Punjab National Bank Car Loan

Punjab National Bank Car Loan
 4.5 / 5.0   by 2 users
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Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

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

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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

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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

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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 21 Aug 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

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Punjab National Bank Car Loan Reviews

100 % of our customers would recommend this bank. (2 out of 2) Write Review
Customer Reviews
Page 1 of 1 1
  • Validated User
    (0)

    One of my colleague recommended PNB to me. I went directly to the nearest branch of PNB and submitted all the required documents for a car loan. It took around 10 to 15 days for disbursing my loan. PNB is much better than private banks. Rate of interest & charges are lesser than private banks.

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    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from PUNJAB NATIONAL BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    PNB Car Loan main advantage is they follow up was good, its was user friendly, interest rate was quite less than market it was 10.05% i got the charges was normal, actually it was zero processing fee on 31st on but i got applied on 1st it was .05%, i gave the documents on 1st and loan amount got credited on 6th, it was good.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from PUNJAB NATIONAL BANK on BankBazaar.com Reviewed on
Customer Reviews
Page 1 of 1 1
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