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PNB to reduce mortgage lending, EV financing rates, Auto News, ET Auto

In addition, PNB will reduce the interest rate on the financing of electric vehicles and CNG vehicles to 6.65%.

Punjab’s main credit bank (PNB) will cut mortgage rates on November 8, 2021.

As a result, home loan rates will start from 6.50 percent.

In addition, PNB will reduce the interest rate on the financing of electric vehicles and CNG vehicles to 6.65%. “To meet customer demand during the current festival season, the interest rate on personal loans is reduced by 5 basis points (bps) to 8.90 percent,” the lender said in a statement. .

“In addition, the limit for personal loans has been revised upwards to Rs 20 lakh with a repayment period of 72 months.” In addition, PNB will provide an additional rebate of up to 5 basis points on home loans and 10 basis points on auto loans to customers who apply through PNB’s various digital channels.

“Customers who integrate through various digital channels such as internet banking, PNB One mobile app, etc. can benefit from this advantage, thus improving their online banking experience. ”

Additionally, on the occasion of Diwali, PNB will offer full waiver of service charges or processing fees on home, home, personal, gold and vehicle loans.

“With the reduced interest rate and the absence of processing fees, funds are available at a very competitive rate on a range of retail loan products for PNB clients. “

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All eligible SBI customers can benefit from digital two-wheeler loans through the Yono app without visiting a branch, the bank said in a statement.


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