About Punjab National Bank
Punjab National Bank is a leading public sector bank in India and it has a long history of providing financial products that serve the needs of people from various walks of life. It is a banking institution which came into existence in the year 1894. It has its headquarters in New Delhi, India with a wide network of more than 6,986 bank branches with over 9,935 operating ATMs spread across 764 cities in India. Its key products include wealth management, private equity, mortgage loans, private banking, investment banking, finance, insurance, corporate banking, consumer banking and also credit cards. PNB is one of the leading providers of car loans that are comparatively easy to receive, fast and pocket friendly.
In the present day and age it is often difficult for people to commute easily from one place to another even in India’s big cities unless individuals have access to personal means of transport. But most of us are incapable of buying our dream vehicle because of financial constraints. Thus, the need for car loans including PNB car loans to finance a vehicle of ones choice. Car loan is a scheme where the banks and NBFCs offer financial aid to individuals for purchasing a vehicle of their choice in return for a small amount payable by them in the form of interest. Loan applicants or borrowers look out for car loans that have a lower interest rate as this would decrease their overall payout and. The reason being, the lower the rate of interest on the loan, the lower will be amount of EMI payable by them during the overall loan tenure of the bank. Presently there are many banks in the market providing car loan services and Punjab National Bank is one of them.