In a major boost for car buyers this festive season, Punjab National Bank (PNB) has rolled out a car loan offer starting at just 7.85% per annum, making it one of the most competitive rates among public sector banks. The limited-time festive offer, valid from October to December 2025, comes with several borrower-friendly features, including zero processing fees, no prepayment or foreclosure charges on floating-rate loans, and flexible repayment tenures of up to seven years. Advertisement

According to CA Nitin Kaushik, this offer comes at the perfect time for potential car owners. “Private banks are still hovering near 9–9.5%. Public sector banks like PNB are clearly playing the long game—attracting retail borrowers early and building loyalty through affordability,” he said.

PNB’s festiv

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