| Loan Name | PNB Insta Vehicle Loan |
| Objective | To offer a hassle-free vehicle loan to existing PNB Home Loan borrowers |
| Purpose | Purchase of a car or two-wheeler for personal use |
| Eligible Borrowers | Existing PNB Home Loan borrowers |
| Eligibility Condition | Home loan must have run for a minimum of 3 years, excluding the moratorium period |
| Repayment Record | There should be no single default in EMI in the home loan account |
| Age of Applicant | Same as applicable under PNB Vehicle Loan Scheme |
| Type of Facility | Term Loan |
| Security | Hypothecation of the vehicle to be purchased |
| Insurance | Vehicle must be comprehensively insured; insurance cost is borne by the borrower |
| Loan Amount / Assessment | Up to 90% of the on-road price of the car/two-wheeler |
| Maximum Loan Amount | ₹10 lakh |
| Fresh Income Proof | Not required |
| Pre-Sanction Requirement | No fresh pre-sanction / fresh income proof required |
| Repayment Period – Four Wheeler | Maximum 100 months |
| Repayment Period – Two Wheeler | Maximum 84 months |
| Rate of Interest | As applicable under PNB’s vehicle loan interest-rate structure |
| Processing Charges | As applicable under PNB’s prescribed charges |
| Prepayment Charges | Nil |
| Important Feature | The scheme is specifically designed for existing PNB Home Loan borrowers with a satisfactory repayment track record |
| Important Note | The above are the salient features of the scheme. Final terms are subject to PNB’s applicable rules and branch-level assessment. |
