Punjab National Bank (PNB) offers business loans with interest rates starting from 12.65% p.a., providing flexible loan tenures of up to 7 years and loan amounts tailored to meet various business needs. These loans are designed for purposes such as working capital, business expansion, equipment purchases, or managing operational expenses.
PNB business loans feature minimal documentation, quick approval, and collateral-free options for eligible businesses. The bank also offers customized repayment plans, making it a convenient option for small and medium-sized enterprises (SMEs) to manage their cash flow while focusing on growth and development.
Highlights of PNB Business Loan
Feature
Details
Interest Rate
Starting from 11.25% p.a.
Loan Amount (LTV Ratio)
Up to 80% of property value or revenue
Loan Tenure
Up to 8 years
Processing Charges
Up to 2% of the loan amount
Minimum Monthly Income
₹55,000, varies by location and loan type
Types of Business Loans
Loan Type
Purpose
LTV Ratio
Tenure
Special Features
Interest Rate
Eligibility Criteria
Collateral Required
Business Term Loan
Business expansion, capital needs
Up to 80%
Up to 8 years
Flexible repayment options
11.25% – 13.75% p.a.
Min. 3 years in operation
Yes
Working Capital Loan
Short-term operational expenses
Up to 75%
12 months, renewable
Overdraft, quick renewals
11.5% – 14.25% p.a.
Good credit score
No
Equipment Financing
Purchase of machinery, equipment
Up to 75%
3 – 7 years
Customizable loan structure
11.75% – 13.9% p.a.
Proven business track record
Yes
Table of Contents
Eligibility Criteria
Criteria
Details
Minimum Business Operation Period
3 years
Positive Cash Profits
Last 2 years
Required Documentation
IT returns, balance sheets, bank statements
Other Criteria
Good credit score, minimum turnover of ₹55 lakhs
Loan Features & Benefits
Range of loan amounts: From ₹10 lakhs up to ₹15 crores.
Collateral requirements: Depending on the loan type, collateral may or may not be required.
Minimal documentation: Streamlined process with minimal paperwork.
Quick approval: Loans are approved and disbursed within a few working days.
Flexible repayment options: Choose a repayment plan that aligns with your business cash flow.
Fees and Charges
Requirement
Salaried
Self-Employed
Processing Fee
₹10,000 to ₹25,000
₹15,000 to ₹30,000
Prepayment Charges
Up to 3% of principal
Up to 3% of principal
Late Payment Fee
₹500 to ₹1,000 per instance
₹750 to ₹1,250 per instance
Documentation Charges
As applicable
As applicable
Bounce Charges
₹750 per instance
₹1,000 per instance
Required Documents
Identity Proof: PAN Card, Aadhaar.
Address Proof: Passport, Utility Bill.
Business Continuity Proof: GST Registration, Business License.
Financial Documents: IT returns, bank statements for the last 2 years, audited balance sheets.
EMI Calculator
Use Punjab National Bank’s online EMI calculator to estimate your monthly payments. Simply enter the loan amount, interest rate, and tenure to calculate your EMI instantly.
Application Process
Steps to Apply: You can apply online through the PNB website or visit a branch for offline applications.
Expected Timeline: Loan approvals typically take 5-8 working days after submitting all required documents.
Customer Support: Dedicated support teams are available to assist you throughout the application process and provide updates on your loan status.
