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PNB e-Dealer Scheme for

Invoice-backed working-capital cash credit for authorized exclusive Petroleum Division dealers, up to ₹2 crore, with collateral requirements linked to dealership tenure.

Maximum financeUp to ₹2 crore. The scheme sheet states no minimum limit.Interest rateMSME borrowers: minimum 25% collateral, RLLR+BSP+0.85%; nil collateral, RLLR+BSP+1.30%. Other borrowers: minimum 25% collateral, 1-year MCLR+0.30%; nil collateral, 1-year MCLR+0.75%. Current benchmarks checked separately: RLLR 8.35% effective 8 October 2026 and one-year MCLR 8.80% effective 1 October 2026. BSP is not stated, so no MSME all-in value is calculated.Eligible dealerExisting proprietorships, partnerships, LLPs, companies, trusts, societies and other listed entities with valid IOCL dealership agreement. Existing IOCL Petroleum Division dealers need one year of dealership; new dealers in the social-objective category need specific written IOCL recommendation. Dealer must be an authorized exclusive Petroleum Division dealer identified by IOCL through a Corporate Opinion Report; bank/FI account conduct must be satisfactory.
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Quick eligibility check

PNB e-Dealer Scheme for

0 of 7 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Existing proprietorships, partnerships, LLPs, companies, trusts, societies and other listed entities with valid IOCL dealership agreement?

Published source: Eligible dealer

2Do you meet this requirement: Existing IOCL Petroleum Division dealers need one year of dealership?

Published source: Eligible dealer

3Do you meet this requirement: new dealers in the social-objective category need specific written IOCL recommendation?

Published source: Eligible dealer

4Do you meet this requirement: Dealer must be an authorized exclusive Petroleum Division dealer identified by IOCL through a Corporate Opinion Report?

Published source: Eligible dealer

5Do you meet this requirement: bank/FI account conduct must be satisfactory?

Published source: Eligible dealer

6Document checkDo you have this required document or proof: Valid IOCL dealership agreement; for a new dealer in the social-objective category, specific written IOCL recommendation?

Published source: Documents

7Document checkDo you have this required document or proof: The scheme requires IOCL identification through a Corporate Opinion Report. The reviewed sheet does not contain a full product-specific application checklist?

Published source: Documents
0 of 7 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 8 Oct 2026 · active
Offered byPunjab National Bank

