Diwali brings special home loan offers. Major banks and housing finance companies are providing discounts on interest rates and waiving processing fees. SBI offers up to a 65 basis points reduction in home loan rates.
HDFC Bank offers rates starting at 8.35%, the lowest among major banks. PNB's 'Deepawali Dhamaka 2023' offers home loans from 8.4% with waived fees.
Canara Bank, Bank of Baroda, LIC Housing Finance, and PNB Housing Finance also present attractive offers. When applying, compare rates, consider overall costs, and ensure the EMI doesn't exceed 30% of your family's net income.