Druk PNB Bank Limited(DPNBL) incorporated in Bhutan is a Joint Venture Bank with 51% share holding by Punjab National Bank, a leading public sector Bank in India.

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Vehicle Loan

Vehicle Loan

Available for purchase of New car / Van / Jeep /Multi utility vehicle / Sports Utility Vehicle.

Eligibility

For Private use: Individuals as well as Business Concerns (Corporate or non-corporate).

 

Amount of Loan.

Vehicle Type

Amount of Finance

New Vehicles Second hand Vehicles
Cars, taxis etc. 30% 30%
Electric Vehicles 70 % 30%

 

Rate of Interest. 

For Salaried Based Government Employees, where check of facility available 9.75 %
Private and other Non-commercial 10.25 %

 

Repayment Period.

Maximum period 5 years and for Electric Vehicles is 7 years

Security.

The vehicle purchased with the amount of loan is to be hypothecated to the Bank. It will be registered in the name of the borrower jointly with the Bank. 

Disbursement.

The intending borrower will be required to settle the transaction for purchase of vehicle needed by him/her with the seller and will be required to deposit the difference of the cost of the vehicle to amount of loan, and thereafter, the advance will be allowed to him/her from the bank by paying the entire price of the vehicle to the seller directly, on behalf of the borrower

For more details and other formalities contact nearest branch head.

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