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PNB Power Ride Two-Wheeler Loan

PNB financing for women buying a new scooter, motorcycle, moped or scooterette, with up to ₹60,000 and a 36-month repayment term.

Current Power Ride ratesFloating 10.00% p.a.; fixed 11.00% p.a.Maximum financeNeed-based finance up to ₹60,000, with 10% margin on ex-showroom price.Repayment periodUp to 36 months. Total deductions including the proposed EMI must not exceed 50% of gross monthly income.
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Quick eligibility check

PNB Power Ride Two-Wheeler Loan

0 of 8 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.

1Do you meet this requirement: ₹8,000, including the proposed two-wheeler instalment?

Published source: Minimum net monthly income

2Do you meet this requirement: For women purchasing a new two-wheeler?

3Are you this type of customer: Salaried applicants need at least six months at the current job?

4Are you this type of customer: self-employed applicants need more than one year in business?

5Do you meet this requirement: Students may apply with a parent/guardian co-borrower?

6Document checkDo you have at least one of these required documents: Salaried: latest 3 salary slips and Form 16 or previous-year ITR?

Published source: Minimum net monthly income

7Document checkDo you have this required document or proof: Self-employed: previous-year ITR?

Published source: Minimum net monthly income

8Document checkDo you have this required document or proof: Student: parent/guardian co-borrower salary/income proof?

Published source: Minimum net monthly income
0 of 8 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 typeTwo-wheeler vehicle loan for purchase of a new scooter, motorcycle, moped or scooterette.View source
The official purpose section lists the eligible new two-wheelers.
Source
PNB Power Ride — Two-Wheeler Loan for Women
Page / section
Purpose
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Current Power Ride ratesFloating 10.00% p.a.; fixed 11.00% p.a.View source
The named PNB Power Ride row prints the floating current value and fixed rate.
Source
PNB Retail Advances — current vehicle-loan rate tables
Page / section
Section 10, PNB Power Ride row
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Floating benchmark and spreadRLLR + BSP + 1.90 percentage points; PNB's current RLLR is 8.35% effective 8 October 2026. The rate page prints 10.00% p.a. as the current floating value; not recalculated.View source
The benchmark page publishes ; the separate vehicle rate page publishes Power Ride's named spread and current value. No calculation replaces PNB's printed figure.
Source
PNB Interest Rates on Advances — current benchmark row
Page / section
table, 8.35% effective 8 October 2026; paired with vehicle rate-page section 10 formula
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Minimum net monthly income₹8,000, including the proposed two-wheeler instalment.View source
The scheme requires ₹8,000 net monthly income including the proposed .
Source
PNB Power Ride — two-wheeler financing for women
Page / section
Minimum net monthly income
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Maximum financeNeed-based finance up to ₹60,000, with 10% margin on ex-showroom price.View source
The page states need-based finance up to ₹60,000 and margin of 10% of ex-showroom price.
Source
PNB Power Ride — two-wheeler financing for women
Page / section
Quantum of Finance and Margin
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Repayment periodUp to 36 months. Total deductions including the proposed EMI must not exceed 50% of gross monthly income.View source
The scheme states both a 36-month maximum and a 50% gross-income deduction ceiling.
Source
PNB Power Ride — two-wheeler financing for women
Page / section
Repayment and deduction conditions
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Processing fee0.50% of loan amount; minimum ₹500 and maximum ₹1,000. Taxes/GST are extra.View source
The applicable rate and minimum/maximum are the same charge row PNB names for two-wheeler loans/Power Ride; the tax note applies.
Source
PNB Services Charges Related to Retail Advances — vehicle rows
Page / section
Two-Wheeler Loans — PNB Power Ride charge row and tax note
Accessed
8 Oct 2026
Confidence
high
Open official source ↗
Prepayment chargeNil prepayment charge.View source
The scheme page explicitly lists nil prepayment charges.
Source
PNB Power Ride — two-wheeler financing for women
Page / section
Prepayment Charges
Accessed
8 Oct 2026
Confidence
high
Open official source ↗

Benefits and features

  • Floating rate 10.00% p.a.; fixed rate 11.00% p.a.
  • Minimum net monthly income ₹8,000 including the proposed
  • Maximum finance ₹60,000 with 10% margin on ex-showroom price
  • Maximum repayment 36 months; total deductions including proposed capped at 50% of gross income
  • Processing 0.50%, minimum ₹500 and maximum ₹1,000 plus taxes; nil prepayment

Eligibility

  • For women purchasing a new two-wheeler. Salaried applicants need at least six months at the current job; self-employed applicants need more than one year in business. Students may apply with a parent/guardian co-borrower. Applicant age 18–65 and valid driving licence are stated conditions.

