Punjab National Bank Bike Loans

Find details of punjab national bank bike loan through Punjab National Bank EMI calculator. Just enter the loan amount of bike you want to get financed and rate of interest. Punjab National Bank EMI calculator automatically calculates the installment on reducing balance and it does not have any other processing fee.

Also see:   Car Loan Emi Calculator
Punjab National Bank
Punjab National Bank

New Bike Loan Rates

Tenure5 years
Down Payment
Processing Feemin Rs 275
Interest Rate9.55%
Document ChargesRs.250

Loan Eligibility Calculator

Punjab National Bank Bike Loan eligibility, Interest Rate, documents and process

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.
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.