PNB Business Loan in Purnea, Bihar

Punjab National Bank (PNB), one of the oldest public sector banks in India, provides startups, entrepreneurs as well as self-employed professionals with an objective to support the capital requirements of their businesses or to expand business operations. Provides business loans. The business loan interest rate offered by PNB depends on the applicant's profile and business requirements as well as the applicant's financial history, CIBIL score and loan repayment history, etc.

EMI Calculator

Loan Amount

₹

500000

No. of Months

months

Rate of Interest

Monthly EMI

₹

₹ 32,124.56

Total Interest

₹

10,622.78

Principal Amount

₹

500000

Payable Amount

₹

160,622.78

Pay No.	Begining Balance	EMI	Principal	Interest	Ending Balance
1	150000.00	32124.56	28637.06	3487.50	121362.94
2	121362.94	32124.56	29302.87	2821.69	92060.07
3	92060.07	32124.56	29984.16	2140.40	62075.91
4	62075.91	32124.56	30681.30	1443.26	31394.61
5	31394.61	32124.56	31394.64	729.92	-0.03

PNB Business Loan Important Information

The loan can be prepaid by serving prepayment charges of 1%.

PNB has a great brand value and trust throughout the country.

PNB has a strong network of near to 7000 branches in the nation.

The advantage of this loan is its same interest throughout the duration.

Simple documentation is needed and the business loan in Punjab National Bank then gets processed faster.

The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.

Eligibility Criteria for PNB Business Loan

Individual (singly or jointly) with others

Minor who have attained the age of 10 years and above in his own name on giving proof of age

Hindu Undivided Family

Association, Club, Society, Trust or Religious/Charitable or Educational Institutions

Municipality or Panchayat, Government or Quasi-Government Body

Illiterate and blind persons can also open the account

Documents Required for PNB Business Loan

Duly filled application form with passport size photograph

self draft business plan

business pan card

Identity Proof and Address Proof including Aadhar Card, Voter ID, Passport and Driving License

business incorporation certificate

Bank statement of last 12 months

Balance Sheet, P&L Statement, ITR and Sales Tax Return for the last 2 years

Any other document required by the bank

Fees & Charges for PNB Business Loan

Loan Amount

Rs. 50,000/- to Rs.50,00,000/-

Tenure

Minimum of 12 months to Maximum of 60 months

Punjab National Bank (PNB) Business Loan Interest Rate

8.15% to 15%

Loan Processing Charges

Up to Rs.300/- per lakh or part thereof

Pre-payment charges

2% on the outstanding pre-paid

Commitment Charges

Commitment charges to be charged as per the terms and condition mentioned in the sanction letter

Charges for late payment of EMI

2% to 4% per month on EMI / Principal

FAQ for PNB Business Loan

What is a term loan in PNB?

A term loan is a short or long term loan that can be repaid in the form of EMIs over a stipulated time period by the bank.

Which companies are eligible for business loan?

We provide working capital finance to entities engaged in manufacturing, service or trading segment that fall under the following categories:

What is working capital financing in Punjab National Bank?

Working capital financing in PNB is a working capital loan which is given to meet day to day business requirements and various business objectives, such as business expansion, purchase of machinery/equipment, purchase of raw materials, payment of rent, etc.

What is the minimum and maximum tenure of PNB Business Loan?

The repayment tenure of PNB Business Loan varies between 12 months to 5 years.

How much loan amount can I get from Punjab National Bank?

The minimum loan amount offered by PNB is Rs. 25,000 and up to Rs. 50 million.

What is the processing fee for business loan in PNB?

Business loan processing fee varies according to the loan amount, business requirements and the applicant's profile.

Purpose for Business Loan

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