Leading public sector lender Punjab National Bank (PNB) has announced a revision in its interest rates across various loan products, effective February 10, 2025.
The revised rates apply to a wide range of products, including home loans, car loans, education and personal loans, ensuring that customers continue to receive diverse financing options.
The bank in a release said that it has made homeownership more accessible by revising its home loan interest rates and waiving key charges.
PNB home loan products:
PNB Digi Home Loan: With an attractive ROI starting from 8.15% per annum, customers can avail home loans up to Rs 5 crore digitally from anywhere. EMI starts from Rs 744 per lakh, making home financing more affordable. This scheme offers nil prepayment charges with zero processing fees and documentation charges.
PNB Home Loan: This traditional home loan scheme offers ROI starting from 8.15% per annum with an EMI of Rs 744 per lakh. Customers can benefit from a complete waiver of upfront processing fees and documentation charges till 31 March 2025. Additionally, borrowers can avail an overdraft up to Rs 25 lakh or a term loan of up to Rs 1 crore for personal needs. This scheme also offers a 50% waiver on legal and valuation charges for home loan takeovers till 31 March 2025.
PNB Gen-Next Home Loan Scheme: Specifically designed for salaried professionals such as IT professionals, public sector employees, and government employees having age up to 40 years. This scheme with starting ROI at 8.15% per annum allows borrowers to avail loans up to 1.25 times of their eligibility. With repayment tenure of up to 30 years, this scheme provides financial flexibility to the borrowers. A moratorium period of up to 60 months is also available. Full waivers on processing fees and documentation charges are available till 31 March 2025.
PNB Max Saver – Home Loan Scheme: Targeted at high-income groups, this scheme is offered in the form of an overdraft, allowing borrowers to park their excess funds in overdraft loan account to reduce interest liability. Interest rates start at 8.30% per annum, with full waivers on processing fees and documentation charges till 31 March 2025.
Also read: Punjab National Bank announces appointment of Ashok Chandra as MD & CEO as Binod Kumar moves to Indian Bank
PNB car loans – » Read More
