Punjab & Sind Bank reduces Base Rate(BR) & offers Loans with reduced EMIs

Punjab & Sind Bank reduces  Base Rate(BR) & offers Loans with reduced EMIs   

Punjab & Sind Bank has reduced its Base Rate to 9.99 % p.a. from 10.25% (existing)w.e.f 1.8.2013.As such interest rate in all the accounts linked with Base rate will change accordingly. Informing this  Sh.D.P.Singh,Chairman & Managing Director of the Bank  said that the change in the base rate shall immensely benefit the borrowing  clientele of  Punjab & Sind Bank.Sh.Singh further informed that  pursuant to decrease in Base rate of the bank, the EMI on housing loans has come down to Rs.877 per lac for a loan of 30 years and for Auto loans the EMI has dropped to Rs.1686 per lac for a loan of 7 years.