PNB Car Loan PNB Car Loan: Punjab National Bank is providing car loan facility to its customers with attractive interest rates. Anyone can avail a car loan from Punjab National Bank to buy their dream car.
In this article, we will get detailed information about PNB car loan, such as interest rate, eligibility, what is the document and how can we apply for this loan, etc., so you can complete this article. Read till the end.
Currently, PNB car loan interest rate starts from 7.05% per annum. You can get this loan for a long period of 7 years. You can apply for this loan through the official website of the bank or by visiting the nearest bank branch.
PNB Car Loan in Hindi
You can avail this loan to buy any type of new or used car. Under Punjab National Bank Car Loan, you can get a loan up to a maximum of Rs 1 crore. Prepayment charges are nil on floating rate while 2% of outstanding prepaid on fixed rate.
PNB car loan comes under the category of a secured loan, that is, to take this loan, you have to provide collateral or security. But in car loan, the car itself acts as collateral. Before giving the loan, the bank checks the CIBIL Score of the customer.
The applicant can calculate the EMI of his loan with the help of online PNB Car loan EMI Calculator by visiting the official website of PNB Bank.
HIGHLIGHTS:
| loan name | pnb car loan 2022 |
| lender | Punjab National Bank |
| Rate of interest | Starting at 7.05% p.a. |
| loan tenure | up to 7 years |
| prepayment fee | Floating Rate: Zero Fixed Rate: 2% of the prepaid outstanding |
| processing charge | 0.25% of the loan amount (Min – Rs 1000 Max Rs 1500) |
| Documentation Charges | Zero |
| application mode | online / offline |
| official website | www.pnbindia.in |
pnb car loan interest rate 2022
Punjab National Bank Car Loan interest rate starts from 7.05% p.a. The loan interest rate depends on several factors such as CIBIL score of the applicant, age, repayment capacity, employment status, net monthly income etc. If you fulfill all the conditions of the bank, then you can get a car loan at a low interest rate.
PNB Car Loan Benefits and Features
- You can avail this loan to buy any type of new or used car.
- Anyone can get involved with Punjab National Bank Car Loan to buy their dream car.
- Under this loan, you can get a maximum loan of Rs 1 crore or up to 25 times your monthly income.
- The margin is up to 15% of the on-road price for new vehicles and for old vehicles: up to 25% of the vehicle’s value.
- On floating rate you do not have to pay any prepayment charges.
- You can avail this loan for a maximum loan tenure of 7 years.
- The processing fee for Car Loan is 0.25% of the loan amount (Minimum Rs.1000/- Maximum Rs.1500/-).
- You have to submit a third-party guarantee or a collateral which is considered valid by the bank.
Punjab National Bank Car Loan Eligibility
- Anyone can avail this loan to buy their dream car.
- Your monthly income should be at least Rs.25000.
- Your minimum age should be 21 years.
- Your CIBIL score should be good.
PNB Car Loan Documents Required
- Duly filled loan application form with recent photograph
- age proof
- Address proof
- Quotation from the authorized dealer for the vehicle to be purchased
- Guarantor details with all supporting documents and photographs, if applicable.
- Statement of assets and liabilities with supporting documents.
- proof of income:
- For Salaried Category: Latest Salary Certificate issued by the employer, Income Tax Return/Form 16 for the last 2 years, Bank Statement of Salary Accounts for the last 6/12 months.
- Business Concern: ITR and Audited Balance Sheet of the firm/company for the last 2 years.
- Persons engaged in allied agricultural activities and cultivators: Record of land holding and cropping pattern or any other proof of income.
- other documents
How to apply Punjab National Bank Car Loan?
If you fulfill all the conditions of this loan, then you can apply for it both online and offline. Apart from this, you can also apply for the loan by calling the customer care number of the bank. Follow the steps given below to apply:
pnb car loan apply online
- after visiting the website car loan Click on the option.
- To apply, click on the option of Apply Now.
- The form will open in front of you.
- Enter the requested information and click on submit.
- After this the bank will contact you and the loan process will be continued further.
Apply Offline for PNB Car Loan
- To apply offline, you must first go to your nearest Punjab National Bank branch.
- Contact the bank employee who will provide you complete information about the car loan and then verify your documents.
- You have to fill the form and submit the documents.
- If your loan is approved, the loan amount is transferred to your bank account.
PNB Loan Customer Care Number
- Customer Care: 1800 180 2222 / 1800 103 2222
conclusion
In this article we have given you PNB Se Car Loan Kaise Le Complete information about has been provided. Anyone can avail this car loan to buy their dream car.
If you are facing any kind of problem in applying for this loan or if you want to get any other information about this loan, then you can get the information by calling the PNB customer care number.
FAQ:
The interest rate starts from 7.05% p.a.
Up to a maximum of 7 years.