PNB Business Loan – Low Interest, Quick Approval

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Key Features of PNB Business Loans

Diverse Loan Schemes:
PNB Sampatti Scheme: Loan against property for working capital, business expansion, or purchasing/renovating business premises.
PNB GST Express Loan: Cash credit facility for working capital, with loan amounts from ₹10 lakh to ₹2 crore.
PNB e-Mudra (Shishu): For small businesses, offering up to ₹50,000 for non-farm enterprises.
MSME Prime Plus: For MSMEs and agri-infrastructure businesses, providing working capital and term loans.
PNB Green Ride Scheme: Supports transport operators with loans up to 85% of invoice cost.
PNB Sanjeevani Scheme: For healthcare professionals to set up or expand practices.
Loan Amount: Ranges from ₹50,000 (e-Mudra) to ₹15 lakh for smaller businesses, and up to ₹2 crore for schemes like GST Express.
For applicants without proper financial statements, the loan can be up to 4 times their annual income.
Corporate loans and project financing for infrastructure/non-infrastructure sectors have higher limits based on project needs.
Interest Rates: Competitive rates starting at 12.60%–14.50% per annum, depending on the scheme.
For MSME Prime Plus, rates vary by collateral coverage:
- <50% collateral: RLLR + BSP + 0.50% to 1.50%
- 50%–100% collateral: RLLR + BSP + 0.35% to 1.35%
- 100% collateral: RLLR + BSP + 0.20% to 1.25%
PNB e-Mudra: RLLR + BSP + 0.15%.

- Repayment Tenure: Flexible tenures from 1 year (GST Express, renewable) to 7 years (e-Mudra) or up to 10 years (Sanjeevani, including moratorium).
  Corporate loans like Loan Against Future Lease Rentals allow up to 144 months. Repayment via easy EMIs through auto-debit, ECS, or PDC.
- Security/Collateral:
  Primary security: Hypothecation of assets created with the loan.
  Collateral: Varies by scheme. GST Express requires 100% collateral. e-Mudra requires guarantee coverage under CGFMU. Some loans up to ₹1 crore may not require collateral.
  Margin: 15%–25% depending on the asset financed.
- Eligibility:
  Minimum age: 21 years at loan sanction, maximum 58–65 years at maturity.
  Business continuity: At least 2–3 years with 2 years of profitability.
  Eligible entities: Individuals, SMEs, MSMEs, self-employed professionals, proprietors, partnership firms, private/public limited companies, and trusts.
  CIBIL score: Preferably above 650–750 for lower interest rates.
- Documentation: Minimal documentation, including identity/address proofs (Aadhaar, PAN, passport), business proofs (PAN card, partnership deed, incorporation certificate), financial statements, and ITR for 2 years. A detailed project report may be required to assess feasibility and risks.
- Processing and Fees: Quick processing with loan disbursement in 3–4 days if eligible. Processing fees apply (varies by loan type). Online applications for some schemes offer a 20% discount on fees. Prepayment allowed with 1% charges in some cases; no prepayment charges for certain loans.
- Additional Features:
  Online Application: Apply via PNB WebLenS for a hassle-free process.
  Pre-Approved Loans: Available with minimal documentation and quick approvals.
  Loan Transfer: Transfer existing high-interest business loans to PNB for lower EMIs.
  Insurance Coverage: Loans covered under insurance in case of borrower's death.
- Accessibility: Available across PNB's 6,352+ branches and online platforms. Repayment options include net banking, debit/credit cards, UPI, or Bajaj Pay Wallet via Bajaj Finserv's BBPS platform. Auto-debit feature for seamless EMI payments.

Benefits of PNB Business Loans

Flexible Financing Options: Wide range of schemes (e.g., PNB Sampatti, GST Express, e-Mudra, MSME Prime Plus, Sanjeevani) tailored for diverse needs like working capital, business expansion, asset purchase, or debt consolidation.
Supports various sectors, including manufacturing, trading, services, healthcare, transport, and agriculture-related businesses.
Competitive Interest Rates: Attractive rates starting from 12.60%–14.50% per annum, depending on the scheme, CIBIL score (preferably >650–750), and collateral.
Lower rates for higher collateral coverage (e.g., MSME Prime Plus offers reduced rates for >100% collateral).
Transparent pricing linked to RLLR (Repo Linked Lending Rate) + BSP (Business Spread Premium).

