Big news for PNB account holders! Home loan gets cheaper as bank reduces rates from June 1
Zee News
PNB has reduced the 1-year MCLR by 0.05 percent to 7.30 percent. The new rates have come into effect from today, (June 1 2021), the bank said in a regulatory filing.
New Delhi: Those who have either taken a home loan or are planning to take one from Punjab National Bank (PNB) have a reason to rejoice. The public sector bank has reduced the MCLR interest rates, which is a key deciding factor on home loan interest rates. PNB has reduced the 1-year MCLR by 0.05 percent to 7.30 percent. The new rates have come into effect from today, (June 1 2021), the bank said in a regulatory filing. The six-month and three-month tenor MCLRs were cut by 0.10 per cent each to 7 per cent and 6.80 per cent, respectively. The overnight, one-month and three-year MCLRs have been kept unchanged.More Related News