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Wednesday, August 18, 2010

**[investwise]** Banks Get Set To Rock Dussehra, Diwali & Christmas, PNB Fires The Salvo

 

Punjab National Bank has informed BSE that the Bank has launched "PNB Festival Bonanza Offer 2010" which is valid from August 20, 2010 to December 31, 2010.

Under the said offer, Housing Loans upto Rs. 50 lacs will be available at discounted Rate of Interest of 8.50% under fixed interest rate option (fixed for three years) across all repayment tenors, with a proviso that applicable rate will be base rate in case it crosses 8.5%. Besides full waiver of Processing (upfront) Fee & Documentation charges. Margin also stands reduced to 15% for housing loans upto Rs. 20 lacs.

A rebate of 0.50% p.a. in rate of interest is also offered to prospective Car Loan borrowers under Fixed Option.

Safe Harbor Statement:

Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.
 
Nothing in this article is, or should be construed as, investment advice.
 
 
 

 
 

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