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PNB Car Loan for

Vehicle finance for eligible buying a new car, van, jeep, electric vehicle, or in India, with a published gross-income threshold and up to 84 monthly instalments.

Interest rateMaximum amount / finance shareNo rupee cap is stated. The 15% on-road margin allows finance up to 85% of price; PNB may reduce margin to 10% case by case, allowing up to 90%.Repayment tenureMaximum 84 monthly instalments of principal and interest; repayment begins in the succeeding month.
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Quick eligibility check

PNB Car Loan for

0 of 9 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.

1Are you this type of customer: must hold an NRI account with PNB for at least 6 months or with another bank for the preceding 12 months?

Published source: Eligibility

2Are you this type of customer: A resident-Indian relative—spouse, father, mother, son, daughter, daughter-in-law, sister or brother—must guarantee the loan?

Published source: Eligibility

3Are you this type of customer: another resident Indian may guarantee only if the listed relative is unavailable?

Published source: Eligibility

4Does your annual income meet this requirement: Gross income of at least ₹1,00,000 per month or ₹12,00,000 per year, or equivalent?

Published source: Minimum income

5Are you this type of customer: Must have held an NRI account with PNB for at least 6 months, or an NRI account with another bank for the preceding 12 months?

6Document checkDo you have at least one of these required documents: The NRI scheme page names a valid Indian passport and valid work visa/permit as eligibility evidence; it does not specify document copies, attestation format or a complete application checklist?

Published source: Eligibility

7Document checkDo you have at least one of these required documents: Evidence of the stated NRI-account relationship is needed: PNB account held at least 6 months, or another bank's NRI account held for the preceding 12 months. The page does not state a prescribed evidence format?

Published source: Eligibility

8Document checkDo you have this required document or proof: PNB's forms directory lists a general PNB 1337 car-loan form, but the NRI product page does not link it and the form does not name the NRI scheme. Confirm with the branch whether it is used for this variant before treating its generic document fields as mandatory?

Published source: Eligibility

9Document checkDo you have this required document or proof: Individual NRI with valid Indian passport and valid work visa/permit?

Published source: Eligibility
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 7 Oct 2026 · active
Offered byPunjab National Bank

