Festive offers are frequently released by major banks and housing finance companies, lowering the cost of house loans. Like many other industries, the real estate and home lending sectors see the holiday season as a chance to draw clients and increase sales. There is always a spike in demand for properties around Diwali. The improving spending power of consumers, the rising Indian economy, and the Reserve Bank of India’s decision to retain the repo rate since February all portend well for the home loan and real estate sectors.

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Major banks and house finance companies frequently launch festive offers, lowering the cost of home loans, to entice purchasers during the holiday season. These deals could entail lower interest rates on house loans, exemptions from EMIs & loan prepayment costs, and/or waivers of administrative expenses. The top house loan deals for Diwali 2023, as offered by banks & housing finance businesses, are listed below.

Home loan offer from HDFC Bank for Diwali 2023

For its Festive Treats 2023, HDFC Bank is offering home loans at a special interest rate. This private sector lender’s regular interest rates for house loans start at 8.75% annually. However, the bank offers house loans with an enticing 8.35% annual starting interest rate during the holiday campaign, making it the most affordable choice among big banks. Customers can also benefit from a sizable discount on processing fees of up to 50%. It is significant to remember that this offer is only valid for a short time.

Offer for a home loan from State Bank of India (SBI) for Diwali 2023

Interest rates for house loans are offered by SBI and start at 8.4%. SBI is offering an enticing reduction of up to 65 basis points (bps) on home loan interest rates as part of its special festive campaign offer. This public sector lender’s standard home loan interest rates start at 9.15% annually. However, SBI is currently offering house loans with interest rates as low as 8.4% annually as part of their Christmas specials. Customers can also take advantage of a discount on top-up house loans, where interest rates under this special campaign start at 8.9% annually. SBI offers all home loan and top-up loan types a 50% remission on the card rate of processing fees. The house loan concession is offered through December 31, 2023.

Offer of a house loan from Punjab National Bank for Diwali 2023

Home loan interest rates from Punjab National Bank (PNB) start at 8.4% as part of the bank’s “Deepawali Dhamaka 2023” festival deal. The bank also eliminates all upfront and processing fees and documentation costs for all kinds of house loans. It’s crucial to remember that these deals are valid through November 30, 2023.

Offer for a Diwali 2023 house loan from Bank of Baroda

Under its Festivanza Offers, Bank of Baroda offers house loans with interest rates starting at 8.4%. This special pricing is applicable to government projects, takeovers, and finished work. As part of these special incentives, the bank also announces zero processing fees & concessional upfront fees. These offers are valid through December 31, 2023.

Offer of a home loan from Canara Bank for Diwali 2023

Canara Bank is offering house loan interest rates starting at 8.4% annually as part of its holiday promotions. In addition, the bank has said that house loans under the holiday promotion would have no processing or documentation fees.

Home loan offer from PNB Housing Finance for Diwali 2023

PNB Housing Finance is giving house loans with interest rates as low as 8.5% annually as part of its holiday promotions. Customers can also apply for loans totaling up to 90% of the value of the property.

Offer of a house loan from LIC Housing Finance for Diwali 2023

For new applicants seeking home loans up to Rs 2 crore and with a CIBIL score of 750 and above, LIC Housing Finance provides exceptional home loan interest rates starting at 8.4% per annum. As long as the first payout happens on or before December 31, 2023, these rates will be applicable to applications filed after October 27, 2023.

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