For permanent employees of other private institutions: Up to 18 times monthly net salary or Rs 5 lakh, whichever is less.
  • For pensioners till the age of 65 years: Up to 20 times monthly net pension or Rs 6 lakh, whichever is less.
  • For pensioners aged between 65 years and 70 years: Up to 10 times monthly net pension or Rs 3 lakh, whichever is less.

Tenure:

Up to 7 years, subject to maximum age criteria, whichever is earlier

PSB Veer Samarth

Purpose:

PSB Veer Samarth Personal Loan is offered to individuals maintaining a Gaurav Bachat Salary account and pensioners maintaining pension accounts with Punjab & Sind Bank for meeting personal requirements like travel expenses, medical or marriage expenses.

Loan Amount:

  • For salaried applicants: Up to 24 times monthly net salary or Rs 20 lakh, whichever is less.
  • For loan amount above Rs 10 lakh is offered to those applicants having CIC score 725 or above.
  • For pensioners till the age of 65 years: Up to 20 times monthly net pension or Rs 6 lakh, whichever is less.
  • For pensioners aged between 65 years and 70 years: Up to 10 times monthly net pension or Rs 3 lakh, whichever is less.

Fees & Charges of PSB Personal Loan

Processing Fees

Particulars Processing Fees
Government/Pensioner/PSU/Approved Educational Institute 0.50% + GST
Private Institute/MNC 1.00% + GST
PSB Veer Samarth 0.50% + GST

Other Charges 

Particulars Charges
Documentation Charges Actual Stamp/Revenue Expenses only (Waived for PSB Veer Samarth scheme)
Inspection Charges NIL
Prepayment Charges NIL

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Eligibility Criteria for Punjab & Sind Bank Personal Loan

For PSB Personal Loan

  • Salaried applicants, pensioners, permanent government employees (Central/State government), employees of MNC/Public Limited Companies, PSU employees, permanent employees of an approved educational institute.
  • Age Criteria:
    • Minimum age: 21 years
    • Maximum age: For Salaried: date of retirement from services; For pensioners: 70 years

For PSB Veer Samarth

  • Applicants maintaining their Gaurav Bachat Salary and pension accounts have respective salary and pension credits with Punjab & Sind Bank.
  • Age Criteria:
    • Minimum age: 21 years
    • Maximum age: For pensioners: 70 years

Punjab & Sind may also consider the monthly income and credit score of its personal loan applicants just like other lenders do while setting their personal loan eligibility.

Documents Required for Personal Loan Application

  • Completely filled and signed application form with 2 passport sized photographs
  • ID Proof
  • Address and Age Proof
  • Income Proof:

For Salaried:

  • ITR Form 16 for past 3 years
  • Original/certified copy of latest salary slips for last 3 months
  • Statement of personal asset and liability
  • In case of other bank, bank account statement for past 6/12 months
  • Statement of loan account for past 6 months
  • Bio-data of the applicant with age, educational qualifications, job experience, nature of business/profession with vital proofs
  • Income proof of parents/spouse/earning children to determine the loan amount/repaying capacity of the loan applicant
  • ITR of guarantor for last 2 years
  • Guarantor’s form along with income proof/net worth proof
  • An undertaking letter by the employer for remittance of EMI

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Punjab And Sind Bank Lenders

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FAQs

Pensioner not having their pension account with Punjab & Sind Bank cannot avail personal loan from the bank.

Punjab & Sind Bank offers personal loans at floating rate of interest only.

The applicants with credit score above 640 can avail personal loan from Punjab & Sind Bank.

The applicants need to provide third party guarantee/mutual guarantee/guarantee of spouse/major son while applying for Punjab & Sind Bank Personal Loan.

Punjab & Sind Bank offers personal loans to salaried individuals and pensioners only.

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What our customers say

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I highly recommend Paisabazaar app to everyone looking out for personal loans. The customer support is so supportive and follows up with you throughout the loan process.

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Shweta SinghNov 13, 2025

Highly recommended platform

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Instant loan disbursal

I applied for a personal loan through Paisabazaar and got my loan disbursed in no less than 24 hours. The team was extremely cooperative, guided me through the entire process and followed up with me until I had my loan amount in my account. I highly recommend this platform to everyone looking for an urgent loan.

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Pre-approved offers

I logged in to Paisabazaar app and saw pre-approved offers as per my credit profile from different lenders. I could avail the offer easily and got quick disbursal in as less as 24 hours without any hassle.

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Got personal loan in a few minutes

I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

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Cibil kam tha fir bhi loan dila diya

Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

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Personal loan quick approved

My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

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Vivaan ShahSep 24, 2025
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