PNB Loan: If you have started a business and need funds to expand it, you can apply for a PNB Kishore Mudra Loan, which is offered by Punjab National Bank under the PM Mudra Loan scheme.
The interest rate for this loan starts at just 9.15% per annum. Under this loan scheme, you can obtain a loan ranging from ₹50,000 to ₹5 lakh for business expansion.
This article focuses on delivering comprehensive details regarding the PNB Kishore Mudra Loan. It covers essential aspects such as interest rates, advantages, repayment terms, eligibility criteria, required documentation for loan acquisition, and the online application process.
By reading through this article, you can gain insights into the entire loan scheme, facilitating a seamless application process.
PNB Kishore Mudra Loan Scheme 2024
Punjab National Bank extends the Prime Minister’s Mudra Loan scheme to its customers, offering the Kishore Mudra Loan. The objective is to assist citizens who aspire to expand their businesses but face financial constraints.
Under this scheme, the bank provides loans ranging from ₹50,000 to ₹5,00,000, starting at an interest rate of 9.15% per annum. You can repay this loan over a period of up to 7 years.
What is the objective of PNB Kishor Mudra Loan Scheme?
As you may be aware, the central government is providing loans to new entrepreneurs at affordable interest rates to promote self-employment. Under the Prime Minister’s Mudra Loan scheme, these loans are offered at three levels: Shishu Mudra Loan, Kishore Mudra Loan, and Tarun Mudra Loan.
These loans are provided to needy citizens through various banks, and Punjab National Bank also offers its customers the Kishore Mudra Loan under this PM Mudra Loan scheme, ensuring financial assistance in the form of loans for budding entrepreneurs to expand their businesses.
How to apply online for PNB Kishor Mudra Loan
To apply online for PNB Kishor Mudra Loan, first go to the official portal of PNB.
After going to the main page of the portal, go to the “Loan” section and click on “Mudra Loan”.
On clicking, a page will open in which all the information related to Mudra Loan will be available.
Click on the option of “Apply Online” given here.
Now a new page will open, select the option of “PNB Kishor Mudra Loan” in it.
After selecting, the application form of the scheme will open, in which personal information, banking details and business related information will have to be entered carefully.
After giving all the information, take a printout of this form and attach a copy of all the necessary documents with it.
After doing this, go to the nearest Punjab National Bank branch and submit all the documents.
After this, your application form and all the documents will be checked by the bank officer.
After review, if all the information is found correct then your loan will be approved.
