Punjab & Sind Bank Personal Loan ₹2 Lakh

Exciting news! With the Punjab & Sind Bank Personal Loan of Rs. 2 Lakh, you're just a few steps away from making your short-term goals come true! Whether you have a large ambition or a tiny aspiration, this loan will meet all of your specific demands. Experience lightning-fast approval and flexible payback options. Take the first step towards achieving your goals with financial assistance from Punjab & Sind Bank. Apply today and see your dreams come true!

Eligibility for 2 Lakh  Punjab & Sind Bank Personal Loan

Several factors determine Rs. 2 Lakh personal loan eligibility at Punjab & Sind Bank. These factors may include income, employment, credit history, and age. Here is the eligibility criteria for personal loans at Punjab & Sind Bank:

Documents Required

Here are detailed insights into the required Rs. 2 Lakh personal loan document at Punjab & Sind Bank:

• Proof of identity includes PAN card, Aadhaar card, Voter ID, and Passport.
• Proof of address can be shown with recent utility bills, a Passport, or an Aadhaar card.
• Proof of income requires the last 3 months’ salary slips for salaried individuals.
• Bank statements for the last 6 months are needed.
• Proof of employment includes Employment ID, joining letter, and Form 16.
• Income Tax Returns for the last 2 years are required for self-employed individuals.

Interest Rates and Fees

Here’s an overview of Rs. 2 Lakh loan interest rate and fees for Punjab & Sind Bank Personal Loans:

Interest Rates by CIBIL Score

• For a CIBIL score of 768-900, the interest rate is 10.55%.
• For a CIBIL score of 753-767, the interest rate is 10.65%.
• For a CIBIL score of 732-752, the interest rate is 10.85%.
• For a CIBIL score of 690-731, the interest rate is 11.20%.
• For a CIBIL score of 641-689, the interest rate is 11.65%.

Fees

• The processing fee is 1.00% plus GST.
• Document charges include stamp charges.
• There are no inspection charges.
• There are no prepayment charges.

Repayment Options for Punjab & Sind Bank 2 Lakh  Loan

Punjab & Sind Bank offers multiple repayment alternatives for a ₹2 lakh personal loan, allowing clients to choose a plan that meets their financial circumstances. Borrowers can repay the loan in equal monthly instalments (EMIs), including principal and interest. They can choose weekly, monthly, or annual repayment options.

There are several techniques for repaying the loan. Borrowers can set up standing instructions with their bank for automatic EMI deductions. They can also pay their EMIs through the bank’s internet banking platform or mobile banking app. Another alternative is to use the Electronic Clearing Service (ECS) for automatic payments. These solutions provide flexibility and ease in handling loan repayments.

What is the EMI for a 2 Lakh loan?

To calculate the Equated Monthly Installment (EMI) for a ₹2 Lakh loan, including the interest rate and loan tenure. Here is a table of Punjab & Sind Bank Personal Loan EMIs with various interest rates and loan tenures ranging from one to five years:

Note: You can also use the online calculator to calculate the monthly EMI with desired loan tenure and interest rate.

Applying for the Punjab & Sind Bank 2 Lakh  Loan

You can easily apply for a ₹2 lakh loan from Punjab & Sind Bank through Urban Money. Here is the step-by-step process for the same:

Step 1: Go to the Urban Money official website.

Step 2: Navigate to the Personal Loan section and select it.

Step 3: Browse through the list of financial institutions and banks offering personal loans and find Punjab & Sind Bank.

Step 4: Click on the Apply Now button under the Punjab & Sind Bank option.

Step 5: Enter the required details, such as your name, mobile number, city, and loan type.

Step 6: After filling in the information, click Submit.

Step 7: Wait for Urban Money to get in touch with you regarding your loan application.

Alternative Options to Consider for a 2 Lakh  Loan

Here are some alternative options to consider for a Rs. 2 Lakh loan:

• AU Small Finance Bank Personal Loan
• Bajaj Finserv Personal Loan
• Canara Bank Personal Loan
• CITI Bank Personal Loan
• Deutsche Bank Personal Loan
• HDFC Bank Personal Loan
• IDBI Bank Personal Loan
• Karnataka Bank Personal Loan
• HDFC Sales Personal Loan
• RBL Bank Personal Loan
• YES Bank Personal Loan