KMBL drops home loan interest rates
Hyderabad Kotak Mahindra Bank (KMBL), a leading financial services company, had reduced its home loan rates further by 15 basis points (bps) from 6.65 per cent to 6.50 per cent per annum (p.a.). The banks home loan interest rates now begin at 6.50 per cent p.a. offering the best value to home buyers in Vijayawada.
These rates are valid for a limited period till November 8, 2021. The special rates are available across all loans amounts and is linked to a borrower's credit profile.
Ambuj Chandna, President - Consumer Assets, Kotak Mahindra Bank, said: "People are looking for comfortable residences where the entire family can work, entertain and spend quality time together. Kotak's incredible 6.50 per cent home loan interest rate now makes owning one's dream home even more affordable."
With this new rate, existing home loan borrowers who are paying a higher interest rate on their current home loan, can lower their EMIs with unbelievable savings by shifting their home loan to Kotak Home Loans.