Grab Loans on Discounted Rates

Considering taking out a loan? Check opportunities for savings on festive loans. Holiday seasons always have special promotions on interest rates or other such charges thus being a favorable period for borrowing. Such festive offers will translate into some reasonable savings that cut the total cost of borrowing. During this period lenders can introduce special terms, flexible repayment options or even cash-back incentives.

Therefore by taking advantage of these seasonal campaigns, you're meeting your financial obligations at the same time saving. Understand the terms and conditions for these festive loans before making any financial choices that are sensible.

Home Loan:

• State Bank of India has a special campaign where they are giving a concession of up to 0.65% (65 basis points) on home loans, till December 31, 2023.
• HDFC Bank has 50% off on Processing fees on home loan applications received between 16th Oct' 23- 15th Nov ‘23 for disbursements up to 31st Dec'23.
• Canara Bank is not charging processing & documentation fees on Home Loans

Education Loan

• Bank of Baroda has introduced a special rate beginning at 8.55% p.a. for education loans, a reduction of up to 0.6% (60 basis points), and without collateral.

Car Loan

• Car loans in HDFC Bank have 0 foreclosure charges till 30th November 2023.
• Canara Bank is not charging processing & documentation fees on Car Loans.
• Car Loans from Bank of Baroda begin at 8.70% p.a. and have no processing fee.

Personal Loan

• There is a discount of up to 0.8% (80 basis points) on Personal Loans from Bank of Baroda.

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Note: Kindly ensure thorough research and consult with your banker for additional information regarding the scheme.
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