PNB NIRMAAN 2025: Big Savings on Home, Car, and Education Loans — Enjoy Lower Interest Rates and Zero Processing Fees!

Punjab National Bank (PNB) has unveiled a golden opportunity for customers planning major life purchases like a new home, car, or funding education dreams. Under its special retail loan initiative, ‘PNB NIRMAAN 2025’, the bank is offering significant concessions on Home Loans, Car Loans, and Education Loans, making borrowing more affordable and hassle-free.

This limited-time campaign is designed to help customers fulfill their aspirations by making loans easier to access and lighter on the pocket. Whether you are planning to buy your dream house, upgrade your ride, or invest in your child's education, PNB’s latest offer promises substantial savings.

Special Benefits Under PNB NIRMAAN 2025

Available across all PNB branches nationwide and through digital platforms like the PNB One app and the bank’s official website, this campaign brings a host of exciting benefits:

• Zero Processing and Documentation Fees: New applicants for Home Loans and Car Loans will not have to pay any processing charges or documentation fees.

• Home Loan Balance Transfer Benefits: Planning to transfer your Home Loan from another bank to PNB? Under NIRMAAN 2025, you can do so without paying NEC (No Encumbrance Certificate) fees, Legal Fees, or Valuation Charges.

• Interest Rate Discounts: PNB is offering a 5 basis points (0.05%) concession on interest rates across Home Loans, Car Loans, and Education Loans during the campaign.

Latest Interest Rate Updates from PNB

PNB has also revised its key lending rates recently, further sweetening the deal for borrowers:

New MCLR Rates (Effective April 1, 2025):

• Overnight: 8.40%

• 1 Month: 8.50%

• 3 Months: 8.70%

• 6 Months: 8.90%

• 1 Year: 9.05%

• 3 Years: 9.35%

Updated RLLR (Effective April 10, 2025):

• The Repo-Linked Lending Rate (RLLR) has been reduced from 8.90% to 8.65%.

• This RLLR consists of the RBI Repo Rate (6.00%) plus a 2.65% markup.

• The effective floating interest rate for customers will be 8.85% after adding the Base Spread (BSP) of 0.20%.

This reduction directly benefits borrowers by lowering the cost of Home Loans, Auto Loans, and MSME Loans under floating rate terms.

Understanding RLLR

The Repo-Linked Lending Rate (RLLR) is an interest rate benchmark tied directly to the RBI's Repo Rate. Linking retail loan rates to an external benchmark like the Repo Rate ensures greater transparency and quicker adjustments in interest rates, offering immediate benefits to borrowers whenever the Repo Rate changes.

How to Apply for Loans Under PNB NIRMAAN 2025

Applying for a loan under this campaign is both easy and convenient. Here's how you can take advantage:

• Offline: Visit your nearest PNB branch and apply with the necessary documents.

• Online: Apply from the comfort of your home via the PNB One mobile app or through the official PNB website.

PNB has simplified the digital application process, ensuring quick document verification and faster loan approvals — all while skipping the hefty processing and documentation fees.

Why You Shouldn’t Miss PNB NIRMAAN 2025

• Save Big on processing and documentation costs.

• Lower Your EMIs with reduced interest rates.

• Transfer Your Existing Home Loan to PNB with no additional legal or valuation fees.

• Enjoy Seamless Digital Application from anywhere in India.

Whether you're planning a major purchase or restructuring your existing loans for better terms, PNB NIRMAAN 2025 could be the perfect window to act.

Hurry — this is a limited-period offer and could be your best chance this year to lock in amazing savings on your next loan!