Purpose | WC for maintaining stocks of Agri inputs like Seeds, fertilizers, pesticides, Cattle Feed / Poultry Feed / Dairy Feed |
Eligible | Commission Agents (Arthias) / Dealers / Distributor / Stockist for distribution |
Extent of Limit | Rs.5lakh to 200Lakh through WC/ODP |
Margin | for WC - Stock 25%, against bookdebt 35%, for ODP – 35% |
Charges & fee | Upto 3 lakh - NIL |
ROI | Click Here |
Repayment | WC – on demand or Operative limit for 12 months, subject to annual renewal |
Security / Guarantee | Suitable Collateral Security & Suitable guarantee of third party/((ies) be taken. |
Eligible | Any Indian Citizen who has a business plan for an income generating activity |
Quantum of Finance | upto Rs.10 Lakh |
Margin | for Shishu category – 10%, for other – 25% |
Charges & fee | Click Here |
ROI | upto 5lakh – EBLR (7%), above 5 to 10lakh – EBLR (7.85%) |
Security / Guarantee | NIL |
To apply | https://punjabandsindbank.co.in/module/sme-loan-application |
Eligibility | Any Individual (SC/ST or Women) or Enterprise (shareholding 51% to SC/ST or Women) for setting up a Greenfield enterprise. |
Quantum of Finance | Composite loan (TL + WC) from Rs.10 Lakh to Rs.100 Lakh |
Margin | 25% |
ROI | Click Here |
Repayment | Max. 7 year with max. 18-month moratorium |
Security / Guarantee | Suitable non encumbrance property, also covered under NCGTC |
Borrower | Individual(s) / Sole Proprietorship / Partnership firm/ HUF/ Joint Stock Company or any other entity engaged in activities covered under MSME. |
Purpose | To meet the temporary liquidity mismatch. |
The customers having availed fund based working capital facility from our Bank are only eligible under this scheme. |
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Quantum of Finance | Max. up to 25% of the existing working capital limit (FBWC+NFBWC) up to Max of Rs.1.25 Crore |
Margin | NIL |
ROI | Click Here |
Repayment | maximum of 12 Months |
Processing Fees | NIL on the proposed limit |
Eligibility |
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Object | To generate employment opportunities in rural as well as urban areas of the country through setting up of new self-employment ventures/projects/micro enterprises. |
Quantum of Finance |
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Margin | General Category – upto 10%, Special Category – upto 05% |
ROI | Normal rate of Interest applicable |
Repayment | <3 to 7 years |
Security | No collateral security will be insisted upon by Banks in line with the guidelines of RBI for projects involving loan upto Rs.10 lakh |
Subsidy | General Category – upto 25%, Special Category – upto 35% |
Apply online | https://www.kviconline.gov.in/pmegpeportal/jsp/pmegponline.jsp |
Purpose | For purchase of New Commercial Vehicles like, Buses, Trucks, Tankers, Tempos, Taxi, Four/ Three wheelers, and any other vehicles of mass transportation subject to the condition that the vehicle is approved by the competent authority for commercial purposes. |
Eligibility |
Individuals, proprietorship/partnership firm/ Limited company, trust, society, associations owning and operating or proposing to own and operate transport vehicles for carrying passengers or goods on hire. The borrower (s) either hold the necessary driving license or engage driver (s) possessing valid license to operate the type of vehicle for which credit is sought. The borrower (s) should have been granted a permit by an appropriate authority to ply vehicle(s) for passengers or goods traffic for hire. |
Quantum of Finance |
80% of the cost of vehicle (pre-assembled/ cost of chassis/ cost of body/ cost of chassis & cost of body), onetime Registration Charges & Road Tax, and Insurance Charges. Maximum limit that can be sanctioned under the scheme is Rs 2.00 Crore. |
Margin |
20% margin on cost of vehicle (pre-assembled/ cost of chassis/ cost of body/ cost of chassis & cost of body), onetime Registration Charges & Road Tax, and Insurance Charges. The borrower should bring in the required margin money. |
DSCR | Minimum Net DSCR (debt service coverage ratio) requirement shall be 1.25:1 |
Rate of Interest | Please click here For rate of interest |
Processing Fee | Please click here For Processing fee |
Repayment of Loan |
Moratorium Period: Maximum 3 Months from the date of disbursement of loan. Loan to be repaid in Equated Monthly Instalments (EMIs) in Maximum 5 Years(exclusive of moratorium period, if any) |
Primary Security | Hypothecation of the vehicle to be purchased. |
Collateral Security |
Loan amount up to Rs. 10 lakhs: Collateral Security is not required. Loan amount above Rs.10 lakhs upto Rs.25 lakhs:
Loan amount above Rs.25.00 lakhs:
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Guarantee |
Guarantor should enjoy good reputation in the market/field along with networth of atleast 200% of loan amount.
