PNB Two Wheeler Loan interest

I want to apply for the Punjab National Bank Two Wheeler Loan and for that I want to get the details of interest rates so can you provide me that?

[Shaleen]

As you want to get the details of interest rates of Punjab National Bank Two Wheeler Loan so here is the information of the same for you:

Eligibility:
Individuals in service with minimum net monthly salary of Rs. 10000/-
Students, aged 18 years and above, with salaried parent as co-borrower;
Business concerns (Corporate or non-corporate).
Income of spouse can be added.

Amount of Loan:
For Scooters / Motorcycles - Maximum Rs. 1.00 lac
For Mopeds – Maximum Rs. 10000/-

Margin
Individuals - 10% (Salary through bank/check off facility)
Business Concerns - 25%

Security:
Loan upto Rs. 25,000- No Guarantee
Loan above Rs. 25,000- Suitable Guarantee acceptable to bank.

Rate of Interest:
Two-wheeler Loans (PNB SARTHI) @

Less than 3 yrs 3 yrs & above
Salary is being disbursed through the concerned branch and/or under check-off facility BR+3.00% BR+3.00%+TP
Other including Business concern BR+4.00% BR+4.00%+TP

Repayment:
For scooter and Motorcycle: Maximum 60 EMIs.
For Scooterrete : Maximum 30 EMIs.
For Moped: Maximum 24 EMIs.

Upfront Fee & Documentation Charges
Upfront Fee: Rs.275/ + Service tax + Education cess.
Documentation Charges: Rs.275/ + Service tax + Education cess
All other terms & conditions of the scheme as applicable.

Online Application Form:



Contact Details:
Punjab National Bank
Sector 4 Market
Sector 4,
R.K. Puram
New Delhi,
Delhi 110022
India

Map Location:
[MAP]Punjab National Bank Sector 4 Market New Delhi[/MAP]