PNB Business Loan Interest Rate Calculator - Dec 2016

PNB Business Loan Interest Rates

Last Updated 08th Dec 2016
Self Employed
Interest Rate 12.60% - 15.60%
Lowest EMI Rs. 2,255 per lakh
Tenure From 12 months to 60 months
Loan Amount Min Rs. 50,000 and Max Rs. 1,500,000
Processing Fee 1.8% + taxes
Part Prepayment, Charges Nil prepayment charges
Early Foreclosure, Charges Nil prepayment charges
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PNB Business Loan

PNB gives the facility of business loan to the people who need finance to expand their business. There are some benefits of taking business loan from PNB:
  • You can prepay part of your loan anytime after paying 1% prepayment charges
  • You can foreclose your entire Business loan anytime after paying the forclosure charges
  • PNB has over 6,352 branches in India where you can avail service

Business Loan PNB

Business loan interest rates offered by PNB are fixed as well as floating
  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in PNB benchmark rate and should be chosen only if you believe that the rates will not hike in future
  • In contrast to this are floating rates which changes with a single change in PNB benchmark rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates
PNB Business Loan Interest Rate depends upon
  • Loan amount: Business loan rate in PNB depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • CIBIL Score: PNB offers business loan at higher interest rate if your CIBIL score is poor or vice versa
  • Monthly Revenue: PNB will avail you business loan at lower interest rate if you have higher monthly revenue
  • Time in Business: PNB offers business loan at lower rates if you are doing business since long time

Business Loan Charges

Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. PNB allows prepayment of business loan after paying 0 EMI’s with prepayment charges
Processing Fee- PNB asks for a processing fee of 1.8% + taxes of loan amount with applicable service tax

PNB Business Loan EMI Calculator

Business Loan EMI is a fixed amount that you pay each month towards the repayment of your business loan till the end of tenure. Lowest EMI offered by PNB is 2,255 per lakh loan amount. Business loan EMI of PNB depends on factors like:
  • Interest Rate: Higher the interest rate, higher will be the EMI. For a 60 months business loan from PNB at interest rate of 12.60% per annum, EMI will be Rs. 2,255 per Rs. one lakh loan amount. At interest rate of 15.60% for the same loan, the EMI will be Rs. 2,411
  • Loan tenure: Longer the loan tenure, lesser your monthly EMI. At interest rate of 12.60% per annum, the EMI on PNB business loan would range from Rs. 8,913 to Rs. 2,255 for loan tenure ranging from 12 to 60 months
  • Amount Borrowed: PNB Loan EMI will be high if you apply for a high loan amount. For amount borrowed 50,000, the EMI at 12.60% for 60 months would be 1,127. Similarly for amount borrowed 1,500,000, the EMI at 12.60% for 60 months would be 33,823.

What are the benefits of calculating business loan EMI?

  • Business loan EMI calculator of PNB helps you to calculate your monthly EMI at different rate of interest
  • PNB EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly
Estimated EMI online by using EMI Calculator.

PNB Business Loan Eligibility Calculator

Business loan eligibility criteria PNB

Eligibility of Business loan in PNB relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
  • Profitability: Business loan eligibility significantly depends upon profitability status and future prospects of your business.
  • Business Stability: Future business prospects and its stability is important to improve your eligibility for business loan.
  • CIBIL Score: When checking eligibility for business loan, PNB will look at the complete CIBIL report. PNB will check your repayment history for all current and past loans and credit cards.

