Special Festival Rates Provided by HDFC Bank for Personal Loans

HDFC is one of the major player in banking industry. And expecting some good offers from this reputed bank is genuine.

 Personal loans from HDFC are always preferred by the individuals and corporates. It gives a financial liquidity to a person when he/she is in great need of cash. Because of its high demand and usage, people generally expect some good offers on interest rate which would be attractive and easy to pay on the festival days.

India is full of festivals and the major period of festivals starts from August to November every year. We, Indians celebrates these days with full of enthusiasm and good wishes. We use to spend a lot of money on our new clothes, sweets, gifts and many more. Thus, we require cash to enjoy these festivals to the fullest. Hence, personal loan from HDFC is in great demand during these festival days and people also look forward for good discounts, cash back offers, free gifts and other attractive offers so that they need to pay something little less than the usual amount.

And yes, we do expect some offers from the key players of the industry. HDFC, being one of them is expected to release some festive offers on personal loans.

HDFC has released the similar type of festive offers on personal loan previously also. We’ll have a quick look on the offer made by HDFC personal loan in festival season previously. Take a look below:

1.     Offer for Government employees, Defense personnel and teachers: HDFC gave a festive offer previously to 3 categories i.e. Government employees, defense personnel and teachers in terms of waiver of interest rates on personal loans by 3.00% - 4.00% on existing rates, subject to a maximum ceiling of 14.5%.

2.     Offer for salary account holders in HDFC bank: HDFC festive offers on personal loan had previously covered its salary account holders also, by wavering 0.50% on processing fees, making it at 2.00% from 2.50%.

3.     Offer for new customers: HDFC bank in lieu of luring more customers have released some offers for new customers, by giving 2.00% discount on processing fees, for those who took loan against gold.

Since, it’s an improving economy this year, wholesale price index is in improving form, and we can expect similar kinds of offers this year too from HDFC  personal loans. People who are looking to have a personal loan, this festival season, may keep on checking Bank bazaar for any new updates on festive offers on personal loan.

 Meanwhile, enjoy a lot and best wishes!