Working women have to face a lot of problems in commuting. If they go by auto or any vehicle, they have to pay a lot of rent then they go to their work. (Financing Two Wheelers To Women) To overcome this problem of women, Punjab National Bank has launched a very good scheme. The name of this scheme is PNB Power Ride Scheme. Under this, women will be given a vehicle loan to buy bikes, scooters and mopeds. Women with low salary can also easily buy vehicles for themselves under the scheme.
PNB Power Ride Scheme
Punjab National Bank PNB’s scheme will benefit only women. Under this scheme, if working women want to buy a two wheeler for themselves, then they can buy it through this scheme. In this plan, PNB will provide finance on the vehicle and a maximum of 36 months will be given to repay it. With the help of this scheme you can buy a bike, scooter or moped. If you want to buy an Activa or other vehicle for transportation, then you can buy it through this scheme.
PNB Power Ride Scheme Rules
There are some rules of this plan. If you meet these rules then you can easily buy a vehicle.
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– Women or girls whose monthly salary is Rs 8000 or more can be purchased under this scheme.
You must be 18 years or older. Maximum age should be 65 years.
– Your job should be completed for at least six months. If you are self employed then you should have at least one year of work experience.
– You must have a Valid Driving License.
– As a proof of income, you have to give three months salary slip or copy of last year’s Form 16 or ITR.
How much loan?
You can get maximum 60 thousand rupees under PNB Power Ride Scheme. However, this amount will be as per the requirement. There will be a 10 percent margin of the price of the Ex Showroom. If you want to take a bank loan less than 60 thousand then you can also take less. Keep in mind that the less loan you take, the less time you will be good for you. You can repay this loan in 3 years.
PNB Power Ride Scheme Finance Scheme Interest Rates, Processing Fees
This is a kind of finance scheme in which you are being given a loan to buy a vehicle, then File Charge etc. will be applied on it. Under the finance offer, banks will charge you interest rates, processing fees, documentation charges and other charges against the loan. Decide which vehicle you want to buy and what is its price. After this, go to your nearest PNB Branch and take details about it from the concerned officer.
