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Punjab and Sind Bank

PSB Vyapar

Bank Punjab and Sind Bank
Scheme PSB Vyapar
Description 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.

 

Rate of Interest & Repayment 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.

Collateral
Composite /loan Limit Minimum: Rs 5 lacs,
Maximum: Rs 500 lacs. (For purchase/construction of shop maximum finance is Rs 200 lacs)
(With deviations maximum finance can be upto Rs 1000 lacs)
Margin
Detail Link View Link
Punjab and Sind Bank

PSB SME Liquid Plus

Bank Punjab and Sind Bank
Scheme PSB SME Liquid Plus
Description To provide timely, hassle-free and adequate credit delivery to meet the liquidity mis-matches and expenses incurred on activities like R&D, Product Development, Marketing and Branding, stocking the seasonally available raw material etc.
Eligibility
  • Micro, Small & Medium Enterprises engaged in the manufacturing and services sector.
  • The existing MSMEs with good track record as well as new MSMEs having satisfactory Due Diligence Report.
  • The MSMEs may be an Individual, Proprietor, Partnership firm, Private/Public Limited Company, Co-operative Society.
Rate of Interest & Repayment Repayment:

For Term Loan: Maximum upto 7 years.
For Overdraft: Repayable on demand. Interest shall be recovered immediately when due.

Collateral
Composite /loan Limit Minimum: Rs 10 lacs  Maximum Rs.500 lacs
Margin
Detail Link View Link
Punjab and Sind Bank

PSB Mortgage Loan

Bank Punjab and Sind Bank
Scheme PSB Mortgage Loan
Description This is an all purpose credit facility i.e. to meet legitimate need based expenses viz- marriage /medical /educational expenses / repairs / renovation / extension to the residence / commercial property/ purchase of consumer durables or any unforeseen expenses, and also for investment in business, to meet credit needs of trade, commercial activities, other bona fide requirements of business/ profession
Eligibility
  • Business Concerns (MSME) & Salaried Individuals who are income tax assesses;
  • Partnership firms, Proprietary firms, Companies (Pvt./Public Ltd.), HUFs, Trusts, Societies, NRIs (subject to compliance of guidelines of Bank & RBI)
  • Age limit: Min 18 yrs, Max 65 yrs and owning residential/ commercial property.
  • 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.
  • In case of Firms/Companies & Trusts, credit facility may be considered against the property owned by Partner/Director/Trustee
Rate of Interest & Repayment  

Repayment: For Term Loan: Maximum 10 years
For Overdraft Facility: Repayable on demand. The limit once sanctioned will hold good for 3 years.
The overdraft facility is not allowed for salaried class borrowers.

Collateral
Composite /loan Limit Minimum: Rs 5 lacs  Maximum Rs.500 lacs,  (With deviations maximum finance can be upto Rs 1000 lacs)
Margin
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Punjab and Sind Bank

PSB Scheme for Working Capital requirement for Retail Traders

Bank Punjab and Sind Bank
Scheme PSB Scheme for Working Capital requirement for Retail Traders
Description Working Capital requirement for Retail Traders
Eligibility  
Rate of Interest & Repayment Upto Rs.30.0 lac – BPLR
Collateral  
Composite /loan Limit Rural Areas – Max.Rs.10.00 lac
Semi Urban/ Urban Max.Rs.20.00 lac
Metropolitan – Maxm.Rs.30.00 lac
Margin  
Detail Link View Link
Punjab and Sind Bank

Scheme for finance to brick kiln owners

Bank Punjab and Sind Bank
Scheme Scheme for finance to brick kiln owners
Description Term Loan and Working Capital for Existing / prospective Owners of Brick Kilns
Eligibility Individuals/ Proprietorship /partnership firms/ corporate
Rate of Interest & Repayment As applicable to MSE units
Collateral
  • Collateral – Personal guarantees of proprietors/partners/promoters, Additional tangible security such as immovable property, bank deposits, etc.
  • No collateral / third party guarantee required if covered under CGTMSE. However, collateral upto 100% and third party guarantee required if not covered under CGTMSE.
Composite /loan Limit Depending upon project cost subject to max. Rs 50 lac
Margin
Detail Link View Link
Punjab and Sind Bank

Udyogni Scheme for Women Entrepreneurs

Bank Punjab and Sind Bank
Scheme Udyogni Scheme for Women Entrepreneurs
Description To encourage the women entrepreneurs to avail the loans on liberal terms and exclusive catering of credit under Direct agriculture activities, Tiny SSI sector, Business enterprises, Retail traders, Professional and Self employed etc.

 

Eligibility Women enterprises consisting of all units managed by one or more women entrepreneurs in proprietary concern or in which she/they individually or jointly have a share capital of not less than 51% as partners/share holders /directors of private limited company/members of co-operative society.
Rate of Interest & Repayment As per rate applicable to MSME
Collateral  
Composite /loan Limit Loan/limit would be assessed on case to case basis and depending upon the purpose of loanx
Margin upto Rs.25,000/- — No margin
Detail Link View Link
Punjab and Sind Bank

Doctor’s Special

Bank Punjab and Sind Bank
Scheme Doctor’s Special
Description Setting up/ acquiring/ construction/ Expansion/ renovation of clinics, Hospitals/ Pathological/ Clinical Labs, Scan/ Diagnostic Centers/ Physiotherapy centers, Nursing Homes, Sanatorium etc. including furniture fixture and equipments and for purchase of vehicles, ambulances, computers etc.
Eligibility Medical Practitioners registered with statutory bodies like, MCI, DCI,CCIM, CCH etc. and having minimum qualification MBBS/BDS/BPT/BAMS or equivalent professional degree.

