PNB cuts Lending Rate, customers to get more affordable EMIs

New Delhi: Public Sector Lender Punjab National Bank has cut down the Repo Linked Lending Rate to 8.35%, paving a way for customers to provide easy opportunity to avail Home Loans and Vehicle Loans.

The RBI has cut down 50 basis points of repo rate to bring it at 5.5% and this will reduce home loan EMIs by over Rs 1,500 monthly, easing financial burdens for borrowers. This action will provide benefits to various loan-holders and boosts the real estate sector, enhancing housing affordability..

The Bank has informed the exchanges that consequent upon a decrease in Repo rate by RBI on 06.06.2025 Bank has revised Repo Linked Lending Rate (RLLR) from 8.85% (including BSP of 20bps) to 8.35% (including BSP of 20bps) with effect from 09.06.2025. Marginal Cost of Lending Rate (MCLR) and Base Rate remain unchanged.

This is supposed to be Great News for the Valued Customers which makes EMIs more affordable indicating that PNB home loans will now start from just 7.45%, while vehicle loans will be available from 7.80% per annum.

With the repo-linked lending rate (RLLR) gets slashed now EMIs on both existing and new loans will reduce, which will directly benefit salaried individuals, small businesses, and first-time homebuyers looking for low-interest loans in India.

Here is the Glance to Check New Rates;

PNB home loan interest rate starts at 7.45% p.a.

PNB car loan rate are available at 7.80% p.a.

Therefore, PNB personal loans and MSME loans will follow new lower benchmark rates.