| Loan Name | PNB Saarthi |
| Purpose | Purchase of new two-wheelers such as scooters, motorcycles, scooterettes and mopeds, subject to registration with the RTO |
| Eligible Applicants | Existing PNB customers with at least 6 months satisfactory transactional record |
| New Customers | New customers with a satisfactory track record of at least 1 year with another Bank/FI |
| Age | 18 to 65 years |
| Driving Licence | Valid driving licence is required |
| Salaried Persons | Salaried individuals are eligible; salaried persons with pension can be considered up to 70 years of age |
| PNB Salary Account | Salaried individuals drawing salary from PNB or under check-off facility from employer are eligible |
| Students | Students aged 18 years and above can be considered until gainfully employed, with a salaried parent as co-borrower drawing salary from PNB |
| Business Concerns | Corporate and non-corporate business concerns are eligible |
| Minimum Net Monthly Salary/Income | ₹10,000 per month, after all deductions including the proposed two-wheeler loan instalment |
| Student Income | Income/salary proof of parent/guardian who is the co-borrower is considered |
| Spouse Income | Spouse’s income can be considered if satisfactory proof of income is provided |
| Business Income Verification | Through Income Tax Returns filed and tax-deposit challans |
| Loan Amount – Super Bikes/Hybrid Two-Wheelers | Maximum ₹10 lakh for engine capacity of 200 CC and above, subject to repayment capacity |
| Loan Amount – Other Two-Wheelers | Maximum ₹1.50 lakh, subject to repayment capacity |
| Margin – PNB Salary / Check-off | 10% |
| Margin – Business Concerns | 25% |
| Security | Hypothecation of the two-wheeler financed by the bank |
| Guarantee | Guarantee acceptable to the bank as per applicable guidelines |
| Loan up to ₹25,000 | No guarantee |
| Loan above ₹25,000 | Suitable guarantee acceptable to PNB is required |
| Repayment – Scooter/Motorcycle | Maximum 60 EMIs |
| Repayment – Scooterette | Maximum 30 EMIs |
| Repayment – Moped | Maximum 24 EMIs |
| Prepayment Charges | Nil |
| Rate of Interest | As applicable under PNB’s prevailing two-wheeler loan interest-rate structure |
| Interest Calculation | Interest is charged on advances on the basis of 365 days per year, unless otherwise specified |
| Processing Charges / Upfront Fee | As per PNB’s prevailing applicable charges |
| Documentation Charges | As per PNB’s prevailing applicable charges |
| Important Note | These are the salient features published by PNB; detailed terms should be confirmed with the nearest PNB branch |
| Page Last Updated | 07 February 2025 |
