Now only a few days are left for Dhanteras and Diwali. The maximum number of vehicles and houses are sold during this period in the year.
In such a situation, if you are going to buy a car or a house, then you can save a lot on the loan amount. Many banks of the country have come up with festive offers.
If you are buying a car or house on Dhanteras or Diwali, you can save big on the loan amount. Many big banks of the country are offering festive discounts. These include PNB, SBI and Bank of Baroda. Punjab National Bank (PNB) has launched a new offer called ‘Diwali Dhamaka 2023’ aimed at capitalizing on Diwali 2023.
The bank said that under this offer, PNB customers can avail home loan at a low interest rate of 8.4% per annum. Many other banks including Bank of Baroda (BoB) and State Bank of India (SBI) have also launched their 2023 festive offers on various products including home loans.
PNB special offers
Punjab National Bank (PNB) said that PNB customers can avail car loans at interest rates starting from 8.75%. Along with this, processing and documentation fees will be zero. For those who take home loan from PNB, the interest rate starts from 8.4%. The bank will also not charge any processing fee or documentation fee.
What is SBI offering?
State Bank of India (SBI) is also offering special offers in view of Diwali 2023. According to the bank, customers will be given discounts on term loan interest rates based on their credit bureau score. For example, if an SBI customer’s CIBIL score is between 700 to 749, then he can get a term loan at an effective interest rate of 8.7%. Apart from this, additional interest rate rebate of (0.2%) will be given to home loan borrowers having credit score of 700 and above.
BOB what a late discount
Bank of Baroda’s special festive campaign ‘Feeling of Festival with BOB’ will run till December 31, 2023. Under this special campaign, home loan interest rates start from 8.4% and no processing fee will be charged by the bank. Additionally, BoB customers can avail car loans at interest rates starting from 8.7% per annum, the bank said. For both car and education loans, BOB customers will not have to pay any processing fee, the bank said.
