Kotak Mahindra Bank announces new home loan interest rate of 6.55 percent – Check details

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Kotak Mahindra Bank at the moment introduced a brand new dwelling mortgage rate of interest of 6.55% p.a. This will probably be legitimate from ninth November to tenth December, 2021 (each days inclusive).

Kotak Mahindra Financial institution is providing dwelling consumers one of many lowest rates of interest out there. Earlier in September, the financial institution had kick-started the festive season by introducing dwelling mortgage rates of interest starting at 6.50% p.a. It was a restricted interval festive season supply that ends at the moment (eighth November 2021).

In a press release, the financial institution stated that candidates who’ve acquired a house mortgage sanction letter from KMBL by eighth November, 2021 can lock within the earlier price beginning at 6.50% p.a. if the mortgage is disbursed within the subsequent seven days i.e. by fifteenth November, 2021.

Kotak House Mortgage Options

• Beginning at 6.55% p.a. on each Contemporary House Loans and Stability Switch Loans
• Engaging charges for each the salaried and self-employed buyer segments
• Prompt in-principle sanction with Kotak Digi House Loans

Commenting on the brand new price, Ambuj Chandna, President – Shopper Belongings, Kotak Mahindra Financial institution stated, “It was simply over a 12 months in the past that Kotak took the lead in providing customers one of the best dwelling mortgage rates of interest, making dwelling purchases extra inexpensive. Most just lately, our particular 60-day festive season supply has been deeply appreciated by dwelling consumers and we now have seen very sturdy demand momentum – each in contemporary instances and steadiness transfers.”

“We’re, therefore, delighted to increase the nice instances for debtors with a brand new dwelling mortgage price of 6.55%. It is a nice alternative for customers to purchase their dream dwelling now,” he added.

Kotak Mahindra Financial institution’s dwelling mortgage rates of interest now begin at 6.55% p.a. and is relevant for each contemporary dwelling loans and steadiness transfers. This particular price is obtainable throughout all loans quantities and is linked to a borrower’s credit score profile, the assertion stated.