PNB Car Loan

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Buy your dream Car

Rates as low as 8.50%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

PNB Car Loan Key Features

Interest Rate [email protected]%
Min Loan Amount ₹ 2,00,000
Max Loan Amount
(Loan to Value)
Loan up to 85% of On Road Price
or 100% of Ex-showroom Price
Loan Tenure 1 year to 7 years
Lowest EMI / Lac ₹ 1,596
Minimum Net Monthly Income ₹ 20,000
Minimum ITR for Self Employed ₹ 300,000
Age Criteria Salaried: 21 years to 60 years
Self Employed: 21 years to 65 years
Types of Cars For All New Passenger Cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicle (SUVs).
Processing Fee Up to 0.2% of the loan amount
Foreclosure Charges NIL
Basic Documentation ID Proof, Address Proof, Salary Slip, Bank Statement and Car Quotation

About PNB Car Loan

PNB provides Car Loan who wants to buy a Car. It offers you flexible repayment options. Also, provides low-interest rates for higher loan amount for Car Loan.

PNB offers Car Loans at reasonable rates of interest to the customer for buying a car either new or second hand. A car loan is easily available which can be got by anyone with a good credit/CIBIL score.

Advantages of PNB Car Loan

PNB Car Loan

PNB Car Loan Eligibility

Salaried Individual
  • Age – 21-60 years of age
  • Net Monthly Income – should be minimum ₹ 20,000
  • Employment Duration – Minimum 1 year
  • Income Eligibility – Depends on Form 16 and Salary Slip
Self-Employed Individuals
  • Age – 21-65 years of age
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
  • Applicant should have a vintage of at least 6 months
  • Average Quarterly Balance – Minimum Rs.1 lakh for last 2 quarters
  • Maximum Loan Amount – 3 X Average Quarterly Balance of Last 2 quarters

PNB Car Loan Interest Rate, Fees and Charges

Charges New Car Loan Used Car Loan
Interest Rate [email protected]% [email protected]%
Processing fee 1% of the loan amount(Max Rs. 6,000) 1% of the loan amount(Max Rs. 6,000)
Issuance of Duplicate Repayment Schedule Charges Rs.500 per instance Rs.500 per instance
Foreclosure Charges NIL NIL
Penal Interest 2% per month 2% per month
Part Payment charges 2% of the paid amount 2% of the paid amount
Cheque/Instrument Swap Charge NIL NIL
Documentation Charge Rs.1,500 per instance Rs.1,500 per instance
Issuance of Duplicate No Dues Certificate Charges NIL NIL
Registration Certification Collection Charge NIL NIL
Cheque Bounce/Instrument Return Charges Rs. 150 +GST Rs. 150+ GST
Issuance of Duplicate Statement Charges NIL NIL
Loan Cancellation/Re-booking Charges NIL NIL
Issuance of Credit Report Rs.50 per instance Rs.50 per instance

PNB Car Loan Documents Required

Salaried Individual

Category Documents Required
Identity Proof

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof

(Any 1)

Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof

(Any 1)

Birth Certificate
Passport
Driving Licence
PAN
Signature Proof

(Any 1)

Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Work Experience Certificate
ITR of Form 16
Salary Slip with Joining Date
Appointment Letter
Letter of Relieving

Self-Employed Individuals

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1) Passport
Bankers Verification
PAN
Income Proof Latest Form 16 and Salary Slips
Bank Statement Bank statement of last 3 months
Employment Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Business Proof Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category Documents Required
Identity Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
PAN
Voter ID
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents Authority Letter/PAN cards

2. Private Limited/Limited Companies

Category Documents Required
Identity Proof Copy of Latest MOA
Copy of Incorporation
Copy of Latest AOA
Address Proof (Any 1)
Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Bank statement of last 3 months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents
List of Directors and Shareholding Partners
PAN Card
Board Resolution
Certificate of Commencement of Business for Ltd. Co.

PNB Car Loan EMI Calculator

An applier has the option to check the EMI’s before getting a Car Loan. So, you can easily check through the link below:

Car Loan EMI Calculator

PNB Car Loan Types

PNB offers different types of car loans to its customers. You have the option of choosing the offer which suits your need the best. It offers the following types of Car Loans:

  1. New Car Loan –  If you want to buy a new car, this is the scheme for you. You can get a Car Loan from PNB for a minimum of Rs. 2 lakh and a minimum tenure of 7 years.
  2. Used Car Loan – If you want to buy a used car then you can choose offers a minimum loan of Rs. 2 lakh and a minimum tenure of 5 years.
  3. Loan Against Car – You can choose this scheme if you need urgent funds where you can keep your cars as security with the bank.

