Looking for a Business Loan from Punjab & Sind Bank?

This page contains all the information you need to make a sensible and sound decision.

Corporate Business Loans from Punjab & Sind Bank

Being one of the largest public sector banks in India, Punjab & Sind Bank (PSB) offers a range of fund-based assistance to different segments of its customer base in addition to other finance products. As of April 2020, PSB offers different loan options to its corporate customers to help them run their business smoothly.

The business loans offered by Punjab & Sind Bank are:

  • PSB Vyapar Loan
  • PSB Mortgage 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.

Punjab & Sind Bank Vyapar Loan

The Punjab & Sind Bank Working Capital Loan helps businesses finance their everyday operations such as for investment in current assets, purchase inventory, salary payments, power charges, etc. The bank extends the loan as a working capital loan, term loan and Overdraft (OD) facility depending on the needs of the borrower.

Features of Punjab & Sind 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 or for capital expenditure needs for business expansion. 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
  • The maximum loan amount sanctioned under this loan scheme is Rs. 5 crore

For more details on this loan, please click anywhere on this sentence to get to its specific page.


Punjab & Sind Bank Mortgage Loan for Business

This loan helps businesses meet their needs by availing a loan against property. The immovable property must be located in metro, urban or semi-urban centres and property located in rural centre if it can be mortgaged for purposes other than agricultural use.

Features of PSB Mortgage Loan

Why this Loan?

  • The loan is meant for business owners who want to avail a loan against immovable property for meeting business or personal needs
  • The loan can be availed as an Overdraft facility (OD), Cash Credit, Term Loan, etc.
  • The maximum loan amount for the Punjab & Sind Bank Mortgage Loan is Rs. 2 crore

For more details on this loan, please click anywhere on this sentence to get to its specific page.


Important Note: Punjab & Sind 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

  • The interest rate for Punjab & Sind Bank Loans is defined as the sum of two factors, namely: one-year Marginal Cost of Funds based Lending Rate (MCLR) of PSB and Strategic Premium (SP) where SP depends on various factors including the type of business, tenure of loan, etc.

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 & Sind Bank Website: www.psbindia.com
  • Headquarters: New Delhi
  • Call Centre Toll Free Number: 1800 419 8300