Shopping this Diwali: A boon to the consumers

With the biggest Indian festival just round the corner, the consumer is flooded with attractive offers from various brands to woo him. Here are some of the best ones. The list of what ,where and how to buy this diwali:

In the auto market, the manufacturers are offering discounts in the range of  Rs 50,000 on select cars. Added to this is the attractive loan rate offers from various banks. A Skoda Fabia is costing you Rs50,000 less than the same time last year and a Hyundai Sonata would end up making a saving of Rs35,000 for you. As far as the car loan rates are concerned, as usual SBI leads the race with as low as 8.5% while ICICI and HDFC hover around the 11% mark.

Moving on to the consumer electronics, the market is flooded with discounts and offers of gifts and other attractions. Samsung is giving out 22-inch LCD TV free with every purchase of 40 or above inch LCD TVs.Companies such as Sony, Samsung, LG and Voltas are offering interest-free finance schemes, some even translating into zero downpayment and processing fee. If you turn to the newspapers, it is full of offers from all major retailers with their offers.

House buyers are also in for some good news. In case you have zero’ed in for the house, the banks are offering attractive teaser rates for initial years with some lenders giving an option to shift to either fixed or floating rates in subsequent years. Please bear in mind that the loan rates are a must to go up subsequently but we can at least save some money in the initial years. And the concept of processing fees has been waived off by majority of the banks.

Going to mobile segment, Nokia offers gifts upto Rs1,00,000 on purchase of mobiles and attractive gifts such as reebok sunglasses worth Rs5,000 and reebok bags and many other assured gifts on select models. Retailers are not far behind. Univercell, a prominent brand in Tamil Nadu is offering attractive discounts and also 5% cash back on purchases made with a HDFC credit card. The Mobile store has come up with a money back scratch card for all brands except Nokia , by which you stand to win upto 55% of your mobile cash back.

With such huge offers pouring in, cosumers need to observe some restraint and spend some time researching on various topics using internet and calling the respective stores in order to figure out the real offers from the fake ones and get benefitted. Happy shopping Diwali!!

You may be interested in these articles:

• Changed rates for sms on Diwali: Money minting idea


• Dual-rate Housing loans: The next thing in the housing loan sector


• The boon of part-prepayment of housing loan


• ICICI, Kotak Mahindra to follow SBI, HDFC’s footsteps


• Housing loan approval gets tougher: Be prepared for lesser amout

3 Comments

chetan October 12, 2009

People always welcome receiving gifts and when it comes from their dear ones, it escalates their level of happiness. So infuse all your creativity skills while selecting gifts for your dear ones on Diwali. Likes, dislikes, age and many such other factors should be highly taken into account while choosing the present.
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chetan October 12, 2009

Household gifts like gadgets, chinaware along with the apparels, paintings, crackers, candles, books also enjoy great utility value. As the festival connotes with the enrich traditional values various pooja items like pooja thali, diyas, gold gifts, office stationary are also gaining immense popularity.
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Mouly October 12, 2009

Nice article Natraj, also i saw some of the daily offers here.
for pondicherry consumers – http://www.way2offer.com/pondicherry/index.php
similarly u hav for chennai n bglore i guess.
do u know any other web startups or sites who post daily offers like this. i know some sites like deals2buy.com which they put daily deals. is thr anything available for chennai?
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