To increase business in the festival season, Punjab National Bank (PNB) today said housing loan of up to Rs 2 crore will attract 10.25 per cent interest rate and also announced full waiver of processing fee and documentation charges on housing, car and two-wheeler loans.
Under the festival season bonanza offer for retail loans, housing loans of over Rs two crore will attract interest of 10.50 per cent.
The festival bonanza, launched today, would contribute to the growth of GDP and with the onset of festival season, PNB said in a statement.
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"Full waiver of processing fee and documentation charges on housing, car and two-wheeler loan schemes is also announced for the festival period," the statement said.
The bank said it has announced the festive season bonanza to contribute in the growth of GDP, it added.