Gold loan reduced by 1.45%, there is also a discount on home and car loans

PNB Gold loan Festive Offer: Punjab National Bank (PNB) has introduced a festive offer for gold loan customers. PNB has cut interest rates on loans against gold jewelery and sovereign gold bonds (SGB) by 145 basis points or 1.45 per cent. In this festive offer of PNB, now the customer will get a loan on Sovereign Gold Bonds at 7.20 percent interest, while the interest rates on loan against gold jewelery have come down to 7.30 percent.

Gold loan: Exemption from processing fee

According to a statement issued by the bank, during the festive season, the bank has completely waived the service charge / processing fee for customers availing loans against gold jewelery and sovereign gold bonds. That is, customers can apply for a gold loan from PNB without any processing fees or service charges. Let us tell you, if you need money in an emergency, then there is a better and easier option of gold loan.

Festive offer on PNB Home Loan too

In view of the festive season, Punjab National Bank (PNB) is also offering great offers in the festive season. According to the bank, now the starting interest rate of home loan is 6.60 percent per annum. At the same time, there is no limit on the loan amount at this rate. This interest rate will be linked to the credit score of the customer. That is, if the credit score is good, then at 6.60 percent you can take a loan without any limit. This will be applicable for both new home loan and balance transfer. The bank is not charging processing fee on the festive offer. Customers can take loans up to 80 per cent of the property value. If you take a home loan of Rs 30 lakh from PNB for 20 years, then the EMI will be Rs 22,544.

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Festive offer on PNB Car Loan too

Apart from gold loans and home loans, Punjab National Bank (PNB) is also offering festive offers on car loans and personal loans. The starting interest rates of PNB’s car loan are 7.15 percent and personal loan interest rates are 8.95 percent. The bank claims that this is one of the lowest interest rates in the industry. The bank has completely waived processing fees on home loans and car loans as well.