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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.
At least 21 years old
Less than 60 years old
Salaried or self-employed
with regular income
Earn more than the minimum
Minimum income required
Rs.20,000 per month
Loan capped @
85% of the ex-showroom price
EMIs of other loans lower
Pay off your credit card bills
Choose longer tenure loan up to 7 years
|Interest Rate (Monthly reducing balance)|| 10.25% to 11.50% floating
I-Base – 10.00%
|Processing Fees||1% of the loan amount, with a maximum of Rs.6,000/- (exclusive of service tax & education cess)|
|Loan Tenure||1 year to 7 years|
|Guarantor Requirement||Guarantor Required|