Go Back   2023 2024 MBA > MBA > Main Forum

  #1  
Old 30th September 2016, 05:16 PM
Unregistered
Guest
 
Default Punjab National Bank Auto Loan

I want to apply for Auto Loan in Punjab National Bank so can you please provide me the details of the loan?
Reply With Quote Quick reply to this message
  #2  
Old 30th September 2016, 05:37 PM
Super Moderator
 
Join Date: Mar 2013
Default Re: Punjab National Bank Auto Loan

Punjab National Bank offers Scheme to customers for Financing Purchase of Car by Public.

PNB Car loan-


Objective -
To make available Loan for purchase of car by proposed car buyers on attractive terms

Purpose

To purchase:

New Car/Van/Jeep/Multi Utility Vehicle (MUV) or Sports Utility Vehicles (SUV)

Old car/van/jeep/MUV/SUV, which are not older than three years

Eligibility -
For private use only.

Individuals-
Business concerns (corporate or non-corporate)

Income Criteria -
Minimum net monthly salary / pension/ income - Rs.20000/-.

Quantum of Finance -

For individuals/Proprietorship concerns: Rs. 100 lac or 25 times of Net Monthly Salary / Pension/ Income, whichever is lower. Loans for higher amount may be considered on merits of the case.

For Business Concerns (Corporate or Non-Corporate): No ceiling of loan amount (for one or more vehicles).

Margin -

For New Vehicle: 15% of on-road price inclusive of one time road tax & insurance.

For Car where PNB has tie up arrangement with manufacturers/dealers: 10% of on-road price

For Old Vehicles: 30% of the value of the vehicle.

Security -
Vehicle purchased to be hypothecated to the bank.

Guarantee/ Collateral Security -
Third Party guarantee/ Collateral Security acceptable to the Bank.

Repayment (Maximum) -

For New Car/Van/Jeep/MUV/SUV: 84 EMIs

For Old Car/Van/Jeep/ MUV/SUV: 60 EMIs

In case of persons engaged in agriculture & allied activities:
At Half yearly/yearly intervals coinciding with the time of harvest

Prepayment Charges -

Floating Rate: NO pre-payment charges.

Fixed rate: @2% on the outstanding pre-paid. However, no prepayment charges to be levied :-

Customer service: 1800 180 2222
Reply With Quote Quick reply to this message
Reply

Similar Threads
Thread Thread Starter Forum Replies Last Post
Auto Loan State Bank Of India Unregistered Main Forum 2 20th March 2018 01:59 PM
Punjab National Bank Two Wheeler Loan Calculator Unregistered Main Forum 1 2nd August 2017 02:46 PM
Karur Vysya Bank Auto Loan Unregistered Main Forum 1 17th November 2016 11:43 AM
Punjab And Sind Bank Auto Loan Unregistered Main Forum 1 21st October 2016 10:21 AM
Punjab & Sind Bank Loan Scheme Unregistered Main Forum 1 15th October 2016 12:12 PM
State bank of india auto loan Unregistered Main Forum 1 8th October 2016 11:40 AM
Punjab National Bank Loan Interest Rates Unregistered Online MBA Discussions 1 18th November 2015 02:54 PM
Punjab National Bank Education Loan Eligibility Unregistered Main Forum 1 14th November 2015 02:45 PM
Punjab National Bank SSI Loan Unregistered Main Forum 0 16th July 2015 04:38 PM
Punjab National Bank Online SB Account Opening Schemes Of Punjab National Bank Unregistered Main Forum 0 16th July 2015 11:20 AM
Punjab National Bank Loan Unregistered Main Forum 0 15th July 2015 09:48 AM
Punjab National Bank Home Loan Eligibility Criteria Unregistered Main Forum 0 14th July 2015 03:01 PM
Punjab National Bank Car Loan Eligibility priyamaq Main Forum 1 14th February 2013 03:59 PM
Punjab National Bank Housing Loan India Kritika Sinha1478 Main Forum 1 8th December 2012 09:28 AM
Punjab National Bank Housing Loan EMI Calculator ayinde oluwat Main Forum 1 15th October 2012 08:26 PM
Punjab National Bank Personal loan rates manuk.2 Main Forum 1 15th October 2012 08:20 PM
Punjab National Bank Education Loan Schemes prem kumar. a Main Forum 1 15th October 2012 05:25 PM
Punjab National Bank Car Loan Application Form sheenamohan. m, Main Forum 1 10th September 2012 04:28 PM
Punjab and Sind Bank Loan Education Loan Bincy Sera kha Main Forum 1 7th September 2012 04:27 PM
Punjab National Bank Loan Rates Chandrakant R. Dhurandhar Main Forum 1 6th July 2012 10:53 AM


Quick Reply
Your Username: Click here to log in

Message:
Options

Thread Tools Search this Thread



All times are GMT +5.5. The time now is 03:03 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2

1 2