Punjab National Bank Car Loan

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PNB Car Loan

Why PNB Car Loan?

Are you looking  for the Best-in-class Car loan offers? Then, you have come to the right compass. We will provide you the Cheapest Interest Rates with the lowest EMIs and Easy Documentation.

PNB (Punjab National Bank) fulfills your desire to drive your dream car home with easy repayment facilities. Check the Eligibility, Interest Rates and the Documents required.  Get the Best PNB Car Loan with Affordable Interest Rates & EMIs. Loannow will help you in availing the best Car loan, with instant and quick approval.Cherish your life with the ride of a fascinating car. Enjoy the incredible drive and make your life colorful.

Features

  • Banking surrogate schemes available
  • Loans offered from Rs. 1 Lakh onward
  • Car Loans tenure from 1 year to 7 years
  • Attractive interest rates on Car Loans
  • Calculate your monthly outgo with our Car Loan EMI Calculator

 

Benefits

  • Flexible and Affordable EMIs.
  • Quick and Instant approval of Loan
  • Attractive deals from associated car dealers.
  • Easy and minimum Documentation.

PNB Car loan Documents

Documentation required for Car Loan

Documents Salaried Self Employed Professional Self Employed Non Professional
Application form Yes Yes Yes
KYC      
Photographs Yes Yes  
Identity Proof Yes Yes Yes
Address Proof Yes Yes Yes
Age Proof Yes Yes Yes
Bank Statements Yes Yes Yes
Signature Verification Yes Yes Yes
Income Proof      
Latest Salary Slip / Form 16 Yes    
Income Tax returns of 2 previous financial years along with complete financial/audit report.     Yes
Income Tax Returns of 2 previous financial years.   Yes  
Other Documents      
Business Stability proof / Ownership proof   Yes Yes
Employment Stability Proof Yes    
Partnership deed and Letter signed by all partners authorizing one partner     Yes
Companies and Societies: Resolution by Board of Directors (or such managing body) and Memorandum and Articles of Association     Yes

 

PNB Car Loan Eligibility

Eligibility for Car Loan

Eligibility Individuals as well as Business Concerns (Corporate or non-corporate).Minimum net monthly salary / pension / income – 20000/-. Income of spouse /Parent can be added.
Amount Provided For Individuals / Proprietorship Concerns: 25 times of the monthly net salary OR Rs.25 lacs (for one or more vehicles), whichever is lower. Income of parent(s) / spouse can be taken into account for determining loan amount. In such cases, the parent(s)/ spouse shall stand as additional guarantor.  For Business Concerns (Corporate or non-corporate): No ceiling on loan amount (for one or more vehicles).
Interest Rates New Car: 10.50% to 12.50% depending on the segment of vehicle and tenure selected (Floating)Pre-Owned Car: 15.50% to 17.00% depending on the segment of vehicle (Floating)