Punjab and Sind Bank Personal Loan

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About Punjab and Sind Bank Personal Loan

Punjab and Sind Bank Personal Loan

Punjab and Sind Bank Personal Loan of India is a significant public sector bank in India. The bank provides so many financial products to the customers. It includes a car loan, Personal Loan,  Gold Loan, Banking, internet banking, wealth management, and credit cards. The bank is well known for its financial services and products.

What is a Personal Loan?

A Personal loan always helps the customer in their own needs. It allows people to fulfil their financial needs, whether it is related to your wedding or education. It can be related to business purposes or educational activities. It is an unsecured loan that is provided by the banks and non-banking financial organization to fulfil the needs. The loan will be provided to the applicant based on income, credit score, and history of employment history, repayment capacity. The best thing about the Personal Loan is that you don’t have to keep anything for security as an asset and the customer can use this amount anywhere as he/she wants to do.

Why Choose Punjab and Sind Bank Personal Loan?

Punjab and Sind Bank is a reputed bank, and it fulfils economic issue by providing the required amount of loan. It is also another leading bank and gives a personal loan to customers. From the help of this bank many problems of the customer like health problems might get changed as sometimes we not have enough money at the time of need to pay those hospital bills and other problems like marriage or unexpected expenses.
  1. Easily Available to the applicant: Punjab and Sind Bank Personal Loan is available easily to the customers as all the banks provide the facility of Personal Loan.
  2. Minimum Documents:  Documentation is easy for Punjab and Sind Bank Personal Loan, and nothing is required for the security purpose.
  3. Fast Approval: After you fill the form, you will get a call from our Relationship manager within 24 to 48 hours.

Know more about: How does the Cibil Score affect your loan application? 

Punjab and Sind Bank Personal Loan Features

  1. Flexible Usability: In Punjab and Sind Bank Personal Loan, you are free to spend it on any purpose of your life. You are flexible to invest it as per your need.
  2. No collateral: As compare to other banks, the documentation process is simple, and there is no need for any assets.
  3. Flexible Amount of loan: It depends on the credit history and the CIBIL score of the applicant. You will get the Amount of loan from your previous record.
  4. Flexible Terms: You have a period of 12 months (1 year) to 36 months (3 years) to repay th loan amount to the bank.
  5. Loan Disbursal: If your documents are eligible for the personal loan, you can get the Amount in your account within few hours.
  6. No Third party involvement: There is no need for the guarantor for the loan. It lies between you and your bank.
  7. Hassle free: It is now easy to get the services of the loan — it available in the Form criteria to solve your problem.

Punjab and Sind Bank Personal Loan Rate of Interest

Starting Punjab and Sind Bank Personal Loan Interest Rate – 10.75%. However,it depends on the salary.
Click the link to check further www.dialabank.com.

Punjab and Sind Bank Personal Loan Eligibility

There are some rules for the applicant who wants to apply for Punjab and Sind Bank Personal Loan. The eligibilty criteria are as follows:

For Salaried Applicant

  1. The age required for the salaried applicant should be minimum 21 years to maximum 60 years.
  2. The income of the salaried person should be at least Rs.18,000 per month. It is must to have a salary account as loan will be not provided to the person who gets his salary on hand.
  3. CIBIL score should be more than 700.
  4. ID proof required for the salaried applicant is Aadhar card/ Pan card,/ Voter card.
  5. Address proof required for the salaried applicant is Adhaar Card/Pan Card/Voter Id /Passport/Driver License/Electricity Bill.
  6. The minimum employment tenure of the applicant should be at least 12 years in a specific company.
  7. The salaried applicant can get a loan minimum of 1.5 lakh to a maximum of 20 lakhs depending on the income.

For Self Employed Applicant

  1. The age required for the Self-Employed applicant should be minimum 25 years to maximum 65 years.
  2.  ITR is a must process. It should be at least 2.5 from past three years.
  3. CIBIL score should be more than 700.
  4. Id proof required for the Self-Employed applicant is Aadhar card/Pan card,/Voter card.
  5. Address proof required for the Self-Employed applicant is Adhaar Card/Pan Card/Voter Id /Passport/Driver License/Electricity Bill.
  6. The minimum employment tenure of the applicant should be at least  60 years.
  7. The self employee can get a loan of a minimum of 1.5 lakh to maximum 50laks depending on the CIBIL score of the applicant.

Punjab and Sind Bank Personal Loan Documentation

One Identity Proof

There are more than one documents that you can present as proof of your identity. It can be one of the given.
  1. Aadhar Card
  2. PAN Card
  3. Driving License
  4. Voter ID Card

One Residence Proof

  1. Aadhar Card
  2. PAN Card
  3. Driving License
  4. Voter ID Card
  5. Ration Card
  6. Electricity and water Bills for the last six months.

Income Proof

  1.  The Salary slip of previous three months and bank statement of last six months. In the case of self-employed applicant ITR of the previous three years is required.
  2. Two Passport sized coloured photographs without spes.

What if you don’t return your Personal Loan?

