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Home > Business > PTI > Report
PNB cuts housing rates to 8.50 per cent
February 06, 2003 17:01 IST
The Punjab National Bank has slashed the floating home loan rates to 8.5 per cent from February 10. The rate would be applicable for a tenure of five years. While the new floating rate would be 9 per cent for 5-10 year loans, the next tenure of 20-25 years would attract an interest rate of 10 per cent. The bank has decided to keep the fixed rate unchanged at 9.25 per cent for loans up to five years, 10.25 per cent for 5-10 years, 10.50 per cent for 10-20 years and 11 per cent for 20-25 years.
HDFC drops home loan rates by 0.5-0.75%
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Number of User Comments: 2
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Sub: Housing Loan
I am an existing customer of HDFC. I took a housing loan of Rs.2.00 Lakhs at the rate of 13.5% interest during the year 2000 ...
Posted by P.K. SASIDHARAN
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Sub: PNB home loan rates
This is a great step taken by PNB.Kindly make the following correction in this news item : Rate of interest OF 9.5% for LOANS REPAYABLE ...
Posted by prashant mishra
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