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Financial Services to Individuals
THE PUNJAB PROVINCIAL COOPERATIVE BANK LTD.
A farmer friendly Bank committed to development of agriculture Sector ...
LOAN FOR INDIVIDUALS
PPCBL Business Finance (individual)
- Finance under this scheme is available to individual / sole proprietors / partnership concerns doing
- Business in town committee area and borrower must be local resident.
- Nature of Business may be Aartis / agri. Wholesalers, pesticide / fertilizer dealer, agri. input
dealer and other businesses like departmental stores, grocery stores, electric stores etc.
- Maximum Loan amount is Rs. 3.0 million
- Period of finance is 1 year and have option to rollover at expiry
- Rate of Markup is 18% p.a. with quarterly payments.
- Collateral may be Urban / agri. land having double of loan amount.
- Minimum business tenure 5 years.