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PNB Prime Plus — Construction & Mining Equipment

A distinct Prime Plus term-loan parameter set for construction and mining equipment, above ₹20 lakh and up to ₹50 crore, repayable over up to 84 months.

Facility amountMinimum: above ₹20 lakh. Maximum: ₹50 crore.Interest ratePrime Plus risk-/collateral-linked rate: RLLR + BSP plus a spread. The published spread ranges by collateral coverage are +0.20 to +3.50 percentage points; see the full risk/collateral table. No all-in CME rate is quoted.Customer typeEligible Prime Plus borrowers financing construction or mining equipment; Borrower must have been in business for at least 2 years
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Quick eligibility check

PNB Prime Plus — Construction & Mining Equipment

0 of 8 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: Prime Plus eligible borrower/entity conditions apply, plus at least 2 years in business?

Published source: Eligibility

2Do you meet this product condition: PNB's linked general MSME checklist requests entity/owner financial and KYC records, applicable MSME/GST registration, existing-bank statements, audited accounts/tax returns, projections and security/title records?

Published source: Application documents

3Do you meet this requirement: For term finance it requests a project report with machinery, supplier, price, capacity and production/loan-period projections?

Published source: Application documents

4Do you meet this requirement: the checklist is not CME-specific?

Published source: Application documents

5Do you meet this requirement: Eligible Prime Plus borrowers financing construction or mining equipment?

Published source: Customer type

6Document checkDo you have this required document or proof: PNB's linked general MSME checklist requests entity/owner asset and liability statements; applicable MSME and GST registrations; six months of statements from existing bankers; three years of audited accounts and applicable tax returns; current performance and projections; and security/title records?

Published source: Application documents

7Document checkDo you have this required document or proof: For equipment term finance, the checklist requests a project report describing the machinery, supplier, price, capacity, production and loan-period projections. The checklist is general, not CME-specific?

Published source: Application documents

8Document checkDo you have this required document or proof: Both linked amount-banded MSME application forms were reviewed: PNB-1016(R) up to ₹2 crore other than MUDRA and PNB-1017(R) above ₹2 crore. These general forms are not a CME-specific exhaustive checklist?

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

See the official bank source for geographic availability.

