Find details of punjab national bank car loan through Punjab National Bank EMI calculator. Just enter the loan amount of car you want to get financed and rate of interest. Punjab National Bank EMI calculator automatically calculates the installment on reducing balance and it does not have any other processing fee.
Punjab National Bank avails you with host of services and facilities online with which you can get car loan approval in an easier way. The customers who are dreamt of owning their desired car will turn their dream into reality via the golden opportunity provided by Punjab National Bank. The eligibility criteria set by the bank that any individual having minimum gross income of Rs. 1.00 lakh per annum erases the hindrance that only silver-spooned can purchase the latest available cars. The bank even churns out the repaying capacity of an individual who had applied for loan by extending the tenure up to 8 years for new car while it is 5 years for used cars. Vicky. in proves to be the powerful tool through the provision of accurate information on processing fee, documentation charges, EMI amount of such banks
Loan Eligibility Calculator
Punjab National Bank Car Loan eligibility, Interest Rate, documents and process
Eligibility Criteria : Car Loan
Individuals as well as Business Concerns (Corporate or non-corporate). Minimum net monthly salary / pension / income – 20000/-. Income of spouse /Parent can be added.
Salaried
Self
Age
Information not available
Information not available
Income
Net monthly income - Rs. 20,000 p.m.
Net monthly income - Rs. 20,000 p.m.
Job Experience
Information not available
Information not available
Residence Proof
Information not available
Information not available
Docs Required : Car Loan
Guarantee / Collateral Security : (i) Third party guarantee / collateral security is waived in following cases: Permanent Employees of Central Govt. /State Govt. /PSUs/ MNCs/ Listed Companies at NSE/ BSE whose Shares are actively traded and quoted above par. For other than salaried class borrowers where ex – showroom cost of the car is exceeding Rs.6 lac. (ii) However the Guarantee of Parent(s) / Spouse will be taken in case their income has been considered for determining loan amount
Salaried
Self
ID Proof
Passport or voter's card or driving licence or PAN card
Passport or voter's card or driving licence or PAN card
Address Proof
Ration card or passport or latest electricity bill or latest telephone bill or latest credit card bill bank statements, last 6 months bank statements
Ration card or passport or latest electricity bill or latest telephone bill or latest credit card bill bank statements, last 6 months bank statements
DOB Proof
Birth Certificate or 10th Class Passing Certificate
Birth Certificate or 10th Class Passing Certificate
Financial Docs
Salaried Individual:
Latest 6 months Bank Statement (where salary/income is credited)
3 Latest salary slips
Proof of Continuity current job (Form 16 / Company appointment letter
Photographs
Self Employed Individual:
Bank Statements(latest 6 months bank statement /passbook)
CA certified latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs.
