PNB Loan Offer: If you are planning to buy a house, then a great offer has been given by Punjab National Bank. Punjab National Bank has reduced the processing fee and documentation charge to zero on taking a home loan of Rs 50 lakh. That means no money will be spent for all these works.
PNB Loan Offer: If you are thinking of taking a loan then this is a good time. You can make big savings by taking a home loan from Punjab National Bank i.e. PNB. PNB, the country’s second largest bank in the public sector, has launched a special PNB Monsoon Bonanza 2025 campaign. Through this, you can take home loan, car loan and other retail loans. It has been implemented from 1 July 2205. PNB is giving great concessions to make it affordable.
In this scheme, 100 percent discount is being given on processing and documentation charges. If you want to take advantage of this scheme, then very little time is left. You can take advantage of it soon. Its last date is 30 September 2025. After this you cannot take advantage of the offer.
Know the offers on car loan and home loan
According to the news published in Economic Times, under PNB Monsoon Bonanza 2025, the bank is giving a complete 100 percent discount on processing fees and documentation charges for home loans above Rs 50 lakh. That is, you will not have to pay money. Apart from this, NEC / Legal / Valuation charges will be borne by the bank. Not only this, the bank is also giving a discount of 5 basis points (0.05 percent) in the interest rate on home and car loans.
How much reduction in MCLR rates?
Punjab National Bank has reduced its MCLR rates by 5 bps in July. PNB’s overnight MCLR has come down from 8.25% to 8.20%. One-month MCLR has come down from 8.40% to 8.35%. Three-month MCLR has come down from 8.60% to 8.55%. Six-month MCLR has come down from 8.80% to 8.75%.
The one-year MCLR, which is commonly used for home loans, has come down from 8.95% to 8.90%. The three-year MCLR has come down from 9.25% to 9.20%. This means that home loan borrowers will now have to pay less interest. Let us tell you that MCLR is the lowest interest rate at which a bank can give a loan. That is, banks cannot give loans at a rate lower than this.
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