Punjab and Sind Bank Car Loan - Easy Approval, Affordable Rates
Punjab and Sind Bank offers car loan for new cars as well as for used cars at an attractive interest rate staring from 7.30% p.a. (as of August 2026). The process to apply for the loan is simple and can be completed online.
Key Features and Benefits
- Low interest rates starting from 7.30 p.a.
- Loans available for both new and used vehicles
- Flexible repayment tenure of up to 84 months
- No maximum loan limit for eligible applicants
- Available to individuals, proprietors, and businesses
- Joint car loan facility for co-applicants
Punjab and Sind Bank Car Loan Eligibility Criteria
- Indian residents between 21 and 70 years of age
- Salaried employees, self-employed individuals, and business owners
- Steady income and a good credit history
- Co-applicants allowed for joint loan applications
Documents Required for Punjab and Sind Bank Car Loan
Document Type | Accepted Documents |
Identity Proof | |
Address Proof | Utility bills, Aadhaar, Rent Agreement |
Income Proof | Salary slips, bank statements, IT returns |
Vehicle Documents | Proforma invoice or vehicle Registration Certificate |
How to Apply for a Punjab and Sind Bank Car Loan
You can apply for a car loan either online or by visiting a branch.
Online Process:
- Go to the official Punjab and Sind Bank website
- Navigate to the car loan section
- Fill in the loan application form
- Upload all necessary documents
- Wait for bank verification and approval
Offline Process:
- Visit your nearest Punjab and Sind Bank branch
- Request the car loan application form
- Submit the completed form along with documents
- Discuss terms and await loan processing
EMI Calculator
Use the Punjab and Sind Bank EMI calculator on the official website to:
- Estimate your monthly EMI based on the loan amount, interest rate, and tenure
- Compare different EMI scenarios to choose a repayment plan that fits your budget
Tips to Get a Better Interest Rate
- Maintain a credit score above 750
- Choose a shorter repayment tenure to save on total interest
- Submit complete and accurate documentation
- Make a higher down payment to reduce the loan amount
Punjab and Sind Bank Car Loan FAQs
- Who can apply for car loans offered by Punjab & Sind Bank?
Individuals and businesses can apply for car loans offered by Punjab & Sind Bank.
- For what purpose can I apply for a car loan from Punjab & Sind Bank?
You can apply for a car loan from Punjab & Sind Bank for the purpose of purchasing new and used cars for private use only.
- Can I take a joint car loan from Punjab & Sind Bank?
Yes, you can take a joint car loan from Punjab & Sind Bank.
- Can I use the car that I plan to buy using the Punjab & Sind Bank Auto Loan for commercial purposes?
No, you cannot use the car that you plan to buy using the Punjab & Sind Bank Auto Loan for commercial purposes.
- What is the maximum amount that individual borrowers or Proprietors can avail through car loans offered by Punjab & Sind Bank?
There is no limit on the maximum amount that individual borrowers or proprietors can avail through car loans offered by Punjab & Sind Bank.
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