PURPOSE

For any genuine personal credit requirement like, medical expenses, marriage expenses, purchase of consumer durables, domestic consumption, travel expenses, expenses on other social ceremonies, etc.

ELIGIBILITY

maintaining their Gaurav Bachat Salary and Pension Accounts having respective salary and pension credits with Punjab & Sind Bank.

AGE

1. Age limit of the borrower to be as under-:

Minimum Entry Age:21 years

Maximum age for repayment (exit age):

     (ii)  Pensioners          :  70 years

QUANTUM OF FINANCE

1. Salaried Class:

Up to 24 times monthly net salary or, Rs. 20.00 lakh, whichever is less.

Loan amount above Rs. 10.00 lakh shall be sanctioned to borrowers having CIC Score equal or above 725.

2. Pensioners up to the age of 65 years: Up to 20 times monthly net pension Or, Rs. 6.00 lakh, whichever is less 

3. Pensioners above the age of 65 years and up to age of 70 years: Up to 10 times monthly net pension Or, Rs. 3.00 lakh, whichever is less

ROI

REPAYMENT

Maximum repayment period would be 84 months

PROCESSING CHARGES

Charges 0.50% +GST

LUMPSUM CHARGES

DOCUMENTATION /INSPECTION – WAIVED

PREPAYMENT CHARGES

NIL

DUE DILIGENCE

WAIVED

GAURANTEE

Guarantee of either Spouse or Major Children or Third Party

CREDIT PROTECT INSURANCE ALSO AVAILABLE