#1
22nd June 2015, 03:10 PM
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PNB Bike Loan
Hi I want to purchase Bike and for this I want to take loan from Punjab National Bank so can you please tell me the eligibility criteria and the conditions required to apply for loan in this bank? Also provide me the application form to apply?
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#2
23rd January 2020, 11:14 AM
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Re: PNB Bike Loan
Can you provide me the details of the `Pnb Saarthi` - Scheme for Financing Two Wheelers of PNB (Punjab National Bank) as I want to purchase a Bike?
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#3
23rd January 2020, 11:14 AM
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Re: PNB Bike Loan
The `Pnb Saarthi` - Scheme for Financing Two Wheelers of PNB (Punjab National Bank) is for purchase of new 2 wheelers viz.: Scooter, Motor cycle, Scooterrete, Moped (subject to Registration of vehicle with RTO). Eligibility One must be an existing PNB customer with minimum 6 months satisfactory transactional record OR new customer with satisfactory track record of last 1 year with other Bank/FI in the age group of 18 years and 60 years holding a valid driving licence Salaried individuals drawing salary from our bank or under check off facility from the employer Students, 18 years and above till gainfully employed, with salaried parent as co-borrower drawing salary from bank; Business concerns (Corporate or non –corporate) Income Criteria Minimum Net Monthly Income of Rs.10, 000/- p.m If students, Income/salary proof of parent/guardian who will be co-borrower be considered. Income of spouse can be taken into consideration for determining the income criteria provided satisfactory proof of income is produced. Income of business concerns must be verified from Income Tax Returns filed and Challans for Tax Deposited. Quantum of Finance a) For super bikes / hybrid two wheeler (Engine capacity 200CC & above) – Maximum Rs. 3.00 lac (subject to repayment capacity) b) For all other Two Wheeler Maximum Rs. 1.50 lac (subject to repayment capacity) Margin Where salary is being disbursed through the concerned bank branch and/or Check off facility 10% Business concerns 25% Security Hypothecation of 2 wheelers financed from bank loan Guarantee acceptable to bank as per guidelines Guarantee Loan up to Rs. 25,000/- No guarantee Loan above Rs. 25,000/ Repayment (Maximum) For Scooter and Motorcycle – 60 EMIs For Scooterrete – 30 EMIs For Mopeds – 24 EMIs Maximum Permissible deductions – 40% to 60% of Net monthly salary/ income |