Kotak Mahindra Bank has reduced its Home Loan interest rates by a further 15 basis points (bps) to 6.75% p.a. with effect from November 1, 2020. Kotak home loan and balance transfer loans now start at 6.75% p.a., which is one of the lowest rates in the home loan market.
The new normal has changed the functioning of the entire ecosystem. Interest rates at a 15-year low, developers significantly reducing residential property prices and having a ready inventory of ready-to-move-in homes and lower stamp duty. All these factors when taken together make home buying at this point of time extremely attractive.
Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