- Minimal Documentation: Simplified documentation, requiring only identity/address proofs (Aadhaar, PAN), business proofs (PAN card, partnership deed), and ITR/financials for 2 years.
- Quick Processing and Disbursal: Fast loan processing, with disbursal in 3–4 days for eligible applicants. 20% discount on processing fees for online applications in some schemes.
- Collateral Flexibility: Collateral-free options for loans up to ₹1 crore under certain schemes. Guarantee coverage under CGFMU for e-Mudra loans reduces risk for borrowers.
- Customized Solutions: Specialized schemes for specific groups, such as women entrepreneurs, healthcare professionals (Sanjeevani), transport operators (Green Ride), and property owners (Loan Against Future Lease Rentals).
- Business Growth Support: Funds can be used for working capital, purchasing machinery/vehicles, renovating premises, or expanding operations, driving business scalability.
- Government-Backed Support: Schemes like e-Mudra and CGTMSE-backed loans align with government initiatives (e.g., Mudra Yojana, MSME development programs), offering additional security and benefits.

How to Apply for PNB Business Loans

1. Choose the Right Loan Scheme
2. Check Eligibility
- Ensure you meet the basic eligibility requirements:
- Age: 21 years at loan sanction, up to 58–65 years at maturity.
- Business continuity: 2–3 years with profitability (for most schemes).
- CIBIL score: Preferably >650–750.
- Eligible entities: Individuals, MSMEs, proprietorships, partnerships, companies, or trusts.
- Specific requirements (e.g., MBBS/BAMS for Sanjeevani, GST registration for GST Express).
3. Gather Required Documents
- Prepare the following documents (may vary by scheme):
- Identity Proof: Aadhaar, PAN, passport, voter ID, or driving license.
- Address Proof: Aadhaar, utility bills, or rent agreement.
- Business Proof: PAN card, partnership deed, certificate of incorporation, or GST registration.
- Financial Documents: ITR, balance sheet, profit & loss statement for the last 2 years.
- Bank Statements: Last 6–12 months.
4. Choose Application Method
- Online Application (via PNB WebLenS):
- Visit PNB's official website or the PNB WebLenS portal.
- Navigate to the "Loans" or "Business Loans" section and select the desired scheme.
- Click "Apply Online" and fill out the application form with personal, business, and loan details.
- Upload scanned copies of required documents.
- Submit the application. You may receive a 20% discount on processing fees for online applications.
- Offline Application:
- Visit the nearest PNB branch.
- Meet a loan officer, discuss your requirements, and submit the physical application form along with documents.
5. Loan Processing and Verification
- After submission, PNB will verify your application and documents.
- The bank may conduct credit appraisal, business viability check, and collateral valuation (if applicable).
6. Loan Approval and Sanction
- Upon successful verification, PNB will issue a sanction letter detailing the loan amount, interest rate, repayment tenure, and terms.
- Review and accept the terms by signing the agreement.
7. Loan Disbursement
- After signing the loan agreement and completing formalities, the loan amount is disbursed to your PNB account or as per the scheme's terms.
- Disbursal typically takes 3–4 days for eligible applicants.
8. Repayment Setup
- Set up EMI payments via auto-debit, ECS, or PDC for hassle-free repayment.
- Monitor repayments through PNB's net banking, mobile app, or branch visits.
9. Post-Disbursement Support
- PNB offers post-loan disbursement support, including loan servicing and query resolution.
- Maintain contact with your relationship manager or branch officer for any loan-related concerns.
- Utilize customer care, net banking, or mobile app for service requests and issue resolution.
10. Renewal and Top-up Options
- Based on repayment history and business performance, you may be eligible for loan renewal or top-up after a certain period.
- Contact your branch or apply online with updated documents and financials for enhanced loan facilities.

