No Collateral Required


10.25% R.O.I


Minimal Documentation

How Personal Loan
In Punjab Works?

Punjab is one of the culturally and agriculturally rich states. People in Punjab have been involved in multiple activities in life. But when life does not go as planned it is appropriate to opt for the financial aid like Personal  Loan. A personal Loan is a type of unsecured loan offered by multiple banks and NBFCs to people facing financial difficulties in their life. It can be used for various purposes like weddings, holidays, medical emergencies, and many more personal reasons. 

The interest rate for a personal loan varies as per the eligibility criteria of a person. A person who is willing to opt for a Personal Loan in Punjab should have a CIBIL Score of more than 700. Personal Loan borrowers should have stable income proof and must have KYC Documents. 


How Personal Loan In Punjab Works?

Personal Loan Eligibility
Criteria In Punjab

The eligibility criteria for Personal Loans for people living in Punjab are mentioned below. 

1. Income Proof: The person should have a minimum salary of more than Rs. 20000 if he or she wants to take the Personal Loan. 
2. CIBIL Score: A person should have a CIBIL score of more than 700 if you want to take a personal loan.
3. Age:  21 years - 68 years
4. Employment Status: Borrowers must be employed for at least 2-5 years or you must have been running a business for 2-5 years.
5. Tenure: The time period of the loan is between 5-7 years.

Documents Required for Personal Loan Application in Punjab

1. Identity proof 
2. Address proof
3. Bank statement for the previous 3 months
4. Passbook of previous 6 months
5. Two latest salary slips/current dated salary certificates with the latest Form 16

Personal Loan Eligibility Criteria In Punjab

How to apply for
Personal Loan in Punjab?

Apply for a Personal Loan Punjab with the following steps. 

1. Visit My Mudra website at www.mymudra.com

2. Apply for a Personal Loan by filling in the required information. 

3. Our executive will call you to brief you about the process. Upload the required documents on the portal. 

4. Get instant approval for the personal loan. Track your loan application and enjoy quick disbursal of a Personal Loan. 

How to apply for Personal Loan in Punjab?

Which banks to apply for Personal Loan in Punjab

There are many Private Loan Providers in Punjab. Opt for the bank which is providing Low-Interest Personal Loan. Mentioned below is the list of top banks and NBFCs that are providing instant Personal Loans in Punjab


Rate of Interest

HDFC Bank 


IndusInd bank 


Standard Chartered 


Axis Bank 


Kotak Mahindra 



Personal Loan EMI Calculator

Loan Amount



Interest Rate


Your Monthly loan emi Rs.23,537

Monthly amount paid to your loan provider

Interest rate

Total Payble Amount


your loan details as specified by you

Loan Amount
Interest Rate