Punjab National Bank has announced PNB Advantage, Retail Lending Schemes namely Housing, Car & Mortgage Loan linked with Repo Rate from 27/08/2019. In the new schemes rate of interest will be 25% less than the existing applicable rates based on MCLR. The new rates will vary from 8.25% to 8.35% for Housing Loan borrowers and 8.65% for Car Loan borrowers. Existing customers of the Bank will also have an option to switch over to new Repo Linked Lending Rates (RLLR) with minimal charges.
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