HDFC Bank launches festive offers, partners with over 10,000 merchants.
HDFC Bank, a private lender, announced on Tuesday that its Festive Treats 3.0 program had partnered with over 10,000 retailers, a nearly tenfold increase from 2020. Customers can choose from 10,000 deals on credit cards, loans, and low-interest loans.
“As India unlocks, we are also trying to spread a little cheer in the lives of people and help the overall national economic good,” said Arvind Kapil, Group Head – Retail Assets, HDFC Bank. “This is reflected in our range of offers spanning Personal loans, Car loans, two-wheeler loans as well as the Business Loan & working capital loans for really small businesses.”
Some of the key national partners include Apple, Amazon, Shoppers Stop, LG, Samsung, Sony, Titan, Central, Ajio, Reliance Digital, Reliance Trends, Lifestyle among others.
The bank will use its ATM, branch network, partnerships with stores & websites and digital media campaigns to reach its customers.
“Our range of offers on credit cards is not just about coming back with a bang. It is about spurring India’s consumption story,” said Parag Rao, Group Head – Payments, Consumer Finance, Digital Banking, and IT, HDFC Bank. “We are encouraged to do this since about one-third of spends on credit, debit and prepaid cards in India happens on an HDFC Bank card.”
The bank said it has a cash back offer of Rs Rs 6,000 on iPhone 13. It is also offering upto 22.5% CashBack & No Cost EMI on electronics & consumer goods like washing machines and refrigerators.
The bank will offer personal loans starting at 10.25% with instant disbursal in customers account. Its car loans will start at 7.50% with Zero Foreclosure charges.
It is also giving options of funding of up to 100% on two-wheeler loans and 90% funding on tractor loans with zero processing fee.
“This has been one of the most challenging periods for people due to the pandemic. Festive Treats 3.0 is not just about spending for oneself but also about helping others, Festive purchases will benefit many others employed in small businesses and create a chain of recovery across the spectrum,” said Ravi Santhanam, CMO, Head -Corporate Communications, Liability Products & Managed Programs, HDFC Bank.