What is the interest rate on PNB credit cards?

Credit Cards
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What is the rate charged by PNB when a cardholder carries an outstanding balance beyond the due date? Is the interest rate fixed or variable? What is the interest rate on regular purchases made using a PNB credit card? How much interest is charged on cash withdrawals (cash advances)? What is the rate for EMI conversions (when a large purchase is converted into monthly installments)? Do different PNB credit card variants (basic, premium, or business cards) have different interest rates? How does the cardholder’s credit score impact the interest rate? Are there penalty interest rates for late payments or defaults? Does PNB offer an interest-free period, and how long is it? Can the interest charges be avoided if the full outstanding balance is paid before the due date? How do PNB’s credit card interest rates compare with other banks in India? Are there any promotional or lower introductory interest rates for new cardholders?

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  1. Ordinary Finance Fees:
    Monthly interest rate of 2.95% (annual percentage rate of 35.89%).
    Use: This rate is applicable to unpaid amounts if the entire amount is not paid by the
    deadline.
    Calculation Method: The average daily balance is used to calculate interest.
    Calculation Method: Interest is computed on the average daily balance. PNB Card

  2. Ze-Lo PNB Mastercard:
    Interest Rate: Monthly 2.5% lower finance charge.
    Extra Benefits: There are no late penalties, over-limit fines, or annual fees for life. PNB

  3. Promotional Prices:
    Balance Transfer: For the first six months, pay a charge of ₹199 or 1% of the balance to
    transfer balances from other credit cards at a low interest rate of 0.99%. Wishfin

  4. Installment Plans: Convert purchases above ₹2,500 into EMIs, with repayment options
    available within 10 days of purchase. Wishfin

  5. Full Payment: No interest is charged if the total outstanding amount is paid by the due
    date.

  6. Minimum Payment: Paying only the minimum amount due will result in interest charges
    on the remaining balance.

    Interest rates and fees are subject to change. It’s advisable to review the specific terms
    associated with each card and consult PNB’s official resources or customer service for
    the most current information.