How to be a strategic shopper this festive season?
27 October, 2023
Now that the festive sales are out, and they are screaming discounts, it’s almost impossible to resist indulging in a little therapeutic shopping. And why shouldn't you? The Indian festival season is an auspicious time to make big-ticket purchases such as electronics, home furnishing, gold and other luxuries. Especially now that things are better compared to last year, and with all the upcoming family get-togethers, shopping in the festive season is a must! Below are smart shopping tips to maximise your festive season savings.
To help you bag the best deals on everything that catches your eye, HDFC Bank Festive Treats offers a wide range of discounts and financing options. From lifestyle goods to electronics, you can avail attractive discounts and instant funding through HDFC Bank and prepare for this exciting season. And to go easy on your bank account without compromising on your shopping list, the following festive season shopping tips can be helpful.
Make a budget and stick to it
It often happens that when you begin shopping without a plan, especially during sales, you end up overspending and buying unnecessary things. To avoid impulsive purchases and the bitter aftertaste of large expenses, set a budget.
Prepare a list of the items you need or want to purchase, along with a rough estimate of how much you want to or can afford to spend on these; and refer to it while shopping. It also helps to set aside a budget for any last-minute purchases; this way you won’t feel restrained or stressed about additional spending.
Get the timing right
One of the most important festive shopping strategies include timing your big ticker purchases. Postponing your purchases by thinking that the prices might reduce towards the end of the sale season can sometimes backfire. Also, you may lose your chance to buy some of the items you had your heart set on. If fact, getting started on your shopping list early may actually get you some good offers. You might get to be an early bird and cash in on the festival sales as they kick-off. Whether you are shopping online or at physical stores, plan ahead and time your purchases to get a bang out of your buck!
For instance, you can enjoy up to ₹1,500 worth voucher, 24x7 offers on retail spends and more. You can even make the most of EasyEMI, SmartPay and PayZapp offers when getting ready for the festive season (T&C apply). Know more about the benefits of having a Credit Card.
Compare prices before making purchases
One of the secrets of shopping wisely is to compare prices before making any purchases. Especially during festive sales, you may be bombarded with numerous deals. But it is important to avoid settling for the very first deal you come across; instead, compare prices offered by sellers, both online and offline and then choose the best one. For instance, if you are looking to buy a smartphone, washing machine or anything else, check e-commerce sites like HDFC Bank SmartBuy and compare prices of electronics from various sellers before making your buy.
It is also essential to ensure that the discounts are legit by looking up the original price of the product. Sometimes having no reference point can make you believe that you’re getting a great deal on a product even though the product is available at pretty much the same price throughout the year. So, whether you are leveraging the reduced prices of an offline or online sale, keep your eyes on the prices and shop smartly!
Leverage online shopping features
The best part about online shopping is the return/exchange policies, and exciting bank offers such as discounts, CashBack and gifts on specific websites. Another beneficial feature is ‘save for later’ or ‘add to wishlist’ option. When you save an item for a future purchase, the website or app will acknowledge that you’re interested in purchasing them, and it just might be possible to get an additional discount coupon on it. Or you will be notified about the best deals on those products. Rely on HDFC Bank Festive Treats to enjoy exciting shopping discounts this festive season:
To add to your festive excitement, HDFC Bank has a list of offers up for grabs:
Instant savings up to ₹10,000 on various Apple products with HDFC Bank Credit Cards and EasyEMI (T&C apply).
Up to ₹12,000 cashback on Samsung Mobile with HDFC Bank Credit Cards, EasyEMI and Consumer Loans (T&C apply).
Up to ₹12,000 cashback at Nikon, on select Cameras and accessories with HDFC Bank Cards and EasyEMI on Debit/Credit Cards (T&C apply).
Up to 10% CashBack on HDFC Bank Credit Cards and EasyEMI across brands like US Polo Assn, Stride, Club A, Megamart, Arrow, Flying Machine, Calvin Klein, Tommy Hilfiger, Homecentre, Lifestyle, Fastrack, Titan and more (T&C apply).
Take advantage of attractive loan terms
Revamp your home with new furnishing and home decor by availing a Personal Loan from HDFC Bank and get interest rates 10.50% onwards, loan in 10 seconds for select customers, collateral free loan up to ₹40 lakh, minimum documentation, flexible tenure from 12-60 months and more. (T&C apply. Credit at sole discretion of HDFC Bank).
This festive season can also be one of the best times to purchase your dream car or bike. You can opt for an Xpress Car Loans with interest rates starting from 8.80% p.a.* for new cars and 11.25% p.a.* for pre-owned cars. You can also enjoy features like flexible tenures, pocket-friendly EMIs and zero foreclosure charges, among others (T&C apply).
If you’re falling short on funds to finance your festive season expenses, our various financing options can be a quick fix.
Gold Loans with attractive interest rates, 50% on processing fee and overdraft and balance transfer facility available.
Loan Against Securities starting at 10.75% p.a. interest rates and flat processing fee of ₹999 + taxes.
Loan Against Property with loan tenure of up to 15 years with flexible repayment terms and dropline overdraft available.
Loan on Credit Cards with 50% off on processing fees, zero documentation and instant disbursal.
By following the above tips, you can buy gifts for yourself and your loved ones without having to trim down your shopping list. A long shopping list not only puts a smile on your loved one’s face, but it also brings joy to a business owner. Shop to your heart’s content and make this upcoming festive season brighter than ever before! And with HDFC Bank Festive Treats, anyone can be a smart, strategic shopper.
*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Interest rates are subject to change. Please check with your RM or closest bank branch for current interest rates.