PNB offers interest rate, processing fee cuts as festival bonanza

New Delhi, Sep 25 (UNI) Punjab National Bank today announced that it would offer concessions in rate of interest, processing fee and waivement of documentation charges to its customers.

As a part of its festival season bonanza, PNB will provide 0.50 per cent interest rebate under Bank's doctors and gramin Chikitsak, loan agianst gold/jewellery, pensions, mortagage, future lease rental, personal, super trade and traders loan (upto aggregate limit of Rs 20 lakh) schemes.

Processing fee upto 50 per cent and documentation charges of 100 per cent under bank's retail loan schemes and traders (for loans upto Rs 20 lac), Super trade, doctors and gramin chikitsak, loan against gold, pensioners, mortgage, future lease rental and personal loan have also been waived during this bonanza.

Apart from this, vacant lockers are available, one locker is being offered with a rebate of 50 per cent of the locker rent for the first one year only.

The concessions offered under retail lending schmes is in continuation of several measures initiated by the bank in the recent past to make its retail lending schmes customer friendly.

The rebates under the bonanza are available for a limited period, to the bank's customerts who availed loan from September 23, 2006 under its specific retail loan scheme.

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