Excelsior Correspondent
JAMMU, Sept 17: Punjab National Bank is offering pre approved analytics based Retail Loans giving Philip to digitization with changing customers’ expectations for a faster, more secure and seamless borrowing experience in the direction of growth on Indian economy along with MSME and non-MSME segment.
Elaborating about the scheme, PNB Circle Head, Yatender Kumar said that the bank is offering special scheme for borrowers who are new to bank (NTB) wishing to avail business loan facility from PNB above Rs 20 lakh with interest rates starting as low as 6.80 percent for MSME borrowers and 7 percent for new MSME borrowers.
“There are relaxations also in processing and upfront fees by 50 percent and as a special feature the ROI applied will be applicable even after the expiry of this offer. We urge every business entity, including borrowers dealing with other banks to utilize this opportunity that can be availed up to December 31, 2021,” he added.
PNB has taken another imitative to drive growth of retail assets portfolio as a key strategic priority i.e. pre approved analytic based offers to identify the existing customers of the bank at HO level on the basis of available data base to offer them preapproved loans under various retail loan schemes and customers are informed through digital mode such as email, SMS and outbound call from call centres.
PNB is offering Home Loan at an attractive rate of interest which starts at 6.8 percent for all fresh and takeover Home Loans for Rs 50 lakh and above for customers having good credit history. All existing home loan borrowers in any other bank can avail the benefit by takeover of their home loan account to nearest branch of PNB in a hassle free manner.
Further, the bank is also offering Fresh Top Up Loan to their existing home loan borrowers with existing outstanding of Rs 25 lakh and above in shape of Team Loan and overdraft facility with ROI of 7.15 percent and 8.15 percent, respectively for borrowers with satisfactory credit record. This offer is also applicable to new home loan borrowers who wish to apply for home loan facility from PNB for more than Rs 25 lakhs. The scheme will be valid till March 31, 2022.
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