Start learning 50% faster. Sign in now
Punjab National Bank (PNB) has launched the PNB Digital Gold Loan scheme. The digital lending solution launched aims to provide a hassle-free credit to customers to quickly meet their personal as well as agriculture credit requirements by using gold jewellery and/or ornaments as collaterals. The two schemes have been named PNB Gold Loan for the retail segment and PNB Swarnim for the agriculture segment.The PNB Digital Gold Loan scheme allows individuals to borrow amounts ranging from Rs 25,000 to Rs 25 lakh for personal needs. Additionally, the loan is available for supporting agriculture or allied activities. Borrowers seeking short-term production and/or investment credit for agriculture activities, such as crop production, land-based activity other than crop cultivation, irrigation, and allied agriculture activities are eligible for loans of minimum Rs 10,000 to maximum Rs 2 lakh. One key feature of PNB Digital Gold Loan is its streamlined digital process, covering everything from loan application, loan acceptance to loan account opening, security creation, documentation and disbursement, thus eliminating paperwork hassles.
A person invested some amount at the rate of 12% simple interest and a certain amount at the rate of 10% simple interest. He received yearly interest of...
Rohit made an investment that yielded a simple interest rate of r% per annum, allowing the principal to grow to 180% of its original amount in 5 years. ...
Simple interest received at the rate of 9% p.a. for 5 years on a principal amount of Rs. 4000 is twice of the simple interest received at 10% p.a. for 6...
The interest received by investing Rs. 2900 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple int...
X invested Rs. 3600 at an annual simple interest rate of (a + 10)% and Rs. 2400 at an annual simple interest rate of a%. After 3 years, the total intere...
Rishi invested a sum of money for 2 years in a simple interest scheme at an annual rate of 30%, and received Rs. 7200 at the end of this period. Calcula...
Rs. 5,500 is invested in scheme ‘A’ offering simple interest of 15% p.a. and Rs. 8,000 in scheme ‘B’ offering simple interest of 5% p.a. What is...
An equal sum of money is invested in two schemes which offer interest at the same rate but one at simple interest and the other at compound interest (co...
The simple interest earned on investing Rs. (80X + 2000) at simple interest of 15% p.a. for 36 months is Rs. 576 less than the total amount received on ...
'M' placed a specific amount of money into the 'SBI' Mutual Fund, which provides a 15% per annum simple interest rate. Simultaneously, 'M' invested the ...