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) |