As part of its festive season offering, Punjab National Bank abolished all service and processing fees on its retail schemes. According to the announcement of the bank, "it has launched a festival bonanza offer to enhance the availability and affordability of credit to customers."
For various mortgage schemes such as Housing Loan, Mortgage against Immovable Property (PNB my Property Loan), PNB has mentioned "Full waiver of upfront/processing fees and documentation charges (from 01.09.2021 to 31.12.2021), on its website.
For various non-mortgage schemes such as Car Loan, Insta Vehicle Loan (For Car), PNB Combo Loan Scheme, Personal Loan, Personal Loan to Pensioners, and Gold Loan the bank has mentioned "Full waiver of upfront/processing fees and documentation charges (from 01.09.2021 to 31.12.2021)," on its official website.
Currently, PNB offers various COVID-19 loan schemes such as PNB Sahyog COVID 19 - Personal Loan Scheme For Public, PNB Aabhaar RIN COVID 19 - Personal Loan Scheme For Pensioners, Personal loan scheme for self-employed other than salaried and Pensioners - PNB COVID 19 Suraksha, PNB Baghban- A Scheme For House Owning Senior Citizens Of India Under Reverse Mortgage Concept and Advance Against Gold And Jewellery.
The bank has also recently revised interest rates on savings accounts. The new rates are in force from 1st September 2021, to know more please click here.