What is the maximum and minimum loan amount one can avail through a Punjab and Sind Bank personal loan?

The maximum amount depends on the applicant, with salaried applicants eligible for loans up to Rs.10 lakh.

Who can act as a guarantee to the loan?

A third-party, spouse, major son, or mutual guarantee can be named as the guarantee under the loan.

How is the interest rate for personal loan calculated?

The interest for personal loan is calculated based on the one-year Marginal Cost of Funds based Lending Rate (MCLR).

How can I check the status of my Punjab and Sind personal loan?

Click on the link https://www.psbindia.com/module/loans-tracking#. Enter your reference or registration ID. Select 'Retail Loan' under Loan type. Enter the captcha given. Click enter. You will be able to check the status of your personal loan.

How can I get in touch with customer care?

In case of any query related to Punjab and Sind Bank personal loan customer care , you can call on the toll-free number 1800-419-8300. A customer care representative from the bank will get in touch with you and will help in resolving your query.

Is it mandatory to submit income proofs in order to apply for PSB personal loan?

Yes, the bank will ask for income proof to gauge the repayment capacity of a borrower.

Is the processing fee a one-time payment in Punjab and Sind loan?

Yes, the processing fee equal to 1% of the loan amount is a one-time payment.

Punjab and Sind Bank Personal Loan 2025 - Up to ₹20 Lakhs & Low Interest

Punjab & Sind Bank is a major public sector bank that provides personal loans for genuine personal credit requirements. The excellent interest rates and the nominal processing fee make the personal loans affordable.

Low interest rate
Nominal processing fee
Maximum repayment period of 5 years
Multipurpose term loan facility

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Features and Benefits of Punjab and Sind Bank Personal Loan

Personal Loan for Pensioners: For pensioners who maintain a pension account with Dena Bank, the personal loan is offered at a special interest rate.
Multipurpose Personal Loan: Punjab and Sind Bank Personal Loan can be availed for any genuine personal credit need including educational expenses, wedding expenses, travel costs and to meet the expenses of emergency medical needs.
Nominal Processing Fee: Borrowers will be charged a nominal processing fee of 1% of the entire loan amount.
Affordable Rate of Interest: Punjab and Sind Bank Personal Loan comes with competitive interest rates. For pensioners, a reasonable rate of interest is offered.
High Loan Quantum: Borrowers are offered a high loan quantum of up to 18 times the net monthly salary and up to 15 times the net monthly pension for pensioners.
Flexible Repayment Options: Borrowers can choose a tenure of up to 60 months to pay back their Punjab and Sind Bank Personal Loan.

Punjab and Sind Bank Personal Loan Details

Interest Rate	Salaried Class (MNC/Private company): 12.15% p.a. - 14.00% p.a. Government/Pensioners/PSUs/Approved Educational Institutes: 11.25% p.a. - 13.05% p.a.
Loan Amount	Up to Rs.10 lakh
Processing Fee	Up to 1% of the loan amount

Documents Required for PSB Personal Loan

Most lenders in India request applicants to provide a set of documents to apply for a loan to keep a record of the person's identity and verify his/her credibility. Here are a few general documents that applicants may be requested to submit:

Identity proof such as Aadhaar or PAN
Proof of residence
Bank account statements
Salary slips
Proof of income
Statement of personal asset and liability
Application form duly completed and signed by the applicant

PSB Personal Loan Eligibility

Age	21 years to 70 years
Employment type	Government employees Permanent and regular employees of institutions Pensioners with an account with Punjab and Sind Bank

Punjab and Sind Bank Personal Loan EMI Calculation Explained

A personal loan, as mentioned earlier, can be availed to take care of any personal expenses that may arise in the near future. Let's say, Mr. Vikram decided to take a Rs. 2 lakh personal loan to pay for his son's educational expenses. The EMI he is required to pay depends on the interest rate and the repayment period chosen. Let's assume Mr. Vikram has been offered an interest rate of 9.50% and chose to repay the loan in 1 year. He will then have to pay Rs.17,537 every month for the next 12 months.

The break-up of the repayment schedule is as follows:

Year	Principal Paid(A) (in Rs.)	Interest Paid(B) (in Rs.)	Total Payment (A+B) (in Rs.)	Outstanding Loan Balance (in Rs.)
Sep	15,953	1,583	17,536	1,84,047
Oct	16,080	1,457	17,537	1,67,967
Nov	16,207	1,330	17,537	1,51,760
Dec	16,335	1,201	17,536	1,35,425
Jan	16,465	1,072	17,537	1,18,960
Feb	16,595	942	17,537	1,02,365
Mar	16,726	810	17,536	85,639
Apr	16,859	678	17,537	68,780
May	16,992	545	17,537	51,788
Jun	17,127	410	17,537	34,661
July	17,262	274	17,536	17,399
Aug	17,399	138	17,537	0

You can also calculate the EMI for the loan amount and loan tenure you're looking at using our personal loan calculator.

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Personal Loan Offered by other Banks in India

How Punjab and Sind Bank Personal Loan Compares with Other Lenders

Parameters	Punjab and Sind Bank Personal Loan	Indusind Bank Personal Loan	South Indian Bank Personal Loan	Yes Bank Personal Loan
Interest rate	9.50% p.a. onwards	11% p.a. onwards	10.25% p.a. onwards	13.99% p.a. -16.99% p.a.
Processing fee	1% of loan amount	2.5% of loan amount	2% of the loan amount	Up to 2.50%
Maximum loan quantum	Rs.10 lakh	Rs.15 lakh	Rs.10 lakh	Rs.40 lakh
Maximum repayment tenure	60 months	60 months	60 months	60 months

A good credit score can help you secure lower interest rates on loans and credit cards.

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FAQs on Punjab and Sind Bank Personal Loan

What is the maximum and minimum loan amount one can avail through a Punjab and Sind Bank personal loan?
The maximum amount depends on the applicant, with salaried applicants eligible for loans up to Rs.10 lakh.
Who can act as a guarantee to the loan?
A third-party, spouse, major son, or mutual guarantee can be named as the guarantee under the loan.
How is the interest rate for personal loan calculated?
The interest for personal loan is calculated based on the one-year Marginal Cost of Funds based Lending Rate (MCLR).
How can I check the status of my Punjab and Sind personal loan?
Click on the link https://www.psbindia.com/module/loans-tracking#. Enter your reference or registration ID. Select 'Retail Loan' under Loan type. Enter the captcha given. Click enter. You will be able to check the status of your personal loan.
How can I get in touch with customer care?
In case of any query related to Punjab and Sind Bank personal loan customer care, you can call on the toll-free number 1800-419-8300. A customer care representative from the bank will get in touch with you and will help in resolving your query.
Is it mandatory to submit income proofs in order to apply for PSB personal loan?
Yes, the bank will ask for income proof to gauge the repayment capacity of a borrower.
Is the processing fee a one-time payment in Punjab and Sind loan?
Yes, the processing fee equal to 1% of the loan amount is a one-time payment.

Important Personal Loan Pages

Personal Loan Eligibility by Banks

Personal Loan Interest Rates by Bank

Personal Loan EMI Calculator by Bank

Personal Loan Customer Care by Bank

Personal Loan Status Track by Bank

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