- What are the Festive Offers on several Banking Products from Top banks such as SBI, HDFC and ICICI?
- Enjoy Lower Processing Fees, Lower Interest Rates, cashback & Discount Offers this Festive Season
The country is recovering slowly from the financial turmoil caused by COVID-19. It’s the month of October and everyone is hoping for good things over the next few months. The reason: Festive Season is around the corner and experts are hoping that people will spend and borrow now like they used to do in the previous years. Top Banks like State Bank of India (SBI), HDFC Bank and ICICI Bank have announced their respective festive offers for customers seeking loans and credit cards. The reason behind all these offers is to revive the credit growth which had been on a decline since the last few months as customers put on hold their spendings keeping in mind the disruptions caused by COVID.
So, what are these festive offers and how will they help customers? We will talk about all in this post. So, let’s read on!
Table of Contents
- 1 HDFC Bank Festive Treats 2.0
- 2 SBI Festive Season Offers
- 3 ICICI Bank Festive Season Offers
HDFC Bank Festive Treats 2.0
HDFC Bank Festive Treats is back with more than 1,000 bigger and better offers on Credit Cards, EasyEMI, Loans, and other bank products. During last year’s Festive Season, HDFC Bank – the leading private sector bank of India – reported a hike of 50-60% in the loans with similar offers, and this time, it is expecting better from that. Customers can get special deals on all banking products from loans to bank accounts as HDFC has decided to tie-up with local merchants across Semi-urban and Rural locations.
The next few months could prove to be a treat for all the HDFC bank customers as they can get extra rewards, cashback and reward points on both online and in-store spendings. Other than this, customers will also get reduced EMIs and discounts on loan processing fees. We are showing all the offers provided by the HDFC Bank Festive Treats 2.0 across all categories. First, we are talking about offers on Loans. Have a look.
HDFC Bank Festive Offers on Loans
- In a limited offer valid till November 15, 2020, pre-approved customers will get a Car Loan as quickly as in 10 seconds with 50% off on Processing Fees, if everything goes right.
- The EMI amount for the loan can be as low as INR 1,111/lakh as compared to earlier INR 1,555/lakh.
- Salaried Customers can get Car Loan Interest Rates as low as 7.90% per annum.
- Customers will not need to pay any foreclosure charges if they want to pay the full outstanding balance after the 50% completion of total tenure (a minimum of 24 months).
- Similar to a Car Loan, select HDFC Bank customers can get a personal loan with 50% off on the processing fee. However, the minimum amount is fixed at INR 1,899 + GST.
- Customers can get this offer until November 15, 2020.
- The EMI amount can be as low as INR 2,149 per lakh for their personal loans. The final EMI will depend on your loan amount, interest rate and tenure.
- Salaried Customers of Select Companies and Select Government Employees can get Upto 50% off on their Home Loan Processing Fee through a limited period offer.
- This special processing fee is fixed at INR 2,500 plus applicable taxes
- HDFC Bank will also check the credit score of customers who want to apply for this loan facility and customers who have a score of 780 or above are eligible for this HDFC Festive Offer.
- Customers don’t have to pay any processing fee on two-wheeler loans upto INR 2,50,000 with this HDFC Festive Offers upto November 15, 2020.
- Customers can pay as low as INR 1,999 while making the down-payment and for the first 6 months, customers can also avail of a 25% lower EMI amount.
- With the HDFC Bank Festive Offers, customers can get a waiver of 50% on their Gold Loan Processing Fee. The maximum loan amount can be 90% of your overall gold price.
- Until November 15, 2020, customers can get a lower interest rate of 9.90% per annum on loan amount upto INR 5 lakh.
- After 6 months of the loan, customers don’t need to pay any foreclosure charges.
Loan Against Property
- Pre-approved and pre-qualified customers who want to avail of a loan against property can enjoy a flat processing fee of INR 9,999 + GST for loan amount upto INR 1 crore.
- For loan amounts exceeding INR 1 crore and upto INR 2 crore, the processing fee of 0.25% of the loan amount will be levied.
- This offer is valid until November 15, 2020.
Loan on Credit Cards
- With the HDFC Bank Festive Offer, any loan on the credit cards taken between 1st October to 15 November, the processing fee will be INR 799 onwards.
- The best thing about this facility is customers don’t need to provide any documents and can be applied anytime anywhere.
HDFC Bank Festive Offers on Credit Cards
Other than loans, HDFC Bank is also offering a wide range of special facilities to Credit Card Holders. We are showing them below. Do check.
- With early activation offers on retail spends, customers can get benefits worth INR 13,400. These benefits will come in the form of Activation EasyEMI, SmartPay, and Payzapp. This offer is valid till September 30, 2020, and may extend upto November 2020.
- Customers applying for Infinia and Regalia Credit Card can get exclusive Digital Membership of top brands like Amazon Prime, Cult Fit, Big Basket Star, and ET Prime. To get this offer, customers need to spend INR 30,000 within 90 days of card issuance. This offer is valid until December 31, 2020.
