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PSB Vyapar

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
  • Retail Traders/Wholesale Traders
  • Contractors
  • Professional and self employed
  • Micro, Small & Medium Enterprises Service/ Manufacturing concerns

(Borrowers satisfactorily engaged in trading/ business activity for a period atleast 1 year prior to seeking credit under the scheme and having earned cash profit during the period )

  • Newly Established Entity /Venture are also eligible for credit facilities under the scheme based on merits and on a case to case basis.
  • 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.
  • The property of following close relatives may be considered subject to becoming of their co-borrower in the facility
Spouse Father Mother Son Son’s Wife
Daughter Daughter’s Husband Brother Brother’s Wife Sister
Sister’s Husband Spouse’s Brother Spouse’s Sister Spouse’s Mother Spouse’s Father
Quantum of Finance Minimum: Above Rs 10 lacs,
Maximum: Rs 1000 lacs.
Quantum of Finance is subject to
  • MPBF can be upto 20% of the projected turnover subject to the condition that projected turnover shall not exceed 25% annual turnover of the previous year. Or, Maximum Permissible Bank Finance can be upto 25% of the actual turnover.
  • MPBF is subject to maximum of 65% of realizable value of immovable property.
  • Security in the form of NSCs (Margin 25%) /Bank’s Own Deposits (Margin 10%) /LIC Policies (Margin 10%) may be taken to supplement the overall security requirements.
Rate of Interest Click here
Processing charges:  Click here
   
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.
Guarantee Personal guarantee of owners of property, spouse/ major son of prop., directors/partners
Concession in ROI for MSMEs Only
  • Concession of 1.00% in RoI for cases, where realizable value of security offered as primary security to the credit facility is available to the tune of 200% or more.
  • 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. 
The maximum concessions in RoI under any of the Scheme shall not exceed 1.25% in any case.

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“Compare and Shop is a Service provided by Cheggout Services Pvt Ltd for Punjab and Sind Bank customer(s). Punjab & Sind Bank is providing this as a value added service. Punjab and Sind Bank does not guarantee or warranty or make any representation about the usefulness, worthiness and/or character of the product/service and/or discount or benefit.”

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