PNB Business Loan Interest Rate Calculator - Oct 2016

PNB Business Loan Interest Rates

Last Updated 20th Oct 16
Get upto Rs 2,500/- Cashback*
Terms & Conditions Apply*
Apply Online
PNB Business Loan
PNB Business Loan 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
Apply Business Loan Online

I authorize MyLoanCare, its partners to contact me. This over rides my number being in NDNC registry

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

PNB business loan interest rate is the rate which you pay over the loan amount that you have borrowed from the bank. 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
  • PNB business 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

PNB Business Loan Charges

PNB Business Loan 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
PNB Business Loan 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. PNB business loan EMI 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 business 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?

  • EMI calculator of PNB Business loan helps you to calculate your monthly EMI at different rate of interest
  • PNB Business loan 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 Business Loan 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 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

Comparison of PNB Business Loan with other banks

PNB Business Loan in India

PNB Business Loan Customer Care Number, Email, Application Status

Contact Details of PNB Business Loan 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,
*My Finance Care Advisors Pvt. Ltd., or is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
PNB Business Loan News - Oct 2016
27th Oct 16 Punjab National Bank reduces lending rates by 0.05 percent from November 1st, 2016
Punjab National bank has reduced their Marginal Cost Lending Rates (MCLR) by 0.05 percent. The one year MCLR has reduced to 9.25 percent. The three and five year MCLR has reduced to 9.40 percent and 9.55 percent. Similarly, the overnight and three months MCLR has reduced to 9 percent and 9.15 percent. These rates will be effective from 1st November, 2016.
17th Sep 16 Haryana Government to provide housing, vehicle loan at cheaper rates in collaboration with PNB
Haryana Government has announced that its state employees will be able to avail home loan, vehicle loan and personal loan at interest rate of 8.1 percent through the Punjab National Bank (PNB). The difference between the agreed rate of the bank and the interest rate charged by the Government on various loans will be born by the government. The bank will open an premier branch either in Chandigarh or Panchkula for the purpose of providing these loans to the employees at the earliest.
01st Aug 16 PNB makes locker visiting facility free
Punjab National Bank is providing free locker visiting facility to its customers. Now customers can make any number of locker visits in a year without paying any extra charges. Earlier customer had to pay Rs. 50 per visit after completing 12 free locker visits. This facility has come in effect from 1st August, 2016.
31st Jul 16 PNB reduced MCLR by 0.05% from 1st August, 2016
Punjab National bank (PNB) has reduced its Marginal Cost Lending Rate (MCLR) by 5 basis points (bps) across maturities. The 1 year MCLR has been reduced to to 9.35 percent, from the current rate of 9.4 percent. The 3 month and 6 month MCLR has been reduced to 9.25 percent and 9.3 percent respectively. Similarly the Overnight and 1 month MCLR has been reduced to 9.1 percent and 9.15 percent. These changes will be effective from 1st August, 2016. If you are borrower of Punjab National Bank and have taken loan after 1st April 2016, the reduction in loan rates should reduce your interest burden. Whereas if you have taken loan at fixed interest rate then you will not be able to benefit from rate cut.
28th Jul 16 PNB Q1 profit drops by 57%; NPA nearly 14%, slippages at Rs 7533 crore
As per the results of Q1FY17, Punjab National Bank reported a decline of 57.5 per cent in its Net Profit from Rs 306.4 crore of Net Profits reported a year ago. The Net Interest Income, declined by 9.8 percent to Rs 3,699 and operating profit grew only by 4.5 percent, reported at Rs 3274.62 crore as on June 2016. on a yearly basis. The increase in operating profit is attributable to a significant growth in Other income reported at 2,355 crore with a growth of 68.5 percent Provisions for bad loans showed a growth of 51.2 percent to Rs 2,738.4 crore in the June quarter when compared on on a yoy basis. However, the provisions have declined sharply by by 74 percent compared to the previous quarter . Asset Quality showed signs of deterioration during the current quarter as Gross NPA increased by 85 basis points to 13.75 percent and Net NPAs increased by 55 basis points at 9.16 percent.