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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 Minimum: 18 years
Maximum: Subject to adjustment of loan before the age of:
• Employee without pension – 60 years
• Employee with pension – 70 years
Quantum of Finance New Vehicle (Four Wheeler):
• Minimum: Rs. 50,000.00
• Maximum: Need based finance

New Vehicle (Two Wheeler):
• Maximum: Need based

Old Vehicle:
• Maximum: Rs. 7.5 Lac
Margin (i) For New Vehicle: Applicable margin on on-road price inclusive of one time Road Tax, Registration & Insurance shall be NIL.
(ii) For Old Four Wheeler: 25%
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
Guarantee NIL
Others CREDIT PROTECT INSURANCE ALSO AVAILABLE

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