Kotak Mahindra Bank is the leading banking institutions to provide financial facilities to its customers. The bank on 13 October ’17 has come up with the festive offers. Good news is for the loan availers as the bank is offering waivers on processing fees & rate cut in the interest rates of home loan & personal loan. Best thing about the offer is that not only waivers but the bank will also give travel and shopping vouchers.
Kotak Mahindra Bank Home Loan is being offered at 8.35% per annum during the ‘Kona Kona Utsav’. This rate of interest at home loans is just for a limited period. So the borrowers who want to get home loans from Kotak Mahindra has got the golden chance to do so before 31st December,2017.
Also, 50 % of the processing fee will be waived on loans till December 31, 2017 along with a zero-balance savings account.
Discount vouchers worth up to ₹ 15000/- from Club Mahindra, Musafir.com, Myntra and ShoppersStop.com are offered for each customer availing a new loan product through any of Kotak bank branches or opening a new Savings Account or Current Account.
Not just home loans but the offers are also provided on Kotak Mahindra Bank Business Loan, Personal loan, Gold loans, Working Capital loans & loan against securities.
Business Loan Interest rates have been cut down to 1% lower than the rack rate. Don’t worry because 25% processing fees will be waived off additionally.
Gold loans by the bank will attract 11% interest rate at zero processing fees with 50% foreclosure charges post 6 months of loan completion.
Loan against securities comes with a special rate of 9.50 percent p.a. with processing fee of Rs 999 where 100% processing fees is waived for privy and wealth customers.
Kotak Mahindra Bank Personal Loan is no behind. The bank is offering personal loan at 10.99% p.a exclusively during festive season with 0.99% processing fees.
Loan against property at 25% p.a & working capital loan with balance transfer up to 1.5% lower than the interest rates on existing cash credit / overdraft (MCLR) rates.
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