IndiaBanks.org · independent research

Personal, home, vehicle & other loans

PNB Car Loan

Vehicle finance for new and used cars, with up to 84 months for a new vehicle and a ₹20,000 minimum monthly salary in the published scheme chart.

RateFloating rates in PNB's published new-car table run from 7.85% to 9.70% p.a. by borrower type, vehicle type and CIBIL band; fixed rates run from 8.85% to 10.70% p.a.Maximum financeUp to 25 times net monthly salary, maximum ₹1 crore for the four-wheeler scheme; new vehicles are financed up to 90% of on-road price in the scheme chart.Maximum amountVehicle finance for new and used cars, with up to 84 months for a new vehicle and a ₹20,000 minimum monthly salary in the published scheme chart.
Official product page ↗Compare category

Quick eligibility check

PNB Car Loan

0 of 3 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: Minimum monthly salary ₹20,000 in the published vehicle-loan scheme features chart?

Published source: Minimum income

2Does your annual income meet this requirement: Confirmed/permanent employee with minimum monthly salary ₹20,000 in the scheme features chart?

3Does your age meet this requirement: rate and sanction vary by , vehicle age and borrower route?

0 of 3 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 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.

RateFloating rates in PNB's published new-car table run from 7.85% to 9.70% p.a. by borrower type, vehicle type and CIBIL band; fixed rates run from 8.85% to 10.70% p.a.View source
The official table publishes the floating and fixed ranges by and vehicle route.
Source
Interest Rates on Advances — PNB
Page / section
Car Loan (new car) and vehicle table
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
BenchmarkRLLR + BSP (Repo Linked Lending Rate plus Business Strategic Premium), with spread determined by CIBIL and vehicle route.View source
The official table expresses car-loan rates as + plus a spread.
Source
Interest Rates on Advances — PNB
Page / section
Car Loan rate table
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum financeUp to 25 times net monthly salary, maximum ₹1 crore for the four-wheeler scheme; new vehicles are financed up to 90% of on-road price in the scheme chart.View source
The official scheme chart publishes the salary multiple, ₹1 crore cap and margin.
Source
Scheme Features Chart — PNB
Page / section
Vehicle Loans
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeMinimum monthly salary ₹20,000 in the published vehicle-loan scheme features chart.View source
The official chart states minimum monthly salary ₹20,000 and confirmed/permanent employment.
Source
Scheme Features Chart — PNB
Page / section
Vehicle Loans eligibility
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Processing fee0.25% of loan amount, minimum ₹1,000 and maximum ₹1,500; documentation charges are nil in the current retail schedule.View source
The current schedule publishes 0.25% and ₹1,000/₹1,500 bounds.
Source
Services Charges Related to Retail Advances — PNB
Page / section
Non-Mortgage — Car Loan
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
TenureNew vehicle: maximum 84 months or remaining service, whichever is lower; old vehicle: maximum 60 months or remaining service, whichever is lower.View source
The official chart publishes 84- and 60-month maximums.
Source
Scheme Features Chart — PNB
Page / section
Vehicle Loans repayment
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
APRNot published as a separate APR percentage or calculation for PNB Car Loan.View source
The product catalogue and rate table publish , margins and fees but no calculation.
Source
Vehicle Loans — PNB
Page / section
Complete rate and fee review
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNot published for the standard PNB Car Loan variant on the reviewed product and retail charge pages.View source
The reviewed sources do not state a standard car-loan prepayment amount; no value is inferred.
Source
Vehicle Loans — PNB
Page / section
Complete charge review
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Loan typeVehicle loanView source
The official product name identifies this as “PNB Car Loan”.
Source
PNB Car Loan — official product page
Page / section
Official product name and loan classification
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum amountVehicle finance for new and used cars, with up to 84 months for a new vehicle and a ₹20,000 minimum monthly salary in the published scheme chart.View source
The manually reviewed product summary states: “Vehicle finance for new and used cars, with up to 84 months for a new vehicle and a ₹20,000 minimum monthly salary in the published scheme chart.”.
Source
PNB Car Loan — official product page
Page / section
Published loan terms in product summary
Accessed
30 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Up to 25 times net monthly salary and ₹1 crore maximum for the listed four-wheeler route
  • 90% financing for new vehicles in the scheme chart
  • 84-month maximum for a new vehicle
  • Separate rates for new/old, electric and bands

Eligibility

  • Confirmed/permanent employee with minimum monthly salary ₹20,000 in the scheme features chart; rate and sanction vary by , vehicle age and borrower route.

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

Documents the bank lists

  • Identity/address proof
  • Salary/income proof and bank statements
  • Vehicle quotation and registration/insurance documents

Related official documents

Interest Rates on Advances — PNBofficial-rate-table · current · accessed 30 Aug 2026
↗
Services Charges Related to Retail Advances — PNBofficial-service-charge-page · current · accessed 30 Aug 2026
↗
Vehicle Loans — PNBofficial-product-page-and-pdf · current · accessed 30 Aug 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₹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.

More from Punjab National Bank

Related products

PNB e-OD Against Fixed Deposit

An overdraft credit line against one eligible PNB fixed deposit, available digitally from ₹25,000 up to ₹50 lakh with a rate one percentage point above the linked deposit rate.

View product

PNB Personal Loan for LIC Employees

A personal loan for confirmed employees, up to 24 times gross monthly salary capped at ₹20 lakh, with nil margin, processing and prepayment fees.

View product

PNB PMAY-U 2.0 Home Loan

Home finance aligned to 2.0 Interest Subsidy Scheme, with up to ₹25 lakh finance and up to ₹1.80 lakh interest subsidy for eligible households.

View product

PNB Baghban Reverse Mortgage

A reverse-mortgage facility that pays regular monthly instalments against an unencumbered self-occupied home, up to ₹1 crore including interest, for senior-citizen living expenses.

View product