Interest rates play a crucial role in determining how much we pay for loans or earn on deposits. Recently, the Punjab National Bank (PNB) has revised its interest rates following SBI’s rate adjustments, making borrowing more affordable for homebuyers, car owners, and businesses. If you’re planning to take a home loan, car loan, personal loan, or education loan, now might be the right time to do so at lower interest rates.
To help you understand these changes, we’ve broken down the latest PNB interest rates and what they mean for different types of borrowers.
PNB Interest Rates
| Feature | Details |
|---|---|
| Bank | Punjab National Bank (PNB) |
| Effective Date | February 10, 2025 |
| Home Loan Interest Rate | Starting from 8.15% p.a. |
| Car Loan Interest Rate | Starting from 8.50% p.a. |
| Personal Loan Interest Rate | Starting from 11.25% p.a. |
| Education Loan Interest Rate | Starting from 7.85% p.a. |
| Processing Fees | Waived for certain loans until March 31, 2025 |
| Official Website | PNB Official Site |
With PNB’s revised interest rates, borrowers can now enjoy lower EMIs and reduced processing costs on home loans, car loans, personal loans, and education loans. The zero prepayment charges and digital processing make it even more convenient for customers. If you’re planning to buy a home, car, or need financial support, this is the best time to take advantage of PNB’s competitive interest rates.
PNB Home Loan Interest Rates: Lower EMIs for Homebuyers
1. PNB Digi Home Loan
- Interest Rate: Starting at 8.15% per annum
- EMI: ₹744 per lakh
- Benefits:
- No processing fees
- No prepayment charges
- Digital process for quick approval
2. PNB Home Loan (Regular Scheme)
- Interest Rate: 8.15% per annum
- Overdraft facility: Up to ₹25 lakh
- Waived fees: Processing and documentation fees till March 31, 2025
3. PNB Gen-Next Home Loan
- Who Can Apply? Salaried professionals aged up to 40 years
- Loan Amount: 1.25x eligibility
- Repayment Tenure: Up to 30 years
- Moratorium Period: Up to 60 months
4. PNB Max Saver – Home Loan
- Designed for high-income groups
- Overdraft-based scheme allowing customers to reduce interest liability
- Interest Rate: 8.30% per annum
- Processing fees waived till March 31, 2025
see also: HDFC FD Scheme Earn ₹35,000 Returns
PNB Car Loan Interest Rates: Get Your Dream Car for Less
1. PNB Digi Car Loan
- Interest Rate: 8.50% per annum
- Loan Amount: Up to ₹20 lakh
- EMI: ₹1,240 per lakh
- 100% digital process for faster approvals
2. PNB Car Loan (Regular)
- Interest Rate: 8.50% per annum
- Available for both new and used cars
- Flexible repayment options
3. PNB Green Car Loan (Electric Vehicles)
- Special Concession: 0.05% discount on regular rates
- Interest Rate: 8.50% per annum
- Encourages eco-friendly vehicle adoption
PNB Personal Loan Interest Rates: Instant Financial Support
1. Pre-Approved Personal Loan
- Interest Rate: 11.25% per annum
- Loan Amount: Up to ₹20 lakh
- Quick online processing
2. PNB Swaagat Personal Loan
- For first-time customers
- Loan Amount: Up to ₹10 lakh
- Interest Rate: 11.25% per annum
- Instant approval via OTP-based verification
PNB Education Loan Interest Rates: Affordable Student Financing
1. PNB Saraswati
9% तक FD ब्याज! 5 बड़े बैंकों ने किए बड़े बदलाव
- For loans up to ₹7.5 lakh
- Covered under CGFSEL (Credit Guarantee Fund Scheme for Education Loans)
- Interest Rate: 11% per annum
2. PNB Pratibha (For Premier Institutions)
- Special Concession for students in top institutions
- Interest Rate: Starting at 7.85% per annum
see also: SCSS vs Senior Citizen FD: Which Investment Option is Better in 2025?
PNB Interest Rates FAQs
1. What is the lowest interest rate offered by PNB for home loans?
PNB offers home loans starting from 8.15% per annum under various schemes.
2. Are there any processing fees for PNB loans?
For home and car loans, processing fees are waived until March 31, 2025.
3. Does PNB offer discounts on electric vehicle loans?
Yes, PNB offers a 0.05% concession on electric vehicle loans.
4. How can I apply for a PNB personal loan online?
You can apply for a Pre-Approved Personal Loan through the PNB website or PNB One mobile app.
5. What is the EMI for a ₹10 lakh car loan from PNB?
For a ₹10 lakh loan at 8.50% p.a., the approximate EMI is ₹12,400 per month.
