In the festive season, banks do not want to leave any opportunity to entice customers by bringing bank offers. These offers include zero or low processing fees, not taking some EMIs, cashback offers, not taking a spread on MCLR and zero percent interest rates. 

There are certain conditions of the bank with these offers. Many things are hidden in this process, which they do not tell to the customer. Whereas customers extend their hands only in the name of offers. Today we go to the bottom of these offers are you to tell them the truth 

Zero processing fees
This discount can be attractive to you, but banks take so much or more from you in the name of legal and technical fees. Therefore, in this process, you should properly investigate these things and you should not make any decision in the name of processing fees. 

EMI discount
If you do not give an EMI of more than 90 days for any reason, you can also be disqualified for it. Apart from all this, this offer is available only on floating rate basis. 

Cashback Offer
ICICI Bank gives 1% cashback of every EMI. However, you will get the first cashback after 36th EMI and after every 12 AMI. The minimum tenure of the loan should be 15 years. 

Zero Percent Interest Rates 
We are often offered with this on some expensive electronic goods and consumer durables including mobile. However, if you take a mobile of Rs 20,000, then you are usually charged 5000 rupees downpayment and processing fees of Rs 500. 

After all, if the remaining amount is converted to 6 EMI, you have to pay a total of 12.5% interest, not zero percent, which you do not know.

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