Close on the heels of SBI's festive offering, ICICI Bank on Wednesday launched festive bonanza offering cashbacks and discounts on basic and luxury goods from top brands as well as e-commerce portals. Under the offer, retail and business customers will also be given special benefits on the different banking products and services. "Some of the offers will be available from as early as October 1and others at different dates of this festive season," said the statement from the bank.
Auto loans and two-wheeler loans: The bank is coming up with flexible schemes helping people own car with customized EMI offerings. EMIs per Rs. 1 lakh starting at Rs. 1554 for a 7 year tenure. For women borrowers, there will be flat processing fee of Rs. 1999.
EMI of Rs. 36 for every Rs. 1000 for tenure of 3 years. Special processing fee of Rs. 999 on two-wheeler loan.
Home loans and balance transfer of home loans from other banks: Repo rate-linked interest rate starting at 6.9% and processing fee starting from Rs. 3000.
Instant personal loans: Personal loan interest rate starting from 10.50% and flat processing fee of Rs. 999.
Consumer finance loans: No cost EMI available on top brands in home appliance and digital products segment.
Also customers can take advantage of the slew of offers on categories including apparels, grocery, electronics, jewellery, entertainment, dining, travel, everyday delights, health, utility payment, e-learning, furniture and automobile. The various brands offering attractive benefits or discounts are Amazon, Flipkart, Bigbasket, Grofers, Zomato, Swiggy, Pepperfry and Tribhovandas Bhimji Zaveri (TBZ). And these offers can be availed using net banking, bank's mobile app iMobile or debit and credit cards.
"With the onset of the festive season, we have put together a wide range of offers for our customers to make their celebrations more special this year. We have tied up with an array of leading e-commerce players as well as popular brands across various categories to bring forth attractive offers. These offers are applicable on using ICICI Bank's debit / credit cards, net banking, mobile banking and digital wallet Pockets to make payments. Further, we have also introduced festive benefits across a range of banking solutions-- home, balance transfer, top up on home loan, auto, two-wheelers, personal education loan- no-cost-EMI for financing electronics & gadgets, savings & current accounts and NRI accounts among others", Anup Bagchi, Executive Director, ICICI Bank said on the launch of the product.