State lender Punjab National Bank (PNB) has come forward with PNB Tatkaal scheme to address urgent credit requirements of its customers.
PNB Tatkaal Loan Scheme: State lender Punjab National Bank (PNB) has come forward with PNB Tatkaal scheme to address urgent credit requirements of its customers. The scheme has been designed by the bank to provide quick and hassle-free credit to businesses, it claims. The interested individuals can know more about the scheme by logging in to the official website of PNB at pnbindia.in.
PNB has recently tweeted from its official Twitter handle about this scheme. The tweet said, “Get financial help in the form of cash credit and term loan under PNB Tatkal scheme. Click for more information: tinyurl.com/6r92wkcw.”
The interested customers must know that this scheme is to meet the financial requirements related to business activity or expansion, however, the facility is not available for the purchase and construction of immovable property.
The business entities like individuals, firms, companies, limited liability partnership, co-operative societies and trusts engaged in business activities which are not prohibited by law are eligible for this loan. Furthermore, it must also be noted that the GST registered units which have filed GST returns for at least one year are also eligible for this loan.
The type of facility available under this scheme is cash credit for working capital and term loan for the purchase of fixed assets.
The loan limit under PNB Tatkaal scheme starts from Rs 1 lakh and ranges till Rs 25 lakh.
Regarding the tenure of the loan, it must be noted that the cash credit limit is one year and subjected to annual renewal. The term credit loan is up to seven years.
The interested customers must note that the rate of interest will be as per the bank’s policy guidelines.
In case of further details, the interested individuals can login to the official website of PNB at pnbindia.in.