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Prepayment Charges | The borrower may opt to prepay / adjust the loan from his own verifiable legitimate sources or genuine sale without attracting any penalty, except take-over of the loan by other bank/ FI/ NBFC, which would attract prepayment @1% of the balance loan amount. |
Penal Interest | @ 2% over and above the contracted rate shall be charged for any default in repayment on loan installment as per fixed repayment schedule. |
Eligibility | Medical Practitioners registered with statutory bodies like, MCI, DCI, CCIM, CCH etc. and having minimum qualification MBBS/BDS/BPT/ BAMS or equivalent professional degree. |
Constitution of borrower | Individual, Joint borrowers, Proprietorship, Partnership, LLP, Company (Pvt /Public ltd), Hospitals which are being run /managed by Trusts / Institutions and concerns where majority of share holding is by qualified medical practitioners. |
Purpose | Setting up/ acquiring/ construction/ Expansion/renovation of clinics, Hospitals/ Pathological/ Clinical Labs, Diagnostic Centers/ Physiotherapy centers, Nursing Homes, etc. including furniture fixture, medical equipments and for purchase of vehicles, ambulances/lifesaver ambulances, etc. |
Quantum of loan |
Minimum: Rs 5 lakhs : Rs. 500 lakhs Working capital facility is restricted to maximum 5% of the Term Loan facility sanctioned ‘or’ Rs 10 lakhs whichever is lower. The maximum quantum should not exceed Rs 500 lakhs in case of composite facility i.e. Term Loan & Working Capital. |
Assessment of finance | Working Capital Limit:
For running units, WC is fixed based on the 75% of Revenue Expenditure of previous year as per audited balance sheet. For new units, WC is fixed based on the 60% projected Revenue Expenditure. DP is derived on the basis of 75% of stocks/ 60% book debts. Term Loan: 75% of the cost of assets purchased ‘or’ 65% for purchase/ construction/ expansion/ renovation/ modernization of premises. Minimum Net DSCR (debt service coverage ratio) :- 1.25:1 |
Margin |
25% for purchase of equipment/ machinery/ vehicles etc. 35% for acquisition of premises and/ or expansion/ renovation/ modernization of existing premises. 25% on stocks 40% on book debts. |
Security | Primary Security for Term Loan:
Primary Security for Working Capital facility: Hypothecation of stocks/ book debts Collateral security:
However, for loans sanctioned for acquiring premises for opening of Hospitals/ Labs/ Clinics etc. borrower to submit suitable collateral equivalent to the Sanctioned amount for the intervening period till valid mortgage of the property financed is created in Bank’s favour. |
Rate of Interest | Please click here For rate of interest |
Processing fee | Please click here For Processing fee |
Penal interest | @ 2.0 % over and above the normal rate shall be charged on the amount of default, in case of delay / default in payment of instalment / interest. |
Guarantee |
Loan upto Rs. 200 lakhs: No guarantee required, if covered under CGTMSE. In all other cases, guarantee of Spouse/ major sons/ partners/ directors/ trustees/ suitable third party is required. Personal guarantee of partners/directors is required in all cases irrespective of coverage under credit guarantee scheme. If owner of the mortgaged property is other than borrower, the guarantee of property owner is equired. Guarantor should enjoy good reputation in the market/field along with networth of atleast 200% of loan amount |
Repayment |
For Term Loan Repayment Period:Loan to be repaid in Equated Monthly Instalments (EMIs) in Maximum 7 Years (inclusive of moratorium period, if any). Moratorium Period: a) Maximum 2 years including construction period in case of new construction of business premises financed by bank. b) In all other cases maximum moratorium of 1 year may be allowed by the Bank based on the justification and merits of the case. For Working Capital facility: Repayable on demand. Credit facility is subject to annual renewal. Interest to be serviced as and when due. |
