| Loan Name | PNB Combo Car Loan Scheme |
| Objective | To provide a car loan at concessional interest rates and attractive terms to existing and new PNB Housing Loan borrowers. |
| Eligible Borrowers | Existing and new PNB Housing Loan borrowers |
| Housing Loan Eligibility | Housing Loan sanction limit should be ₹15 lakh or above |
| Security Condition | Eligibility starts after creation of security on the house property under the Housing Loan |
| Vehicle Eligible | Only brand-new 4-wheelers |
| Old Car | Not eligible |
| Minimum Gross Income – Salaried | ₹50,000 per month |
| Minimum Income – Professional / Self-Employed / Businessman | ₹6 lakh minimum annual post-tax income as per ITR, based on the average of the last 3 years |
| Income Growth Requirement | There should be consistent growth in gross income during the last 3 years |
| Maximum Total Deduction | Total deductions, including existing Housing Loan EMI, other loan EMIs and proposed Car Loan EMI, should not exceed 60% of gross income |
| Margin | 10% of the on-road price |
| Maximum Financing | Eligible borrowers can get a loan up to 90% of the on-road price of the vehicle |
| Repayment Period | Car loan repayment period should be less than or equal to the remaining repayment period of the Housing Loan |
| Maximum Car Loan Tenure | 84 months (7 years) |
| Existing Housing Loan Account | Account should be standard with satisfactory track record |
| Security for Car Loan | Car Loan is secured through extension of mortgage on the existing Housing Loan property |
| Vehicle Hypothecation | The scheme’s stated additional security is the extension of mortgage on the existing housing-loan property |
| Interest Rate | PNB’s current car-loan rates start from 7.65% p.a. for non-e-vehicles and 7.60% p.a. for e-vehicles, subject to applicable borrower category/CIBIL score. The Combo scheme page itself does not state a separate numerical rate. (PNB) |
| Interest Calculation | Interest is charged on advances on the basis of 365 days per year, unless otherwise specified |
| Processing Charges | As applicable under PNB’s prescribed charges; the scheme page provides a separate processing-charge reference |
| Important Condition | For existing Housing Loan borrowers, the Housing Loan account must have a satisfactory repayment track record |
| Scheme Type | Housing Loan + Car Loan combination |
| Last Updated on PNB Page | 14 February 2025 |
| Important Note | These are the salient features published by PNB. Final eligibility, sanction, rate and charges are subject to PNB’s applicable rules and assessment. |
