The PNB cuts interest rates on mortgage loans, car loans for the holiday season; check details here


The Punjab National Bank (PNB) has launched a range of deals and offers on its personal loans this holiday season.

With effect from November 8, 2021, the Bank announced that it will offer one of the lowest interest rates on auto loans at 6.65% and further reduce mortgage rates, which now start at 6. 50%, making its banking service more attractive than ever. he said in a press release.

To promote the government’s efforts to adopt electric / green vehicles, the PNB has reduced the interest rate on electric vehicles and CNG vehicles to 6.65%, while it starts at 6, 75% for other cars.

The interest rate on personal loans is reduced by 5 basis points (bps) to 8.90%. In addition, the limit for personal loans has been revised upwards to Rs. 20.00 lakh with a repayment period of 72 months.

To encourage customers to embrace digital banking channels, PNB is giving additional discounts of up to 5 basis points on home loans and 10 basis points on auto loans. Customers who integrate through various digital channels such as internet banking, PNB One mobile app, etc. can enjoy this benefit, he said.

This Diwali, PNB is also offering full waiver of service fees / processing fees on real estate, home, personal, gold and real estate loans. competitive rate on a range of retail loan products for PNB clients.

(To receive our E-paper on WhatsApp daily, please Click here. We allow sharing of the PDF of the article on WhatsApp and other social media platforms.)

Posted on: Wednesday November 03, 2021, 6:30 PM IST