Cheapest Home Loan Offer: If you are looking for a cheap homeland, then Kotak can take advantage of the special offer of Mahindra Bank. Kotak Bank has decided to continue with the Consensual Home Loan Rate. Kotak Mahindra Bank, the leading private sector bank, had earlier announced a reduction in home loan interest rates by 10 basis points (bps) from March 1 to March 31. After this deduction, the interest rate of home loan has come down to 6.65 percent. Now this offer continues after 31 March. Kotak Bank claims that this offer is the cheapest in the home loan market.
Credit score will be important
This offer of Kotak Bank is applicable in all loan accounts. These home loan rates will be linked to the credit score and loan to value ratio of the customers. This rate will be applicable on home loan and balance transfer loan. Both the job and self-employed can take advantage of this offer. It is one of the cheapest home loan offers in its segment. Applying through Kotak Digi Home Loans to take a home loan, the processing time will also be very short.
SBI revised rates
Explain that a similar offer was also given by SBI in March and announced a special interest rate of 6.65 percent on home loans. But SBI has revised the interest rates from 31 March. From April 1, the interest rate on homelone has been increased from 6.70 percent to 6.95 percent. In such a situation, the offer of Kotak Mahindra Bank has become attractive from SBI.
What to say about the bank
Ambuj Chandna, President (Consumer Assets), Kotak Mahindra Bank, says that there has been a spurt in the sale of homes in recent months. We hope that this trend will continue even further, because people are eager to live in their homes and work from there. In such a situation, we have decided to provide cheaper loans to home buyers. Our home loan interest rate starts at 6.65 percent. We also see this as a great opportunity to build a quality home loan book. Kotak Mahindra Bank’s home loan and loan against property (LAP) book till December 31 was Rs 49,977 crore.