Kotak Mahindra Bank announces new home loan interest rate of 6.55%: Get details here

Kotak Mahindra Bank has announced a new home loan interest rate of 6.55% per annum for limited period between November 9 and December 10, 2021 (both days inclusive). Earlier in September, Kotak Mahindra Bank had introducing home loan interest rates beginning at 6.5% per annum as part of its festive season offering (this offer ended on November 8, 2021).

"Further, applicants who have received a home loan sanction letter from KMBL by 8th November, 2021 can lock in the earlier rate starting at 6.50% p.a. if the loan is disbursed in the next seven days i.e. by 15th November, 2021," stated a press release issued by the bank.

Kotak Mahindra Bank's home loan interest rates now start at 6.55% and is applicable for both fresh home loans and balance transfers. This special rate is available across all loans amounts and is linked to a borrower’s credit profile, stated the press release.

Features of Kotak Home Loans, as per the bank's press release:

• Starting at 6.55% p.a. on both Fresh Home Loans and Balance Transfer Loans
• Attractive rates for both the salaried and self-employed customer segments
• Instant in-principle sanction with Kotak Digi Home Loans

To apply for a Kotak Home Loan online, you can visit the bank's website. Borrowers can also apply through Kotak’s bank branches across India. Kotak Home Loans are available across over 180 cities and towns in India. Existing Kotak customers can also apply through the Kotak mobile banking app or net banking.