As the festive season begins, major public sector banks like State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda (BOB) have announced a special ₹1 lakh festive credit offer scheme to make shopping and celebrations easier for their customers this Dhanteras. This move aims to provide quick, hassle-free funds to account holders without lengthy paperwork or collateral requirements.
💰 What Is the ₹1 Lakh Festive Credit Offer?
Under this initiative, eligible customers of SBI, PNB, and BOB can instantly avail up to ₹1 lakh in credit directly through their bank app, ATM, or nearest branch. The loan is pre-approved for selected account holders based on their transaction history and credit profile.
This festive credit can be used for:
- Buying gold, silver, or jewelry on Dhanteras
- Purchasing electronics, home appliances, or festive gifts
- Managing travel and family celebration expenses
🏦 Eligibility Criteria
To be eligible for this special credit offer:
- You must have a savings or salary account with SBI, PNB, or BOB.
- The account should be active for at least 12 months.
- Regular transaction and good repayment history improve chances of pre-approval.
- Credit score above 700 is preferred for instant disbursement.
⚡ How to Apply
You can apply for the ₹1 lakh festive credit in three easy ways:
- Through Internet Banking or Mobile App
- Log in to the official app of SBI, PNB, or BOB.
- Go to “Personal Loans” or “Festive Offers” section.
- Check pre-approved limit and confirm to avail funds instantly.
- Via ATM
- Visit any SBI/PNB/BOB ATM.
- Select “Loans” → “Pre-Approved Loan” → “Festive Offer.”
- Enter OTP and receive funds directly in your account.
- At Your Nearest Branch
- Carry your valid ID proof and account details.
- Request for the Festive Instant Credit Scheme.
- Funds will be credited the same day upon verification.
📅 Interest Rate & Repayment
- Interest Rate: Starts from 9.50% per annum (varies by bank).
- Tenure: Flexible repayment from 6 to 24 months.
- Processing Fee: Nil or minimal, depending on the bank’s festive policy.
- Prepayment: Allowed anytime without extra charges.
🎉 Why This Scheme Is Beneficial
- Instant approval and zero collateral.
- Easy EMIs starting from just ₹500 per month.
- Perfect for festive shopping and short-term financial needs.
- Helps maintain liquidity without using savings.
🪔 Final Thoughts
This Dhanteras 2025, public sector banks are bringing smiles to millions of families with their ₹1 lakh Festive Credit offer. If you’re an SBI, PNB, or BOB customer, this is the right time to check your eligibility and make your festive shopping easier and stress-free.
Disclaimer:
The details mentioned above are based on preliminary bank announcements and public data available as of October 2025. Customers are advised to verify the exact terms, interest rates, and eligibility directly with their respective banks before applying.
