PNB Two-Wheeler Loan (PNB Saarthi) 2026
Punjab National Bank’s PNB Saarthi scheme finances new two-wheelers with a repo-linked floating rate, a capped processing fee and no prepayment charge. Interest rate 10.00% onwards, loan Up to ₹10 lakh, tenure Up to 5 years (60 EMIs).
Rates as of Sep 2026 · Checked 30 September 2026PNB Two-Wheeler Loan (PNB Saarthi) at a glance
- Low processing fee capped at ₹1,000
- No prepayment charge
- Choice of floating or fixed rate
- Branch process slower than dealer finance
- Rate for your profile may be above the “onwards” figure
PNB two-wheeler loan interest rate & charges
| Feature | PNB |
|---|---|
| Interest rate | 10.00% onwards |
| Rate details | Floating rate 10.00% onwards, linked to PNB’s repo-linked lending rate (RLLR); fixed rate 11.00% onwards. Final rate depends on credit score. |
| Processing fee | 0.50% of loan (min ₹500, max ₹1,000) + GST |
| Loan amount | Up to ₹10 lakh |
| Tenure | Up to 5 years (60 EMIs) |
| Prepayment / foreclosure | Nil |
| Funding | 90% of on-road price for salaried with salary via PNB/check-off; 75% for business concerns |
| Minimum income | ₹10,000 net monthly after all deductions |
| Rate options | Floating (RLLR) 10.00% onwards; fixed 11.00% onwards |
Special schemes & features
Loan for new two-wheelers including scooters, motorcycles and EVs
Two-wheeler loan scheme for women
Source: pnb.bank.in, Sep 2026. Rates are indicative; your rate depends on your profile. Always check the Key Facts Statement (KFS) for the APR before signing.
EMI at PNB’s rates
| Loan amount | EMI @ 10.00% |
|---|---|
| ₹75,000 | ₹2,420 |
| ₹1,00,000 | ₹3,227 |
| ₹2,00,000 | ₹6,453 |
Tenure 3 years, reducing-balance method. Total interest on ₹1,00,000 at 10.00%: ₹16,162.
PNB two-wheeler loan EMI calculator
Eligibility
- Salaried, self-employed, professionals and business concerns
- Net monthly income of at least ₹10,000 after all deductions
- Margin 10% for salaried with salary through PNB/check-off; 25% for business concerns
Documents required
- Photo ID and address proof (Aadhaar, passport, voter ID, driving licence)
- PAN card
- Salaried: last 3 months’ salary slips and Form 16
- Self-employed: last 2 years’ ITR and business proof
- Bank statements for the last 6 months
- Pro-forma invoice / quotation from the dealer
- Passport-size photographs
- Signed NACH/ECS mandate for EMIs
How to apply for PNB Two-Wheeler Loan (PNB Saarthi)
- Choose model and get a quotationAsk the dealer for an itemised on-road price — ex-showroom, registration, insurance and any accessories.
- Compare offersGet a quote from your own bank and from the dealer’s financier. Compare APR, not the headline or flat rate.
- ApplyAt the branch, online, in the bank app or through the dealer, with KYC and income documents.
- Read the KFS and signCheck APR, fees, prepayment terms and EMI date; sign the agreement and NACH mandate.
- Disbursal and deliveryMoney is paid to the dealer; the lender’s hypothecation is recorded on the RC and you take delivery.
PNB vs other lenders
| Lender | Rate | Processing fee | Tenure | EMI on ₹1,00,000 |
|---|---|---|---|---|
| Indian Bank Two-Wheeler Loan | 8.90% – 10.40% | About 1% of loan + GST (aggregator) | Up to 4 years (48 months) | ₹3,175 |
| Bandhan Bank Two-Wheeler Loan | 9.47% – 22.08% | Up to 5% of loan + GST (aggregator — check with bank) | Up to 4 years (48 months) | ₹3,202 |
| PNB Two-Wheeler Loan (PNB Saarthi) | 10.00% onwards | 0.50% of loan (min ₹500, max ₹1,000) + GST | Up to 5 years (60 EMIs) | ₹3,227 |
| Axis Bank Two-Wheeler Loan | 11.00% – 28.00% | Up to 2.5% of loan + GST | 12 – 48 months; super bikes up to 60 months | ₹3,274 |
| SBI Two-Wheeler Loan | 11.70% – 15.70% | 3% of loan + GST (50% waiver for salary-package customers) | Up to 5 years (60 months) | ₹3,307 |
| Federal Bank Two-Wheeler Loan | 12.60% – 16.00% | Not published — ask for the KFS | Up to 4 years (48 months) | ₹3,350 |
| Bank of Baroda Two-Wheeler Loan | 13.60% – 13.65% | 2% of loan (min ₹250) + GST | Up to 5 years (60 months) | ₹3,398 |
| HDFC Bank Two-Wheeler Loan | 14.50% onwards | Up to 2.5% of loan + GST; documentation charges extra (aggregators cite up to 2.25%) | 12 – 48 months | ₹3,442 |
Frequently asked questions
What is the PNB Two-Wheeler Loan (PNB Saarthi) two-wheeler loan interest rate?
PNB two-wheeler loan rates start at 10.00% p.a. (as of Sep 2026). The rate you get depends on your credit score, income and loan details.
What is the EMI for ₹1,00,000 from PNB?
At 10.00% for 3 years the EMI is about ₹3,227, with total interest of ₹16,162.
What is the processing fee?
PNB: 0.50% of loan (min ₹500, max ₹1,000) + GST. GST at 18% applies on fees.
What is the maximum tenure?
PNB: Up to 5 years (60 EMIs).
Can I prepay or foreclose the loan?
PNB: Nil.
What is PNB Power Ride?
A PNB two-wheeler loan scheme for women borrowers. Check the branch for its current rate and margin.
Information compiled from the lender’s published rates and reputable aggregators for comparison only. FinancePortal is not affiliated with PNB Two-Wheeler Loan (PNB Saarthi). Terms change — confirm with the lender.