Punjab National Bank (PNB) has introduced a new retail loan campaign called PNB NIRMAAN 2025.
This special scheme offers attractive benefits on fresh loans and aims to make home, car, and education loans more affordable and convenient for customers.
The campaign is available across all PNB branches as well as digital platforms like the PNB One app and the official PNB website.
What is PNB NIRMAAN 2025?
PNB NIRMAAN 2025 is a limited-time loan scheme designed to make loans for housing, vehicles, and education more accessible.
Customers can enjoy several key benefits while availing loans under this campaign.
Benefits of PNB NIRMAAN 2025
Zero processing and documentation charges on home and car loans
No NEC, legal, or valuation fees when transferring an existing home loan to PNB
5 basis point discount on interest rates for home, car, and education loans
PNB’s New Interest Rates (MCLR & RLLR)
PNB has revised its Marginal Cost of Funds Based Lending Rates (MCLR) 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%
The bank has also reduced its Repo Linked Lending Rate (RLLR) from 8.90% to 8.65% effective April 10, 2025. This includes:
RBI repo rate: 6.00%
Bank markup: 2.65%
Additional BSP (Base Spread): 0.20%
As a result, the final interest rate for customers now stands at 8.85% on floating rate home, auto, and MSME loans.
What is RLLR?
RLLR stands for Repo-Linked Lending Rate. It is directly tied to the repo rate set by the Reserve Bank of India (RBI).
As per RBI’s 2019 guidelines, all banks are required to link their retail loans to an external benchmark rate, with the repo rate being the most commonly used.
How to Apply for a Loan Under PNB NIRMAAN 2025?
Interested customers can apply for loans under PNB NIRMAAN 2025 by visiting their nearest PNB branch or through digital platforms like the PNB One mobile app or the bank’s website.
The online application process is simple and fast, ensuring quick documentation and loan approval.
This scheme is especially helpful for people looking to get affordable loans for buying a home, car, or funding education.
