Punjab National Bank (PNB), in a bid to disburse retail lending and cash on the festive fever has waived off the processing fee for housing, car and personal loans. The offer is valid from October 9, 2012 to November 30, 2012. The bank has also provided a series of relaxations and concessions in order to meet the sentiments and aspirations of public.
Last month, the bank trimmed the interest payable on housing loans up to Rs 75 lakh and slashed it to 10.50%. The base rate or minimum lending rate of the bank stands at 10.50%. Besides, the bank would finance the car at very competitive rates of 11.5-12% and the finance would be made available up to 100% of ex-showroom price.
Further, the bank would provide the loans for purchase of consumer durables at a very attractive rate of interest of 15% with no processing charges.
