Punjab National Bank Car Loan

Punjab National Bank (PNB) car loans are on hand for purchase of New Car/ Van/ Jeep/ Multi Utility Vehicle (MUV)/ Sports Utility Vehicle (SUV) or for old vehicles that are not older than 3 years. Finance will be provide for purchase of vehicle of indigenous/ foreign makes. Loans are provided for individual use as fine as commercial/business utilize

Amount of loans for individuals is 25 times of the periodical net income OR Rs.25 lacs (for one or more vehicles), whichever is lower. Income of parent(s) / spouse can be taken into account for formative loan amount. throughout such cases, the close relative(s)/ other half shall stand as extra guarantor.

Details of PNB Car Loan. Use our calculator to compare offers from multiple banks

Interest Rate (Daily reducing balance)	11% fixed
Processing Fees	1% of loan amount with a max of Rs. 6000
Loan Tenure	1 year to 7 years for new vehicles 1 year to 5 years for old vehicles
Loan Amount	Up to 80% finance for new vehicles Up to 70% finance for old vehicles.
Guarantor Requirement	pledge of spouse, if employed/ earning or third party guarantee or else Collateral safety in the shape of moreover steady possessions or Liquid Security equal to 100% of loan amount additional pledge of shut relative(s)/ spouse to be taken encase their income have been taken account for determining loan amount

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