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Punjab & Sind Bank Personal Loan ₹3 Lakh
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This is the chance for you to get a simple and adaptable Punjab & Sind Bank ₹3 Lakh Personal Loan to fulfil your financial demands. Whether for a wedding, education, remodelling your house, or any other personal need, this loan covers you with low interest rates and flexible repayment options. A personal loan from Punjab & Sind Bank is a simple process that requires speedy approval and minimal documentation. Apply today and go closer to realising your ambitions.
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Table of Content
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Eligibility for 3 Lakh Punjab & Sind Bank Personal Loan
Several factors determine Rs. 3 Lakh personal loan eligibility at Punjab & Sind Bank. Here is the eligibility criteria for personal loans at Punjab & Sind Bank:
Eligibility Criteria | Details |
Minimum Age | 21 years old |
Maximum Age | 60-70 years old |
Employment Requirement | Salaried individuals must work for the government or a public sector organisation |
Pension Requirement | Pensioners must have a pension account with the bank |
Account Requirement | Applicant must have a salary or pension account with Punjab & Sind Bank |
Evaluation Factors | The bank may assess the applicant’s monthly income and credit score |
Documents Required
Below mentioned table provides detailed insights into the required Rs. 3 Lakh personal loan document at Punjab & Sind Bank:
Document Type | Required Proofs |
Identity Proof | PAN card, Aadhaar card, Voter ID, Passport |
Address Proof | Recent utility bills, Passport, Aadhaar card |
Income Proof | Last 3 months’ salary slips (for salaried individuals) |
Bank Statements | Statements from the last 6 months |
Employment Proof | Employment ID, joining letter, Form 16 |
Income Tax Returns | IT returns for the past 2 years (for self-employed individuals) |
Interest Rates and Fees
Here’s an overview of Rs. 3 Lakh loan interest rate and fees for Punjab & Sind Bank Personal Loans:
Interest Rates
CIBIL Score | Interest Rate |
768-900 | 10.55% |
753-767 | 10.65% |
732-752 | 10.85% |
690-731 | 11.20% |
641-689 | 11.65% |
Fees
Fee Type | Charges |
Processing Fee | 1.00% + GST |
Document Charges | Stamp charges |
Inspection Charges | – |
Prepayment Charges | – |
Repayment Options for Punjab & Sind Bank 3 Lakh Loan
Punjab & Sind Bank offers various repayment options for a ₹3 Lakh personal loan, allowing clients to choose a plan that fits their financial situation.
- Borrowers can repay the loan in equal monthly instalments (EMIs), including principal and interest.
- Set up standing instructions with the bank for automatic EMI deductions.
- Pay EMIs through the bank’s internet banking platform.
- Use the bank’s mobile banking app.
- Use the Electronic Clearing Service (ECS) for automatic payments.
What is the EMI for a 3 Lakh loan?
Here is a table of Punjab & Sind Bank Personal Loan EMIs with various interest rates and loan tenures ranging from one to five years:
Loan Tenure/
Interest Rates |
1 Year | 2 Years | 3 Years | 4 Years | 5 Years |
10.55% | ₹26,451 | ₹13,918 | ₹9,757 | ₹7,687 | ₹6,454 |
10.65% | ₹26,465 | ₹13,934 | ₹9,771 | ₹7,703 | ₹6,470 |
10.85% | ₹26,493 | ₹13,961 | ₹9,800 | ₹7,731 | ₹6,500 |
11.20% | ₹26,543 | ₹14,010 | ₹9,849 | ₹7,782 | ₹6,552 |
11.65% | ₹26,606 | ₹14,073 | ₹9,914 | ₹7,848 | ₹6,620 |
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 3 Lakh Loan
Applying for a ₹3 Lakh loan from Punjab & Sind Bank via Urban Money is simple. Follow these steps:
Step 1: Visit the Urban Money website.
Step 2: Head to the Personal Loan section.
Step 3: Check the available financial institutions and banks, then find Punjab & Sind Bank.
Step 4: Select the Apply Now button for Punjab & Sind Bank.
Step 5: Fill in your details, including name, mobile number, city, and type of loan.
Step 6: Click Submit after completing the form.
Step 7: Urban Money will contact you to proceed with your loan application.
Alternative Options to Consider for a 3 Lakh Loan
Here are some alternative options to consider for a Rs. 3 Lakh loan:
Financial Institution | Loan Type |
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 |
HDFC Sales | Personal Loan |
IDBI Bank | Personal Loan |
Karnataka Bank | Personal Loan |
RBL Bank | Personal Loan |
YES Bank | Personal Loan |
FAQs
Can I get a 3 Lakh Personal Loan from Punjab & Sind Bank?
What are the interest rates for a small Punjab & Sind Bank Personal Loan?
How much will my monthly payments be (estimate)?
Are there any hidden charges in Punjab & Sind Bank personal loans?
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