Kotak Mahindra Bank Ltd (KMBL) today kick-started the festive season by announcing that it has reduced its Home Loan interest rates yet again by a further 15 basis points (bps) from 6.65% to 6.50%* p.a. This special rate of 6.50%* p.a. is a limited period festive season offer beginning 10th September and ending 8th November 2021. With this, KMBL continues to offer one of the most competitive rates in the home loan industry.
Rates for both fresh home loans and balance transfers now start at 6.50%* p.a., offering the best value to home buyers. This special rate is available across all loans amounts and is linked to a borrower's credit profile.
Ambuj Chandna, President - Consumer Assets, Kotak Mahindra Bank said, "We are delighted to add to the festive cheer for millions of home buyers and help make their dream of owning their ideal home a reality. As the world has changed and we are spending more time at home, our lifestyles have also evolved. People are looking for comfortable residences where the entire family can work, entertain and spend quality time together. Kotak's incredible 6.50% home loan interest rate now makes owning one's dream home even more affordable."
Further, digital has completely transformed the home loan sanction process. With Kotak Digi Home Loans, home loan applicants can now apply for and receive an instant in-principle sanction letter along with their loan amount eligibility, the tenure of the loan, interest rate and EMI in an end-to-end fully digital, paperless and contactless process.
Features of Kotak Home Loans:
- Starting at 6.50%* p.a. on both Fresh Home Loans and Balance Transfer Loans
- Attractive rates for both the salaried and self-employed customer segments
- Instant in-principle sanction with Kotak Digi Home Loans
To apply for a Kotak Home Loan online, please visit Kotak Home Loans. Consumers can also apply through Kotak's bank branches across India. Kotak Home Loans are available across over 100 cities and towns in India. Existing Kotak customers can also apply through the Kotak mobile banking app or net banking.
For details on Kotak home loan rates, click here. Kotak Home Loans are linked to an external benchmark i.e. RBI's policy repo rate.
Shares of Kotak Mahindra Bank Ltd. was last trading in BSE at Rs. 1817.85 as compared to the previous close of Rs. 1817.9. The total number of shares traded during the day was 141732 in over 9543 trades.
The stock hit an intraday high of Rs. 1841.65 and intraday low of 1806.6. The net turnover during the day was Rs. 258883397.
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