PNB car loan interest rate: Punjab National Bank (PNB) offers attractive and convenient car loan options to buy your dream car. PNB car loan interest rates are lower than other banks, making it one of the most competitive rates in the market. The bank offers both fixed and variable interest rates, so that you can choose the option that best suits your financial situation.
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PNB car loan not only offers transparency in interest rates, but the loan process is also extremely simple and quick. With less documentation and quick approval, PNB helps you own your dream car as soon as possible.
PNB car loans come with various features and benefits, such as flexible repayment options, fast track approval, and special discounts for existing customers. Apart from this, the bank also introduces special schemes and offers from time to time, allowing customers to avail even lower interest rates.
If you are planning to buy your dream car, PNB car loan may be the perfect option for you. For more details and latest interest rates, please visit the official website of PNB or contact your nearest PNB branch.
PNB Car Loan Interest Rate 2024
Punjab National Bank (PNB) offers attractive car loan schemes to fulfill your vehicle purchase dream. PNB car loan interest rates range between 8.75% to 9.60% per annum, making it one of the most competitive and affordable options in the market. The bank offers both fixed and variable interest rates, allowing customers to choose the right option as per their financial position and repayment capacity.
PNB car loan not only offers transparency in interest rates, but its loan approval process is also simple and quick. With less documentation and fast track approval, PNB helps customers buy their favorite car as soon as possible. The bank also offers special discounts for existing customers and special schemes from time to time, providing additional benefits to customers. Overall, PNB car loan is a reliable and convenient option that helps customers fulfill their vehicle purchase dream.
PNB Car Loan Details
| Feature | Details |
|---|---|
| Interest Rate | 8.75% – 9.60% p.a. |
| Loan Amount | Up to 85% of the on-road price of the car |
| Processing Fee | 0.25% of the loan amount (Min ₹1,000, Max ₹1,500) |
| Repayment Options | EMI through ECS/NACH or Post-dated cheques |
| Special Offers | Discounts for existing customers, specific car models, and festive seasons |
Bajaj Finance Car Loan Interest Rate
PNB Car Loan eligibility
Age Limit
- Minimum Age: 21 years
- Maximum Age: 65 years at the end of the loan tenure
Categories of Applicants
- Salaried Individuals: Employees with permanent jobs, with a minimum income of ₹20,000 per month.
- Self-employed Individuals: Traders and professionals, with a minimum annual income of ₹2 lakh.
- Professionals: Doctors, lawyers, chartered accountants etc.
Source of Income
- The applicant must have a stable and regular income.
- Last 6 months salary slip and bank statement for salaried individuals.
- Last 2-3 years income tax returns for self-employed and professionals.
Other Criteria
- The applicant must have a good credit history.
- Special discounts can be availed if you are an existing customer of PNB.
Documents Required
- Id Proof: Aadhar Card, PAN Card, Passport etc.
- Residence Proof: Electricity Bill, Water Bill, Rent Agreement etc.
- Income Proof: Salary Slip, Income Tax Return, Bank Statement
- Vehicle Details and Quotation
PNB Car Loan Interest Rate For 5 Years
Punjab National Bank (PNB) offers attractive interest rates on car loans for 5 years. The interest rates range between 8.75% to 9.60% per annum, depending on various factors such as the applicant’s credit profile, loan amount and bank policies. PNB offers both fixed and variable interest rates. Fixed interest rates range from 8.75% to 9.25% per annum and variable interest rates range from 8.80% to 9.60% per annum.
The maximum loan amount of a PNB car loan is up to 85% of the on-road price, while the minimum loan amount is ₹1 lakh. The loan tenure ranges from 1 year to 5 years, allowing customers to choose a repayment plan as per their convenience.
PNB Car Loan Apply Online
- Visit PNB Official Website: Visit the official website of PNB. Apply Now
- Fill Application Form: Fill the online application form in the ‘Car Loan’ section.
- Upload Document: Upload required documents along with application form.
- Submit: Click on the ‘Submit’ button after filling all the information.
- Confirm: Wait for a contact from the bank to confirm the information you have provided.
- Loan Approval and Disbursement: After the application is confirmed, the amount will be credited to your account if the loan is approved.
FAQs
What is the PNB car loan interest rate?
PNB car loan interest rates range between 8.75% to 9.60% per annum
What is the EMI for 10 lakh car?
EMI is ₹20, 565 for 10 lakh car for 5 years.
Which bank car loan interest rate is low?
Punjab National Bank car loan interest rate is low
