Business, & agriculture finance

PNB Transport Scheme

Commercial RTO-registered vehicle finance with a term loan up to ₹5 crore and a separate overdraft of ₹50,000 per PNB-financed vehicle, capped at ₹10 lakh per borrower.

Facility amountTerm loan up to ₹5 crore. A used/second-hand vehicle must have purchase price at least ₹5 lakh. OD: ₹50,000 per PNB-financed vehicle, up to ₹10 lakh per borrower; only for PNB-financed vehicles with on-road price at least ₹5 lakh.Eligible customerIndividuals, partnerships, sole proprietorships, private/public limited companies, LLPs and registered transport operators financing commercial RTO-registered vehicles.Collateral50% collateral in immovable property/eligible liquid security, or credit-guarantee coverage under CGTMSE/CGSSI for the full exposure as per the stated guidelines.

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✓ Manually checked 8 Oct 2026 · active

Offered byPunjab National Bank

See the official bank source for geographic availability.

Key facts

What the official sources publish

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

Eligible customerIndividuals, partnerships, sole proprietorships, private/public limited companies, LLPs and registered transport operators financing commercial RTO-registered vehicles.View source

The eligibility list and commercial-use/RTO registration purpose are preserved; unregistered equipment is excluded.

Source: PNB Transport Scheme
Page / section: page 1, Eligibility and Purpose
Accessed: 8 Oct 2026
Confidence: high

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Term loan, used-vehicle purchase floor and the per-vehicle/borrower cap are distinct published values with separate on-road eligibility.

Source: PNB Transport Scheme
Page / section: page 1, Loan Amount
Accessed: 8 Oct 2026
Confidence: high

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RepaymentLoans up to ₹2 lakh: up to 36 months; above ₹2 lakh: up to 60 months for new vehicles. Used-vehicle repayment is limited to 60 months from first registration (60 months less vehicle age). E-vehicle loans above ₹5 lakh may be allowed up to 84 months. OD: 1 year, subject to annual renewal. E-rickshaw term-loan instalments are fixed to adjust total finance, including up to 2 replacement batteries, within 36 months.View source

The different limits are retained by loan size and vehicle type. The source states that the used-vehicle maximum is measured from first registration.

Source: PNB Transport Scheme
Page / section: pp.1–2, Tenure of Loan and new-vehicle margin, e-rickshaw condition
Accessed: 8 Oct 2026
Confidence: high

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Collateral50% collateral in immovable property/eligible liquid security, or credit-guarantee coverage under CGTMSE/CGSSI for the full exposure as per the stated guidelines.View source

The property/liquid-security route and full-exposure guarantee alternative are stated separately.

Source: PNB Transport Scheme
Page / section: page 2, Collateral Security
Accessed: 8 Oct 2026
Confidence: high

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Processing / upfront feeNominal unified processing/upfront fee; the sheet gives no rupee amount or percentage.View source

Keep the scheme's published fee wording; the current general tariff does not supply a scheme-specific rupee fee.

Source: PNB Transport Scheme
Page / section: page 2, Service Charges
Accessed: 8 Oct 2026
Confidence: high

Open official source ↗

DocumentsPNB links a conditional 25-item general MSME checklist for MSME applicants; the checklist is not Transport-specific or exhaustive. PNB's commercial-loan FAQ says a case-specific checklist accompanies the application.View source

The checklist includes entity/owner, registration, financial, existing-bank, project and security records, with applicability conditions shown in its complete table. PNB's says the scheme/application-specific list accompanies the form.

Source: PNB Banking catalogue and linked general checklist
Page / section: Banking, scheme link and Application Forms/Checklist; checklist pp.1–2, items 1–25
Accessed: 8 Oct 2026
Confidence: high

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MSME credit-decision timelineFor MSME applications, PNB states a credit-decision timeline not exceeding 14 working days for limits up to ₹25 lakh and 6 weeks for limits above ₹25 lakh. This is not a sanction or disbursement guarantee.View source

The says the timelines are mandated under the direction. The product sheet lists transport borrowers broadly, so the timeline is stated only when the application falls under the scope.

Source: PNB Frequently Asked Questions — Commercial Loans
Page / section: Commercial Loans , What is the time frame for sanctioning Commercial Loans?; table: Credit Limit / Time limit not exceeding
Accessed: 8 Oct 2026
Confidence: high

Open official source ↗

Benefits and features

Commercial electric, CNG, LNG and hybrid vehicles are eligible.
For electric vehicles with a loan above ₹5 lakh, repayment up to 84 months may be permitted.

