🔹 Why Car Loan? (Need of Car)
• Car daily transportation को आसान बनाती है (24×7 door-to-door)।
• Car time बचाती है और flexibility देती है।
• Emergency में car fast access देती है।
• Car status symbol भी मानी जाती है।
🔹 Car Loan Market – India
• India में car loan demand middle class बढ़ने से तेजी से बढ़ रही है।
• Flexible loan, affordable interest और used car finance से scope बढ़ा है।
🚘 Vehicle Loan Schemes in PNB
• Car Loan for Public (New / Old / Reimbursement)।
• Insta (In-built) Car Loan – Existing MSME/Corporate borrowers।
• PNB Car Loan to NRI Customers।
• PNB Combo Loan (Housing + Car)।
• PNB Green Car Loan (e-Vehicle)।
• Insta Vehicle Loan – Existing Home Loan Borrowers।
• PNB Yuva Vahan Scheme।
🚗 Car Loan for Public – Basic Points
• New / Old Car (≤3 years old) finance किया जाता है।
• Own fund से खरीदी car की reimbursement (≤3 months invoice) allowed।
• Private use → Individual / Joint borrowers (Parent/Spouse/Children)।
• Business concern → Last 2 years cash profit mandatory।
💰 Income & Loan Eligibility
• Minimum Net Monthly Income → ₹25,000।
• Loan Amount → 25× Gross Monthly Income, Max ₹100 lakh (Individuals)।
• Liquid security 110% देने पर income condition waive हो सकती है।
• Business concerns → No upper ceiling of loan amount।
📉 Margin (Down Payment)
• New Car → 15% (CHCAC may reduce to 10%)।
• Tie-up cases → 10% or NIL on ex-showroom price।
• Old Car → 25%।
• Reimbursement → 25% on on-road price।
⏳ Repayment Period
• New Car → Max 84 EMIs (7 years)।
• Old Car → Max 60 EMIs (5 years)।
• Agriculture borrowers → Half-yearly / yearly repayment allowed।
• Age limit → Salaried/Pensioner 70 yrs, Others 65 yrs।
📊 Permissible Deduction (GMS/I)
• Income up to ₹50,000 → 50% deduction।
• Income above ₹50,000 → 60% deduction।
• AGM-PLP/CHCAC → Deduction limit relax कर सकते हैं।
⚡ Insta (In-built) Car Loan – MSME/Corporate
• Existing MSME/Corporate borrowers के लिए automatic car loan।
• Minimum existing credit limit → ₹100 crore।
• Last 3 months SMA-1/2 नहीं होना चाहिए।
• No fresh KYC, No income proof, No processing fee।
• Loan Limit → Sanctioned limit का 10%, Max ₹100 lakh।
🌍 PNB Car Loan to NRI
• Eligible → Valid Indian Passport + Work Visa।
• Minimum Income → ₹1 lakh per month / ₹12 lakh per year।
• Loan Amount → Max ₹100 lakh or 18× GMI।
• Margin → 15%।
• Repayment → Max 84 EMIs।
• Security → Resident Indian relative guarantee।
🏠🚗 PNB Combo Loan (Housing + Car)
• Eligible → Housing Loan ≥ ₹15 lakh।
• Only Brand New Car allowed।
• Margin → 10% (90% finance)।
• Repayment → Max 84 months।
• Processing Fee → NIL।
• Security → Extension of housing mortgage।
⚡🌱 PNB Green Car Loan (e-Vehicle)
• Purpose → New Electric Car / Reimbursement (≤3 months)।
• Margin → 10% or NIL on ex-showroom price।
• Repayment → Max 120 EMIs (10 years)।
• Age limit → 70 yrs (salaried), 65 yrs (others)।
• Subsidy → Loan account में credit की जाती है।
🏠🚘 Insta Vehicle Loan – Home Loan Borrowers
• Existing Home Loan ≥ 3 years (no default)।
• Loan → 90% on-road price, Max ₹10 lakh।
• No fresh income proof required।
• Repayment → Car: 100 months, Two-wheeler: 84 months।
👦 PNB Yuva Vahan
• Age → 18–35 years।
• Minimum Income → ₹25,000 per month।
• Joint borrower → Only spouse allowed।
• ROI Concession → 5 bps।
• Scheme Code → TLYVL।
🎯 Exam Super-Hit One Liners
• New Car EMI → Max 84 months।
• Old Car EMI → Max 60 months।
• Electric Car EMI → Max 120 months।
• Car Loan Max for Individuals → ₹100 lakh।
• Reimbursement Invoice → ≤3 months old।
• NRI Car Loan EMI → 84 months।
