PNB Housing Finance Commercial Purchase Loan

PNB Bank has been ranked as 248th biggest bank in the world by Bankers Almanac. The bank was founded in 1894 and is diversifying immensely with 6300 branches and 7900 ATM’s in 764 cities.

PNB Commercial Purchase extends an affordable and flexible framework helping the customers to turn the dream of growing the business into reality. The minimal processing fees and hassle free documentation helps the customer to be satisfied with the proceedings and also facilitate quick disbursal of Commercial Purchase loans.

Minimum Threshold For PNB Commercial Purchase Eligibility
  1. At least 24 years of age.
  2. Salaried/ Self-employed with regular source of income.
  3. Less than 65 years of age.
Documentation Required For Application Of PNB Commercial Purchase

Generally all lenders follow same guidelines for collecting elementary documents. However there may be little variation with subject to specific requirements. Below listed are the documents that is required to process the loan faster. Self-Attested copies of Documents are solicited.

  1. The Signed application form duly filled with photograph
  2. ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statements.
  3. Cheque of Processing Fee
Salaried Individuals
  1. Last 2 years Form 16 or Income Tax Returns
  2. Last 3 months salary slips
  3. Last 6 months bank statement reflecting salary credits
Self employed Individual/ Proprietorship
  1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  3. Latest 12 months bank statement- Savings Account and Current Account
  4. Existing Loans’ Sanction letters accompanied with repayment track
  5. Business profile on the letterhead of the company
Partnership Firm/ Partnership LLP
  1. Age proof of all the partners in the form of PAN Card, Passport or Adhar Card
  2. PAN Card of the company
  3. Residence proof of all the partners –Utility Bills/ Passport/Bank statement/ Registered rent agreement
  4. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  5. Latest 3 years Income Tax returns with profit and loss and balance sheet duly audited by CA.
  6. Latest 12 months bank statement of the Company and of the Partners’ Savings Bank Account
  7. Partnership deed
  8. Existing Loans’ Sanction letters accompanied with repayment track
  9. Business profile on the letterhead of the company
Private Limited / Limited Company
  • Application form duly filled with photographs of directors.
  • Age Proof of Directors- PAN Card, Aadhar Card, passport
  • Residence Proof of Directors- Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • PAN Card of Company
  • Education Qualification- A professional qualification certificate in case of Doctors/CA/Architects
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • MOA, AOA, List Of Directors, Share Holding Pattern of the Company
  • Last 3 years IT returns with Profit and Loss account and balance sheet duly audited by CA.
  • Latest 12 months bank statement of Company of all current accounts and the same for Director’s Savings Bank Account
  • Existing Loans’ sanction letter with repayment track of company and Individual Directors
  • Business Profile on the Letter Head of the Company
Property Documents
  1. Occupancy Certificate
  2. Approved Plan of building
  3. Share certificate copy
  4. Chain of deeds in case of resale property
  5. Property Card
  6. Nil Encumbrance Certificate- EC ( if applicable)
  7. Current Sale agreement/ Draft Agreement
PNB Commercial Purchase Interest Rates
Rate of Interest 12 % - 13 %
Loan Tenure Up to 15 years
Processing Fees 1% of the loan amount + Service tax as applicable
Foreclosure charges 2% of the outstanding loan amount + applicable tax
Unique Features Of PNB Commercial Purchase

Below illustrated are the unique features of PNB Commercial Purchase:-

  • Favourable Interest Rates

    PNB ensures that acquiring commercial purchase loans through them is pocket friendly for the customer. It offers loan at a very favourable rate of interest.

  • Speedy and Transparent Procedure

    The premium banking customers stand a bright chance to avail special benefits . Every step towards disbursement is made clear to the customer hence there are no hidden charges involved and also the customers are kept very well informed.

  • Doorstep Service

    PNB doesn’t require you to come to them rather they will come to you. A perfect stop for the busy entrepreneurs who are looking out to expand their business with the minimal formalities involved.

  • Flexible Loan Tenure

    The maximum loan tenure for PNB Commercial Purchase is 15 years.

  • Maximmum Loan Amount

    There is no upper cap on the maximum amount that can be availed but the minimum amount is Rs 25 lakhs.