PNB launches special Diwali offers on retail loans

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Hyderabad: Punjab National Bank (PNB) launched a range of deals and offers on its retail loans this festive season with effect from November 8th, 2021, as part of continued efforts to enhance customer service.

PNB to provide lowest interest rates on Car Loans at 6.65% and further reduced Home Loan rates starts from 6.50%, making its banking service more attractive than ever before. PNB has slashed the interest rate on e-vehicles and CNG vehicles to 6.65%, while it starts from 6.75% for other cars and to promote the Government’s efforts towards the adoption of electric/green vehicles.

During the ongoing festival season to meet the customers’ demand the interest rate on Personal Loans is reduced by 5 basis points (bps) to 8.90%. Additionally, the limit on personal loans has been revised upwardly to Rs. 20.00 lakhs with a repayment period of 72 months.

PNB encourages customers to adopt digital banking channels by giving additional discounts of up to 5bps on Home Loan and 10 bps on Car Loan. The customers’ on boarding through various digital channels like Internet Banking, PNB One Mobile App, etc., can avail of this benefit, thereby enhancing their online banking experience.

PNB also offers a full waiver of service charges/processing fees on home, vehicle, personal, gold, and property loans for this Diwali. With the reduction in the interest rate and zero processing fees, funds are available at a very competitive rate on a range of retail loan products for PNB customers.

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