• PSB Personal Loan

    Punjab & Sind Bank is a major public sector bank that provides personal loans for genuine personal credit requirements. The excellent interest rates and the nominal processing fee make the personal loans affordable.

    • Low interest rate
    • Nominal processing fee
    • Maximum repayment period of 5 years
    • Multipurpose term loan facility

    Features and Benefits

    • Personal Loan for Pensioners: For pensioners who maintain a pension account with Dena Bank, the personal loan is offered at a special interest rate.
    • Multipurpose Personal Loan: Punjab and Sind Bank Personal Loan can be availed for any genuine personal credit need including educational expenses, wedding expenses, travel costs and to meet the expenses of emergency medical needs.
    • Nominal Processing Fee: Borrowers will be charged a nominal processing fee of 1% of the entire loan amount.
    • Affordable Rate of Interest: Punjab and Sind Bank Personal Loan comes with competitive interest rates. For pensioners, a reasonable rate of interest is offered.
    • High Loan Quantum: Borrowers are offered a high loan quantum of up to 18 times the net monthly salary and up to 15 times the net monthly pension for pensioners.
    • Flexible Repayment Options: Borrowers can choose a tenure of up to 60 months to pay back their Punjab and Sind Bank Personal Loan.

    Punjab and Sind Bank Personal Loan Details

    Interest Rate
    • Salaried Class (MNC/Private company): 10.60% p.a. - 11.50% p.a.
    • Government/Pensioners/PSUs/Approved Educational Institutes: 9.50% p.a. - 10.50% p.a.
    Loan Amount Up to Rs.10 lakh
    Processing Fee Up to 1% of the loan amount

    Documents Required of PSB Personal Loan

    Most lenders in India request applicants to provide a set of documents to apply for a loan to keep a record of the person’s identity and verify his/her credibility. Here are a few general documents that applicants may be requested to submit:

    • Identity proof such as Aadhaar or PAN
    • Proof of residence
    • Bank account statements
    • Salary slips
    • Proof of income
    • Statement of personal asset and liability
    • Application form duly completed and signed by the applicant


    Age 21 years to 70 years
    Employment type
    • Government employees
    • Permanent and regular employees of institutions
    • Pensioners with an account with Punjab and Sind Bank

    How the EMI calculation of Punjab and Sind Personal Loan work?

    A personal loan, as mentioned earlier, can be availed to take care of any personal expenses that may arise in the near future. Let’s say, Mr. Vikram decided to take a Rs. 2 lakh personal loan to pay for his son’s educational expenses. The EMI he is required to pay depends on the interest rate and the repayment period chosen. Let’s assume Mr. Vikram has been offered an interest rate of 9.50% and chose to repay the loan in 1 year. He will then have to pay Rs.17,537 every month for the next 12 months.

    The break-up of the repayment schedule is as follows:

    Year Principal Paid(A) (in Rs.) Interest Paid(B) (in Rs.) Total Payment (A+B) (in Rs.) Outstanding Loan Balance (in Rs.)
    Sep 15,953 1,583 17,536 1,84,047
    Oct 16,080 1,457 17,537 1,67,967
    Nov 16,207 1,330 17,537 1,51,760
    Dec 16,335 1,201 17,536 1,35,425
    Jan 16,465 1,072 17,537 1,18,960
    Feb 16,595 942 17,537 1,02,365
    Mar 16,726 810 17,536 85,639
    Apr 16,859 678 17,537 68,780
    May 16,992 545 17,537 51,788
    Jun 17,127 410 17,537 34,661
    July 17,262 274 17,536 17,399
    Aug 17,399 138 17,537 0

    You can also calculate the EMI for the loan amount and loan tenure you’re looking at using our personal loan calculator.

    Compare Punjab and Sind Bank personal loan with loans from other lenders

    Parameters Punjab and Sind Bank Personal Loan Indusind Bank Personal Loan South Indian Bank Personal Loan Yes Bank Personal Loan
    Interest rate 9.50% p.a. onwards 11% p.a. onwards 10.25% p.a. onwards 13.99% p.a. -16.99% p.a.
    Processing fee 1% of loan amount 2.5% of loan amount 2% of the loan amount Up to 2.50%
    Maximum loan quantum Rs.10 lakh Rs.15 lakh Rs.10 lakh Rs.40 lakh
    Maximum repayment tenure 60 months 60 months 60 months 60 months

    Punjab and Sind Bank Personal Loan FAQs

    1. Is it mandatory to submit income proofs in order to apply for PSB personal loan?
    2. Yes, the bank will ask for income proof to gauge the repayment capacity of a borrower.

    3. What is the maximum and minimum loan amount one can avail through a Punjab and Sind Bank personal loan?
    4. The maximum amount depends on the applicant, with salaried applicants eligible for loans up to Rs.10 lakh. The loan amount for pensioners depends on their age, with those under the age of 65 years eligible for a maximum loan of Rs.3 lakh while those over the age of 65 years eligible for Rs.1 lakh. The bank has not prescribed any minimum loan amount, and an individual can opt for a loan below the maximum specified limits.

    5. Who can act as a guarantee to the loan?
    6. A third-party, spouse, major son, or mutual guarantee can be named as the guarantee under the loan.

    7. Is the processing fee a one-time payment in Punjab and Sind loan?
    8. Yes, the processing fee equal to 1% of the loan amount is a one-time payment.

    9. How is the interest rate for personal loan calculated?
    10. The interest for personal loan is calculated based on the one-year Marginal Cost of Funds based Lending Rate (MCLR).

    11. How can I check the status of my Punjab and Sind personal loan?
    12. Click on the link https://www.psbindia.com/module/loans-tracking#. Enter your reference or registration ID. Select ‘Retail Loan’ under Loan type. Enter the captcha given. Click enter. You will be able to check the status of your personal loan.

    13. How can I get in touch with customer care?
    14. In case of any query related to Punjab and Sind Bank personal loan customer care, you can call on the toll-free number 1800-419-8300. A customer care representative from the bank will get in touch with you and will help in resolving your query.


    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 Sind Bank Personal Loan Reviews

    This Page is BLOCKED as it is using Iframes.