Looking to buy a new or used car? With a Punjab and Sind Bank Car Loan, you can finance your dream vehicle at competitive interest rates and flexible terms. Whether you're salaried, self-employed, or a business owner, the bank offers tailored car loan solutions that make car ownership easier than ever.
Type of Car Loan | Interest Rate (Starting) | Tenure |
New Car Loan | 9.05% per annum | Up to 7 years |
Used Car Loan | Varies by car age | Up to 5 years |
Document Type | Accepted Documents |
Identity Proof | |
Address Proof | Utility bills, Aadhaar, Rent Agreement |
Income Proof | Salary slips, bank statements, IT returns |
Vehicle Documents | Proforma invoice or vehicle Registration Certificate |
You can apply for a car loan either online or by visiting a branch.
Online Process:
Offline Process:
Use the Punjab and Sind Bank EMI calculator on the official website to:
Punjab and Sind Bank follows the MCLR benchmark given below:
CIBIL Credit Vision Score | Spread (%) | Effective EBLR % |
768-900 | 0.51 | 9.05 |
753-767 | 0.61 | 9.15 |
732-752 | 0.81 | 9.35 |
690-731 or -1,3,4,5 | 1.16 | 9.70 |
641-689* | 1.51 | 10.05 |
MCLR Benchmark Tenure | 1 year |
Benchmark MCLR rate | 9.65% |
Rate of interest | 9.90% (MCLR + 0.25%) |
Individuals and businesses can apply for car loans offered by Punjab & Sind Bank.
You can apply for a car loan from Punjab & Sind Bank for the purpose of purchasing new and used cars for private use only.
Yes, you can take a joint car loan from Punjab & Sind Bank.
No, you cannot use the car that you plan to buy using the Punjab & Sind Bank Auto Loan for commercial purposes.
There is no limit on the maximum amount that individual borrowers or proprietors can avail through car loans offered by Punjab & Sind Bank.
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