Festival offer by PNB- Home Loan reduced to 10.25%

Each and every sector is going to be benefitted by this move of reduction in PNB interest rates.

But, the onus lies on to the PNB home loan interest rates that has given a substantial benefit to PNB home loan customers. It is like a great jump ahead of SBI as with the low interest rates on home loans, PNB housing finance has offered couple of more benefits to its customers which will in turn help in the reduction of its home loan total cost. And that’s indeed a great relief as the processing fees, documentation charges and other extra charges are a big headache and a big burden on the individual’s pocket who is attempting to take a home loan.

Let’s discuss the festival offer announced by PNB Housing Finance.

Salient Features of Festival offer on home loans announced by PNB housing finance:

v    There is a substantial decrease in PNB home loan interest rates.

v    The limit fixed for a single rate of interest is substantially high and i.e. Rs 2 crores.

v    All the extra charges like processing fees and documentation charges are waived off from the PNB home loan charges and fees.

v   This offer takes into account all the loan accounts whether home loans, car loans, retail loans or two wheeler loans.

Ne  PNB home loan interest rates as per the festival bonanza:

Ø      For Loan amount up to Rs 2 crores, the new PNB rate of interest is 10.25% which is applicable on PNB Home loans, car loans, and two wheeler loans.

Ø      For Loan amount of greater than 2 crores, the new PNB rate of interest is 10.50% which is applicable on PNB home loans and retail loans.

Ø    For Loan amount of greater than 2 crores, the new PNB rate of interest for two wheeler loans on a floating rate basis is 12.25%.

Ø   For Loan amount of greater than 2 crores, the new PNB rate of interest for car loans on a fixed rate basis is 10.65%

Ø   For Loan amount of greater than 2 crores, the new PNB rate of interest for car loans on a floating rate basis for a better rated customer is 10.50%.

Therefore, this festival season, enjoy in your new home with PNB housing finance. This decision has brought a big smile on to faces of PNB customers.

Why this decision has been taken?

PNB housing finance has reduced the interest rates on home loan so as to contribute to the nations over all GDP.

So, be a part of it. Contribute to the nation’s GDP by applying your home loan through PNB home loans. This is a step that is beneficial for you and your nation.