Electronic sell

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%.

Loan major National Bank of Punjab (GNP) will reduce mortgage rates as of November 8, 2021.

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

In addition, the PNB will reduce the interest rate on the financing of electric vehicles and CNG vehicles at 6.65 percent. “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 personal loan limit 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. ”

In addition, 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 reduction in the 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. “

Also read:

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