Working Capital Requirement, Construction of office premises, Expanding/Renovating Business premises, For Purchase of equipment/office premises, Non-fund based facilities
Eligible
Professionals in any discipline viz. Engineers, Architects, Interior Designers, Fashion Designers, Photographers, Financial Consultants (CA/ICWA/CS/CFA), Advocates and specialized qualified service providers.
Professional degree/diploma from a recognized University/Institute, Valid License for such professions, Minimum ITR taxable income of 2.5 lakh, Minimum bureau score of 690.
Age of Borrower
Minimum age – 21 years.
Maximum age should not exceed 65 years at the time of maturity of loan.
Nature & Quantum of Finance
Cash Credit/Overdraft: Limit up to Rs 100.00 Lakh
Term Loan: Need-based (Maximum Rs 200 Lakh)
Maximum Cumulative Exposure: Rs. 200.00 Lakh
The quantum of finance against cost of the land: 50% of the sanctioned loan amount.
Margin
WC/Term Loan: 25% of Requirement,
For Overdraft - Min 35% of Property,
Non-fund – 20% cash margin
Min margin for financing land is 25% of cost of land.
Guarantee
Not Required for CGTMSE/CGFMU covered cases.
Sole Proprietorship: Wife/Major Son.
Companies: Directors of the company.
Partnership Firms: Partners.
*If property mortgaged is third party property then personal guarantee of such owners/co-owners.
Repayment and Review
➤ Term Loan: Maximum repayment period up to 10 Years including moratorium of max 12 months from 1st disbursement. Interest shall be serviced as and when due.
➤ Overdraft limit will be subject to annual review.
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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.
