|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.|
|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|
|Detail Link||View Link|