Punjab National Bank Car Loan

Punjab National Bank Car Loan
Used this product? Write a review >>

Punjab National Bank is an Indian financial services company based in New Delhi, India. Founded in 1895, the bank has over 5,800 branches and over 6,000 ATMs across 764 cities. It serves over 80 million customers. Available for purchase of New Car/ Van/ Jeep/ Multi Utility Vehicle (MUV)/ Sports Utility Vehicle (SUV) or for old vehicles that are not older than 3 years. Finance will be provided for purchase of vehicle of indigenous/ foreign makes. To know more, follow some simple steps given below to get attractive deals.


You’re probably eligible for an Punjab National Bank Car Loan if you are

01
02
03
04
Punjab National Bank Car Loan Minimum Age

At least 21 years old

Punjab National Bank Car Loan Maximum Age

Less than 60 years old

Punjab National Bank Car Loan Eligible Employment Type

Salaried or self-employed
with regular income

Punjab National Bank Car Loan Minimum Income

Earn more than the minimum
income required


Your Punjab National Bank Car Loan amount eligibility is based on these factors

01
02
03
Punjab National Bank Car Loan Minimum Salary

Minimum income required
Rs.20,000 per month

Punjab National Bank Car Loan Maximum Loan to Value

Loan capped @
85% of the ex-showroom price

Punjab National Bank Car Loan EMI

EMIs of other loans lower
your eligibility


Increase your eligible Punjab National Bank Car Loan amount by these steps

01
02
Punjab National Bank Car Loan Payoff Outstanding Credit Card Bills

Pay off your credit card bills

Punjab National Bank Car Loan Maximum Tenure

Choose longer tenure loan up to 7 years


Documentation needed to apply for an Punjab National Bank Car Loan

  • 1. Signed application form with photograph
  • 2. Photo ID and age proof
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary – slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:

    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Punjab National Bank Car Loan Interest RatesUpdated on 30 Jul 2014

Punjab National Bank Car Loan Details
Interest Rate (Monthly reducing balance) 11.25% to 11.75% floating
I-Base – 10.25%
Processing Fees Rs.6,000
Loan Tenure 1 year to 7 years

Car Loans from Top Banks
Car Loans in Top Cities
Car Loan by Bank
Car Loan by City
Contact Us on Mail
Facebook
Thank you for the feedback.
Make a suggestion or report a bug
  • Like us? Spread the word
  • Broadcast your feedback via Facebook Twitter
  • or Cancel
  • View our privacy policy