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HomeCURRENT AFFAIRSBUSINESSLoan offers from Banks: SBI to American Express, make your Diwali special...

Loan offers from Banks: SBI to American Express, make your Diwali special with excellent schemes from lenders

Many banks, such as State Bank of India, Bank of Baroda, IDBI Bank, and others, are offering these deals, which we shall learn about below.

Loan offers from Banks: Many people buy automobiles, ornaments, houses and other things on special occasions like Diwali and other festivals. This Diwali you can buy anything even if you have no cash with you because many Banks are providing loans and credit card offers from which you can simply get your loan amount on a very low rate of interest. Here we will know about these offers from many Banks including State Bank of India, Bank of Baroda, IDBI Bank and others.

SBI card offer

Numerous EMI-focused discounts are available to cardholders, making big purchases easier to handle. This seasonal offer, which includes rebates and discounts with several partner brands, is available until November 15, 2023. These deals cover a broad range of products, such as laptops, mobile phones, apparel, consumer durables, and more.

American Express offers on Dining and more

Starting in October, a variety of eateries and cafés, including The Levels Pub, Table Spoon, Lord Of The Drinks, and many more, will be offering meal specials. Along with other well-known brands including Tanishq, Forest Essentials, Blue Tokai, Coco Cart, Vahdam Teas, and Arq Mithais, the company has launched retail discounts on Ikea in both its physical shops and online.

Amrit Mahotsav FD from IDBI Bank

The “Amrit Mahotsav FD” offer from IDBI Bank has been extended until October 31, 2023, providing consumers with an additional opportunity to take advantage of this festive fixed deposit opportunity.

Low interest rates from BOB

Four savings accounts with interest-rate offers on different loans have been created by the bank. BoB has also worked with leading brands in food, travel, and electronics to offer its debit and credit cardholders holiday discounts. BoB is offering home loans starting at 8.40% annual interest rate and has waived processing fees over the holiday season. Interest rates for personal loans begin at 10.10% annually. Education loans have an annual starting rate of 8.55%, while car loans have an annual starting rate of 8.70% with no processing fee.

Loan offers from Banks: SBI

SBI has connected a person’s loan concessions to their CIBIL score, a crucial financial indicator that evaluates creditworthiness. The concessions are more alluring and the house loan application process more affordable for applicants with better CIBIL scores (which range from 300 to 900). There is a 10 basis point premium for loans with loan-to-value ratios between 80% and 90%. For MaxGain and Realty loans, SBI is offering a 5 basis point reduction in card rates to borrowers having CIBIL scores of 750 or above.

Disclaimer: (This information is provided solely for informational purposes. It is important to note that investing in the market or a business idea involves market risks. Before investing money as an investor/ owner/ partner, always consult an expert. DNP News Network Private Limited never advises to invest money on stocks or any specific business idea. We will not be liable for any financial losses.)

Also Read: OPPO F21s Pro VS OPPO F21 PRO: Specifications, features and price compared to facilitate decision making

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