# Mint: Festive loan offers: look beyond advertised benefits

**Published in Mint Money (Print & LiveMint)**  
*By Ananya Grover · Thursday, 29th October 2026 · Page 13*  
*Quoting Mangesh Zope, Founder of Peaceful Loans*

- **LiveMint Free Gift Article:** [Read on LiveMint (Complimentary Access)](https://www.livemint.com/money/personal-finance/festive-loan-offers-home-loan-car-loan-interest-rates-11793173523456.html?giftCode=24-d10eb016f11&openApp=false)

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## Quotes & Highlights from Mangesh Zope in Mint

> **"Bank of Baroda raised its rates after the RBI’s announcement but cut them by 5bps from 10 October, said Mangesh Zope, founder of Peaceful Loans."**
> 
> *In response to Mint’s questions, the bank said its festive campaign offers home loans starting at 7.40% a year, quick sanctions and a full processing-fee waiver until 31 October. Women get an additional 5bps discount, while eligible borrowers under 40, salary-account holders, qualifying high-net-worth individuals and Baroda Radiance customers get 10bps off.*

> **"Zope said processing-fee waivers are useful for affordable housing loans. Bigger home-loan borrowers often seek full or partial refunds from banks or cashback from agents, even outside the festive season. A fee waiver lowers upfront costs, but a slightly lower interest rate could deliver greater long-term savings..."**

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## One-Time Fee Waiver vs. 10 bps Rate Reduction (20-Year Tenure)

| Loan Amount | Typical Processing Fee Waived | 10 bps Rate Cut Monthly EMI Saving | Total Interest Saved (20 Years) | Advantage of Rate Cut |
| :--- | :--- | :--- | :--- | :--- |
| **₹50 Lakh** | ₹12,500 – ₹25,000 | ₹316 / month | **₹75,825** | **3x to 6x** fee waiver |
| **₹1 Crore** | ₹25,000 (often capped) | ₹632 / month | **₹1,51,650** | **6x** fee waiver |
| **₹2 Crore** | ₹25,000 (PSU bank cap) | ₹1,264 / month | **₹3,03,300** | **12x** fee waiver |