Business Loans from Punjab National Bank
Being one of the largest public sector banks in India, Punjab National Bank (PNB) offers a range of loans to different segments of its customer base. As of April 2020, PNB offers eight options to its corporate customers to help them run their business smoothly.
The business loans offered by Punjab National Bank are:
- Rooftop PV Solar Power Projects
- Loan Against Future Lease Rentals
- Working Capital Loan
- Project Finance and Infrastructure Finance
- Term Loans
- Export Finance
- Bill Financing
- Short Term Corporate Loan
We give you a brief intro to the business loans below. In addition, you have the option to click further and read in detail about the loans in a specific page of their own. This specific page has been made specifically for you to get all the information you need on that loan in an uncluttered and easy-to-read format. If information is less or not available, we have been not been able to create an information page as yet, but we may do so in the course of the next few months. For such loan products with limited information, you will not find the link to its own specific page below the brief overview.
Punjab National Bank Business Loan for Rooftop Photovoltaic (PV) Solar Power Projects
This loan is designed to help businesses get the funds to execute Rooftop Photovoltaic Solar Power Projects. This is a need-based loan and the maximum loan amount sanctioned under this loan is decided by the bank on a case-to-case basis after carefully examining the application.
Features of PNB Business Loan for Rooftop PV Solar Power Projects
Why this Loan?
- The Punjab National Bank Loan for Rooftop PV Solar Power Projects is the perfect corporate business loan to help businesses execute Rooftop Photovoltaic Solar Power Projects successfully
- The bank offers fund-based assistance in the form of term loans and working capital loans as well as non-fund based assistance in the form of Letter of Credit and Letter of Guarantee to eligible borrowers
For more details on this loan, please click anywhere on this sentence to get to its specific page.
Punjab National Bank Loan Against Future Lease Rentals
This loan is designed to help property owners who have leased out their properties in the metro, urban, semi-urban areas to public sector undertakings, reputed private education institutions, reputed private hospitals or nursing homes, franchises of reputed corporates, etc. to get funds for their various needs.
Features of Punjab National Bank Loan Against Future Lease Rentals
Why this Loan?
- The PNB Loan Against Future Lease Rentals is the perfect business loan to help landlords meet the expenses of alteration, addition or renovation to the premises but not for speculative purposes
- The maximum loan amount depends on the Net Present Value of net rent receivables within the unexpired period of lease or loan tenure, whichever is lower
For more details on this loan, please click anywhere on this sentence to get to its specific page.
Punjab National Bank Working Capital Loan
The Punjab National Bank Working Capital Loan helps businesses finance their everyday operations such as for investment in current assets, purchase inventory, salary payments, power charges, etc. This a perfect loan scheme for businesses that need help during periods of reduced business activity or while waiting for receipt of payment after completing projects.
Features of Punjab National Bank Working Capital Business Loan
Why this Loan?
- This business loan can be taken for managing day-to-day operations related to running the business
- The fund-based assistance under this scheme includes cash credit, demand loan and bill discounting
Punjab National Bank Project Finance and Infrastructure Finance
Punjab National Bank offers the Project and Infrastructure Finance loan scheme to help businesses to meet the needs of an ongoing project for expansion, diversification or modernisation of units/equipment/facility.
Features of Punjab National Bank Project Finance and Infrastructure Finance (Business Loan)
Why this Loan?
- The Punjab National Bank Project and Infrastructure Finance Loan is meant for you if your business needs funds to run an ongoing project in the infrastructure or non-infrastructure sector
- Existing and new projects in the power, oil & gas, aviation, telecommunication, railways, manufacturing and real estate sector are eligible for this loan. We suggest getting in touch with the bank to know the type of projects eligible for this loan
Punjab National Bank Term Loans for Business
Punjab National Bank offers term loan schemes to help businesses to meet working capital or capital expenditure needs. This loan can also be availed for expenditure related to business expansion.
Features of Punjab National Bank Term Finance (Business Loan)
Why this Loan?
- The Punjab National Bank Term Finance Loan is meant for you if your business needs funds to meet its capital expenditure or working capital needs
- The bank also offers non-fund based finance in the form of Deferred Payment Guarantee for the acquisition of fixed assets
Punjab National Bank Export Finance
This loan helps businesses pay for pre-shipment, post-shipment, and other activities right from sourcing, manufacturing or converting semi-finished into finished goods and services to importing raw materials and capital goods for export business.
