COMPARE : CAR LOANS
Punjab National Bank Car Loan
Introduction
Make your dream come to true of owning your brand new car with PNB car loan. Bank offers loan for the purchase of foreign make or Indian manufactured. Bank has set 20% margin on loan amount. Bank gives loan for all types of four wheelers.
Highlights
  New Car Used Car
Loan Type Term Loan Term Loan
Ex-Showroom/On Road On Road Ex-Showroom
Loan Amount Maximum amount of loan : 25 times of the monthly net salary OR Rs.25 lac, whichever is lower. Income of spouse can be taken into account for determining loan amount. In such cases, the spouse shall stand as a guarantor. 25 times of the monthly net salary OR Rs.25 lacs (for one or more vehicles), whichever is lower
Tenure Min. - 36 months.
Max. - 84 months.
Min. - 36 months.
Max. - 60 months.
Interest Rate 11.25 % 11.25 %
Time to Process Loan 5 days 4 days
Preferred Manufacturers Chevorlet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota Chevorlet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota
 Fees & charges
 Eligibility Criteria
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