27 OCTOBER, 2021

Never before have people felt the importance of a comfortable home than during the pandemic. During the lockdown when everyone has been confined to the four walls of your residence, having a comfortable space is crucial. During the work from home scenario, you might have felt the need for a bigger or a comfortable house for yourself. However, it is easier said than done. Moving to a bigger and spacious house can cost you your lifelong savings. Nevertheless, a home loan can save the day. Availing a home loan with Kotak Mahindra bank can help you move into your dream home without depleting your savings.

What Is a Home Loan?

A home loan is a secured loan that you can avail from banks and financial institutions. With a housing loan, you can borrow funds to buy your dream house and repay through flexible instalments called Equated Monthly Installments (EMI).

Features of Kotak Mahindra Bank Home Loan

  • High-value loan

With Kotak, you can avail a loan amount up to 90%of the property value. This feature will help you avail a bigger house where you and your spouse can comfortably work from home without hassle. You can also buy home loan insurance with us at reasonable premium amounts to save your family from the financial burden of repaying the loan in case of any unforeseen circumstances.

  • Flexible repayment tenure

With us, you can repay the loan as per your repayment capacity. With a long repayment tenure of up to 20 years, you can choose a tenure that allows you to get comfortable EMIs. You can also choose to prepay the loan and reduce your overall cost of borrowing. A home loan EMI calculator can help you determine your affordability and choose a suitable tenure.

  • Competitive interest rates

Lower interest rates can significantly help you reduce the total outstanding amount and save money. Kotak Mahindra Bank offers one of the lowest interest rates on housing loans in the market. With a robust repayment capacity and high credit score, you can avail a home loan for an interest rate of 6.50%.

  • Transparency in fee structure.

We have a transparent fee structure policy where you can avail a housing loan with a low processing fee and no hidden charges.   

  • Doorstep facility

To avail the loan with us, you need not squeeze time out of your demanding office hours. You can apply for a loan with us from the comfort of your house through our 100% online interface. Moreover, you can also opt for our doorstep process to get your home loan processed.

To Sum Up

There is no better time than today to fulfil your dreams. With one of the lowest interest rates, Kotak Mahindra Bank home loan can help you move into your dream home. You might be spending most of your time at home during the lockdown. Why not have a space that is elegant, beautiful and comfortable to work from? Visit our website and apply for home loan today.

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Disclaimer: This Article is for information purpose only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank make no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.