Diwali Shopping: best offers you shouldn't miss this festival season

As the festival of lights, Diwali is around the corner, banks, non-banking financial companies (NBFCs) and housing finance companies (HFCs) have rolled out a slew of offers to bring more light on the Diwali festive mood. EJ lists out few festive season offers for you:

Cashbacks and discounts are the most popular. They are introduced to minimise a portion of upfront costs while making a purchase. They generally run throughout the year. However, the quantum and frequency of such offers increase intensively during the extended period of festivities.

Spend based offers are generally floated for all customers transacting through credit and debit cards.
However, these offers are categorically designed to encourage a consumer to spend a set amount during a predetermined duration, following which he can qualify for the spend-based cashback, a gift voucher, bonus rewards, or maybe a complimentary access to a premium privilege and much more.

Pre-approved loans: They are predominantly made to repeat customers and prime categories of existing clientele. Most lenders table pre-approved or pre-qualified offers for a premium credit card, a personal loan on a preferential rate of interest (ROI), a home loan of a higher loan-to-value (LTV) or a car loan to fund up to 100 percent of the ex-showroom value of the vehicle.

A loan against a credit card and a top-up loan for an existing facility at better rates are some of the lucrative offerings for prime customers as one can secure credit on lower interest rates, compared to the conventional interest charges throughout the year.