Punjab National Bank Business Loan

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PNB offers many different products to self-employed professionals and business owners, including those in MSMEs and large companies. These products are designed to meet their specific loan needs. popular options include:

PNB Vanita

• This loan is for women in manufacturing, trading, or service businesses.
• You can get funds up to Rs. 25,000 from the bank.
• No collateral or guarantor is required because the loan is covered under CGTMSE for eligible activities.
• Women from economically disadvantaged backgrounds, or belonging to SC or ST categories, are given priority.
• The repayment period for this scheme is between 3 to 5 years, with a moratorium period of 3 to 6 months.

PNB Green Ride

• This scheme helps people who want to start businesses with e-rickshaws, creating jobs for them.
• Individuals, companies, or partnerships planning to buy transport vehicles for passengers or goods can apply.
• The borrower needs a valid license to operate the vehicles.
• The bank offers attractive interest rates.
• For new e-rickshaws, you can get up to 85% of the vehicle cost or 80% of the on-road price, whichever is lower.
• You'll repay the loan with interest in a maximum of 33 installments.
• If the loan is over Rs. 10 lakhs, the vehicle you buy with the loan amount will be security for the loan.
• For loans up to Rs. 10 lakhs, you don't need collateral or a third-party guarantee because they're covered under the CGTMSE scheme.

PNB Professional Schemes

• This loan is for qualified professionals who want to start new ventures or expand existing ones, excluding medical professionals and traders.li>
• Eligible applicants include individuals, partnerships, LLPs, associations, private and public limited companies.
• Term loan amounts start from Rs. 1 lakh and can go higher based on requirements.
• Overdraft amounts range from a minimum of Rs. 1 lakh to a maximum of Rs. 25 lakh.
• Cash credit ranges from a minimum of Rs. 1 lakh to need-based amounts.
• For term loans, the repayment period can be up to 7 years, with a maximum moratorium period of 6 months, which can extend to 18 months in specific cases.li>
• Overdraft and cash credit facilities are typically sanctioned for a tenure of 1 year and are renewable annually.

MUDRA Loan under PMMY

• PNB offers MUDRA loans with interest rates starting from 10.30% p.a.
• The loan amount can be up to Rs. 10 lakh.
• No collateral is required.
• There are no processing fees or foreclosure charges.
• MUDRA loans fund non-farm business units to enhance their income in trading, manufacturing, processing, and service activities.
• Individuals, SMEs, MSMEs, self-employed professionals, LLPs, partnership firms, private or public limited companies can apply.
• The borrower must have a clean track record without any defaults with banks or financial institutions.

PNB Sanjeevani

• This loan is for certified and registered doctors and medical practitioners with at least an MBBS, BAMS, BDS, BHMS, or BUMS qualification.
• Individuals, partnerships, LLPs, private limited, limited companies, and trusts can also apply.
• You can use the loan to buy medical equipment or to set up, renovate, expand, or furnish clinics, hospitals, nursing homes, and medical centers.
• The loan amount can range from Rs. 1 lakh to Rs. 5 crore.
• You can choose between a term loan and an overdraft facility. The overdraft is up to Rs. 1 crore.
• You get a 20% discount on processing fees if you apply online.
• For loans over Rs. 10 lakh, you don't need collateral or a third-party guarantee.
• The repayment period can be up to 7 years, with an 18-month moratorium period.

Super Trade

• Loan amounts range from Rs. 10 lakh to Rs. 5 crore.
• This loan is for financing stock and book debts that are not more than 4 months old.
• All MSME entrepreneurs with satisfactory trading experience can apply.
• Borrowers must provide financial records from the past 2 financial years.
• Primary security includes the hypothecation of stocks and assignment of book debts.
• Collateral security requires a minimum of 150% (Realizable Value) of the loan amount, which can be in the form of mortgage of immovable property and/or other liquid assets pledged to the bank.

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To qualify for Punjab National Bank (PNB) business loans, applicants must meet specific requirements:

• Applicants should be between 18 and 65 years old.
• A credit score of 750 or above is preferred, showing responsible financial behavior.
• The business should have a stable financial track record and a history of timely repayments, indicating effective financial management.
• Applicants should not have defaulted on any previous financial obligations with other institutions.
• Eligible Entities to avail PNB business loan: Individuals, business owners, women entrepreneurs, self-employed professionals, sole proprietors, partnership firms, public and private limited companies SMEs, MSMEs, and limited liability partnerships who are engaged only in trading, services and manufacturing sectors.

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PNB offers various Business Loan Schemes with different eligibility criteria and document requirements. Commonly required documents for these schemes include:

• Duly filled application form with passport-sized photographs
• Business PAN card
• Identity proof and address proofs such as Aadhaar Card, Voter's Identity Card, Passport, and Driving License
• Business Incorporation Certificate
• Last 12 months' bank statement
• Last 2 years' Balance Sheet, Profit & Loss statement, Income Tax Returns, and Sales Tax returns
• Any other documents requested by the bank

Please note that additional supporting documents may be required based on the specific eligibility criteria of each scheme or for further information as per the bank's discretion.

• Credit Score: For new ventures, PNB examines the credit history of the company or owner. A positive repayment history increases the likelihood of loan approval.
• Track Record: PNB evaluates the past transactions and growth of the existing business to determine if additional funding is necessary and if the borrower can repay the loan promptly.
• Ability to Repay: PNB verifies that the borrower has a reliable source of income and can repay the loan on time.
• Income Tax Returns and Banking Details: For existing companies, PNB requires income tax returns and banking details before sanctioning the loan. These documents provide insights into the financial health of the business.
• Business Stability: PNB scrutinizes the financial track record of businesses to assess their stability. Sales growth over the past few years is a key indicator. If sales do not meet PNB's standards, the loan may not be approved.
• Profitability and Turnover: PNB requests profit details from the past two years. The organization's profitability and revenue are essential in deciding loan eligibility.

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A term loan is a loan that you can repay over a set period of time, either short or long-term, with regular payments called EMIs, as determined by the bank.

The processing fee for business loans from PNB varies based on factors such as the loan amount, business needs, and the applicant's profile.

PNB provides several loan schemes tailored for women entrepreneurs, including PNB Vanita, Mudra loan, and PNB Professional Pages.

Working capital financing in PNB refers to a type of loan designed to fulfill day-to-day business needs and various purposes like expanding the business, purchasing machinery or equipment, buying raw materials, paying rent, and other operational expenses.

To apply for a PNB business loan, you can visit the official PNB website and click on the MSME loan section to begin your application process.

The repayment tenure for PNB business loans ranges from 12 months to 5 years.

PNB offers business loans with a minimum amount of Rs. 25,000 and a maximum amount of up to Rs. 5 crore.