Home loans interest rates drop alert! Kotak Mahindra Bank slashes rate to 6.9%

In a good news for prospective home buyers, Kotak Mahindra Bank on Thursday announced that it has reduced its rate on Home Loans by a further 10 basis points (bps) to 6.9%* p.a. with effect from 21st October, 2020. Kotak Mahindra Bank in a statement said, "Consumers can avail Kotak’s festive season bonanza, the 2020 edition of Khushi Ka Season with home loans and balance transfer loans starting at 6.9%* p.a."

Features of Kotak Home Loans:

- Starting at 6.9%* p.a. on Home Loans and Balance Transfer Loans

- Savings of up to Rs.20 lakh on Balance Transfer cases

- Quick online sanction with Kotak Digi Home Loans in less than 48 hours and easy documentation

Kotak Home Loans are linked to an external benchmark i.e. RBI’s policy repo rate.

On 16th October, 2020, Kotak announced the launch of its 2020 edition of Khushi Ka Season as it kicked-off the festive season with a bouquet of offerings for its customers including attractive loan rates, processing fee waivers and quick online loan approvals on a range of retail and agri loan segments.
Khushi Ka Season also provides special offers on Savings Accounts, Debit & Credit Cards, No-Cost EMIs; Tie-ups with Amazon.in and Flipkart for Kotak Debit & Credit cardholders; and 100+ brand offers across categories.