• Notification Date: 21-02-2025
• Notification No: N/A

PNB Lowers Rates of Interest for Home, Vehicle, and Personal Loans; Offers Excellent Schemes

Punjab National Bank (PNB) has revised its lending rates from February 10, 2025, following the RBI cut in the repo rate. The new rates are for home loans, car loans, personal loans, and education loans.

The interest rates on the home loans by PNB are also from a minimum of 8.15% per year and with zero processing fee and documentation charges up to March 31, 2025. Home loans may be availed online for a maximum of Rs. 5 crore for flexible tenure up to 30 years with an EMI starting from Rs. 744 lakh. Some additional benefits are the facility of overdraft and moratorium.

For automobile loans, PNB levies 8.50% interest and an EMI of Rs. 1,240 per lakh. Its Digi Car Loan is available to digital customers alone, and the Green Car Loan provides a 0.05% reduced rate for e-vehicles, encouraging green mobility.

PNB's personal loan programs like PNB Swaagat provide loans of up to Rs. 20 lakh with an interest rate starting at 11.25%. The loans are made available through a simple online application. PNB provides an Online Overdraft (e-OD) against deposits at an interest rate 1% over the deposit. Such rate cuts and customer-provided discounts strengthen PNB's resolve to provide easy and competitive financial solutions.