As the season of festivals has started in India already, various banks, including the State Bank of India, HDFC Bank, ICICI Bank, Bank of Baroda, etc. have brought some attractive festive offers on their home loans, personal loans, car loans, and other products.
If you were planning to apply for a home loan for a long but could not do so, this is a good time to get one with the offers available.
Looking for 1 Crore Home Loan? Check Interest Rate, Processing Fee, Tenure, & EMI
Here are some of the best home loan offers available to the borrowers this festive season:
HDFC Bank Home Loan is being offered at special interest rates, starting at just 7.75% to 13.20% per annum under their Festival offer. The bank is also giving 50% off on the Home Loan processing fee for salaried customers of select corporates. Also, select government employees can obtain the benefit of getting a flat processing fee of Rs. 3,000 plus applicable taxes.
Another offer is that the Bank of Baroda is offering Home Loan Interest Rates from 7.20% to 8.95% per annum. Bank of Baroda is also offering a Low processing fees waiver on Home Loan and Top-up Home Loan. The offer also provided a 0.25% concession on home loan balance transfer interest rates.
The State Bank of India is also offering the 0.35% processing fee deal if you apply for a home loan online through the YONO app. Also, you get an interest rate concession of up to 10 bps based on your credit score and 5 bps if you apply through the YONO app.
ICICI Bank is offering an interest rate ranging from 8.10% for Home Loan as well as Home Loan Balance Transfer. Also, the processing fee for Home Loan Balance Transfer starts at Rs. 3,000.
The concession in processing fee and interest rate impacts the overall cost of a home loan. Even a slight reduction in the interest rate brings down the EMI cost for the borrower, making the loan cheaper.
Things to consider this before applying:
Before you apply for a home loan, make sure to inquire about the overall applicable charges and the home loan interest rate. Knowing these charges is extremely useful to determine the total cost of your housing loan and can save you from opting for a high-cost loan deal that will make you pay heavily in the long run.
If you are a first-time borrower, here are a few notable charges to take note of:
Processing fees
Documentation charges
EMI bounce charges
Penal interest for late payment or default
Other applicable charges
Different Home Loan EMI Options for Multiple Amount
Also, look into the tenure of repayment as it is directly linked to the monthly amount outgo (or EMI). Having a longer tenure will provide you with sufficient time to repay a large home loan amount. In that way, you can avoid defaults. Another factor to consider is the home loan part-prepayment and foreclosure policy. It will help you in the future when you have surplus to prepay your loan faster.
Updated On Jul 1, 2026
Written By
Written By Reshma RawatAssistant Content ManagerCredit Cards, Credit Score, Personal Loan, Home Loan, etc.
Reshma Rawat is a passionate writer with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra and writes blogs & webpages on financial products (loans, credit cards, insurance, government financial policies, mutual funds, etc.).
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