New Delhi: Kotak Mahindra Bank (Kodak) on Thursday cut the mortgage rate by 10 basis points (PPS) to 6.9 per cent with effect from October 21, 2020.
“Consumers can get Kotak’s festive season bonus starting at 6.9 per cent with home loans and balance sheet loans for the 2020 Kushi Ka season,” the bank said in a statement.
Kotak home loans are linked to an external criterion, namely the Reserve Bank’s policy repo rate.
The main features of Kottak Mortgages are:
Starting at 6.9 per cent on home loans and balance sheet loans
Savings up to Rs 20 lakh in balance transfer cases
Quick online approval and easy documentation with Kotak Digi home loans within 48 hours
On October 16, 2020, Kotak announced the launch of its 2020 edition of the Kushi Ka season, kicking off the festive season, offering its customers a number of offers, including attractive loan rates, processing fee discounts and quick online loan approvals. Of the retail and agricultural credit segments.
Kushi Ka also offers special offers on season savings accounts, debit and credit cards, and no-cost EMIs; Links with Amazon.in and Flipkart for Kotak Debit and Credit Cardholders; And more than 100 brand offers in categories.