Home loan interest rate from 7.50%, zero processing fees on these loans till September 30, 2025: Check PNB monsoon bonanza for borrowers

Punjab National Bank (PNB), the second-largest public sector lender in the country, has launched the "PNB Monsoon Bonanza 2025" retail loan campaign across home loans, car loans, and other retail loan segments. Through this campaign, effective from July 1, 2025, PNB is offering several attractive concessions to make borrowing more affordable for its customers.

Customers should note that this is a limited-period offer, and it is valid up to September 30, 2025.

What are the offers on car loans and home loans?

Under the PNB Monsoon Bonanza 2025, the bank offers a full waiver of processing fees and documentation charges for home loans exceeding Rs 50 lakhs; additionally, the bank will cover NEC, legal, and valuation charges.

The bank is also providing a special concession of a 5 basis-points reduction in card rates for both home loans and car loans.

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PNB home loan interest rates

PNB offers home loan interest rates starting from 7.50% per annum.

Margin & Loan Amount+	CIBIL TU or equivalent	Rate of Interest with Interest table codes
		Floating	Fixed
			Tenure upto 10 years	Tenure above 10 years
For loan above Rs. 30 lacs LTV ratio <=80%	800 & above	RLLR+BSP-0.85% (presently 7.50% p.a.)	8.50%	9.00%
Irrespective of Loan Amount LTC ratio <=80% &	PNB Pride*	RLLR+BSP-0.80% (presently 7.55% p.a.)	Loan Amount upto 30 lacs. LTV ratio more than 80% but upto 85%+A1:E19	9.05%
	750 and above	RLLR+BSP-0.80%	8.55%	9.05%
		(presently 7.55% p.a.)
	700-749	RLLR+BSP-0.35%	9.00%	9.50%
		(presently 8.00% p.a.)
	600-699	RLLR+BSP+ 0.75%	10.10%	10.60%
		(presently 9.10% p.a.)
Loan Amount upto 30 lacs. LTV ratio more than 80% but upto 85%	PNB Pride*	RLLR+BSP-0.70%	8.65%	9.15%
		(presently 7.65% p.a.)
	750 and above	RLLR+BSP-0.70%	8.65%	9.15%
		(presently 7.65% p.a.)
	700-749	RLLR+BSP-0.25% (presently 8.10% p.a.)	9.10%	9.60%
	600-699	RLLR+BSP+ 0.85% (presently 9.20% p.a.)	10.20%	10.70%

PNB Car loan interest rates

Scheme/ Borrower Type	CIBIL TU or equivalent	Rate of Interest with Interest table Codes
		Floating		Fixed
		Car Loan (other than e-vehicle)	Car Loan	Car Loan (other than e-vehicle)	Car Loan
			(e-vehicle)		(e-vehicle)
Women	Irrespective of CICs Score	RLLR+ BSP-0.45%	RLLR+ BSP-0.50%
PNB PRIDE*		i.e. 7.90% p.a.	i.e. 7.85% p.a.	8.90%	8.85%
Corporate#		(Presently)	(Presently)
Insta Vehicle Loan Scheme for existing home loan borrower
(New Car Only)
Others Individual	750 & above	RLLR+ BSP-0.45%	RLLR+ BSP-0.50%	8.90%	8.85%
		i.e. 7.90% p.a.	i.e. 7.85% p.a.
		(Presently)	(Presently)
	700 and up to 749	RLLR+ BSP i.e.8.35 % p.a.	RLLR+BSP-0.05% i.e. 8.30%	9.35%	9.30%
		(Presently)
	680 to less than 700	RLLR+ BSP+ 0.35%	RLLR+ BSP+ 0.30%	9.70%	9.65%
		i.e. 8.70% p.a.	i.e. 8.65% p.a.

Punjab National Bank lending rates

PNB, the second largest public sector bank in the country, has reduced its marginal cost of lending rates by 5 basis points across all tenures. The new rates are as follows:
The PNB overnight MCLR has been reduced from 8.25% to 8.20%, and the one-month MCLR has been cut from 8.40% to 8.35%. The three-month MCLR has decreased from 8.60% to 8.55%, and the six-month MCLR has been lowered from 8.80% to 8.75%.
The one-year MCLR, which is commonly used for home loans, has been brought down from 8.95% to 8.90%. The three-year MCLR has been revised from 9.25% to 9.20%.