Kotak Mahindra Bank cuts home loan interest rate by 15 bps to 6.5%

This is a limited period offer, valid for 60 days, beginning September 10

Private sector lender Kotak Mahindra Bank has reduced its home loan rates by 15 basis points (bps) to 6.5 per cent ahead of the festive season. The cut will take effect from September 10, making it one of the lowest home loan rates in the country in over a decade, said the bank on Thursday. 
 
The rate of 6.5 per cent will be valid for two months — till November 8. The bank said the rates for both fresh home loans and balance transfers will now start at 6.50 per cent per annum. This rate is available across all