Get immediate fundamental penalties for Kotak Digi home loans
Kotak Mahindra Bank (Kotak), which offers home loans at an incredibly low interest rate of 6.75% * pa, announced today that it has implemented immediate home loan sanctions on its digital platform – Kotak Digi Home Loans. Construction loan applicants can now immediately check their loan amount and the applicable interest rate online and also immediately receive a basic sanction letter. This makes home buying a lot easier for aspiring homeowners.
The immediate sanctioning of home loans is available to existing and new Kotak customers as well as to salaried and self-employed customer segments. Applicants can take advantage of the opportunity to apply for a new home loan, balance or top-up loan.
In a completely digital and end-to-end paperless process, Kotak Digi Home Loans performs an instant digital credit check and the applicant is shown the home loan eligibility amount, loan term, interest rate and EMI. The applicant can choose the loan amount and term, and add a co-applicant to increase the eligible loan amount. The applicants then receive a basic sanction letter and can then submit the documents online.
Ambuj Chandna, President – Consumer Assets, Kotak Mahindra Bank, said, “Making banking easier, faster and more affordable is our promise to our customers. With a digital-first approach, homebuyers now receive an immediate sanction for a home loan along with completely paperless and contactless all the details of their credit entitlement. In addition, we continue to offer a special mortgage interest rate of 6.75% and thus a win-win situation for our customers. Finding your dream home just got so much easier. “
Applicants can easily access Kotak Digi Home Loans online through the Kotak website at. apply for www.kotak.com. Existing Kotak customers can also apply for Kotak Digi Home Loans via Kotak Net Banking or the Mobile Banking App.
Kotak offers home loan and balance transfer loans starting at 6.75% * pa, which is one of the lowest rates on the home loan market.
Shares in KOTAK MAHINDRA BANK LTD. was last traded in BSE at Rs.1858.65, compared to its previous closing price of Rs. 1883.95. The total number of stocks traded during the day was 162036 in over 10014 trades.
The stock hit an intraday high of Rs. 1905 and an intraday low of 1846. Net sales for the day were Rs. 305509653.
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