Punjab National Bank Business Loan
Based on 198 Customer Reviews
Published on: 06 Oct 2018
Based on 198 Customer Reviews
Published on: 06 Oct 2018
Punjab National Bank (PNB) is an Indian financial service and transnational banking company. Punjab National Bank was instituted in 1894. The government of India nationalized Punjab National Bank and other 13 major commercial banks, on 19 July 1969. It is a state-owned organization headquartered in New Delhi, India. As on 31st March 2017, the bank has a network of over 6,937 branches, 80 million customers and around 10,681 ATMs across the country. PNB has representative offices in Dubai (United Arab Emirates), Sydney (Australia), Shanghai (China), Kazakhstan and Oslo (Norway). It also has subordinate banking services in UK (PNB international) and several branches in Dubai, Kabul, Hong Kong and Kowloon. PNB owns about 20% of Everest Bank Limited in Nepal, which has over 50 branches across the country and 51% of Druk PNB bank, which has around 5 branches.
PNB business loans in India isintroduced keeping in mind the self-employed professionals/non-professionals and private and partnership firms. Under a business loan, an entrepreneur can borrow the loan amount to use it for business growth and expansions or to fund a start-up venture. PNB business loans have become a popular choice for many business ventures due to its simplified documentation, flexible tenures, and lower interest rates. Punjab National Bank business loans are quick in processing, competitive and customized to suit each of your business needs.Afinoz.com has an exclusive collaboration with PNB bank. So, applying for PNB business loan with Afinoz.com makes the process of application and approval of loans from PNB much quicker and easier. By availing the benefits of Punjab National Bank business loans with Afinoz.com, applicants may fulfill their dreams and get individualized solutions and services for their business.
Afinoz.com is India's foremost online financial marketplace for availing loans and investments. Our main objective is to make the process of getting a loan or making an investment safer, convenient and hassle-free for individuals. We work with public and private banks, NBFCs and mutual fund houses across the entire country and offer an unbiased quotation on financial products. You can contact our team to get more information or apply for a loan or investment by calling on +918795021552 or by emailing at firstname.lastname@example.org. Afinoz.com provides solutions which are quick, reliable, transparent, confidential and above all free.
Punjab National Bank has attractive benefits from quick approval of loans, to attractive interest rates along with longer loan tenures. Quantum of business loans offered by Punjab National bank to customers depends on a lot of factors (profits generated by the business in the last 3 years, amount of tax paid and occurring in ITR filed over the past 2-3 years, credit history etc.) including their requirements and repayment history. Here are some features and benefits of Punjab National bank business loan:
Punjab National Bank business loan eligibility and Punjab National Bank business loan interest rates can be easily evaluated through and seen on Afinoz’s website. If there is any query about Punjab National Bank business loan application, you can log on to afinoz.com or give us a call at +918795021552 or mail us at email@example.com and get all the solutions at one go.
Any individual who is an Indian citizen and has a residual income and the ability to repay a loan is eligible for PNB business loans. The other parameters that a loan seeker must satisfy in order to be eligible for getting a business loan for new business are mentioned below:
A business loan from Punjab National Bank requires the simplest form of documents which can be categorized broadly into two categories-Sole Proprietorship Firms and Private Ltd. Companies/ Partnership Firms:
12.60% ( Upto 2 lakhs )*
15.60% ( Above 2 lakhs )*
1 to 5 Years
Up to Rs. 2 lakhs - NIL
Above Rs. 2 lakhs - Rs. 400 per lakh or part thereof
Subject to a minimum of Rs 1000 and maximum of Rs.50000
No prepayment permitted until the repayment of 6 EMI’s
2% of the outstanding prepaid
No due certificate/ No Objection Certificate(NOC)
Rs. 150 per certificate
Charges for change in terms &conditions
0.02% of the loan amount (Minimum of Rs. 1000 And Maximum Rs. 5 lakhs)
Special Note:*Rates are subject to periodic change. Business loan interest rates in PNB Bank & other fees and charges are subject to regular review and can vary with each customer. PNB Bank business loan interest rates can differ depending on your credit worthiness & other factors. The final interest rate will be based on different criteria including the bank’s internal policies & applicable rates at the time of approval.
Afinoz.com is India's leading personalized financial marketplace. We have created a business loan platform which lets you choose the best business loan that meets your requirements from the multiple options that are available to you.
Punjab National Bank has an exclusive tie-up with afinoz.com. If you are looking for a business loan then you can simply log on to Afinoz.com to check your business loan eligibility and apply for a loan.
Business owners can apply for a loan in Punjab National bank through Afinoz.com in the following three simple steps:
At each step of the application process, Afinoz.com allows it's applicant to keep track of the status of their application in real-time via SMS as well as through emails. Due to such simplified and fast processing, Afinoz.com has become a popular option for many business owners.
Query-How much loan amount can I avail from Punjab National Bank?
Reply-You can avail a minimum amount of Rs. 2 lakhs to the maximum amount of Rs. 2 crores and above depending on your eligibility and your requirements.
Query-What is the business loan interest rate range of Punjab National Bank?
Reply-PNB business loan interest rates today range from 12.60% to 15.60% for self-employed professionals and private/partnership firms.
Query-How to find out the eligibility for PNB business loan?
Reply- Afinoz.com provides you with an EMI calculator called business loan eligibility calculator which you can use to determine your eligibility for your business loan application.
Query-What is the minimum and maximum tenure of PNB business loan?
Reply-You can repay your business loan from PNB Bank in a period of 1 to 5 years.
Query-What is the processing fee charged by PNB on a business loan?
Reply- A small processing fee of 1.8% of the loan amount is charged to the borrower.
Query-Is it safe to share my personal data online on Afinoz.com?
Reply-Afinoz.com is a premier financial portal which does not share any of its client data with any third party other than the concerned financial institution. All data is sent online in an encrypted format making it safe and secured at all times.
Query-How do I repay my Business loan from Punjab National Bank?
Reply- You repay your loan in equated monthly installments (EMI). You can either use post-dated cheques or you can choose to directly debit your EMI’s from your PNB Bank account.
Query-How do I track my online loan application?
Reply- You will get a unique transaction ID when you first signup with business loan application on Afinoz.com. You can use this ID to track down your application on www.afinoz.com. In addition to the ID, we also send alerts via SMS and email to our customers on their registered mobile number and mail IDs informing them about the progress of their application in real-time.
Query-What security do I need to provide to avail a Business loan?
Reply-No security or collateral is required while applying for business loans from PNB for an amount upto Rs. 10 lakhs.
Query-How much time does it take to get the loan approved?
Reply- If all of your documents are up-to-date and you have by-passed all eligibility criteria, then you can expect to get the loan approved within 72 hours of loan application submission.
Query-How many days does it take to get the loan disbursal done?
Reply- Punjab National Bank usually takes up to 7 business days for the disbursal of the first loan payment to your account.
For any query about Punjab National Bank business loan application, you can log on to afinoz.com or give us a call at +918795021552or mail us at firstname.lastname@example.org.