Punjab & Sind Bank Personal Loan Highlights | |
Interest Rates | 10.90%-12.50% p.a. |
Loan Amount |
|
Tenure | Up to 6 years |
Processing Fee | Up to 1.00% of loan amount |
Prepayment Charges | NIL |
Note: Rates as of 31st January 2023

Apply for Personal Loan with Quick Disbursal Click Here
Punjab & Sind Bank Personal Loan Interest Rates
For Employees of Government/PSU/Approved Educational Institute and Pensioners
CIBIL Credit Vision Score | Interest Rate (p.a.) |
768-900 | 10.90% |
753-767 or (-1),3,4,5 | 11.00% |
732-752 | 11.20% |
690-731 | 11.55% |
641-689 | 12.00% |
For Employees of Private Sector Concerns/MNC
CIBIL Credit Vision Score | Interest Rate |
768-900 | 11.40% |
753-767 or (-1),3,4,5 | 11.50% |
732-752 | 11.70% |
690-731 | 12.05% |
641-689 | 12.50% |
Also Read: How you can build or rebuild your credit score with Step UP Credit Card Co-branded with SBM Bank India Ltd

Improve your credit score with lifetime free Step Up Credit Card Know More
Comparison of Personal Loan Interest Rates of Top Lenders
Banks/NBFCs | Interest Rates(p.a.) | |
HDFC Bank | 11.00% onwards | Apply Now |
SBI | 10.90%-15.40% | |
ICICI Bank | 10.75% onwards | Apply Now |
Axis Bank | 10.49% onwards | Apply Now |
Kotak Mahindra Bank | 10.99% onwards | Apply Now |
IndusInd Bank | 10.49% onwards | Apply Now |
IDFC First Bank | 10.49% onwards | Apply Now |
Bajaj Finserv | 11.00% onwards | Apply Now |
Tata Capital | 10.99% onwards | Apply Now |
Also know the best bank/NBFC for personal loan

Apply for Personal Loan with Quick Disbursal Click Here
Types of Punjab & Sind Personal Loan
For Salaried Individuals
- Purpose: Regular personal loans for meeting the personal financial requirements of government/PSU employees and confirmed employees of other institutions.
- Loan Amount: Up-to 18 times monthly net salary/1.5 times of Net Annual Income or Rs.3 lacs, whichever is less
- Tenure: Up to 5 years subject to maximum age criteria, whichever is earlier
Also know about personal loan for salaried individuals
For Pensioners
- Purpose: Pension loans for pensioners having their pension account with Punjab & Sind Bank to fulfill their personal requirements
- Loan Amount: Up to 15 times monthly net pension or Rs.3 lacs, whichever is less for pensioners up to the age of 65 years and up to 10 times monthly net pension or Rs.1 Lac, whichever is less for pensioners above the age of 65 years and up to the age of 70 years
- Tenure: Up to 5 years subject to maximum age criteria, whichever is earlier
Processing Fees and Charges
Government/Pensioner/PSU/Approved Educational Institute | 0.50% + GST |
Private Institute/MNC | 1.00% + GST |
Documentation Charges | Actual Stamp/Revenue Expenses only |
Inspection Charges | NIL |
Prepayment Charges | NIL |
Also know the processing fees for personal loan charged by top personal loan lenders

Apply for Personal Loan with Quick Disbursal Click Here
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
- The applicant should have the salary/pension account with the bank to avail a personal loan
- Age: For Salaried: 21-60 years For Pensioners: 21-70 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.

Check your Free Credit Score to get best personal loan offers Check Now
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

Apply for Personal Loan with Quick Disbursal Click Here
FAQs
Q. I do not have a pension account with Punjab & Sind Bank? Can I avail personal loan from the bank?
A. Pensioner not having their pension account with Punjab & Sind Bank cannot avail personal loan from the bank.
Also Check: Personal Loan Interest Rates Offered by Top Lenders to Pensioners
Q. Can I opt for floating or fixed rates of interest while applying for Punjab & Sind Personal Loan?
A. Punjab & Sind Bank offers personal loans at floating rate of interest only. Click here to avail personal loans at fixed interest rates.
Q. At what credit score can you avail Punjab & Sind Personal Loan?
A. The applicants with credit score above 640 can avail personal loan from Punjab & Sind Bank.
Q. Do you need any security or guarantors while applying for Punjab & Sind Bank Personal Loan?
A. The applicants need to provide third party guarantee/mutual guarantee/guarantee of spouse/major son while applying for Punjab & Sind Bank Personal Loan.
Q. Can self-employed individuals avail personal loan from Punjab & Sind Bank?
A. Punjab & Sind Bank offers personal loans to salaried individuals and pensioners only.
Q. Can I prepay the personal loan availed from Punjab & Sind Bank?
A. Yes, you can prepay the personal loan availed from Punjab & Sind Bank without paying any prepayment charges.
Q. Does Punjab and Sind Bank offer preferential interest rates to Government/PSU employees?
A. 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.