Punjab and Sind Bank Two-Wheeler Loan

How to Apply for a Punjab & Sind Bank Bike Loan

To avail a two-wheeler loan from Punjab & Sind Bank, you will need to visit the nearest bank branch. You will need to submit the application form and the relevant documents to apply for the loan. Depending on your credit score, the interest rates will vary. Lower interest rates are provided if your credit score is high.

Punjab & Sind Bank Two-Wheeler Loan Eligibility

The eligibility criteria that must be met in order to avail a loan from Punjab & Sind Bank given below:

1. Individuals, non-corporate concerns, and corporate concerns can avail the loan.
2. Individuals must be at least 18 years of age to avail a bike loan.
3. The maximum age for non-pensioners is 60 years.
4. The maximum age for pensioners and other individuals is 70 years.
5. Individuals above the age of 70 years can avail the loan with a co-borrower.

Documents Required

For Self-Employed Individuals

1. Application form
2. Proof of residence (owned)
3. Repayment track record
4. Bank statement
5. Income Tax Returns (ITR)
6. Proof of identity
7. Proof of address
8. Passport-size photographs
9. Quotation provided by a recognised dealer

For Salaried Employees

1. Application form
2. Bank statement
3. Proof of income such as salary slips (three months), Form 16, or ITR
4. Proof of address
5. Proof of identity
6. Passport-size photographs

Interest Rates

Depending on your credit score, the interest rates will vary and are mentioned below:

Punjab & Sind Bank Two-Wheeler Loan EMI Calculator

In case you wish to buy a bike by availing a loan, BankBazaar.com's two-wheeler loan EMI can be used to find out the monthly payments Details like the processing fee, tenure, loan amount, and interest rate must be entered to get the Equated Monthly Instalments (EMIs) immediately. Exact results are given for the details that are entered.

Features and Benefits

The main benefits and features offered by Punjab & Sind Bank on its bike loans are given below:

1. Attractive interest rates are offered.
2. Repayment tenure of up to 36 months.
3. Individuals between the ages of 18 years and 70 years can avail the loan.
4. Only stamp charges are levied.
5. Individuals do not have to pay any foreclosure charges.
6. No processing fee is levied during the festive season.
7. 85% of the on-road price of the bike may be provided as a loan for new borrowers.
8. 100% of the on-road price of the bike will be provided as a loan for existing borrowers.

A good credit score can help you secure lower interest rates on loans and credit cards.

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