Diwali Offer: These 3 big banks have brought Diwali offers, know at what rate they are giving Home-Car Loan

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Diwali Offer
Diwali Offer: These 3 big banks have brought Diwali offers, know at what rate they are giving Home-Car Loan

Punjab National Bank has started a Deepawali Dhamaka 2023 offer. Meanwhile, Bank of Baroda and State Bank of India have also started festive offers keeping in mind Diwali 2023. Let us know what kind of offers these three banks are giving on home loan and car loan.

Punjab National Bank has started a Deepawali Dhamaka 2023 offer. The aim of the bank is that it can also increase its earnings through the shopping trend of Diwali 2023. Under this offer (Diwali Offer), Punjab National Bank customers can get home loan at an initial rate of just 8.4%. Meanwhile, Bank of Baroda and State Bank of India have also started festive offers keeping in mind Diwali 2023. Let us know what kind of offers these three banks are giving on home loan and car loan.

What is the offer of Punjab National Bank?

Punjab National Bank customers can take a car loan at an initial rate of 8.7%. The bank is giving exemption in processing fees and documentation charges to car loan takers during this festive season. Those who want to take a home loan from Punjab National Bank can take a home loan at an initial rate of 8.4%. The bank is not charging any processing fee or documentation charge on this also. You can also apply for home loan of Punjab National Bank by visiting the bank’s website.

Also know the offer of State Bank of India

Under the special festival campaign of State Bank of India, the bank wants to attract more and more customers. The special offer campaign of the bank has started from 1st September 2023, which will run till 31st December 2023. Under this campaign, State Bank customers can get huge discounts on term loan interest rates. However, how much this discount will be will depend on what your credit score is. The better your credit score, the more discount you will get on interest rates. The bank will give a discount of up to 65 basis points i.e. 0.65% on interest rates.

For example, if you are a customer of State Bank of India and your CIBIL score is between 700 to 749, then you can take a term loan at the rate of 8.7%. Let us tell you that before the campaign this rate was 9.35%. Similarly, if your CIBIL score is between 750 to 799, then you can take term loan at a special rate of 8.6%. If a customer’s CIBIL score is 800 or more then he will have to pay 8.6% interest. Normally this interest remains up to 9.15%. Apart from the discount in term loan interest rates, the bank is also giving additional discount of up to 10 basis points i.e. 0.1% to the customers on some special categories of loans. Under this come Shaurya, Shaurya Flexi Vishisht and Shaurya Flexi.

How much discount is Bank of Baroda giving?

Under Bank of Baroda’s special festival campaign Feeling of Festival with BoB, huge discounts are being given to customers. This campaign will run till 31 December 2023. Under this campaign, home loan interest rates start from 8.4%. The good thing is that the bank is not charging any processing fee on this. Not only this, customers can take loan at an introductory rate of 8.7%. Bank of Baroda customers will not have to pay any processing fee on this also.

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