PNB informed that it will offer one of the lowest interest rates on car loans, which is 6.65 per cent. Home loan rates under the bank will start from 6.50 per cent.
State-run lender Punjab National Bank (PNB) announced that it has cut its benchmark lending rate by 5 basis points to 6.50 per cent on November 4. With this move, all PNB loans like education, home, car or personal loans will be there. It has become comparatively cheaper in the midst of the ongoing festive season. According to the bank, from November 8, the Repo Linked Lending Rate (RLLR) will be reduced from 6.55 percent to 6.50 percent. Earlier on September 17, the bank had reduced its RLLR from 6.80 per cent to 6.55 per cent.
PNB informed that it will offer one of the lowest interest rates on car loans, which is 6.65 per cent. Home loan rates under the bank will start from 6.50 per cent. According to PNB, the amendment will make its banking services more attractive than ever. The lending major has also reduced the interest rate on e-vehicles and CNG vehicles to 6.65 per cent. Personal loans will now be available at 8.90 per cent, as its rates have also been reduced by 5 basis points (bps).
Keeping in mind the convenience of its customers, PNB has announced a new toll-free number. Customers can use the number to apply for various types of loans with the best deals available. In a tweet, PNB wrote, “Give a missed call to 1800-180-5555 and let our customer care providers reach you with some of the best deals.” It also mentions that customers can apply through various other banking channels.
Give a missed call to 1800-180-5555 and let our customer care providers reach you with some of the best deals. You can also apply through various other banking channels👆- Punjab National Bank (@pnbindia) November 1, 2021
As of June 30, 2021, Punjab National Bank has 36,851 delivery channels. The public sector bank runs a chain of 10,641 domestic branches, 13,690 ATMs, two international branches and 125,18 business correspondents. It is the second largest public sector bank in the country, and has a total (worldwide) turnover of Rs. 18,23,685 crores.
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