Eligibility

Finances RTO-registered vehicles for commercial purpose. Unregistered equipment is excluded; second-hand e-rickshaws are not financed.
The overdraft applies only to vehicles financed by PNB with on-road purchase price of at least ₹5 lakh. Used/second-hand vehicles must have minimum purchase price ₹5 lakh; the used-vehicle margin row is limited to LCV/MCV/HCV not older than 2 years.

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

Documents the bank lists

For applicants, see PNB's linked 25-item general checklist; items are conditional on entity and facility and it is not Transport-specific or exhaustive. PNB's Commercial Loans says a loan-specific checklist accompanies the application form.

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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.

Amount you want to borrowThe money you would receive from the lender.₹twenty-five lakh rupees₹50,000₹2,00,00,000Yearly interest rateThe percentage charged on the outstanding loan each year.%2%30%Time to repayA longer time usually lowers the monthly payment but raises total interest. months6 months360 months

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

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TableParameter

Purpose / objective · Published termsFinance RTO-registered vehicles for commercial purpose. Electric, CNG, LNG and hybrid commercial vehicles are eligible. Unregistered equipment (the example reads 'pokelane') is not financed under the scheme.

This value is copied from PNB Transport Scheme — complete published terms. Check the table notes before relying on it.

Source: PNB Transport Scheme · pages 1–2, complete scheme table Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 10 rows · 2 columnsPNB Transport Scheme — complete published termsView tableHide table

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PNB Transport Scheme — complete published terms
Parameter	Published terms
Purpose / objective	Finance RTO-registered vehicles for commercial purpose. Electric, CNG, LNG and hybrid commercial vehicles are eligible. Unregistered equipment (the example reads 'pokelane') is not financed under the scheme.
Eligibility	Individuals, partnerships, sole proprietorships, private/public limited companies, and registered transport operators.
Facility type	Term loan to purchase commercial vehicles; limit for day-to-day expenses.
Loan amount	Term loan up to ₹5 crore. Used/second-hand vehicle purchase price must be at least ₹5 lakh. ₹50,000 per PNB-financed vehicle, maximum ₹10 lakh per borrower; only for PNB-financed vehicles with on-road purchase price at least ₹5 lakh.
Margin — new vehicles	15% of dealer pro-forma on-road price (for fully built vehicles, ex-showroom price plus insurance and registration), OR 15% of chassis, body-building, road-tax and insurance costs. Margin is 10% for loans up to ₹2 lakh. E-rickshaw term loan may include replacement cost of up to 2 batteries at the start with minimum 10% margin; instalments must adjust the total term loan within 36 months.
Margin — used vehicles	25% for used/second-hand LCV/MCV/HCV not older than 2 years. Second-hand e-rickshaws are not financed.
Tenure	Loans up to ₹2 lakh: up to 36 months. Above ₹2 lakh: up to 60 months for new vehicles. Used vehicle: no more than 60 months from first registration (60 months minus vehicle age). E-vehicle loans above ₹5 lakh may be allowed up to 84 months. : 1 year, subject to annual renewal.
Collateral security	50% collateral in immovable property/eligible liquid security OR credit-guarantee cover under /CGSSI for the full exposure as per applicable guidelines.
Rate of interest	Concessional rate linked with Internal Risk Rating; no numeric rate/spread stated in the scheme sheet.
Service charges	Nominal unified processing/upfront fee; no rupee amount/percentage stated in the sheet.

The source's spelling 'pokelane' is retained as printed; it appears as an example of equipment not registered with the RTO. The and term-loan amount rules are separate.

PNB Transport Scheme · pages 1–2, complete scheme table · accessed 8 Oct 2026Open official source ↗

Table 2 · 25 rows · 3 columnsPNB general MSME checklist — full published itemsView tableHide table

