e-GST Express Loan , e-GST Express Scheme , Punjab National Bank

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Benefits

Purpose

To provide hassle free credit digitally to meet working capital requirements related to business activity or for expansion of business.

Eligibility

Individual & Proprietorship .
The borrower not availing any active Working Capital Facility from any Bank or Financial Institution other than our Bank.
Business entities having an active Current Account with any bank since past 12 months.
GST registered units which have filed GST returns at least for the last 12 months
Udyam Registration is mandatory.

Type of Facility

Cash Credit

Loan Amount

Rs. 10.00 Lakh to Rs. 5.00 crore.

Loan Assessment

25% of GST Sales subject to the condition that minimum 75% of the sales is routed through the account.
If the above condition is not fulfilled, then the limit will be restricted to 25% of GST Sales or Credit summation whichever is less.

Benchmark Ratio

Not applicable; financial statements not required.

Tenure

1 year, renewable annually.

Security

CSTMSE Guarantee
OR
Minimum 75% Collateral security in the shape of SARFAESI compliant immovable property or Bank approved liquid security.

Interest Rate

Concessional rate linked to RLLR.

Unified Fee

0.20% of Loan Amount + applicable GST.

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