dealers across India under the PNB– tie-up

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Facility and invoice useCash-credit working capital for authorized exclusive IOCL Petroleum Division dealers. Each draw is against an invoice for goods supplied/to be supplied and is paid only to the manufacturer's account. Each invoice has a fixed tenor; the scheme sheet states no numeric duration.View source
The invoice tenor is described as fixed but no numeric duration is supplied.
Source
PNB e-Dealer Scheme for (Financing Petroleum Dealers of )
Page / section
page 1, dealer-finance description and scheme rows 1–3
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Eligible dealerExisting proprietorships, partnerships, LLPs, companies, trusts, societies and other listed entities with valid IOCL dealership agreement. Existing IOCL Petroleum Division dealers need one year of dealership; new dealers in the social-objective category need specific written IOCL recommendation. Dealer must be an authorized exclusive Petroleum Division dealer identified by IOCL through a Corporate Opinion Report; bank/FI account conduct must be satisfactory.View source
Distinct existing/new dealer conditions and identification are retained.
Source
PNB e-Dealer Scheme for (Financing Petroleum Dealers of )
Page / section
pages 1–2, scheme purpose and row 4 Eligible Dealers
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Facility typeCash-credit working-capital running account, with invoice-level draws to the manufacturer.View source
The product row says cash credit; the introduction describes invoice draw mechanics.
Source
PNB e-Dealer Scheme for (Financing Petroleum Dealers of )
Page / section
pages 1–2, dealer-finance description and row 2 Type of Facility
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Maximum financeUp to ₹2 crore. The scheme sheet states no minimum limit.View source
Only the stated maximum is entered.
Source
PNB e-Dealer Scheme for (Financing Petroleum Dealers of )
Page / section
page 2, row 5 Loan Amount
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Invoice marginNil margin; 100% funding of invoices.View source
The explicitly pairs nil margin with 100% invoice funding.
Source
PNB e-Dealer Scheme for (Financing Petroleum Dealers of )
Page / section
page 2, row 6 Margin
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Interest rateMSME borrowers: minimum 25% collateral, RLLR+BSP+0.85%; nil collateral, RLLR+BSP+1.30%. Other borrowers: minimum 25% collateral, 1-year MCLR+0.30%; nil collateral, 1-year MCLR+0.75%. Current benchmarks checked separately: RLLR 8.35% effective 8 October 2026 and one-year MCLR 8.80% effective 1 October 2026. BSP is not stated, so no MSME all-in value is calculated.View source
All four printed borrower/collateral formulas are mapped. metadata is 2022 and no revision date is printed; the current catalogue still links it.
Source
PNB e-Dealer Scheme for (Financing Petroleum Dealers of )
Page / section
page 2, row 8 Rate of Interest; benchmark snapshot from current PNB rate page
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Primary security and guarantees100% hypothecation of stock and receivables. Personal guarantee of the unit's promoter, directors or partners is required.View source
Primary hypothecation and personal guarantees are separate requirements.
Source
PNB e-Dealer Scheme for (Financing Petroleum Dealers of )
Page / section
page 2, row 7 Security — Primary and Guarantee
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Collateral securityNil if IOCL dealership tenure is at least 5 years. Otherwise minimum 25% tangible collateral in immovable property or PNB-approved liquid securities. Petrol-pump outlet land requires prior IOCL permission to mortgage. Third-party collateral owner must guarantee the facility; bank/FI account conduct must be satisfactory.View source
Retains the 5-year nil-collateral route and all stated alternative conditions.
Source
PNB e-Dealer Scheme for (Financing Petroleum Dealers of )
Page / section
page 2, row 7 Security — collateral clauses a–e
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Unified service chargesIncludes processing, inspection and documentation: sanctioned limit up to ₹25 lakh, ₹10,000 + applicable GST; above ₹25 lakh to ₹1 crore, ₹15,000 + applicable GST; above ₹1 crore, ₹20,000 + applicable GST. Insurance, state-specific stamp duty, NEC, valuation, CIC and CERSAI charges are borne at actuals.View source
All thresholds, and named actual-cost items are transcribed.
Source
PNB e-Dealer Scheme for (Financing Petroleum Dealers of )
Page / section
page 3, row 9 Unified Service Charges and following actual-cost paragraph
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Geographic limitsIOCL dealers across India under the PNB–IOCL tie-upView source
The manually reviewed product record states: “ dealers across India under the PNB– tie-up”.
Source
PNB e-Dealer Scheme for — official product page
Page / section
Published product metadata
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
DocumentsValid IOCL dealership agreement; for a new dealer in the social-objective category, specific written IOCL recommendation.; The scheme requires IOCL identification through a Corporate Opinion Report. The reviewed sheet does not contain a full product-specific application checklist.View source
The manually reviewed product record states: “Valid dealership agreement; for a new dealer in the social-objective category, specific written recommendation.; The scheme requires identification through a Corporate Opinion Report. The reviewed sheet does not contain a full product-specific application checklist.”.
Source
PNB e-Dealer Scheme for — official product page
Page / section
Published product metadata
Accessed
8 Oct 2026
Confidence
high
Open official source ↗

Benefits and features

  • Cash-credit running account with invoice-level disbursements only to the manufacturer
  • 100% invoice funding with nil margin
  • Nil collateral when dealership tenure is at least 5 years

Eligibility

  • For authorized exclusive Petroleum Division dealers identified through an Corporate Opinion Report.
  • Existing entities need a valid dealership agreement and one year of dealership; new social-objective-category dealers need specific written recommendation.
  • Bank/FI account conduct must be satisfactory.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Valid dealership agreement; for a new dealer in the social-objective category, specific written recommendation.
  • The scheme requires identification through a Corporate Opinion Report. The reviewed sheet does not contain a full product-specific application checklist.

