India's largest private lender has launched a series of special schemes for the festive season, including offers for personal loans, business loans, home loans and automobile loans.
The loans for these categories, which fall under a scheme called Festive Treats 4.0, are applicable until October 31, 2022, according to the bank's website.
The lender is offering a collateral-free loan with 50 per cent off the processing fee for personal loans of up to 40 lakh at an interest rate of 10.50 per cent onwards.
The bank said that loans would be disbursed in 30 minutes with an interest rate of 7.90 per cent onwards and no foreclosure charges under a category called Xpress Car Loan. Car loans would be offered at a rate of 10.75 per cent interest and the option of no foreclosure charge after 2 years.
The lender said that it is offering a lower interest rate for top-up loans of up to Rs 50 lakh, while loans against property under the scheme will have a flat processing fee of Rs 9999 and a special processing fee for balance transfers.
The bank has a number of digital channels and is offering tie-ups with various brands across the consumer segment, it said.