Kotak Mahindra Bank has reduced the home loan interest rate further. You can take advantage of this online. You can apply for this online through Kotak Digi Home Loan.
If you are planning to buy a house, then this news is especially for you. Kotak Mahindra Bank has cut interest rates, after which the home loan of Kotak Mahindra Bank has become cheaper than SBI. He has named this interest rate as Unbelievable Low Home Loan. For the first time, private banks are leaving behind the public sector banks in the interest rate.
Dream of buying a house will be fulfilled (Dream of a house will be fulfilled)
Kotak Mahindra Bank has further cut its interest rates. It is offering home loans at the rate of only 6.75 percent, which is the cheapest. Home loan can be applied through Kotak Digi Home Loan feature on the digital platform of Kotak Mahindra Bank. Information about how much interest rate will be on many loans will also be found online.
Home loan cheaper than SBI
The interest rate of this bank is also cheaper than SBI. SBI is offering home loans at the rate of 6.8 percent whereas Kotak Mahindra Bank is saying that it will give home loans at the rate of 6.75 percent. The facility of cheap home loan is for both new and existing customers. Kotak Digi Home Loan does a credit evaluation online and the applicant gets information about how much Amount loan he can get according to his credit. Apart from this, information about the loan interest rate, loan term and EMI is given.
Home loan interest rate 6.75 to 7.30% (Home loan interest rate 6.75 to 7.30%)
The bank’s joint president Elizabeth Venkatraman said that the dream of many of those who bought the house could not be fulfilled. But now people will get home loans at a lower rate of interest of Kotak Mahindra Bank and at a cheaper rate.
Because of Corona, people want their own house. The home loan interest rate of the banking industry in the country currently ranges from 6.75 to 7.30%. However, NBFCs or housing finance companies are offering home loans even less. Godrej Housing Finance has started home loans at the rate of 6.69%.