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PNB general MSME checklist — full published items
Item	Document / information requested	Condition
1	Asset and liability statement of proprietor/partners/directors	As applicable to the entity
2	SSI/ registration and registration certificates	If applicable
3	Rent agreement for rented business premises; Pollution Control Board clearance	If applicable
4	Applicant should not be a defaulter with any bank/financial institution	Applicant condition in checklist
5	Account statement for the last 6 months with existing bankers	Existing bankers
6	Three years' audited unit balance sheets with income-tax/ returns and applicable assessment orders; provisional balance sheet if latest audited balance sheet is unavailable; projected balance sheet/cash budget for the next two years for working-capital limits and for the loan period for term loans	Financial records and projection periods depend on facility
7	Borrowing concern's year-to-date performance (balance sheet, profit and loss, etc.)	As requested in checklist
8	Information on legal heirs and relationship to applicant	Individual/sole proprietor/partner/ cases
9	Government approvals for power, pollution and building plan; land allotment/conveyance deed; architect certificate validating construction cost; project report with machinery, suppliers, price, capacity, production, sales, profit/loss and balance-sheet projections	Term loans; items depend on project
10	Month-wise sales and production; imported/indigenous raw materials; work-in-progress/finished stock; debtors, creditors and bank working-capital/term/bill-discounting outstanding	Account review information
11	Manufacturing process, executive profiles, tie-ups, raw-material suppliers, buyers, competitors and comparative strengths/weaknesses	Manufacturing/where applicable
12	Top 20 major suppliers and customers, with contact number/address	As requested in checklist
13	Unit profile: promoters/directors, business activity, office/plant addresses and shareholding pattern	As applicable to entity
14	External risk rating copy	If applicable/available for facility
15	Lease/title deeds and approved plans for properties offered as primary/collateral security	Where property security is offered
16	Agreement with principal	Distributors/sole selling agents/franchises
17	Proof of minority status	If applicable (the checklist cites SC/ST/OBC etc.)
18	Borrowing concern and promoters'/directors'/partners' income-tax returns	As requested in checklist
19	Associate/allied concern details and their last three years' financial statements/borrowing arrangements	Where associates/allied concerns exist
20	Other-bank/FI sanction terms and reason for takeover	Takeover cases
21	Existing-bank account position and confirmation that the asset is standard	Takeover cases
22	Orders in hand, status and copies of orders/letters of intent/contracts	Bank-guarantee limit
23	Lease deeds, lease term/unexpired period/renewal/exit/penalty; lessor profile and lessee constitution, management, scale, years, business and profitability	Future-lease-rental discounting only
24	Sanction letters with detailed terms and conditions	Existing sole/multiple/consortium-bank limits
25	Any other document required under prevailing bank guidelines	Bank's residual request

PNB's full general checklist. Each row's conditional scope is retained; it is not a scheme-specific exhaustive list, and non- applicants should not treat it as their checklist.

PNB loan documents checklist — current linked · pages 1–2, checklist items 1–25 · accessed 8 Oct 2026Open official source ↗

Table 3 · 14 rows · 2 columnsPNB Commercial Loans FAQ — common and activity-dependent application documentsView tableHide table

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PNB Commercial Loans FAQ — common and activity-dependent application documents
Document / information	PNB-published condition
Duly filled loan application form	Common document
Identity proof: Aadhaar, Voter , passport, driving licence, , or signature identification from present bankers	Proprietor/partner/director, as applicable
Residence proof: Aadhaar, recent telephone/electricity bill, property-tax receipt, passport or voter	Proprietor/partner/director, as applicable
Proof of business address	Common document
Company Memorandum/Articles or partnership deed	Constitution documents, as applicable
Promoter/guarantor assets and liabilities statement with latest income-tax returns	Common document
Legal Entity Identifier registration	Listed under common documents
SSI/ registration / Udyog Aadhaar Memorandum	If applicable
Projected balance sheets for the next 2 years for working capital; for the loan period for term finance	Facility-dependent
Last 3 years' audited balance sheets	Firm/company etc., as applicable
Lease/title deeds of properties offered as primary or collateral security	Where property is offered
Certificate of incorporation from Registrar of Companies, including and directors' DIN	For a company
Bank account details and outstanding existing loans/limits	Where applicable
number and returns	If applicable

PNB's says it will provide a legal/regulatory-compliant case checklist with the application form and can assist with the form. This list is general commercial-loan guidance, not a scheme-specific exhaustive requirement.

PNB Frequently Asked Questions — Commercial Loans · Commercial Loans , What Documents need to be submitted for a commercial loan? · accessed 8 Oct 2026Open official source ↗

Table 4 · 2 rows · 2 columnsPNB MSME credit-decision timelineView tableHide table

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PNB MSME credit-decision timeline
Credit limit	Time limit not exceeding
Up to ₹25 lakh	14 working days
Above ₹25 lakh	6 weeks

PNB says these timelines apply to conveying credit decisions under the direction. The separately states that post-digital approval disbursement depends on the information and documentation supplied; this table is not a promise of sanction or disbursement.

PNB Frequently Asked Questions — Commercial Loans · Commercial Loans , credit-decision timeline table · accessed 8 Oct 2026Open official source ↗

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PNB Transport Scheme

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Loan repayment estimate

Find the exact published value

Complete rates, limits and schedules

Related products

PNB Arhatia Scheme

PNB Artisan Credit Card

PNB Bill Financing

PNB Compressed Bio Gas (CBG) under SATAT Scheme