PNB INTRODUCES SUPER TRADE
Punjab National Bank (PNB) has introduced a new scheme named SUPER TRADE for financing Traders and Service Sector.
Under
this scheme finance is available to large number of traders and service
sector for financing their various requirements. For assessing the financial
needs, the Bank will require no other financial documents except for Sales
Tax Returns and the primary security will be hypothecation of stocks and
receivables. Bank will require stock statement only once in a year from
the borrower. Rate of interest on loan amount will also have linkage with
the value of Immoveable Property offered as collateral security.