PNB Car Loan EMI Calculator
Preset to PNB's current car loan emi rate of 8.9%. Change any value to see your own numbers.
- Current rate 8.90%
- Range 8.90–9.75%
- Rank #2 of 7 banks
- Verified 20 May 2026
PNB Car Loan EMI Calculator
- Principal₹8,00,000
- Total interest₹2,77,779
- Total payment₹10,77,779
Where your money goes
- Principal ₹8,00,000
- Interest ₹2,77,779
PNB car loan interest rates 2026
| Tenure / slab | Rate |
|---|---|
| CIBIL ≥ 800 | 8.90% |
| CIBIL 750–799 | 9.10% |
| CIBIL 700–749 | 9.30% |
| Below 700 / used car | 9.75% |
This Car Loan calculator is preset to Punjab National Bank's current 8.9% rate (as of 20 May 2026), so the EMI you see the moment the page loads reflects a real PNB loan — change the amount or tenure to match yours.
PNB's car loan rates run from 8.90% to 9.75% depending on your profile and loan size. Below is PNB's full rate table, the fees and rules that actually apply, and how PNB compares with the 7 banks we track — the one thing no bank's own page will show you.
PNB car loan — key facts
- Car loan rates are linked to PNB's RLLR, updated with RBI repo-rate movements.
- Financing of up to 85% of the on-road price is available for new cars.
- No prepayment or foreclosure charges apply on floating-rate car loans to individuals.
- Repayment tenure extends up to 7 years (84 months) for new vehicles.
How PNB compares
PNB's car loan rate is below the category median — competitive, but BoB is cheaper at 8.85%.
PNB car loan FAQs
What is PNB's car loan interest rate in 2026?
Punjab National Bank offers car loan rates from 8.9% to 9.75% (indicative headline 8.9%). The exact rate depends on your credit score, income and loan amount.
What are the fees on a PNB car loan?
The processing fee is 0.25% of the loan amount (min ₹1,000, max ₹1,500) + GST. Car loan rates are linked to PNB's RLLR, updated with RBI repo-rate movements.
Can I prepay or foreclose my PNB car loan early?
No prepayment or foreclosure charges apply on floating-rate car loans to individuals.
How is the EMI on a PNB car loan calculated?
The EMI uses the reducing-balance method — interest is charged only on the outstanding balance, so the interest share of each instalment falls over time. At 8.9% the calculator above shows your monthly EMI; change the amount and tenure to match your loan.