Punjab and Sind Bank Personal Loan

Punjab and Sind bank personal loan is a convenient financial solution that covers essential expenses like medical treatment, educational expenses, and debt consolidation. The personal loan also covers travelling expenses, home renovations and more.

PnB bank personal loan offers diverse and personalised loan amounts ranging from 1 lakh to 10 lakhs at low interest rates.

The bank also offers flexible loan repayment options of up to 84 months subject to maximum age criterion, whichever is earlier.

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Punjab and Sind Bank Personal Loan Details

Punjab and Sind bank offers convenient loan options for all your diverse personal needs. The table below provides an overview of what PnB bank personal loan offers:

Loan amount	₹1 lakh - ₹10 Lakhs
Rate of Interest	Starting from 10.15% - 12.80% p.a.
Tenure	Up to 84 months or subject to maximum age criterion (whichever is earlier).
Eligible Borrowers	Salaried individuals and pensioners
Purpose	For any genuine personal credit requirement.

Note: The above mentioned rates are subject to change with the finance market and differ marginally with the respect to the individual banks.

Punjab and Sind Bank Personal Loan Interest Rates

Punjab and Sind bank personal loan interest rates start from 10.15% and go up to 12.80% p.a. The interest rate will depend on your creditworthiness, loan amount, tenure, financial stability and income.

Interest rate	10.15% - 12.80% p.a.
Loan amount	₹1 lakh - ₹10 Lakhs

Note: The above mentioned rates are subject to change with the finance market and differ marginally with respect to the individual banks.

Punjab and Sind Bank Personal Loan Fees & Charges

Punjab and Sind bank levies specific fees and charges for the services it provides. Knowing the fees and charges will help you understand the cost associated with the loan. The table below provides an overview:

Processing fee	0.50% - 1.00% + GST
Prepayment charge	Nil
Documentation charges	Stamp/ Revenue expenses.

Punjab and Sind Bank Personal Loan Eligibility Criteria

Securing a personal loan from Punjab and Sind necessitates a thorough understanding of their eligibility requirements. These are essential requirements that help the bank evaluate your qualification for a loan.

Age	21 - 70 Years or till the date of retirement for salaried class.
Bank Account	Should have a salaried or pensioners account at the bank.
Employment type	Permanent Govt., MNC, PSU, education institute employees. Permanent employees of private institutions and Pensioners.

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Punjab and Sind Bank Personal Loan Documents

The documentation process plays an important role in ensuring a smooth and successful application. These documents serve as proof for your credibility and financial standing. Here are the documents required by Punjab and Sind bank:

Identification proof: Aadhaar card, PAN card, Driving licence, etc.
Address proof
Bank account statements
Salary slip
Proof of income
Application form.

Calculate Punjab and Sind Bank Loan EMI

Understanding your Equated Monthly Instalment (EMI) is crucial for efficient and convenient loan repayment. Knowing of your EMI before applying for a loan is essential for better financial management.

You can use two methods to calculate your EMI, you can use the EMI formula or use the online EMI calculator below:

Loan Amount :

₹

Interest Rate (p.a.):

Months to Pay:

Monthly EMI	₹86
Principal Amount	₹1,000
Total Interest	₹32
Total Amount	₹1,032.00

Principal Amount Interest Amount

Year	Month	Principal (A)	Interest (B)	EMI (A+B)	Balance	Loan Paid to Date (%)

To manually calculate, you can use the formula: EMI=Pr(1+r)n(1+r)n- 1

Here,
EMI = Equated Monthly Instalment
P = Principal amount
r = Interest rate
n = Tenure

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Compare Punjab and Sind Bank Personal Loan Vs Other Lenders

Making a comparison between banks and the rates they offer will help you get good loan terms. Here is a table of different lenders offering personal loans along with their interest rates:

Banks/NBFCs	Interest Rates(p.a.)
Axis Bank	10.49% p.a onwards
State Bank of India	11.40% - 14.55% p.a.
ICICI Bank	10.75% p.a onwards
Fullerton(SMFG India Credit )	11.99% p.a onwards
Union Bank of India Personal Loan	14.40% p.a. onwards
Bank of India	10.25% p.a. onwards
HDFC Bank	10.05% to 21% p.a
Induslnd Bank	10.49% p.a onwards
Muthoot Finance	14% p.a onwards
RBL Bank Personal Loan	14.00% p.a. onwards
L&T Finance	12.00% p.a onwards
Punjab National Bank	8.90% p.a onwards
Bajaj Finserv	11% p.a onwards

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Note: The above mentioned rates are subject to change with the finance market and differ marginally with respect to the individual banks.

Features & Benefits of Punjab and Sind Bank Loan

Punjab and Sind bank offer personal loans with various attractive features and benefits that are tailored to your financial requirements, these are:

Tailored Loan Amount

Get a loan amount starting
from 1 lakh to 10 lakhs.

No prepayment

Repay and foreclose your
loan with 0 charges.

Collateral-Free

Enjoy a collateral-free loan
with no need to pledge
any assets.

Little Documentation

Minimal documentation
required for borrowers with
existing relationships.

Low interest rate

Enjoy low interest rates
starting at 10.15% p.a.
onwards.

Flexible Repayment
Tenure

Repay your loan effectively
with a tenure of up to
84 months.

Steps to Apply For Personal Loan

Follow these simple steps to get a personal loan through Buddy Loan:

Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
Step 2: Open the personal loan application page. Provide the mobile number and enter the received OTP.
Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
Step 5: Enter your work details (Including company name, years of service and Designation)
Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Take the next step!

Frequently Asked Questions

The Punjab and Sind bank personal loan interest rates start from 10.15% to 12.80% p.a.

According to the eligibility requirements, you need to have a pension account with the bank to avail a personal loan.

Yes, self-employed individuals can avail a personal loan from Punjab and Sind bank.

Yes, you can prepay the personal loan availed from Punjab and Sind banks with no extra charges.

You can avail a personal loan from Punjab and Sind with a credit score of 650 onwards.

Yes, Punjab and Sind offer flexible EMI options with repayment tenure of up to 84 months.

PnB bank offers benefits such as competitive rates, flexible repayment, online convenience, and nationwide branch support.

Yes, Punjab and Sind offer discounts and personal loan schemes.

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