Punjab National Bank Car Loan

Punjab National Bank | Car Loan | 20-Aug,2022

About Punjab National Bank: Punjab National Bank is one of Indias most popular banks, founded in 1895 and headquartered in New Delhi, India. It operates as a commercial bank, offering a wide range of banking products and services to all its customers, including consumer banking, corporate banking, finance, and insurance.

Detail: 1) Attractive interest rates on car loan 2) Flexible repayment options 3) Max Age - 65 Years, Min Age - 21 Years

Annual Percentage Rate (APR): 1) New car loan: 7.55% p.a. 2) Used car loan: 9.55% p.a.

Minimum & Maximum period for repayment (Loan Tenure): 1) New car loan: 12 months to 84 months 2) Used car loan: 12 months to 60 months

Loan processing charges: As per Decided by Bank

Late Payment: --

Foreclosure Charges: As per loan agreement

Partpayment Charges: As per loan agreement

Maximum Loan Amount: 1) Used car loan: Upto 70% of market value of your car 2) New car loan: Upto 85% of on-road price of your car

Punjab National Bank Profile

Sector : Finance

Industry : Regional Banks

Punjab National Bank was founded by Lala Lajpat Rai, also known as Punjab Kesari, on April 12, 1895. The bank has a total of 10,910 branches spread across India. According to sources, CH S. S. Mallikarjuna Rao currently holds the position of CEO of Punjab National Bank.

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Loan Type

Punjab National Bank ROI Max Loan Amount Tenure Processing Fee Late Payment Foreclosure Charges Partpayment Charges
Personal Loan 8.95% p.a. Up to Rs.15 lakh 12 months to 84 months Up to 1.8% of the loan amount -- Nil N/A
Home Loan 6.80% p.a. onwards Up to Rs.1 crore 05 to 30 years As per the loan agreement. -- NA NA
Car Loan 1) New car loan: 7.55% p.a. 2) Used car loan: 9.55% p.a. 1) Used car loan: Upto 70% of market value of your car 2) New car loan: Upto 85% of on-road price of your car 1) New car loan: 12 months to 84 months 2) Used car loan: 12 months to 60 months As per Decided by Bank -- As per loan agreement As per loan agreement
Business Loan 12.65% p.a. Up to Rs.15 lakh 01 Year to 05 Years 1.8% + applicable taxes As per the loan provider. N/A As per loan agreement
Gold Loan 8.75% p.a. Up to Rs.10 lakh 1 month to 12 months 0.70% of loan amount + applicable taxes -- -- Nil

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