Features of Punjab National Bank Export Finance Business Loan
Why this Loan?
- The Punjab National Bank Export Finance Loan is meant for you if your business needs funds for any activity directly related to your export business whether it is at the pre-shipment or post-shipment stage. Please get in touch with the bank to get a list of all activities eligible for this loan
- The repayment period for each loan is set on a case-to-case basis depending on factors such as the nature of project, quantum of loan, repayment capacity of the borrower, etc.
Punjab National Bank Bill Financing
PNB offers fund-based assistance to businesses by providing advances against inland bills, receipts, DDs and cheques in the form of limit for purchase of bills, advance against bills or discount of bills for genuine trade-related transactions.
Features of Punjab National Bank Bill Financing
Why this Loan?
- The Punjab National Bank Bill Financing Loan is meant for you if your business needs advance against the limit for purchase of bills, advance against bills, discount of bills, etc. for trade-related transactions
- The repayment period for each loan is set on a case-to-case basis depending on factors. Please get in touch with the bank to get a list of all activities eligible for this loan
Punjab National Bank Short Term Corporate Loan
The Punjab National Bank Short Term Corporate Loan helps businesses to take care of business exigencies or meet basic operational needs including the purchase of equipment, funding for payroll, etc.
Features of Punjab National Bank Short Term Corporate Loans
Why this Loan?
- This loan can be taken for short-term funding needs for a project
- The tenure for this loan is up to 12 months
Important Note: Punjab National Bank may offer more corporate loan options that are not yet published on the website. We suggest that you get in touch with the nearest branch to check the loan schemes they offer. This will also help you get a custom quote since many loan schemes are need-based and certain charges such as application charges, service charges, Strategic Premium, etc. may be decided on a case-to-case basis.
Interest Rate for Punjab National Bank Business Loans
- The interest rate for Punjab National Bank Loans is defined as the sum of three factors, namely: one-year Marginal Cost of Funds based Lending Rate (MCLR) of PNB, Strategic Premium and Credit Risk Premium
- The Strategic Premium depends on various factors including the type of business, tenure of loan, etc.
- Credit Risk Premium, as the name suggests, depends on the Internal as well as External Credit Risk Rating of the borrower
Documents Needed for Individuals
- Loan Application Form duly filled and signed by the applicant and co-applicant, if any
- Two Passport Size Photographs of applicant and co-applicant
- Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
- Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
- Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
- Income/Banking Proof: Last 6 months Bank Account Statement of applicant and co-applicant, Loan Statement of Running Loans, Latest Closed Loan NOC, Net Worth of the applicant and co-applicant
- Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
Documents Needed for Proprietorship and Partnership Firms
- Loan Application Form duly filled and signed
- Partnership Deed and Partnership Registration Certificate
- ID Proof of the Firm: Firm PAN Card or PAN Issuing Letter
- Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
- Income Proof: CMA Data and Project Report, Debtors and Creditors Certificate, GST Return, Last 3 years ITR of applicant and co-applicant, Audited or CA Certified Computation of Income/Trading Account/Profit and Loss Account/Balance Sheet, Annual Audit Report and Tax Audit Report if audited, Form 16A if applicable, Net Worth of applicants, co-applicants and guarantors
- Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
- Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
- Other Relevant Documents: Partnership’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References
Documents Needed for Private Limited and Public Limited Companies
- Application Form duly filled and signed
- Company ID Proof: Company’s PAN Card
- Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
- Business Proof: AOA and MOA, Company Incorporation Certificate, Business Commencement Certificate, Board Resolution, CA/CS verified Share Holding Pattern, ROC Annual Return, DIN Certificate, List of Directors on Company Letter Head, GST Number, Form 32 in case of Director Change
- Income Proof: CMA Data and Project Report, Last 3 Years ITR Acknowledgement copy of Company and all Directors, Last 3 Years Annual Credit Report or Tax Audit Report with Article 3CB, Article 2D, Article 3CD, TDS Certificate/Form 16A, Net Worth Certificate
- Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
- Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
- Other Relevant Documents: Company’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References
Reference Facts
- Punjab National Bank Website: www.pnbindia.in and www.netpnb.com (net banking)
- Headquarters: Dwarka, New Delhi
- Call Centre Toll-Free Number: 1800 180 2222, 1800 103 2222