Home Loan Interest Rate: The bank has increased the interest rates of home loans. Home loan interest rates in Kotak Mahindra Bank will start from 6.55 percent. The new home loan interest rates will be applicable from November 9 to December 10, 2021.
There is important news for home loan borrowers. Kotak Mahindra Bank has announced a hike in home loan interest rates as soon as the festive offer ends. The bank has increased the interest rates of home loans by 5 basis points i.e. 0.05 percent. After this, now the home loan interest rates in Kotak Mahindra Bank will start from 6.55 percent. Let us tell you that the new interest rates for home loans will be applicable from November 9 to December 10, 2021.
Bank gave information
The bank has issued a statement for this. In this the bank has said, ‘Earlier in September, Kotak Mahindra Bank Limited started the festive season by introducing home loan interest rates starting from 6.50 per cent per annum. A limited period festive season offer that ends today, 8th November 2021. For applicants whose loans have been approved by the bank by November 8, 2021 and will be disbursed for the next seven days i.e. by November 15, 2021, the interest rates will remain 6.50 per cent.
Great home buying opportunity
Ambuj Chandana, President – Consumer Asset, Kotak Mahindra Bank said, “Recently our special 60 day festive season offer has been highly appreciated by home buyers and we have seen very strong demand, both in new cases and balance transfers. Hence, we are happy to extend the good times to borrowers with the new home loan rate of 6.55 per cent. This is a great opportunity for the customers to buy their dream home now.
Customers will get benefit
The new interest rate from Kotak Mahindra Bank is applicable on balance transfer loans as well. Let us tell you that there is no limit on the loan amount that can be borrowed under this interest rate and it is available for both salaried and self-employed professionals. That is, any eligible customer can take a loan here. The final rate a customer gets will depend on his credit score.
