PNB Bank Loan Scheme 2024: Often, whenever we need more money at once, we take a loan from the bank. It is not possible for the general class families to have a large amount available at once. In such a situation, if they have to do some big work like getting a car or building their own house, then they do not have enough money available.
In such a situation, the middle-class family considers it right to take a loan. But while taking a loan, you have to keep some things in mind from which bank you are getting a loan at a lower interest rate, how much time is being given to you to repay the loan, what is the processing fee, etc.
You can take a loan of 50000 to 5 lakhs from Punjab National Bank
Today we are talking about Punjab National Bank Loan Yojana. If you have started a business and you do not have enough national to take it forward, then you can apply for PNB Kishor Mudra Loan. This scheme is offered by Punjab National Bank under PM Mudra Loan Scheme.
Its interest rate starts from only 9.15% per annum. Under this loan scheme, you can take a loan of 50 thousand to 5 lakh rupees for business expansion. In such a situation, it is an effective scheme to take your business forward.
This is the interest rate for the loan
If we talk about the interest rate of the Punjab National Bank Mudra Loan Scheme, then the interest rate of this loan starts from only 9.15% per annum which can be a maximum of 12%. This loan is made available to the customers on the basis of their job profile and credit history and the interest rate is also applicable on this basis.
The payment period of the PNB Kishor Mudra Loan is a maximum of 3 years, but according to some policies, the applicant can get a relaxation of 2 years. On the other hand, if you take a loan of up to Rs 10 lakh under Tarun Loan from this bank, then you get a payment period of 7 years.
Eligibility required for taking a loan
- Any individual, private limited company, sole proprietorship, or partnership firm will be eligible to apply for a PNB Kishor Mudra loan.
- The applicant should not be a defaulter in any bank or financial institution.
- The applicant can apply for the PNB Kishor Mudra Loan Yojana for a business related to service, production, or trading sectors.
- Agriculture-related businesses such as fish farming etc. are also covered under this loan.
- For the PNB Kishor Mudra loan, it is necessary that the applicant’s business is already established and running well.
- Businessmen aged 18 years or above will be eligible to apply for a PNB Kishor Mudra loan.
Documents required for the scheme
- ID card
- Address proof
- 2 passport-size photographs
- Proof of minority, if applicable.
- Bank account statement for the last 6 months
- Quotation of machinery for business etc.
- Un-audited balance sheet of last 2 years
- Sales and income tax returns etc.
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How to apply online for a loan?
- To apply online for the PNB Kishor Mudra Loan, first, you have to go to the official portal of PNB.
- After going to the main page of the portal, you have to go to the “Loan” section and click on “Mudra Loan”.
- Now a page will open in front of you in which you will get all the information related to Mudra Loan.
- Here you have to click on the option of “Apply Online”.
- Now a new page will open, in this you have to select the option of “PNB Kishor Mudra Loan”.
- After this, the application form for the scheme will come.
- In this, you have to enter all the information.
- After giving all the information, you have to take a printout of this form and attach all the documents asked for with it.
- Now you have to submit your form to the nearest Punjab National Bank branch.
- After this, your application form and all the documents will be checked by the bank officer.
- If everything is found correct, your loan will be approved.
FAQs -:
1. How much loan can I get from Punjab National Bank?
Punjab National Bank offers personal loans up to Rs. 20 lakh at a starting interest rate of 10.40% per annum and the tenure is up to 7 years.
2. How much interest is available on Rs. 1 lakh from PNB BANK?
Punjab National Bank FD interest rates start from 3.50-7.25% per annum and 4.00-7.75% per annum for senior citizens. These interest rates are applicable for tenures ranging from 7 days to 10 years. Punjab National Bank also offers tax-saving FDs and special FD schemes for NRIs.
3. How much loan can I get on the mark sheet?
Loans on 10th and 12th mark sheets usually range from Rs. 50,000 to Rs. 1.5 lakh. The loan amount depends on your educational qualification, institute, course, and other factors.
