To provide hassle-free credit for working capital requirements
To augment long-term margin
Purchase, construction or renovation of business premises, office, godown, shop, unit, etc.
Expansion of business
Acquisition/creation of fixed assets required for business purposes
To meet temporary liquidity mismatch
To repay business loans taken from other Banks/Financial Institutions
3
Eligibility
All MSMEs and Non-MSMEs for business purposes, except certain exclusions
4
Type of Facility
Overdraft – General
Overdraft – Reducing
Term Loan
Non-Fund Based Facility
5
Loan Amount
Need-based
6
Assessment of Loan
25% of projected annual sales or receipts, whichever is lower; or Cash Budget/Cash Flow Based method as per business activity; or 4 times average cash profit of the last 3 years; or maximum prescribed LTV, whichever is lower, subject to minimum prescribed LTV
7
Special Assessment for Professionals/Self-employed
Where proper financial statements are not maintained, such as by Doctors, Lawyers, Architects, other professionals and self-employed persons, MPBF can be given as 4 times annual income
8
OD Reducing & Term Loan Tenure
180 months
9
Overdraft General
1 year, subject to annual renewal
10
LTV – Residential Property
Maximum 65% of R.V. (Realizable Value) of property
11
LTV – Other than Residential Property
Maximum 60% of R.V. of property
12
ROI – Above ₹0.50 lakh up to ₹25 lakh
RLLR + BSP + 2.40%
13
ROI – Above ₹25 lakh up to ₹5 crore
RLLR + BSP + 1.10%
14
ROI – Above ₹5 crore
As per Card Rate linked to RLLR+BSP, subject to capping of RLLR+BSP+1.60%
15
Overdraft Processing Fee
0.25% p.a. of the limit
16
Term Loan Upfront Fee
0.50% of the loan amount
The above figures and conditions are taken directly from the uploaded PNB Sampatti Scheme document.
2. Purpose / Objective in Detail
Purpose
Explanation
Working Capital
Provides hassle-free credit for working capital requirements
Long-Term Margin
Helps augment long-term margin requirements
Business Premises
Can be used for purchase, construction or renovation
Office
Financing can be used for business office requirements
Godown
Financing available for business godown
Shop
Can be used for purchase/construction/renovation of shop
Business Unit
Can support business unit-related requirements
Business Expansion
Can be used for expansion of business
Fixed Assets
For acquiring or creating fixed assets required for business
Temporary Liquidity Mismatch
Can be used to tide over temporary liquidity mismatches
Takeover/Repayment of Existing Business Loans
Can be used to repay business loans from other Banks/Financial Institutions
These objectives are specifically listed in the scheme document.
3. Eligibility
Category
Eligibility
MSMEs
Eligible
Non-MSMEs
Eligible
Purpose
Business purpose
Exclusions
Subject to certain exclusions mentioned in the scheme
Professionals
Covered for the specific loan-assessment provision where proper financial statements are not maintained
Self-employed persons
Covered for the specific loan-assessment provision
The document does not provide the details of the “certain exclusions” on this page, so those exclusions should not be assumed from the available material.
4. Types of Credit Facilities
Facility
Available
Overdraft – General
Yes
Overdraft – Reducing
Yes
Term Loan
Yes
Non-Fund Based Facility
Yes
Thus, PNB Sampatti provides both fund-based facilities such as OD and Term Loan and non-fund-based facilities.
5. Loan Amount and Assessment
Loan Amount
Particular
Provision
Loan Amount
Need-based
There is no single fixed maximum loan amount stated in the uploaded document. The loan amount is determined on a need-based basis.
Loan Assessment
Assessment Basis
Provision
Projected Sales/Receipts Method
25% of projected annual sales or receipts, whichever is lower
Cash Budget Method
Based on Cash Budget/Cash Flow Based method according to business activity
Cash Profit Method
4 times the average cash profit of the last 3 years
LTV Method
Maximum prescribed LTV
Final Assessment
Whichever is lower, subject to minimum prescribed LTV
6. Special Provision for Professionals and Self-Employed Persons
Particular
Details
Who can benefit?
Doctors, Lawyers, Architects, other professionals, self-employed persons, etc.
Condition
Borrower is not maintaining proper financial statements
Assessment Basis
MPBF can be given as 4 times annual income
This is an important provision because the scheme provides an alternative assessment method for borrowers who do not maintain proper financial statements.
7. Tenure and Repayment
Facility
Tenure / Repayment
OD Reducing
180 months
Term Loan
180 months
Overdraft General
1 year
OD General Renewal
Subject to annual renewal
180 months = 15 years.
Therefore, the document effectively provides a maximum tenure of 15 years for OD Reducing and Term Loan.
8. Loan-to-Value (LTV)
Property Type
Maximum LTV
Residential Property
65% of R.V. of the property
Other than Residential Property
60% of R.V. of the property
Here, the document uses R.V. (Realizable Value) of the property as the basis for calculating LTV.
Example for Understanding
Property R.V.
Property Type
Maximum LTV
Maximum Loan Based on LTV
₹1 crore
Residential
65%
₹65 lakh
₹1 crore
Non-residential
60%
₹60 lakh
Note: These are illustrative calculations based only on the LTV percentages given in the document. Actual loan assessment may also be subject to the other assessment conditions specified under the scheme.
9. Rate of Interest
Loan Amount
Rate of Interest
Above ₹0.50 lakh up to ₹25 lakh
RLLR + BSP + 2.40%
Above ₹25 lakh up to ₹5 crore
RLLR + BSP + 1.10%
Above ₹5 crore
As per Card Rate linked to RLLR+BSP, subject to capping of RLLR+BSP+1.60%