- With the HDFC Bank Festive Offers from October 1 to November 15, 2020, customers can save worth INR 10,000 on making transactions with PayZapp and SmartBuy. The top 100 Spenders will get Amazon Firesticks and the top 200 spenders will win Amazon Echo Dot. Minimum spends need to be INR 25,000 on both these platforms to qualify for this offer.
- Customers who have opted for Autopay on Debit Cards from July 1, 2020, to March 31, 2021, can get a 5% cashback per month (upto INR 150) on bill payments for the first 12 months. With this customers can save around INR 1,800. If you add 5 bills for Debit Card Auto Payment, you can get vouchers upto INR 500.
HDFC Bank Festive Offers on Shopping
- With the HDFC Bank Festive Offers, customers looking to purchase iPad Pro can get a discount upto INR 5,000 with HDFC Cards and EasyEMI. Customers can also opt for the No Cost EMI plan for a tenure of 6 months. This offer is valid only for a duration between October 1 to 30.
- On making any purchase on the Pepperfry (between September 29 to October 5, 2020), customers can get a 5% instant discount with no limit on the maximum discount.
- On spending above INR 5,000 on Tata Cliq, you can get a 10% discount upto INR 500/1,000. This offer is valid from October 2 to October 11, 2020.
- If you spend above INR 2,000 on BigBasket with your HDFC Bank Cards, you can get a 5% discount upto INR 250 from 6 to 10 October 2020.
- You can get an instant discount of 15% on all orders above INR 600 made at Swiggy. The maximum discount can be upto INR 100. This offer is valid from September 17 to November 18, 2020.
- On making any purchase at Bata with your HDFC Bank Debit/Credit Cards, customers can get a flat 25% discount from October 1 to December 31, 2020.
SBI Festive Season Offers
SBI also has a wide range of festive offers on Personal Loans, Gold Loan, Home Loan, and Car Loan applications through SBI’s digital platform YONO, which is the official mobile application of the country’s largest public lender. We are showing all of the discounts that customers can get this festive season. Have a look.
Discount on Loan Processing Fees
Customers will not need to pay any processing fee on Home Loan(in approved projects), Gold Loan, Personal Loan, or Car Loan. The only condition is customers need to apply for it via YONO Application. SBI has offered this by keeping the popularity of digitalization in mind; as everybody wants to apply for loans from their home. These SBI Festive Offers can prove to be pretty beneficial for customers.
Home Loan Offers
- Customers who are applying for a Home Loan on approved projects will get interest concession upto 10 basis points (0.10%). This discount for a home loan will be valid for loan amounts ranging from INR 30 lakh to INR 1 crore and will be given according to the credit scores of individuals.
- Customers can get a further interest concession of 5 basis points (0.5%) if they apply through YONO. This extra concession through SBI Festive Offers will be given according to the loan amount.
Gold Loan Offer
- Customers who need urgent money and are looking to opt for an SBI Gold Loan can get the lowest interest rates of 7.50% per annum. The only condition is customers should apply for a Gold Loan through YONO.
- The repayment tenure will be flexible upto 36 months and can be chosen according to your convenience.
ICICI Bank Festive Season Offers
Keeping in line with other top banks, ICICI Bank has also announced a wide range of Festive Offers to its Debit and Credit Cardholders and customers who want to apply for Home Loans, Car Loans, Two-wheeler Loans, or Instant Personal Loans. We are discussing all of them below. Please check.
Festive Offers on Loans
- Customers who want to avail Home Loans or Transfer their outstanding Home Loan Balance from other banks can get affordable interest rates starting from 6.90% per annum with the ICICI Festive Season Offers. Other than this, customers enjoy a processing fee that starts from INR 3,000.
- On Car Loans, customers can opt for an EMI amount as low as INR 1,554/ lakh. Customers can opt for a maximum tenure upto 84 months according to their convenience. With ICICI Bank Festive Offers, women customers get to pay a low Processing Fee of INR 1,999.
- On Two-wheeler Loans, customers can enjoy a special processing fee of INR 999 and EMI amount as low as INR 36/1,000. The maximum tenure can go upto 36 months.
- Individuals looking to get an instant personal loan from the ICICI Bank can get it at interest rates starting from 10.50% per annum. Other than this, the processing fee will be fixed at INR 3,999.
Note: All these offers are valid for a limited period starting from October 1, 2020. Please contact the bank before applying for any kind of loan.
Festive Offers on Debit and Credit Cards
- With a limited period ICICI Festive Offer, customers can get an additional 5% off on making any transactions on Pepperfry with ICICI Credit or Debit Cards. This offer is valid until March 31, 2021.
- If you make any purchases of INR 15,000 or above on Home Appliances and Electronic Items at Croma, you can get a flat discount of INR 1,000 until December 31, 2020.
- If you use your ICICI Credit Card to purchase any TVS Bike, you can get a cashback amount upto INR 5,000. Customers can get this offer until November 30, 2020.
- Purchase any product of Canon from the participating stores with ICICI Bank Credit Card and get a cashback upto INR 1,000. For this, you just need to choose Instant EMI after purchasing. The offer will last until November 30, 2020.