BolMamaBol Info Net » PNB http://www.bolmamabol.com Complex News In Simplex Trends Thu, 26 Jan 2012 08:47:52 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Bank of Rajasthan (BOR), Axis Bank ,Punjab National Bank (PNB) Slashes the Home Loan http://www.bolmamabol.com/inclusive-growth/bank-of-rajasthan-bor-axis-bank-punjab-national-bank-pnb-slashes-the-home-loan/ http://www.bolmamabol.com/inclusive-growth/bank-of-rajasthan-bor-axis-bank-punjab-national-bank-pnb-slashes-the-home-loan/#comments Fri, 06 Nov 2009 08:27:47 +0000 pragya http://www.bolmamabol.com/?p=1661 Bank of Rajasthan on Thursday said it has reduced rates on home loans to 7.5% under its “Apna Ghar Scheme” effective 9 November. For housing loans up to Rs30 lakh, it will charge a floating interest of 7.5% for the first year, 8.5% for the second and third years, and 8.75% from the fourth year, for all maturity periods. For housing loans of at least Rs30 lakh, the floating interest will be 8% for the first year, 9% for the second and third years, and 9.75% for the fourth year onwards, for all maturity periods.

In a bid to grab market share, Axis Bank has dropped its home loan rates to 8% for the first year.

Punjab National Bank (PNB)  has also decided to slash interest rates on retail term deposits by 25 to 50 basis points in some selected buckets.

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