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Monday, October 8, 2012

Festival bonanza...PNB waives of processing fee on retail loans

To cash in on the festive fervour, the state-owned Punjab National Bank (PNB) today announced waiver of processing fee for housing, car and personal loans.

The offer is valid from October 9 to November 30, PNB said in a statement.

To meet the sentiments and aspirations of public, it said, the bank has announced a series of relaxations and concessions.

It further said rate of interest on housing loans up to Rs 75 lakh was slashed to 10.50 per cent last month.

The base rate or minimum lending rate of the bank stands at 10.50 per cent.

Similarly, the car finance would be made available up to 100 per cent of ex-showroom price at very competitive rates of 11.5-12 per cent, it said.

Loans for purchase of consumer durables also available at a very attractive rate of interest of 15 per cent with no processing charges, it added.


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