ii. Setting up/ acquiring/ construction/ Expansion/ renovation of clinics, Hospitals/ Pathological/ Clinical Labs, Diagnostic Centers/ Physiotherapy centers, Nursing Homes, etc. including furniture fixture.
iii. Expansion/renovation/ modernization of existing premises.
Purchase of Vehicle/ ambulances/ lifesaver ambulances etc may be provided under Vehicle loan facility separately under the same scheme.
Eligibility
Medical Practitioners registered with statutory bodies like, MCI, DCI, CCIM, CCH etc. and having minimum qualification MBBS/BDS/BPT/ BAMS or equivalent professional degree.
Age Group :
25 - 65 years.
3. Minimum 3 years experience.
4. Must be tax assesse for last 2 years.
Quantum of Loan
Minimum: Rs 5 lakhs
: Rs. 500 lakhs
Working capital facility be restricted to maximum of Rs 20 lakhs
Nature of Loan
Term Loan, Working Capital, Commercial Vehicle Loan
Margin
Term Loan:
25% for purchase of equipment/ machinery etc.
35% for acquisition of premises and/ or expansion/ renovation/ modernization of existing premises.
Working Capital:
25% on stocks
40% on book debts.
Commercial Vehicle- 15% of on-road price inclusive of one time road tax, registration & insurance
Security
Hypothecation of assets to be purchased/acquired with the help of Bank’s finance.
Mortgage of business premises if financed by the Bank.
Hypothecation of Stocks/book debts
Collateral Security
Upto Rs 10 Lakhs: No third party guarantee/collateral security is required and the same shall be covered under CGTSME.
Above Rs 10 Lakhs to Rs 200 Lakhs: Collateral Security by way of immovable property or liquid securities such as deposits, NSC, surrender value of LIC policies equivalent to 100% of the total exposure. Or else the loan may be covered under CGTMSE.
Above Rs 200 Lakhs to Rs 500 Lakhs: Collateral Security by way of immovable property or liquid securities such as deposits,NSC,surrender value of LIC policies equivalent to 100% of the total exposure
Concession for Women/ST/SC Doctors
ROl concession of 0.20 % may be applicable for Women/ST/SC applicants where:
(i) Doctor is sole applicant.
(ii)In case of partnership firm/LLP/companies/Trusts, minimum 51% of shareholding/stake is held by the Women/ST/SC doctor(s).
Guarantee
No guarantee required, if covered under CGTMSE. In other cases, guarantee of Spouse/major children/partners/directors/trustees/suitable third party be invariable obtained.
Personal guarantee of partners/directors should be invariably taken in all cases irrespective of coverage under credit guarantee scheme.
If the owner of the mortgaged property is other than borrower, the guarantee of the property owner must be obtained.
Processing Fee
Loan upto Rs.50 lakhs: 0.25% of loan amount +GST
Loan above Rs.50 lakhs and upto Rs. 500 lakhs: 0.50% of loan amount +GST
Applicability
Term Loan: One Time upfront charges at the time of sanction only.
Working capital facility: Upfront at the time of sanction and on annual renewal.
Repayment
For Term Loan: Maximum 7 years including moratorium period of 2 years/construction period in case of new construction.
For Working Capital: Repayable on demand.
Additional Benefits:
Locker Rent Concession: 50% concession on locker rent for self and spouse for first two years, who avail loan under this scheme.
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A New Internet Banking and Mobile Banking Solution - PSB UnIC for Retail Customers including NRE/NRO and PSB UnIC Biz for Sole Proprietor customers and Corporate Customers has been rolled out successfully by the Bank bringing UPI, IMPS, NEFT, RTGS and many more banking services under one platform.
Please note that our customers have already been notified that the old Internet Banking Portal of the Bank will be pulled down by 28.02.2022. The Funds Transfer services were blocked for Retail Internet Banking Customers since 09.01.2022. However, our old Internet Banking Portal was running parallelly for the last few days for the benefit of old Retail and Corporate Internet Banking Customers. It has now been decided that the Old Internet Banking will be pulled down on midnight of 21.03.2022. Bill Payments and Tax Payments ( OLTAS and GST) can be done through PSB UnIC digital platform. Bill Payment services are moved to PSB UnIC from 16.03.2022 onwards and the OLTAS functionality will be live from 18.03.2022 through PSB UnIC.
Our existing old Internet Banking customers ( Retail and Sole Propriership) who are yet to register in PSB UnIC are requested to make a onetime registration by visiting our website: https://punjabandsindbank.co.in and by clicking on PSB UnIC and choosing appropriate Option as follows:
And submit the duly signed application form along with required documents Viz. Board Resolution / Partnership Letter with Deed / Trust, Society, Club Resolution Letter/ HUF Letter etc. and also the KYC documents of the Authorised Users immediately to the parent Branch.
These corporate customers will be sent a registration kit through email after submission of the above documents. By Using the credentials in the mail, the corporate customers are requested to register by following the instructions contained in the email and start availing the benefit of PSB UnIC Biz services.
General Manager-IT,
Punjab & Sind Bank
Internet Banking
Dear customers,
A New Internet Banking and Mobile Banking Solution - PSB UnIC for Retail Customers including NRE/NRO and PSB UnIC Biz for Sole Proprietor customers and Corporate Customers has been rolled out successfully by the Bank bringing UPI, IMPS, NEFT, RTGS and many more banking services under one platform.
Please note that our customers have already been notified that the old Internet Banking Portal of the Bank will be pulled down by 28.02.2022. The Funds Transfer services were blocked for Retail Internet Banking Customers since 09.01.2022. However, our old Internet Banking Portal was running parallelly for the last few days for the benefit of old Retail and Corporate Internet Banking Customers. It has now been decided that the Old Internet Banking will be pulled down on midnight of 21.03.2022. Bill Payments and Tax Payments ( OLTAS and GST) can be done through PSB UnIC digital platform. Bill Payment services are moved to PSB UnIC from 16.03.2022 onwards and the OLTAS functionality will be live from 18.03.2022 through PSB UnIC.
Our existing old Internet Banking customers ( Retail and Sole Propriership) who are yet to register in PSB UnIC are requested to make a onetime registration by visiting our website: https://punjabandsindbank.co.in and by clicking on PSB UnIC and choosing appropriate Option as follows:
And submit the duly signed application form along with required documents Viz. Board Resolution / Partnership Letter with Deed / Trust, Society, Club Resolution Letter/ HUF Letter etc. and also the KYC documents of the Authorised Users immediately to the parent Branch.
These corporate customers will be sent a registration kit through email after submission of the above documents. By Using the credentials in the mail, the corporate customers are requested to register by following the instructions contained in the email and start availing the benefit of PSB UnIC Biz services.
