New Delhi, Oct. 28 -- Diwali is considered one of the most auspicious times for big-ticket purchases, whether it is buying a home or a vehicle. To tap into this festive sentiment, banks are rolling out loan offers, such as interest-rate concessions and processing-fee waivers.

These discounts may appeal more given that the Reserve Bank of India (RBI) increased the repo rate by 25 basis points on 7 October and is now moving towards recalibrated tightening.

Santosh Agarwal, chief executive of consumer credit and financial services marketplace Paisabazaar, said that lenders have traditionally focused on making offers more attractive during the festive season by offering lower interest rates for a limited period or waiver of processing fees....