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.
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:
|₹1 lakh - ₹10 Lakhs
|Rate of Interest
|Starting from 10.15% - 12.80% p.a.
|Up to 84 months or subject to maximum age criterion (whichever is earlier).
|Salaried individuals and pensioners
|For any genuine personal credit requirement.
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.
|10.15% - 12.80% p.a.
|₹1 lakh - ₹10 Lakhs
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:
|0.50% - 1.00% + GST
|Stamp/ Revenue expenses.
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.
|21 - 70 Years or till the date of retirement for salaried class.
|Should have a salaried or pensioners account at the bank.
|Permanent Govt., MNC, PSU, education institute employees.
Permanent employees of private institutions and Pensioners.
Not sure of your credit score? Check it now!
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:
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:
To manually calculate, you can use the formula: EMI=Pr(1+r)n(1+r)n- 1
EMI = Equated Monthly Instalment
P = Principal amount
r = Interest rate
n = Tenure
Looking for a personal loan?
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:
|10.49% p.a onwards
|State Bank of India
|11.40% - 14.55% p.a.
|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
|10.05% to 21% p.a
|9.9% p.a onwards
|10.49% p.a onwards
|14% p.a onwards
|RBL Bank Personal Loan
|14.00% p.a. onwards
|12.00% p.a onwards
|Punjab National Bank
|8.90% p.a onwards
|11% p.a onwards
Read LessNote: 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 offer personal loans with various attractive features and benefits that are tailored to your financial requirements, these are:
Get a loan amount starting
from 1 lakh to 10 lakhs.
Repay and foreclose your
loan with 0 charges.
Enjoy a collateral-free loan
with no need to pledge
required for borrowers with
Enjoy low interest rates
starting at 10.15% p.a.
Repay your loan effectively
with a tenure of up to
Follow these simple steps to get a personal loan through Buddy Loan:
Take the next step!
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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