Punjab and Sind Bank Personal Loan Details
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The establishment of Punjab and Sind Bank took place in order to uplift the financially deprived section of the society. It was aimed at raising the living standards of the weaker section of the society. Punjab and Sind Bank offers personal loan to people who are genuinely in need of money. The repayment period of such a loan is 5 years. Third party guarantee is must to avail the loan. The bank can finance up to a maximum of Rs. 3 lakh under this category.
|Punjab and Sind Bank Personal Loan Details Updated on 23rd July 2019
||Rs.100,000 to Rs.3,00,000
||11.00% to 32.00%
Why Choose Punjab and Sind Bank Personal Loan?
The advantage of this loan is its same interest throughout the duration.
Simple documentation is needed and the personal loan in Punjab and Sind Bank then gets processed faster.
The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.
- Personal Loan EMI calculator at loanbaba.com.
You can check out Punjab and Sind Bank personal loan eligibility and Punjab and Sind Bank
Features of Personal Loans at Punjab and Sind Bank
Loanbaba.com provides all the information about Punjab and Sind Personal Loan.
Quick processing, online application allowed, and complete transparency.
Maximum funding amount can be disbursed based on applicant’s profile.
No hidden charges or vague terms and conditions.
Complete customer support provided. Competitive interest rate charged for the loan.
Why Apply for Punjab and Sind Bank Personal Loan?
Loanbaba provides comprehensive information about personal loan schemes by Punjab and Sind Bank. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for this loan online on the bank's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.
Punjab and Sind Bank Personal Loan Interest Rates
Personal Loan Punjab and Sind Bank interest rate ranges between 13.50 and 14.00% annually. Keep a check on this page to note the updated interest rate for Punjab and Sind Bank personal loan.
Punjab and Sind Bank Personal Loan Eligibility
Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost Punjab and Sind Bank personal loan eligibility calculator at Loanbaba.com. The eligibility criteria for Punjab and Sind Bank’s personal loan are discussed below:
For salaried applicants:
Profile: The applicant must be employed in a government or a PSU (Public Sector Undertaking). In case of other institutions, applicant must be a regular, permanent or confirmed employee.
Age: The applicant should be of 21 years of age at least. In case of government sector and PSU employees, maximum age limit is 60 years; however the upper age limit is 65 years in case of private sector employees.
Age: The applicant’s age must not be beyond the age of 70 years.
Profile: The applicant needs to be drawing pension from Punjab and Sind Bank to avail the benefit of personal loan from the bank.
Types of Punjab and Sind Bank Personal Loans
Punjab and Sind Bank has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.
Punjab and Sind Bank Personal Loan FAQs
Below provided are important questions about personal loan Punjab and Sind Bank.
- How to increase eligibility for Punjab and Sind Bank personal loan?
You should maintain a good credit history by keeping all EMIs in time. This will improve your CIBIL score.
If you have existing loans then you should clear them up if possible as it increases your disposable income and you are sanctioned with a higher amount of loan.
You should show your assets to the branch too in order to make them sure you don’t have a credit portfolio only.
- What are the two things to avoid for personal loan fast approval?
Do not apply for loans everywhere as the first step the bankers do is checking your credit history and even their checking is recorded in the database which creates suspicion in the eyes of the banker that some other bank must have rejected the loan application.
Do not own plenty of credit cards. Even if you don’t use all of them, your credit limit will be lowered.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Punjab and Sind Bank.
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