हिंदी में पढ़े
Disclaimer: Punjab and Sind Bank is not a Paisabazaar partner for personal loans and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Punjab and Sind Bank for personal loans. No offers/services from Punjab and Sind Bank are being provided by Paisabazaar for personal loans. For further information about Punjab and Sind Bank for personal loans, users are required to reach out directly to Punjab and Sind Bank.
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Punjab & Sind Bank Personal Loan Highlights |
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| Interest Rates | 9.85%-12.90% p.a. |
| Loan Amount |
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| 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% |
Comparison of Personal Loan Interest Rates of Top Lenders
| Banks/NBFCs | Interest Rates(p.a.) |
| Bajaj Finance | 10% - 31% p.a. |
| Axis Bank | 10.49% onwards |
| IndusInd Bank | 10.49% onwards |
| IDFC First Bank | 10.99% onwards |
| HDFC Bank | 10.85% onwards |
| ICICI Bank | 10.80% onwards |
| Kotak Mahindra Bank | 10.99% onwards |
| Tata Capital | 11.99% onwards |
| Federal Bank | 11.49% onwards |
| DMI Finance | Up to 24% |
| L&T Finance | 11.00% onwards |
| Kreditbee | 16.00% - 29.95% |
| MoneyTap | 13.00% onwards |
| Piramal Finance | 12.90% onwards |
| Aditya Birla | 10.99% onwards |
| Moneyview | 14%-36% |
| Cashe | 33.50% onwards |
Also know the best bank/NBFC for personal loan
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
Also know about personal loan for salaried individuals
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 |
Also know the processing fees for personal loan charged by top personal loan lenders.
Punjab and Sind Bank Personal Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Apply for Personal Loan with Quick Disbursal Click Here
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
FAQs
1. I do not have a pension account with Punjab & Sind Bank? Can I avail personal loan from the bank?
Ans. Pensioner not having their pension account with Punjab & Sind Bank cannot avail personal loan from the bank.
2. Can I opt for floating or fixed rates of interest while applying for Punjab & Sind Personal Loan?
Ans. Punjab & Sind Bank offers personal loans at floating rate of interest only.
3. At what credit score can you avail Punjab & Sind Personal Loan?
Ans. The applicants with credit score above 640 can avail personal loan from Punjab & Sind Bank.
4. Do you need any security or guarantors while applying for Punjab & Sind Bank Personal Loan?
Ans. The applicants need to provide third party guarantee/mutual guarantee/guarantee of spouse/major son while applying for Punjab & Sind Bank Personal Loan.
5. Can self-employed individuals avail personal loan from Punjab & Sind Bank?
Ans. Punjab & Sind Bank offers personal loans to salaried individuals and pensioners only.
6. Can I prepay the personal loan availed from Punjab & Sind Bank?
Ans. Yes, you can prepay the personal loan availed from Punjab & Sind Bank without paying any prepayment charges.
7. Does Punjab and Sind Bank offer preferential interest rates to Government/PSU employees?
Ans. The interest rates of personal loans offered to government employees by Punjab & Sind Bank is about 100 bps (i.e. 1%) lower than those offered to employees working with private sector/MNCs.