India vehicle purchase; individual applicants

Key facts

What the official sources publish

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

Geographic limitsFor an individual NRI purchasing a new vehicle in India.View source
The scheme is for individual and its stated purpose is purchase of a new car/van/jeep/e-Vehicle//; this is a geographic/applicant-scope fact, not a repetition of the full guarantor and account eligibility conditions.
Source
PNB Car Loan for — official product page
Page / section
Eligibility and Purpose; page updated 25-06-2026
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Loan typeNRI vehicle loan for a new car, van, jeep, electric vehicle, MUV or SUV.View source
The page's Purpose section names purchase of a new Car/Van/Jeep/e-Vehicle//.
Source
PNB Car Loan for — official product page
Page / section
Purpose; product page updated 25-06-2026
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
PurposePurchase of a new car, van, jeep, electric vehicle, multi-utility vehicle or sports-utility vehicle.View source
Both current sources list new vehicles; neither lists used-vehicle finance for this scheme.
Source
PNB Car Loan for
Page / section
Purpose; direct page and Bulletin p.5
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
EligibilityIndividual NRI with valid Indian passport and valid work visa/permit; must hold an NRI account with PNB for at least 6 months or with another bank for the preceding 12 months. A resident-Indian relative—spouse, father, mother, son, daughter, daughter-in-law, sister or brother—must guarantee the loan; another resident Indian may guarantee only if the listed relative is unavailable. Vehicle is hypothecated to PNB and the bank branch must be named on the Joint Registration Certificate (JRC).View source
Publishes an individual- restriction, passport/visa/account tenure, resident-relative guarantee hierarchy, vehicle hypothecation and JRC requirement.
Source
PNB Car Loan for
Page / section
Eligibility and Security; direct page and Bulletin p.5
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Minimum incomeGross income of at least ₹1,00,000 per month or ₹12,00,000 per year, or equivalent.View source
PNB states minimum gross monthly income Rs. 1.00 lac or equivalent OR minimum gross annual income Rs. 12.00 lac or equivalent; these are alternatives, not cumulative thresholds.
Source
PNB Car Loan for
Page / section
Income; direct page and Bulletin p.5
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Maximum amount / finance shareNo rupee cap is stated. The 15% on-road margin allows finance up to 85% of price; PNB may reduce margin to 10% case by case, allowing up to 90%.View source
Margin is 15% of on-road price inclusive of one-time road tax and insurance and can be reduced to 10% case by case. 85%/90% finance shares are the arithmetic complement of the published margins, not separate PNB-stated finance percentages. No rupee amount ceiling is stated.
Source
PNB Car Loan for
Page / section
Margin; direct page and Bulletin p.5; all six product terms reviewed for a separate rupee cap
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Repayment tenureMaximum 84 monthly instalments of principal and interest; repayment begins in the succeeding month.View source
The loan including interest is repaid in up to 84 equated monthly instalments starting the month after the loan is taken.
Source
PNB Car Loan for
Page / section
Repayment; direct page and Bulletin p.5
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Processing fee and current waiverCurrent general Car Loan tariff: 0.25% of loan amount, minimum ₹1,000 and maximum ₹1,500. The tariff's documentation-charge cell is blank, not NIL. PNB's 01-10-2026 to 31-12-2026 campaign says Car Loan upfront/processing/documentation charges are fully waived; the tariff does not name the NRI variant separately. All charges exclude GST/taxes.Effective 1 Oct 2026View source
The exact generic Car Loan fee and current campaign rows are shown with their published scope. Do not interpret the empty documentation-charge cell in the standard row as nil or assert -specific applicability that the tariff does not state.
Source
PNB Services Charges Related to Retail Advances
Page / section
Car Loan campaign lines 494–502; standard Car Loan row lines 544–550; tax note line 612; page last updated 05-10-2026
Accessed
7 Oct 2026
Confidence
medium
Open official source ↗
Vehicle inspection chargeRegular Car Loan accounts: periodical inspection has been done away with and the published charge is NIL. Irregular/NPA accounts: inspection at least quarterly or more often if required; ₹100 + GST. NRI-variant scope is not separately stated in the tariff.View source
The schedule separates regular accounts from irregular/ accounts and gives the ₹100 + charge only for the latter; generic Car Loan scope is not clarified for the variant.
Source
PNB Services Charges Related to Retail Advances
Page / section
Car Loan security inspection/verification rows 618–622; page last updated 05-10-2026
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
SecurityA resident-Indian relative from PNB's listed relationships guarantees the loan; another resident Indian may guarantee only if such relative is unavailable. The purchased vehicle is hypothecated to PNB, and the bank branch must appear on the Joint Registration Certificate.View source
The page separates the listed-relative guarantee from the vehicle hypothecation and Joint Registration Certificate requirement.
Source
PNB Car Loan for
Page / section
Security; direct page and Bulletin p.5
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Interest rateView source
Keep blank until PNB's linked rate schedule or a dated Car Loan rate sheet is accessible. Do not borrow the public Car Loan rate or infer from .
Source
PNB Car Loan pricing sources
Page / section
rate destination inaccessible; current general rate page has no Car Loan row
Accessed
7 Oct 2026
Confidence
medium
Open official source ↗
Rate benchmarkView source
No benchmark/spread is stated on the product page or May Bulletin; the linked rate page cannot be inspected.
Source
PNB Car Loan pricing sources
Page / section
schedule inaccessible; general schedule does not specify this scheme's benchmark or spread
Accessed
7 Oct 2026
Confidence
medium
Open official source ↗
APRView source
Keep blank; the missing pricing route prevents a complete linked pricing review, so this is not recorded as a confirmed absence.
Source
PNB Car Loan pricing sources
Page / section
Direct product page and May Bulletin p.5 show no ; PNB's linked rates destination is inaccessible
Accessed
7 Oct 2026
Confidence
medium
Open official source ↗
Prepayment / foreclosureView source
Keep the comparison cell blank until PNB confirms the generic PNB 1337 applies to this scheme; do not transfer its takeover fee or exemptions by assumption.
Source
PNB Car Loan for and general PNB 1337 Car Loan
Page / section
page and Bulletin omit prepayment terms; general PNB 1337 is listed in the forms directory but is not linked from the product page and does not identify the scheme
Accessed
7 Oct 2026
Confidence
medium
Open official source ↗

