Kotak Mahindra Bank Announces New Home Loan Interest Rate of 6.55% – Check Details

Kotak Mahindra Bank today announced a new interest rate on home loans of 6.55% per annum. This will be valid from November 9 to December 10, 2021 (both days included).

Kotak Mahindra Bank offers homebuyers one of the lowest interest rates in the market. Earlier in September, the bank kicked off the holiday season by introducing interest rates on home loans starting at 6.50% per annum. This was a limited time holiday season offer that ends today (November 8, 2021).

In a statement, the bank said applicants who received a home loan sanction letter from KMBL before November 8, 2021 can lock in the previous rate from 6.50% per annum if the loan is disbursed within seven next few days, i.e. before 15 November. 2021.

Kotak Home Loan Features

• 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

Commenting on the new rate, Ambuj Chandna, President – Consumer Assets, Kotak Mahindra Bank said, “A little over a year ago, Kotak took the initiative to offer consumers the best interest rates for home loans, making real estate purchases more affordable. More recently, our 60-day holiday special has been deeply appreciated by homebuyers and we have seen very strong demand momentum – both in new cases and balance transfers. .

“We are therefore delighted to extend the good times for borrowers with a new mortgage rate at 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 linked to the borrower’s credit profile, the statement said.