< Cheap loans, free processing fees, government banks are gifting customers this festive season.- CMB College

Cheap loans, free processing fees, government banks are gifting customers this festive season.

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In the festive season, government banks have launched several offers to attract their customers. In this series, Punjab National Bank (PNB) has introduced a new offer named ‘Diwali Dhamaka 2023’. Under this offer, PNB customers can avail home loans at an affordable interest rate of 8.4% per annum. Similarly, public sector banks like Bank of Baroda (BoB) and State Bank of India (SBI) have also offered other products including home loans. Let’s know about Diwali offers of some banks.

Punjab National Bank Offer Details-
Punjab National Bank customers can avail car loans at interest rates starting from 8.7%. Apart from this, customers will also get the benefit of complete waiver of processing charges and documentation charges. Interest rates start from 8.4% for those who are interested in taking a home loan from PNB. Bank will not charge any advance processing charges and documentation charges on such loans. Application for home loan can also be done on PNB website https://digihome.pnb.co.in/pnb/hl/.
Apart from this you can use PNB One app. For additional information you can call toll free number 1800 1800/1800 2021 or visit a PNB branch.

15th installment of PM Kisan will be coming on this day! 2000 rupees will be sent to your account, check the details

State Bank of India (SBI) offer-
Keeping in view the festive season, SBI is running a special offer campaign for its customers from September 1, 2023. The campaign closes on December 31, 2023. Under this special campaign, term loans are being offered to SBI customers based on their credit bureau score. The higher the credit score, the more concessional the interest rate will be. Customers with high credit scores will be offered interest rate concessions of up to 65 basis points (0.65%).

For example, if an SBI customer has a CIBIL score between 700 and 749, they can avail a term loan at an effective interest rate of 8.7%. Earlier this interest rate was 9.35%. If the CIBIL score of an SBI customer is between 750 to 799, the interest rate on the term loan will be 8.6%. If an SBI customer has a CIBIL score of 800 or above, the interest rate will be 8.6% instead of the normal rate of 9.15%. ,

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Bank of Baroda (BoB)-
Bank of Baroda’s special festival campaign ‘Feeling of Festival with BOB’ is underway. Home loan interest rates under this special campaign start from 8.4% and no processing fee is charged by the bank. The bank said customers can avail car loans at interest rates starting from 8.7% per annum.

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