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

Documents the bank lists

  • Salaried: latest 3 salary slips and Form 16 or previous-year
  • Self-employed: previous-year
  • Student: parent/guardian co-borrower salary/income proof

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 Power Ride — Two-Wheeler Loan for Womenofficial-product-page · current · accessed 30 Aug 2026
↗
PNB Power Ride — two-wheeler financing for womenofficial-product-page · complete-product-page-reviewed · accessed 8 Oct 2026
↗
PNB Display of RBI Norms — retail-loan rates, charges and APR, quarter ended March 2026official-regulatory-disclosure-pdf · all-pages-text-and-visual-review-complete · accessed 8 Oct 2026
↗
Retail Advances — PNB current rate tableofficial-rate-table · current · accessed 30 Aug 2026
↗
Services Charges Related to Retail Advances — PNBofficial-service-charge-page · 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₹24,126twenty-four thousand one hundred twenty-six rupees
Interest paid over the full loan₹32,90,130thirty-two lakh ninety thousand one hundred thirty rupees
Everything you repay₹57,90,130fifty-seven lakh ninety thousand one hundred thirty 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.

Power Ride · range / mean10.00%–11.00%; mean 10.50%

This value is copied from PNB Power Ride — historical portfolio rates, charges and (March 2026 quarter). Check the table notes before relying on it.

Source: PNB Display of Norms — retail-loan rates, charges and , quarter ended March 2026 · Pages 1–3, Annexures 1A–1C; Power Ride row Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 1 row · 6 columnsPNB Power Ride — historical portfolio rates, charges and APR (March 2026 quarter)Historical portfolio disclosure, not a current PNB Power Ride offer. The source names Power Ride separately from the generic Two Wheeler Loan row. APR is calculated on a ₹1,00,000 loan.View tableHide table

Scroll sideways to view every column

PNB Power Ride — historical portfolio rates, charges and APR (March 2026 quarter)
Scheme row range / meanProcessing feeDocumentation charge rangeScope and conditions
Power Ride10.00%–11.00%; mean 10.50%0.50% of loan amount; minimum ₹500 and maximum ₹1,000 plus taxes10.25%–11.25%Past-quarter portfolio figures; the disclosure leaves the documentation-charge cell blank; basis ₹1,00,000.
PNB Display of Norms — retail-loan rates, charges and , quarter ended March 2026 · Pages 1–3, Annexures 1A–1C; Power Ride row · accessed 8 Oct 2026Open official source ↗
Table 2 · 10 rows · 2 columnsPNB Power Ride — current scheme termsWomen-focused scheme's published age, income, limit, margin, deductions, documents, rate and charge details.View tableHide table

Scroll sideways to view every column

PNB Power Ride — current scheme terms
ParameterPublished value / condition
Vehicle/borrowerNew scooter, motorcycle, moped or scooterette for women applicants.
Employment/studentSalaried: at least 6 months in current job; self-employed: over 1 year; student may apply with parent/guardian co-borrower.
Age/licenceAge 18–65 and valid driving licence.
IncomeAt least ₹8,000 net monthly including proposed instalment.
Amount/marginNeed-based up to ₹60,000; 10% margin on ex-showroom price.
Deduction capAll deductions including proposed must be no more than 50% of gross monthly income.
RateFloating 10.00% p.a. (++1.90 points); fixed 11.00% p.a.
TenureUp to 36 months.
DocumentsSalaried: latest 3 salary slips and Form 16 or previous-year ; self-employed: previous-year ; students: parent/guardian co-borrower salary/income proof.
Charges0.50%, minimum ₹500, maximum ₹1,000 plus taxes; prepayment nil.
PNB Power Ride — current page with linked rate and charge schedules · Complete product page; rate section 10; charge rows · accessed 8 Oct 2026Open official source ↗

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