Ahead of the Diwali festivities, the country's leading private sector bank HDFC has rolled out a slew of offers for its corporate salary account holders. So, being a corporate employee and maintaining salary account with HDFC bank can come as a delight to you this festive season as you can avail the different available offers on purchases and loan schemes.
Cashback offer on consumer durable purchase: On EMI on debit and credit cards, consumer durable loan and purchase of Samsung mobile phones through HDFC Bank credit card, the bank is offering a maximum cash back of Rs. 6000. The offer remains valid until the end of the current year i.e. December 31, 2018.
Personal loan: As an advantage this festive season, if you are in dire need of funds you can approach HDFC bank for its personal loan offering that is available with a rebate of 0.5% as against otherwise stipulated rate. The offer will be available till December 31.
Car loan: With the step-up EMI scheme rolled out in case of car loan, you can avail loan from ICICI bank with lower EMI at first and gradually increase the EMI amount as your salary increases over the years. The starting EMI under the offer is Rs. 1,239 per lakh.
The bank has extended offer in lieu of processing fee, EMI amount and finance or loan scheme.
Balloon scheme: As part of this scheme, borrower is allowed to switch to a bigger car by providing an EMI for a small car that can be afforded by the individual.
On-road finance: HDFC bank for its corporate salary account holders also extends 100% on-road finance for tenure of 7 years with no processing fess but with some pre-specified terms and conditions.
Home loan: Under the HDFC Partnership Programme for some major corporate, the bank is offering a rebate of between 0.05-0.10% on rack rate. Plus there is 50% waiver in lieu of the processing fee. Also, if the home loan balance amount is transferred to some other financial institution bank will not charge any processing fee.
Loan against shares and MFs: For meeting your different financial needs in times of crisis, you can turn to your investments such as mutual funds and shares, nonetheless as a result of sharp correction of as many as 5000 points since August 28, you should not redeem your positions in them. But what you can do is avail loan on these securities by doling out a processing fee of Rs. 999 and applicable taxes. The offer is available until December 31, 2018.