In the run up to the holiday season, Punjab National Bank (PNB) has launched a Festival Bonanza offering to improve credit availability and affordability for customers. As part of the Festive Offer, the Bank will waive all service fees/processing fees and documentation fees on its retail products such as Home Loans, Auto Loans, Home Loans, Personal Loans, pension loans and gold loans.
PNB now offers an attractive interest rate starting at 6.80% on home loans and 7.15% on car loans. The Bank also offers personal loans to the public starting at 8.95%, one of the lowest in the industry. The bank also announced that it was offering an additional home loan at an attractive interest rate.
Customers can take advantage of the exciting offer – available until December 31, 2021 – through any of the PNB branches across the country or through digital channels.
Despite the impact of the pandemic, PNB is committed to its customers by offering them personalized products, incentives and easy banking services. The Bank is confident that this festive season will see an encouraging recovery in overall consumer spending, thus energizing its credit portfolio.
The State Bank of India has also announced various festive offers for prospective home loan customers including credit score linked home loans starting at 6.70% irrespective of the loan amount.
Previously, a borrower with a home loan above ₹75 lakh, had to pay an interest rate of 7.15%.
The Bank of Baroda announced holiday season loan offers on Thursday, under which it waived mortgage and car loan rates
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