To brighten up the festive season, some banks have introduced attractive offers on their home and auto loans.
· State Bank of India is offering:
- Home loans of up to Rs 50 lakh at fixed interest rates of 8% p.a. for the 1st year and 8.5% p.a. for the next 2 years
· IDBI is offering the following from the period October 1 to December 31, 2009:
- Auto loans at 8.5% p.a. (as compared to 12% p.a. previously)
- Home loans less than Rs 30 lakh at reduced floating rate of 8.75% p.a. (from 9% p.a.)
- Home loans between Rs 30 lakh-Rs 50 lakh at reduced floating rate of 9% p.a. (from 9.5% p.a.)
- Home loans above Rs 50 lakh at attractive floating rate of 9.25% p.a. (down from 9.5% p.a.)
· Bank of Rajasthan has slashed home loan rates in an offer valid till December 31, 2009:
- Fixed rate is reduced to 9% p.a. for the 1st year, and 10% p.a. for the 2nd and 3rd year
- Floating rate is cut to 8% p.a. for the 1st year and 9% p.a. for the 2nd and 3rd year
· Punjab National Bank is offering:
- Home loans upto Rs 30 lakh at 8.5% p.a. fixed rate, with a reset clause of 3 years. This offer is valid only till October 31, 2009
· Bank of India, under its Festival Offer valid till October 20, 2009 is offering:
- Home loans upto Rs 10 lakh at 8.5% p.a. for a repayment period of 3 years
Hurry, and make the most of these offers, while they last! However, ensure that you read all the fine print of these offers before subscribing to them.
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