PNB Loan: PNB gave big relief on Diwali, made the loan cheaper, now only this interest will have to be paid

PNB Loan interest rate: The country’s government bank has given great relief to the customers in the festive season. Public sector Punjab National Bank has cut interest rates on Wednesday. The bank has cut interest rates by 0.05 percent. The new rates will be applicable from November 8 i.e. on the 8th, customers taking loans will have to pay less interest than before.

get cheap loan
Let us tell you that the bank has offered Festival Bonanza offer in Special Diwali Offers on retail loans. In this offer you will get cheap home loan, car loan and personal loan.

What is the new rate?
After reducing the interest rate, the new rate has become 6.50 percent, which was 6.55 percent earlier. The bank had last reduced its repo based interest from 6.80 per cent to 6.55 per cent on September 17.

Check Home Loan and Auto Loan
Talking about the interest rates of home loan, for this you will have to pay interest at the rate of 6.8 percent. On the other hand, if you talk about auto loans, then you will have to give a loan at the rate of 7.15 percent. The bank will provide personal loans to the general public at an interest rate of 8.95 percent which is the lowest in the banking industry.

Benefit will be available till 31st December
The bank has also announced topup with attractive interest rates on home loans. Customers can avail these special offers through any of PNB’s branches across the country or through digital channels till December 31, 2021.

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