Two Wheeler Loan 

PNB Two Wheeler Loan Schemes | Interest Rates | EMI Calculator

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PNB India offers Two Wheeler Finance Schemes under Various Attractive Offers. You can get details of Interest Rates, Documents, Processing Fees & charges, Amount of loan, Repayment Period etc at Deal4loans.com. PNB Currently offers loan for purchase of new two wheelers viz. Scooter(s), Motor cycle(s), Moped(s).

PNB Two Wheeler Loan Interest Rates 2021

  • Salary being disbursed through PNB and /or under check-off facility = 9.40%
  • Others including business concern = 9.90%
  • Power Ride (for Women Only) = 8.55% upto 36 months only.

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Professional Details
Loan Amount:

Occupation:

Annual Income:

City:

Eligibility

  1. Individuals in service with minimum net monthly salary of Rs. 10000/-
  2. Students, aged 18 years and above, with salaried parent as co-borrower;
  3. Business concerns (Corporate or non-corporate).
  4. Income of spouse can be added.

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.

Repayment

  1. For scooter and Motorcycle: Maximum 60 EMIs.
  2. For Scooterrete : Maximum 30 EMIs.
  3. 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.

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