PNB MUDRA Loan
About This Loan
Punjab National Bank (PNB) offers MUDRA loans across all four categories. Shishu covers up to 50,000, Kishore covers 50,001 to 5 lakh, Tarun covers 5,00,001 to 10 lakh, and Tarun Plus covers 10 lakh to 20 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.