PSB Consumer Loan Scheme
The scheme facilitates for purchase of consumer durables other than vehicles.
1.Eligibility
Employees of Central / State Govt., PSUs ,Local Registered Bodies, universities recognized by U.G.C. ,Schools/ colleges run by Govt. or local bodies with confirmed service of 3 years . Professionals /Self Employed , Employees of Bank's corporate clients and General public.

http://www.psbindia.com/domapplhp.php

2.Age limit 21 to 65 years
3. Quantum of loan
Category
(i)Employees of Central/ State Govt. PSUs , organisations , employees of established & recognized schools/ colleges / local registered bodies and corporate clients of Bank where loan instalment is paid by salary deduction or undertaking from employer for remitting the terminal benefits is available

Quantum of Loan
Upto the gross annual income . Maxm Rs.5.0 lac( Income of spouse can be clubbed )
(ii) Professionals/ Self employed, CAs , doctors, Architects & General Public Twice the average of annual income of past three years as per return filed or Rs.6.0 lac whichever is less. ( (Income of spouse can be clubbed )
4.Margins 10 %
5.Rate of interest
BPLR + 0.5%
6.Processing fee
Rs.100/-
7.Security
No collaterals , only hypothecation of assets created .
8.Guarantee Third party / mutual guarantee / guarantee of spouse except in salaried class cases where instalment is paid by salary deduction or undertaking from employer for remitting the terminal benefits is available 9.Repayment 12 to 60 Months
10.Prepayment Charges 1% of the outstanding balance.

Contact Us:
Punjab and Sind Bank
1st Floor, 21, Rajendra Place, New Delhi-110008