Related official documents

PNB Interest Rates on Advances — current MCLR and RLLR benchmarksofficial-bank-rate-page · reused-current-benchmark-reviewed-2026-10-08 · accessed 8 Oct 2026
↗
PNB MSME Banking catalogue — current scheme linksofficial-product-catalogue · current-catalogue-links-reviewed · accessed 8 Oct 2026
↗
PNB e-Dealer Scheme for IOCL (Financing Petroleum Dealers of IOCL)official-msme-scheme-pdf · all-three-pages-text-and-visual-review-complete · accessed 8 Oct 2026
↗
PNB Other Advances (Not Specified Elsewhere) interest-rate scheduleofficial-interest-rate-page · shared-official-rate-sections-reviewed-exact-applicability-mapped · accessed 8 Oct 2026
↗

Plan before applying

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹52,455fifty-two thousand four hundred fifty-five rupees
Interest paid over the full loan₹1,00,89,297one crore eighty-nine thousand two hundred ninety-seven rupees
Everything you repay₹1,25,89,297one crore twenty-five lakh eighty-nine thousand two hundred ninety-seven rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

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Intro · ParameterDealer-finance operation

This value is copied from PNB e-Dealer Scheme for — complete published terms. Check the table notes before relying on it.

Source: PNB e-Dealer Scheme for (Financing Petroleum Dealers of ) · pages 1–3, intro and rows 1–9 Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 10 rows · 3 columnsPNB e-Dealer Scheme for IOCL — complete published termsView tableHide table

Scroll sideways to view every column

PNB e-Dealer Scheme for IOCL — complete published terms
No.ParameterPublished description
IntroDealer-finance operationWorking-capital running-account facility. Each disbursement is against a manufacturer's invoice for goods supplied/to be supplied, has a fixed tenor and is paid only to the manufacturer's account. PNB has a tie-up with to finance its dealers across India.
1Product namePNB e-Dealer Scheme for (Financing Petroleum Dealers of ).
2Facility typeCash-credit facility.
3PurposeFinance authorized exclusive Petroleum Division dealers identified by through a Corporate Opinion Report under the tie-up.
4Eligible dealersExisting proprietorship, partnership, , company, trust, society and other listed entities with valid dealership agreement. Existing Petroleum Division dealers require 1 year of dealership. New dealers in the social-objective category need a specific written recommendation. identifies eligible dealers through Corporate Opinion Report.
5Loan amountMaximum up to ₹2 crore; minimum not stated.
6MarginNil; 100% invoice funding.
7Security and guaranteesPrimary: 100% hypothecation of stock and receivables. Collateral nil for dealership tenure ≥5 years; otherwise minimum 25% tangible immovable or PNB-approved liquid security. Petrol-pump land requires prior permission to mortgage. Third-party collateral owner guarantee required. Satisfactory bank/FI account conduct; personal guarantee of promoter/directors/partners.
8Interest matrix with ≥25% collateral: ++0.85%; nil collateral: ++1.30%. Other borrowers with ≥25% collateral: 1-year +0.30%; nil collateral: 1-year +0.75%. The linked scheme metadata date is 25 August 2022; no revision/effective date printed.
9Unified service chargesIncludes processing, inspection and documentation: up to ₹25 lakh, ₹10,000 + ; >₹25 lakh to ₹1 crore, ₹15,000 + ; >₹1 crore, ₹20,000 + . Insurance, state-specific stamp duty, NEC, valuation, and CERSAI paid at actuals.
  • The scheme says each invoice has a fixed tenor but gives no numeric duration.
  • Current benchmarks: 8.35% effective 8 October 2026; one-year 8.80% effective 1 October 2026. not quantified in the reviewed rate page; no all-in rate calculated.
PNB e-Dealer Scheme for (Financing Petroleum Dealers of ) · pages 1–3, intro and rows 1–9 · accessed 8 Oct 2026Open official source ↗
Table 2 · 2 rows · 4 columnsPNB current lending benchmark values — dated contextView tableHide table

Scroll sideways to view every column

PNB current lending benchmark values — dated context
BenchmarkCurrent valueEffective dateScheme use
8.35%8 October 2026 benchmark; formula base; remains additionally applicable.
1-year 8.80%1 October 2026 other-borrower benchmark; other-borrower formula base.
  • Benchmarks are from the current PNB advances-rate page; they are not a product quote or evidence of a revised date for either old scheme .
PNB Interest Rates on Advances — current benchmarks · and benchmark tables · accessed 8 Oct 2026Open official source ↗

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