Kotak Mahindra Bank Drops Mortgage Interest Rates to 6.50% | Udaipur News | Latest news from Udaipur
Udaipur: The holiday season has started in India and in a move that will cheer consumers in Udaipur, Kotak Mahindra Bank (KMBL) has again cut mortgage rates by an additional 15 basis points (bps) from 6.65% at 6.50% * pa Kotak mortgage interest rates now start at 6.50% * per annum, providing the best value for money buyers in Udaipur. These rates are valid for a limited time until 8e November 2021.
Rates on new home loans and balance transfers now start at 6.50% * pa. This special rate is available for all loan amounts and is linked to the borrower’s credit profile.
Ambuj Chandna, President – Consumer Assets, Kotak Mahindra Bank said, “We are delighted to add to the festive joy of millions of home buyers and help make their dreams of owning their ideal home a reality. . As the world has changed and we spend more time at home, our lifestyles have changed as well. People look for comfortable homes where the whole family can work, play and spend quality time together. Kotak’s incredible 6.50% mortgage interest rate now makes owning your dream home even more affordable.
With this new rate, existing home loan borrowers who pay a higher interest rate on their current home loan can lower their IMEs with incredible savings by transferring their home loan to Kotak Home Loans.
There are a number of reasons this is a good time to buy a home. We spend more time at home and as a result people are looking for bigger and better homes. The need and importance of owning your own home has increased. Developers offer attractive deals to home buyers. To add to that, mortgage interest rates are at their lowest in a decade. All of these factors combined make this the best time to buy the home of your dreams.
In recent months, there has been a significant recovery in the residential real estate market in Udaipur. We are in a buyer’s market with a sufficient supply of ready-made and under-construction properties, coupled with extremely low interest rates on home loans, acting as essential catalysts.
In addition, digital technology has completely transformed the process of sanctioning home loans. With Kotak Digi Home Loans, home loan applicants can now apply for and receive an instant principle sanction letter along with their eligibility for loan amount, loan term, interest rate and EMI in a system of Fully digital end-to-end, paperless and contactless process.
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 online banking.
Consumers can also apply through Kotak bank branches across India. Kotak home loans are available in over 180 cities and towns in India. Go to your nearest Kotak branch in Udaipur to apply for a home loan.
Kotak has a large customer base in Udaipur. Like the 30e In June 2021, Kotak Mahindra Bank’s CASA deposits grew 12% year-on-year in Udaipur, while Total Advances in Udaipur saw 55% year-on-year growth. In Rajasthan, like the 30e As of June 2021, CASA deposits stood at Rs 3,977 crore, growing 32% year-on-year, while total advances stood at Rs 10,563 crore, growing 16% year-on-year. year-over-year.