The festive season has begun in India and in a move that will cheer consumers in Lucknow, Kotak Mahindra Bank (KMBL) has reduced its home loan rates once again by a further 15 basis points (bps) from 6.65 per cent to 6.50 per cent per annum. Kotak home loan interest rates now begin at 6.50 per cent per annum, offering the best value to home buyers in Lucknow. These rates are valid for a limited period till November 8, 2021.
This special rate is available across all loan amounts and is linked to a borrower’s credit profile.
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.
To apply for a Kotak Home Loan online, please visit Kotak Home Loans. Existing Kotak customers can also apply through the Kotak mobile banking app or net banking.