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Punjab National Bank 24*7 customer care toll-free number for all general enquiries is 18001802222 or 18001032222 .
Punjab National Bank is a public sector bank having a huge global presence. The customer care of the bank is available 24x7 for the customers to contact the bank for any queries or concerns that they may have or any information they may require about the products and services of the bank. The bank has a variety of products and services for its corporate and retail customers within India and abroad.
About Punjab National Bank Car Loan Customer Care
Punjab National bank has a dedicated customer care service available 24x7 throughout the year for any assistance needed by the customers. The customer care service of the bank can handle multi-lingual calls (Tamil/Telugu/Kannada/Malayalam/Punjabi) so as to maximise/ optimise the support extended to the customers. The customers can call on the following numbers to contact the customer care service of the bank.
Sector – 10
New Delhi – 110075
The bank also has IVRS (Interactive Voice Response System) to enable immediate assistance with some basic topics or requirements like
Apart from the above channels of customer care service, the bank also specialized customer care executives dealing with specific areas/queries relating to products and services of the bank or any banking transactions. Some of the examples of the same are mentioned here,
Customer can contact the customer care division to give their feedback or even contact on the following numbers for any assistance related to credit cards 1800 180 2345/ 0120 4616200
The PNB car loans are designed to assist the retail and corporate customers in purchasing new cars or used/old cars (less than 3 year old) or even reimbursing the cost of new car purchased by the applicant out of his/her own funds (within 3 months of such purchase). The bank does not offer loans for purchase of vehicles for commercial use. Some of the details of the car loans offered by the bank are given below.
The bank offers car loans to individual borrowers or to business concerns for purchase of vehicles for personal use only. The bank has set minimum income criterion for such borrowers to be at least Rs. 20,000 (whether it is monthly salary/net income/pension).
The bank also allows including the income of the spouse/parents/earning children to be included to ascertain the income eligibility of the applicant provided such person is also considered as a co-applicant/co-borrower.
The bank has set different loan limits for individual borrowers and for business concerns. Following are the details for the same.
For individual borrowers/ proprietorship concerns – Lower of,
Rs. 100 Lakhs,
25 times the net monthly salary/pension of the borrower.
For business concerns – The Bank has set no limit for the amount of loan that can be sanctioned to the business concerns (whether corporate or non-corporate) for purchase of single or multiple vehicles.
The margin requirements of the bank are enlisted here:
15% of on road price (including road tax and insurance)
New cars (PNB tie-up with dealer/manufacture)
10% of on road price
Old/ Used cars
30% of on road price
Reimbursement of car purchased (considered as new car)
25% of on road price
Repayment tenure –
The bank offers a varied repayment schedule for the different categories of vehicles purchased under this scheme of loan.
New car/Van/ Jeep/MUV/ SUV
84 Months (7 years)
Old or used car/Van/ Jeep/ MUV/ SUV
60 months (5 Years)
Individuals engaged in agriculture or allied activities
Half yearly or yearly intervals (coinciding with the harvest time)
The bank has floating rate as well fixed rate of interest applicable on the PNB vehicle/Car loans. The final applicable rate of interest depends up on the credit score of the applicant, the banks policy or guidelines in place, relationship with the bank, etc.
The average rate of interest applicable on the car loans ranges from 8.75% to 9.20%.
The grievance redressal process of the bank is a well-defined and systematic process detailing the information that the customers have to furnish while reporting any complaint or grievance as well as the levels of escalation hat they can use in order to get a thorough resolution for their grievance or redressal.
Following is the grievance redressal process of PNB.
The customers can escalate the complaint or grievance to the first level of escalation available within the grievance redressal system of the bank i.e. the Circle Head of the Bank, in case the response is not received from the Branch Manager or if the response is not satisfactory. The contact details for the same are available at the bank’s website.
If however, the customer feels that the response from the Circle Head is also not to the best possible standard or satisfactory or if no response is received in this case as well, he/she can escalate their complaint to the Zonal Manager of the Bank. The list of Zonal Managers and the channels/means to contact them are available at the banks website.
The next level of escalation available to the customers is raising the grievance to the Principal Nodal Officer appointed by the bank in this regard. The customers can contact the Principal Nodal Officer in the following manner.
Punjab National Bank has a policy to raise all the complaints to its Internal Ombudsman i.e. the CCSO appointed by the bank to take care of all the grievance redressal process in the following cases,
Further, the bank has separate channels for the customers to use for reporting on issues pertaining to specific departments or services of the bank. The details for the same are provided here.
Toll Free Number – 1800 120 8800
Customer care number – 011-23357174
Email Id – loans[at]pnb[dot]com
Registered/Corporate Office - +91-11-23325759 / 5779, 23737891, 23738985
Email Id- pnbgilts[at]pnbgilts[dot]com
Mumbai Corporate Office - +91(22)26532745
Registered Office & Head Office - +91(11)41032929
Email Id - coo[at]pnbisl[dot]com
Punjab National Bank is one of the largest public sector banks in the country having a national as well as international presence. Customers can get assistance from the customer care service of the bank anytime during the day throughout the year (24x7x365).
1. Does the PNB Car loan scheme include car loans for commercial use?
The bank has specifically mentioned that the eligible persons can avail car loans provided it is for personal use only. Thus the bank does not allow car loans for commercial use under the PNB car loan scheme.
2. In what cases does the bank waive off the requirement for third party guarantee?
The bank requires third party guarantees in all the cases for approving the car loans except in the following cases,
3. What are the prepayment charges on loans that have floating rate of interest?
The car loans of the bank that have floating rate of interest are not subject to any prepayment charges levied by the bank.
4. What is the maximum loan that can be sanctioned for business class?
The bank has set no limit for the maximum loan that can be sanctioned in case of business class.
5. Can the vehicle purchased be hypothecated by the bank?
The bank has a lien on the vehicle so purchased out of the loan. The bank thus has a right to hypothecate the vehicle in the event of non-payment of the loan dues.
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