Punjab & Sind Bank Loans

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Punjab & Sind Bank loans are open to all customers of the bank. Loan applications are accepted at all Punjab & Sind Bank branches throughout India. Competitive interest rates ensure a pleasant customer experience.

Type of Loans granted

Punjab & Sind Bank loans are of the following categories:

Personal Loan: Punjab & Sind Bank personal loans may be taken for a variety of purposes that include medical expenses, marriage, Social ceremonies, and travel. Both salaried and professional persons are eligible for personal loans. Pensioners may also take Personal loans. Maximum loan amount is ` 3 lakhs.

Educational Loan: Punjab & Sind Bank educational loans are given for financing studies both in India and abroad. Loans can be taken for college fees, accommodation expenses, purchase of educational materials and travel.

Priority Sector Schemes: This type of loans includes monetary grants for Small and Medium Enterprises and agricultural loans.

Conveyance Loans: Punjab & Sind Bank car loans are granted for purchasing new and pre-owned vehicles. Maximum loan amount for new vehicles is ` 10 lakh. For old vehicles, the maximum loan amount is ` 5 lakh. A margin of at least 10% of the total purchase price is required by the bank. Professionals as well as salaried persons are eligible for the loan.

Debt Restructuring: This loan is aimed towards Small and Medium Enterprises (SMEs). Repayment period is a maximum of 10 years. Standard loan amount does not exceed 10 crore.

Housing: Punjab & Sind Bank home loans can be used to purchase land and flat for residential purposes. Loans are also given for repair and renovation work.