Punjab & Sindh Bank New Car Loan

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Location 50Km from Branch
CIBIL Score 685+
Loan Amount & Tenure 1 Lac to 2 Cr
(12 month to 84 month)
Loan to Value(LTV) 1. 100% funding of On Road price for Govt employee having account with PSB
2. 95% for Other Govt Employee 3. 90% for Others
Type of Funded Vehicle New Car
Rate of Interest & Type 9.05% to 10.05% (Fixed)
Processing Fees 0.25% of Loan amount subject to minimum 1000 maximum 15000
TAT Sanction-2 Days
Disbursement-3 Days
Foreclosure Charges Individual-NIil, Non Individual-1%
Applicant Any Salaried or Self Employed Person
Applicant Age 1. Self Employed & Salaried Person with Pension :18 to 70 Year
2. Salaried Non Pension-18 yera to 60 year
Applicant Minimum Income 1. Salaried having monthly net Salary>25K 2. Self Employed Person having ITR>3 Lac
Business Vintage for Self Employed Applicant 2 Year
Minimum Job Experience for Salaried Applicant 1 Year
Whether Co-Applicant Mandatory No
Part Payment Allowed Yes
Product 1. Salaried- 48 Time of gross monthly Salary
2. Self Employed-4 time of average annual income of last 2 year
Negative Profile No Negative Profile
USP 1. Funding to NRI aswell
2. Funding to Pensioner also

Punjab & Sindh Bank New Car Loan EMI Calculator

Interest Type

Loan Amount

Interest Rate


Loan Tenure

Loan Amount100,000
Interest %9 %
Tenure (months)12
Emi (monthly)8,745
Total Interest4,942
Loan Amount + Interest104,942
YearTotal Principal
( A )
Total Interest
( B )
( A + B)
Total Payment Loan Paid Till Date (%)
24,1652,07026,23575,83524.16 %
Oct7,9957508,74592,0057.99 %
Nov8,0556908,74583,95016.05 %
Dec8,1156308,74575,83524.16 %
75,8322,87378,7053100.00 %
Jan8,1765698,74567,65932.34 %
Feb8,2385078,74559,42140.58 %
Mar8,2994468,74551,12248.88 %
Apr8,3623838,74542,76057.24 %
May8,4243218,74534,33665.66 %
Jun8,4872588,74525,84974.15 %
Jul8,5511948,74517,29882.70 %
Aug8,6151308,7458,68391.32 %
Sep8,680658,7453100.00 %
Right Document : Easy Process

Required Documents to Apply for Punjab & Sindh Bank New Car Loan

Salaried Person

  • KYC of applicant
  • Last 3 Month Salary Slip
  • Last 12 month Bank Statement of applicant
  • Last 3 year ITR with computation of income of applicant or Last 2 Year Form 16 of applicant
  • 26AS of last 2 year of applicant
  • Quotation of Car
  • Latest Utility Bill of co-borrower if Owned premises else rent agreement if rentedSanction letter of all running loan
  • Latest utility Bill if owned residence or rent agreement if rented

Self Employed

  • KYC of applicant & Co-Applicant
  • KYC of Co-BorrowerLast 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • Copy of Last 12 month GST return if applicable
  • Quotation of Car
  • Sanction letter of all running loan
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

About Punjab & Sindh Bank New Car Loan

With Punjab & Sindh Bank's New Car Loan, you may unlock the door to your dreams and aim towards a more promising tomorrow. Your journey to owning your ideal car starts here, just as every trip does. Enjoy the road ahead since it opens up unlimited possibilities, and keep in mind that the road to success usually begins with determination, and your dream car is the mode of transportation that will bring you there. Let Punjab & Sindh Bank be your dependable companion on this magnificent path of aspirations and achievements.

PSB car loans are widely accessible both online and offline. The offline application can be received at the bank's closest branch. Someone wishing to apply may reach out to the branch to obtain an application form as well as details regarding the documents that must be provided and the fees associated with an application.

Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Leave Your Question


No, the borrower won’t have to pay any Foreclosure Charges for the early closing Punjab & Sindh Bank Car Loan.

The Repayment Tenure of a Punjab & Sindh Bank Car Loan is upto 84 months 

To apply for a Car Loan from Punjab & Sindh Bank you can visit their official website or you can also apply easily through ReferLoan. 

The minimum required salary to apply for  Punjab & Sindh Bank Car Loan is Rs. 25,000 per month. 

Yes, the Documentation Charges will be for Actual Stamp/Revenue expenses only