Kotak Mahindra Bank Slashes Home Loan Interest Rates to 6.5% for next 60 days

Updated on: 14 Dec 2021 // 7 min read // #mmm news
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Good news for home loan customers! Ahead of festival season, Kotak Mahindra Bank has slashed home loan interest rate and announced the lowest ever interest rate for home loan customers starting at 6.50% p.a. 

In a press statement, Kotak bank on Thursday shared its latest offering for home loan customers. Kotak housing loan interest rates for new as well as balance transfer customers will now begin from 6.50 p.a for next sixty days, effective from September 1, 2021 to November 8, 2021.

The statement said: “Rates for both fresh home loans and balance transfers now start at 6.50% p.a., offering the best value to home buyers. This special rate is available across all loans amounts and is linked to a borrower's credit profile.”

The lowest EMI for Kotak home loan will now be Rs 746 per lakh. Currently, home loan rates are the lowest ever in the last 15 years. Kotak bank has been constantly leading the lending ecosystem with the lowest rate and customer-friendly terms. 

kotak home loan interest rate

Highlights of Kotak Mahindra Home Loan

  • Home Loans at the lowest interest rate starting from 6.50 p.a.
  • Both salaried and self-employed can apply online or offline as per their choice.
  • Enjoy 100% processing fee waiver for online applications.
  • Avail of extended loan tenure of 20 years.
  • Attractive offers for balance transfer customers.
  • Repayment flexibility, OD & Top Up available.
  • Minimal documentation.
  • Customer-friendly terms & conditions.
  • Fast processing & doorstep service, as desired.

Let’s take a look at top 10 homeloan interest rates in September 2021:

Kotak Mahindra Home Loan6.50% onwards
State Bank of India Home Loan6.75- 8.50% 
HDFC Ltd Home Loan 6.75- 7.65%
ICICI Bank Home Loan 6.75%-7.55%
Bank of Baroda Home Loan6.75- 8.60% 
Union Bank of India Home Loan6.80- 7. 40%
Tata Capital Home Loans6.70 % onwards
PNB 6.80- 9.00%
Axis Bank Home Loans6.90% -8.55%
IDFC First Home Loan 6.90 onwards

Click Here to Apply for Kotak Home Loans Starting @ 6.5% only.