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Monday, October 19, 2015

PNB slashes car loan rates for women borrowers

Punjab National Bank (PNB) has cut the car loan rates for women borrowers from 9.85 per cent to 9.75 per cent.

The bank also announced that housing loan is available to women borrowers at 9.60 per cent for any amount for the longest repayment period of 30 years.

PNB had recently cut its base rate to 9.60 per cent with effect from October 1.

Base rate is the minimum rate below which a bank cannot lend.

Source : Thehindubusinessline


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