PNB Car Loan
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AVAIL THE LOWEST RATE OF INTEREST ON CAR LOAN FROM PNB
CLICK HERE TO APPLY ONLINE OR CALL US ON 600 11 600
PNB stands for Punjab National Bank is the financial services whose headquarter is in New Delhi. This state owned bank is founded by Lala Lajpat Rai in 1895.PNB providesCar Loan Scheme for purchasing 2/4 wheeler vehicles (like car, scooter, motorcycle etc.). The borrower can avail maximum loan amount of 25 lacs depending upon the person's credit worthiness and vehicle amount.
What is PNB Car Loan?
PNB Car Loan designed for those who wish to finance a car for the personal use. It is the way you can borrow money from future. A car loan helps the person to immediate use of the car in exchange of regular payments given by the borrower to the lender.
PNB Car Loan Amount
- For Individuals / Proprietorship Concerns: Monthly net salary 25 times of the Rs.25 laces (for one or more vehicles), whichever is lower. Income of parent(s) / partner can be taken into account for determining loan rate. In such cases, the parent(s)/ partner shall stand as additional guarantor.
- For Business Concerns (Corporate or non-corporate): No ceiling on loan rate (for one or more vehicles)
PNB Car Loan Security Required
- Third party guarantee / helpful security are waived in following cases:
- Permanent Employees of Central Govt. /State Govt. / MNCs/ PSUs listed Companies at NSE/ BSE whose Shares are actively traded and quoted above par.
- Other salaried class borrowers where ex – showroom rates of the car is exceeding Rs.6 lakh.
- The Guarantee of Parent(s) / partner will be taken in case their income has been considered for determining loan amount.
Car Loan Interest Rate
| Fees and Charges of Car Loan | Documents Required for Car Loan |
| Eligibility Criteria for Car Loan | Features and Benefits of Car Loan |
PNB Car Loan Interest Rates
- BPLR - 13.00% (w.e.f. 01.02.2011) BASE RATE - 9.50% (w.e.f. 01.02.2011)
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BPLR System |
Base Rate System |
||
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Less than 3 yrs |
3 yrs & above |
Less than 3 yrs |
3 yrs & above |
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10.50% |
11.00 % |
BR+2.00% |
BR+2.00%+TP |
PNB Car Loan Important Factors
Following are the factors which determine PNB Car Loan:
- Relationship with the bank you intend to take a loan from.
- Company status.
- Income.
- Credit and payment history.
PNB Car Loan Eligibility
Following are the Eligibility of PNB Car Loan:
Car Loan applicants on the basis of eligibility criteria for self-employed individuals are paid and volumes for each residence, income and various documents for signature verification, such as the various details of proof to be submitted as necessary.
Salaried individuals
- The applicant's minimum age: 21 years.
- Car Loan applicants at maturity of age: 60 years.
- Minimum employment: 1 year 2 years of current employment.
- Gross domestic income i.e. spouse's income, including: 100,000 rupees net annual income.
- Telephone: housing must be on.
Self employed individuals
- The applicant minimum age: 21 years.
- Car Loan applicants at maturity of age: 65 years.
- Minimum employment: at least 3 years.
- Minimum annual income: RS. 60, 000.
- Telephone: housing must be on.
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| Axis Bank Car Loan | HDFC Car Loan | ICICI Car Loan | Other Banks |
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