Prepayment | The prepayment facility is allowed without any charges but not within one year of the loan availment. On pre-closure within one year of sanction, prepayment penalty @1 % of the sanctioned amount to be charged. |
Additional Benefits | Locker Rent Concession: 50% concession on locker rent for self and spouse for first two years, who avail loan under this scheme. |
Purpose | This is an all purpose credit facility i.e. to meet legitimate need based expenses viz- marriage /medical /educational expenses / repairs / renovation / extension to the residence / commercial property/ purchase of consumer durables or any unforeseen expenses, and also for investment in business, to meet credit needs of trade, commercial activities, other bona fide requirements of business/ profession | |||||||||||||||
Eligibility |
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Quantum of Finance | Minimum: Rs 5 lacs Maximum Rs.500 lacs, (With deviations maximum finance can be upto Rs 1000 lacs) | |||||||||||||||
Quantum of Finance is subject to |
For salaried persons: Maximum 10 times of average net annual income based on salary slip (last 12 months)/ latest Form No.16 or ITR. For others: Maximum 10 times of average net annual income based on ITR for last 3 Financial Years.
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Rate of Interest |
Term Loan facilities (For MSME): 1 year MCLR + 2.50% Term Loan facilities (for others): 1 year MCLR + 2.75% Overdraft facilities (For MSME): 1 year MCLR + 2.25% Note: For loan/limit above Rs 500 lacs, applicable rate of interest shall be 50 bps over the above mentioned rates. |
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Processing Charges: |
For Term Loan:@1% of the loan amount with Minimum of Rs.2000/- For Overdraft Facility:@0.50% of limit sanctioned and to be collected on sanction and at the time of renewal every year. |
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Concessions during Festival Bonanza Scheme from 21.09.2017 to 31.03.2018: For TL facilities:Concession of 50% on the applicable processing charges , For Overdraft facilities: Concession of 50% on the applicable processing charges on the limit sanctioned at the time of sanction only. However, the normal processing charges (i.e. without the above said concession) shall be applicable at the time of renewal every year | ||||||||||||||||
Repayment |
For Term Loan:Maximum 10 years For Overdraft Facility:Repayable on demand. The limit once sanctioned will hold good for 3 years. The overdraft facility is not allowed for salaried class borrowers. |
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Guarantee | Not Mandatory | |||||||||||||||
Concession in ROI for MSMEs Only |
Concession of 0.25% in RoI for cases, where external credit rating is 1 to 4 by SMERA, ICRA, ONICRA or CRISIL Concession of 0.25% in RoI if account is classified under Priority Sector Advances. |
Purpose | For the working capital/any business purpose requirements of the business concern.And also, for the construction of shop in the pre-owned land or for purchase of ready built shop/ commercial space for business | |||||||||||||||
Eligibility |
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Quantum of Finance |
Minimum: Rs 5 lacs, Maximum: Rs 500 lacs. (For purchase/construction of shop maximum finance is Rs 200 lacs) (With deviations maximum finance can be upto Rs 1000 lacs) |
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Quantum of Finance is subject to |
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Rate of Interest |
