With a number of banks coming out their Diwali offers, Kotak Mahindra Bank too followed suit by unveiling ‘Kona Kona Utsav’- a festival of attractive offers- to ensure that its customers feel absolutely delighted in this festive season. The bank is offering special rates on home loans, loan against property, working capital loans, and business loans. Besides, customers applying for home loans and business loans will be eligible for a part waiver on processing fees. These offers are valid on new loans availed by customers till December 31, 2017.
Customers availing a new loan product through any of Kotak’s bank branches or opening a new Savings Account or Current Account during this period are in for a pleasant surprise, in the form of discount vouchers worth up to Rs. 15,000 from Club Mahindra, Musafir.com, Myntra, and ShoppersStop.com. Concerned personnel of the department have stated that the aim of the bank is to fulfill the customers’ dreams- be it buying a home or taking a loan for business purposes. With Kona Kona Utsav, they would be able to celebrate these new beginnings by availing loans at special rates and lower processing fees while also receiving travel and shopping vouchers.
Home loans during Kona Kona Utsav will be available at 8.35% p.a., a rate which is at a 6-year industry low. This rate will be applicable to all customers who take a loan from now until the end of December 2017. Besides, 50% of the processing fee will be waived on loans till December 31, 2017. Each home loan will also be accompanied by a zero balance savings account. A customer applying for a business loan can now get it at 1% lower interest rate in addition to a 25% waiver on the processing fee. And that’s not all; loan against property is available at a special interest rate of 9.25% p.a.