The festival car offer by banks is as follows:
|BANKS||CAR LOAN||Festive Benefit||Additional Offer||Offer Valid Till|
|HDFC BANK||NA||Up to .35 %||Tenure up to 7 Years||NA|
|ICICI BANK||11.5 % to 17 % for various tenure||discount up to .75%||NA||31-Dec-12|
|SBI||10.5 % Pa||No Change||Processing Charges reduced by 50%||NA|
|Bank Of Baroda||Interest @ 11.25 % for 5 year and 11.75 % for more than 5 year loan||Concession in interest rate up to 175 bps on different tenures||100% waiver of unified processing charges||NA|
|PNB||10.5 % to 11 % Pa||No Change||waiver of processing fee||30-Nov-12|
The current offers by banks are attractive and beneficial for the customers, but one should also focus on the total cost for the full term to analyze it better. The festive offer of interest rate discount over the usual rates' matters a lot in home loans due to high corpus involvement. Car loan customer needs quick service and processing ease along with rate's discount. Customer should focus on its own requirements and ensure the exact match with the current offer before concluding on the loan decision.