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PNB Green Car (E-Vehicle) Loan

PNB electric-car finance covers a new car and reimbursement within 3 months, with up to 120 and income-linked limits.

Green Car e-vehicle rate bandsNew e-vehicle: floating 7.60%–9.65% p.a.; fixed 8.60%–10.65% p.a., varying by borrower/CIBIL row. PNB states a 0.05 percentage-point concession against corresponding non-e-vehicle new-car rates.Maximum financeIndividuals/proprietorship concerns: up to 25× gross monthly salary/pension/income, capped at ₹1 crore. Business concerns: no ceiling on loan amount.Maximum repayment periodUp to 120 EMIs; repayment must finish by age 70 for salaried borrowers with pension/pensioners and age 65 for others.
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Quick eligibility check

PNB Green Car (E-Vehicle) Loan

0 of 5 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your annual income meet this requirement: ₹25,000 net monthly salary, pension or income?

Published source: Minimum monthly income

2Do you meet this product condition: no minimum where liquid term-deposit security equal to 110% is provided?

Published source: Minimum monthly income

3Does your annual income meet this requirement: For private use, individuals may apply alone or jointly with one permitted parent, spouse or earning child?

4Does your annual income meet this requirement: only one co-borrower's income is considered?

5Do you meet this requirement: Company/firm business concerns must have been in cash profit for the last 2 years?

0 of 5 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 8 Oct 2026 · active
Offered byPunjab National Bank

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeElectric-car vehicle loan for a new e-vehicle for personal use or reimbursement of a new e-vehicle no more than three months old.View source
The official page covers purchase of a new electrical car and reimbursement where the vehicle is not more than three months old.
Source
PNB Green Car (E-Vehicle) Loan
Page / section
Objective and To purchase
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Green Car e-vehicle rate bandsNew e-vehicle: floating 7.60%–9.65% p.a.; fixed 8.60%–10.65% p.a., varying by borrower/CIBIL row. PNB states a 0.05 percentage-point concession against corresponding non-e-vehicle new-car rates.View source
The rate range is the lowest-to-highest printed current e-vehicle floating/fixed row; the published table lists the corresponding 0.05-point e-vehicle concession.
Source
PNB Retail Advances — current vehicle-loan rate tables
Page / section
Section 2.1, Car Loan (New Car), e-vehicle columns and rows
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Floating benchmarkFloating e-vehicle rates use RLLR + BSP with borrower/CIBIL-specific spreads. PNB's current RLLR is 8.35% effective 8 October 2026; current printed e-vehicle rates remain as published and are not recalculated.View source
The benchmark page provides 8.35%; the separate vehicle rate page gives + formulae and the e-vehicle spread rows. No unpublished spread is imputed.
Source
PNB Interest Rates on Advances — current benchmark row
Page / section
table, 8.35% effective 8 October 2026; paired with rate-page section 2.1 e-vehicle formulas
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Minimum monthly income₹25,000 net monthly salary, pension or income; no minimum where liquid term-deposit security equal to 110% is provided.View source
The product page states the monthly floor and liquid-security exception.
Source
PNB Green Car (E-Vehicle) Loan — current scheme page
Page / section
Income Criteria
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Maximum financeIndividuals/proprietorship concerns: up to 25× gross monthly salary/pension/income, capped at ₹1 crore. Business concerns: no ceiling on loan amount.View source
The scheme publishes the 25-times/₹1 crore ceiling for individuals/proprietorships and treats business concerns separately.
Source
PNB Green Car (E-Vehicle) Loan — current scheme page
Page / section
Quantum of Finance
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Maximum repayment periodUp to 120 EMIs; repayment must finish by age 70 for salaried borrowers with pension/pensioners and age 65 for others.View source
The source gives a 120- maximum and separate final repayment ages.
Source
PNB Green Car (E-Vehicle) Loan — current scheme page
Page / section
Repayment (Maximum)
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Processing/documentation chargeNil processing charge and nil documentation charge.View source
The scheme page separately states nil processing/upfront and documentation charges.
Source
PNB Green Car (E-Vehicle) Loan — current scheme page
Page / section
Processing Charges/Upfront Fee and Documentation Charges
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Prepayment chargeNil prepayment charge.View source
The scheme page explicitly lists nil pre-payment charges.
Source
PNB Green Car (E-Vehicle) Loan — current scheme page
Page / section
Prepayment Charges
Accessed
8 Oct 2026
Confidence
high
Open official source ↗

