• Custom Free

    Check eligibility

  • Punjab and Maharashtra Co-Operative Bank Personal Loan

    Loading your search...
  • Punjab and Maharashtra Co-Operative Bank offers personal loans that you can borrow to pay for medical expenses, travel expenses, consolidation of existing debts, etc.

    • Affordable rate of interest
    • Loan tenure of up to 60 months can be chosen
    • Up to Rs.5 lakh can be borrowed as loan
    • Easy repayments

    Purpose of the loan

    This is a general, multipurpose loan which can be used for any genuine personal requirement. Some of its uses are mentioned below.

    • It can be used to pay for wedding expenses
    • Can be used to pay off medical bills
    • Renovating/remodelling the home
    • Vacation
    • Purchasing household utilities, etc.


    This loan can be availed by existing customers of the bank, subject to them meeting certain basic criteria revolving around age and income. A borrower should have a sufficient source of income to repay the loan and should have a steady job/business.

    What are the terms associated with this loan?

    A borrower is expected to provide a guarantor/security before availing a loan in most cases.

    Repayment period

    The loan can be repaid through equated monthly instalments (EMIs) spread over a period of 5 years. Individuals can opt to repay the amount before 5 years also and have the option to repay it in 3 or 4 years as well.

    How can one apply for Punjab and Maharashtra Co-operative Bank Limited Personal Loan?

    Individuals who wish to apply for this loan can do so online, through the official website of the bank by providing their basic information like name, date of birth, bank account number, etc. They can also choose to visit the branch personally and fill up the application form.


    Mr. Krishna decides to avail a personal loan of Rs 1 lakh from Punjab and Maharashtra Co-operative Bank to clear his medical bills. He avails a loan at an interest rate of 13% per annum with a repayment tenure of 4 years. The amount he will have to pay to clear the loan is mentioned below.

    EMI – RS 2,683

    Total interest to be paid – RS 28,772

    Total payment to clear the loan – Rs 1,28,772

    About the Bank

    Punjab and Maharashtra Co-operative Bank has been serving its customers diligently ever since its inception in 1984, growing from humble beginnings to offer multiple products across the country. Among its popular offerings are its personal loans, designed to cater to any financial emergency an individual could have, ensuring lack of money doesn’t hamper the quality of life one wishes to lead.


    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Punjab and Maharashtra Co-Operative Bank Personal Loan Reviews

    • review
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan during the last year, Punjab and Maharashtra bank offered me an interest rate of 13.95% and zero processing fee. I had taken the loan amount of Rs. 3 Lakhs for the tenure of 5 Years. I used to receive the loan statement every months through mails and hot copy it is very easy to track my loan transactions too.
      Was this review helpful? 4
      , mumbai
      Reviewed on Feb 28, 2017
    • review
      "First Loan Experience"
      0.5 4.0/5 "Great!"
      I availed a Personal Loan from Punjab and Maharashtra Bank in 2014. Basis on existing relationship I got the loan at 14% interest rate. But the process of verification that is followed is not acceptable. The verification team visits even the guarantorâ??s house without prior informations.
      Was this review helpful? 5
      , mumbai
      Reviewed on Sep 11, 2015
    Common Loader Icon
    This Page is BLOCKED as it is using Iframes.