Home > Punjab National Bank Car Loan

Punjab National Bank Car Loan

Bank Link

http://https://www.pnbindia.in/En/ui/CarFinance.aspx

Loan Amount

25 times of the monthly net salary or Rs.25 lacs (for one or more vehicles), whichever is lower

Interest Rate

10.5% to 11.75%

Tenure

Up to 7 years for new cars and up to 5 years for old cars

Pre Payment Charges

Information not available

Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Service Charges

Processing Fee : 1% of the loan amount, with a maximum of Rs.6,000/- (+ taxes)

Docs Introduction

Guarantee / Collateral Security :

(i) Third party guarantee / collateral security is waived in following cases:

Permanent Employees of Central Govt. /State Govt. /PSUs/ MNCs/ Listed Companies at NSE/ BSE whose Shares are actively traded and quoted above par.

For other than salaried class borrowers where ex – showroom cost of the car is exceeding Rs.6 lac.


(ii) However the Guarantee of Parent(s) / Spouse will be taken in case their income has been considered for determining loan amount

Eligibility Introduction

Individuals as well as Business Concerns (Corporate or non-corporate).


Minimum net monthly salary / pension / income per month Rs. 20000/-. Income of spouse /Parent can be added.

Self
Minimum Age (in yrs.)

Information not available

Minimum Income (in Rs.)

Net monthly income - Rs. 20,000 p.m.

Minimum Work Experience (yrs.)

Information not available

Residence Status (yrs.)

Information not available

Id Proof

Passport or voter's card or driving licence or PAN card

Address Proof

Ration card or passport or latest electricity bill or latest telephone bill or latest credit card bill bank statements, last 6 months bank statements

DOB Proof

Birth Certificate or 10th Class Passing Certificate

Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.

Salaried
Minimum Age (in yrs.)

Information not available

Minimum Income (in Rs.)

Net monthly income - Rs. 20,000 p.m.

Minimum Work Experience (yrs.)

Information not available

Residence Status (yrs.)

Information not available

Id Proof

Passport or voter's card or driving licence or PAN card

Address Proof

Ration card or passport or latest electricity bill or latest telephone bill or latest credit card bill bank statements, last 6 months bank statements

DOB Proof

Birth Certificate or 10th Class Passing Certificate

Disclaimer: The Details shown may be different from actual. Please confirm on the bank site before process.
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