#1
6th May 2016, 01:06 PM
| |||
| |||
PNB Vehicle Loan
Hi I would like to have the details of the Car loan provided by Punjab National Bank for either purchasing new car or a used car?
|
#2
6th May 2016, 01:19 PM
| |||
| |||
Re: PNB Vehicle Loan
Punjab National Bank is an Indian budgetary administrations organization situated in New Delhi, India. Established in 1895, the bank has more than 5,800 branches and more than 6,000 ATMs crosswise over 764 urban communities. It serves more than 80 million clients. Accessible for buy of New Car/Van/Jeep/Multi Utility Vehicle (MUV)/Sports Utility Vehicle (SUV) or for old vehicles that are not more seasoned than 3 years. Fund will be given to buy of vehicle of indigenous/remote makes. Features and Eligibility PNB New Car Loan Scheme PNB Used Car Loan Scheme Interest Rates 9.75% Floating 11.25% Floating Maximum Loan Amount Eligibility 85.00% 70.00% Maximum Loan Tenure (years) 7 years 5 years Lowest EMI per Rs. One Lakh Loan Amount (Rs.) Rs. 1647 Rs. 2112 Processing Fee 1.00% Min Rs. 0 Max Rs. 6000 1.00% Min Rs. 0 Max Rs. 6000 Prepayment Charges Nil Nil Interest Calculation Monthly reducing balance Monthly reducing balance Age (years) Between 21 years and 65 years Between 21 years and 65 years Minimum Net Annual Income (Rs. lakh) --Salaried 2.4 2.4 --Self employed professionals 2.4 2.4 --Self employed businessmen 2.4 2.4 Documentation needed to apply for an Punjab National Bank Car Loan • 1. Signed application form with photograph • 2. Photo ID and age proof • 3. Residence proof • 4. Last 6 months bank statement • 5. Documentation for salaried applicants: o Last 3 months salary – slips o Form 16 or Income Tax Returns • 6. Documentation for self-employed applicants: o Last 3 years Income Tax Returns with computation of Income o Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account |