Purvanchal Bank 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

Purvanchal Bank Car Loan Key Features

Interest Rate 7.35%* per annum
Min Loan Amount ₹ 100,000
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 ₹ 2,311
Minimum Net Monthly Income ₹ 15,000
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 0.40% of the principal amount
Foreclosure Charges  5% of the principal outstanding
Basic Documentation ID Proof, Address Proof, Salary Slip, Bank Statement and Car Quotation

About Purvanchal Bank Car Loan

Purvanchal Bank having its head office at Gorakhpur operates through the network of its 571 branches, in eleven districts of Purvanchal. Dedicated employees are working hard for the noble cause of rural upliftment to enable rural masses to become self-dependent and capable of contributing to national growth in consonance with National and State level priorities.

Purvanchal Bank provides Car Loans at attractive rates of interest to the consumer for buying their dream car whether new or second hand. It is an easily available loan that can be procured by anyone even by ones who have a slightly low credit/CIBIL score.

Advantages of Purvanchal Bank Car Loan

Purvanchal Bank Car Loan

Purvanchal Bank Car Loan Eligibility

Salaried Individual
  • Age – 21-60 years of age
  • Net Monthly Income – should be minimum ₹ 15000
  • 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

Purvanchal Bank Car Loan Interest Rate, Fees and Charges

Charges New Car Loan Used Car Loan
Interest Rate 7.35% p.a. to 11.30% p.a. 14.80% p.a. to 16.80% p.a.
Processing fee 0.40% of the principal amount 1% of the loan amount or Rs.6,000, whichever is lower
Issuance of Duplicate Repayment Schedule Charges Rs.500 per instance Rs.500 per instance
Foreclosure Charges 5% of the principal outstanding 5% of the principal outstanding
Penal Interest 2% per month 2% per month
Part Payment charges 5% of the paid amount 5% of the paid amount
Cheque/Instrument Swap Charge Rs.500 per instance Rs.500 per instance
Documentation Charge Rs.500 per instance Rs.500 per instance
Issuance of Duplicate No Dues Certificate Charges Rs.500 per instance Rs.500 per instance
Registration Certification Collection Charge Rs.200 per instance Rs.200 per instance
Cheque Bounce/Instrument Return Charges Rs.500 per instance Rs.500 per instance
Issuance of Duplicate Statement Charges Rs.500 per instance Rs.500 per instance
Loan Cancellation/Re-booking Charges Rs.2,500 per instance Rs.2,500 per instance
Issuance of Credit Report Rs.50 per instance Rs.50 per instance

Purvanchal Bank 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.

Purvanchal Bank Car Loan EMI Calculator

The applicant has the option to know the EMI’s before availing a Car Loan. Thus, you can easily check through the link below:

Car Loan EMI Calculator

Purvanchal Bank Car Loan Types

Purvanchal Bank 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 –  Those who wish to buy a new car, this is the scheme for you. You can take Purvanchal Bank Car Loan for a minimum of Rs. 1 lakh and a minimum tenure of 7 years.
  2. Used Car Loan – If you wish to buy a used car then you can choose this scheme which offers a minimum loan of Rs. 1 lakh and a minimum tenure of 5 years.
  3. Loan Against Car – You can opt for this scheme if you are in need of urgent funds where you can keep your cars as collateral with the bank where you can get Rs. 10 lakh or up to 50% of your car’s value.

Purvanchal Bank Car Loan Pre Calculated EMI

How to Apply for Purvanchal Bank Car Loan?

  1. Visit Dialabank and fill a form.
  2. Wait for a call from our Relationship Manager who will guide you throughout the process.
  3. You can compare different offers from banks and NBFCs and choose the one which suits your needs.
  4. Thus, easily apply for a Car Loan through Dialabank and enjoy the best offers.

Purvanchal Bank Car Loan for Top Selling Cars

Other Available Products from Purvanchal Bank

Purvanchal Bank Personal Loan Purvanchal Bank Gold Loan Purvanchal Bank Home Loan
Purvanchal Bank Credit Card Purvanchal Bank Two Wheeler Loan Purvanchal Bank Education Loan

FAQs for Purvanchal Bank Car Loan

What is the Purvanchal Bank Car Loan?

