PNB waives off processing fees, documentation charges

Chennai: India’s second-largest public sector bank, Punjab National Bank (PNB) has announced a ‘Festival Bonanza Offer’ for its customers, waiving off all upfront /processing fees and documentation charges on some of its major retail products like housing loans, car loans and myProperty loans.

Customers can avail of the offer – available till 31 December 2020 – through any of the PNB’s 10,897 branches around the country or via digital channels.

To enhance the availability and affordability of credit to customers, PNB has also slashed the processing fees on fresh as well as takeover loans. On home loans, customers are now exempted from paying the processing fees besides the documentation charges.

On car loans, customers can now save upto 0.25 per cent of the total loan amount while on myProperty loans, it could be up to Rs 1 lakh depending on the loan amount.


NT Bureau