PNB’s merchant loan is a specially designed offering to support traders, small businesses, and entrepreneurs. This loan provides quick access to funds to meet working capital needs, purchase inventory, or expand operations. With competitive interest rates, flexible repayment terms, and minimal documentation, the merchant loan ensures seamless financial support. PNB also offers a simple application process and personalised assistance, making it an ideal solution for merchants looking to grow their businesses.

Bajaj Pay, the BBPS platform on Bajaj Finserv, makes loan repayments seamless and efficient. With this platform, you can view, pay, and download your loan repayment receipt with just a few clicks. Bajaj Pay also supports payments for various other financial obligations, allowing you to streamline multiple payments in one place.

How to make your Punjab National Bank merchant loan repayment through the Bajaj Finserv website

Follow the steps below:

1. Visit the website: Go to the Bajaj Finserv homepage.

2. Navigate to payments: Click on the ‘BILLS AND RECHARGES’ section.

3. Select loan repayment: Choose ‘LOAN REPAYMENT’ under financial services.

4. Choose your biller: Select your loan provider from the drop-down list.

5. Enter loan details: Input your loan number and click ‘FETCH YOUR BILL’.

6. Select payment method: Choose from options like credit card, debit card, UPI, or net banking.

7. Enter payment Information: Fill in the required payment details.

8. Confirm payment: Review all details and click ‘PAY NOW’ to complete the transaction.

You will receive a confirmation notification after successful payment.

Payment via internet banking and debit card

1. Internet banking: Users can access their bank's online portal, select Punjab National Bank as a biller, and enter their loan account details to complete the payment. This method ensures secure transactions and instant confirmation.

2. Debit card payments: Customers can use debit cards directly on platforms like Bajaj Finserv. Simply enter the required information, including the loan account number, and authorise the payment.

Benefits of downloading Punjab National Bank merchant loan repayment receipt online

Downloading your Punjab National Bank Merchant Loan Repayment receipt online offers several significant benefits:

• Easy access: Digital receipts can be accessed anytime from your mobile device or computer, eliminating the need for physical storage.
• Instant confirmation: Receive immediate confirmation of your payment via email or SMS, ensuring you have proof of transaction.
• Enhanced security: Digital receipts are protected by secure systems, reducing the risk of loss or theft compared to paper receipts.
• Efficient record-keeping: Organise and sort receipts easily, making tracking payments and managing finances simpler.
• Environmentally friendly: Going paperless contributes to sustainability efforts by reducing paper waste.

Late payments: penalties and policies

Late payments on loans from Punjab National Bank can lead to specific penalties and policies designed to encourage timely repayment. Here are some key points:

• Late fees: A fixed penalty may be charged for each missed payment, increasing the overall loan cost.
• Interest rate adjustments: Late payments can result in higher interest rates on outstanding balances.
• Credit score impact: Delayed payments may negatively affect your credit score, influencing future borrowing.
• Contact Punjab National Bank support for merchant loan queries
• For any Punjab National Bank Merchant Loan-related queries, customers can use the following contact options:
• Toll-free number/Customer care number: 1800 1800/ 0120-2490000
• Email ID: care@pnb.co.in

Fees and charges

A convenience fee of up to 2% will be charged depending on the transaction amount and payment mode (inclusive of applicable taxes). For more information on fees and charges, click here.

Note: For failed transactions, the total amount including charges except taxes are reversed.