Punjab National Bank (International)
The UK subsidiary of Punjab National Bank, lending against commercial property, development schemes and SME trading businesses through seven branches in London and the Midlands.
What they do
Punjab National Bank (International) Limited is a deposit-funded UK subsidiary of the Indian state-owned bank, with branches in the City, Southall, Ilford, Wembley, Leicester, Birmingham and Wolverhampton. Around seven tenths of its lending is UK commercial real estate: buy-to-let, commercial term loans and development finance, alongside SME term lending and standby letter of credit-backed facilities. Business comes both directly and through broker panels. Regulated residential mortgages are excluded, and letter-of-credit lending requires documentary credit from a recognised bank.
Where they fit in a lower-mid-market raise
This is a property and SME lender for the communities its branch network serves, and a workable route for a borrower with UK and Indian business links who wants a bank that understands both. Development finance alongside investment lending gives it more range than most overseas-owned banks of its size, and the branch model means a local conversation rather than a portal.
Where they are not the fit
No ticket bands, margins or leverage limits are published, and the average facility implied by the loan book is modest, so single-facility capacity at the top of a £3–15m raise has to be confirmed before the bank is counted on. There is no sponsor-backed or leveraged proposition, and lending is secured rather than cashflow-based.
Published terms
- Pricing
- No published rate card or margin grid found; FSCS-protected fixed-term deposit rates (e.g. 4.72% 1-years AER as at 2026-08) give a floor signal but lending spreads not disclosed
- Speed to terms
- Not published
- Sponsored or sponsorless
- Corporate/property-investor focus; no evidence of private equity/sponsor-backed appetite
- Where they lend
- United Kingdom only; 7 branches: Moorgate (City of London HQ), Southall, Ilford, Wembley (Greater London), Leicester, Birmingham, Wolverhampton (Midlands)
- How they decide
- Branch network (Moorgate HQ, 7 branches across Greater London and Midlands) with board-level credit sign-off assumed for larger CRE; broker channel confirmed via Accelerated Finance panel
As published by the lender and last reviewed August 2026. Terms quoted on a deal are set by the credit, not by a published band.
The desks that lend
Punjab National Bank (International) lends through 4 separate books. Which one reads a deal decides the security, the covenant package and the band, so the question is rarely whether Punjab National Bank (International) lends, but which of these would own it.
Buy-to-let mortgage (residential & commercial)
- Security
- First legal charge over property; does not offer regulated mortgages
- Funds
- Acquisition · Refinance
Development finance
- Security
- Property-secured
- Funds
- Growth
Commercial real estate (CRE) term loan
- Security
- First legal charge over commercial property; loan to value not published
- Funds
- Acquisition · Refinance
SME term loan (sblc-backed)
- Security
- Standby letter of credit (SBLC) as primary security
- Funds
- Growth · Refinance
How they sit against the category
- 18 of the 42 publish an indicative price at all; it is one of them.
- It lends through 4 distinct desks, where most firms here run one or two.
Counted across the 42 challenger & specialist banks in this directory, on what each one publishes. What a lender discloses and what it will do are different things.
Questions this page answers
Does Punjab National Bank (International) lend to companies without a private-equity sponsor?
Yes. Punjab National Bank (International) lends to owner-managed and corporate borrowers, and publishes no private-equity sponsor proposition.
Where does Punjab National Bank (International) lend?
United Kingdom only; 7 branches: Moorgate (City of London HQ), Southall, Ilford, Wembley (Greater London), Leicester, Birmingham, Wolverhampton (Midlands).
What does Punjab National Bank (International) lend?
The published product set is buy-to-let mortgage, development finance, commercial real estate (cre) term loan, sme term loan. Published sector focus is care homes, commercial development, commercial property, commercial real estate, hotel.
On the record
March 2025: Net loans grew from $687m (Mar-2024) to $846m (Mar-2025), driven by UK CRE; UK real estate share rose to 69.39% of total portfolio (pnbint.com 2025 Annual Report — no named individual deals disclosed.
Sources: pnbint.com
This profile is a curated reference note drawn from public sources, not financial advice or a recommendation. Appetite and terms change; a lender's fit for a given credit is established by approaching it, not inferred from a page.