“In addition, applicants who received a home loan sanction letter from KMBL before November 8, 2021 may lock in the prior rate starting at 6.50% per annum if the loan is disbursed within seven days thereafter. that is, before November 15, 2021,” said a press release issued by the bank.
Interest rates on Kotak Mahindra Bank home loans now start at 6.55% 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 press release said.
Features of Kotak home loans, according to the bank’s press release:
- Starting at 6.55% per annum on new home loans and balance transfer loans
- Attractive rates for salaried and self-employed customer segments
- Instant Principal Sanction with Kotak Digi Home Loans
To apply for a Kotak home loan online, you can visit the bank’s website. Borrowers can also apply through Kotak bank branches across India. Kotak home loans are available in over 180 cities and towns in India. Existing Kotak customers can also apply through the Kotak mobile banking app or online banking.