| Punjab National Bank Car Loan |
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| Introduction |
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| 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. |
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| Highlights |
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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.
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25 times of the monthly net salary OR Rs.25 lacs (for one or more vehicles), whichever is lower
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| Tenure |
Min. - 36 months.
Max. - 84 months.
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Min. - 36 months.
Max. - 60 months.
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| 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 |
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 Fees & charges
Fees & charges
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New Car |
Used Car |
| Stamp Duty |
As Per Actuals |
As Per Actuals |
| Legal, Repossession and Incidental Charges |
As Per Actuals |
As Per Actuals |
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| Comment on Charges |
Margin: 15%
Processing Fees-1%subject to a maximum of Rs.6000 |
Margin:30%
Processing Charges- 1% subject to a maximum of Rs.6000 |
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Eligibility Criteria
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Eligibility Criteria
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Salaried
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Salaried:
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| Income |
Rs 7000 |
| Age |
Min.: 21 Yrs. Max.: 58 Yrs. |
| Current Employment Years |
1 Yrs. |
| Total Employment Years |
3 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
Yes |
| Telephone |
No |
| Photograph |
Yes |
| Bank Statement |
Yes |
| Signature Proof |
Yes |
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Self Employed
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Self Employed:
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| Income |
Rs 600000 |
| Age |
Min.: 21 Yrs. Max.: 65 Yrs. |
| Total Employment Years |
3 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
Yes |
| Telephone |
No |
| Photograph |
Yes |
| Bank Statement |
Yes |
| Signature Proof |
Yes |
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