From cash-backs to reductions, zero foreclosures prices, sharply discounted processing charges and decrease rates of interest on provide for financial institution clients
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From cash-backs to reductions, zero foreclosures prices, sharply discounted processing charges and decrease rates of interest, banks have rolled out a bunch of affords to garner most enterprise from Diwali 2025.
Nation’s largest personal lender HDFC Financial institution is providing over 10,000 affords throughout playing cards, loans, PayZapp and EASYEMI. The lender is providing private mortgage at 9.99 per cent charge of curiosity, with as much as 72 months tenure at zero foreclosures free (supplied the mortgage quantity is above ₹15 lakh and CIBIL rating of buyer is over 730). It’s providing dwelling loans with charges beginning 7.40 per cent until October finish, and automotive loans at 8.55 per cent with zero foreclosures prices.
It’s providing such incentives throughout enterprise, two-wheeler, gold loans and mortgage on bank cards, amongst different variants. Financial institution will leverage its community of over 9,499 branches, and 21,251 ATMs, and greater than six lakh service provider and supplier touchpoints for this festive marketing campaign. It plans to do over 37,000 on-ground activations at retail centres, residential complexes and places of work to carry the affords nearer to clients.
Banks usually cost 8.75-9.65 per cent rate of interest on dwelling loans relying on buyer’s CIBIL rating, whereas automobile loans have rate of interest of over 10 per cent and private loans with rate of interest upwards of 12-13 per cent. Processing charges differs throughout banks for various mortgage merchandise.
With the newest GST charge cuts, fall in revenue tax charges and competition season demand, bankers count on retail credit score progress to rise over 20 per cent in H2FY26 from 14-15 per cent progress seen in H1.
“The triad of the tax advantages, GST and rate of interest cuts appears to be engaged on floor degree as we see financial exercise visibly bettering throughout buyer and product phase. On this background, we now have a chance to speed up mortgage progress, which is what we now have began to do from this quarter. We consider that this can maintain and proceed and we now have to attend and watch,” stated Sashidhar Jagdishan, MD & CEO, HDFC Financial institution.
ICICI Financial institution, in the meantime, is providing a particular processing charge of ₹5,000 for dwelling loans and processing charge of ₹999 for auto loans. It’s providing up ₹6,000 on the spot cashback on iPhone 17 buy and as much as ₹50,000 in cashback and reductions throughout varied electronics manufacturers like LG, Haier, Panasonic, Bluestar and JBL, amongst others. Prospects may also avail of enticing reductions on a spread of merchandise at Croma and Reliance Digital.
Says Rakesh Jha, ED, ICICI Financial institution, “…This 12 months, we’re delighted to supply a wide selection of offers throughout prime manufacturers, with thoughtfully designed affords to satisfy our clients’ evolving wants. Our clients can avail of those affords by means of credit score/debit playing cards, web banking, cardless EMI and shopper finance. They’ll additionally go for no-cost EMI utilizing their credit score/debit playing cards.”
Particular dwelling mortgage charges
Financial institution of Baroda (BoB) is providing particular rate of interest beginning at 7.45 per cent for dwelling loans, with nil processing charge. It’s giving rate of interest concession for ladies debtors, Gen Zs & Millennials aged under 40 years. The house mortgage curiosity will probably be calculated on a every day lowering stability foundation.
For these eyeing a brand new set of wheels, automotive mortgage rates of interest have been lowered, together with as much as 90 per cent financing of the on-road value of the automobile and prolonged reimbursement tenures – going as much as eight years for electrical autos. In truth, BoB is giving EV patrons an extra nudge with a 50 per cent concession in processing prices for electrical autos.
IndusInd Financial institution is providing as much as 50 per cent off on processing charge throughout mortgage merchandise together with dwelling, automobile, private loans and loans towards property. It’s providing private mortgage with rates of interest beginning at 10.49 per cent for mortgage quantity as much as ₹50 lakhs, with mortgage tenure as much as 84 months. Dwelling mortgage offers for long-tenure loans as much as ₹10 crore have been introduced by the financial institution, together with a flat processing charge of ₹10,000, prolonged mortgage tenures and stability switch choices.
Revealed on October 19, 2025