Categories: Market

PNB Housing Finance cuts Retail lending rates by 15bps

New Delhi, May 09, 2020: PNB Housing Finance Limited, 4th largest Housing Finance Company in India, has reduced its retail lending rates including individual home loan and loan against property by 15 basis points with effect from 9th May 2020. This benefit is provided to all its existing retail customers who have availed the loan before February 2020 on floating rates and will provide support and relief to them in the wake of Covid-19 lockdown.

 Mr. Neeraj Vyas, Managing Director and CEO, PNB Housing commented, “We welcome RBI’s policy rate cuts by 75 bps. We are confident that the rate cut along with the three months of moratorium will ease the debt burden of the retail customers and stimulate healthy growth sentiment while confronting the unprecedented pandemic. We have decided to take this initiative to help our customers to overcome this pandemic and drive growth in the housing sector. With this over 2.35 lakh customers of our Company will be positively impacted irrespective of their base loan amount.”

Corporate Comm India (CCI Newswire)

The Property Times News Bureau

Recent Posts

Know About Prateek Group’s Upcoming Premium Residences in Siddharth Vihar, Ghaziabad

Ghaziabad, December 21, 2024: As Delhi-NCR's luxury housing segment grows, the region sees the presence…

1 day ago

Finding Balance in Design: The Prana Homes Launches Mindful Living Collections

New Delhi, December 21, 2024: Redefining the art of holistic living, The Prana Homes by Pooja…

1 day ago

Real Estate 2025: Key Platforms Revolutionising the Real Estate Landscape in India

New Delhi, December 20, 2024: The Indian real estate market is undergoing a remarkable transformation,…

3 days ago

Film Producer Madhu Mantena’s Company Acquires Multiple Apartments Totalling Rs. 25.75 Crore in Mumbai: Square Yards

New Delhi, December 20, 2024: Madhu Mantena, the acclaimed film producer behind hits like Ghajini…

3 days ago

Dextrus Announces their 4th Premium Workspace at Mint, Sahar Plaza, Andheri East

Mumbai, December 19, 2024: Dextrus, a leading premium managed workspace provider, is excited to announce their…

3 days ago

Innov8 launches its largest flex space centers in Mumbai in 2 lac sq ft

New Delhi, December 19, 2024: Innov8, India's leading startup, continues its rapid expansion with the…

3 days ago