On account of Diwali festival, banks like OBC and IDBI have announced their new scheme of low interest loans for buying brand new cars, motorbikes, washing machines, refrigerator, LCD TV any many more home appliances. Looking at this, the State bank of India is also offering similar schemes to its customers. The central government has allotted more funds for the private banks. This in turn is to facilitate the public with low interest loans. As a result, the public is benefitted to a great extent.