Punjab and Sind Bank provides loan facilities for car and other new or old vehicles (not more then two year old) which conditions are follows:

Eligibility:

Loan for person who have employee of Central / State Govt., PSUs, Local Registered Bodies,

Who doing work in any universities recognized by U.G.C., Schools/ colleges run by Govt. or done his service of 3 years of any Professionals /Self-employed,

Who have employee of any corporate clients of Bank
And general public.

Age limit: 21 to 65 years

Quantum of loan:

Salaried Class for new vehicle up to10 lack and for Old Vehicles Quantum of loan not to exceed Rs.5 lack

Margins:

Margin for new vehicles is 10% and for old vehicles is 30% (Amount of loan shall not exceed 70% of market value of vehicle or value of vehicle net of depreciation @ 20% whichever is low)

Processing fee: Rs.100/- for two wheelers and
Rs.500/- for Cars /Vans / Jeeps

Repayment:

For new vehicles 60 months and for old vehicles is Maxm.36moths

Interest Rates (in %):

Revised Rate of Interest (08.08.2012)

For New Vehicles BR (10.50%) + 0.75% = 11.25% and for Old Vehicles BR (10.50%) + 3.00% = 13.50%