WCTL repayable upto 5 years: 1 year MCLR + 2.25% TL repayable upto 10 years: 1 year MCLR + 2.75% For Overdraft facilities: 1 year MCLR + 2.00%. Note:For loan/limit above Rs 500 lacs, applicable rate of interest shall be 50 bps over the above mentioned rates. |
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Processing Charges: |
For TL/WCTL facilities: @1% of the loan amount with Minimum of Rs.2000/- For Overdraft Facilities: @ 0.50% of limit sanctioned and to be collected on sanction and at the time of renewal every year. |
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Concessions during Festival Bonanza Scheme from 21.09.2017 to 31.03.2018: For TL/WCTL facilities: Concession of 50% on the applicable processing charge, For Overdraft facilities: Concession of 50% on the applicable processing charge on the limit sanctioned at the time of sanction only. However, the normal processing charge (i.e. without the above said concession) shall be applicable at the time of renewal every year. | ||||||||||||||||
Repayment |
Term Loan:Repayable in maximum upto 10 years, including moratorium period of maximum of 12 M Working Capital Term Loan: Repayable in maximum upto 5 years, subject to annual review. Overdraft Facility: Repayable on demand. Interest shall be recovered immediately when due. |
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Guarantee | Personal guarantee of owners of property, spouse/ major son of prop., directors/partners | |||||||||||||||
Concession in ROI for MSMEs Only |
The maximum concessions in RoI under any of the Scheme shall not exceed 1.25% in any case. |
Purpose | To provide timely, hassle-free and adequate credit delivery to meet the liquidity mis-matches and expenses incurred on activities like R&D, Product Development, Marketing and Branding, stocking the seasonally available raw material etc. | |||||||||||||||
Eligibility |
Credit facility against agricultural property is strictly not permitted. Credit facility shall not be permitted against security of immovable property wherein Educational/ Religious Institutions are located. Vacant land may preferably be not taken as security under the scheme.
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Quantum of Finance | Minimum: Rs 10 lacs Maximum Rs.500 lacs | |||||||||||||||
Quantum of Finance is subject to |
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Rate of Interest |
Term Loan facilities repayable upto 5 years: 1 year MCLR + 1.85% Term Loan facilities repayable above 5 years: 1 year MCLR + 2.05% For Overdraft facilities: 1 year MCLR + 1.60% |
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Processing Charges: |
For Term Loan: @1% of the loan amount with Minimum of Rs.2000/- For Overdraft Facility: @ 0.50% of limit sanctioned and to be collected on sanction and at the time of renewal every year. |
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Concessions during Festival Bonanza Scheme from 21.09.2017 to 31.03.2018: For TL facilities: Concession of 50% on the applicable processing charge, For Overdraft facilities: Concession of 50% on the applicable processing fee on the limit sanctioned at the time of sanction only. However, the normal processing charge (i.e. without the above said concession) shall be applicable at the time of renewal every year. | ||||||||||||||||
Repayment |
For Term Loan: Maximum upto 7 years. For Overdraft: Repayable on demand. Interest shall be recovered immediately when due. |
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Guarantee | Personal guarantee of owners of property, spouse/ major son of prop., directors/partners | |||||||||||||||
Concession in ROI for MSMEs Only |
The maximum concessions in RoI under any of the Scheme shall not exceed 1.25% in any case.
