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PNB Green Car (E-Vehicle) Loan

Electric-car finance for a new vehicle or a vehicle no more than three months old, with up to 120 , 100% ex-showroom financing and no processing or documentation charge.

RateCurrent new e-vehicle rates run from 7.60% to 9.65% p.a. floating and 8.60% to 10.65% p.a. fixed, varying by borrower type and CIBIL band; the table includes a 0.05% concession versus other new-car pricing.Maximum amountFor individuals and proprietorship concerns, up to 25 times gross monthly salary/pension/income with a ceiling of ₹1 crore; business concerns have no published ceiling.TenureMaximum 120 equated monthly instalments, beginning in the month after disbursement; repayment must finish by age 70 for salaried persons 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: Minimum net monthly salary, pension or income ₹25,000?

Published source: Minimum income

2Does your annual income meet this requirement: No minimum monthly income is required when the borrower provides liquid security equal to 110% in a term deposit?

Published source: Minimum income

3Does your annual income meet this requirement: Individuals may apply alone or with one permitted parent, spouse or earning-child co-borrower?

4Do you meet this requirement: Companies and firms must have been in cash profit for the last two years?

5Does your annual income meet this requirement: A liquid term deposit of 110% can remove the minimum-income requirement?

0 of 5 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.

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 ↗
RateCurrent new e-vehicle rates run from 7.60% to 9.65% p.a. floating and 8.60% to 10.65% p.a. fixed, varying by borrower type and CIBIL band; the table includes a 0.05% concession versus other new-car pricing.View source
The current new-car table publishes the e-vehicle column beginning at 7.60% and rising by /borrower segment; the electric route is 0.05% below other new-car pricing in each matching band.
Source
Retail Advances — PNB interest-rate table
Page / section
Car Loan (New Car), e-vehicle column
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
BenchmarkRLLR + BSP with borrower and CIBIL-dependent spread; the e-vehicle column receives a 0.05% rate concession.View source
The official table expresses new-car pricing as + plus the published borrower/ spread and shows separate e-vehicle rates.
Source
Retail Advances — PNB interest-rate table
Page / section
Car Loan (New Car), e-vehicle column
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
APRNot published as a separate APR percentage or calculation for PNB Green Car Loan.View source
The product page and current rate table publish but no calculation.
Source
PNB Green Car — complete rate review
Page / section
Rate Of Interest
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeMinimum net monthly salary, pension or income ₹25,000. No minimum monthly income is required when the borrower provides liquid security equal to 110% in a term deposit.View source
The official page states ₹25,000 minimum income and a 110% liquid-term-deposit alternative.
Source
PNB Green Car (E-Vehicle) Loan
Page / section
Income Criteria
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum amountFor individuals and proprietorship concerns, up to 25 times gross monthly salary/pension/income with a ceiling of ₹1 crore; business concerns have no published ceiling.View source
The official quantum section publishes the 25-times income rule and ₹1 crore ceiling for individuals/proprietorships and says there is no ceiling for business concerns.
Source
PNB Green Car (E-Vehicle) Loan
Page / section
Quantum Of Finance
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
TenureMaximum 120 equated monthly instalments, beginning in the month after disbursement; repayment must finish by age 70 for salaried persons with pension/pensioners and age 65 for others.View source
PNB publishes 120 and the age-at-repayment limits.
Source
PNB Green Car (E-Vehicle) Loan
Page / section
Repayment (Maximum)
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Processing feeNIL.View source
The official page states nil processing/upfront charges.
Source
PNB Green Car (E-Vehicle) Loan
Page / section
Processing Charges/ Upfront Fee
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo pre-payment charges.View source
The official page states no pre-payment charges.
Source
PNB Green Car (E-Vehicle) Loan
Page / section
Prepayment Charges
Accessed
30 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Minimum net monthly salary, pension or income ₹25,000
  • Up to 25 times gross monthly salary/pension/income, capped at ₹1 crore for individuals and proprietorship concerns
  • 100% of ex-showroom price for a new car or 10% margin on on-road price
  • 25% margin for reimbursement of a new car up to three months old
  • Maximum 120 equated monthly instalments
  • Nil processing, documentation and prepayment charges

Eligibility

  • Individuals may apply alone or with one permitted parent, spouse or earning-child co-borrower. Companies and firms must have been in cash profit for the last two years. A liquid term deposit of 110% can remove the minimum-income requirement.

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

Documents the bank lists

  • and income proof
  • Vehicle quotation and registration documents
  • Co-borrower documents where income is pooled
  • Business financials and proof of two years' cash profit where applicable

Related official documents

PNB Green Car (E-Vehicle) Loanofficial-product-page · current · accessed 30 Aug 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
↗

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.

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.

PNB Saarthi · Current rate10.85% floating / 11.85% fixed salaried; 11.35% / 12.35% others

This value is copied from PNB vehicle loans — published terms. Check the table notes before relying on it.

Source: PNB Saarthi and Green Car official pages, rate table and charge schedule · Vehicle loans Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 2 rows · 5 columnsPNB vehicle loans — published termsCurrent rates, income rules, limits, tenures and charges from PNB official product pages and shared disclosures.View tableHide table

Scroll sideways to view every column

PNB vehicle loans — published terms
ProductCurrent rateAmount / incomeTenureCharges
PNB Saarthi10.85% floating / 11.85% fixed salaried; 11.35% / 12.35% others₹10 lakh super-bike or ₹1.50 lakh other two-wheeler maximum; ₹10,000 monthly minimum60/30/24 by vehicle type0.50%, ₹500–₹1,000; nil prepayment
PNB Green Car7.60–9.65% floating; 8.60–10.65% fixed e-vehicle bands25× gross monthly income, max ₹1 crore for individuals; ₹25,000 monthly minimum or 110% term depositUp to 120 ; age 70/65 repayment limitsNil processing, docs and prepayment
PNB Saarthi and Green Car official pages, rate table and charge schedule · Vehicle loans · accessed 30 Aug 2026Open official source ↗

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