2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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8.56
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9.58
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12.56
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35.85
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Detailed explanation-1: -State-owned PNB raised its marginal cost of funds-based lending rate by 15 basis points or 0.15 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers.
Detailed explanation-2: -Punjab National Bank offers personal loans of up to Rs. 20 lakh with interest rates ranging between 8.90% p.a. to 14.45% p.a. The repayment tenure for different personal loan schemes offered by PNB is flexible and ranges up to 84 months. 8.90% p.a. to 14.45% p.a.
Detailed explanation-3: -Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing.
Detailed explanation-4: -PNB HFL Housing Loan: Interest Rate 2022 7.50%, EMI Calculator.
Detailed explanation-5: -A Flat 7% of interest is charged on the Punjab National Bank Kisan credit card loan on an amount up to Rs. 3 Lakhs.