Punjab And Sind Bank Business Loan

How much amount be avail by Punjab And Sind Bank under Multipurpose Business Loan (Mortgage) Scheme of bank ?

As you requires I am here giving you detail about the amount and other for Multipurpose Business Loan (Mortgage) Scheme of Punjab And Sind Bank.

P& S Bank Multipurpose Business Loan (Mortgage) Scheme:

Eligibility :
Eligible candidates :
Retail Traders / Wholesale Traders,
Contractors,
Professional,
Self employed
Small and Medium Business Enterprises (SSI/ SMEs) Manufacturing Concerns.

Type of facility
Overdraft/Cash Credit / Term Loan / B.G. / L.C etc.

Quantum of Finance
Maximum Rs.200 lac
Minimum of Rs.1 lac

For newly established activity / ventures :
Rs.50 lac

Rate of interest as on 16 June 2016 :

Category
Rate of Interest (P.A.)

Loan amount up to Rs.20 lacs
One Year MCLR (9.65%) +2.00% = 11.65%

Loan amount above Rs.20 lacs
One Year MCLR (9.65%) + 2.50% = 12.15%

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Answered By StudyChaCha Member