PURPOSE

A) INDIAN ARMY_AGNIVEERS- For purchase of New Two Wheeler Vehicles.
(B) DEFENCE PERSONNEL in INDIAN ARMY- For purchase of New and Old Four Wheeler Vehicles (All Variants) and New Two Wheeler Vehicles (All variants)

ELIGIBILITY

maintaining their Gaurav Bachat Salary and Pension Accounts having respective salary and pension credits with Punjab & Sind Bank.

AGE

5. Minimum : 18 years

5. Maximum: Subject to adjustment of loan before the age of

1. Employee without pension  – 60 years

             Employee with pension– 70 years

MARGIN

(i) For New Vehicle- Applicable margin of on-road price inclusive of one time Road Tax, Registration & Insurance, shall be NIL
(ii) For old four wheeler  - 25%

ROI

New Four Wheeler/ Two Wheeler (all variants)/Agniveer Two Wheeler

PSB E-VAHAN FOUR WHEELER:

PSB APNA VAHAN OLD FOUR WHEELER:

REPAYMENT

INDIAN ARMY_AGNIVEERS  

For new two wheeler vehicles:  Max. 48 months.

INDIAN ARMY -

For new four wheeler vehicles: Max. 84 months.

For new two wheeler vehicles:  Max. 60 months.

For Old four wheeler: Max 60 months subject to the age of the vehicle

(Total period of Repayment plus age of vehicle not to exceed 84 months)

PROCESSING CHARGES

WAIVED

LUMPSUM CHARGES

DOCUMENTATION /INSPECTION – WAIVED

PREPAYMENT CHARGES

NIL

DUE DILIGENCE

WAIVED

GAURANTEE

NIL

CREDIT PROTECT INSURANCE ALSO AVAILABLE