Shopping increases during the festive season and people also take loans for large value purchases. In view of this, Kotak Mahindra Group (Kotak) has launched the 2020 edition of Khushi Ka Season. Under this, the bank has made several offers. The bank is offering attractive rates of loans for many types of retail businesses and farming and no processing fee will be levied. Apart from this, online loan application will also be accepted as soon as possible.
Offering home loan rate equal to SBI
According to the statement issued by Kotak, Kotak Mahindra Bank is providing home loan to its customers at the rate of 7 percent. This home loan rate of Kotak Bank is equal to the home loan rate offered by State Bank of India. Currently, SBI is charging 7 percent interest for home loans. There is 0.05 percent relief on this for women and they are being provided home loan at the rate of 6.95 percent. Apart from this, no processing fee is being taken for loans for cars, two-wheelers, loans for agricultural business, etc.
Increased trust of consumers
On the launch of the festive offer, Shanti Ekambaram, Group President, Consumer Banking, Kotak Mahindra, said that the Indian economy is slowly moving towards normalcy. Apart from this, he said that there have been early signs of increasing consumer confidence and demand. Now the demand of consumers is increasing and their trust is also increasing. Ekambaram said that the bank’s festive offer is for one month and this will solve problems related to customers’ debt to shopping payments and savings.
Tieup with over 100 brands
Kotak Bank is also offering offers to its customers for saving accounts, debit-credit cards and no cost EMAE payments. Kotak has offered this offer in association with leading e-commerce companies like Amazon and Flipcort for their offers. This offer will be available for Kotak debit and credit cardholders. Kotak has offered attractive deals on payments through its debit-credit card and net banking and mobile banking channels. For this, he has tieup with more than 100 brands.
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