A Oneindia Venture
News Personal finance Gold rates Silver rates Mutual funds IPO MSME
Gold Rates
Silver Rates
Platinum Rates
Fuel Price
Holidays
Banking
Lottery
Calculators
Savings Scheme
Get Updates
Get notified about market trends, financial advice, and investment tips!
English हिन्दी ಕನ್ನಡ മലയാളം தமிழ் తెలుగు
Sensex 73,319.55 +0.25% ↑ Nifty 22,713.10 +0.15% ↑ 22k Gold ₹ 13,835/gm Silver ₹ 2,50,000/kg Petrol ₹ 103.50 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 109.24 USD ₹ 92.71
Sensex 73,319.55 +0.25% ↑ Nifty 22,713.10 +0.15% ↑ 22k Gold ₹ 13,835/gm Silver ₹ 2,50,000/kg Petrol ₹ 103.50 Diesel ₹ 90.03 LPG ₹ 912.50 Crude Oil $ 109.24 USD ₹ 92.71
Home Personal finance Planning
Grab the bank’s festive loan offer 2012 before it ends
By
Add as a preferred source on Google
<ul id="pagination-digg"><li class="previous"><a href="/personal-finance/planning/2012/11/grab-the-bank-s-festive-loan-offer-2012-before-it-ends1-151755.html">« Previous</a>

car-interest
The car loan offer also consists of discounts and fee waiver by the banks. HDFC has stretched the loan tenure to seven years for more time ease to its customers. ICICI is offering a reduction up to .75% depending on the term of loan. The interest rate charged by SBI and PNB seems to be most aggressive at 10.5% Pa. The festive offer would be available until 30th Nov or 31st Dec 2012(it may vary from a bank to bank).

The festival car offer by banks is as follows:

BANKS CAR LOAN Festive Benefit Additional Offer Offer Valid Till
HDFC BANK NA Up to .35 % Tenure up to 7 Years NA
ICICI BANK 11.5 % to 17 % for various tenure discount up to .75% NA 31-Dec-12
SBI 10.5 % Pa No Change Processing Charges reduced by 50% NA
Bank Of Baroda Interest @ 11.25 % for 5 year and 11.75 % for more than 5 year loan Concession in interest rate up to 175 bps on different tenures 100% waiver of unified processing charges NA
PNB 10.5 % to 11 % Pa No Change waiver of processing fee 30-Nov-12

Final Words

The current offers by banks are attractive and beneficial for the customers, but one should also focus on the total cost for the full term to analyze it better. The festive offer of interest rate discount over the usual rates' matters a lot in home loans due to high corpus involvement. Car loan customer needs quick service and processing ease along with rate's discount. Customer should focus on its own requirements and ensure the exact match with the current offer before concluding on the loan decision.

InvestmentYogi.com

<ul id="pagination-digg"><li class="previous"><a href="/personal-finance/planning/2012/11/grab-the-bank-s-festive-loan-offer-2012-before-it-ends1-151755.html">« Previous</a>

Share This Article
Story first published: Saturday, November 3, 2012, 14:55 [IST]
See More On: home loan, interest rates, banks

More From GoodReturns

Notifications
Settings
Clear Notifications
Notifications
Use the toggle to switch on notifications
  • Block for 8 hours
  • Block for 12 hours
  • Block for 24 hours
  • Don't block
Gender
Select your Gender
  • Male
  • Female
  • Others
Age
Select your Age Range
  • Under 18
  • 18 to 25
  • 26 to 35
  • 36 to 45
  • 45 to 55
  • 55+
Sign Out