# Punjab & Sind Bank Business Loan – Eligibility and EMI Calculator- 2017

Now avail the business loan against the hypothecation of assets and accelerate your business. Punjab & Sind Bank offers the loan to the applicants against the security. The realizable value of immoveable property ranges from 65% -75%. The eligible candidates can avail loan up to Rs.5 Crores. The loans are provided at the competitive rate of interest.

## Punjab & Sind Bank Business Loan Details

ParticularsDetails
Interest RateCustomised
Loan AmountMinimum : Rs.1,00,000
Maximum : Rs.5,00,00,000
To new enterprises : Rs.50,00,000
TenureNot Specified
Processing FeeAs per bank's policy
Type of LoanSecured
Margin65% - 75% of the realizable value of immoveable property

How To Apply

The eligible candidates can apply for the business loan by visiting the nearest Punjab & Sind Bank Branch. You can even call on the customer care number to apply for the same.

### Punjab & Sind Bank Business Loan EMI Calculator

Is calculation of EMI a hectic task? Use the business loan calculator to make it easy for you. With it you can calculate the installment amount in the fraction of seconds. Just enter the loan amount, tenure & interest rate, and calculator will tell you your EMI. It will also compute the total interest amount and loan maturity amount including interest and principal.

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Let's take an example for better understanding.

For Instance- If a borrower avails a loan of Rs. 2,00,00,000 for the period of 7 years at the interest rate of 16% p.a then the EMI will mount to Rs. 3,97,241.

Table Showing EMI, Total Interest Amount and Total Repayment Amount

Loan Amount
(In Rs.)
Interest Rate
(p.a)
Tenure
(In years)
EMI
(In Rs.)
Total Interest Amount
(In Rs.)
Total Repayment Amount (Principal + Interest)
(In Rs.)
2,00,00,00016%118,14,61717,75,4062,17,75,406
2,00,00,00016%29,79,26235,02,2932,35,02,293
2,00,00,00016%37,03,14153,13,0642,53,13,064
2,00,00,00016%45,66,80672,06,6702,72,06,670
2,00,00,00016%54,86,36191,81,6692,91,81,669
2,00,00,00016%64,33,8371,12,36,2503,12,36,250
2,00,00,00016%73,97,2411,33,68,2673,33,68,267

Amortization Table

YearPrincipal
(In Rs.)
Interest
(In Rs.)
Balance Amount
(In Rs.)
116,87,06130,79,8311,83,12,939
219,77,69127,89,2011,63,35,248
323,18,39024,48,5021,40,16,858
427,17,78120,49,1111,12,99,077
531,85,97515,80,91781,13,102
637,34,82510,32,06743,78,277
743,83,5053,88,666

### Features & Benefits of Punjab & Sind Bank Business Loan

• Loans sanctioned up to Rs.5,00,00,000
• Quick approval and fast disbursal
• Loans available against security
• Benefit of customised service

### Punjab & Sind Bank Business Loan Eligibility Criteria

The candidates belonging to following categories are eligible to apply for the business loan:

• Self Employed
• Small and Medium Business Enterprises

### Punjab & Sind Bank Business Loan Application Form

You can fill your application form in-person by visiting the bank branch. The application form is mandatory to fill and necessary documents are to be attached. Incomplete forms are rejected by the bank. So make sure that all the fields are duly filled.

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Documents Required:

• PAN Card
• Identity Proof
• Bank statements for the last 6 months
• 2-year financials including Profit & Loss (P&L) statement, balance sheet and income tax returns
• Property Papers

PassportPassport
PAN CardTelephone Bill