Eligibility Criteria for PNB Business Loans

Applicant Type:
- Individuals, self-employed professionals, proprietorships, partnership firms, private/public limited companies, trusts, or societies engaged in manufacturing, trading, or services.
- MSMEs, startups, entrepreneurs, and corporates are eligible, depending on the scheme.
- Specific schemes may target niche groups (e.g., healthcare professionals for Sanjeevani, transport operators for Green Ride).
Age:
- Minimum: 21 years at the time of loan sanction.
- Maximum: 58–65 years at the time of loan maturity (varies by scheme and applicant profile).
Business Continuity:
- Minimum 2–3 years of business operations with profitability in the last 2 years (for most schemes).
- Startups or newer businesses may qualify under specific schemes like e-Mudra with relaxed requirements.
Credit Score:
- CIBIL score preferably above 650–750 for competitive interest rates and smoother approval.
- Lower scores may be considered with higher collateral or under government-backed schemes (e.g., CGTMSE).
Income/Revenue:
- Stable income or business revenue, typically demonstrated through ITR, balance sheets, or GST returns for the last 2 years.
- For applicants without proper financial statements, loans may be granted up to 4 times their annual income (scheme-specific).
Nationality and Residency:
- Indian citizens or entities registered in India.
- Address proof (e.g., Aadhaar, utility bill) required to confirm residency.
Collateral/Security:
- Ability to provide primary security (hypothecation of assets created with the loan) and collateral (e.g., property, liquid assets) if required.
- Collateral-free loans available for certain schemes (e.g., up to ₹1 crore under CGTMSE or e-Mudra with CGFMU guarantee).
Scheme-Specific Eligibility Criteria
- PNB Sampatti Scheme:
  - For businesses needing working capital, expansion, or debt consolidation.
  - Eligible: Individuals, proprietorships, partnerships, or companies with a property to offer as collateral.
  - Business stability: Minimum 2 years with profitable operations.
  - Collateral: Immovable property under SARFAESI Act.
- PNB GST Express Loan:
  - For working capital needs based on GST-reported sales.
  - Eligible: Businesses with valid GST registration and 12 months of GST filing history.
  - Minimum turnover: Based on GST returns (loan amount up to 25% of last 12 months' sales, ₹10 lakh to ₹2 crore).
  - Collateral: 100% coverage (liquid security or immovable property).
  - CIBIL score: Preferably >700.
- PNB e-Mudra (Shishu):
  - For small non-farm enterprises in manufacturing, trading, or services.
  - Eligible: Individuals or micro-enterprises with no prior Mudra loan default.
  - Loan amount: Up to ₹50,000.
  - Business experience: No strict minimum, suitable for new or small businesses.
  - Guarantee: Covered under CGFMU (Credit Guarantee Fund for Micro Units).
- MSME Prime Plus:
  - For MSMEs and agri-infrastructure businesses needing working capital or term loans.
  - Eligible: MSMEs, proprietorships, partnerships, or companies in manufacturing, trading, or services.
  - Business vintage: Minimum 2 years with profitability.
  - Collateral: Varies (50%–100% or more, with relaxed terms for CGTMSE-backed loans up to ₹1 crore).
  - CIBIL score: Preferably >650.

Documents Required for PNB Business Loans

Loan Application Form:
- Duly filled and signed PNB business loan application form (available online at www.pnbindia.in or at PNB branches)
- Two passport-sized photographs of the applicant
Identity Proof (any one):
- Aadhaar card
- PAN card
- Voter ID
- Passport
- Driving license
Address Proof (any one):
- Aadhaar card
- Utility bill (electricity, water, or gas bill, not older than 3 months)
- Passport
- Rent/lease agreement
- Property tax receipt
Business Proof:
- GST registration certificate
- Udyam registration certificate (for MSMEs)
- Shop and establishment license
- Certificate of incorporation (for companies) or partnership deed
- Memorandum and Articles of Association (for private limited companies)
- DPIIT registration certificate (for startups)
Financial Documents:
- Income Tax Returns (ITR) for the last 2–3 years (self and business)
- Balance sheet and profit/loss statement for the last 2–3 years, certified by a Chartered Accountant
- Bank statements for the last 6–12 months (business account)
- GST returns (for businesses registered under GST)
- Projected financials or business plan (for larger loans or startups)
Scheme-Specific Documents:
PNB Sampatti Scheme: Property documents for collateral.
GST Express Loan: GST returns for the last 12 months.
PNB e-Mudra: Proof of savings/current account with PNB.
Sanjeevani Scheme: Professional qualification certificates (MBBS/BAMS etc.).
Loan Against Future Lease Rentals: Lease agreement and property documents.