Benefits and features

  • Minimum gross income: ₹1,00,000 per month or ₹12,00,000 per year, or equivalent.
  • Published margin is 15% of on-road price including one-time road tax and insurance; PNB may reduce it to 10% case by case.
  • Repayment can extend to 84 equated monthly instalments, beginning in the month after the loan is taken.

Eligibility

  • Individual with a valid Indian passport and valid work visa/permit.
  • Must have held an account with PNB for at least 6 months, or an account with another bank for the preceding 12 months.
  • A resident-Indian relative in one of the listed relationships must guarantee the loan; another resident Indian may guarantee only if such a relative is unavailable.

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

Documents the bank lists

  • The scheme page names a valid Indian passport and valid work visa/permit as eligibility evidence; it does not specify document copies, attestation format or a complete application checklist.
  • Evidence of the stated -account relationship is needed: PNB account held at least 6 months, or another bank's account held for the preceding 12 months. The page does not state a prescribed evidence format.
  • PNB's forms directory lists a general PNB 1337 car-loan form, but the product page does not link it and the form does not name the scheme. Confirm with the branch whether it is used for this variant before treating its generic document fields as mandatory.

Related official documents

PNB 1337 Application Form for Car Loan and attached MITCofficial-car-loan-application-form-and-mitc-pdf · generic-car-form-text-layer-reviewed-visual-and-hash-pending-nri-scope-unclear · accessed 7 Oct 2026
↗
PNB Forms Download — current forms catalogueofficial-forms-catalogue · current-forms-catalogue-reviewed · accessed 7 Oct 2026
↗
PNB Services Charges Related to Retail Advancesofficial-service-charge-schedule · current-tariff-housing-and-car-loan-sections-reviewed · accessed 7 Oct 2026
↗
PNB NRI Bulletin — May 2026official-nri-bulletin-pdf · text-layer-reviewed-visual-and-hash-pending · accessed 7 Oct 2026
↗
PNB Interest Rates on Advances — current general rate pageofficial-interest-rate-page · current-general-rate-page-reviewed-no-nri-car-row · accessed 7 Oct 2026
↗
PNB Car Loan for NRIs — official image discoveryofficial-product-image-discovery · not-found-after-official-image-review · accessed 7 Oct 2026
↗
PNB Car Loan for NRIs — official product pageofficial-product-page · current-product-page-reviewed · accessed 7 Oct 2026
↗
PNB Interest Rates — NRI navigation targetofficial-nri-interest-rate-page-access-attempt · inaccessible-official-page-not-found · accessed 7 Oct 2026
↗
PNB NRI Services catalogueofficial-product-catalogue · current-catalogue-page-reviewed · accessed 7 Oct 2026
↗

Plan before applying

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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₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine 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.

Eligibility · Published conditionIndividual with valid Indian passport and valid work visa/permit; PNB account held at least 6 months or another bank's account held for the preceding 12 months

This value is copied from PNB Car Loan for — published terms. Check the table notes before relying on it.