Key facts

What the official sources publish

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

Eligible equipmentFinancing for earth-moving equipment (including excavators, backhoe loaders, hydraulic excavators, motor graders, skid-steer loaders and bulldozers); concrete equipment (mixers, road rollers and crushers); material-handling equipment (cranes, forklifts and conveyors); road equipment (pavers, kerb-casting equipment, cold mixers and hot-mix plants); construction vehicles (dumpers, dumper trucks and trailers); and other construction/mining equipment.View source
The CME page enumerates the equipment groups and examples; ‘other’ construction/mining equipment is also included.
Source
PNB Prime Plus Scheme — CME parameters
Page / section
page 2, CME purpose list
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
FacilityTerm loan for purchase of eligible construction and mining equipment.View source
The CME subsection identifies the equipment-purchase purpose and lists the facility as Term Loan.
Source
PNB Prime Plus Scheme — CME parameters
Page / section
page 2, rows 1 and 3
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
EligibilityPrime Plus eligible borrower/entity conditions apply, plus at least 2 years in business.View source
The row says borrower eligibility is as per Prime Plus, with the added condition that the borrower has been in business for at least two years.
Source
PNB Prime Plus Scheme — CME parameters
Page / section
page 2, Eligible Borrower row
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Minimum business vintageAt least 2 years in business.View source
The added CME criterion is business vintage of at least two years.
Source
PNB Prime Plus Scheme — CME parameters
Page / section
page 2, Eligible Borrower row
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Facility amountMinimum: above ₹20 lakh. Maximum: ₹50 crore.View source
The CME loan amount is above ₹20.00 lakh and up to ₹50.00 crore.
Source
PNB Prime Plus Scheme — CME parameters
Page / section
page 2, Loan Amount
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Borrower marginMinimum 10%.View source
The CME parameter table sets minimum margin at 10%.
Source
PNB Prime Plus Scheme — CME parameters
Page / section
page 2, Margin
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Repayment tenureUp to 84 months, including a moratorium of up to 3 months.View source
The row says up to 84 months, inclusive of moratorium up to 3 months.
Source
PNB Prime Plus Scheme — CME parameters
Page / section
page 2, Repayment
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Primary securityHypothecation of all assets created out of the bank finance.View source
The CME row specifies hypothecation of all assets created out of bank finance.
Source
PNB Prime Plus Scheme — CME parameters
Page / section
page 2, Primary Security
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
CollateralAt least 25% coverage in immovable property or eligible liquid security, or 100% CGTMSE coverage, or 100% Hybrid Security Coverage under CGTMSE. Other CME criteria follow the main Prime Plus scheme.View source
The collateral row offers at least 25% in IP/eligible liquid security OR 100% OR 100% hybrid security coverage; other criteria follow the main Prime Plus scheme.
Source
PNB Prime Plus Scheme — CME parameters
Page / section
page 2, Collateral Security and Others
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
BenchmarkCurrent PNB RLLR: 8.35% effective 8 October 2026; CME follows Prime Plus pricing over RLLR+BSP and internal-risk/collateral terms.View source
CME follows Prime Plus pricing; the current page prints the Prime Plus + spread table and current 8.35% .
Source
PNB Interest Rates on Advances — current benchmarks
Page / section
row effective 8 October 2026; section 4.1 and Prime Plus CME cross-reference
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Interest ratePrime Plus risk-/collateral-linked rate: RLLR + BSP plus a spread. The published spread ranges by collateral coverage are +0.20 to +3.50 percentage points; see the full risk/collateral table. No all-in CME rate is quoted.View source
The CME directs rate and other unspecified criteria to the Prime Plus Scheme; PNB section 4.1 publishes its rating/collateral spread bands.
Source
PNB Interest Rates on Advances — current scheme rates
Page / section
Section 4.1 and CME cross-reference on page 2
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Fees and concessionsService charges and other criteria follow the main MSME Prime Plus Scheme: 50% concession in processing/upfront fee, documentation charges as applicable, and 25% concession on applicable LC/BG commission. Rupee amounts are not specified by the CME subsection.View source
The CME page says service charges and other criteria not specified there remain as per Prime Plus.
Source
PNB Prime Plus Scheme — CME parameters
Page / section
page 2, Others; cross-reference to page 1 Service Charges
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Application documentsPNB's linked general MSME checklist requests entity/owner financial and KYC records, applicable MSME/GST registration, existing-bank statements, audited accounts/tax returns, projections and security/title records. For term finance it requests a project report with machinery, supplier, price, capacity and production/loan-period projections; the checklist is not CME-specific.View source
The linked checklist's term-loan section calls for a detailed machinery/project report and related approvals, and its general items list financial, tax, and security records.
Source
PNB loan documents checklist
Page / section
pages 1–2, items 1–15 and term-loan project checklist
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Customer typeEligible Prime Plus borrowers financing construction or mining equipment; Borrower must have been in business for at least 2 yearsView source
The manually reviewed product record states: “Eligible Prime Plus borrowers financing construction or mining equipment; Borrower must have been in business for at least 2 years”.
Source
PNB Prime Plus — Construction & Mining Equipment — official product page
Page / section
Published product metadata
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Turnover / vintagePrime Plus entity, GST-where-applicable and Udyam rules also apply; the CME subsection adds at least 2 years in business.View source
The manually reviewed product record states: “Prime Plus entity, -where-applicable and Udyam rules also apply; the CME subsection adds at least 2 years in business.”.
Source
PNB Prime Plus — Construction & Mining Equipment — official product page
Page / section
Published product metadata
Accessed
8 Oct 2026
Confidence
high
Open official source ↗

Benefits and features

  • Up to 84 months including a moratorium of up to 3 months
  • Collateral route includes minimum 25% eligible property/liquid security, or 100% , or 100% hybrid coverage

Eligibility

  • Prime Plus entity, -where-applicable and Udyam rules also apply; the CME subsection adds at least 2 years in business.
  • The names earth-moving, concrete, material-handling, road, construction-vehicle and other construction/mining equipment.

