HOT
Tech K Web
No Result
View All Result
Tech K Web
No Result
View All Result
Advertisement Banner
Home Business

Personal Loan Offers This Diwali: Yes Bank Vs HDFC Bank Vs Kotak Bank And More

admin by admin
December 13, 2022
in Business
372 28
0
Personal Loan Offers This Diwali: Yes Bank Vs HDFC Bank Vs Kotak Bank And More
550
SHARES
2.5k
VIEWS
Share on FacebookShare on Twitter

Festive season always calls for gaiety. It will be raining offers this Diwali season with every business enterprise, financial institutions are nowhere an exception. Many consider Diwali as an auspicious beginning and plan for the purchase of new car, mobile, home appliances, and travel on a pilgrimage; Banks lure you with best offers to get a personal loan to fund for the festivities. The festival season is the best time to make use of getting funds at comparatively lesser costs.

Comparative analysis of personal loan offers

DescriptionYes Bank Personal loanHDFC Personal loanKotak Mahindra Bank Personal loan
Personal loan productsPersonal Loan for HolidayPersonal Loan for WeddingPersonal Loan for Home Renovation Marriage LoanPersonal loan for SalariedPersonal loan for Medical EmergencyPersonal loan for CovidPersonal loan for WomenPersonal loan for Home RenovationPersonal loan for GovernmentPersonal loan for teachersTravel loan Personal loan for all type of personal expensesPersonal loan Overdraft
EligibilityAge – 21 years to 60 years.Salaried employees working with reputed companies.Minimum net monthly income – Rs 18,000Age – 21 years to 60 years.Salaried employment experience of at least 2 years.Minimum net monthly income Rs 25,000Age – 21 years to 60 years.Salaried employment experience of at least 1 year.Minimum net monthly income – Rs 30,000
DocumentationIdentity ProofAddress ProofIncome Proof2 Passport size photographs.Doorstep banking service for collection of documents for personal loan.Identity ProofAddress ProofIncome Proof2 Passport size photographsIdentity ProofAddress ProofIncome Proof2 Passport size photographs
Amount of loanRs 1 lakh to Rs 40 lakhsRs 50,000 to Rs 40 lakhsRs 50,000 to Rs 25 lakhs
Interest rateStarts from 10.99%Ranges from 11% to 21%.Flat and adjustable interest rate.Starts from 10.99%.Personal loan OD starts from 12.75%Fixed or flat interest rateAdjustable interest rate where the rate of interest is changed whenever there is a policy change by RBI.
Processing feesUp to 2.5% of the loan amountUp to Rs 5,000Up to 3% of the loan amount
EMI tenure12 months to 60 months12 months to 60 months12 months to 60 months
Processing timeWithin 5 days from the date of application and receipt of supporting documents.HDFC bank customers can get a personal loan within 10 seconds. Non-HDFC bank customers can get it within 4 hours.Existing customers can apply through internet banking, ATM or Loan Assist App.Within 48 hours of application and submission of documents. Easy online application is available.
FeaturesOne minute in-principle loan approval by YES BANK mPower Bot.Transfer of existing personal loans from other banks to Yes Bank at lower interest rates.Top-up loans are also available. Personal accidents cover up to Rs 8 lakhs with nominal premium.Personal loan security Debt consolidation loans where all your existing personal loans are repaid and converted into a single loan with Kotak Bank. Overdraft facility is available on personal loans of Kotak to overdraw up to a specified limit.Top-up loans after 9 months of original loan.
PrepaymentForeclosure can be done post payment of 12 EMIs.Foreclosure charges range between 2% and 4% depending on the period taken after 12 months’ EMI.Foreclosure charges range between 2% and 4% depending on the period taken after 12 months’ EMI. Part payment up to 25% of outstanding and only once in the financial year.Lock in period of 12 months for loan tenure of more than 18 months and 50% of the tenure for less than 18 months. Foreclosure charges from 2% to 4% based on the time of repayment.
  • Yes Bank is providing festive offers for personal loans. The borrowers can get personal loans at attractive interest rates.
  • HDFC Bank has introduced “FESTIVE TREATS” offer on personal loan for this Diwali. The offer is valid till 31st October 2022. The interest rates start from 10.50%. You can check your eligibility in 5 minutes and get the loan disbursement in 24 hours. Door step documentation is also available as part of this offer. The disbursal is done in 10 seconds for selected customers of HDFC Bank.
  • Kotak Mahindra Bank promises quick disbursal of personal loans to meet the various festival expenses.
  • ICICI Bank is waiving off pre-closure charges when the loan is closed after 12 EMIs.
  • Jammu & Kashmir Bank is offering personal loans from Rs 5,000 to Rs 75,000. There is no penalty and processing charges for foreclosing the personal loan.
  • IndusInd Bank provides personal loans up to Rs 50 lakhs for tenure up to 72 months.

