PNB Working Capital Loan

I am planning to open an account in the PNB Bank and want to know details about the PNB Working Capital Loan. Will you tell me what the Eligibility for PNB Working Capital Loan along with Loan Amount also provides me other details about this?

[Kiran Chandar]

PNB with more than 120 years of strong existence and a network of 6564 branch offices including 3 foreign branches & One Offshore Banking Unit, 8348 ATMs as on Mar’15, Punjab National Bank is serving more than 9 crore esteemed customers.

PNB extends assistance to self-employed persons, firms and joint ventures of such professional persons engaged in professions such as:

Medical practitioners including:
Dentists
Chartered accountants
Cost accountants
Company secretaries

Eligibility for PNB Working Capital Loan:

Persons already practicing or new entrants in various professions, having licenses issued under Central or State Legislations;
Associations of persons engaged in a single profession provided that each member of such an association is qualified and duly licensed to practice in the profession; and
The qualified professionals will be required to produce a certified copy of the license for the record at the ban

Loan Amount:

Metro/ Urban S.Urban/Rural Area
1. Medical practitioners Rs 5.00 lac Rs 10.0 lac
2. Other professionals Rs 5.00 lac Rs 5.00 lac

Security

Hypothecation/Mortgage of the goods purchased/created with the amount of loan till the final adjustment of bank's loan and interest thereon.
Collateral security by way of immovable properties or acceptable third party guarantee in case of advances above Rs. 25000/-

Repayment

Term Loan:

Loans up to Rs.50000/- 48 months
Loans beyond Rs.50000/- 60 months
Working Capital loans are renewable every year

Contact:

Toll Free No.
1800 180 2222
1800 103 2222
Tolled No. 0120-249000
Landline :011-23714562