Submitted by admin on June 8th, 2024
According to an agreement jointly signed by Punjab National Bank (PNB) and India Infrastructure Finance Company Ltd (IIFCL) on Monday, long-term financial assistance will be provided to feasible infrastructure projects.
Besides this, both the institutions will enter a collaboration to do funding for the infrastructure projects, allowing concerned parties to participate under multiple lending arrangements/consortium to provide financial support to the potential borrowers on condition of a case-to-case basis and proper diligence, as per a statement.
According to a report, a signing ceremony for the MOU (Memorandum of Understanding) was hosted in the presence of Atul Kumar Goel, MD & CEO of PNB, and Padmanabhan Raja Jaishankar, MD of IIFCL.
This MOU would be considered a milestone in introducing new lending avenues for the funding of the infrastructure projects across India and they promised full participations from both sides in this effort.
Int Rates : 10.5% - 22%
Loan Amount: ₹ 1,00,000.00
Maximum Tenure - 7 Years
Lowest EMI : ₹ 1,686
Interest Rate 13.99% - 24.99%
Loan Amount: ₹ 1,00,000.00
Maximum Tenure – 5 Years
Lowest EMI : ₹ 2,326
Interest Rate 9% - 13%
Loan Amount: ₹ 1,00,000.00
Maximum Tenure – 20 Years
Lowest EMI : ₹ 1,014
Interest Rate 8.40% - 12%
Loan Amount : ₹ 1,00,000.00
Maximum Tenure – 35 Years
Lowest EMI – ₹ 739
Economic conditions during war times tend to introduce monetary instability, increase in prices, and incomes that are unpredictable. In these cases, it is not impossible to deal with personal loan EMIs, because it is difficult to do. You will be....
Read More
Financial crises may crop up unannounced in the times of war or economic crisis. Healthcare demands, loss of employment or emergency repairs might compel people to borrow money immediately. Personal loans in case of emergency can be used to obta....
Read More
Borrowing decision is more critical than ever due to economic instability, especially when there is war or global crises. The selection of an appropriate personal loan lender can have a great effect on your financial wellbeing, comfortability of....
Read More
Pioneering ease of access to Basic Banking & Financial Services in Rural India
