Kotak Launches Digi Home Loans

Kotak Mahindra Bank (Kotak) today further sharpened its digital edge by announcing the launch of Kotak Digi Home Loans. With a completely online sanction journey, consumers can apply, submit documents and get their home loans sanctioned in less than 48 hours. Both existing and new Kotak customers can apply for a home loan through the Kotak Digi Home Loans facility.

The Kotak Digi Home Loans facility is available for all new home loans and balance transfer cases as well as for different customer segments including salaried, self-employed entrepreneurs and self-employed professionals.

The application process for Kotak Digi Home Loans is intuitive and simple. Applicants have to enter a few personal and property details on the home loan application page on www.kotak.com. Thereafter, a dedicated relationship manager will guide the applicant through the easy online process. On submitting the digital application form and the relevant documents online, the loan is processed and sanctioned within 48 hours.

Ambuj Chandna, President - Consumer Assets, Kotak Mahindra Bank said, "In the new normal, banking from home has gained significant traction, with customers appreciating the ease, convenience and, above all, the contactless nature of banking. As a digital-first bank, our aim is to ensure that customers can bank effortlessly and securely from the comfort of their homes. With this in mind, we are delighted to announce the launch of Kotak Digi Home Loans - a completely online sanction process through which customers can own their dream home in just a few clicks, in a secure and zero-contact manner."

Shares of KOTAK MAHINDRA BANK LTD. was last trading in BSE at Rs.1304.85 as compared to the previous close of Rs. 1330. The total number of shares traded during the day was 226619 in over 8295 trades.

The stock hit an intraday high of Rs. 1345.5 and intraday low of 1300.2. The net turnover during the day was Rs. 300042675.

Source : Equity Bulls

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