For some certain reasons, you would like to access a second hand or used car, will bank finance you for that? Don’t worry! There is several of the car loan financing, if it comes to used cars. Punjab national bank (pnb) is offering the used car loan scheme that is the best answer for your requirements.
Pnb car loan is also available for the purchase of old and used vehicles at affordable rates and flexible terms. But, you should remember that chosen car or vehicle should not be older than 3 to 5 years. As per the standard norms and regulations, depreciation will also be charged up to 15% per annum on current invoice. And, car finance will be offered for the purchase of vehicle of indigenous or foreign makes.
As far as car loan eligibility is concerned, same process will be taken into consideration like any other loan product. For this type of car loan, individuals as well as business personnel either corporate or non-corporate can easily apply. They just have to show a regular source of income and affordability to repay the loan back. Regular income should be at the desired level that must be up to rs. 20000. In case you don’t met the exact criterion, then you can add the income of spouse or parent in order to increase the eligibility.
For any old vehicle, the loan amount together with interest is to be repaid maximum in 60 equated monthly installments (EMIs). You can easily apply for the loan with the help of online application for and process your loan faster. Through online application form, you might avail the lower rates and receive the instant approval followed by the moment of applying. You don’t have to wait for the long weeks and stay worried about the approval for the financial help.
Pnb car loan is also available for the purchase of old and used vehicles at affordable rates and flexible terms. But, you should remember that chosen car or vehicle should not be older than 3 to 5 years. As per the standard norms and regulations, depreciation will also be charged up to 15% per annum on current invoice. And, car finance will be offered for the purchase of vehicle of indigenous or foreign makes.
As far as car loan eligibility is concerned, same process will be taken into consideration like any other loan product. For this type of car loan, individuals as well as business personnel either corporate or non-corporate can easily apply. They just have to show a regular source of income and affordability to repay the loan back. Regular income should be at the desired level that must be up to rs. 20000. In case you don’t met the exact criterion, then you can add the income of spouse or parent in order to increase the eligibility.
For any old vehicle, the loan amount together with interest is to be repaid maximum in 60 equated monthly installments (EMIs). You can easily apply for the loan with the help of online application for and process your loan faster. Through online application form, you might avail the lower rates and receive the instant approval followed by the moment of applying. You don’t have to wait for the long weeks and stay worried about the approval for the financial help.
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