Punjab & Sind Bank Personal Loan ₹10 Lakh

Need funds to cover unexpected expenses, or are you looking to make an instant downpayment on your dream car? Explore Punjab & Sind Bank’s home loan scheme, offering Rs 10 lakh at an attractive interest rate starting at 8.55% per annum. Offering a maximum repayment of 84 months, the personal loan applicant can pay easy EMIs over a longer tenure. Continue reading to check the eligibility and documents required for a hassle-free Punjab & Sind Bank 10 lakh personal loan.

Punjab & Sind Bank 10 Lakh Personal Loan – Eligibility Criteria

Check whether you fit the eligibility criteria for Punjab & Sind Bank’s Rs 10 lakh personal loan:

• Minimum Age: 21 years
• Maximum Age: 

Salaried Class: When they retire from services

Pensioners: 70 years

• The personal loan applicant must have a salary or a pension account with Punjab & Sind Bank.

Punjab & Sind Bank 10 Lakh Personal Loan – Documents Required

Refer to the table below to check the required documents for a Punjab & Sind Bank 10 lakh personal loan:

Punjab & Sind Bank 10 Lakh Personal Loan – Interest Rate & Fees

The interest rates, along with the applicable fees & charges on the Rs 10 lakh Punjab & Sind Bank personal loan, are given in the table below:

Repayment Options for 10 Lakh Punjab & Sind Bank Personal Loan

The personal loan applicant can use the following methods to pay EMI on their 10 lakh Punjab & Sind Bank personal loan:

• Standing Instructions
• Internet Banking
• ECS (Electronic Clearing Service)
• Mobile Banking App

EMI for Rs 10 Lakh Punjab & Sind Bank Personal Loan

Refer to the table below to check the EMI on the 10 lakh personal loan at the minimum interest rate of 8.55% per annum over different tenures:

Steps To Apply For Rs 10 Lakh Punjab & Sind Bank Personal Loan

Follow the steps below to easily avail of a Rs 10 lakh Punjab & Sind Bank personal loan:

• Go to the Urban Money website. 
• Go to the “Personal Loan” section.
• Press the “Apply Now” button adjacent to the Punjab & Sind Bank logo.
• Complete the online form with your name, mobile number, and city.
• Input the 6-digit OTP sent to your mobile phone and click “Submit.”
• A loan specialist from Urban Money will reach out to you soon.

Alternative Options For Rs 10 Lakh Personal Loan

There are several alternative options to avail of a ₹10 lakh personal loan. Firstly, you can approach traditional banks, both public and private, as they offer competitive interest rates and flexible repayment tenures. Another option is to explore non-banking financial companies (NBFCs), which might have more lenient eligibility criteria and quicker processing times than banks. Additionally, digital lending platforms and fintech companies have gained popularity due to their user-friendly applications and fast disbursal processes. Peer-to-peer (P2P) lending platforms also present a viable alternative, allowing you to borrow directly from individual lenders, often with flexible terms. Lastly, you might consider taking a loan against collateral, such as a fixed deposit or a life insurance policy, to secure a lower interest rate and better loan terms.