PNB MUDRA Loan
About This Loan
Punjab National Bank (PNB) offers MUDRA loans across all three categories: Shishu (up to 50,000), Kishore (50,001 to 5 lakh), and Tarun (5,00,001 to 10 lakh). PNB has one of the largest branch networks in India with over 10,000 branches, making MUDRA loans genuinely accessible even in tier 3 and tier 4 cities where other banks may not have meaningful presence. The bank places special focus on lending to women, SC/ST, and minority entrepreneurs, aligned with government priority sector lending targets. Applications can be submitted at any PNB branch or through the PNB ONE mobile app, with processing typically completed within 7 to 21 working days depending on loan category.
Maximum Amount
₹10,00,000
Interest Rate
9.90% – 13.50% p.a.
Tenure
Up to 5 years
Collateral
Nil for all MUDRA categories
Processing Fee
Nil (Shishu) / 0.50% (Kishore & Tarun)
Eligibility
Indian citizen with business plan for non-farm activity; KYC compliant; not a defaulter with any bank or financial institution.
Application Process
- 1Visit nearest PNB branch or apply through PNB ONE app
- 2Submit application with supporting documents
- 3Branch evaluates business plan and creditworthiness
- 4Loan sanctioned and disbursed to the borrower's account
Documents Required
- Loan application form
- Identity and address proof (Aadhaar, PAN)
- Business plan or project report
- Bank statements (6-12 months for Kishore/Tarun)
- Udyam Registration (if available)
- Quotations for machinery/equipment
Official Links
Related Government Schemes
Disclaimer
This information is sourced from publicly available bank and financial institution websites. EduMetrics is not a financial advisor or lending institution and does not guarantee the accuracy of interest rates, eligibility criteria, or loan terms. Please verify all details with the respective bank before applying.