PNB STANDBY LINE OF CREDIT

Bank	Punjab National Bank
Scheme	PNB STANDBY LINE OF CREDIT
Description	To meet the temporary liquidity mismatch arising out of delayed realization of receivables, receipts of GST Inputs tax credits (including for Exports) and other Business requirements.
Eligibility	Existing Units having Limits upto Rs. 5 crore are eligible under the scheme. (In case, if total exposure of unit including this facility (PNB SLC) is above than Rs. 5 crore, guidelines regarding external risk rating shall be are applicable. All Units irrespective of Rating. Account to be standard. SMA-0, SMA-1 & SMA-2 are also eligible under the scheme.
Rate of Interest & Repayment	0.50 % above the sanctioned Cash Credit rate. ✓ ROI for the primary account (originally sanctioned loan) shall not be changed on account of change in collateral coverage after extending PNB SLC. ✓ Penal Interest as applicable to Cash Credit account will be charged, if not repaid within the stipulated period. repayment period of 12months.
Collateral	Hypothecation of stocks and receivables (GST and other Credit). Extension of charge on the Primary Security / Collateral security
Composite /loan Limit
Margin	Nil
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