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 |
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 |
| 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 |
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