If you will be unable to repay the personal loan your credit history get spoiled, your CIBIL score gets affected negatively, and you will not be able to get any loan in future.

Why apply for Punjab and Sind Bank Personal Loan in Dialabank?

  1. We are first financial helpline of India having experience of many years.
  2. You will get a query response quick.
  3. There are no charges for the customer queries.
  4. For further queries, you may call us on 9878981166.

How to Apply for Punjab and Sind Bank Personal Loan?

  1. Visit our website in www.dialabank.com
  2. Fill the online application form. The contact number is mandatory.
  3. Submit all the documents.
  4. Check your Eligibility: There is an EMI calculator on our site so that customers get to know about their EMI.
  5. After your documents are proper, your loan will get sanctioned quickly.
  6. You will get a pickup facility of your documents from your place.
  7. Responsive: The customer will get the call within 24 hours. You have to fill the above form, and our Relationship manager will solve your query within 24 hours.

FAQs About Punjab and Sind Bank Personal Loan

Q. What is Punjab and Sind Bank Personal Loan?

Punjab and Sind Bank Personal Loan is an unsecured loan that can be used to meet your daily financial needs. You can use a Personal Loan to finance all your personal expenses. You will be required to sign an undertaking that you will not use the fund disbursed under the Personal Loan scheme for any speculative purpose.

Q. How does Punjab and Sind Bank Personal Loan work?

Personal Loans work like any other loaning product, you are required to submit your documents along with an application form. Once your application has been verified the loan amount is transferred to your bank account and can be used for any personal need.

Q. What is Personal Loan rate of interest in Punjab and Sind Bank?

Personal Loan rate of interest in Punjab and Sind Bank starts at 14% per annum. Being an unsecured loan the rates of interest are usually high in Personal Loan.

Q. How can I get Punjab and Sind Bank Personal Loan?

You can get a Punjab and Sind Bank Personal Loan by visiting your branch with your documents and contacting your banker regarding Personal Loans. You may also visit Dialabank’s digital platform to compare rates and offers of different banks and financial companies and apply with us to avail of personalized assistance.

Q. How to apply for Personal Loan in Punjab and Sind Bank?

You can apply for a Personal Loan from Punjab and Sind Bank by visiting your branch with some basic KYC documents and Income proofs. The banker will verify your documents and when approved, the loan amount will be transferred to your bank account.

Q. Why apply for Punjab and Sind Bank Personal Loan?

A Personal Loan does not require you to submit any security with the bank. The loan amount can be used to finance any personal need and expense. The documentation and loan process is hassle-free and Punjab and Sind Bank provide competitive rates with tenure of up to 60 months for easy repayment.

Q. How much EMI on Punjab and Sind Bank Personal Loan?

EMI (Equated Monthly Installment) is the amount payable to the bank every month as repayment of your Personal Loan. The EMI on Punjab and Sind Bank’s Personal Loan depends on the loan amount, interest rate, and the tenure of the loan. It can be easily calculated using the EMI calculator on Dialabank’s website.

Q. How much CIBIL score required for Punjab and Sind Bank Personal Loan?

The bank needs you to have a CIBIL score equal to or above 700 to consider your application for Personal Loan. A score above 750 is most desirable as it indicates you have always been regular and sincere with your credit repayments.

Q. Minimum credit score needed for Punjab and Sind Bank Personal Loan?

Your Credit Score helps the bank to estimate how creditworthy you are. Punjab and Sind Bank needs you to have a minimum credit score of 700 for their Personal Loan products.

Q. How to calculate Punjab and Sind Bank Personal Loan EMI?

You may use Dialabank’s EMI calculator to calculate your EMIs. You will need just your loan amount, interest rate, and tenure.

Q. What can I use Punjab and Sind Bank Personal Loan for?

Finance a wedding, an event, a vacation or pay for your daily expenses, medical bills, and etc. A Punjab and Sind Bank’s Personal Loan can be used to finance all your financial needs.

Q. Can I prepay Punjab and Sind Bank Personal Loan?

Prepay your Punjab and Sind Bank Personal Loan by visiting the branch and applying for a foreclosure. A foreclosure fee may be charged and your personal loan will be closed once all the payments are cleared.

Q. How to prepay Punjab and Sind Bank Personal Loan?

Prepayment of your Personal Loan with Punjab and Sind Bank can be done by walking into your loan branch with all the loan-related documents. Once payments are made and verified, your loan will be closed.

Q. How to repay Punjab and Sind Bank Personal Loan?

Punjab and Sind Bank’s Personal Loan can be easily repaid in EMIs that comprise of your principal loan amount and interest.

Q. What documents are needed for Punjab and Sind Bank Personal Loan?

Aadhar Card, PAN Card, and your Income proof(Bank Statement, Salary Slips, ITR files) are the only documents that you will need to apply for a Personal Loan from Punjab and Sind Bank.

Q. How to check Punjab and Sind Bank Personal Loan status?

You can either visit your loan branch in person or contact the customer care number to know the status of your Punjab and Sind Bank’s Personal Loan.

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