If you are planning to buy a dream house in India, you can get a Kotak home loan. This home loan from Kotak Mahindra Bank offers a 6.50% p.a. interest rate and is available in more than 100 Indian cities. This home loan also offers insurance coverage for your property, a balance transfer facility, and interest rates up to 6.50% lower than other banks.
Kotak Mahindra Bank offers a 6.50% p.a. home loan interest rate
If you’re thinking about acquiring a home loan but aren’t sure what to do, Kotak Mahindra Bank has a solution for you. The bank is offering home loans with interest rates ranging from 6.50% to 8.35% per annum for the months of November 9 to December 10, 2021. The bank also offers balance transfer options to reduce extra interest repayments.
To celebrate the festive season, Kotak Mahindra Bank has reduced its home loan interest rates by 15 bps. The new home loan interest rate is 6.50 percent per annum, which is a five-year low compared to the previous rate of 6.65 percent. The new rate is available for home loans and balance transfers for a limited time only.
Apart from home loans, the bank offers home improvement loans with low-interest rates. You can apply for a home loan online or visit a branch. The bank offers zero processing fees to online customers and offers different loan schemes for various purposes. Kotak Mahindra Bank also offers a PMAY interest subsidy for home loan applicants belonging to EWS, LIG, and MIG categories.
It is available across over 100 cities and towns in India
The bank’s home loan interest rate is now 6.50 percent, making a dream home affordable. Applicants can get the policy sanction letter instantly via Kotak Digi Home Loan. The process is 100% digital, paperless, and contactless. As part of its commitment to providing customers with the best home loan experience, the bank is providing these services across 100 cities and towns in India.
Kotak Home Loan for Your Dream House is a home loan that is available across over 100 cities and towns in the country. This home loan is available online or through the mobile banking app of Kotak Mahindra Bank. The bank has branches in more than 100 cities and towns throughout India. The bank offers low-interest rates for its home loan, and it is one of the leading private lenders in the country.
It offers a balance transfer facility
If you have been planning to buy a dream home, you can now take up a home loan from Kotak. You can avail of the balance transfer facility by transferring your existing home loan amount to the new one. The process of applying for a home loan is quick and easy. All you need to do is to provide your income tax credentials and complete the online application process. You will receive the principal sanction of the loan within 24 hours. You can avail of this home loan from any Kotak bank branch in India. Moreover, existing Kotak bank customers can also apply for a home loan by using the Kotak mobile app and net banking.
This loan comes with a number of benefits. You can transfer the existing loan from another bank if you already have a house loan with the same lender. This will save you money on interest. You can also avail this loan under the Pradhan Mantri Awas Yojana scheme. This scheme provides affordable housing loans to economically weaker sections of society. This home loan from Kotak Mahindra bank offers a balance transfer facility for your dream home in India.
It offers insurance coverage for your property
If you are planning to build your dream home in India, it is advisable to take a home insurance policy. Insurers will assess your needs and decide on the appropriate insurance cover. Make sure you furnish the details of white goods, valuable jewelry, and premises. Incorrect information may result in the cancellation of the policy. In India, homeowners can easily avail of home insurance coverage. There are several insurance companies offering policies for homes in the country.
A comprehensive home insurance policy covers your dream home and all its contents. This insurance covers the cost of repairing the property and also compensates you for the loss of rental income. Your dream home is safe with home insurance coverage! It will pay for damages or losses due to natural and manmade disasters. Furthermore, you can avail free financial planning from a registered investment advisor to protect your dream house. You can contact an insurance company and ask for a home insurance quote.
