With the onset of festivals, if you are planning to buy a new dream home or bring home a new car for the family, then the leading public sector bank Punjab National Bank (PNB) has offered a big gift for the customers. The bank has officially launched its special retail loan campaign 'PNB Utsav Festivities 2026'. Under this three-month special campaign running from October 1, 2026 to December 31, 2026, the bank has completely eliminated the initial cost of borrowing for retail customers. Along with complete waiver of heavy processing fees and documentation charges for taking loans, special concessions are also being given in the interest rates, which will lighten the burden on customers' pockets during festive shopping.
The biggest attraction of this festive offer of PNB is the home loan segment. Normally when a customer takes a home loan, he has to pay a certain percentage of the loan amount (usually ranging from ₹2,500 to ₹15,000 or more) as upfront or processing fee. Under 'PNB Utsav Festivities 2026', the bank has waived 100% upfront fees, processing fees and legal and documentation charges on new home loan applications. Additionally, the bank is also offering a special concession of 5 basis points (0.05%) on home loan interest rates. PNB's floating home loan interest rates during this campaign are starting from 7.20% per annum, depending on the credit score (CIBIL score) and loan-to-value (LTV) ratio of the applicant.
The bank has also prepared a special package for customers wishing to buy a new car during the festive season. Upfront fees and processing charges have been completely reduced to zero under PNB Car Loan. Interest rates on new car purchases start from 7.60% per annum. The bank has also given an additional concession of 5 basis points on green car loans compared to conventional petrol-diesel cars to promote environment-friendly electric vehicles (EV). Special concessional slabs have been implemented for women buyers and Defense, Paramilitary Forces and Government employees (PNB Pride Category). The direct benefit of this discount is that customers will not have to pay additional upfront cost for loan processing at the time of picking up the vehicle from the showroom.
Punjab National Bank has made a great offer to attract not only new buyers but also existing home loan customers of other banks. If a customer transfers (takes over) his home loan from any other bank or financial institution to PNB, then the bank is completely waiving all the takeover charges. Additionally, PNB will bear the cost of NEC (Non-Encumbrance Certificate), legal and valuation charges up to ₹15,000 (excluding GST) in eligible takeover cases of ₹25 lakh and above. At the same time, existing home loan customers of PNB are being given a special discount of 10 basis points (0.10%) in the interest rate on taking mortgage loan and top-up loan.
The process to avail PNB Utsav Festivities 2026 has been made extremely simple and accessible. Customers can directly apply under these offers by visiting any nearest branch of PNB spread across the country. Apart from this, online application can also be made through the bank's official digital platform 'PNB One' mobile app or the official website (pnb.bank.in). Pre-approved customers are also getting the facility of instant in-principal sanction on applying through digital medium. Through this offer valid till December 31, 2026, customers can directly save ₹15,000 to ₹30,000 on their loan filing costs.