Business Loan PNB documents required

  • Address proof of individual: Aadhar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills.
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhar Card, Voter’s ID Card
  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI

Compare PNB Business Loan

PNB Business Loan in India

PNB Business Loan Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 011-23318130,
Ahmedabad 011-23318130,
Ambala 011-23318130,
Anand 011-23318130,
Aurangabad 011-23318130,
Bangalore 011-23318130,
Bhilai 011-23318130,
Bhilwara 011-23318130,
Bhiwadi 011-23318130,
Bhopal 011-23318130,
Bhubaneswar Cuttack 011-23318130,
Bikaner 011-23318130,
Chandigarh 011-23318130,
Chennai 011-23318130,
Cochin 011-23318130,
Coimbatore 011-23318130,
Dehradun 011-23318130,
Delhi 011-23318130,
Durg 011-23318130,
Faridabad 011-23318130,
Gandhinagar 011-23318130,
Ghaziabad 011-23318130,
Goa 011-23318130,
Greater Noida 011-23318130,
Gurgaon 011-23318130,
Guwahati 011-23318130,
Gwalior 011-23318130,
Hyderabad 011-23318130,
Indore 011-23318130,
Jabalpur 011-23318130,
Jaipur 011-23318130,
Jalandhar 011-23318130,
Jodhpur 011-23318130,
Kanpur 011-23318130,
Karnal 011-23318130,
Kolhapur 011-23318130,
Kolkata 011-23318130,
Kota 011-23318130,
Kozhikode 011-23318130,
Lucknow 011-23318130,
Ludhiana 011-23318130,
Madurai 011-23318130,
Meerut 011-23318130,
Mehsana 011-23318130,
Mohali Sas Nagar 011-23318130,
Mumbai 011-23318130,
Mussoorie 011-23318130,
Nagpur 011-23318130,
Nashik 011-23318130,
Noida 011-23318130,
Noida Extn. 011-23318130,
Panipat 011-23318130,
Patna 011-23318130,
Pondicherry 011-23318130,
Pune 011-23318130,
Raipur 011-23318130,
Rajkot 011-23318130,
Ranchi 011-23318130,
Rohtak 011-23318130,
Roorkee 011-23318130,
Salem 011-23318130,
Shimla 011-23318130,
Sonepat 011-23318130,
Surat 011-23318130,
Trichy 011-23318130,
Udaipur 011-23318130,
Vadodara 011-23318130,
Varanasi 011-23318130,
Vijaywada 011-23318130,
Vizag 011-23318130,
PNB Business Loan News - Dec 2016
07th Dec 16 PNB partners with Ola to deploy mobile ATMs
Punjab National Bank has announced partnership with Ola (Cab aggregators) to facilitate cash withdrawal to citizens via mobile ATM machines. The bank will deploy mobile ATM machines in Ola cabs that will initially target the area around Delhi and NCR.
01st Dec 16 Punjab National Bank reduces its MCLR up to 10 bps
Punjab National Bank has reduced its overnight and six months marginal cost of lending rates to 8.90 and 9.10 percent from 9 and 9.20 percent earlier. Minimum MCLR rates for one year and five year tenure are also reduced by 10 basis points to 9.15 and 9.45 percent from 9.25 and 9.50 percent respectively. New rates are effective from 1st December, 2016.
11th Nov 16 PNB to calibrate their 10,000 ATMs by the end of the month to disburse new notes
Punjab National Bank plans to adjust their 10,000 ATM machines to disburse new currency notes of Rs. 500 and Rs. 2,000 by the end of the month. The step is taken after Prime Minister announced the demonetization of Rs. 500 and Rs. 1,000 notes to remove black money from the economy.
07th Nov 16 PNB net profit falls by 11.5 percent in July to September quarter, bad loan rises
Punjab National Bank reported a decline in its net profit by 11.5 percent in July to September quarter due to rise in bad loans. The net profit fell to Rs. 549.36 crores as compared to Rs. 621.03 crores in same quarter of last year. Provision for bad loans increased by 34.6 percent to Rs. 2,534 crores from Rs. 1,882 crores in same period last year.
03rd Nov 16 Punjab National Bank organizes Grahak Sammelan in Bhopal
Punjab National Bank organized Grahak Sammelan programme under its vigilance awareness week. The awareness week is being held from 31st October, 2016 to 5th November, 2016 and aims at promote honesty and eliminate corruption by public support.
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