HDFC Bank launched ‘Festive Treats’, zero processing fees on two wheeler loans, Rs 7 thousand on Apple products. Discount up to
Through this, the bank is going to give many discounts to its customers from loans to banking services.
50% rebate in processing fees for auto loans, personal loans and business growth loans
In view of the business growth in the upcoming festive season, HDFC Bank has today launched Festive Treats for its customers. Through this, the bank is going to offer many discounts to its customers from loans to banking services. The bank is also focusing on rural areas this time. Earlier, State Bank of India SBI has announced 100% discount on loan processing fees.
50% reduction in processing fees
HDFC Bank is offering 50 percent discount on processing fees for auto loans, personal loans and business growth loans under Festive Treats 2.0 offers. Apart from this, no processing fee is being charged on two wheeler loans. During the festive season, the bank expects to see good performances in mobile, consumer durables, electronics, apparels, jewelery and dining-in category. Offers will be available at all financial solutions for retail and business customers.
Cashback up to 22.5 percent
In festive treats, customers will also get cashback, gift vouchers and many other benefits along with the rebate of processing fees and EMI on the loan. It will get 5-15 percent cashback on products and services of leading retail such as Lifestyle, Bata, Monte Carlo, Vijay Sales. Apple products will get cashback of up to about 7 thousand rupees on purchase. Apart from this, up to 22.5 percent cashback will be available on the purchase of many brands.
Also, no extra charge will be levied on EMIs of products from Samsung, LG, Godrej and Panasonic. The bank has tie-ups with online companies such as Amazon, Tata Click, Myntra, Pepperfry, Swiggy and Grophers to offer discounts, cashbacks and extra reward points on in-store and online purchases.
Focus on rural area
HDFC Bank’s focus is on the rural area. The bank has joined hands with local businessmen in many towns and rural areas of the country to give customers the benefit of the rebate. With this, more than 2 thousand offers from the bank will reach rural and remote areas. Parag Rao, the country head (payment business and marketing) of HDFC Bank, launched this campaign virtually.
SBI offer in festive season
Earlier, State Bank of India (SBI) has announced 100 percent waiver of any processing fees for home loans, cars, gold and personal loans. That is, if you are buying a house, then you do not have to pay any processing fees. But for this, customers will have to apply through the bank’s app YONO. SBI said that those customers will get special rebate in interest of 10 bps i.e. 0.10 percent, whose score will be good. However, it will also depend on the loan amount.
Special offer on gold loan and car loan
SBI is also offering special offers on gold loan and car loan. For customers who want to take a gold loan, there is a flexible repayment option. You can pay for up to 36 months in this. Its interest rate will be 7.5 percent. Not only this, the bank has offered a car loan at the lowest rate of interest, which will be available at 7.5 percent and on-road finance will get 100 percent. Any customer can take paperless, pre approved personal loans and Insta Home Top Up Loans through YONO (YONO) app. SBI customers can also SMS 567676 PAPL for further information related to it.
Customer silver
Apart from SBI and HDFC Bank, many other banks are also preparing to offer special offers to customers in the festive season. Apart from banks, this time e-commerce companies are also ready to lure customers. Reliance Jio, including Amazon, Flipkart, is also in a mood to give a big discount in this festive season. Well, the benefit is from the customers only. That is, the business which has been sluggish due to the corona epidemic will not only get support, but the customers are also going to get good benefits.
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