Punjab National Bank Car Loan Interest Rates

Maximum Amount of Loan: – Rs. 1,00,00,000

Rate of Interest: For New Car – 7.55% - 7.80%  For Used Car – 8.55% - 8.80%

Tenure For New Car – Maximum 7 years For Used Car – Maximum 5 years

Processing Charges: 0.25% of the Loan amount

An applicant with higher credit score will get a better i.e., reduced rate of interest as compared to an applicant with lower credit score.

Document Required – Identity proof – Address proof – Income proof – Bank statement – Passport size photograph – Duly filled application form

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