PNB LAUNCHES ‘FESTIVAL SEASON BONANZA OFFER- 2014-15’ ON RETAIL LOANS
With improvement in economic activity and revival of sentiments, the Reserve Bank of India expected GDP growth in the current fiscal to go up to 5.5%. To contribute in the growth of GDP and with the onset of Festival season, Punjab National Bank announces Festival season Bonanza offer for Retail Loans by way of offering Housing loan @ Base Rate, i.e., 10.25% upto loan amount of Rs.2 crore and Two- Wheeler loan @ BR+2%, i.e., 12.25% and Car Loan @10.65% on fixed basis and 10.50% to better rated borrowers on floating basis as per details below. Full waiver of processing fee and documentation charges on Housing, Car and 2-wheeler loan schemes is also announced for the festival period.
The details of ‘PNB FESTIVAL SEASON BONANZA OFFER 2014-15’ are as under:
Two-Wheeler Loan
Loan Amount Upto Rs.2 crore Above Rs.2 crore Fixed Basis Floating Basis Floating Basis
Rate of Interest Base Rate, i.e., 10.25% BR+0.25%, i.e., 10.50%. 10.65% 10.50% to individuals/ corporate where PNB Score is 60 & above OR where collateral security is available upto 100% or above in the form of Mortgage of Immovable Property (IP) &/or liquid security 12.25%
