Axis Bank: Banks are offering various financial offers to attract customers during the festive season. Axis Bank has also announced special offers for home and personal loan borrowers.
Special Offer by Axis Bank
This initiative by the bank can benefit customers planning to purchase a home or seeking a loan for personal needs. However, it is important to understand the interest rate, additional fees, and eligibility requirements before taking out a loan.
Offers also for car and two-wheeler loans
The bank also offers assistance to customers who are considering purchasing a car. Instant car loan disbursement within 30 minutes is available along with 50% discount on processing fees. Some electric cars will also benefit from an additional interest rate reduction of 10 basis points. Customers can finance up to 100% of the vehicle’s on-road price and benefit from a maximum repayment term of eight years. Seizure fees are also waived after 24 months. Two-wheeler loans also offer the possibility of disbursement in 30 minutes. The interest rate for superbikes starts from 10.75%, while for electric two-wheelers a special discount of 0.5% is applied.
There is a special discount on the home loan
For home loan borrowers, the application fee starts from ₹999 + GST. The bank also offers benefits like waiver of up to twelve EMIs and faster principal repayments on selected home loans. Personal loans, without any guarantee, will be available with an interest rate starting from 9.99% per annum. Processing charges start from ₹999.
More than 200 credit card offers
Furthermore, the bank has introduced more than 200 offers for its credit card customers. These include categories such as online shopping, electronics, mobile phones, travel, lifestyle and home furnishings. Eligible cardholders can get up to 20% discount on purchases and EMIs. Brands like Amazon, LG, Samsung, MakeMyTrip, Air-India, Vivo and OPPO are included in these offers.
According to Munish Sharda, executive director of the bank, during the festive season, customers make decisions such as buying a house, replacing a vehicle, personal needs and investing in business. The bank aims to provide better financing options for these needs. General conditions apply to all offers. Customers should check with the bank for information on interest rates, eligibility and other fees before taking out a loan.
Student loan and business financing relief
Students looking for education loans are also included in this offer. Educational loans for study in India will start at 7.25% per annum. Processing fees start from ₹0. Eligible students studying abroad will receive a discount of 0.25% on applicable interest rates.
Meanwhile, small businesses get a 50% discount on application fees for secured working capital products such as cash credit, overdrafts and term loans. This offer is valid until December 31, 2026. However, normal loan processing fees will apply at the time of approval or disbursement.