Punjab & Sind Bank Car Loan Noida Interest Rate-Wishfin

Punjab & Sind Bank Car Loan in Noida

About Punjab & Sind Bank Car Loan Noida

Punjab & Sind Bank Car Loan Noida invites salaried class employees and businessman/self-employed professional to avail car loans that would help them plan purchase for either a new car or a second handed car as per their own convenience. With minimal documentation processes and affordable EMI options to choose from, the car loan borrower needs to maintain a good credit history so as to get the fast sanction of their appropriate car loans.Moreover, the interest rate offered by Punjab & Sind Bank Car Loan Mumbai on car loans range from  9.00% – 11.75% per annum.

Punjab & Sind Bank Car Loan Noida at a glance

ParticularsDetails
Interest Rate7.10% - 7.45%
Loan AmountUnder Auto Loan Scheme

No maximum ceiling on loan amount on new car and used car for any borrower (salaried or business).

Under Commercial Vehicle Scheme

For new business entities: - Maximum ₹ 50.00 lac

For existing business entities: - Maximum ₹ 2.00 crore (Loans above ₹ 2.00 crore may be considered out of this policy and may be considered as per the guidelines vide loan policy of the Bank.)
TenureUnder Auto Loan Scheme

For new cars : Maximum 7 years

For old cars: Maximum 5 years subject to age of vehicle (total period of Repayment plus age of vehicle not exceeding 7 years).

Under Commercial Vehicle Scheme

Maximum:5 Year

Flexible repayment:Ballooning of installment may be done.

Moratorium Period: 3 Months over & above the overall repayment period
Processing FeeUnder Auto Loan Scheme

One-Time:
Four Wheeler Loan: 0.25% on the loan amount, subject to minimum of ₹1000.00and maximum of ₹15000.00
Two wheeler Loan: 0.25% on the loan amount, subject to minimum of ₹1000.00 and maximum no limit.
Processing fee is waived for Staff members, retired employees of our Bank and pensioners drawing pension through our Bank.


Under Commercial Vehicle Scheme

One time:
1.00% of the loan amount
(Refund of entire Processing fee is available at the time of final payment provided borrower makes timely repayment of installments).
Pre-payment ChargesUnder Auto Loan Scheme
No prepayment penalty is levied if the loan is adjusted by the borrower from his own sources. In case of loan take over, prepayment penalty to be charged at 1% on outstanding balance

Under Commercial Vehicle Scheme
The borrower may opt to prepay / adjust the loan from his own verifiable legitimate sources or genuine sale without attracting any penalty, except take-over of the loan by other bank/ FI/ NBFC, which would attract prepayment at 1% of the balance loan amount.

Eligibility Criteria

The borrowers need to fulfill the following eligibility criteria while applying for Punjab & Sind Bank Car Loan:

  • Individuals as well as business concerns(either corporate or non-corporate) are eligible to apply for car loan.
  • The business concerns involving proprietorship/partnership firm/ Limited company, trust, society, associations owning and operating or proposing to own and operate transport vehicles so as to carry passengers or goods on hire.
  • The borrower/borrowers need to hold the necessary driving license or engage driver who possess the valid license for operating the type of vehicle for which credit is sought.
  • The age limit of the borrower should be 18 years to 65 years, subject to age for repayment.
  • The borrower/borrowers should submit proof of permanent residential address.
  • The borrower/borrowers need to obtain a permit by an appropriate authority to ply vehicle for passengers or goods traffic on hire.
  • The borrower need to have a sufficient net worth in order to pay for the margin and initial recurring expenses like registration, insurance, etc. In case where the borrower does not meet this requirement, a co-borrower having sufficient net worth can be included.
  • Any one of the borrower or guarantor should possess a minimum two years experience in relevant transport business.

Documents Required

The salaried employees as well as business concerns(either corporate or non-corporate) need to produce the following documents while applying for car loan.

  • Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible)
  • Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card.
  • Proof of Income: Latest salary slip with form 16 / Audited balance sheet, Profit & Loss Account for latest two years/ Have a minimum turnover of ₹ 4,50,000 per annum / Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company / Latest ITR
  • Bank Statement: Last 6 months

To know more, visit Car Loan Noida

Address of Punjab & Sind Bank Branches in Noida

Branch NameComplete AddressIFSCMICRContact Number
NTPC NoidaNTPC Sector - 24 Noida , G.B.Nagar - 201301PSIB00010291100230590120-2410301/2596044
Noida (Sector – 24)
A - 10/A F.D.D.I.Complex, Sector - 24, Noida Gautam Budh Nagar - 201301 PSIB00007331100230890120-2411337
ChikamberpurChikamberpur, Yuvraj Complex, Delhi U.P. Border, Chikamberpur – 201006
PSIB00007011100230790120-2622950
DPS NoidaDelhi Public School, Sector - 30, Noida, Distt. Gautam Budh Nagar
PSIB00009071100231060120 2456441
Greater Noida Greater Noida, Kaison Tower, Ist Floor, Alpha - I, District Gautam Buddha Nagar, Uttar Pradesh PSIB0020970NON-MICR0120 2523594
Greater NoidaLG 8, Gns Plaza, Suraj Pur Kasna Main Road, Plot No. S7.1, Distt. Gautam Budh Nagar 201306, Up
PSIB0021309NON-MICR9312519433
Sector-Sixty Three, Noida Plot No C1A, Sector 63, Noida, Up  201307
PSIB0021511NON-MICR9871124778
Sector-Forty Nine, NoidaPlot No. B-80, Sector 49, Noida, Up  201301PSIB0021513NON-MICR9560521525

Personal Loan Interest Rates March 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates March 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%