Punjab National Bank reduces gold loan rates

Chennai: Punjab National Bank (PNB) has come up with a range of deals and offers, making its banking services and transactions ‘more attractive’.

As part of the new scheme, the bank has slashed the interest rate on loans against gold jewellery and sovereign gold bond by 145 basis points to bring more joy to its customers.

PNB now offers loans against SGB at 7.20 per cent and loans against gold jewellery at 7.30 per cent.

Additionally, PNB has slashed the home loan rate which now starts from 6.60 per cent, while customers can avail car loans starting from 7.15 per cent and personal loans from 8.95 per cent, which it said is one of the lowest in the industry.


NT Bureau