Purvanchal Bank car loan is the mortgage sum provided to its customers by the firm for a new or used car.

How can I get a Car Loan from Purvanchal Bank?

  1. Visit Dialabank and fill a form.
  2. Wait for a call from our Contact Director who will guide you throughout the method.
  3. You can compare different offers from banks and other companies and pick the one which suits your needs.
  4. Thus, easily apply for a Car Loan through Dialabank and experience the best offers.

✅ How does Purvanchal Bank Car Loan work?

When you will appeal for a car loan, then you will get a call from our agent and then, there will a document verification method. Then, the loan amount will be credited to your account.

✅ What is the Car Loan Interest Rate in Purvanchal Bank?

The interest rate on a car loan in the Purvanchal Bank is 7.35% only.

✅ How to Check Car Loan status in Purvanchal Bank?

You can trace your car loan status online on the Car loan status website.

✅ How to Calculate Car Loan Interest in Purvanchal Bank?

Use Dialabank’s EMI calculator to discover out the interest as well as the EMI on your loan.

What is the maximum loan amount I can avail of on Car Loan from Purvanchal Bank?

The maximum loan amount you can avail of on a car loan is up to 90% of On Road Price.

What is the loan tenure of the Purvanchal Bank Car Loan?

The loan tenure of the Purvanchal Bank Car Loan is a maximum of 7 years.

✅ Can I get a 100% Car Loan from Purvanchal Bank?

Yes, you can get a 100% Ex-showroom Price car credit from Purvanchal Bank.

How much Processing Fee is applicable to the Purvanchal Bank Car Loan?

Purvanchal Bank charges a processing fee of 0.40% of the principal amount Only.

✅ What are the EMI options available on the Purvanchal Bank Car Loan?

Purvanchal Bank Provides two EMI options Step-up EMI and Balloon EMI.

What are the charges for Prepayment in Purvanchal Bank Car Loan?

You can prepay/foreclose your Purvanchal Bank Car Loan with 5% as foreclosure prices.

Can I get a top-up loan on my existing Purvanchal Bank car loan?

You can get a top-up loan on your current car loan from Purvanchal Bank for up to 150% of its value.

Do I need to provide a guarantor to avail a car loan from the Purvanchal Bank?

Generally, you don’t need a guarantor for a car loan. Nevertheless, you may require a guarantor if you don’t fulfill the eligibility criteria.

How to get the Purvanchal Bank Car Loan Statement?

Get the statement in person by visiting your branch and requesting a detailed statement.

                                                       or

You can get the statement online. To do this, you should have Purvanchal Bank internet funding initiated.

How to Pay Purvanchal Bank Car Loan Interest Online?

Simply logon to online Purvanchal Bank payment to ‘see and pay’ your bills. You also get an automatic acceptance for every bill paid by you using e-PAY. You can also pay through Paytm.

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

Purvanchal Bank imposes 24% of the exceptional amount or a Fee ranging from Rs.500 to Rs.5000 for not paying the EMI for 3 months.

How can I apply for EMI Moratorium on Purvanchal Bank Car Loan?

You can apply for EMI Moratorium on Purvanchal Bank Car Loans directly from the Purvanchal Bank website’s Loan corner.

✅ What is the number for the Purvanchal Bank Car Loan agent?

Call Dialabank at 9878981166 as it is one of the most advanced Purvanchal Bank Car Loan agents. Dialabank even ensures the best offers on your Car Loan.

✅ Can I close the Purvanchal Bank car loan online?

Purvanchal Bank car loans can be closed by visiting the nearest branch and clearing off the excellent amount.

✅ What is the Purvanchal Bank Car Loan Customer Care Number?

Call 9878981166 and clear any of your queries with us anytime.

✅ How can I get NOC from the Purvanchal Bank for a Car loan?

You can get NOC directly from the department for Purvanchal Bank Car Loans.

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