Punjab National Bank Business Loan [Interest Rate, Processing Fees, Tenure, Prepayment Charges 2022]



Punjab National Business Loan

About Punjab National Bank : The PNB or Punjab National Bank is a leading Indian nationalized bank and also offers an array of financial services. PNK was founded in May 1894, and it is currently the second-largest bank in India, owned by the Indian government in terms of both network and volumes. 

The bank holds more than 180 million customers, over 13,000 ATMs, and 12,248 branches across the globe. PNB also has a slew of digital marketing solutions for improving the customer experience. With a web-based solution, you can open a PNB account right from the comfort of your home. All these make PNB the best destination for all banking needs..

Headquarter: The PNB was established in May 1894 as a complete financial organization under the ownership of the Ministry of Finance, Government of India. It is headquartered is at New Delhi, Delhi, India. 
PNB merged with several banks like Bharat Bank Ltd, Universal Bank of India, United Bank of India, Oriental Bank of Commerce, New Bank of India, Indo-Commercial Bank, and Nedugadi Bank. It has two subsidiaries, and both are headquartered in New Delhi, India.

Number of employees: PNB holds 70,810 employees and also has 1,722 employees having disabilities. At present, the Chief Executive Officer and Managing Director of PNB are Shri Atul Kumar Goel.

Number of Branches & ATM: PNB has two main subsidiaries, PNB Housing Finance Limited and PNB MetLife India Insurance Company. Also, it has a banking subsidiary in the UK and has seven branches in the UK. Also, it has branches in Kabul, Dubai, Kowloon, and Hing Kong. 

Representative offices of PNB are located in Almaty, Dubai, Shanghai, Oslo, and Sydney. PNB owns 51% of Druk PNB Bank in Bhutan has five branches, owns 20% of Everest Bank in Nepal having 50 branches, and also owns 41.64% of JSC (SB) PNB Bank in Kazakhstan having four branches. In all, it has 12,248 branches all over the world.

Rate of Interest : 12.65% Per Annum

Loan Amount : Up to Rs.15 lakh

Maximum Tenure : 60 Months

Processing Fee : Up To 1.8% of the loan amount

Prepayment Charges : Nil

Yearly Business Income : As Per Loan amount Requirements

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