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Kotak Mahindra Bank reduces home loan rates
Posted on: 25/Dec/2013 10:40:57 AM
Kotak Mahindra Bank on Tuesday announced a rate cut of up to 0.25 percentage point on its housing loans for a limited period.
Accordingly, new home loans under Rs.75 lakh will be available at 10.25 per cent annually, down from the earlier 10.50 per cent, while loans above Rs.75 lakh will attract 10.75 per cent interest as against 10.90 per cent earlier. The reduced interest rates will be applicable till January 31.
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