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PNB
 
Home >> Personal Banking >> Credit Schemes >> Two Wheelers Finance
 
 
Eligibility
 
  • Individuals in service with minimum net monthly salary of Rs. 10000/-

  • Students, aged 18 years and above, with salaried parent as co-borrower;

  •  Business concerns (Corporate or non-corporate).

  • Income of spouse can be added.

  •  
    Purpose

    For purchase of new two wheelers viz. Scooter(s), Motor cycle(s), Moped(s).

     
    Amount of Loan
     

    For Scooters / Motorcycles - Maximum Rs. 1.00 lac

    For Mopeds – Maximum Rs. 10000/-

    Margin
     

    Individuals - 10% (Salary through bank/check off facility)

    Business Concerns -  25%

     
    Security

    The vehicle purchased with the amount of loan is to be hypothecated to the Bank. It will be registered in the name of the borrower jointly with the Bank.

    • Loan upto Rs. 25,000- No Guarantee
    • Loan above Rs. 25,000- Suitable Guarantee acceptable to bank.
    Rate of Interest
     
    Repayment
     
    • For scooter and Motorcycle: Maximum 60 EMIs.
    • For Scooterrete : Maximum 30 EMIs.
    • For Moped: Maximum 24 EMIs.
     
    Upfront Fee & Documentation Charges
     
    • Upfront Fee: Rs.275/ + Service tax + Education cess. 

    • Documentation Charges: Rs.275/ + Service tax + Education cess

    • All other terms & conditions of the scheme as applicable.

     
    Online application facility : Click Here
     
     
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