The country’s second largest bank Punjab National Bank (PNB) has started the offer in the festive season. The bank has waived all charges on all types of retail products.
Service charge also waived
The bank said in a statement that it has waived processing fees on products such as home loan, vehicle loan, my property loan, personal loan, pension loan and gold loan. Similarly, service charge and documentation charge have also been abolished on all these products. The bank has said that with this personal loan will be available at 8.95%.
Lowest interest personal loan
The bank said that its personal loan interest rate is among the lowest interest rates in the industry. The bank has also made top up on home loan attractive. It will attract less interest. All these offers will be valid till December 2021. Till then customers can take advantage of it. The bank has said that the customers spend very well during the festive season. This is expected to boost the credit portfolio of the bank with these offers.
Named the Festival Bonanza Offer
Punjab National Bank has named it as Festival Bonanza Offer. Under this offer, customers will get cheap loans and other products. The bank has said that its home loan is starting from 6.80%. Car loan will attract an interest of 7.15%. For this, customers can either use the online services of the bank or can visit the branch of the bank to inquire.
Product prices are coming down
However, on the other hand, due to Corona, the prices of smart phones, televisions, cars and laptops have started coming down. Consumer goods companies believe that this Diwali, the products used by the customers will become very cheap. Companies have already started reducing prices. Companies have already started preparing for it in view of the increasing demand.
Companies focus on high demand products
According to the information, companies are providing more demanding products from now on. These companies are entering into agreements with banks. Best offers will be given in this. In the festive season, customers get products at a low cost. Waiver of processing fees and charges of other banks also benefits. The festive season starts from September. It will start with Ganeshotsav on 10th September.
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