Archive · 9 Jun 2025
PNB Offers Reduced EV Loan Rates for Green Mobility
Imagine a big bank called PNB that wants to help the environment.
They are giving out loans to people who want to buy electric cars, which are better for the planet.
On World Environment Day, they announced these loans have lower interest rates, making them cheaper.
PNB also helped lots of people buy electric vehicles last year.
This bank also offers loans for solar panels on your roof.
The bank is doing this because they believe in a cleaner future and want to help people use green energy.
PNB offers electric vehicle loans with interest rates starting at 8.30%.
The bank provides a 0.05% reduction in interest rates on electric vehicles compared to non-electric vehicles.
PNB increased its electric vehicle loan sanctions substantially during FY 2023-24.
Loans can be conveniently accessed via the 'PNB One' app.
The bank also offers solar rooftop financing.
- Who
- Punjab National Bank (PNB)
- What
- PNB is offering electric vehicle loans with reduced interest rates and has increased its electric vehicle loan sanctions.
- When
- On World Environment Day and during the last financial year (FY 2023-24)
- Where
- India
- Why
- To support the transition towards cleaner transportation solutions and promote environmental sustainability.
- Electric Vehicle Loan Interest Rate
- 8.30% (starting)
- Electric Vehicle Loans Sanctioned (FY 2023-24)
- 5,178
- Interest Rate Reduction on EVs vs. Non-EVs
- 0.05%
- Solar Rooftop Financing
- Up to 10 kW
- Solar Rooftop Interest Rate
- 6.50% (starting)
- Solar Rooftop Repayment Tenure
- Up to 120 months