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

    • Punjab and Sind Bank Car Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I am happy with Punjab and Sind, I had taken car loan with them. Almost they offered the interest rate of 9% it is good and processing fee is also nominal. They only taken three days to disburse the amount to the dealer. Their documentation process was also simple, I submitted my form 16 of the last three year, salary slip, KYC documents and address proof to them. I booked the MAHINDRA XUV500 W6 its on road price is 5.85 Lakhs but Punjab and Sind offered the loan amount of Rs.15 Lakhs for tenure of five years.
      Was this review helpful? 0
      , patna
      Reviewed on Feb 22, 2017
    • Punjab and Sind Bank Car Loan
      "No charges applied "
      0.5 4.5/5 "Excellent!"
      The service provided was very good with Punjab and sind bank when i applied for the car loan.The loan process was good.They have a drawback because there is no online payment option available in the loan.PSB have not applied any charges since I hold my saving account with them.
      Was this review helpful? 1
      , pune
      Reviewed on Jan 18, 2016
    • Punjab and Sind Bank Car Loan
      "Good terms and conditions..."
      0.5 4.5/5 "Excellent!"
      Punjab and Sind bank is the only bank that offering car loan for the tenure of 7 years in comparison to other nationalized bank. Moreover they did not require for many documents so I just provided minimal documents. Processing and pre closure charge is nil. Before submitting documents with the showroom guys the loan got sanctioned as very much satisfactory.
      Was this review helpful? 0
      , ernakulam
      Reviewed on Jul 09, 2015
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    Punjab and Sind Bank Car Loan Eligibility Calculator is Rated as "Blown Away!" by 3 Users

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    Punjab and Sind Bank Car Loan Eligibility Calculator

    Punjab & Sind Bank Car Loan Overview

    Finance your new car with an auto loan from Punjab & Sind Bank and enjoy competitive pricing and complete transparency when you file an application. The Auto loan scheme from Punjab & Sind Bank is available for the purchase of new and used private cars and two-wheelers at an attractive interest rate. Punjab & Sind Bank levies a low processing fee of 0.25% for car loans and also offers flexible repayment tenures ranging up to 84 months to customers. Additionally, Punjab & Sind Bank waives off the processing fee for staff, retired employees of the bank and individuals drawing pension from Punjab & Sind Bank. There is no maximum limit on the sanctioned loan amount and individuals can finance any number of vehicles using the auto loan scheme from Punjab & Sind Bank.


    Punjab & Sind Bank Car Loan Eligibility

    Individuals, corporate firms and other businesses are eligible to procure a Punjab & Sind Bank car loan. The applicant should be aged between 18 to 65 years depending on the entire repayment tenure.

    Salaried employees without pension can take car loans only up to the age of 60 years. The age of a salaried borrower with pension and other types of applicants can be aged only up to 70 years during the repayment tenure.

    Factors affecting Punjab & Sind Bank Car Loan Eligibility

    The key factors that might affect your eligibility, while applying for a Punjab & Sind car loan are as follows,

    Apply for Car Loan Online

    Age - Punjab & Sind Bank mandates that borrowers fall between a certain age limit during the repayment tenure to ensure comfortable repayment of the car loan. Banks might not sanction car loans for individuals falling outside the required age bracket.

    CIBIL Score - Always carry a good credit score when you apply for a Punjab & Sind car loan. This will help you get quick approvals and speedup the disbursement process. Individuals with good CIBIL scores easily pass the eligibility criteria set by banks and tend to procure car loans faster.

    Profession - The eligibility criteria is deeply impacted with regards to the profession of an applicant. Banks set different criteria for certain profession types and expect applicants to show a steady source of income to easily repay the loan. The eligibility for higher loan amounts also varies depending on the profession of applicants.

    How do you increase your eligibility for a Punjab & Sind Bank Car Loan?

    • Always add a co-applicant in the form of your spouse, son or parents when you avail a Punjab & Sind Bank car loan. This will increase your income eligibility and will help you get sanctions for higher loan amounts.
    • Pay off your old loans and debts to ensure that your credit score looks good. Also this will ensure that you have some funds free to pay for the new car loan. Banks prefer customers who have a steady income and can manage all their liabilities efficiently with timely repayments.
    • The repayment capability of an applicant will also be considered while determining the eligibility for a Punjab & Sind Bank car loan. Individuals with sufficient savings and lesser liabilities will get quick sanctions from financial institutions in India.

    Punjab & Sind Bank Car Loan Eligibility Calculators

    Customers availing a Punjab & Sind Bank car loan always need to understand whether they meet the required eligibility criteria as set by the bank. Only then will the bank approve and sanction an auto loan for them. Eligibility for a car loan can be determined using specially designed tools called car loan eligibility calculators, which are available on any third party finance site. These tools give you a quick idea of whether you qualify for a car loan. A car loan eligibility calculator requires certain inputs like monthly income, loan amount, interest rates, age, name, price of the vehicle, make, model, etc., to accurately predict your eligibility. Additionally, these tools are very fast and require only a few seconds to compute the results.

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