Capitalise on festival offers for loans, but heed other conditions too

Loan amount, tenure and prepayment conditions must also suit you

This festival season most offers on home loans fall under one of two categories: Reduction in interest rate and waiver (partial or complete) of processing fee. While offers are important, borrowers must heed the other terms and conditions the loan comes with.

Stiff criteria for best offers

The best festival offers are not open to everyone. You can avail of them if you fulfil a number of terms and conditions.

Banks and housing finance companies (HFCs) often set cut-off credit scores. “SBI’s special campaign rates for the festival season can only be availed by applicants having credit scores of 700