Punjab National Bank is giving a great offer to revive the hospitality sector from the Corona epidemic. In the ‘PNB Satkar Scheme’, people associated with the hospitality sector can easily get loans to upgrade, renovate and expand their business.
New Delhi: PNB Satkar Scheme: Many people lost their jobs during the Corona period, while the business of many has been affected to a great extent by this. From aviation to hospitality sector, there is a very bad effect on the post. Punjab National Bank (PNB Satkar Scheme) has introduced a great scheme to uplift the hospitality sector from the corona epidemic. In the PNB hospitality scheme, people associated with the hospitality sector can easily get loans to upgrade, renovate and expand their business.
Who can take advantage?
PNB Bank provides PNB Satkar Scheme to Hotels, Restaurants, Lodges, Guest Houses, Motels, Dhabas, Pizza Centers, Mess, Canteens, Catering Services, Service Apartments, Banquets, Coffee Shops etc. to meet their credit needs, purchase land or Provides loan to upgrade or expand business.
Know its eligibility
Any individual, proprietorship, partnership, LLP Private-Public Limited etc. can take advantage of PNB’s Satkar Scheme. Apart from this, any unit related to MSME service sector, whose initial investment does not exceed Rs 5 crore, can get its benefit.
How much loan will you get?
Loan up to Rs 10 crore can be available in PNB Satkar Scheme. Apart from this, you can also take an overdraft up to Rs 50 lakh. In this Satkar scheme of PNB, the hospitality sector gets a loan for a period of up to 10 years. In which customers get monotorium of maximum limit of 24 months.
How much will the security cost?
In this scheme of PNB, the customers should be covered by at least 40 percent Collaterals Coverage on the advance. Apart from this, if your primary security is in the land and building, then the residual value of more than 135% of the outstanding term loan will be treated as Collateral Security.