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

Documents the bank lists

  • PNB's linked general checklist requests entity/owner asset and liability statements; applicable and registrations; six months of statements from existing bankers; three years of audited accounts and applicable tax returns; current performance and projections; and security/title records.
  • For equipment term finance, the checklist requests a project report describing the machinery, supplier, price, capacity, production and loan-period projections. The checklist is general, not CME-specific.
  • Both linked amount-banded application forms were reviewed: PNB-1016(R) up to ₹2 crore other than and PNB-1017(R) above ₹2 crore. These general forms are not a CME-specific exhaustive checklist.

Related official documents

PNB Credit Related Service Charges — processing and term-loan fee scopeofficial-service-charge-page · reused-current-fee-scope-reviewed-not-applied-generically · accessed 8 Oct 2026
↗
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 application for MSME loans above ₹2 crore — catalogue-linked PDFofficial-msme-loan-application-form · complete-text-and-visual-review-amount-band-form · accessed 8 Oct 2026
↗
PNB-1016 (R) application for MSME loans up to ₹2 crore, other than MUDRAofficial-msme-loan-application-form · complete-text-and-visual-review-amount-band-form · accessed 8 Oct 2026
↗
PNB MSME Banking catalogue — current scheme linksofficial-product-catalogue · current-catalogue-links-reviewed · accessed 8 Oct 2026
↗
PNB current general MSME loan application checklistofficial-application-checklist-pdf · reused-previously-reviewed-source · accessed 8 Oct 2026
↗
PNB MSME Prime Plus Scheme, including Construction & Mining Equipment parametersofficial-msme-scheme-pdf · complete-text-and-visual-review · accessed 8 Oct 2026
↗
PNB APR for term loans — general amount/rating illustrationsofficial-msme-term-loan-apr-pdf · reused-complete-review-not-product-mappable · accessed 8 Oct 2026
↗

Plan before applying

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Loan repayment estimate

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One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine 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

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Equipment · Published termEarth-moving; concrete; material-handling; road equipment; construction vehicles; and other construction/mining equipment. The gives examples including excavators, backhoe loaders, graders, bulldozers, mixers, rollers, crushers, cranes, forklifts, conveyors, pavers, cold mixers, hot-mix plants, dumpers and trailers.

This value is copied from PNB Prime Plus — Construction & Mining Equipment parameters. Check the table notes before relying on it.

Source: PNB Prime Plus Scheme — CME parameters · page 2, all rows 1–10 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 · 2 columnsPNB MSME Prime Plus — Construction & Mining Equipment parametersView tableHide table

Scroll sideways to view every column

PNB MSME Prime Plus — Construction & Mining Equipment parameters
ParameterPublished term
EquipmentEarth-moving; concrete; material-handling; road equipment; construction vehicles; and other construction/mining equipment. The gives examples including excavators, backhoe loaders, graders, bulldozers, mixers, rollers, crushers, cranes, forklifts, conveyors, pavers, cold mixers, hot-mix plants, dumpers and trailers.
Business vintageAt least 2 years
FacilityTerm loan
AmountAbove ₹20 lakh up to ₹50 crore
Minimum margin10%
RepaymentUp to 84 months including moratorium up to 3 months
Primary securityHypothecation of all assets created out of bank finance
Collateral alternativesMinimum 25% in immovable property or eligible liquid security; OR 100% coverage; OR 100% hybrid-security coverage under
RateSame Prime Plus internal-risk/collateral-linked rates; see linked current spread table
Other scheme criteriaAssessment, service charges, rating and inspection frequency follow the Prime Plus scheme where not specified in the CME subsection
PNB Prime Plus Scheme — CME parameters · page 2, all rows 1–10 · accessed 8 Oct 2026Open official source ↗
Table 2 · 3 rows · 3 columnsMSME Prime Plus — risk and collateral-linked rate spreadsView tableHide table

