| Particulars | PNB Bank MUDRA Loan |
|---|---|
| Loan Amount | Up to Rs. 10 lakh |
| Facility | Term Loan, Working Capital |
| Interest Rates | 8.50% to 9.75% |
| Tenure | Up to 7 years |
| Processing Fees | NIL |
Punjab National Bank Mudra Loan
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Step 2: Provide your personal details
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Step 4: Select the loan purpose and loan amount
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PNB MUDRA Loan at a Glance
Types of PNB MUDRA Loan Schemes
PNB e-MUDRA (SHISHU) Scheme
PNB Kishor & Tarun Scheme:
PNB WMS (Weaver MUDRA Scheme)
Punjab National Bank MUDRA Loan Eligibility Criteria
Individuals, proprietary concerns, partnership firms, association of persons (AOP), limited liability partnership (LLP) and companies are eligible for the PNB MUDRA Loan scheme. The eligible applicant should not be a defaulter to any bank/financial institution. The lender also offers the PNB Weaver MUDRA Scheme to handloom weavers having a satisfactory CIBIL score.
Punjab National Bank MUDRA Loan Documents Required
PNB e-MUDRA (SHISHU) Scheme
PNB Kishore and Tarun MUDRA scheme
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How Can I Apply for a Personal Loan Online?
Get up to ₹40 Lakh in 5 Simple Steps
Step 1: Enter your mobile number in the application form
Step 2: Provide your personal details
Step 3: Enter OTP to verify your mobile number
Step 4: Select the loan purpose and loan amount
Step 5: Compare offers and apply for the best-suited loan
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FAQs
Who is eligible for a Mudra loan in PNB?
Any individual, proprietary concern, partnership firm, company, LLP, AOP, or similar entity that is not a defaulter with any Bank or Financial Institution is eligible to apply for a MUDRA loan.
How much loan can I get with PNB e-Mudra?
PNB e-MUDRA offers working capital loans up to Rs. 50,000 for a tenure of 7 years.
What is the interest rate of the PNB Mudra loan?
The interest of the PNB MUDRA loan starts from 8.50% onwards.
What is the repayment period for PNB Mudra?
The repayment tenure of PNB MUDRA loans goes up to 7 years.
How to apply for a PNB Mudra loan online?
To apply for a PNB MUDRA Loan, applicants can visit either the official PNB website or the official Gov. website of PMMY.
Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
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