Kotak Mahindra Bank Ltd has recently announced that home loan borrowers will continue to enjoy its special interest rate of 6.65% per annum. This incredibly low interest rate is applicable across all loan amounts. Both fresh home loan applicants and balance transfer cases are eligible for interest rates beginning at 6.65% per annum. Interest rates, however, are linked to borrowers’ credit score and the Loan to Value (LTV) ratio.
Commenting on the same, Ambuj Chandna, President – Consumer Assets, Kotak Mahindra Bank, stated, “Buoyed by the convergence of a number of factors, not the least of which was a steep drop in home loan interest rates, the industry has witnessed a healthy growth in home sales in recent months. We expect this trend to continue with consumers keen to purchase and live & work in their own homes. We would like to assure home buyers that Kotak stands by them and our home loan rate continues unchanged at 6.65% p.a. We also see this as a great opportunity to build a quality home loan book.”
Features of Kotak Home Loans:
- Starting at 6.65% p.a. on Home Loans and Balance Transfer Loans
- 65% p.a. interest rate is applicable on all loan amounts
- Attractive rates for both the salaried and self-employed customer segments
- Instant In-Principle Sanction on Kotak Digi Home Loans