No processing fees on car, house loans till Dec: PNB

Punjab National Bank (PNB) has launched monsoon bonanza offer in which the bank is offering <g data-gr-id="15">full</g> waiver of upfront or processing fees and documentation charges on all housing and car loans. Under the offer, customers will be given <g data-gr-id="14">full</g> waiver of up-front, processing fee and documentation charges of all housing and car loans sanctioned between June 1 and December 31, PNB said in a statement on Thursday.

The bank is already offering full waiver in processing charges on education loans for studies in India. Recently, PNB reduced its base rate from 10.25 per cent to 10 per cent. It is offering housing loan at base rate irrespective of any amount.  

Founded in 1894, PNB has over 6,300 branches and over 7,900 ATMs across 764 cities. It serves over 80 million customers. It one of the big four banks of India, along with State Bank of India (SBI), ICICI Bank and Bank of Baroda.