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PNB Business Loan Interest Rate Calculator - May 2017

Last Updated 11th May 2017

PNB Business Loan Interest Rates

Self Employed
Interest Rate 12.60% - 15.60% Check Best Offers
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 been rated 3.6/5.0 by customers for its service quality on MyLoanCare
  • 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 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

PNB 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
Explore More: PNB 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 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, rad [at] pnb [dot] co [dot] in
Ahmedabad 011-23318130, rad [at] pnb [dot] co [dot] in
Ambala 011-23318130, rad [at] pnb [dot] co [dot] in
Anand 011-23318130, rad [at] pnb [dot] co [dot] in
Aurangabad 011-23318130, rad [at] pnb [dot] co [dot] in
Bangalore 011-23318130, rad [at] pnb [dot] co [dot] in
Bhilai 011-23318130, rad [at] pnb [dot] co [dot] in
Bhilwara 011-23318130, rad [at] pnb [dot] co [dot] in
Bhiwadi 011-23318130, rad [at] pnb [dot] co [dot] in
Bhopal 011-23318130, rad [at] pnb [dot] co [dot] in
Bhubaneswar Cuttack 011-23318130, rad [at] pnb [dot] co [dot] in
Bikaner 011-23318130, rad [at] pnb [dot] co [dot] in
Chandigarh 011-23318130, rad [at] pnb [dot] co [dot] in
Chennai 011-23318130, rad [at] pnb [dot] co [dot] in
Cochin 011-23318130, rad [at] pnb [dot] co [dot] in
Coimbatore 011-23318130, rad [at] pnb [dot] co [dot] in
Dehradun 011-23318130, rad [at] pnb [dot] co [dot] in
Delhi 011-23318130, rad [at] pnb [dot] co [dot] in
Durg 011-23318130, rad [at] pnb [dot] co [dot] in
Faridabad 011-23318130, rad [at] pnb [dot] co [dot] in
Gandhinagar 011-23318130, rad [at] pnb [dot] co [dot] in
Ghaziabad 011-23318130, rad [at] pnb [dot] co [dot] in
Goa 011-23318130, rad [at] pnb [dot] co [dot] in
Greater Noida 011-23318130, rad [at] pnb [dot] co [dot] in
Gurgaon 011-23318130, rad [at] pnb [dot] co [dot] in
Guwahati 011-23318130, rad [at] pnb [dot] co [dot] in
Gwalior 011-23318130, rad [at] pnb [dot] co [dot] in
Hyderabad 011-23318130, rad [at] pnb [dot] co [dot] in
Indore 011-23318130, rad [at] pnb [dot] co [dot] in
Jabalpur 011-23318130, rad [at] pnb [dot] co [dot] in
Jaipur 011-23318130, rad [at] pnb [dot] co [dot] in
Jalandhar 011-23318130, rad [at] pnb [dot] co [dot] in
Jodhpur 011-23318130, rad [at] pnb [dot] co [dot] in
Kanpur 011-23318130, rad [at] pnb [dot] co [dot] in
Karnal 011-23318130, rad [at] pnb [dot] co [dot] in
Kolhapur 011-23318130, rad [at] pnb [dot] co [dot] in
Kolkata 011-23318130, rad [at] pnb [dot] co [dot] in
Kota 011-23318130, rad [at] pnb [dot] co [dot] in
Kozhikode 011-23318130, rad [at] pnb [dot] co [dot] in
Lucknow 011-23318130, rad [at] pnb [dot] co [dot] in
Ludhiana 011-23318130, rad [at] pnb [dot] co [dot] in
Madurai 011-23318130, rad [at] pnb [dot] co [dot] in
Meerut 011-23318130, rad [at] pnb [dot] co [dot] in
Mehsana 011-23318130, rad [at] pnb [dot] co [dot] in
Mohali Sas Nagar 011-23318130, rad [at] pnb [dot] co [dot] in
Mumbai 011-23318130, rad [at] pnb [dot] co [dot] in
Mussoorie 011-23318130, rad [at] pnb [dot] co [dot] in
Nagpur 011-23318130, rad [at] pnb [dot] co [dot] in
Nashik 011-23318130, rad [at] pnb [dot] co [dot] in
Noida 011-23318130, rad [at] pnb [dot] co [dot] in
Noida Extn 011-23318130, rad [at] pnb [dot] co [dot] in
Panipat 011-23318130, rad [at] pnb [dot] co [dot] in
Patna 011-23318130, rad [at] pnb [dot] co [dot] in
Pondicherry 011-23318130, rad [at] pnb [dot] co [dot] in
Pune 011-23318130, rad [at] pnb [dot] co [dot] in
Raipur 011-23318130, rad [at] pnb [dot] co [dot] in
