Public sector lender, Punjab National Bank has come up with a new scheme to attract home loan borrowers all over the country.

The scheme called Basant Bonanza will be offering the customer 50% relaxation in upfront fees as well as documentation charges for loans upto Rs 3 crore.

The scheme is valid till March 31, 2011 across all the 5000 branches of the country.

The bank has presence in 764 cities of the country and is one of the most widely spread lenders of the country.