Source: PNB Car Loan for — official product page; cross-checked with May 2026 Bulletin · Product page Eligibility through Security; Bulletin p.5, six-row table and footnote Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 6 rows · 2 columnsPNB Car Loan for NRIs — published termsThe six scheme headings and terms from the direct page, cross-checked against the May 2026 NRI Bulletin p.5. The PDF's layout still requires visual verification.View tableHide table

Scroll sideways to view every column

PNB Car Loan for NRIs — published terms
TermPublished condition
EligibilityIndividual with valid Indian passport and valid work visa/permit; PNB account held at least 6 months or another bank's account held for the preceding 12 months
PurposePurchase of a new car, van, jeep, electric vehicle, or
Minimum gross income₹1,00,000 per month OR ₹12,00,000 per year, or equivalent
Margin15% of on-road price including one-time road tax and insurance; may be reduced to 10% case by case
RepaymentUp to 84 monthly instalments of principal and interest; begins in the succeeding month
SecurityGuarantee by listed resident-Indian relative; another resident-Indian guarantor only if relative unavailable; vehicle hypothecation; PNB branch named on Joint Registration Certificate
PNB Car Loan for — official product page; cross-checked with May 2026 Bulletin · Product page Eligibility through Security; Bulletin p.5, six-row table and footnote · accessed 7 Oct 2026Open official source ↗
Table 2 · 6 rows · 3 columnsPNB Car Loan charges and current campaignThe PNB tariff calls this Car Loan generally and does not name the NRI variant separately; the standard documentation-fee cell is blank, not NIL. Verify NRI scheme applicability with PNB.View tableHide table

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PNB Car Loan charges and current campaign
Charge / conditionPublished amount or ruleScope / date
Standard Car Loan processing fee0.25% of loan amount; minimum ₹1,000; maximum ₹1,500Current general retail Car Loan schedule; variant not separately named
PNB Utsav Festivities 2026Full waiver of Car Loan upfront/processing/documentation charges01-10-2026 through 31-12-2026; tariff does not state -variant treatment separately
Documentation charge in standard Car Loan rowBlank in the published table; not evidence of NILNo separate numeric documentation charge is printed on this row
TaxesAll published charges exclude /taxesTariff footnote
Inspection — regular accountPeriodical inspection requirement removed; charge NILCar Loan security-inspection schedule
Inspection — irregular/ accountInspection at least quarterly or more often if needed; ₹100 + Car Loan security-inspection schedule; tariff does not identify variant separately
PNB Services Charges Related to Retail Advances · Campaign rows 494–502; Car Loan fee row 544–550; tax note 612; Car Loan inspection rows 618–622; last updated 05-10-2026 · accessed 7 Oct 2026Open official source ↗
Table 3 · 5 rows · 3 columnsPNB 1337 general Car Loan application form — NRI applicability not statedThe general forms catalogue lists PNB 1337; the NRI product page instead links to a lending portal and does not link this form. The form's content is captured as branch-confirmation context, not an NRI required-document list.View tableHide table

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PNB 1337 general Car Loan application form — NRI applicability not stated
Form sectionInformation / documents named in the general form applicability
Applicant and co-applicant, Aadhaar and one listed (passport, voter , driving licence or Aadhaar); date of birth; present/permanent address, country and contact details; supporting documents duly signedGeneral form; page does not link it
Employment and financesEmployment type and history; organization; income proof (three financial years for self-employed/professional; gross/net annual income for salaried/other); bank accounts; assets, liabilities and existing loan repaymentsGeneral form; page does not link it
Vehicle and loan requestNew/old/reimbursement route; vehicle type/make/model, dealer and price; amount requested; fixed/floating option; borrower margin; requested repayment period and moratorium; methodGeneral form; not confirmed as the scheme application
GuarantorSeparate Part II with identity/address, employment, income history, bank accounts and assets/liabilities; supporting documents signed by guarantor scheme itself requires a resident-Indian guarantor; whether PNB 1337 Part II is its prescribed form is not stated
and vehicle securityGeneral form annexes car-loan terms; includes vehicle hypothecation, registration/JRC and insurance-related clausesDo not apply generic PNB 1337 terms to variant until PNB confirms this form/ is used
PNB 1337 Application Form for Car Loan and attached · Application and financial sections pp.1–3; guarantor pp.5–6; general form/ pp.7–13; page references use printed numbering · accessed 7 Oct 2026Open official source ↗

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