|
|
| Punjab National Bank |
| |
|
| |
| Punjab National Banks car loan is easy and fast process. You can get cheaper interest rate with PNB. |
| |
ELIGIBILITY
Individuals as well as Business Concerns (Corporate or non-corporate). |
Get Finance For:
- For Purchase of new car, for personal or professional use
- Second hand cars (up to 3 years old).
|
Loan Amount
- Maximum of Rs. 15 lac (For Individuals)
- No upper limit on loan amount (For Business Concerns)
Margin
Security
The vehicle purchased with the amount of loan is to be hypothecated to the Bank. It will be registered in the name of the borrower jointly with the Bank.
Guarantee
- Guarantee of spouse, if employed or third party guarantee, OR
- Collateral Security in the shape of either Immovable Property or Liquid Security equivalent to 100% of loan amount
Repayment
For New Cars - The loan amount together with interest is to be repaid maximum in 84 Equated Monthly Installments (EMIs).
For Used Cars - The loan amount together with interest is to be repaid maximum in 60 Equated Monthly Installments (EMIs).
Documentation Fee
Rs.300 for loan up to Rs.2 Lac
Rs.500 for loan over Rs.2 Lac
Upfront Fee
1% of the loan amount, with a maximum of Rs.4000. |
| |
Interest Rate: |
| Type |
Rate of Interest |
| Individual with RBL Score of 60 and above |
11.50% p.a |
| Others (Including Business Concerns) |
12.0% p.a |
|
|
|
|
| |
| |
|
|