PNB Car Loan Pre Calculated EMI

How to Apply for PNB Car Loan?        pnb car loan

  1. Visit Dialabank and fill a form online.
  2. Our Relationship Manager will call you who provides you guidance throughout the process.
  3. You can compare various offers from banks and choose according to your suitability.
  4. You can easily apply for a Car Loan through Dialabank and enjoy best offers.

PNB Car Loan for Top Selling Cars

Other Available Products from PNB

PNB Personal Loan PNB Gold Loan PNB Home Loan
PNB Credit Card PNB Two Wheeler Loan PNB Education Loan

FAQs for PNB Car Loan

✅ What is PNB Car Loan?

PNB Car Loan is a car loan for you to purchase a new car and used car as well.

✅ How can I get Car Loan from PNB?

You can get a car loan from PNB by visiting the nearest branch of PNB. You will get benefit to apply from anywhere.

✅ How does PNB Car Loan work?

PNB offers car loan at attractive interest rates. You can get a car loan easily and quickly. PNB Bank provides flexible loan tenure duration.

✅ What is the Car Loan Interest Rate in PNB?

The interest rate charged by PNB for a car loan starts at 7.35%.

✅ How to Check Car Loan status in PNB?

You must visit the PNB branch to examine your car loan status. Also, you can use the net-banking facility of PNB.

✅ How to Calculate Car Loan interest in PNB?

For the calculation of your car loan interest in PNB, the following information is required:

  • Loan tenure
  • Loan amount
  • Interest rate

You can calculate your car loan interest and EMI from PNB through the EMI calculator.

✅ What is the maximum loan amount I can avail on Car Loan from PNB Bank?

You can avail a maximum loan amount for a car loan from PNB is up to 100% of Ex-showroom price or 85% of On Road Price.

✅ What is the loan tenure of PNB Car Loan?

The loan tenure period for a car loan from PNB ranges between 1 to 7 years.

✅ Can I get 100% Car Loan from PNB?

Yes, you can get loan up to 100% of Ex-showroom Price for a car loan from PNB.

✅ How much processing fee is applicable on PNB Car Loan?

PNB charged a processing fee is up to 1% of the loan amount or Maximum Rs. 6,000 for getting a car loan.

✅ What are the EMI options available on PNB Car Loan?

The EMI options available on PNB car loan are Step-up and Balloon EMI.

✅ What are the charges for Prepayment in PNB Car Loan?

PNB does not have any prepayment charges for availing a car loan.

✅ Can I get a top-up loan on my existing PNB Car Loan?

Yes, you can get a top-up loan on your existing PNB car loan. Also, get a top-up car loan by visiting the online platform of Dialabank.

✅ Do I need to provide a guarantor to avail a car loan from PNB?

Yes, you can avail a guarantor for getting a car loan from PNB. It will increase your car loan eligibility.

✅ How to get a PNB Car Loan Statement?

For getting a car loan statement of PNB, you can utilize PNB Bank’s mobile banking app. Also, visit the nearest PNB branch.

✅ How to pay PNB Car Loan interest online?

You can pay your car loan interest through the net -banking services of PNB. If you want a low-interest car loan, you must visit Dialabank online.

✅ What if I can’t pay the interest on PNB Car Loan for 3 months?

If you can’t pay the interest on PNB Car Loan for 3 months, then it will be added to the outstanding loan amount and repayment charges will reframe.

✅ How can I apply for EMI Moratorium on PNB Car Loan?

You can apply for EMI Moratorium on PNB through visiting the nearby branch of PNB or you can submit a request through an email. Also, if you want relief for the balance duration, you must apply through Dialabank.

✅ What is the number for PNB Car Loan agent?

The number for PNB Car Loan agent is 1800-180-2222.

✅ Can I close PNB car loan online?

You can close your car loan from PNB by using the net-banking page of PNB. You have to log in with your details on the net -banking page and pay your car loan.

✅ What is PNB Car Loan Customer Care Number?

The customer care number of PNB for car loan queries is 1800-103-2222.

✅ How can I get NOC from PNB for a car loan?

You can get a car loan NOC from PNB after the payment of your car loan.

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