Almost all banks are competiting to slash interest rates. Bank’s lending rate are at record lows which makes the loan borrowers to grab this lowest of the decade interest rates.
One of the Government sector Bank, Punjab National Bank(PNB) is in the race of decreasing lending rates.
As per the recent announcement released by PNB, “It is going to slash Benchmark Lending Rate and Repo-Linked Lending Rate to 0.05% . With This effect lending rates have become cheaper and are available at 6.50%”
So Loan Borrowers make use of the lowest of the decade lending rates. Be Noted that this interest rates would be implemented from November 8th, so plan your borrowings accordingly!