PNB Car Loan

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Buy your dream Car

Rates as low as 7.35%*
Up to 100% Funding
Doorstep Service
Hassle-free Disbursal
Unbiased Experts Advice

PNB Car Loan Key Features – Jan 2021

Interest Rate	7.50%
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).
PNB Car Loan Processing Fee	Up to 0.40% 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 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 Rates, Fees and Charges

Charges	New Car Loan	Used Car LoanP
PNB Car Loan Interest Rate	Starts @7.50%	Starts @7.50%
Processing fee	0.40%	0.40%
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

With this PNB car loan interest rate calculator, the 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:

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.
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.
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?

Visit Dialabank and fill a form online.
Our Relationship Manager will call you who provides you guidance throughout the process.
You can compare various offers from banks and choose according to your suitability.
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 Car 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 7.50%.

✅ 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 0.40% 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.

✅ What is the PNB Car Loan closure procedure?

Just go to the bank with the documents.
Write a letter for pre-closure of the PNB Car Loan account.
Pay the pre-closure charges as per PNB Car Loan.

✅ What is the PNB Car Loan preclosure charges?

PNB Car Loan preclosure charges are zero.

✅ What is the PNB Car Loan maximum tenure?

The PNB Car Loan maximum tenure is 7 years.

✅ What is the PNB Car Loan minimum tenure?

The PNB Car Loan minimum tenure is 1 year.

Table of Contents

1 PNB Car Loan Key Features – Jan 2021
2 About PNB Car Loan
3 Advantages of PNB Car Loan
4 PNB Car Loan Eligibility
5 PNB Car Loan Interest Rates, Fees and Charges
6 PNB Car Loan Documents Required
7 PNB Car Loan EMI Calculator
8 PNB Car Loan Types
9 PNB Car Loan Pre Calculated EMI
10 How to Apply for PNB Car Loan?
11 PNB Car Loan for Top Selling Cars
12 Other Available Products from PNB
13 FAQs for PNB Car Loan