Factors for PNB Business Loans

Credit Score/CIBIL Score:
- A minimum CIBIL score of 650–750 is typically required.
- Higher scores increase the likelihood of loan approval at lower interest rates.
- A low score may lead to higher rates or rejection.
Business Vintage and Stability:
- Businesses must have been operational for at least 2–3 years in the same locality.
- For most schemes, proof of business continuity (e.g., ITR, trade license) is needed.
- Applicants with significant business experience (minimum 2–3 years) may secure better terms.
Business Income and Turnover:
- PNB evaluates annual turnover and profitability.
- Higher revenue and stable income reduce perceived credit risk, potentially lowering interest rates.
- For GST Express Loan, loan amount is based on 25% of GST-reported sales.
Nature of Business:
- Eligible businesses include those in manufacturing, trading, services, self-employed professionals, and wholesale/retail trade.
- The scope and nature of the business influence loan suitability and terms.
Collateral and Margin:
- Secured loans require collateral (e.g., property, fixed deposits, or stocks).
- Unsecured loans may not require collateral but carry higher interest rates.
- No collateral is needed for loans under schemes like e-Mudra or CGTMSE-backed loans.
- Margin: 15%–25% depending on the asset financed.
Loan Amount and Purpose:
- Loan amounts range from ₹50,000 to ₹2 crore, depending on the scheme.
- The purpose (e.g., working capital, expansion, equipment purchase) affects loan structure and terms.
- Higher loan amounts may attract lower interest rates.
Repayment Capacity and Tenure:
- PNB assesses the applicant's ability to repay through income stability and cash flow.
- Repayment tenure ranges from 12 months to 144 months depending on the scheme.
- EMIs are calculated based on loan amount and interest rate.

Frequently Asked Questions (FAQs)

What types of business loans does PNB offer?

PNB offers various schemes, including:
• PNB Sampatti Scheme (Loan against property)
• PNB e-Mudra (Shishu) – up to ₹50,000
• PNB GST Express Loan – ₹10 lakh to ₹2 crore based on GST returns
• MSME Prime Plus – for working capital and asset purchases
• PNB Sanjeevani – for medical professionals
• Loan Against Future Lease Rentals
• Project Finance for infrastructure and non-infrastructure sectors

Who is eligible for a PNB business loan?

Age: 21 to 58–65 years (at maturity).
Business Type: Proprietors, MSMEs, Startups, Doctors (Sanjeevani Scheme).
Business Continuity: 2–3 years typically required.
Credit Score: 650–750+ preferred.
Specific Requirements vary per scheme (e.g., GST for GST Express, MBBS for Sanjeevani).

What is the interest rate for PNB business loans?

Starts at 8.25% p.a. and goes up to 15.60% or higher depending on:
• Loan scheme
• Credit score
• Loan amount & collateral
• Business stability
Visit www.pnbindia.in for the latest rates.

What is the maximum loan amount and tenure?

• Loan Amount: ₹50,000 to ₹15 lakh (general), up to ₹2 crore (GST Express/Sanjeevani)
• Tenure: 12 to 144 months
• Moratorium: Available under select schemes (e.g., 3–24 months)

What documents are required?

• KYC (Aadhaar, PAN)
• Business Proof (License, Partnership Deed, etc.)
• Financials: ITR, P&L, Balance Sheet (2 years), Bank Statements
• Scheme-Specific: GST returns, lease agreements, degrees (Sanjeevani)

Is collateral required?

• Secured Loans: Require property, inventory, or asset hypothecation
• Unsecured Loans: Available for small amounts (e.g., e-Mudra)
• Guarantees: CGFMU or other government-backed programs may apply

What are the fees and charges?

• Processing Fee: Up to 0.50% (online applicants may get 20% discount)
• Prepayment Charges: Nil or minimal (1% in some cases)
• Other Charges: GST or documentation fees as per policy

How can I repay the loan?

• EMI via SI, ECS, post-dated cheques, or auto-debit
• Platforms: PNB portal, Bajaj Finserv, credit/debit/UPI
• Prepayment allowed with minimal/no penalty

How do I apply for a PNB business loan?

• Online: www.pnbindia.in or WebLenS portal
• Offline: Visit nearest PNB branch
• Processing Time: 3–4 days typically, instant for pre-approved

Can I get a loan with a low CIBIL score?

A score below 650–700 may reduce chances or raise rates. Strong business proof, collateral, or a co-applicant can help improve approval.

Are there any special benefits for existing PNB customers?

Yes, such as faster approvals, lower interest rates, and priority processing based on account history and relationship value.

Where can I find more details?

Visitwww.pnbindia.in or contact customer care / nearest PNB branch for personalized assistance.

List of PNB Business Loans

PNB Sampatti Scheme
GST Express Loan Scheme
PNB e-Mudra Scheme
Compressed Bio Gas (CBG) under SATAT

MSME Prime Plus Scheme
MSME Vishesh
MSME Open Term Loan
Loan against Future Lease Rentals

Working Capital Financing
Project Finance and Infrastructure Finance
Term Loans

Export Finance (Pre-shipment and Post-shipment)
Short Term Business Loans
Advances against Inland Bills

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