PNB waives processing fee on housing, car loans till December

Punjab National Bank (PNB) has launched monsoon bonanza offer in which the bank is offering full waiver of upfront or processing fees and documentation charges on all housing and car loans.

Under the offer, customers will be given full 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 Monday.

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.