Kotak Mahindra Bank Announces New 6.55% Mortgage Interest Rate – See Details

Kotak Mahindra Bank today announced a new mortgage interest rate of 6.55% pa. It will be valid from November 9 to December 10, 2021 (both days included).

Kotak Mahindra Bank offers home buyers one of the lowest interest rates on the market. Earlier in September, the bank kicked off the holiday season by introducing interest rates on home loans from 6.50% pa.

In a statement, the bank said applicants who received a mortgage sanction letter from the KMBL before November 8, 2021 can lock in the earlier rate from 6.50% pa if the loan is disbursed within seven. next days, that is, before November 15, 2021.

Features of the Kotak mortgage loan

• From 6.55% pa on Fee Home Loans and Balance Transfer Loans
• Attractive rates for both employee and self-employed customer segments
• Instant Principle Penalty with Kotak Digi Home Loans

Commenting on the new rate, Ambuj Chandna, President – Consumer Assets, Kotak Mahindra Bank said, “Just over a year ago, Kotak took the lead in offering consumers the best interest rates for loans. real estate, making home purchases more affordable. More recently, our 60-day holiday season special was very popular with homebuyers and we have seen very strong demand momentum, both for new cases and balance transfers. .

“We are therefore delighted to extend the good times of borrowers with a new mortgage rate of 6.55%. This is a great opportunity for consumers to buy their dream home now, ”he added.

Kotak Mahindra Bank home loan interest rates now start at 6.55% per annum and apply to both new home loans and balance transfers. This special rate is available for all loan amounts and is tied to the borrower’s credit profile, the statement said.