Punjab National Bank (PNB) is an Indian multinational bank that offers banking and financial services to its customers nationwide. Amongst the various services provided by the bank, PNB Mudra Loan is one of the primary products offered to MSMEs. The PNB Mudra loan is offered to Micro Small Medium Enterprises (MSMEs) engaged in non-farm based enterprises that are engaged in manufacturing, trading, or service sectors. Moreover, applicants in non-farm based activities, such as animal rearing, dairy can also avail PNB Mudra loan.
|PNB Mudra Loan under PMMY – 2020|
|Interest Rate||10% onwards (MCLR 7.75% + 2.25%)|
|Maximum Loan Amount||Rs. 10.00 lakh|
|Tenure||Up to a max. of 5 years|
|Collateral / Security||Not required|
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 charges.
PNB 1 year MCLR as on 31 May 2020 is 7.75%