Curated By: Business Desk
Last Updated: November 07, 2023, 19:54 IST
SBI, PNB, and Bank of Baroda are offering attractive offers on home loans.
Major banks like the State Bank of India, Bank of Baroda, and Punjab National Bank have rolled out significant discounts on interest rates on home, car and term loans ahead of Diwali.
In this festive season, there is a flurry of Diwali offers from many top brands across sectors. Many companies are trying to lure customers in various ways to boost their sales during the festive period of Dhanteras and Diwali. This strategy is not only benefiting the companies but also the common people as well. Even banks are not lagging behind in offering discounts on home, car, and term loans in this festive season.
If you are planning to take a loan from State Bank of India (SBI), Punjab National Bank (PNB), or Bank of Baroda (BoB) this Diwali, you can avail lucrative offers that these leading banks have rolled out recently. Whether you need a loan for a house, a car, or any other purpose during festivals like Dhanteras, Diwali, Bhai Dooj, and Chhath, you may consider the offers from these public sector lenders.
PNB Diwali Bonanza 2023 Offers
Punjab National Bank (PNB) is offering car loans at a starting interest rate of 8.7% during this festive season. Customers taking car loans can also enjoy discounts on processing fees and documentation charges. Moreover, you can get a home loan from PNB with interest rates starting at 8.4%, and there are no processing fees or documentation charges.
SBI Discount On Term Loan
Under the special festival campaign, the State Bank of India (SBI)is providing various discounts on term loans. These discounts are based on your credit score. The better your credit score, the higher the discount you can avail. For instance, if your CIBIL score falls between 700 and 749, you can get a term loan at an interest rate of 8.7%, down from the prevailing rate of 9.35%. Customers with a credit score of between 750 and 799 can obtain term loans at an interest rate of 8.6%.
Bank of Baroda Home Loan Discount
Bank of Baroda (BoB) has also introduced offers under the “Feeling of Festival with BoB” promotion. These offers are available until December 31, 2023. BoB is now offering home loans at an annual interest rate of 8.4%. Moreover, home loan applicants won’t have to pay any processing fees. In addition, you can avail car loans from the bank starting at a 8.7% interest rate, with no processing fees.