Rajkot 011-23318130, rad [at] pnb [dot] co [dot] in
Ranchi 011-23318130, rad [at] pnb [dot] co [dot] in
Rohtak 011-23318130, rad [at] pnb [dot] co [dot] in
Roorkee 011-23318130, rad [at] pnb [dot] co [dot] in
Salem 011-23318130, rad [at] pnb [dot] co [dot] in
Shimla 011-23318130, rad [at] pnb [dot] co [dot] in
Sonepat 011-23318130, rad [at] pnb [dot] co [dot] in
Surat 011-23318130, rad [at] pnb [dot] co [dot] in
Trichy 011-23318130, rad [at] pnb [dot] co [dot] in
Udaipur 011-23318130, rad [at] pnb [dot] co [dot] in
Vadodara 011-23318130, rad [at] pnb [dot] co [dot] in
Varanasi 011-23318130, rad [at] pnb [dot] co [dot] in
Vijaywada 011-23318130, rad [at] pnb [dot] co [dot] in
Vizag 011-23318130, rad [at] pnb [dot] co [dot] in
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PNB Business Loan News - May 2017
  • 2017-04-18 : PNB launches three new products on foundation day
    Punjab National Bank (PNB) has launched three new products on the occasion of its 123rd foundation day. The new products are automated electronic toll collection to facilitate hassle-free toll payment/collection, credit card mobile app and a scheme for financing grid connected roof solar power projects. The bank also launched a mobile app to facilitate PNB staff to do their HR-related operations.
  • 2017-03-30 : Only half of bad loans on sale to ARCs may find buyers
    Indian banks are getting adversely affected from the rising quantum of bad loans. Many prominent banks including PNB and UCO Bank are planning to sell assets worth Rs. 1,800 crore and Rs. 3,000 crore respectively to asset reconstruction companies. As per the leading ARC, the pricing mismatch between the banks and ARCs is likely to create obstruction and expects to clear only half of Rs. 15,000 crore bad loans.
  • 2017-03-24 : PNB enters into one time settlement deal with Mawana Sugars Ltd for NPA debt
    Punjab National Bank has entered into one time settlement deal with Mawana Sugars Ltd for clearing the NPA debt. As per bank sources, the company owes an outstanding business loan of Rs. 109 crores to the company which is now settled at a consolidated amount of Rs. 79 crores payable over 15 months without any interest.
  • 2017-03-08 : PNB disburses loans of Rs. 157 crore to farmers and self help groups in FY17
    Punjab National Bank has disbursed fresh loans of Rs. 157 crore to 1,476 farmers and Self Help Groups (SHG) across the country during FY17. As per sources, loans were disbursed through PNB Farmers Welfare Trust and PNB Centenary Rural Development Trust that were established by the bank with an objective of maximising farmer welfare and skill development of youth. PNB has opened 11 Farmers Training Centres across the country.
  • 2016-09-04 : PNB current a/c holders to pay more for not having minimum balance
    Punjab National Bank will charge fine from October on current general account and PNB Smart Banking current account holders for not upholding the quarterly average balance as per the revised tariff. The charges for PNB Smart Banking silver account holders (QAB - Rs 1 lakh) hiked to Rs 500 per quarter. For gold account holders (QAB - Rs 2 lakh), the charges increased to Rs 1,000 and diamond account holders (QAB - Rs 5 lakh) will have to pay Rs 2,000 if their balance fall below Rs 5 lakh. Platinum account holders will have to pay Rs 4,000 if they fail to maintain Rs 10 lakh balance per quarter. For current general accounts, the bank has raised the initial deposit requirement as well as QAB for rural, semi urban and urban sectors.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.
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