ICICI Bank launches special holiday bonanza with additional discounts on loan products

ICICI Bank today announced the launch of a holiday bonanza with offers, discounts and rebates. These deals will be on both essentials and luxury items from the stable of leading brands and e-commerce platforms. The ICICI ‘Festive Bonanza’ will also offer attractive benefits to retail and commercial clients on various banking products and services. Some of the offers will be available from October 1, 2020 and others on different dates this holiday season.

Under this launch, customers will be able to take advantage of various offers in categories such as electronics, gadgets, apparel, jewelry, health and wellness, groceries, food ordering, automobiles, furniture, entertainment and e-learning. The list of brands offering attractive discounts includes Amazon, Flipkart, Bigbasket, Grofers, Zomato, Swiggy, Pepperfry, and Tribhovandas Bhimji Zaveri (TBZ). Customers will be able to take advantage of these offers using ICICI Bank credit and debit cards, Internet banking, and the mobile banking app. Customers can also enjoy offers on various banking products and services such as loans, debit and credit cards, checking and savings accounts, NRI accounts, money transfer, consumer finance and investments, etc.

Anup Bagchi, Executive Director of ICICI Bank said: “With the start of the holiday season, we have put together a wide range of offers for our clients to make their celebrations more special this year. We’ve partnered with a variety of leading ecommerce players, as well as popular brands in various categories to deliver attractive deals. These offers are applicable to the use of ICICI Bank debit / credit cards, network banking, mobile banking and digital wallet pockets to make payments.

In addition, he adds: “We have also introduced holiday benefits in a variety of banking solutions: home, balance transfer, recharge on a mortgage loan, car, two-wheelers, personal education loan, no-cost EMI to finance electronic gadgets, accounts savings and checking accounts and NRI accounts among others. With this, we believe that our customers will get best-in-class deals to celebrate their holidays, even while indoors or keeping a safe distance. “

Benefits of ‘Festive Bonanza’ on loan products;

• Mortgage loans and mortgage loan balance transfer from other banks will have an attractive interest rate (linked buyback rate) starting at 6.90 percent and a processing fee starting at Rs 3,000.
• For auto loans, there will be flexible schemes to help clients own a car with custom EMI options. EMI starting at Rs 1,554 for Rs 1 lakh for a term of 84 months. Additionally, clients receive a fixed processing fee of Rs 1,999.
• For two-wheeler loans, the EMI starts as low as Rs 36 per Rs 1,000 for the 36-month term. Special processing fee of Rs 999.
• Instant personal loans will be offered at an attractive interest rate starting at 10.50 percent and a fixed processing fee of Rs 3,999.
• Consumer finance loans will be available at no EMI cost on all major home appliance and digital product brands.

Holiday offers are available to retail consumers and business customers with discounts on loan processing fees, reduced EMI, gift vouchers and more benefits. The Bank has partnered with leading brands to present these offerings to its clients.

ICICI Bank debit or credit card, net banking and digital wallet Pocket users can take advantage of attractive discounts in all categories, such as 10 percent discount on online purchases with major e-commerce players such as Amazon, Flipkart, Paytm and Tata Cliq; up to 20 percent cash back on major electronics brands like Samsung, LG, Panasonic, Sony, Voltas, Toshiba, Godrej and more; additional 10 percent discounts on leading clothing brands such as Myntra, Ajio, Flipkart, Paytm Mall, Central, Fab India, Vmart, among others; grocery shopping discounts with Amazon, Big Basket, Paytm Mall, Grofers and Milk Basket; up to 20% off major food delivery apps like Zomato, Swiggy, and Domino’s, etc. ICICI Bank Launches Special Holiday Bonanza With Additional Discounts On Loan Products