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MSME Prime Plus — risk and collateral-linked rate spreads
Collateral coverage of total exposureMinimum spread over +Maximum spread over +
Less than 50%+0.50 percentage points+3.50 percentage points
50% to less than 100%+0.35 percentage points+3.00 percentage points
100% and above+0.20 percentage points+2.00 percentage points
  • CME follows the Prime Plus rate row. Current is 8.35% effective 8 October 2026; and risk/coverage remain borrower-specific.
PNB Interest Rates on Advances — current scheme rates · Section 4.1 and page 2 cross-reference · accessed 8 Oct 2026Open official source ↗
Table 3 · 25 rows · 3 columnsPNB-linked MSME loan checklist — full published itemsView tableHide table

Scroll sideways to view every column

PNB-linked MSME loan checklist — full published items
ItemDocument / information requestedCondition
1Asset and liability statement of proprietor/partners/directorsAs applicable to the entity
2SSI/ registration and registration certificatesIf applicable
3Rent agreement for rented business premises; Pollution Control Board clearanceIf applicable
4Applicant should not be a defaulter with any bank/financial institutionApplicant condition in checklist
5Account statement for the last 6 months with existing bankersExisting bankers
6Three years' audited unit balance sheets with income-tax/ returns and applicable assessment orders; provisional balance sheet if latest audited balance sheet is unavailable; projected balance sheet/cash budget for the next two years for working-capital limits and for the loan period for term loansFinancial records and projection periods depend on facility
7Borrowing concern's year-to-date performance (balance sheet, profit and loss, etc.)As requested in checklist
8Information on legal heirs and relationship to applicantIndividual/sole proprietor/partner/ cases
9Government approvals for power, pollution and building plan; land allotment/conveyance deed; architect certificate validating construction cost; project report with machinery, suppliers, price, capacity, production, sales, profit/loss and balance-sheet projectionsTerm loans; items depend on project
10Month-wise sales and production; imported/indigenous raw materials; work-in-progress/finished stock; debtors, creditors and bank working-capital/term/bill-discounting outstandingAccount review information
11Manufacturing process, executive profiles, tie-ups, raw-material suppliers, buyers, competitors and comparative strengths/weaknessesManufacturing/where applicable
12Top 20 major suppliers and customers, with contact number/addressAs requested in checklist
13Unit profile: promoters/directors, business activity, office/plant addresses and shareholding patternAs applicable to entity
14External risk rating copyIf applicable/available for facility
15Lease/title deeds and approved plans for properties offered as primary/collateral securityWhere property security is offered
16Agreement with principalDistributors/sole selling agents/franchises
17Proof of minority statusIf applicable (the checklist cites SC/ST/OBC etc.)
18Borrowing concern and promoters'/directors'/partners' income-tax returnsAs requested in checklist
19Associate/allied concern details and their last three years' financial statements/borrowing arrangementsWhere associates/allied concerns exist
20Other-bank/FI sanction terms and reason for takeoverTakeover cases
21Existing-bank account position and confirmation that the asset is standardTakeover cases
22Orders in hand, status and copies of orders/letters of intent/contractsBank-guarantee limit
23Lease deeds, lease term/unexpired period/renewal/exit/penalty; lessor profile and lessee constitution, management, scale, years, business and profitabilityFuture-lease-rental discounting only
24Sanction letters with detailed terms and conditionsExisting sole/multiple/consortium-bank limits
25Any other document required under prevailing bank guidelinesBank's residual request
  • This is the full bank-linked general checklist, not a promise that all 25 items apply to every scheme. Product-specific terms and the sanctioned facility control; items are conditional where shown.
PNB loan documents checklist · pages 1–2, checklist items 1–25 · accessed 8 Oct 2026Open official source ↗

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