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 Eligibility
| Salaried Individual |
|
| Self-Employed Individuals |
|
| Self-Employed Non-Individuals (Company/Partnership) |
|
| Priority Customers |
|
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:
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 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.