LETTER OF SANCTION

(For Small borrowers availing loans under Priority Sectors upto Rs. 25,000/only)

PUNJAB NATIONAL BANK

Mr/ Mrs/ Ms.
Ref. : Your loan application dated ________________ for Rs. _______________ for
__________________
With reference to your loan application, we are pleased to inform that a loan
of Rs. __________________has been sanctioned to you on the usual terms and
conditions of the bank. Details regarding loan amount, margin, rate of interest and
repayment programme will be as under :
LOAN AMOUNT _______________________________
MARGIN _____________________________________
RATE OF INTEREST ___________________________
REPAYMENT PROGRAMME ____________________
(In case of Term Loans)
You are requested to call on us on any working day during office hours for
completion of loan documents and other formalities for disbursement of the loan.

Yours faithfully,

MANAGER