If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
  • Punjab National Bank Car Loan

    Punjab National Bank Car Loan
     4.5 / 5.0   by 2 users
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    Promised Interest Rate

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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.


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

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    03
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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 05 Jul 2015

    Punjab National Bank Car Loan Details
    Interest Rate (Monthly reducing balance) 10.25% to 11.50% floating
    I-Base – 10.00%
    Processing Fees Waived from 01.06.2015 to 31.12.2015
    Loan Tenure 1 year to 7 years
    Guarantor Requirement Guarantor Required

    News About PNB Car Loan

    • Enjoy 0% Processing Fee on PNB Car Loan till December 31

      India’s third largest bank, Punjab National Bank (PNB), has officially launched its Monsoon Bonanza offer, wherein the bank is completely waiving off the processing and documentation charges that apply on its car loan product. According to this update, all car loan applications processed between June 1, 2015 to December 31, 2015 will not include any processing fees or the usual documentation charges upfront. Hopefuls looking for car loans can certainly rejoice, and the bank expects that the customers will take full advantage of this offer.

      29th May 2015

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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
      (2)

      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
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      manikandan took a Car Loan from PUNJAB NATIONAL BANK Reviewed on
    • Validated User
      (4)

      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.

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      Fees & Charges
      Promised Interest Rate
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      Responsiveness
      anil took a Car Loan from PUNJAB NATIONAL BANK Reviewed on
    Customer Reviews
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