Kotak Bank’s festive offer: Home loans from 7%, discounts on car and bicycle loans | Photo credit: BCCL
New Delhi: The Kotak Mahindra group has announced the launch of its 2020 edition of “Khushi Ka Season”. From attractive loan rates, loan processing fee waivers, and fast online loan approvals across a range of retail and agricultural lending segments, the lender has a plethora of offerings for its clients.
The bank offers home loans starting at 7%, Kotak said in a statement. The banks also said that if customers of other banks switch to Kotak, they will be able to save up to Rs 20 lakh to transfer the balance.
“We are thrilled to launch the 2020 edition of Khushi Ka Season, a month-long celebration to meet all of our clients’ financial and lifestyle needs – be it borrowing, savings. , shopping or payments. We also recognize the increasingly important and active role that a woman is playing in household finances and are offering preferential rates to women applicants on loans for personal and business purposes ”, Shanti Ekambaram, Group President – Consumer Banking , Kotak Mahindra Bank Ltd. mentionned.
The bank also grants 50% waivers on processing fees for car and bicycle loans. The offer will be open for one month and is available in cities across India.
“Along with our retail banking customers, our food, utility and construction equipment customers also have plenty of reason to be happy with Kotak’s holiday offerings. Our 2020 edition of festive offers is truly a Khushi Ka season for all of our customers, ”said Dr. Kannan, Group President – Commercial Banking, Kotak Mahindra Bank Ltd.
Here are the highlights of the offer:
Home loans from 7% pa; Savings of up to Rs. 20 lakh on balance transfer cases
50% exemption from administration fees on car loans and two-wheeler loans
50% exemption from processing fees on the financing of agribusiness, commercial vehicles and construction equipment
Payday Loans – Get Your Payday In Advance With Interest Rates From Just Rs 1 Per Day
Silk Loans – Special rate on all loan products for female applicants
Free EMI on Kotak Debit and Credit Cards. Also get great deals on big brands at partner stores with durable consumer loans and EMI on debit and credit cards.
10% instant discount on Flipkart and Amazon.in for Kotak debit and credit cardholders.