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Purpose |
a) Working capital: Fund Based & NFB facilities limits to meet day to day requirement / materials / labour payment / statutory payments. b) Term Loan: For purchase of Plant & Machinery / Equipment / Transport Vehicles to be used for the execution of contract work. c) Bank Guarantee: For bidding of tenders, mobilization of advance money, performance of the contract, guarantee in favour of Central / State Govt & its various departments and reputed Pvt. / Ltd. companies, guarantee for release of retention money. |
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Eligibility |
MSME units engaged in the Contractor/ Subcontractor activity. Sub-contractors executing work on behalf of main contractors are also eligible under this provided sub letting is through registered agreement and all required permission and licenses / registration are available. Borrowers can be Individual(s) / Sole Proprietorship / Partnership firm/ HUF/Joint Venture/Joint Stock Company or any other entity engaged in this line of activity. |
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Nature of Credit facility |
Working Capital facility: Overdraft against property (ODP). Term Loan Non Fund: Bank guarantee |
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Quantum of Finance |
80% of the realizable value of the property mortgaged |
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Rate of Interest |
For Overdraft facilities: 1 year MCLR + 2.00% For Term Loan facilities repayable upto 10 years: 1 year MCLR + 2.75% |
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Security | Equitable mortgage of immoveable property . 80% of the realizable value of the property mortgaged | ||||||
Repayment |
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Processing charges: |
For Term Loan/ Working Capital Term Loan: @1% of the loan amount with minimum of Rs.2000/-. For Overdraft Facility/ BG: @ 0.50% of limit. |
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PSB Flexi Term Loan
Type of facility | PSB Flexi Term Loan is a pre approved term loan, bundled with PSB Contractor Plus, with an aim to provide term loan assistance to contractors in a smooth and hassle free manner. |
Eligibility | All MSME credit constituents having satisfactory credit history of minimum 1year with bank and having working capital facility backed by property as primary or collateral.PSB flexi term loan will be sanctioned with working capital limit under PSB Contractor Plus of Rs.1.00 Crore and above. |
Purpose | Term loan for purchase of machinery, equipment, commercial vehicles, furniture & fixture. |
Quantum of Finance | Term loan of maximum 25% of the working capital limit. |
Margin | 25% |
Repayment Period | 5 years (60 EMI). |
Processing Charges | One time charges of 1.00% at the time of disbursement. |
Rate of Interest | One Year MCLR + 2.00% |
Purpose | Loans to individuals for productive (agriculture/allied activities, micro & small enterprises etc.) and consumption purposes against the security of Gold jewellery/Ornaments and Gold Coins. | ||||||
Eligibility | Fully KYC Compliant Customers including staff members and ex-staff and their family members. | ||||||
Nature of Credit facility | 1) Demand Loan 2) Term Loan | ||||||
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Scale of Finance | 75/65% of value of gold ornaments/jewellery arrived at the rate per gram of gold notified by the Bank on daily basis. | ||||||
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Processing charges: |
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Purpose | To provide hassle free credit to meet working capital requirements related to business activity or for expansion of business. | ||
Eligibility |
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Nature of Loan | Cash Credit | ||
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Margin | NIL | ||
Collateral Security | CGTMSE guarantee coverage of upto 50% under hybrid model or Minimum 100% Collateral security in the shape of SARFAESI enforceable immovable property or Bank approved liquid security. | ||
ROI | EBLR based. Effective Rate of Interest - 8.40%* | ||
Repayment | One Year. However, limit to be renewed annually. |
Purpose | To assist self-employed professional persons, firms, associations and joint ventures of such professional persons having professional degree/diploma/certification. | |||
Eligibility | Professionals in any discipline viz. Engineers, Architects, Interior Designers, Fashion Designer, Photographers, Financial Consultants (CA/ICWA/CS/CFA), Advocates and specialized qualified service providers. | |||
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Margin | 25% | |||
Collateral Security | Credit guarantee Scheme or 100% Collateral Security in the shape of immovable property/liquid security. | |||
ROI | EBLR based. Effective Rate of Interest - 8.00%* |
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ROI |
EBLR Based RoI*:
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Purpose | For financing various stakeholders engaged in healthcare activities for meeting their working capital requirement and acquisition of fixed assets.. | ||
Target Group | Hospitals/ Nursing Homes, Manufacturers/Suppliers of healthcare products, Logistic firms, Diagnostic Centres, Importers of vaccines and Covid related drugs.etc. | ||
Nature of Loan | Term Loan, Cash Credit, Bank Guarantee, Letter of Credit. | ||
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Margin | Margin requirement upto facility of Rs. 2 Crores:
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ROI |
EBLR Based RoI*:
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Collateral Security & Margin |
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