PNB COMMERCIAL VEHICLE LOAN

Term Loan: To purchase commercial vehicles OD limit: For meeting of day to day expenses Quantum of Loan For Term Loan: Max. upto Rs. 5.00 Crore. For financing Used/ Second Hand Vehicles minimum purchase price of the vehicle should be Rs. 5.00 lac OD Limit: Rs. 50000/- per vehicle financed PNB subject to maximum Rs.10.00 lac per borrower. OD limit shall be allowed against the vehicles financed PNB only, having on-road purchase price of Rs. 5.00 lac and above. Margin For New Vehicles: 15% on road price as per performa invoice of the Dealer. On road price shall include vehicle ex-showroom Price, insurance, Registration for fully built up vehicles. OR 15% of the cost on purchase of chasis, cost of body building, road tax & insurance expenses. 10% in case of loans upto Rs.2.00 lac In case of E-Rickshaws total Term Loan including replacement cost of batteries (Upto 2 batteries) shall be sanctioned in the beginning by keeping minimum margin of 10%. The TL for batteries will be disbursed through the same A/c after one & two year subsequently. The EMI will be fixed in such a way the total Term Loan is adjusted in 36 months.

Purpose of PNB Transport Scheme:

To purchase Autos, Taxies, E-rickshaws, Commercial Vehicles 
(LCV/MCV/HCV), Cargo Vehicles etc. operating on any kind of energy 
which are permitted by State/ Local authorities etc.

Eligibility

Individual, Partnership, Sole Proprietorship, Private Ltd. /Public Ltd. companies/LLPs/Registered Transport Operators.

Documents for PNB Transport Scheme

Per forma invoice of vehicle

Valid Address Proof:

Rental agreement/Voter’s ID Card/Passport/Ration card/Tel bill or 
Elec. Bill/Trade License

 Identity proof:

Aadhaar Card/Voter's ID card/Driving License/Passport

 Income Proof:

2 years audited financial statements, copies of Income Tax Returns filed and 
latest Provisional financial statement.

Transportation contract copies/Billing copies/LOI

Bank statement for the last 6 months

 Details of existing loans and repayment track record

 List of existing vehicles

Rate of Interest

For loan upto 20 Lac

Particulars                                                          Spread Over RLLR

Advances up to Rs. 50000/-                                                 0.15%

Advances >Rs. 50000/- to Rs. 20 Lakh                             1.40%

EXPOSURE ABOVE Rs. 20 LAKH AND UP TO Rs. 5 CRORE

Internal Risk Rating *	Spread Over RLLR
1	0.70%
2	0.75%
3	1.15%
4	1.60%
5	2.10%
6	3.95%
7& Below

Repo Linked Lending Rate (RLLR): 7.05%

Nature of Advance

Term Loan: To purchase commercial vehicles

OD limit: For meeting of day to day expenses

Quantum of Loan

For Term Loan: Max. upto Rs. 5.00 Crore.

For financing Used/ Second Hand Vehicles minimum purchase price of the vehicle 
should be Rs. 5.00 lac

OD Limit: Rs. 50000/- per vehicle financed PNB subject to maximum Rs.10.00 lac 
per borrower.

OD limit shall be allowed against the vehicles financed PNB only, having on-road 
purchase price of Rs. 5.00 lac and above.

Margin

For New Vehicles:

15% on road price as per performa invoice of the Dealer. On road price shall include 
vehicle ex-showroom Price, insurance, Registration for fully built up vehicles.

                     OR

15% of the cost on purchase of chasis, cost of body building, road tax & insurance 
expenses.

10% in case of loans upto Rs.2.00 lac

In case of E-Rickshaws total Term Loan including replacement cost of batteries
 (Upto 2 batteries) shall be sanctioned in the beginning by keeping minimum margin 
of 10%. The TL for batteries will be disbursed through the same A/c after one & two
 year subsequently. The EMI will be fixed in such a way the total Term Loan is adjusted
in 36 months.

For Used/ Second hand Vehicles:

25% for used/ second hand Light Commercial Vehicle /MCV/HCV not older than 
2 years. (Second hand E-rickshaws shall not be financed)

Repayment Period

Loans upto Rs. 2.00 lac: Up to 36 months

Loans above Rs. 2.00 lac: Upto 60 months for new vehicles.

In case of used/ second hand vehicle, maximum repayment period shall be 60 months 
from the 1st registration date of the vehicle i.e.(60 months minus age of the vehicle)

Moratorium Period

Maximum Moratorium period up-to 3 months in cases where body building is required 
for the vehicle may be allowed.

Prime Security

Hypothecation of Light Commercial Vehicle /MCV/HCV /Auto / Taxi/ Erickshaws etc
 to be purchased from bank finance. (The hypothecation clause shall be registered 
with RTO)

Collateral Security

Loan upto Rs.10.00 Lacs:

No collateral security to be obtained. However, in such cases, the

facility shall invariably be covered under CGTMSE.

Loan amount above Rs. 10.00 Lacs:

50% collateral Security in the shape of immovable property/ eligible liquid security 
from the borrower.

OR

Credit Guarantee Coverage under CGTMSE/CGSSI for the entire exposure as per 
the extent guidelines.

Processing Charges

Up to Rs.5 Lakh                                                      NIL

Above Rs.5 Lakh to Rs.25 Lakh                         0.625

Above Rs.25 Lakh                                                1 – 1.5

                                                 (depending upon rating of firm)

Expenses other than Upfront fee (i.e. CIC/ Cersai/ Insurance etc.) shall be 
borne by the borrower.

PNB CONTACT Details:

Corporate Office: 

Plot No 4, Sector -10 Dwarka New Delhi -110075

PNB TOLL FREE

1800 180 2222

1800 103 2222

 FOR BANKING

1800 180 2222 & 1800 103 2222 (Toll Free)

+91 120 2490000(Global Users)

FOR BALANCE ENQ.(BY MISSED CALL)

1800 180 2223 (Toll Free)

+91 120 2303090(Global Users)

FOR CREDIT CARD

1800 180 2345(Toll Free)

+91 120 4616200(Global Users)

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