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Let $P_m$ and $E_m$ be the $m$-th Padovan and Perrin numbers respectively. Let $r,s$ be non-zero integers with $r\ge 1$ and $s\in \{-1,1\}$, let ${\left\{U_n\right\}}_{n\ge 0}$ be the generalized Lucas sequence given by $U_{n+2}=r{U}_{n+1}+s{U}_n$, with $U_0=0$ and $U_1=1.$ In this paper, we give effective bounds for the solutions of the following Diophantine equations $$P_m=U_n{U}_k\text{and}{E}_m=U_n{U}_k,$$ where $m$, $n$ and $k$ are non-negative integers. Then, we explicitly solve the above Diophantine equations for the Fibonacci, Pell and balancing sequences.