PNB Vyapaar Loan Program: Know the target groups, loan amount, term, interest rate and other details here


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PNB Vyapaar program: The Punjab National Bank (PNB) has warned its clients not to borrow from the informal sectors. The national bank advised to seek financial assistance from the formal sector and for this ‘PNB Vyapaar’ may be an option. Interested customers can get more details by logging into the official PNB website at pnbindia.in.

See Zee Business Live TV Streaming below:

PNB recently tweeted from its official Twitter account on PNB Vyapaar for taking out loans. The tweet read: “Don’t get on the road, choose the formal sector to take out loans. To learn more visit: tinyurl.com/4ka6wfsh. Let’s make a pledge of integrity at: tinyurl.com/9uxx5umb and share the screenshot of your certificate engagement with us. “

Goals

From now on, PNB customers should know about PNB Vyapaar. It should be noted that the Vyapaar GNP is intended to finance the working capital needs of retail and wholesale traders, distributors / agencies that trade in goods / products (indigenous or imported). The advance should be considered for genuine business transactions and should not be used for hoarding or speculation.

In addition, the objective of PNB Vyaapar is also to finance traders for the purchase / construction of shops and exhibitions / delivery vans / acquisition of assets for furnishing of shops and rooms. exhibition such as partitions, fittings, furnishings, the purchase of equipment such as air conditioners, refrigerators and others.

Eligibility

The target groups for this loan include:

1) Business entities which are individuals, companies, corporations, limited liability companies (LLP), cooperative societies, carrying out commercial activities.

2) Entities having a valid registration / license, if any, under local laws (Stores and Establishments Act) obtained from the relevant authorities / GST Registration (if applicable).

3) Existing units must be profitable.

4) New units may be permitted to use the facility subject to compliance with the safety clause and other conditions of the scheme.

Loan limit

Interested clients should note that the types of facilities available are – cash credits (fund-based and non-fund-based). The maximum loan amount is given based on need and for a minimum amount, loans larger than the note size of Rs.10 lakh can be considered under this program.

Mandate

For the working capital loan, the limit will be renewed each year and the term of the term loan can be up to 10 years, including a maximum moratorium period of six months. Interest during the moratorium period will be paid as it falls due.

Interest

PNB customers should note that interest will be in accordance with bank policy.

For more details, interested customers can connect to the official PNB website at pnbindia.in.

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