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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
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