Punjab National Bank is a banking and financial services company that caters to the individuals, as well as business proprietors to expand their businesses and enterprises. Punjab National Bank comes with a wide range of business loan options to meet the financial requirements of individuals and enterprises. PNB offers MSME loan interest rate that starts from 8.25% onwards , which is set at PNB’s one year MCLR. Interest rates may vary as per the loan amount, loan tenure, occupation, credit history and type of loan availed.
The basic loan amount, interest rate and various charges applicable in the PNB business loan are as follows:
| PNB Business / MSME Loan Interest Rate | |
|---|---|
| Interest Rate | 8.25% onwards |
| Loan Amount | Min. Rs. 50,000 and Max. Rs. 50 lakh |
| Repayment Tenure | Max. up to 5 years |
| Pre-payment charges | 2% on the outstanding pre-paid |
| Charges for late payment of EMI | 2% to 4% per month on EMI/principal |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank, NBFC and RBI. GST and service tax shall be levied extra on the mentioned fee & charges.