 

Rate of Interest & Repayment Rs. 5 Lakh to Rs. 2 Crore – 8.00%

Above Rs. 02 Crore to Rs. 05 Crore – 8.50%

Repayment: For Term Loan: Maximum 7 years including moratorium period of 2 years/construction period in case of new construction.
For Working Capital: Repayable on demand.

Collateral Upto Rs 10 Lakhs: No third party guarantee/collateral security is required and the same shall be covered under CGTSME.
Above Rs 10 Lakhs to Rs 200 Lakhs: Collateral Security by way of immovable property or liquid securities such as deposits,NSC,surrender value of LIC policies equivalent to 100% of the total exposure. Or else the loan may be covered under CGTMSE.

Above Rs 200 Lakhs to Rs 500 Lakhs: Collateral Security by way of immovable property or liquid securities such as deposits,NSC,surrender value of LIC policies equivalent to 100% of the total exposure

 

Composite /loan Limit Minimum: Rs 5 Lakhs,
Maximum: Rs 5 Crores
Margin 25% for purchase of equipment/machinery/vehicles
35% for acquisition of premises/expansion/renovation/modernization

25% on stocks

40% on book debts

Detail Link View Link
Punjab and Sind Bank

PSB Scheme for Eating-Joints

Bank Punjab and Sind Bank
Scheme PSB Scheme for Eating-Joints
Description Term Loan or overdraft
Eligibility Individuals/ partnership firms/ corporate
Rate of Interest & Repayment Rate of Interest

As applicable to MSE units

Collateral
  • Primary – Hypothecation of the assets financed by the Bank.
  • Collateral- Personal guarantees of proprietors/partners/promoters, Extension of charge over current assets, Fixed assets and other existing collateral if any, Additional tangible security such as immovable property, bank deposits, etc.
Composite /loan Limit ·        Term Loan: Depending upon project cost subject to a maximum of Rs.1 crore

·        OD : Rs 5 lac

Margin  
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Punjab and Sind Bank

Laghu Udhyami Credit Card (LUCC) Scheme

Bank Punjab and Sind Bank
Scheme Laghu Udhyami Credit Card (LUCC) Scheme
Description To meet the credit requirement of small business units, retail traders, artisans, village industries, small scale industrial units and tiny units, professionals and self employed persons, etc.
Eligibility All existing customers of the above categories who are dealing with the bank for the last 3 years satisfactorily and enjoying loan are eligible.
Rate of Interest & Repayment Rate of Interest

As applicable to MSME.

Collateral
  • Primary Security: Hypothecation of stock.
  • Collateral Security: The existing securities may be retained while converting the account to LUCC account.
Composite /loan Limit  
Margin 25%
Detail Link View Link
Punjab and Sind Bank

Artisan Credit Card (ACC) Scheme

Bank Punjab and Sind Bank
Scheme Artisan Credit Card (ACC) Scheme
Description To provide adequate and timely assistance to artisans for their investments needs as well as working capital requirement. The scheme would be operative in rural and urban areas.
Eligibility All artisans engaged in production/manufacturing process and otherwise eligible for credit facilities under any of the existing bank schemes would be eligible. Preference would be given to artisans registered with Development Commissioner (Handicrafts) and thrust in financing would be on clusters of artisans who have joined to form Self Help Groups (SHGs). Beneficiaries of other Govt. sponsored loan schemes will not be eligible for coverage under ACC scheme. All existing artisans borrowers of the Bank enjoying credit facilities upto Rs.2 lakh and having satisfactory dealings with the Bank will be eligible.
Rate of Interest & Repayment Rate of interest

PLR

 

Collateral Hypothecation of assets to be created with Bank finance.
Composite /loan Limit The credit limit would be fixed on assessment of working capital requirements as well as cost of tools and equipments needed for carrying out manufacturing activities. Working capital requirements would be assessed as per Nayak Committee recommendations. The maximum limit to be sanctioned under the scheme would be Rs.2 lakhs. The working capital limit would be as revolving cash credit to provide any number of drawals and repayments within the limit. However, a repayment schedule would be fixed for the portion of loan availed for the purchase of tools and equipments
Margin For credit up to Rs.25000/- no margin is required but for credit above Rs. 25000/- a margin of 25% would be kept
Detail Link View Link
Punjab and Sind Bank

Multipurpose Business Loan (Mortgage) Scheme

Bank Punjab and Sind Bank
Scheme Multipurpose Business Loan (Mortgage) Scheme
Description Overdraft/Cash Credit / Term Loan / B.G. / L.C etc.
Eligibility Retail Traders / Wholesale Traders, Contractors, Professional, self employed and Small and Medium Business Enterprises (SSI/ SMEs) Manufacturing Concerns.
Rate of Interest & Repayment As per general advances rate of interest chart.

  • Hypothecation of assets (stocks, receivables, work in progress, plant & machinery etc) as applicable.
  • Equitable/registered mortgage of land and building free from any encumbrances in the name of borrower/ partner / director.
  •  Advance against third party property can be allowed if the property is in the name of close blood relatives (Major children, spouse, father, mother, brother, sister of the borrower viz proprietor, partner, director) subject to the condition that guarantee of owner(s) / Co-owners of the property shall be mandatory.
Collateral
Composite /loan Limit Maximum Rs.200 lac & Minimum of Rs.1 lac (GM (A), ZMs Delhi I, II & III authorized to sanction upto Max. Limit Rs 500 lac ) For newly established activity / ventures — Rs.50 lac
Margin Funded facilities are to be allowed maximum upto 65% of the realizable value of immoveable property for fresh cases. In cases of renewal, where revaluation of property is not due, funded facilities can be continued maximum upto 75% of the realizable value of immoveable property.
Detail Link View Link
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