Kotak Mahindra Bank launches home loans with interest rate starting 6.55%, BFSI News, ET BFSI

Kotak Mahindra Bank today announced a new home loan interest rate of 6.55% p.a., which. The interest rate is valid from Tuesday to 10th December, both days inclusive, and is applicable for fresh loans and balance transfers.

It is available across all loan amounts and is linked to a borrower’s credit profile.

Further, applicants who have received a home loan sanction letter from the bank by today 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 November 15.

Earlier in September, the bank had introduced home loan interest rates beginning 6.50% p.a. – a festive season offer that ends today.