Diwali 2022: These banks are giving loans at cheap interest rates, there is no better offer on the festival than this!
Newz Fast, New Delhi: People buy houses or cars during Diwali. Because the festive season is considered very auspicious, but during this time the price of everything is high, so more money has to be spent to buy it.
Sometimes they also take loan when they need money. In such a situation, many banks are giving loans on Diwali at cheap interest. Bank of Baroda, HDFC Bank, ICICI Bank, State Bank of India (SBI) and many other banks have announced various types of loans for a limited period. Let's know about them...
SBI is offering home loans starting at 8.4 per cent per annum and top-up loans starting at 8.8 per cent. The processing fee on these loans has been waived off this festive season.
Bank Of Baroda
The second largest public sector bank, Bank of Baroda is offering home loans starting from 8.45 per cent per annum. It is providing car loan at 8.45 percent interest rate. There are no foreclosure charges on the car loan.
HDFC Bank, one of the leading private banks, is offering car loans at the rate of 7.9 percent per annum. There is no foreclosure fee after completion of 50% tenure (minimum 24 months).
There is a 50% rebate in processing fee on Gold Loan. There is a flat fee of Rs 999 for loan against credit card.
ICICI Bank is currently offering pre-approved home loan and balance transfer facility to its customers. The processing fee is Rs 999. The processing fee on a car loan is Rs 1,999 and it provides loan amount up to 100% of the on-road price on a new car loan. There are no foreclosure and prepayment charges on the car loan.
PNB is running the PNB Festival Bonanza Offer 2022 this festive season. Under this scheme, processing fees and documentation charges on home loans as well as car loans have been completely waived off.
Central Bank Of India
Central Bank of India is offering home loans starting from 7.50 per cent per annum.
Union Bank of India
Union Bank of India has announced to waive processing fee on home and car loans this festive season.
Bank Of Maharashtra
Bank of Maharashtra is offering home loan at 8.30 percent interest rate and car loan at 8.70 percent. The bank has waived the processing charge.
IndusInd Bank is offering car loans for up to seven years. The bank is offering up to 100% finance for buying a car this festive season.
Banks generally prefer financing up to 80-85 per cent while taking a car loan. On the other hand, it is offering a longer tenure of up to 30 years for home loans.