Benefits and features

  • For a new electric car or reimbursement of a personal-use electric car no more than 3 months old
  • New purchase: finance up to 100% of ex-showroom price or 90% of on-road price; reimbursement: 75% of on-road price
  • Minimum net monthly salary/pension/income ₹25,000; no floor with 110% liquid term-deposit security
  • Individuals/proprietorships: up to 25× gross monthly income, capped at ₹1 crore; business concerns have no loan ceiling
  • Maximum repayment 120 ; nil processing, documentation and prepayment charges

Eligibility

  • For private use, individuals may apply alone or jointly with one permitted parent, spouse or earning child; only one co-borrower's income is considered. Company/firm business concerns must have been in cash profit for the last 2 years. A 110% liquid term deposit removes the minimum monthly-income floor.

Passing a listed condition does not mean the bank will approve an application.

Related official documents

PNB Interest Rates on Advances — current MCLR and RLLR benchmarksofficial-bank-rate-page · reused-current-benchmark-reviewed-2026-10-08 · accessed 8 Oct 2026
↗
PNB Green Car (E-Vehicle) Loanofficial-product-page · current · accessed 30 Aug 2026
↗
PNB Green Car (E-Vehicle) Loan — current scheme pageofficial-product-page · complete-product-page-reviewed · accessed 8 Oct 2026
↗
Services Charges Related to Retail Advances — PNBofficial-service-charge-page · current · accessed 30 Aug 2026
↗
Retail Advances — PNB interest-rate tableofficial-rate-table · current · accessed 30 Aug 2026
↗
PNB Services Charges Related to Retail Advances — vehicle rowsofficial-service-charge-page · current-vehicle-charge-rows-reviewed · accessed 8 Oct 2026
↗
PNB Retail Advances — current vehicle-loan rate tablesofficial-retail-rate-page · current-vehicle-sections-reviewed · accessed 8 Oct 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹20,293twenty thousand two hundred ninety-three rupees
Interest paid over the full loan₹23,70,313twenty-three lakh seventy thousand three hundred thirteen rupees
Everything you repay₹48,70,313forty-eight lakh seventy thousand three hundred thirteen rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Eligible vehicle · Published value / conditionNew electric car for private use and the scheme's specified reimbursement route.

This value is copied from PNB Green Car — current scheme terms. Check the table notes before relying on it.

Source: PNB Green Car (E-Vehicle) Loan — current scheme page and rate/charge schedules · Full scheme page; section 2.1 e-vehicle rows; vehicle charge rows Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 9 rows · 2 columnsPNB Green Car — current scheme termsGreen/e-vehicle-specific rates and borrower terms, with distinct individual/business limits and liquid-security exception.View tableHide table

Scroll sideways to view every column

PNB Green Car — current scheme terms
ParameterPublished value / condition
Eligible vehicleNew electric car for private use and the scheme's specified reimbursement route.
Income₹25,000 net monthly; no floor with 110% liquid term-deposit security.
Maximum financeIndividuals/proprietorships: 25× gross monthly income, up to ₹1 crore; business concerns: no ceiling on loan amount.
MarginNew car: 10% of on-road price or nil margin on ex-showroom price (100% ex-showroom financing). Reimbursement within 3 months: 25% of on-road price.
Business applicantCompany/firm must have cash profit for preceding 2 years.
RateFloating 7.60%–9.65%; fixed 8.60%–10.65% p.a. in current e-vehicle rate rows; 0.05-point e-vehicle concession versus corresponding non-EV row.
RepaymentUp to 120 ; finish by age 70 for salaried borrowers with pension/pensioners, 65 for others.
ChargesNil processing, documentation and prepayment charges.
SecurityVehicle hypothecation; security/guarantee follows scheme and sanction terms.
PNB Green Car (E-Vehicle) Loan — current scheme page and rate/charge schedules · Full scheme page; section 2.1 e-vehicle rows; vehicle charge rows · accessed 8 Oct 2026Open official source ↗

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