Conclusion:

Festive loans are offered for a limited period of time. It is important to know the deadline for offers and apply beforehand. Having a good credit score can also help to achieve more attractive offers. Festive loans are catchy with respect to the reduction in interest and processing charges. But ensure to read the terms and conditions in between the lines. Borrow only if you need and plan for prompt repayment of the loan. Let the festival of lights bring home prosperity, wealth and lots of happiness.

admin
admin
Tags: personal loan
Advertisement Banner
admin

admin

Trending

Alt+F4: The Meme That’s Taken Over The Internet
Technology

Alt+F4: The Meme That’s Taken Over The Internet

2 days ago
5 Mic Amplification Software Alternatives That Are Worth Considering
Technology

5 Mic Amplification Software Alternatives That Are Worth Considering

2 days ago
Sussy Baka Amogus Shrine: What You Should Know Before Visiting
Game

Sussy Baka Amogus Shrine: What You Should Know Before Visiting

4 days ago
How to Look Great in Casual Clothes
Lifestyle

How to Look Great in Casual Clothes

2 weeks ago
Forget Smartphones – Here’s To An Era of Technological Innovation
Technology

Forget Smartphones – Here’s To An Era of Technological Innovation

4 weeks ago

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Recent News

Alt+F4: The Meme That’s Taken Over The Internet

Alt+F4: The Meme That’s Taken Over The Internet

February 1, 2023
5 Mic Amplification Software Alternatives That Are Worth Considering

5 Mic Amplification Software Alternatives That Are Worth Considering

February 1, 2023

Categories

  • Business
  • Education
  • Fashion
  • Foods
  • Game
  • Health
  • Law
  • Lifestyle
  • News
  • Sports
  • Tech
  • Technology
  • Travel
  • Uncategorized

Tags

2 Usual Inquiries Related to Car Insurance 5 Books to Boost up Commodity 5 NGOs You Can Support Online 10 Things You Need Are Necessary To Understand Benefits of Data warehousing Benefits of Light Therapy benefits packages best birthday gifts Best Known for breech baby Cerner Charting System Different Types Of Wardrobe Design DocuTAP EHR vs Sammy EHR Flipkart for Depression Fun and Unique Kids' Cake Healthpally Here Is The Perfect Hiring An Experienced HR Executive How Are Vinyl And Internet To Benefit Your Life iPhone Photographic Styles Korniche Lantern Truly Unique Marketing Mobile App Development NUMBER ONE ROOFING Organic Growth in Chennai personal loan PPF Different roofer Denton County TX software to Add In Your Meals to calculate personal loan rate Top 8 SEO Companies Top Foods Types of Furniture Valentine Day gifts Web3 in e-Commerce Webinar Platforms Website Development What Metaverse Concepts What You should Know About Why Education in a Metavers Zodiac Signs
  • About
  • Advertise
  • Privacy & Policy
  • Contact Us

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
    • Home – Layout 1
  • Buzz
  • Animals
  • Celebs
  • Life
  • Tech
  • Video
  • More
    • About
    • Contact Us

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In