Drive Your Dream Today
PGB Four Wheeler Loans: Affordable, Transparent, and Tailored for your lifestyle.
Loan Amount (Quantum)
Individuals: 25x Gross Monthly Income (Up to ₹100 Lakh). Business Concerns(Corporate ,Non-Corporate): No Ceiling.
Repayment Tenure
Up to 84 EMIs (7 Years) for New Vehicles; 60 EMIs (5 Years) for Old Vehicles.
Attractive Interest
Rates starting from 7.45%*. No prepayment charges on Floating Rates.
Low Processing Fee
₹1,000 + GST).
Eligibility & Income
Minimum Net Monthly Income: ₹40,000
Includes Salary / Pension / Business Income.
- Income of Spouse/Parents/Children can be added (One co-borrower permitted).
- Liquid Security: No min. income required if providing 110% Term Deposit security.
- Agriculturists: Income determined by land holding and cropping patterns.
What Can You Buy?
New Vehicles
Car, Van, Jeep, MUV, or SUV.
Bank Contribution85%
Margin: 15% of On-Road Price
Old Vehicles
Max 5 years old & unencumbered.
Bank Contribution75%
Margin: 25% of Valuation
Security
Age Limits: Repayment within 70 years (Pensioners) or 65 years (Others).
Primary: Hypothecation of vehicle purchased.
Guarantor: Required if Monthly Salary < ₹50k. Govt/PSB/MNC employees exempted.
Prepayment
Floating RateFREE
Fixed Rate2.00%