Punjab National Bank a state-owned lender is organizing “PNB Festival Bonanza Offer 2010” for housing loans and car loans.
Under this bank will be offering housing loans up to Rs 50 lakhs at a teaser interest rate of 8.5% under fixed interest rate option (3years) across all repayment tenures. But there will be a provision that the applicable rate will be base rate if it crosses 8.5%.
Also, there will be full waiver of processing (upfront) fee and documentation charges the margin has also been reduced to 15% for housing loans up to Rs 20 lakhs.
For the new car loan borrower’s bank is offering a rebate of 0.50 per annum under fixed option. This festival offer is valid from August 20 to December 31, 2010.
PNB is the first bank to announce the festive offer on loans to cash in on festive passion.
Thursday, August 19, 2010
Tuesday, August 17, 2010
PNB launched two new Debit cards – World Travel Card and Platinum Debit Card
Punjab National Bank organized a function to celebrate its achievement of crossing a major milestone of enrolling more than 10 million Debit Card holders. During the occasion bank launched two new products to meet customer expectations - the PNB World Travel Card and the PNB Platinum Debit Card. These cards have been launched in association with MasterCard. The PNB World Travel Card is a Prepaid Wallet for persons who frequently travel abroad. The card can be used outside India. The Card will be available in 3 currencies - US Dollar, EURO & British Pound and can be used at ATMs for cash or at Point of Sale terminals. The card can be reloaded also. For its premium customers, bank has introduced the PNB Platinum Debit Card. The function was held in New Delhi and chaired by KR Kamath, CMD of the Bank. At the function TV Seshadri, Country Head MasterCard and GM South Asia, was the guest of honour. At function MV Tanksale and Nagesh Pydah, EDs of PNB were also present, also important customers and senior executives of the bank were present in the function.
The bank has emerged as a technology savvy Bank offering world class technology products and services to its customers. The bank has become the largest nationalized bank with all its branches inter connected to each other with CBS network. In all these years bank has become peoples’ bank with more than 58 million customers across the country.
PNB has built a significant partnership with MasterCard a worldwide premier global payment solutions provider. MasterCard is committed to speed up business through fueling economic connections that drive real value for its customers, associates, merchants and consumers. Bank has partnered with big brands such as MasterCard(r), Maestro(r) and Cirrus(r), MasterCard through which it is serving consumers and businesses in more than 210 countries and territories and processes over 22 billion transactions each year.
Being a customer centric bank PNB maintain its tradition of providing maximum value to its customers.
The bank has emerged as a technology savvy Bank offering world class technology products and services to its customers. The bank has become the largest nationalized bank with all its branches inter connected to each other with CBS network. In all these years bank has become peoples’ bank with more than 58 million customers across the country.
PNB has built a significant partnership with MasterCard a worldwide premier global payment solutions provider. MasterCard is committed to speed up business through fueling economic connections that drive real value for its customers, associates, merchants and consumers. Bank has partnered with big brands such as MasterCard(r), Maestro(r) and Cirrus(r), MasterCard through which it is serving consumers and businesses in more than 210 countries and territories and processes over 22 billion transactions each year.
Being a customer centric bank PNB maintain its tradition of providing maximum value to its customers.
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