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Old March 12th, 2016, 12:00 PM
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Join Date: Nov 2011
Default Re: PNB Two Wheeler Loan Apply Online

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

Eligibility
Persons in service with minimum net monthly salary of Rs. 10000/-
Students whose age is 18 years and above, with salaried parent as co-borrower;
Business concerns like the Corporate or non-corporate.
Income of spouse can also 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 bought with the amount of loan is to be hypothecated to the Bank. It will be registered in the name of the borrower along with the Bank.

Loan upto Rs. 25,000- No Guarantee
Loan above Rs. 25,000- appropriate 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.
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