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Kotak Bank Drops Home Loan Interest to 6.5% for Two Months

Limited Period Festive Season Offer Begins On Sept 10

Kotak Mahindra Bank has reduced interest rates on home loans by a further 15 basis points from 6.65% to 6.5% per annum. It is a limited period festive season offer from September 10 to November 8. 

Rates for both fresh home loans and balance transfers now start at 6.5% and will be applicable to both salaried and self-employed customer segments. This special rate is available across all loan amounts and is linked to a borrower’s credit profile.

With Kotak Digi Home Loans, applicants can now apply for and receive an instant in-principle sanction letter along with loan amount eligibility, tenure, interest rate and EMI in an end-to-end fully digital, paperless and contactless process.

Ambuj Chandna, President, Consumer Assets, KMB, said, “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 6.5% home loan interest rate now makes owning one’s dream home even more affordable.”

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