PNB Cuts Loan Rates: Check New Rates for Home, Car, Personal Loans

Home Loans

Punjab National Bank (PNB) has reduced interest rates on home loans. The new rates start at 8.15% per annum, making it more affordable for customers to own their dream homes. The monthly EMI for every Rs 1 lakh loan is now Rs 744 cheaper.

Car Loans

PNB has also lowered rates on car loans for new and used cars. The interest rates start at 8.50% per annum, with EMIs as low as Rs 1,240 per lakh. This reduction makes it easier for customers to finance their vehicle purchases.

Education Loans

Students can benefit from reduced rates on education loans as well. The minimum interest rate is now 7.85% per annum, providing financial support for pursuing higher education.

Personal Loans

Personal loans from PNB now have an interest rate starting at 11.25% per annum. This reduction helps individuals meet their financial needs with lower borrowing costs.

Special Offers

Additionally, PNB has waived processing fees and documentation charges on all these loans until March 31, 2025. This offers further savings to customers applying for loans during this period.