PNB Car Loan Rate, Eligibility Calculator, Apply Online
PNB Car Loan Offer Aug 2017
|Features and Eligibility||PNB New Car Loan Scheme||PNB Used Car Loan Scheme|
|Interest Rates||9.60% Floating
Check Best Offers
|Maximum Loan Amount Eligibility||85.00% of on-road price||70.00% of market value|
|Maximum Loan Tenure (years)||7 years||5 years|
|Lowest EMI per Rs. One Lakh Loan Amount (Rs.)||Rs. 1,640||Rs. 2,105|
|Processing Fee||1.00% Max Rs. 6000||1.00% Min Rs. 0 Max Rs. 6000|
|Interest Calculation||Monthly reducing balance||Monthly reducing balance|
|Age (years)||Between 21 years and 65 years||Between 21 years and 65 years|
Eligibility Condition for PNB Car Loan
|PNB New Car Loan Scheme||PNB Used Car Loan Scheme|
|Minimum Net Annual Income (Rs. lakh)|
|Self employed professionals||2.4||2.4|
|Self employed businessmen||2.4||2.4|
- Car loan EMI calculation varies from bank to bank depending upon the method of calculation.
- The standard convention should be to use the EMI in arrears method on reducing balance basis – whereby you pay interest on the car loan amount outstanding on a reducing basis at or after the end of the month.
- Simply key in the loan amount, rate of interest and car loan tenure here and check the EMI amount using the
car loan EMI calculator here. In case the EMI amount displayed is different from the one advised to you by the agent, you must check the calculation basis with your car loan agent.
Frequently Asked Questions on PNB Car Loan
PNB car loan interest rates today are 9.60% to 9.95%.What is the lowest EMI per lakh on PNB car loan?
If you apply for a car loan from PNB, your lowest EMI per lakh will be Rs. 1,640.What is the maximum tenure of PNB car loan?
You can repay your car loan from PNB in a flexible period of 7 years.How much car loan I can borrow from PNB?
PNB offers you 85.00% of on-road price of car as loan.How much processing fee is charged by PNB on car loan?
PNB charges a processing fee of of 1.00% of loan amount Min. Rs. 0 and Max. Rs.6,000 with applicable service tax.Is age an eligibility factor to get car loan from PNB?
Yes, age is an important eligibility factor to get PNB car loan as you should be at least 21 years old at loan approval time and 65 years old at loan maturity time.Are there any prepayment charges on PNB car loan?
You can take car loan from PNB with Nil prepayment charges.Can I add my spouse's income while applying for car loan from PNB?
You can combine your income with the income of your spouse to increase your loan eligibility and to get higher loan amount.