Service charge

PNB waives all service fees, processing fees on retail products

The National Bank of Punjab said on Tuesday it had waived all service charges and processing fees on retail products under its festival season offering.

The Punjab National Bank (PNB) has launched a bonanza festival offer to improve credit availability and affordability for customers, it said in a statement.

PNB now offers an attractive interest rate starting at 6.80% on home loans and 7.15% on car loans, he said.

In the festive offer, the bank will waive all service fees/processing fees and documentation fees on its retail products such as home loans, car loans, myProperty loans, personal loans, pension loans and gold lending, PNB said.

Additionally, PNB offers personal loans starting at 8.95%, which is one of the lowest in the industry, he added.

He also announced that he would offer an additional home loan at an attractive interest rate. PNB said customers can take advantage of these offers until December 31, 2021.

The Delhi-based lender said it was confident to see an encouraging recovery in overall consumer spending, which will help strengthen its credit portfolio.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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